FactSet (FDS): Details Strategy and Medium-Term Outlook Through Fiscal 2029; Reaffirms Fiscal 2027 Outlook

FactSet (FDS) used its November 10 Investor Day to lay out a medium-term financial algorithm through fiscal 2029, targeting roughly 6% organic revenue CAGR, an adjusted operating margin of at least 36% by FY29, about 10% adjusted diluted EPS CAGR, and free cash flow conversion above 90% of adjusted net income. The company reaffirmed its fiscal 2027 outlook, including organic ASV growth of 5.0% to 6.5%, revenue of $2.60 billion to $2.625 billion, adjusted operating margin of 34.75% to 35.25%, and adjusted diluted EPS of $19.25 to $19.65. CEO Sanoke Viswanathan framed the plan around connected data, analytics, and AI-enabled workflows, with presentations from the chief AI, technology, revenue, and financial officers. The targets matter because they set explicit multiyear benchmarks for margin expansion and cash generation that investors can track against quarterly results. Next, watch FactSet's execution on ASV growth and AI product adoption, with the webcast and presentation materials available via its investor relations site.