FactSet Research Systems Inc. filed a Current Report on Form 8-K with the Securities and Exchange Commission on September 24, 2026, announcing amendments to its Amended and Restated By-laws. The company stated that its Board of Directors approved and adopted these amendments on the same day, with the changes becoming effective immediately.
The filing details that the amendments to the bylaws include provisions that allow the Board to delegate all its powers and authority regarding the management of the business and affairs of the Company to its committees, as permitted under Delaware General Corporation Law. Additionally, the document outlines updates to procedural and disclosure requirements related to the timing and information requirements for the advance notice of nominations and other business at shareholder meetings. The filing also notes that the amendments include conforming and clarifying revisions to provisions related to the appointment of officers and defined terms used throughout the document.
Separately, the filing incorporates by reference a press release dated September 30, 2026, regarding the company's financial results for the three and twelve months ended August 31, 2026. The press release highlights that FactSet reported GAAP revenues of $634.7 million for the fourth quarter of fiscal 2026, a 6.3% increase year over year, and organic revenues of $635.5 million, a 7.1% increase. The company also reported that organic Annual Subscription Value (ASV) increased by 7.0% year over year to $2,568.2 million.
In terms of capital returns, FactSet repurchased 552,064 shares of its common stock for $138.0 million during the fourth quarter of fiscal 2026. The company provided guidance for fiscal 2027, projecting organic ASV growth between 5.0% and 6.5% and revenues between $2.600 billion and $2.625 billion.
