FactSet

What FactSet does

FactSet Research Systems Inc. is a publicly traded financial data and analytics company (NYSE: FDS), founded in 1978 and headquartered in Norwalk, Connecticut, that provides integrated data, analytics, and workflow software to institutional investors, investment banks, wealth management firms, private capital managers, corporations, and data platform providers globally. Its core offering, the FactSet Workstation, connects more than 800 data sources and 1,100+ programmatic datasets through permanent entity and security identifiers, supporting workflows across investment research, portfolio analytics (performance, attribution, risk, fixed income), trading (Portware EMS, LiquidityBook OMS, FactSet TCA), private markets, and wealth management (Advisor Dashboard, Proposal Generation, Intelligent Prospecting across 260M+ profiles).

The company's technology stack is organized around FactSet Intelligence, a multi-layered AI platform combining a unified data layer (structured and unstructured content), an MCP-enabled agent platform, and intelligent workflows (AI Document Search, Transcript Assistant, Portfolio Commentary, PM Hub). It distributes product through enterprise field sales, an API-first developer portal, Open:FactSet Marketplace (300+ feeds), and cloud integrations with Snowflake, Databricks, AWS Redshift, and major LLM platforms (Anthropic, Google, OpenAI, Microsoft). Subscriptions on the Workstation and modular components drive a recurring Annual Subscription Value (ASV) of $2,449.1 million as of Q2 FY2026, with retention above 95% across 9,000+ client institutions and 241,000+ users globally.

FactSet monetizes primarily through annual enterprise subscriptions bundled by user count and module, supplemented by data-as-a-service via APIs and feeds, cloud marketplace consumption, and AI-augmented modules such as FactSet AI for Banking (with Finster AI). FY2025 revenue was approximately $2.32 billion with FY2026 GAAP guidance of $2.45–$2.47 billion. The company has expanded through acquisitions including CUSIP Global Services ($1.925B, 2022), Cobalt Software, BTU Analytics, idaciti, Irwin, LiquidityBook ($246.5M, 2025), and TableTop Data, and operates globally across 20 countries with offices in the Americas, EMEA, and Asia Pacific.

Name

FactSet

Legal name

FactSet Research Systems Inc.

Website

https://factset.com

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

FactSet is a publicly traded financial data and analytics platform serving 9,000+ institutional clients globally, integrating 800+ data sources via the FactSet Workstation and FactSet Intelligence AI stack for research, portfolio analytics, trading, wealth management, and private markets workflows.

Ownership category

akta.pro rank

Product category

Financial Data and Analytics Software

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Software Publishers (5132), Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Data Distribution, Connectivity & Market Data Platforms (Entitlements, Normalization, APIs) (FSAFAIAJ)

Keywords

• Financial data analytics
• Portfolio analytics software
• Investment research platform
• Market data solutions
• Wealth management technology

Headquarters

HQ city

Norwalk

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Subscription-Based Software (FactSet Workstation): Core subscription revenue model for the FactSet Workstation platform serving institutional investors and financial professionals. Annual subscription value (ASV) of $2,449.1 million with 95%+ retention rate. Subscription revenue is the dominant revenue driver with recurring characteristics and client expansion dynamics.
2. Data-as-a-Service Solutions: Data solutions sold through APIs, data feeds, and cloud marketplace integrations including Snowflake, Databricks, and AWS Redshift. Provides enterprise-grade financial data for AI systems and analytics platforms.
3. Platform and Analytics Products: Modular platform components including Portfolio Analytics, CRM integration, Advisor Dashboard, and specialized workflow solutions for wealth management, trading, and risk analytics.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

FactSet sells subscription-based financial data and analytics software, anchored by the FactSet Workstation platform which integrates 800+ data sources for institutional investors. The offering includes portfolio analytics, risk analytics, trading solutions (Portware EMS, LiquidityBook OMS), wealth management tools, private markets data, and the FactSet Intelligence AI layer with MCP-enabled agentic workflows for investment research, deal-making, and client reporting.

