Recurring series

What's Powering Your Services Recap

Finvaulta tracks 4 editions of What's Powering Your Services Recap from Goldman Sachs, published between August 13, 2026 and October 2, 2026. Each edition is summarized on its own page.

Latest edition · October 2, 2026

Americas Business & Information Services What's Powering Your Services Recap 10 2 26

Goldman Sachs recaps weekly developments across Americas Business & Information Services, highlighting elevated regulatory and market-share risk for FICO and credit bureaus following the FHFA's unified pricing grid decision. The team also highlights subdued September temp staffing penetration, rising mortgage rates above 7%, and mixed F4Q earnings from FactSet.

In this weekly recap, Goldman Sachs examines the ramifications of the FHFA moving to a single LLPA pricing grid for FICO Classic and VantageScore 4.0, which creates near-term FICO share risk, though the subsequent approval of FICO's Mortgage Direct License Program (DLP) provides offset potential via direct-to-reseller distribution and performance-based pricing. Macro trends were highlighted by 30-year mortgage rates ticking up to 7.3% and temp staffing penetration dipping to 1.56%, sustaining a cautious view on Robert Half (RHI). Additionally, FactSet posted mixed F4Q results with softer F2027 guidance, and consumer credit data showed headline delinquency improvements driven primarily by prime borrowers.

Read the latest edition in full

Key takeaways from the latest edition

1.FHFA's implementation of a unified LLPA pricing grid between FICO Classic and VantageScore 4.0 creates near-term market share risk for FICO and uncertainty for credit bureaus, though partly offset by approval of FICO's Mortgage Direct License Program (DLP).
2.US temp staffing penetration fell to 1.56%, near a six-year low, reinforcing Goldman Sachs' cautious stance on white-collar exposed staffing agencies like Robert Half (RHI) as AI creates structural disintermediation.
3.FactSet delivered mixed F4Q results beating consensus EPS and revenue, but issued below-consensus F2027 EPS guidance alongside expectations of moderating organic ASV growth amid rising AI data competition.

What this series covers

Price Changes as of 10/1/26
Valuation Multiples as of 10/1/26
Top Inbounds
Relevant Macro Developments
Business & Information Services News Flow
GS Business & Information Services Research This Week
Chart of the Week
Upcoming Events
Upcoming GS Conferences
CY2026 Consensus EPS Estimate Revisions YTD
NTM P/E and NTM EV/EBITDA Trends
Business & Information Services Trading and Operating Comps

Edition archive

Series at a glance

Editions tracked: 4
First edition: August 13, 2026
Latest edition: October 2, 2026

All Goldman Sachs research

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