FactSet Research Systems Stock FDS
FactSet Research Systems stock (FDS): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 09/2026, quarterly reporting. Stock analysis by NadirAlpha. FactSet Research Systems stock (FDS): listed on NYSE, index S&P 500, WKN 901629. NadirAlpha has evaluated 46 original documents, cross-checked every figure automatically and linked each to its source; sources as of 09/2026. Revenue Q4 FY2026 (Jun to Aug 2026): USD 635 million (+6% year on year). Latest reading: New market, Revenue accelerating.
strategy: New market Revenue accelerating ◦
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Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology
AI research · This page works as a source-backed data basis for further research with AI assistants such as Claude; every figure remains verifiable via the source links.
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FactSet Research Systems Current Status
Summary of the most recent reporting period of FactSet Research Systems (Q4 FY2026): core figures, drivers and management statements, every figure with a source number. NadirAlpha methodology
Assessment by NadirAlpha, as of Q4 FY2026 (Jun to Aug 2026).
In Q4 FY2026, FactSet reported GAAP revenues of 634.7M, representing year-over-year growth of 6.3%, with organic revenues up 7.1% 30. Adjusted diluted EPS reached 4.52, up 11.6% from 4.05 in the prior year period, marking the 30th consecutive fiscal year of adjusted diluted EPS growth 30. Full-year GAAP revenues of –M extended FactSet's streak to 47 consecutive years of revenue growth 30. FactSet returned $808 million to shareholders during fiscal 2026 and declared its twenty-seventh consecutive annual dividend increase 30.
Management commentary on the FY2026 results (8-K-EX99.1, 2026-09-30):
“FactSet delivered strong results, highlighted by a record increase in organic ASV for both the fourth quarter and fiscal year with continued momentum across our AI and data solutions. During the year, we accelerated innovation, strengthened commercial execution, and improved productivity across the organization. As demand for trusted financial intelligence continues to grow, FactSet's high-quality data, embedded workflows, service excellence, and deep client relationships position us to drive sustainable growth and long-term shareholder value.” Sanoke Viswanathan, CEO 30
Revenue · 2026-Q4635$m+6.3 % vs. 2025-Q4
Net profit · 2026-Q4121$m−21.2 % vs. 2025-Q4
EPS · 2026-Q43.35$−16.2 % vs. 2025-Q4
Revenue trend
Guidance
For FY2027, FactSet Research Systems guides Operating margin 31 to 32%; Organic ASV growth 5 to 6.5% (initiated). 30
ProfitabilityQ4 FY2026 GAAP operating income was 156.6M and adjusted operating income was 209.4M 130. GAAP net income for the quarter was 121.1M 130. Net cash provided by operating activities in Q4 was 204.7M; for full fiscal year 2026, free cash flow was $707.5 million, up 14.6% year over year 30.
LeverageAt the end of Q4 FY2026, cash stood at 233.3M and net debt at 1,136.7M; no LTM Net-Debt/EBITDA ratio is stated in the available sources 130. Net debt was substantially lower than the 1,101.6M reported at the end of Q3 FY2026, reflecting operating cash generation and capital activity during the year 130. During Q4, FactSet repurchased 552,064 shares for $138.0 million at an average price of $249.90 per share 30.
RecurringOrganic ASV reached $2,568.2 million at the end of Q4 FY2026, an increase of $168.2 million or 7.0% year over year 30. Annual ASV retention remained above 95%, indicating broad retention within the subscription base 30. During Q4, the average renewal contract length increased by approximately 30%, indicating clients are committing to longer subscription terms 30.
Management viewAI solutions ASV added during fiscal 2026 more than doubled year over year, reflecting expanding client adoption of FactSet's artificial intelligence product offerings 30.
ChangeGAAP diluted EPS in Q4 FY2026 was 3.35 130, lower than 4.00 in the prior year period 30. Full-year GAAP operating income of –M was lower than 748.3M in fiscal 2025 130. Full-year GAAP net income of –M was also lower than 597M in the prior fiscal year 130.
Risks (current)A material weakness in IT general controls over revenues, accounts receivable, and deferred revenues has been identified, with remediation efforts ongoing and no certain completion timeline 23 27. A class action lawsuit related to the CGS acquisition remains pending, with litigation outcomes described as difficult to predict 23. Tax audits in multiple jurisdictions are ongoing; a sales tax dispute with the Commonwealth of Massachusetts was resolved for approximately $66.2 million in November 2024 23.
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FactSet Research Systems Stock: Key Figures ($m)
Revenue, margin, earnings and EPS of FactSet Research Systems per fiscal year, half-year and quarter in $m, as of Q4 FY2026, as reported in the filing; restatements show the most recent filing version. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue ($m) · annual basis, as reported
Net income ($m) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($m) · annual basis, as reported
Revenue ($m) · quarterly basis, as reported
Net income ($m) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($m) · quarterly basis, as reported
Cash ($m) · annual basis, as reported
Debt ($m) · annual basis, as reported
Net Debt ($m) · annual basis, as reported
Capex ($m) · annual basis, as reported
FCF ($m) · annual basis, as reported
D&A ($m) · annual basis, as reported
Cash ($m) · quarterly basis, as reported
Debt ($m) · quarterly basis, as reported
Net Debt ($m) · quarterly basis, as reported
Capex ($m) · quarterly basis, as reported
FCF ($m) · quarterly basis, as reported
D&A ($m) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2016 is on record.
Fiscal years
Amounts in $m · EPS in $ per share · as reported
| Period | Calendar quarter | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | EBITDA (adj.) | OCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | Q3/2024–Q3/2025 | 2,321.7 | 748.3 | 843.43 | 597 | 15.55 | 16.98 | 934.97 | 726.3 | 123 |
| FY2024 | Q3/2023–Q3/2024 | 2,203.1 | 701.3 | 832.65 | 537.1 | 13.91 | 16.45 | 847.54 | 700.3 | 123 |
| FY2023 | Q3/2022–Q3/2023 | 2,085.5 | 629.2 | 754.1 | 468.2 | 12.04 | 14.65 | 776.62 | 645.6 | 115 |
Quarters
Amounts in $m · EPS in $ per share · as reported
| Period | Calendar quarter | Published | Revenue | Op. income | Op. income (adj.) | Net income | EPS ($) | EPS adj. ($) | EBITDA (adj.) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q4* | Q2–Q3/2026 | 2026-09-30 | 634.7 | 156.6 | 209.4 | 121.1 | 3.35*≈ | 4.52 | 209.2 | – | 233.3 | 1,136.7 | 130 |
| 2026-Q3* | Q1–Q2/2026 | 2026-07-01 | 622.9 | 166.3 | 211.8 | 126.7 | 3.50 | 4.53 | 220.2 | 254 | 288.1 | 1,101.6 | 129 |
| 2026-Q2* | Q4/2025–Q1/2026 | 2026-03-31 | 611 | 185 | 214.1 | 133.1 | 3.59 | 4.46 | 233.2 | 185.7 | 268.3 | 1,100.9~ | 26 |