Product overview

FactSet offers a modular platform architecture centered on the FactSet Workstation (serving 200K+ users), which connects 800+ data sources in a unified environment. The platform is organized into core solution suites: Investment Research (Internal Research Notes, StreetAccount, Signals API), Portfolio Analytics (performance measurement, risk analytics, fixed income, attribution with 10+ models), Trading (Portware EMS, LiquidityBook OMS, TCA), and AI Intelligence (FactSet Intelligence multi-layered AI stack). Supporting modules include Data Solutions (1,100+ datasets, APIs, Snowflake/Databricks integration), Wealth Management (Advisor Dashboard, Proposal Generation, Intelligent Prospecting), Private Markets (Private Company Financials, Cobalt Portfolio Monitoring, PE/VC data), and specialized tools like FactSet Document Search, Portfolio Commentary, Transcript Assistant, and PM Hub. The platform integrates with major AI platforms (ChatGPT, Claude, Google Gemini) via MCP protocol and supports open development through FactSet Analytics APIs and Widget Library.

Differentiator

Problem solved

Functional benefit

Brands

• FactSet Intelligence: Multi-layered AI stack powering faster and smarter decisions for financial professionals, including AI-powered search, conversational chat, automated portfolio commentary, and agentic research workflows
• Portware
• LiquidityBook
• Advisor Dashboard
• FactSet Workstation
• FactSet AI for Banking
• Internal Research Notes (IRN)
• FactSet TCA
• Cobalt Portfolio Monitoring Platform

Products and services

• FactSet Workstation

Quantifiable outcome

• 7.1% revenue growth year-over-year in Q2 fiscal 2026
• +4 more outcomes

Named customers21 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration25 records

AI capability13 records

Feature10 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Microsoft (Copilot)coreTechnology or Integration · 25 June 2026Live data connector partnership for Microsoft Copilot in Excel. FactSet data available alongside CB Insights, Daloopa, Morningstar, PitchBook, and S&P Global for reusable finance workflows with enhanced change tracking for audit trails.
• S&P GlobalcoreTechnology or Integration · 25 June 2026MCP ecosystem partner providing market data alongside FactSet, Morningstar, PitchBook, CB Insights, and Daloopa for enterprise AI platforms including Google Gemini Deep Research and Microsoft Copilot.
• MorningstarcoreTechnology or Integration · 25 June 2026Live data connector partnership for Microsoft Copilot in Excel alongside FactSet, providing financial data integration for AI-powered spreadsheet workflows.
• PitchBookcoreTechnology or Integration · 25 June 2026Live data connector partnership for Microsoft Copilot in Excel alongside FactSet, providing private market and M&A data integration for AI-powered finance workflows.
• S&P GlobalcoreTechnology or Integration · 16 June 2026MCP ecosystem partnership providing financial market data alongside FactSet for Glean's enterprise AI platform serving investment research, deal sourcing, due diligence, and portfolio risk workflows.
• ValuticocoreStrategic or Co-development Partner · 14 May 2026Partnership to deliver an integrated, end-to-end valuation workflow for private capital markets. Combines FactSet's Cobalt portfolio management platform with Valutico's valuation technology, enabling portfolio company financials to flow directly into Valutico's platform for analysis using DCF, Trading Multiples, and LBO methodologies.
• AnthropiccoreTechnology or Integration · 5 May 2026Data connector partnership providing Claude AI platform access to FactSet data for financial services workflows. Part of Anthropic's expanded partner ecosystem for AI agents targeting banking, asset management, insurance, and financial operations.
• AnthropiccoreTechnology or Integration · 5 May 2026Expanded MCP ecosystem integration with Anthropic's Claude, enabling AI agents to access FactSet financial data for workflows including pitchbooks, KYC screening, valuations, and month-end close operations.
• J.P. MorgancoreStrategic or Co-development Partner · 29 April 2026Expanded collaboration through Whole Portfolio Distribution - an analytics and reporting solution on FactSet's platform powered by Fusion by J.P. Morgan. Provides institutional investors with unified view across multiple asset classes and geographies, automating data normalization and reporting. Currently supporting $62.5 billion in Assets under Analysis.
• Google (Gemini)coreTechnology or Integration · 21 April 2026MCP server partnership enabling Google Gemini to integrate FactSet financial data into Deep Research workflows. FactSet data (Fundamentals, Estimates, Ownership, M&A, Pricing, People, Events, Supply Chain) accessible through Model Context Protocol for enterprise AI applications.
• Finster AIcoreStrategic or Co-development Partner · 30 March 2026Strategic partnership and investment for development of FactSet AI for Banking platform - an AI-powered workflow automation ecosystem for investment banking workflows. The platform automates deal processes, generates pitch materials, company profiles, and memos through natural language prompts. Available in alpha with broader rollout planned through 2026.
• SnowflakecoreTechnology or IntegrationSnowflake Data Marketplace partnership enabling FactSet data distribution through Snowflake's cloud data platform for enterprise analytics and AI applications.
• DatabrickscoreTechnology or IntegrationFactSet via Databricks integration enabling cloud-native technology that integrates FactSet data into Databricks for advanced analytics and AI workflows.
• CFA InstituteminorStrategic or Co-development PartnerFactSet contributed to CFA Institute's Comprehensive Guide to ETFs (2nd Edition) with an E-T-F framework for evaluating exchange-traded funds.

