FactSet Research Systems vs Tradeweb Markets: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

FactSet Research Systems Inc (FDS)

Q3 202626 Jun – 6 Oct 2026

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FactSet's AI Surge Meets Guidance Letdown and New Competition

AI Momentum and Strong Financials FactSet's AI product launches, Google Cloud partnership, and record organic subscription value growth drove earnings beats, retention above 95%, and a 58% stock surge, supported by nearly $950 million in buybacks and $250 million in dividends.
This point captures the primary positive forces behind FactSet's stock performance during the period.
Disappointing Fiscal 2027 Guidance Fiscal 2027 guidance fell short of expectations, causing a 3.45% share drop on fears of slowing growth, with analysts cautious about moderating annual subscription value growth amid rising AI competition.
This point highlights a key negative event that pressured the stock and reflects growth concerns.
Potential S&P Global Spinoff Threat S&P Global's potential spinoff of Capital IQ Pro could create a formidable standalone rival, pressuring FactSet's market share and pricing power in the financial data market.
This point identifies a significant competitive threat that could impact FactSet's future performance.
New Private Markets Partnership A new private markets partnership offers long-term upside, expanding FactSet's addressable market and diversifying revenue streams beyond traditional financial data services.
This point highlights a strategic initiative that could drive future growth and was not previously reported.

September 202618 Sep – 6 Oct 2026

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FactSet beats on AI demand but soft 2027 guidance clouds growth

Q4 earnings beat, but fiscal 2027 guidance disappoints FactSet beat Q4 profit and revenue estimates, yet its fiscal 2027 guidance came in below Wall Street expectations, sending shares down 3.45%. The market worries that growth is slowing, even as the company remains profitable and returns cash to shareholders.
This is the core new event that directly moved FDS shares and frames the period's mixed picture.
Record AI-driven subscription value growth FactSet reported record organic Annual Subscription Value growth, with AI solutions more than doubling year over year and retention above 95%. This shows demand for its data and AI tools remains strong, supporting future revenue and a positive long-term story.
It highlights the key positive force behind FDS's business momentum and counters the guidance disappointment.
Analysts split: some raise targets, others stay cautious After earnings, several analysts raised price targets, and William Blair upgraded the stock, citing AI progress and execution. But Goldman, Barclays, BofA and Wells Fargo stayed cautious, warning that ASV growth may moderate as AI competition rises. This tug-of-war keeps the stock range-bound.
It shows the market's divided view on FDS's AI opportunity versus growth risks, explaining recent price swings.
New private markets partnership expands offering FactSet partnered with SUBSCRIBE to integrate private markets tools into its platform, giving its 8,600 clients access to private fund workflows. This opens a new growth area as investors pour money into alternatives, potentially boosting demand and subscription value over time.
It is a fresh, concrete expansion of FactSet's product reach that could drive future revenue.

Latest18 Sep – 6 Oct 2026

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FactSet beats on AI demand but soft 2027 guidance clouds growth

Q4 earnings beat, but fiscal 2027 guidance disappoints FactSet beat Q4 profit and revenue estimates, yet its fiscal 2027 guidance came in below Wall Street expectations, sending shares down 3.45%. The market worries that growth is slowing, even as the company remains profitable and returns cash to shareholders.
This is the core new event that directly moved FDS shares and frames the period's mixed picture.
Record AI-driven subscription value growth FactSet reported record organic Annual Subscription Value growth, with AI solutions more than doubling year over year and retention above 95%. This shows demand for its data and AI tools remains strong, supporting future revenue and a positive long-term story.
It highlights the key positive force behind FDS's business momentum and counters the guidance disappointment.
Analysts split: some raise targets, others stay cautious After earnings, several analysts raised price targets, and William Blair upgraded the stock, citing AI progress and execution. But Goldman, Barclays, BofA and Wells Fargo stayed cautious, warning that ASV growth may moderate as AI competition rises. This tug-of-war keeps the stock range-bound.
It shows the market's divided view on FDS's AI opportunity versus growth risks, explaining recent price swings.
New private markets partnership expands offering FactSet partnered with SUBSCRIBE to integrate private markets tools into its platform, giving its 8,600 clients access to private fund workflows. This opens a new growth area as investors pour money into alternatives, potentially boosting demand and subscription value over time.
It is a fresh, concrete expansion of FactSet's product reach that could drive future revenue.

