Earnings Feed

Financial Services

FactSet's Strategic Shift Toward AI Leadership and Industry Inflection Point

Sanoke Viswanathan emphasized that FactSet is at a strategic inflection point driven by AI and data-driven innovation transforming the industry.
The company aims to become the leading AI-powered financial intelligence platform, leveraging its open architecture and cloud-native design.
FactSet has already launched multiple AI products, with about 60% of AI tooling sales in Q4 contributing to growth, indicating a significant strategic focus on AI.
Management highlighted the importance of AI in future product development, client workflows, and competitive positioning, signaling a major strategic pivot.
The call underscored a deliberate investment phase in AI, with expectations of long-term competitive advantages and market leadership.
Executives acknowledged the dynamic and competitive nature of AI, including start-ups and traditional rivals, emphasizing the need for continuous innovation.

FDS

Financial Services

Record Q4 Organic ASV Growth

$81.8 million

Q4 organic ASV was the largest quarter in company history, with a sequential acceleration in growth to 5.7%, fueled by wealth and asset management wins.

AFRM

Financial Services

Record Metrics and Accelerating Growth in Q4 2025

Affirm set new records in most of its metrics during Q4 2025, surpassing typical peak periods.
CEO Max Levchin highlighted that the quarter's results were exceptionally strong and unusual for a fiscal fourth quarter.
The company experienced accelerating growth, with increased originations and GMV, indicating robust demand.
Leadership expressed confidence that the growth momentum will continue into the next fiscal year.
The record-breaking performance was achieved despite typical seasonal fluctuations, emphasizing operational strength.

AMRK

Financial Services

Strategic M&A Outlook and Capital Allocation in a Slow Market Environment

The company has completed three acquisitions in Q3 and is actively evaluating additional opportunities.
Management believes market slowdowns present favorable conditions for strategic acquisitions that are easier to digest.
The focus is on balancing capital allocation between inventory, acquisitions, and operational efficiencies.
The company sees ongoing opportunities in the pipeline, especially in higher-margin segments and emerging markets.
Management emphasizes that market conditions favor acquisitions that can be integrated and scaled during slower periods.

FDS

Financial Services

Financial Performance Summary

Adjusted operating margin was 36.3% for the full year and 33.8% for Q4, with adjusted EPS growing to $16.98 for FY '25 and $4.05 for Q4.
Client count grew nearly 10% year-over-year to 9,000, with over 237,000 users, driven by wealth and corporate client additions.
Dividend increased by 6% in Q3, marking 26 consecutive years of dividend increases, with total shareholder returns exceeding $460 million in FY '25.
Fiscal 2025 annual revenue increased to $2.3 billion with 5.4% overall growth and 4.4% organic growth, marking over 45 consecutive years of top-line growth.
Gross debt leverage ratio improved to 1.5x, providing strong financial flexibility.
Operating expenses grew 9.5% year-over-year in Q4, driven by people-related expenses (+13%) and technology expenses (+13%) due to acquisitions and AI investments.
Q4 organic ASV reached $81.8 million, the largest quarter in company history, with a sequential growth acceleration to 5.7%.
Share repurchases totaled $107 million in Q4, concluding a $300 million program, with a new $400 million authorization started in September.

AMRK

Financial Services

Q4 Gross Profit Increase

90%

$81.7 million, up 90%

Q4 gross profit increased 90% to $81.7 million or 3.25% of revenue, primarily due to acquisitions of SGB, SGI, Pinehurst, and AMS.

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AFRM

Financial Services

Record-setting Q4 performance

New records in most key metrics during a non-peak quarter

Affirm crushed Q4 and set new records, unusual since Q2 is typically the peak quarter.

AFRM

Financial Services

Financial Performance Summary

95% of transactions in the quarter came from repeat borrowers, indicating strong customer retention.
Affirm set new records in most key metrics during fiscal Q4 2025, an unusual achievement for a non-peak quarter.
Funding capacity increased roughly 55% year-over-year with utilization significantly down, reflecting a favorable capital market environment.
Growth is accelerating with strong momentum in U.S. and Canadian consumer originations and repayments.
Monthly 0% APR loans grew north of 90% year-over-year, showing strong adoption of promotional financing.
Revenue less transaction cost (RLTC) take rate is expected to remain stable in the 3% to 4% range, with guidance at the high end.
The Affirm Card volume reached $1.2 billion with a 10% attach rate and a tripling of 0% volume on the card.

AMRK

Financial Services

Financial Performance Summary

Depreciation and amortization expenses increased significantly due to intangible asset amortization from acquisitions.
Earnings from equity method investments turned negative, with losses of $0.8 million in Q4 and $2.8 million for the full year.
Fiscal year 2025 net income was $17.3 million with non-GAAP adjusted net income before income taxes of $53.1 million and diluted EPS of $0.71.
Full year gross profit increased 22% to $210.9 million or 1.92% of revenue, with higher profits from direct-to-consumer segment.
Interest income decreased 34% in Q4 and 4% for the full year, while interest expense increased 34% in Q4 and 17% for the full year.
Q4 2025 net income was $10.3 million with non-GAAP adjusted net income before income taxes of $19.2 million and diluted EPS of $0.41.
Q4 gross profit increased 90% to $81.7 million, representing 3.25% of revenue, driven by acquisitions.
SG&A expenses rose 135% in Q4 to $53.4 million due to compensation, advertising, consulting, and acquisition-related costs.