| 2026-Q1* | Q3–Q4/2025 | 2025-12-18 | 607.6 | 192.1 | 220.1 | 152.6 | 4.06 | 4.51 | 248.8 | 90.4 | 275.4 | 1,093.3~ | 24 |
| 2025-Q4* | Q2–Q3/2025 | 2025-09-18 | 596.9 | 177.3 | 201.7 | 153.6 | 4.00*≈ | 4.05 | 244.6 | 178.1 | 337.7 | 1,030.6 | 122 |
| 2025-Q3* | Q1–Q2/2025 | 2025-06-23 | 585.5 | 194.2 | 215.3 | 148.5 | 3.87 | 4.27 | 235.9 | 228.6 | 356.4 | 1,073.8 | 20 |
| 2025-Q2* | Q4/2024–Q1/2025 | 2025-03-20 | 570.7 | 185.5 | 212.7 | 144.9 | 3.76 | 4.28 | 224.6 | 150.2 | 278.5 | 1,193.6 | 18 |
| 2025-Q1* | Q3–Q4/2024 | 2024-12-19 | 568.7 | 191.3 | 213.8 | 150 | 3.89 | 4.37 | 229.9 | 60.5 | 289.2 | 1,069.9 | 16 |
| 2024-Q4* | Q2–Q3/2024 | 2024-09-19 | 562.2 | 127.9 | 201.4 | 89.5 | 2.32*≈ | 3.74 | 170.5 | 137.2 | 423 | 943 | 114 |
| 2024-Q3* | Q1–Q2/2024 | 2024-06-21 | 552.7 | 202.5 | 218 | 158.1 | 4.09 | 4.37 | 239.9 | 216.9 | 453.1 | 974.6 | 12 |
| 2024-Q2* | Q4/2023–Q1/2024 | 2024-03-21 | 545.9 | 181.9 | 209.3 | 140.9 | 3.65 | 4.22 | 218.1 | 121.9 | 381.7 | 1,107.8~ | 10 |
| 2024-Q1* | Q3–Q4/2023 | 2023-12-19 | 542.2 | 189 | 204 | 148.6 | 3.84 | 4.12 | – | 138.7 | 411.9 | 1,139.3~ | 108 |
| 2023-Q4* | Q2–Q3/2023 | 2023-09-21 | 535.8 | 116.1 | 179.1 | 65.1 | 1.67*≈ | 3.02 | 171.2 | – | 425.4 | 1,187.3 | 6 |
| 2023-Q3* | Q1–Q2/2023 | 2023-06-22 | 529.8 | 172 | 190.9 | 134.7 | 3.46 | 3.79 | 205.3 | 192.6 | 486.6 | 1,187.6~ | 104 |
| 2023-Q2* | Q4/2022–Q1/2023 | 2023-03-23 | 515.1 | 169.2 | 190.7 | 131.6 | 3.38 | 3.80 | 199.7 | 147.2 | 445.3 | 1,290.3 | 102 |
| 2023-Q1* | Q3–Q4/2022 | 2023-01-05 | 504.8 | 171.9 | 193.4 | 136.8 | 3.52 | 3.99 | 200.42 | 88.7 | 437.1 | 1,422 | 101 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
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FactSet Research Systems Balance Sheet & Cash Flow ($m)
Point-in-time balance sheet items of FactSet Research Systems (cash, financial debt) and cash flow items per fiscal year, half-year and quarter, derived values with their formula in the popover. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology
Fiscal years
Amounts in $m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| FY2026 | Q3/2025–Q3/2026 | 2026-09-30 | 233.3 | 1,370 | 1,136.7 | 180.8 | 822.2 | – | – | 130 |
| FY2025 | Q3/2024–Q3/2025 | 2025-09-18 | 337.7 | 1,368.3 | 1,030.6 | 157.7 | 726.3 | 108.8 | 617.5 | 22 |
| FY2024 | Q3/2023–Q3/2024 | 2024-09-19 | 423 | 1,366 | 943 | 125.2 | 700.3 | 85.7 | 614.7 | 14 |
| FY2023 | Q3/2022–Q3/2023 | 2023-09-21 | 425.4 | 1,612.7 | 1,187.3 | 105.4 | 645.6 | 60.8 | 584.8 | 6 |
Quarters
Amounts in $m · as reported
| Period | Calendar quarter | Published | Cash | Debt | Net Debt | D&A | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-Q4 | Q2–Q3/2026 | 2026-09-30 | 233.3 | 1,370 | 1,136.7 | 47.1 | 204.7 | – | – | 130 |
| 2026-Q3 | Q1–Q2/2026 | 2026-07-01 | 288.1 | 1,389.7 | 1,101.6 | 45.9 | 284.5 | 30.5 | 254 | 129 |
| 2026-Q2 | Q4/2025–Q1/2026 | 2026-03-31 | 268.3 | 1,369.2~ | 1,100.9~ | 43.7 | 211.7 | 26 | 185.7 | 26 |
| 2026-Q1 | Q3–Q4/2025 | 2025-12-18 | 275.4 | 1,368.7~ | 1,093.3~ | 44.1 | 121.3 | 30.8 | 90.4 | 24 |
| 2025-Q4 | Q2–Q3/2025 | 2025-09-18 | 337.7 | 1,368.3 | 1,030.6 | 42.7 | 212.1 | 34 | 178.1 | 122 |
| 2025-Q3 | Q1–Q2/2025 | 2025-06-23 | 356.4 | 1,430.2 | 1,073.8 | 40.8 | 253.8 | 25.2 | 228.6 | 20 |
| 2025-Q2 | Q4/2024–Q1/2025 | 2025-03-20 | 278.5 | 1,472.2 | 1,193.6 | 38.4 | 174 | 23.7 | 150.2 | 18 |
| 2025-Q1 | Q3–Q4/2024 | 2024-12-19 | 289.2 | 1,359.1 | 1,069.9 | 35.7 | 86.4 | 25.9 | 60.5 | 16 |
| 2024-Q4 | Q2–Q3/2024 | 2024-09-19 | 423 | 1,366 | 943 | 34 | 163.2 | 26 | 137.2 | 114 |
| 2024-Q3 | Q1–Q2/2024 | 2024-06-21 | 453.1 | 1,427.8 | 974.6 | 32.5 | 238.2 | 21.3 | 216.9 | 12 |
| 2024-Q2 | Q4/2023–Q1/2024 | 2024-03-21 | 381.7 | 1,489.5~ | 1,107.8~ | 31.6 | 143.8 | 21.9 | 121.9 | 10 |
| 2024-Q1 | Q3–Q4/2023 | 2023-12-19 | 411.9 | 1,551.1~ | 1,139.3~ | 27.1 | 155.1 | 16.5 | 138.7 | 108 |
| 2023-Q4 | Q2–Q3/2023 | 2023-09-21 | 425.4 | 1,612.7 | 1,187.3 | 26.7 | 155.7 | – | – | 6 |
| 2023-Q3 | Q1–Q2/2023 | 2023-06-22 | 486.6 | 1,674.2~ | 1,187.6~ | 26.5 | 218.6 | 26 | 192.6 | 104 |
| 2023-Q2 | Q4/2022–Q1/2023 | 2023-03-23 | 445.3 | 1,735.6 | 1,290.3 | 26.2 | 164.7 | 17.5 | 147.2 | 102 |
| 2023-Q1 | Q3–Q4/2022 | 2023-01-05 | 437.1 | 1,859.1 | 1,422 | 26 | 106.6 | 18 | 88.7 | 101 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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FactSet Research Systems Guidance Tracking (latest per metric/period · 14/26)
All forecasts (guidance) of the FactSet Research Systems management and their later outcome: per metric and period the most recent statement applies, the status is checked against the reported actuals. NadirAlpha methodology
Actuals: revenue in $m · EPS in $ per share · ratios in %
Direction: confirmedcutinitiatedraised Verdict: beatin linemisspending
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2027 | 2026-09-30 | Operating margin | 31–32% | – | – | 30 | |
| FY2027 | 2026-09-30 | Organic ASV growth | 5–6.5% | – | 30 | ||
| FY2026 | 2026-03-31 | Revenue | 2,450–2,470 | – | 29 | ||
| FY2026 | 2026-03-31 | EPS (GAAP) | 14.85–15.35 | – | 26 | ||
| FY2026 | 2026-03-31 | EPS (non-GAAP) | 17.25–17.75 | – | 29 | ||
| FY2026 | 2026-03-31 | Organic ASV growth | 130–160 | – | 26 | ||
| FY2026 | 2025-09-18 | Tax rate | 18–19% | – | 24 | ||
| FY2026 | 2025-09-18 | Operating margin | 34–35.5% | – | 29 | ||
| FY2025 | 2025-06-23 | Organic ASV | 100–130 | – | – | 20 | |
| FY2025 | 2025-03-20 | Revenue | 2,305–2,325 | 2,321.7 | 20 | ||
| FY2025 | 2025-03-20 | EPS (GAAP) | 14.8–15.4 | 15.55 | 20 | ||
| FY2025 | 2025-03-20 | Operating margin | 32–33% | 32.2 | 20 | ||
| FY2025 | 2025-03-20 | Organic ASV growth | 100–130 | – | – | 18 | |
| FY2025 | 2024-09-19 | EPS (non-GAAP) | 16.8–17.4 | 16.98 | 20 | ||
| FY2024 | 2024-06-21 | Revenue | 2,180–2,190 | 2,203.1 | 12 | ||
| FY2024 | 2024-06-21 | EPS (GAAP) | 14.55–14.95 | 13.91 | 12 | ||
| FY2024 | 2024-06-21 | EPS (non-GAAP) | 16–16.4 | 16.45 | 12 | ||
| FY2024 | 2024-06-21 | Operating margin | 37.0%-37.5% | 31.8 | – | 12 | |
| FY2024 | 2024-06-21 | Organic ASV plus professional services growth | 85–120 | – | – | 12 | |
| FY2024 | 2023-12-19 | Revenue growth (YoY) | 5.5–6% | 5.6 | 8 | ||
| FY2024 | 2023-09-21 | Tax rate | 17–18% | – | – | 6 | |
| FY2023 | 2023-06-22 | Revenue | 2,100 | 2,085.5 | 4 | ||
| FY2023 | 2023-06-22 | EPS (non-GAAP) | 14.75–15.15 | 14.65 | 4 | ||
| FY2023 | 2023-06-22 | Operating margin | 35–36% | 30.2 | 4 | ||
| FY2023 | 2023-06-22 | Organic ASV plus professional services growth | 145–175 | – | – | 4 | |
| FY2023 | 2023-03-23 | Organic ASV plus professional services | 145–175 | – | – | 2 |
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FactSet Research Systems Stock: Price & Chart
Price history of FactSet Research Systems stock (FDS) as a TradingView chart, loaded only after a click, alongside the trend of the key figures from the tables. NadirAlpha methodology
Daily candles with news and earnings markers. Loads only on click.