July 202626 Jun – 1 Sep 2026

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FactSet's AI Push Drives Growth, But New Rival Looms

AI product launches and Google Cloud partnership FactSet released an AI-powered portfolio analytics tool and partnered with Google Cloud to build AI solutions. These moves position FactSet to capture rising demand for AI in finance, boosting future revenue prospects and lifting the stock.
These are new events that directly drive investor optimism about FactSet's growth.
Accelerating organic growth and strong earnings FactSet reported 7.1% organic subscription growth, the fifth straight quarter of acceleration, and beat earnings estimates. Clients using AI solutions grew faster, showing the strategy is working and supporting the stock.
This is new financial data that confirms the company's momentum and justifies higher valuation.
Stock surge on earnings beats and cash returns FactSet shares jumped 58% over six months, driven by consistent earnings beats and strong cash flow that funded nearly $950 million in buybacks and $250 million in dividends. This reflects robust financial health and shareholder returns.
It highlights the market's positive reaction to FactSet's performance and capital allocation.
Potential S&P Global spinoff of Capital IQ Pro S&P Global is exploring a spinoff of its Capital IQ Pro platform, which would create a standalone competitor to FactSet. This could intensify competition and pressure FactSet's market share and pricing power.
It introduces a new competitive threat that could negatively impact FactSet's future growth.

26 Jun – 1 Sep 2026

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FactSet's AI Push Drives Growth, But New Rival Looms

AI product launches and Google Cloud partnership FactSet released an AI-powered portfolio analytics tool and partnered with Google Cloud to build AI solutions. These moves position FactSet to capture rising demand for AI in finance, boosting future revenue prospects and lifting the stock.
These are new events that directly drive investor optimism about FactSet's growth.
Accelerating organic growth and strong earnings FactSet reported 7.1% organic subscription growth, the fifth straight quarter of acceleration, and beat earnings estimates. Clients using AI solutions grew faster, showing the strategy is working and supporting the stock.
This is new financial data that confirms the company's momentum and justifies higher valuation.
Stock surge on earnings beats and cash returns FactSet shares jumped 58% over six months, driven by consistent earnings beats and strong cash flow that funded nearly $950 million in buybacks and $250 million in dividends. This reflects robust financial health and shareholder returns.
It highlights the market's positive reaction to FactSet's performance and capital allocation.
Potential S&P Global spinoff of Capital IQ Pro S&P Global is exploring a spinoff of its Capital IQ Pro platform, which would create a standalone competitor to FactSet. This could intensify competition and pressure FactSet's market share and pricing power.
It introduces a new competitive threat that could negatively impact FactSet's future growth.

Tradeweb Markets Inc (TW)

Q3 20264 Jul – 6 Oct 2026

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Tradeweb's solid Q2 and blockchain push offset by slowing growth

Q2 revenue miss triggers sell-off Tradeweb's Q2 revenue of $558.9M grew 9% but fell just short of analyst expectations, causing a sharp stock sell-off and leaving shares well below their 52-week high.
This directly explains the negative price reaction during the quarter.
Growth slowdown and cautious guidance Revenue growth decelerated to 9% from 26.7% a year earlier, and management's cautious guidance weighed on investor sentiment despite record trading volumes in July and August.
Slowing growth and soft guidance are key reasons the stock underperformed.
Blockchain and onchain expansion Tradeweb executed onchain Treasury and repo trades, provided pricing to Pyth, upgraded its AI-Price engine, and invested in Capitolis, advancing its blockchain and digital asset strategy.
These innovations show new growth avenues that could support future performance.
Strong fundamentals and dividend hike Net income rose 17.8%, adjusted EBITDA margin hit 54.4%, and the dividend was raised 16.7%, underscoring solid operational performance despite the revenue miss.
These positive financial results provide a counterweight to the negative price drivers.

August 202615 Jul – 6 Oct 2026

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Tradeweb's volumes surge, but growth slowdown and soft Q2 weigh on stock

Trading volumes keep climbing Tradeweb's July and August 2026 trading volumes rose sharply, with average daily volume up 23.3% and 13.7% year over year. Strong client activity across government bonds, swaps, credit and ETFs signals healthy demand for its electronic trading platform, which supports revenue growth and is a positive for the stock.
Shows the core demand trend that drives Tradeweb's revenue and investor confidence.
Q2 revenue growth slows, stock falls Tradeweb's Q2 revenue rose 9% to $558.9 million, beating EBITDA estimates, but the market was disappointed and the stock fell 5.6%. The slowdown from last year's 26.7% growth and a cautious outlook are weighing on the shares even as volumes stay strong.
The earnings report is the key fundamental update and explains recent stock weakness.
Onchain repo and AI pricing expand offerings Tradeweb executed the first fully onchain repo trade and upgraded its Ai-Price bond pricing engine for U.S. corporate credit. These moves broaden its product suite and could attract more trading volume, reinforcing its competitive position and long-term growth potential.
Highlights innovation that can drive future revenue and market share.
Strategic investment in Capitolis Tradeweb joined a $120 million Series E round in Capitolis, a financial resource optimization platform. The investment is small but signals Tradeweb's interest in adjacent markets like securities lending, potentially opening new growth avenues over time.
Shows a new strategic bet that could diversify revenue streams.