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FDS

Financial Services

FactSet's Strategic Shift Toward AI Leadership and Industry Inflection Point

Sanoke Viswanathan emphasized that FactSet is at a strategic inflection point driven by AI and data-driven innovation transforming the industry.
The company aims to become the leading AI-powered financial intelligence platform, leveraging its open architecture and cloud-native design.
FactSet has already launched multiple AI products, with about 60% of AI tooling sales in Q4 contributing to growth, indicating a significant strategic focus on AI.
Management highlighted the importance of AI in future product development, client workflows, and competitive positioning, signaling a major strategic pivot.
The call underscored a deliberate investment phase in AI, with expectations of long-term competitive advantages and market leadership.
Executives acknowledged the dynamic and competitive nature of AI, including start-ups and traditional rivals, emphasizing the need for continuous innovation.

FDS

Financial Services

Record Q4 Organic ASV Growth

$81.8 million

Q4 organic ASV was the largest quarter in company history, with a sequential acceleration in growth to 5.7%, fueled by wealth and asset management wins.

AFRM

Financial Services

Record Metrics and Accelerating Growth in Q4 2025

Affirm set new records in most of its metrics during Q4 2025, surpassing typical peak periods.
CEO Max Levchin highlighted that the quarter's results were exceptionally strong and unusual for a fiscal fourth quarter.
The company experienced accelerating growth, with increased originations and GMV, indicating robust demand.
Leadership expressed confidence that the growth momentum will continue into the next fiscal year.
The record-breaking performance was achieved despite typical seasonal fluctuations, emphasizing operational strength.

AMRK

Financial Services

Strategic M&A Outlook and Capital Allocation in a Slow Market Environment

The company has completed three acquisitions in Q3 and is actively evaluating additional opportunities.
Management believes market slowdowns present favorable conditions for strategic acquisitions that are easier to digest.
The focus is on balancing capital allocation between inventory, acquisitions, and operational efficiencies.
The company sees ongoing opportunities in the pipeline, especially in higher-margin segments and emerging markets.
Management emphasizes that market conditions favor acquisitions that can be integrated and scaled during slower periods.

FDS

Financial Services

Financial Performance Summary

Adjusted operating margin was 36.3% for the full year and 33.8% for Q4, with adjusted EPS growing to $16.98 for FY '25 and $4.05 for Q4.
Client count grew nearly 10% year-over-year to 9,000, with over 237,000 users, driven by wealth and corporate client additions.
Dividend increased by 6% in Q3, marking 26 consecutive years of dividend increases, with total shareholder returns exceeding $460 million in FY '25.
Fiscal 2025 annual revenue increased to $2.3 billion with 5.4% overall growth and 4.4% organic growth, marking over 45 consecutive years of top-line growth.
Gross debt leverage ratio improved to 1.5x, providing strong financial flexibility.
Operating expenses grew 9.5% year-over-year in Q4, driven by people-related expenses (+13%) and technology expenses (+13%) due to acquisitions and AI investments.
Q4 organic ASV reached $81.8 million, the largest quarter in company history, with a sequential growth acceleration to 5.7%.
Share repurchases totaled $107 million in Q4, concluding a $300 million program, with a new $400 million authorization started in September.

AMRK

Financial Services

Q4 Gross Profit Increase

90%

$81.7 million, up 90%

Q4 gross profit increased 90% to $81.7 million or 3.25% of revenue, primarily due to acquisitions of SGB, SGI, Pinehurst, and AMS.

Got Questions About These Earnings?

Get instant insights on any company's performance, strategy, or market position. Ask anything about the earnings you just read.

Ask Now

AFRM

Financial Services

Record-setting Q4 performance

New records in most key metrics during a non-peak quarter

Affirm crushed Q4 and set new records, unusual since Q2 is typically the peak quarter.

AFRM

Financial Services

Financial Performance Summary

95% of transactions in the quarter came from repeat borrowers, indicating strong customer retention.
Affirm set new records in most key metrics during fiscal Q4 2025, an unusual achievement for a non-peak quarter.
Funding capacity increased roughly 55% year-over-year with utilization significantly down, reflecting a favorable capital market environment.
Growth is accelerating with strong momentum in U.S. and Canadian consumer originations and repayments.
Monthly 0% APR loans grew north of 90% year-over-year, showing strong adoption of promotional financing.
Revenue less transaction cost (RLTC) take rate is expected to remain stable in the 3% to 4% range, with guidance at the high end.
The Affirm Card volume reached $1.2 billion with a 10% attach rate and a tripling of 0% volume on the card.

AMRK