FactSet is one of the main data providers for banks, asset managers, and hedge funds. It aggregates information from many sources into a single platform: company financials, earnings estimates, ownership, supply chain relationships, news, transcripts, and market prices. Analysts use it to screen companies, build models, check ownership, and prepare reports, and portfolio managers use its analytics to measure risk and performance.
Delivery options range from the FactSet Workstation, an interface with analytics and charting, to data feeds and APIs that supply data to a firm’s own systems, and add-ins for Excel. Generative AI features let users search and summarize documents such as earnings calls and filings in natural language, and the company offers tools to connect its data to AI applications and agents. It also provides content for wealth managers and corporate users.
FactSet is sold by subscription to institutions, with pricing based on users and data sets, and it’s less expensive than Bloomberg’s Terminal for many users. It’s not for casual investors. Competitors include Bloomberg, S&P Capital IQ, LSEG Workspace, Morningstar, and AlphaSense. As with all AI-generated financial summaries, numbers should be verified in source data. FactSet suits professional investors and analysts.