Latest15 Jul – 6 Oct 2026

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Tradeweb's volumes surge, but growth slowdown and soft Q2 weigh on stock

Trading volumes keep climbing Tradeweb's July and August 2026 trading volumes rose sharply, with average daily volume up 23.3% and 13.7% year over year. Strong client activity across government bonds, swaps, credit and ETFs signals healthy demand for its electronic trading platform, which supports revenue growth and is a positive for the stock.
Shows the core demand trend that drives Tradeweb's revenue and investor confidence.
Q2 revenue growth slows, stock falls Tradeweb's Q2 revenue rose 9% to $558.9 million, beating EBITDA estimates, but the market was disappointed and the stock fell 5.6%. The slowdown from last year's 26.7% growth and a cautious outlook are weighing on the shares even as volumes stay strong.
The earnings report is the key fundamental update and explains recent stock weakness.
Onchain repo and AI pricing expand offerings Tradeweb executed the first fully onchain repo trade and upgraded its Ai-Price bond pricing engine for U.S. corporate credit. These moves broaden its product suite and could attract more trading volume, reinforcing its competitive position and long-term growth potential.
Highlights innovation that can drive future revenue and market share.
Strategic investment in Capitolis Tradeweb joined a $120 million Series E round in Capitolis, a financial resource optimization platform. The investment is small but signals Tradeweb's interest in adjacent markets like securities lending, potentially opening new growth avenues over time.
Shows a new strategic bet that could diversify revenue streams.

July 20264 Jul – 31 Jul 2026

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Tradeweb's Q2 revenue miss and blockchain data push shape mixed outlook

Q2 revenue miss triggers sharp sell-off Tradeweb's Q2 revenue of $558.9 million fell just short of the $559.2 million consensus, sending shares down 9.9% on July 31. While earnings per share beat expectations, the top-line miss and slowing growth disappointed investors, pushing the stock 32.5% below its 52-week high.
This is the most immediate and significant negative driver, directly causing a large price drop.
Strong Q2 earnings and dividend hike Tradeweb reported 9% revenue growth to $558.9 million, net income up 17.8%, and a 54.4% adjusted EBITDA margin. Average daily volume rose 18.2% to $3.0 trillion, with records in rates futures and credit. The company raised its dividend by 16.7% and reaffirmed full-year guidance.
This shows underlying business strength and supports the bull case despite the revenue miss.
Expanding into blockchain and onchain finance Tradeweb facilitated a real-time onchain Treasury trade with Franklin Templeton and Virtu, and began providing institutional bond pricing to the Pyth Network for digital applications. These moves position Tradeweb at the forefront of tokenization and programmable finance, potentially opening new revenue streams.
This highlights Tradeweb's technological innovation and long-term growth potential beyond traditional markets.
CEO touts AI agents as next frontier CEO Billy Hult said AI agents are revolutionizing bond trading, with agent-to-agent trading as the end state. He noted Tradeweb's focus on AI, machine learning, and tokenization, while emphasizing cybersecurity. This reinforces Tradeweb's leadership in trading technology and could attract forward-looking investors.
This underscores management's strategic vision and Tradeweb's competitive edge in AI-driven trading.

4 Jul – 31 Jul 2026

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Tradeweb's Q2 revenue miss and blockchain data push shape mixed outlook

Q2 revenue miss triggers sharp sell-off Tradeweb's Q2 revenue of $558.9 million fell just short of the $559.2 million consensus, sending shares down 9.9% on July 31. While earnings per share beat expectations, the top-line miss and slowing growth disappointed investors, pushing the stock 32.5% below its 52-week high.
This is the most immediate and significant negative driver, directly causing a large price drop.
Strong Q2 earnings and dividend hike Tradeweb reported 9% revenue growth to $558.9 million, net income up 17.8%, and a 54.4% adjusted EBITDA margin. Average daily volume rose 18.2% to $3.0 trillion, with records in rates futures and credit. The company raised its dividend by 16.7% and reaffirmed full-year guidance.
This shows underlying business strength and supports the bull case despite the revenue miss.
Expanding into blockchain and onchain finance Tradeweb facilitated a real-time onchain Treasury trade with Franklin Templeton and Virtu, and began providing institutional bond pricing to the Pyth Network for digital applications. These moves position Tradeweb at the forefront of tokenization and programmable finance, potentially opening new revenue streams.
This highlights Tradeweb's technological innovation and long-term growth potential beyond traditional markets.
CEO touts AI agents as next frontier CEO Billy Hult said AI agents are revolutionizing bond trading, with agent-to-agent trading as the end state. He noted Tradeweb's focus on AI, machine learning, and tokenization, while emphasizing cybersecurity. This reinforces Tradeweb's leadership in trading technology and could attract forward-looking investors.
This underscores management's strategic vision and Tradeweb's competitive edge in AI-driven trading.