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FactSet Research Systems Event Timeline
What happened at FactSet Research Systems since 2023: events from the filings, grouped by quarter, with the source date and a clickable source number. NadirAlpha methodology
Overview: one dot per event · click jumps to the period
2026 · 10 events
Revenue accelerating ◦ 2026-09-30
Q4 GAAP revenues grew 6.3% to 634.7 million; organic revenues up 7.1% year over year 30
Q4 GAAP revenues grew 6.3% to 634.7 million; organic revenues up 7.1% year over year 30
“FactSet's strong third quarter results reflect solid execution against our strategic priorities and continued demand for our differentiated content, analytics, and workflow solutions. Clients are choosing FactSet to power critical workflows and informed decision-making, driving a robust pipeline and accelerating enterprise contracts. Across regions and firm types, clients are expanding their relationships with FactSet and actively adopting our AI solutions, reinforcing our confidence in FactSet's sustained growth and long-term value.” Sanoke Viswanathan, CEO 29
Revenue accelerating ◦ 2026-07-01
GAAP revenues grew 6.4% to 622.9 million; organic revenues increased 7.0% year over year 29
GAAP revenues grew 6.4% to 622.9 million; organic revenues increased 7.0% year over year 29
Margin compressing 2026-07-01
GAAP operating margin decreased to 26.7% from 33.2% in the prior year, primarily due to higher operating expenses including CEO compensation costs and restructuring charges 28
GAAP operating margin decreased to 26.7% from 33.2% in the prior year, primarily due to higher operating expenses including CEO compensation costs and restructuring charges 28
New market 2026-07-01
More than 90% of FactSet's Top 50 clients now use four or more AI products; new partnerships announced with Google Cloud, Finster AI, and TIFIN.AI 29
More than 90% of FactSet's Top 50 clients now use four or more AI products; new partnerships announced with Google Cloud, Finster AI, and TIFIN.AI 29
“FactSet delivered another quarter of accelerating growth, driven by the strength of our data, the depth of our workflow integration, and the trust our clients place in us to run their most critical processes. In light of continued momentum across the business, we are raising our growth outlook for the year and remain focused on disciplined execution and targeted investments to expand our opportunity and strengthen operating leverage over time.” Sanoke Viswanathan, Chief Executive Officer 26
Revenue accelerating ◦ 2026-03-31
GAAP revenues increased 7.1% to 611 million; organic revenues grew 6.8% year over year 26
GAAP revenues increased 7.1% to 611 million; organic revenues grew 6.8% year over year 26
Margin compressing 2026-03-31
Adjusted operating margin decreased to 35.0% from 37.3% in the prior year, mainly due to higher compensation and technology-related expenses 26
Adjusted operating margin decreased to 35.0% from 37.3% in the prior year, mainly due to higher compensation and technology-related expenses 26
Guidance raised 2026-03-31
FY2026 organic ASV growth guidance raised to $130-$160 million from $100-$150 million; GAAP revenue and adjusted diluted EPS guidance also raised 26
FY2026 organic ASV growth guidance raised to $130-$160 million from $100-$150 million; GAAP revenue and adjusted diluted EPS guidance also raised 26
“FactSet's strong start to the year underscores the quality of our data and products and the strategic role our platform and analytical services play across the financial ecosystem. We see significant opportunity ahead and are executing with urgency to deliver tangible results, with three clear priorities: driving commercial excellence, increasing productivity, and advancing our long-term strategy.” Sanoke Viswanathan, Chief Executive Officer 24
Revenue accelerating ◦ 2025-12-18
GAAP revenues increased 6.9% to 607.6 million; organic revenues grew 6.0% year over year 24
GAAP revenues increased 6.9% to 607.6 million; organic revenues grew 6.0% year over year 24
Margin compressing 2025-12-18
Adjusted operating margin decreased to 36.2% from 37.6% year over year, mainly due to higher technology and third-party content expenses 24
Adjusted operating margin decreased to 36.2% from 37.6% year over year, mainly due to higher technology and third-party content expenses 24
2025 · 12 events
“FactSet's strong fourth quarter performance reflects the power of our differentiated data, open platform, and client-centric culture. We are at a strategic inflection point, where AI and data-driven innovation are reshaping workflows across financial markets. FactSet has the talent, technology, and data capabilities to lead this transformation. We will continue to build on our foundation of deep and trusted client relationships and disciplined execution while investing to drive sustainable, long-term value for clients and stockholders.” Sanoke Viswanathan, Chief Executive Officer 22
Revenue accelerating ◦ 2025-09-18
GAAP revenues grew 6.2% to 596.9 million, driven by institutional buy-side and wealth clients; organic ASV rose 5.7% year over year to $2,370.9 million 22
GAAP revenues grew 6.2% to 596.9 million, driven by institutional buy-side and wealth clients; organic ASV rose 5.7% year over year to $2,370.9 million 22
Margin expanding 2025-09-18
GAAP operating margin expanded to 29.7% from 22.7% prior year, driven by revenue growth and lapping of prior-year Massachusetts sales tax dispute charges that weighed on the year-ago comparison 22
GAAP operating margin expanded to 29.7% from 22.7% prior year, driven by revenue growth and lapping of prior-year Massachusetts sales tax dispute charges that weighed on the year-ago comparison 22
Divestiture 2025-09-18
Completed divestiture of RMS Partners business to BlueMatrix on August 29, 2025 22
Completed divestiture of RMS Partners business to BlueMatrix on August 29, 2025 22
“We are pleased with our third quarter performance, which reflects the execution of our enterprise solution strategy. With a healthy pipeline and increased momentum, we are well-positioned to finish the fiscal year with strength. As FactSet prepares for its next chapter of leadership, I'm proud of the solid foundation we've established, built on innovation, client trust, and industry-leading data and workflow solutions. This platform gives me great conviction in the Company's continued success.” Phil Snow, CEO of FactSet 20
Operational disruption 2025-07-03
Material weakness in internal control over financial reporting identified, relating to IT general controls supporting revenue, accounts receivable, and deferred revenue processes 21
Material weakness in internal control over financial reporting identified, relating to IT general controls supporting revenue, accounts receivable, and deferred revenue processes 21
earnings 2025-06-23
GAAP diluted EPS decreased 5.4% to 3.87 and net income fell to 148.5 million from $158.1 million in the prior-year quarter, driven by higher employee compensation costs and intangible asset amortization 20 21
GAAP diluted EPS decreased 5.4% to 3.87 and net income fell to 148.5 million from $158.1 million in the prior-year quarter, driven by higher employee compensation costs and intangible asset amortization 20 21
Strategic pivot 2025-06-23
Sanoke Viswanathan appointed CEO effective early September 2025, succeeding Phil Snow who will remain a senior advisor through end of calendar year 20
Sanoke Viswanathan appointed CEO effective early September 2025, succeeding Phil Snow who will remain a senior advisor through end of calendar year 20
“With increased visibility into the remainder of the fiscal year, we are reaffirming the 5% midpoint of our organic ASV growth guidance and narrowing the range of anticipated top-line outcomes. The strength of our full-year pipeline and constructive dialogue with our clients position our business positively for growth acceleration in the second half of the year.” Phil Snow, Chief Executive Officer 18
Acquisition 2025-04-04
Completed acquisition of LiquidityBook for $243.8 million net of cash in February 2025, adding cloud-native trading solutions and OMS and IBOR capabilities 19
Completed acquisition of LiquidityBook for $243.8 million net of cash in February 2025, adding cloud-native trading solutions and OMS and IBOR capabilities 19
Margin compressing 2025-03-20
GAAP operating margin decreased to 32.5% from 33.3% and adjusted operating margin decreased to 37.3% from 38.3%, primarily due to acquisition-related professional fees and higher technology expenses 18
GAAP operating margin decreased to 32.5% from 33.3% and adjusted operating margin decreased to 37.3% from 38.3%, primarily due to acquisition-related professional fees and higher technology expenses 18
Guidance confirmed 2025-03-20
Fiscal 2025 guidance updated: organic ASV growth range narrowed to $100-130 million, GAAP revenues $2,305-2,325 million, adjusted operating margin 36-37%, adjusted diluted EPS $16.80-17.40 18
Fiscal 2025 guidance updated: organic ASV growth range narrowed to $100-130 million, GAAP revenues $2,305-2,325 million, adjusted operating margin 36-37%, adjusted diluted EPS $16.80-17.40 18
“Clients increasingly look to us as a partner of choice to bring greater productivity and unlock efficiencies across their enterprise workflows. As we enter our second quarter, we have a robust pipeline fueled by the strength of our diverse portfolio of innovative solutions that deliver value and resonate with our clients.” Phil Snow, Chief Executive Officer 16
Acquisition 2025-01-08
Completed acquisition of Irwin (Platform Group Limited) for $120.2 million net of cash, expanding investor relations and capital markets platform capabilities 17
Completed acquisition of Irwin (Platform Group Limited) for $120.2 million net of cash, expanding investor relations and capital markets platform capabilities 17
Revenue accelerating ◦ 2024-12-19
GAAP revenues grew 4.9% to 568.7 million with organic revenue growth of 4.7%; organic ASV rose 4.5% to $2,258.8 million year over year 16
GAAP revenues grew 4.9% to 568.7 million with organic revenue growth of 4.7%; organic ASV rose 4.5% to $2,258.8 million year over year 16
Margin compressing 2024-12-19
GAAP operating margin decreased to 33.6% from 34.9% year over year due to higher amortization of intangible assets and professional fees 16
GAAP operating margin decreased to 33.6% from 34.9% year over year due to higher amortization of intangible assets and professional fees 16
2024 · 11 events
“During a time of technological change and an external environment marked by both uncertainty and opportunity, FactSet's open platform strategy is resonating with clients seeking growth and efficiency. Our commitment to innovation ensures our comprehensive data and analytical tools are fully available to our clients, empowering them to achieve their goals.” Phil Snow, Chief Executive Officer 14
Acquisition 2024-10-29
Agreement to acquire Platform Group Limited (Irwin) for $125.0 million on a cash-free, debt-free basis 15
Agreement to acquire Platform Group Limited (Irwin) for $125.0 million on a cash-free, debt-free basis 15
Operational disruption 2024-09-19
FactSet charged approximately $54 million related to a Massachusetts sales tax dispute in Q4, bringing total charge including prior years to approximately $64 million 14
FactSet charged approximately $54 million related to a Massachusetts sales tax dispute in Q4, bringing total charge including prior years to approximately $64 million 14
Margin expanding 2024-09-19
Full-year GAAP operating margin increased to 31.8% from 30.2%; adjusted operating margin improved to 37.8% from 36.2% 14
Full-year GAAP operating margin increased to 31.8% from 30.2%; adjusted operating margin improved to 37.8% from 36.2% 14
“FactSet has a long history of providing exceptional value to our clients. We maintain an optimistic outlook as we further invest in our platform and harness the power of generative AI to accelerate our clients' efficiency and decrease their total cost of ownership.” Phil Snow, CEO 12
Revenue decelerating ◦ 2024-06-21
Q3 GAAP revenues increased 4.3% to USD 552.7 million with organic growth of 4.5%, decelerating from Q2's 6.0% growth 12
Q3 GAAP revenues increased 4.3% to USD 552.7 million with organic growth of 4.5%, decelerating from Q2's 6.0% growth 12
Margin expanding 2024-06-21
