FactSet Research Systems: Valuation Multiple Is Too Cheap

FactSet Research Systems (FDS) remains a buy as organic ASV growth accelerates, driven by strong retention, expansion, and new business across all geographies. FDS is embedding deeper into client workflows, especially in wealth and dealmakers, with enterprise agreements and integrated AI solutions boosting stickiness. AI adoption is a tangible growth driver, with 48 of the top 50 clients using at least three FDS AI solutions and API call volume up 300% month-over-month.