FactSet delivered a resilient QQ2 2025 performance characterized by core growth across multiple firm types and geographies, underpinned by ongoing investments in Generative AI (Gen AI) and data-centric solutions. Organic ASV (annualized subscription value) rose 4.1% year-over-year to support a GAAP revenue of $571 million and adjusted EPS of $4.28, with an adjusted operating margin of 37.3%. Management reaffirmed the 5% midpoint of organic ASV growth for the back-half of fiscal 2025 and narrowed the ASV growth guidance to a range roughly 4.4%–5.8% (top- and bottom-end adjustments of $10 million to $130 million). The quarter featured several strategic wins and product expansions, notably UBS’s wealth-management deal, and rapid progression of Gen AI products (Pitch Creator, Conversational API, and Portfolio Commentary), complemented by recent acquisitions Irwin and LiquidityBook that are driving cross-sell opportunities and shorter sales cycles. Net income amounted to $144.9 million, and free cash flow was $150.2 million, underscoring FactSet’s ability to translate pipeline momentum into cash generation while maintaining investment in its growth agenda. However, the company acknowledged FX price-inflation headwinds tied to CPI dynamics, ongoing integration costs from acquisitions, and a cautious macro backdrop that could introduce near-term variability in banking-related renewals. Overall, FactSet’s blend of market-leading data quality, enterprise-scale workflow solutions, and AI-enabled product suite positions it to sustain a mid-to-high single-digit revenue growth trajectory and expanding margin profile over the next 12–24 months.