GAAP operating margin expanded 420 bps and adjusted operating margin expanded 340 bps year over year 12
GAAP operating margin expanded 420 bps and adjusted operating margin expanded 340 bps year over year 12
Guidance cut 2024-06-21
Fiscal 2024 organic ASV plus professional services guidance reduced from $110-150 million to $85-120 million 12
Fiscal 2024 organic ASV plus professional services guidance reduced from $110-150 million to $85-120 million 12
“FactSet is an anchor partner for our clients in all market conditions. We remain optimistic about our growth potential as we continue to invest in our platform and leverage the power of generative AI to help our clients uncover new ideas and lower their total cost of ownership.” Phil Snow, Chief Executive Officer 10
Revenue decelerating ◦ 2024-03-21
Q2 GAAP revenues increased 6.0% to USD 545.9 million, with organic revenue growth of 6.0%, decelerating from Q1's 7.4% growth 10
Q2 GAAP revenues increased 6.0% to USD 545.9 million, with organic revenue growth of 6.0%, decelerating from Q1's 7.4% growth 10
Guidance confirmed 2024-03-21
Fiscal 2024 guidance reaffirmed; company anticipating finishing at lower end of guidance range for ASV growth and GAAP revenues 10
Fiscal 2024 guidance reaffirmed; company anticipating finishing at lower end of guidance range for ASV growth and GAAP revenues 10
Strategic pivot 2024-03-21
Approximately $11 million restructuring charge taken for personnel reductions, expected to generate $25-$30 million in annualized cost savings 10
Approximately $11 million restructuring charge taken for personnel reductions, expected to generate $25-$30 million in annualized cost savings 10
“In an environment of continued macroeconomic uncertainty, I remain confident in the health of our business and our strategy, and I am optimistic about our ability to grow our business. We are harnessing the power of generative AI to transform our products while expanding the breadth of data and analytics on our open platform.” Phil Snow, Chief Executive Officer 8
Guidance cut 2023-12-19
Fiscal 2024 organic ASV plus professional services guidance reduced to $110-150 million from $130-175 million 8
Fiscal 2024 organic ASV plus professional services guidance reduced to $110-150 million from $130-175 million 8
New market 2023-12-19
Launched FactSet Mercury, an AI-powered large language model-based knowledge agent for junior bankers 8
Launched FactSet Mercury, an AI-powered large language model-based knowledge agent for junior bankers 8
2023 · 11 events
“During a transformative period where technology is reshaping our industry, FactSet's open platform strategy is resonating with clients seeking new sources of growth as well as increased efficiency. Our unwavering commitment to innovation is putting the full power of our vast repository of connected data and analytical capabilities at our clients' fingertips.” Phil Snow, Chief Executive Officer 6
earnings 2023-09-21
Q4 net income fell to USD 65.1 million as the effective tax rate rose to 39.9% from 10.3% in the prior-year quarter, driven by a one-time tax charge of $6.8 million, a $20.0 million provision from an ongoing review of certain tax positions, and expiring foreign tax incentives 6
Q4 net income fell to USD 65.1 million as the effective tax rate rose to 39.9% from 10.3% in the prior-year quarter, driven by a one-time tax charge of $6.8 million, a $20.0 million provision from an ongoing review of certain tax positions, and expiring foreign tax incentives 6
revenue 2023-09-21
Q4 revenues grew 7.3% to USD 535.8 million, with full-year revenues of USD 2,085.5 million marking the company's 43rd consecutive year of revenue growth 6
Q4 revenues grew 7.3% to USD 535.8 million, with full-year revenues of USD 2,085.5 million marking the company's 43rd consecutive year of revenue growth 6
Acquisition 2023-09-21
Acquired idaciti, Inc. to accelerate digital transformation of content collection infrastructure 6
Acquired idaciti, Inc. to accelerate digital transformation of content collection infrastructure 6
“We are pleased with our third-quarter results, which reflect the resiliency of our business in an uncertain environment. As technology rapidly evolves, we remain confident in our ability to innovate and capture market share as we meet the needs of our clients.” Phil Snow, Chief Executive Officer 4
Strategic pivot 2023-07-03
Announced reorganization of workflow solutions by firm type effective September 1, 2023, with Analytics & Trading becoming Institutional Buy-Side and Research & Advisory splitting into Dealmakers and Wealth segments 5
Announced reorganization of workflow solutions by firm type effective September 1, 2023, with Analytics & Trading becoming Institutional Buy-Side and Research & Advisory splitting into Dealmakers and Wealth segments 5
Revenue decelerating ◦ 2023-06-22
Q3 revenues grew 8.4% to USD 529.8 million with 8.5% organic growth, as total revenue growth moderated from prior-quarter levels following anniversary of the CGS acquisition 4
Q3 revenues grew 8.4% to USD 529.8 million with 8.5% organic growth, as total revenue growth moderated from prior-quarter levels following anniversary of the CGS acquisition 4
Guidance raised 2023-06-22
Fiscal 2023 adjusted operating margin guidance raised 100 basis points to 35%-36%; adjusted diluted EPS guidance raised to $14.75-$15.15 4
Fiscal 2023 adjusted operating margin guidance raised 100 basis points to 35%-36%; adjusted diluted EPS guidance raised to $14.75-$15.15 4
“We are pleased with our second-quarter results, reflecting the continued strength of our diverse product portfolio. Our digital platform has allowed us to successfully navigate a challenging operating environment and meet the increased demand for our data and technology. As we enter the second half of the year, we are well-positioned to deliver value to our clients and shareholders.” Phil Snow, Chief Executive Officer 2
Revenue accelerating ◦ 2023-03-23
Q2 GAAP revenues grew 19.5% to USD 515.1 million with 8.9% organic revenue growth; organic ASV plus professional services grew 9.1% to $1.9 billion 2
Q2 GAAP revenues grew 19.5% to USD 515.1 million with 8.9% organic revenue growth; organic ASV plus professional services grew 9.1% to $1.9 billion 2
Margin expanding 2023-03-23
GAAP operating margin expanded 430 basis points to 32.9%, partly reflecting reduced prior-year asset impairment charges and lower employee compensation costs as a percentage of revenue; adjusted operating margin expanded 330 basis points to 37.0% 2
GAAP operating margin expanded 430 basis points to 32.9%, partly reflecting reduced prior-year asset impairment charges and lower employee compensation costs as a percentage of revenue; adjusted operating margin expanded 330 basis points to 37.0% 2
Revenue accelerating ◦ 2023-01-05
Q1 revenues grew 18.9% to USD 504.8 million with 8.3% organic growth and 11.4% from the CGS acquisition; organic ASV plus professional services grew 8.8% 1
Q1 revenues grew 18.9% to USD 504.8 million with 8.3% organic growth and 11.4% from the CGS acquisition; organic ASV plus professional services grew 8.8% 1
Margin expanding 2023-01-05
GAAP operating margin improved to 34.1% from 28.9%, driven by revenue growth including CGS contribution; adjusted operating income increased 35.5% to USD 193.4 million 1
GAAP operating margin improved to 34.1% from 28.9%, driven by revenue growth including CGS contribution; adjusted operating income increased 35.5% to USD 193.4 million 1
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FactSet Research Systems Business Model
How FactSet Research Systems (FDS) makes its money, summarised from the filings up to Q4 FY2026, neutral and without forecast. NadirAlpha methodology
FactSet Research Systems is a global provider of integrated financial data, analytics, and workflow solutions, serving investment professionals across buy-side and sell-side institutions, wealth managers, and corporate clients. FactSet Research Systems earns revenue primarily through annual subscriptions to its data and software platforms, with Annual Subscription Value (ASV) as the principal recurring revenue metric. Client retention, ASV growth, and the breadth of data content and analytical tools offered across asset classes and geographies are central to the business model.
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FactSet Research Systems Stock: Share-Price Drivers
The drivers of FactSet Research Systems stock from the company's perspective: demand, prices, costs and capacity as the investor relations reports describe them. NadirAlpha methodology
AI-led platform expansion and workflow integration
FactSet has rolled out a dense cadence of generative-AI and platform products (Intelligent Platform initiative, Data as a Service, Internal Research Notes 2.0, Transcript Assistant, native model context protocol server, AI Doc Ingest for Cobalt) that deepen its role in client workflows and support subscription growth 16 24 26
FactSet has rolled out a dense cadence of generative-AI and platform products (Intelligent Platform initiative, Data as a Service, Internal Research Notes 2.0, Transcript Assistant, native model context protocol server, AI Doc Ingest for Cobalt) that deepen its role in client workflows and support subscription growth 16 24 26
Generative-AI and Intelligent Platform product suite
Successive launches across quarters: Intelligent Platform, DaaS and IRN 2.0 16; native model context protocol server and Amazon Quick Research integration 24; AI Doc Ingest for Cobalt 26
Successive launches across quarters: Intelligent Platform, DaaS and IRN 2.0 16; native model context protocol server and Amazon Quick Research integration 24; AI Doc Ingest for Cobalt 26
Acquisitions building out buy-side and sell-side reach
LiquidityBook and Irwin brought onto the platform 28, BondCliQ investment and integration 22, and the LogoIntern acquisition 23
LiquidityBook and Irwin brought onto the platform 28, BondCliQ investment and integration 22, and the LogoIntern acquisition 23
Strategic partnerships and distribution alliances
J.P. Morgan Securities Services partnership 16, Arcesium unified investment management offering 24, Barclays strategic agreement and Kepler Cheuvreux Aftermarket Research availability 26, plus Google Cloud, TIFIN.AI, Finster AI and Valutico partnerships 29
J.P. Morgan Securities Services partnership 16, Arcesium unified investment management offering 24, Barclays strategic agreement and Kepler Cheuvreux Aftermarket Research availability 26, plus Google Cloud, TIFIN.AI, Finster AI and Valutico partnerships 29
Geographic revenue growth across all regions
APAC, Americas and EMEA all growing, with APAC up 11.0% and Americas and EMEA up 6.7% and 6.6% respectively 30
APAC, Americas and EMEA all growing, with APAC up 11.0% and Americas and EMEA up 6.7% and 6.6% respectively 30
Revenue and adjusted earnings momentum
Quarterly revenue reached 634.7 million with adjusted operating income of 209.4 million and adjusted EPS of 4.52 130
Quarterly revenue reached 634.7 million with adjusted operating income of 209.4 million and adjusted EPS of 4.52 130
Capital return via share repurchases
Board authorized a $400 million repurchase program in June 2025 28 and an additional $600 million authorization in December 2025 28 27
Board authorized a $400 million repurchase program in June 2025 28 and an additional $600 million authorization in December 2025 28 27
GAAP operating margin pressure versus adjusted
GAAP operating income of 156.6 million sits well below adjusted operating income of 209.4 million, reflecting acquisition and integration-related items 130
GAAP operating income of 156.6 million sits well below adjusted operating income of 209.4 million, reflecting acquisition and integration-related items 130
Leverage from acquisition activity
Net debt moved up through the year, standing at 1,101.6 million at Q3 before easing to 1,136.7 million 129 130
Net debt moved up through the year, standing at 1,101.6 million at Q3 before easing to 1,136.7 million 129 130
Sector trend: Demand in financial-data and analytics is being shaped by the shift toward AI-assisted research and workflow automation, with FactSet pushing generative-AI tooling and cloud partnerships to defend and grow its subscription base 24 26. Regional revenues are rising across the Americas, EMEA and APAC, indicating broad-based demand rather than a single-market effect 30.
