The generating series of descendent invariants of stable pairs on 3-folds is conjectured to be rational and to satisfy a symmetry. We prove this conjecture for Fano 3-folds. We utilize the same path of stability conditions that Toda used in his proof of the Calabi–Yau version of the conjecture, relating stable pairs and invariants, and work of the two authors that allows an extension of Joyce’s descendent wall-crossing formula to non-standard hearts of . We use Ehrhart theory to deal with the combinatorics coming out of the wall-crossing formula. Furthermore, we specialize the wall-crossing formula to primary insertions and prove a strong rationality result predicted by the Pandharipande–Thomas/Gopakumar–Vafa correspondence.

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