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bloomberg: Bloomberg Terminal is the dominant financial data, analytics, and communications platform for institutional investors and investment banks — directly overlapping FactSet's workstation, market data, and analytics offerings on both buy- and sell-side desks.
• S&P Global Market Intelligence (S&P Capital IQ Pro): S&P Capital IQ Pro competes directly with FactSet Workstation on fundamentals, estimates, screening, and workflow tools for buy-side and investment banking users; S&P Global is also a major data licensor to FactSet, making the relationship simultaneously cooperative and competitive.
• LSEG (London Stock Exchange Group / Workspace): LSEG Workspace (formerly Refinitiv Eikon) is a direct competitor across market data, analytics, and workstation workflows; the 2021 LSEG–Refinitiv merger created a global incumbent competing head-to-head with FactSet across asset classes and geographies.

Broad incumbents

• Morningstar: Morningstar provides investment research, mutual fund data, and portfolio analytics widely used by wealth managers and advisors — overlapping with FactSet's wealth management and research workflows, with deeper strength in fund-level data.
• MSCI: MSCI provides indices, portfolio risk and performance analytics, ESG data, and real estate analytics — overlapping with FactSet's portfolio analytics, risk, and ESG offerings at large institutional asset owners and managers.
• S&P Dow Jones Indices: S&P DJ Indices (part of S&P Global) provides index data and analytics feeding portfolio benchmarking workflows — adjacent to FactSet's analytics products and a partial substitute on the index-data side of the workstation.

Emerging players

• PitchBook: PitchBook (a Morningstar business) is the leading private-market data platform for VC, PE, and M&A — directly competing with FactSet's Cobalt portfolio monitoring and Private Equity/Venture Capital data products.
• AlphaSense: AlphaSense is an AI-native market intelligence and document search platform competing with FactSet's Document Search and research workflows — an emerging threat that uses LLMs to deliver faster insights at potentially lower price points.
• Daloopa: Daloopa is an AI-native financial data and KPI extraction platform that supplies granular fundamentals to investment analysts — an emerging competitor and MCP ecosystem partner that could displace parts of FactSet's fundamentals offering.
• CB Insights: CB Insights provides market intelligence and private company data, overlapping with FactSet's private markets and corporate strategy offerings — an emerging AI-driven alternative increasingly used by corporates and investment teams.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/factset
• YouTubeyoutube.com/@FactSetSolutions
• Facebookfacebook.com/FactSet
• LinkedInlinkedin.com/company/163755
• Instagraminstagram.com/lifeatfactset

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A28 records

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FactSet