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FactSet Research Systems Revenue by Type (as of 2026-Q4 · USDm · 8/8)
The segments of FactSet Research Systems in the company's own definition, each row with its basis (3, 6 or 12 months), rows in grey are no longer reported separately. NadirAlpha methodology
| Segment | Since | Revenue | Growth | Source |
|---|---|---|---|---|
| Period FY2026 (12M) | ||||
| APAC | 2026-Q3 | 65.6 | 11% | 30 |
| Americas | FY2021 | 414.3 | 6.7% | 30 |
| EMEA | FY2021 | 154.8 | 6.6% | 30 |
| Period 2026-Q1 (3M) | ||||
| Asia Pacific | FY2021 | 61.9 | 7.3% | 25 |
| Period 2025-Q2 | ||||
| Buy-side | – | – | – | 18 |
| Sell-side | – | – | – | 18 |
| Period 2025-Q1 | ||||
| Buy-side clients | – | – | – | 16 |
| Sell-side clients | – | – | – | 16 |
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FactSet Research Systems Products & announcements (11/21 active+recent)
21 product announcements of FactSet Research Systems since 2023, grouped by year; active means still mentioned in the most recent reports, nothing is deleted. NadirAlpha methodology
Status: LaunchedPlanned
| Product/Line | Since | Status | Source |
|---|---|---|---|
| 2026 | |||
| Kepler Cheuvreux Aftermarket Research (AMR) availability on FactSet platform | 2026-06 | 26 | |
| AI-driven financial crime risk management integration with ComplyAdvantage | 2026-06 | 26 | |
| AI Doc Ingest for Cobalt launch | 2026-06 | 26 | |
| Native model context protocol server availability | 2026-03 | 24 | |
| IntelligentCross JumpStart launch within Portware EMS with Jefferies | 2026-03 | 24 | |
| FactSet and TD Wealth strategic relationship for retail client portals in Canada | 2026-03 | 24 | |
| Amazon Quick Research integration | 2026-03 | 24 | |
| 2025 | |||
| Pitch Creator launch | 2025-06 | 18 | |
| Internal Research Notes (IRN) 2.0 | 2025-03 | 16 | |
| Intelligent Platform initiative | 2025-03 | 16 | |
| Data as a Service (DaaS) solution | 2025-03 | 16 | |
| 2024 | |||
| Investor Day | 2024-11 | 14 | |
| FactSet AI-powered solutions suite | 2024-09 | 14 | |
| Transcript Assistant | 2024-06 | 12 | |
| Portfolio Commentary solution | 2024-06 | 12 | |
| 2023 | |||
| FactSet Mercury | 2023-12 | 8 | |
| CUSIP-based entity identifier launch by CGS | 2023-12 | 6 | |
| AI Blueprint publication | 2023-12 | 8 | |
| Coin Metrics digital assets data integration | 2023-06 | 2 | |
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FactSet Research Systems Transactions & Events (22)
Transactions of FactSet Research Systems since 2023: acquisitions, disposals, agreements and regulation, deliberately including smaller items; purchase prices only when the company names them. NadirAlpha methodology
Acquisitions · 7Partnerships/contracts · 8Divestitures/exits · 1Regulation/legislation · 1older: 4 (in the table)
Acquisitions by FactSet Research Systems
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2025 | |||
| BondCliQ investment and integration | 2025-12 | Completed | 22 |
| LiquidityBook | 2025 | Completed | 28 |
| 2024 | |||
| Irwin | 2024-11 | Completed | 28 |
| Platform Group Limited (Irwin) (2×) | 2024-10 | Completed | 15 |
| Investment in Aidentified, Inc. | 2024-06 | Completed | 12 |
| Strategic investment in Accelex | 2024-03 | Completed | 8 |
| 2023 | |||
| idaciti, Inc. acquisition | 2023-12 | Completed | 6 |
| 2022 | |||
| CUSIP Global Services acquisition | 2022-03 | Completed | 7 |
| CGS Acquisition | 2022-03 | Completed | 15 |
| 2021 | |||
| Cobalt Software acquisition | 2021-10 | Completed | 15 |
| 2020 | |||
| Truvalue Labs acquisition | 2020-11 | Completed | 7 |
| Undated | |||
| LogoIntern acquisition | – | Completed | 23 |
Divestitures and exits by FactSet Research Systems
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2025 | |||
| RMS Partners divestiture to BlueMatrix | 2025-08 | Divested | 22 |
Partnerships and contracts of FactSet Research Systems
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2026 | |||
| Valutico private capital valuation partnership | 2026-09 | Agreement | 29 |
| TIFIN.AI partnership (2×) | 2026-09 | Agreement | 29 |
| J.P. Morgan portfolio analytics partnership | 2026-09 | Agreement | 29 |
| Google Cloud partnership | 2026-09 | Agreement | 29 |
| Strategic agreement with Barclays | 2026-06 | Agreement | 26 |
| Partnership with Arcesium for unified investment management offering | 2026-03 | Agreement | 24 |
| 2025 | |||
| J.P. Morgan Securities Services partnership | 2025-03 | Agreement | 16 |
| 2023 | |||
| BMO Wealth Management partnership deployment | 2023-06 | Agreement | 2 |
Regulation and legislation at FactSet Research Systems
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| 2025 | |||
| One Big Beautiful Bill Act signed into law on July 4, 2025 | 2025-07 | Regulation | 28 |
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FactSet Research Systems Risks (52 since the annual report of 2025-10-22, 131 tracked in total)
NadirAlpha lists 52 active risks of FactSet Research Systems from the filings, the category as a coloured dot with legend, the wording as a short summary of the filing with no assessment of our own. NadirAlpha methodology
Category: FinancialLegalMarketTechnologyMacroRegulatoryCyberSupply chainOperationsGeopoliticsCompetitionoperazionalePeoplestrategie
| Risk | Category | Last reported |
|---|---|---|
| FactSet Research Systems: first mention in 10-Q quarterly report of 2025-07-03 (2025-Q3), source 21 | ||
| Two data suppliers each represented more than 10% of total data costs for nine months ended May 31, 2026. | 2026-Q3 2026-07-01 28 | |
| FactSet Research Systems: first mention in 8-K-EX99.1 earnings release of 2026-07-01 (2026-Q3), source 29 | ||
| Company has debt obligations requiring refinancing | = | |
| Forward-looking statements involve risks and uncertainties | = | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2026-07-01 (2026-Q3), source 28 | ||
| One cloud provider supplied majority of cloud computing support; back-up facilities and redundancies maintained to minimize disruption risk. | = | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2026-04-02 (2026-Q2), source 27 | ||
| One supplier provided majority of cloud computing support; maintains backup facilities | = | |
| Foreign currency translation adjustments recorded; derivative instruments for hedging in place | = | |
| Long-term debt of 1,369.2 million; interest expense of 26.4 million for six months | = | |
| Fluctuations in foreign exchange rates create volatility in consolidated results; foreign currency translation adjustment loss of $29.5 million in H1 FY2025. | = | |
| No single client represented more than 3.5% of six-month revenues | = | |
| OECD Pillar Two global minimum 15% corporate tax monitored; determined no material impact currently. | = | |
| One Big Beautiful Bill Act signed July 4, 2025 with multiple provisions through fiscal 2027; no material impact as of February 28, 2026. | = | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2026-01-05 (2026-Q1), source 25 | ||
| Material weakness in IT general controls over revenues and receivables processes | = | |
| Ongoing remediation of IT general controls through third-party advisory firm and technology solutions | = | |
| Multinational company subject to audits and adjustments from taxing authorities in multiple jurisdictions | = | |
| One data supplier represents more than 10% of data costs | = | |
| FactSet Research Systems: first mention in 10-K annual report of 2025-10-22 (FY2025), source 23 | ||
| Unauthorized access to confidential data, cyber-attacks on internal systems, failure of security measures | = | |
| Complex tax allocation methodologies across U.S. and foreign jurisdictions subject to IRS examination | = | |
| Loss of content supplier relationships or disputes over usage could increase costs and reduce product offerings | = | |
| Material weakness in IT general controls over revenue and AR processes; remediation expected in fiscal 2026 | = | |
| Material weakness in IT general controls over revenues, accounts receivable, deferred revenues; remediation ongoing through fiscal 2026 | = | |
| Class action lawsuit relating to CGS acquisition; litigation results are difficult to predict | = | |
| Sales Tax Dispute with Commonwealth of Massachusetts fully resolved November 26, 2024 after assessment notices; total charges and payments $66.2 million | = | |
| Multinational operations subject to audits by various taxing authorities; management believes ultimate outcome will not materially affect financial position | = | |
| Russia-Ukraine and Middle East conflicts could expand and impact business operations | = | |
| Economic uncertainty and downturns reduce demand from investment manager clients | = | |
| Downturns in financial markets may delay client spending and reduce future ASV growth | = | |
| Service disruptions from system failures, outages or disasters could impair ability to serve clients | = | |
| Third parties may claim infringement of intellectual property rights or infringe on FactSet IP | = | |
| Global regulatory changes including FDTA, DORA and data privacy laws increase compliance costs | = | |
| Failure to comply with applicable laws and regulations could result in claims, fines, reputational damage | = | |
| AI technologies may not be successful, present business compliance and reputational risks including unintended biases | = | |
| Intense competition may cause price reductions, loss of market share, limit growth and profitability | = | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2025-07-03 (2025-Q3), source 21 | ||
| One cloud services supplier provided majority of computing support | 2026-Q1 2026-01-05 25 | |
| $375.0 million floating rate debt exposed to SOFR fluctuations; 25 basis point change impacts annual interest expense by ~$1 million. | 2026-Q2 2026-04-02 27 | |
| No single client represented more than 3.5% of total revenues. | = | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2025-04-04 (2025-Q2), source 19 | ||
| Material weakness in IT general controls over financial reporting identified; remediation ongoing through fiscal 2026. | 2026-Q3 2026-07-01 28 | |
| 2025 Credit Agreement requires total leverage ratio of no greater than 3.75x, with increase to 4.25x available for certain material acquisitions. | 2026-Q2 2026-04-02 27 | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2025-01-08 (2025-Q1), source 17 | ||
| Material weakness in internal control over financial reporting identified; remediation efforts ongoing with uncertain completion timeline. | 2026-Q2 2026-04-02 27 | |
| FactSet Research Systems: first mention in 10-K annual report of 2024-10-29 (FY2024), source 15 | ||
| Sales Tax Dispute resolved for approximately $66.2 million; ongoing tax audits in multiple jurisdictions | FY2025 2025-10-22 23 | |
| Evolving global data privacy laws including GDPR, CCPA, and similar regulations create compliance risk | FY2025 2025-10-22 23 | |
| Open source software use may impose restrictions on commercializing products or require costly relicensing | FY2025 2025-10-22 23 | |
| FactSet Research Systems: first mention in 10-K annual report of 2023-10-27 (FY2023), source 7 | ||
| Ongoing legal proceedings and litigation arising in ordinary course of business | FY2025 2025-10-22 23 | |
| Foreign currency movements impact results | 2026-Q3 2026-07-01 29 | |
| Non-US operations involve regulatory complexities, rising labor costs, political instability risks | FY2025 2025-10-22 23 | |
| Strong competition for engineering and sales talent may limit ability to attract and retain key personnel | FY2025 2025-10-22 23 | |
| Shift from active to passive investing reduces demand for active investment management services | FY2025 2025-10-22 23 | |
| FactSet Research Systems: first mention in 8-K-EX99.1 earnings release of 2023-09-21 (2023-Q4), source 6 | ||
| Hypothetical 10% USD devaluation would decrease operating income by estimated $37 million for nine-month period. | 2026-Q3 2026-07-01 28 | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2023-04-03 (2023-Q2), source 3 | ||
| Floating rate debt of $395.0 million exposed to SOFR rate changes; 25 bps change would impact annual interest expense by approximately $1 million. | 2026-Q3 2026-07-01 28 | |
| Massachusetts sales tax dispute resolved November 2024 for $66.2 million total. | 2026-Q2 2026-04-02 27 | |
| Various legal proceedings, claims and regulatory matters; management believes ultimate outcome will not have material adverse effect | 2026-Q1 2026-01-05 25 | |
| FactSet Research Systems: first mention in 10-Q quarterly report of 2023-01-05 (2023-Q1), source 1 | ||
| No single client represented more than 3.5% of total revenues for nine months ended May 31, 2026; large and geographically dispersed client base limits concentration risk. | 2026-Q3 2026-07-01 28 | |
| Total leverage ratio covenant of 3.75x to 1.00x (up to 4.25x for certain acquisitions); company in compliance as of May 31, 2026. | 2026-Q3 2026-07-01 28 | |
= last mention identical with the first mention (same source)
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FactSet Research Systems Reported KPIs (as disclosed) (423)
Figures FactSet Research Systems discloses itself in addition to the standard financials, such as order intake, recurring revenue or unit counts, as reported and with no calculation of our own. NadirAlpha methodology
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| KPI | Value / change | Source |
|---|---|---|
| FactSet Research Systems, published 2026-09-30, period FY2026 | ||
| Organic ASV growth rate | 7.0% | 30 |
| Organic ASV | $2,568.2 | 30 |
| Annual Subscription Value (ASV) | $2,565.2 | 30 |
| FactSet Research Systems, published 2026-07-01, period 2026-Q3 | ||
| Total debt 2025 term facility | 375.0 million | 28 |
| Total debt 2025 revolving facility | 20.0 million | 28 |
| Restricted cash | 6.3 million | 28 |
| Operating cash flow | 617,492 | 28 |
| Investments | 16.1 million | 28 |
| Client retention by count | 90 | 28 |
| Cash and cash equivalents | 288.1 million | 28 |
| Capital expenditures | 87,319 | 28 |
| Annual ASV retention | >95% | 28 |
| Top 50 clients using four or more AI products | 90%+ | 29 |
| Organic ASV growth rate | 7.1 | 28 |
| Organic ASV | 2,485.6 | 29 |
| ASV retention | above 95% | 29 |
| ASV | 2,484.3 | 29 |
| FactSet Research Systems, published 2026-04-02, period 2026-Q2 | ||
| investment professionals | over 241,000 | 27 |
| clients | more than 9,000 | 27 |
| Weighted average remaining lease term | 6.3 | 27 |
| Weighted average discount rate (IBR) | 4.9 | 27 |
| User count | 241,352 | 27 |
| Restricted cash | 9.1 million | 27 |
| Outstanding debt under 2025 Term Facility | $375.0 million | 27 |
| Organic ASV growth rate | 6.7 | 27 |
| Organic ASV | $2,449.1 million | 27 |
| Lease ROU assets | 120.5 million | 27 |
| Combined current lease liabilities and long-term lease liabilities | 184.4 million | 27 |
| Client count | 9,101 | 27 |
| Cash and cash equivalents | 268.3 million | 27 |
| Annual retention (% of clients) | 91 | 27 |
| Annual Subscription Value (ASV) | $2,450.2 million | 27 |
| Annual ASV retention | >95 | 27 |
| 2025 Revolving Facility commitment | $1.0 billion | 27 |
| FactSet Research Systems, published 2026-03-31, period 2026-Q2 | ||
| User count | 241,352 | 26 |
| Organic ASV growth | $152.9 million | 26 |
| Organic ASV | $2,449.1 million | 26 |
| Client count | 9,101 | 26 |
| Annual retention (by client percentage) | 91% | 26 |
| Annual Subscription Value (ASV) | $2,450.2 million | 26 |
| Annual ASV retention | >95% | 26 |
| FactSet Research Systems, published 2026-01-05, period 2026-Q1 | ||
| Cloud services concentration | majority | 25 |
| Restricted cash | 9.1 million | 25 |
| Organic ASV annual growth rate | 5.9% | 25 |
| Organic ASV | $2,389.6 million | 25 |
| Operating cash flow | 121,284 | 25 |
| Cash and cash equivalents | 275.4 million | 25 |
| Capital expenditures | 30.8 million | 25 |
| Annual retention (% of clients) | 91% | 25 |
| Annual ASV retention | >95% | 25 |
| FactSet Research Systems, published 2025-12-18, period 2026-Q1 | ||
| User count | 239,863 | 24 |
| Organic revenues | 600.0 million | 24 |
| Organic revenue growth | 6.0% | 24 |
| Organic ASV growth rate | 5.9% | 24 |
| Organic ASV | 2,389.6 million | 24 |
| Client count | 9,003 | 24 |
| Annual retention by percentage of clients | 91% | 24 |
| Annual ASV retention | greater than 95% | 24 |
| ASV | 2,411.1 million | 24 |
| FactSet Research Systems, published 2025-10-22, period FY2025 | ||
| Undistributed foreign earnings | 486.9 million | 23 |
| Permanently reinvested earnings | 69.1 million | 23 |
| User count | 237,324 | 23 |
| Revenue | $2,321.7 million | 23 |
| Organic ASV annual growth rate | 5.7% | 23 |
| Organic ASV | $2,370.9 million | 23 |
| Operating margin | 32.2% | 23 |
| Operating income | $748.3 million | 23 |
| Net income | $597.0 million | 23 |
| Diluted EPS | $15.55 | 23 |
| Client count | 8,996 | 23 |
| Annual client retention | 91% | 23 |
| Annual ASV retention | > 95% | 23 |
| ASV | $2,405.6 million | 23 |
| FactSet Research Systems, published 2025-09-18, period 2025-Q4 | ||
| User count | 237,324 | 22 |
| Sell-side organic ASV growth | 4.3% | 22 |
| Organic ASV growth | 5.7% | 22 |
| Organic ASV | 2,370.9 million | 22 |
| Client count | 8,996 | 22 |
| Buy-side percentage of organic ASV | 82% | 22 |
| Buy-side organic ASV growth | 5.5% | 22 |
| Annual retention by clients | 91% | 22 |
| Annual ASV retention | >95% | 22 |
| ASV | 2,405.6 million | 22 |
| FactSet Research Systems, published 2025-07-03, period 2025-Q3 | ||
| Total users | 220,496 | 21 |
| Total clients | 8,811 | 21 |
| Organic revenues Q3 | $577.2 million | 21 |
| Organic ASV growth rate | 4.5% | 21 |
| Organic ASV | $2,296.9 million | 21 |
| Client retention rate | 91% | 21 |
| Annual ASV retention rate | >95% | 21 |
| ASV | $2,335.1 million | 21 |
| FactSet Research Systems, published 2025-06-23, period 2025-Q3 | ||
| User count | 220,496 | 20 |
| Organic ASV | $2,296.9 million | 20 |
| Client count | 8,811 | 20 |
| Annual retention by clients | 91% | 20 |
| Annual Subscription Value | $2,335.1 million | 20 |
| Annual ASV retention | >95% | 20 |
| FactSet Research Systems, published 2025-04-04, period 2025-Q2 | ||
| Restricted cash | 13.0 million | 19 |
| Operating cash flow | 260,327 | 19 |
| Cash and equivalents | 278.5 million | 19 |
| Weighted average vesting period stock awards | 3.2 | 19 |
| Weighted average grant date fair value options | $ 133.21 | 19 |
| Unrecognized stock-based compensation expense | 149.2 | 19 |
| Total users | 219,141 | 19 |
| Total segment assets | 4,241.442 | 19 |
| Total minimum lease payments | 219.971 | 19 |
| Total debt February 28 | 1,472.162 | 19 |
| Total clients | 8,645 | 19 |
| Total restricted stock awards | 122,259 | 19 |
| Total AOCL | $ (112,753) | 19 |
| Stock repurchase authorization remaining | 186.9 | 19 |
| Stock options granted | 203,114 | 19 |
| Sell side organic ASV growth | 2.2 | 19 |
| RSUs granted | 80,416 | 19 |
| PSUs granted | 34,479 | 19 |
| Outstanding borrowings revolving facility | 480.0 | 19 |
| Organic ASV annual growth rate | 4.1 | 19 |
| Organic ASV | 2,276.2 | 19 |
| LiquidityBook purchase price | 243.8 | 19 |
| LiquidityBook goodwill | 162.4 | 19 |
| LiquidityBook contingent consideration | 11.9 | 19 |
| Lease ROU assets net | 118.1 | 19 |
| Irwin purchase price | 120.2 | 19 |
| Irwin contingent consideration | 9.6 | 19 |
| Estimated derivative losses AOCL | 2.5 | 19 |
| EMEA Organic ASV growth | 2.6 | 19 |
| EMEA Organic ASV | 571.4 | 19 |
| EMEA ASV | 571.3 | 19 |
| Combined lease liabilities | 191.0 | 19 |
| Buy side Organic ASV growth | 4.1 | 19 |
| Asia Pacific Organic ASV growth | 6.8 | 19 |
| Asia Pacific Organic ASV | 229.9 | 19 |
| Asia Pacific ASV | 233.7 | 19 |
| Annual client retention | 91% | 19 |
| Annual ASV retention | > 95% | 19 |
| Americas Organic ASV growth | 4.4 | 19 |
| Americas Organic ASV | 1,474.9 | 19 |
| Americas ASV | 1,501.1 | 19 |
| Accumulated unrealized gains losses cash flow hedges | $ (1,752) | 19 |
| Accumulated foreign currency translation adjustments | (111,001) | 19 |
| ASV | 2,306.1 | 19 |
| 2032 Notes outstanding | 500.0 | 19 |
| 2027 Notes outstanding | 500.0 | 19 |
| FactSet Research Systems, published 2025-03-20, period 2025-Q2 | ||
| User count | 219,141 | 18 |
| Organic ASV | $2,276.2 million | 18 |
| Client retention | 91% | 18 |
| Client count | 8,645 | 18 |
| Annual Subscription Value (ASV) | $2,306.1 million | 18 |
| Annual ASV retention | >95% | 18 |
| ASV Growth Rate (Organic) | 4.1% | 18 |
| FactSet Research Systems, published 2025-01-08, period 2025-Q1 | ||
| investment professionals | 218,000 | 17 |
| clients | 8,200 | 17 |
| Weighted average vesting period | 3.4 | 17 |
| Weighted average remaining lease term | 6.7 | 17 |
| Weighted average discount rate IBR | 4.6% | 17 |
| User count change | 5.4% | 17 |
| Total users | 218,267 | 17 |
| Total unrecognized compensation expense | 161.6 | 17 |
| Total clients | 8,249 | 17 |
| Sell-side Organic ASV growth | 3.5% | 17 |
| Outstanding floating rate debt | 62.5 million | 17 |
| Outstanding floating rate debt | 305.0 million | 17 |
| Organic ASV growth rate | 4.5% | 17 |
| Organic ASV | 2,258.8 | 17 |
| Lease ROU assets net | 117.5 | 17 |
| Investments | 69.6 million | 17 |
| Interest rate swap notional amount | 50.0 million | 17 |
| Interest rate exposure on floating rate debt net of swap | 317.5 million | 17 |
| EMEA Organic ASV growth | 3.6% | 17 |
| EMEA Organic ASV | 572.4 | 17 |
| EMEA ASV | 572.4 | 17 |
| Combined lease liabilities | 192.8 | 17 |
| Client count change | 3.8% | 17 |
| Cash in EMEA | 100.5 million | 17 |
| Cash in Asia Pacific | 57.9 million | 17 |
| Cash in Americas | 130.8 million | 17 |
| Cash and cash equivalents | 289.2 million | 17 |
| Buy-side Organic ASV growth | 4.3% | 17 |
| Asia Pacific Organic ASV growth | 7.0% | 17 |
| Asia Pacific Organic ASV | 230.0 | 17 |
| Asia Pacific ASV | 229.0 | 17 |
| Annual client retention | 91% | 17 |
| Annual ASV retention | >95% | 17 |
| Americas Organic ASV growth | 4.5% | 17 |
| Americas Organic ASV | 1,456.4 | 17 |
| Americas ASV | 1,464.5 | 17 |
| FactSet Research Systems, published 2024-12-19, period 2025-Q1 | ||
| User count | 218,267 | 16 |
| Organic ASV | $2,258.8 million | 16 |
| Client retention percentage | 91% | 16 |
| Client count | 8,249 | 16 |
| Annual Subscription Value | $2,265.9 million | 16 |
| ASV retention rate | greater than 95% | 16 |
| FactSet Research Systems, published 2024-10-29, period FY2024 | ||
| investment professionals | 216,000 | 15 |
| effective tax rate | 17.6% | 15 |
| clients | 8,200 | 15 |
| Users | 216,381 | 15 |
| Organic ASV plus Professional Services | 2,272.8 | 15 |
| Organic ASV growth rate | 4.8% | 15 |
| Operating margin | 31.8% | 15 |
| Operating margin | 31.8% | 15 |
| Effective tax rate | 17.6% | 15 |
| Clients | 8,217 | 15 |
| Annual client retention | approximately 90% | 15 |
| Annual ASV retention | greater than 95% | 15 |
| Adjusted operating margin | 37.8% | 15 |
| FactSet Research Systems, published 2024-09-19, period 2024-Q4 | ||
| User count | 216,381 | 14 |
| Organic ASV plus professional services | $2,272.8 million | 14 |
| Client retention percentage | 90% | 14 |
| Client count | 8,217 | 14 |
| Annual Subscription Value plus professional services | $2,276.0 million | 14 |
| ASV retention | >95% | 14 |
| FactSet Research Systems, published 2024-07-03, period 2024-Q3 | ||
| Weighted average vesting period for unrecognized stock-based compensation | 2.9 | 13 |
| Weighted average remaining lease term | 7.1 | 13 |
| Weighted average discount rate IBR | 4.6 | 13 |
| Users net increase | 10.8 | 13 |
| Unrecognized stock-based compensation expense | 141.2 | 13 |
| Total users | 208140 | 13 |
| Total clients | 8029 | 13 |
| Sell-side Organic ASV annual growth rate | 3.7 | 13 |
| Organic ASV plus Professional Services annual growth rate | 5.0 | 13 |
| Organic ASV plus Professional Services | 2220.4 | 13 |
| Lease ROU assets net | 137.2 | 13 |
| EMEA Organic ASV growth rate | 4.4 | 13 |
| EMEA ASV | 565.7 | 13 |
| Combined current lease liabilities and long-term lease liabilities | 213.8 | 13 |
| Client count net increase | 3.3 | 13 |
| Cash and cash equivalents | 453.1 million | 13 |
| Buy-side percentage of Organic ASV | 82 | 13 |
| Buy-side Organic ASV annual growth rate | 5.3 | 13 |
| Available for grant under LTIP | 3.7 | 13 |
| Authorized remaining under share repurchase program | 128.1 | 13 |
| Asia Pacific Organic ASV growth rate | 6.1 | 13 |
| Asia Pacific ASV | 219.2 | 13 |
| Annual client retention | 90 | 13 |
| Annual ASV retention | >95 | 13 |
| Americas Organic ASV growth rate | 5.7 | 13 |
| Americas ASV | 1417.1 | 13 |
| FactSet Research Systems, published 2024-06-21, period 2024-Q3 | ||
| User count | 208,140 | 12 |
| Organic ASV plus professional services growth | 5.0% | 12 |
| Operating cash flow quarterly | $238.2 million | 12 |
| Client count | 8,029 | 12 |
| Annual ASV retention | >95% | 12 |
| ASV plus professional services | $2,220.4 million | 12 |
| FactSet Research Systems, published 2024-04-03, period 2024-Q2 | ||
| Investments | 68.5 million | 11 |
| Cash and cash equivalents | 381.7 million | 11 |
| Users | 206,478 | 11 |
| Total clients | 8,020 | 11 |
| Organic ASV plus Professional Services annual growth rate | 5.4% | 11 |
| Organic ASV plus Professional Services | 2,209.5 | 11 |
| FactSet Research Systems, published 2024-03-21, period 2024-Q2 | ||
| User count | 206,478 | 10 |
| Organic ASV plus professional services growth rate | 5.4% | 10 |
| Client count | 8,020 | 10 |
| Annual Subscription Value (ASV) plus professional services | $2,209.5 million | 10 |
| Annual ASV retention | >95% | 10 |
| ASV from EMEA region | $557.2 million | 10 |
| ASV from Asia Pacific region | $215.9 million | 10 |
| ASV from Americas region | $1,415.4 million | 10 |
| FactSet Research Systems, published 2024-01-05, period 2024-Q1 | ||
| Sell side organic ASV growth | 7.6% | 9 |
| Organic ASV growth | 7.1% | 9 |
| Client retention percentage | 90% | 9 |
| Cash and cash equivalents | 411.9 | 9 |
| Buy side organic ASV growth | 7.2% | 9 |
| Annual ASV retention | >95% | 9 |
| FactSet Research Systems, published 2023-12-19, period 2024-Q1 | ||
| User count | 207,083 | 8 |
| Organic ASV plus professional services | 2,185.0 million | 8 |
| EBITDA | 219,002 | 8 |
| Client count | 7,945 | 8 |
| Annual ASV retention | >95% | 8 |
| ASV plus professional services | 2,184.6 million | 8 |
| FactSet Research Systems, published 2023-10-27, period FY2023 | ||
| User increase | 5.6 | 7 |
| Unused revolving credit commitments | $250.0 million | 7 |
| Total outstanding debt | $1.6 billion | 7 |
| Sell side organic ASV growth rate | 9.3 | 7 |
| Revenue growth | 13.1 | 7 |
| professional services revenue | $22.7 million | 7 |
| organic revenue growth | 8.2 | 7 |
| organic ASV plus professional services growth rate | 7.1 | 7 |
| organic ASV growth rate EMEA | 7.7 | 7 |
| organic ASV growth rate Asia Pacific | 8.1 | 7 |
| organic ASV growth rate Americas | 7.0 | 7 |
| operating margin | 30.2 | 7 |
| cost of services percentage of revenues | 46.7 | 7 |
| client count increase | 5.1 | 7 |
| centers of excellence percentage | 67 | 7 |
| buy side organic ASV growth rate | 6.9 | 7 |
| buy side ASV percentage | 82 | 7 |
| annual client retention | 91 | 7 |
| Annual ASV retention | >95 | 7 |
| weighted average vesting period non-vested awards | 2.9 | 7 |
| weighted average remaining lease term | 7.8 | 7 |
| weighted average remaining lease term | 8.6 | 7 |
| weighted average discount rate IBR | 4.5% | 7 |
| weighted average discount rate IBR | 4.4% | 7 |
| unrecognized compensation expense non-vested awards | 114.5 | 7 |
| undistributed foreign earnings | 204.0 | 7 |
| Total stock-based compensation expense | 62.0 | 7 |
| Total stock-based compensation expense | 56.0 | 7 |
| Total stock-based compensation expense | 45.1 | 7 |
| Total purchase obligations | 362.2 | 7 |
| Total purchase obligations | 373.9 | 7 |
| Total investment professionals using FactSet | 189972 | 7 |
| Total client count | 7921 | 7 |
| Standby letters of credit | 0.6 | 7 |
| Standby letters of credit | 0.5 | 7 |
| Sell side percentage of organic ASV | 18% | 7 |
| Sell side organic ASV growth rate | 9.3% | 7 |
| Reductions to ROU assets resulting | -1,376 | 7 |
| Reductions to ROU assets resulting | -17,597 | 7 |
| Reductions to ROU assets resulting | -700 | 7 |
| Pre-tax state NOLs | 9.9 | 7 |
| Pre-tax federal NOLs | 27.1 | 7 |
| Potential tax benefit if FY2023 unrecognized tax benefits realized | 19.1 | 7 |
| Potential tax benefit if FY2022 unrecognized tax benefits realized | 16.5 | 7 |
| Potential tax benefit if FY2021 unrecognized tax benefits realized | 14.9 | 7 |
| Percentage increase in users | 5.6% | 7 |
| Percentage increase in clients | 5.1% | 7 |
| Outstanding capital commitments | 0.7 | 7 |
| Outstanding capital commitments | 1.1 | 7 |
| Organic ASV plus Professional Services | 2.2 billion | 7 |
| Operating cash flow | 645,573 | 7 |
| Net increase in users | 9990 | 7 |
| Net increase in clients | 383 | 7 |
| Lease ROU assets obtained in exchange | 16,934 | 7 |
| Lease ROU assets obtained in exchange | 9,348 | 7 |
| Lease ROU assets obtained in exchange | 6,355 | 7 |
| Lease ROU assets net | 141.8 | 7 |
| Lease ROU assets impairment charges | 14.4 | 7 |
| Lease ROU assets impairment charges | 31.5 | 7 |
| ESPP weighted average price | 348.55 | 7 |
| ESPP weighted average price | 332.30 | 7 |
| ESPP weighted average price | 273.59 | 7 |
| ESPP weighted average estimated fair value | 71.74 | 7 |
| ESPP weighted average estimated fair value | 66.35 | 7 |
| ESPP weighted average estimated fair value | 54.00 | 7 |
| ESPP stock based compensation | 2.7 | 7 |
| ESPP stock based compensation | 2.3 | 7 |
| ESPP stock based compensation | 2.0 | 7 |
| ESPP shares reserved for future issuance | 62,839 | 7 |
| ESPP shares purchased | 39,873 | 7 |
| ESPP shares purchased | 36,244 | 7 |
| ESPP shares purchased | 38,848 | 7 |
| Current and long-term lease liabilities | 227.2 | 7 |
| Company 401k matching contributions | 16.6 | 7 |
| Company 401k matching contributions | 12.0 | 7 |
| Company 401k matching contributions | 11.6 | 7 |
| Cash paid for lease liabilities | 39,392 | 7 |
| Cash paid for lease liabilities | 43,032 | 7 |
| Cash paid for lease liabilities | 42,076 | 7 |
| Buy-side organic ASV share | 82% | 7 |
| Buy-side organic ASV growth rate | 6.9% | 7 |
| Annual client retention rate | 91% | 7 |
| Annual ASV retention | greater than 95% | 7 |
| Accrued interest on unrecognized tax benefits | 1.6 | 7 |
| Accrued interest on unrecognized tax benefits | 1.4 | 7 |
| Accrued interest on unrecognized tax benefits | 1.3 | 7 |
| FactSet Research Systems, published 2023-09-21, period 2023-Q4 | ||
| User count | 189,972 | 6 |
| Research Advisory ASV | $922 million | 6 |
| Organic ASV plus professional services | $2,175.1 million | 6 |
| Content Technology Solutions ASV | $545 million | 6 |
| Client count | 7,921 | 6 |
| Cash and cash equivalents | $425,444 | 6 |
| Annual ASV retention | greater than 95% | 6 |
| Analytics Trading ASV | $708 million | 6 |
| ASV plus professional services | $2,174.6 million | 6 |
| FactSet Research Systems, published 2023-07-03, period 2023-Q3 | ||
| Users | 187,845 | 5 |
| Organic ASV plus Professional Services | 2,120.2 million | 5 |
| Clients | 7,770 | 5 |
| Client ASV retention | approximately 92% | 5 |
| Annual ASV retention | > 95% | 5 |
| Adjusted operating margin (nine months) | 37.1% | 5 |
| Adjusted operating margin | 36.0% | 5 |
| ASV | 2,120.1 million | 5 |
| FactSet Research Systems, published 2023-06-22, period 2023-Q3 | ||
| User count | 187,845 | 4 |
| Organic ASV plus professional services | 2,120.2 million | 4 |
| Free Cash Flow | 192,584 | 4 |
| Client count | 7,770 | 4 |
| Annual Subscription Value (ASV) plus professional services | 2,120.1 million | 4 |
| Annual ASV retention | greater than 95% | 4 |
| FactSet Research Systems, published 2023-04-03, period 2023-Q2 | ||
| Number of investment professionals | 186,000 | 3 |
| Number of clients | 7,700 | 3 |
| Weighted average remaining lease term | 8.2 years | 3 |
| Weighted average discount rate IBR | 4.4% | 3 |
| User count increase YoY | 8.8% | 3 |
| Total users | 186,463 | 3 |
| Total clients | 7,730 | 3 |
| Sell side organic ASV growth | 15.8% | 3 |
| Organic ASV plus Professional Services growth | 9.1% | 3 |
| Organic ASV plus Professional Services | $1,901.7 million | 3 |
| Organic ASV EMEA | $494.3 million | 3 |
| Organic ASV Asia Pacific | $195.6 million | 3 |
| Organic ASV Americas | $1,188.6 million | 3 |
| Operating cash flow | 271.314 | 3 |
| Lease ROU assets net | $150.2 million | 3 |
| Free cash flow | 235.898 | 3 |
| EMEA Organic ASV growth | 8.1% | 3 |
| Combined current and long-term lease liabilities | $225.2 million | 3 |
| Client count increase YoY | 7.8% | 3 |
| Buy side percentage of Organic ASV | 83% | 3 |
| Buy side Organic ASV growth | 8.1% | 3 |
| Asia Pacific Organic ASV growth | 10.8% | 3 |
| Annual ASV retention percentage | 95% | 3 |
| Annual ASV retention by clients | 92% | 3 |
| Americas Organic ASV growth | 9.3% | 3 |
| ASV EMEA | $528.5 million | 3 |
| ASV Asia Pacific | $207.1 million | 3 |
| ASV Americas | $1,315.3 million | 3 |
| FactSet Research Systems, published 2023-03-23, period 2023-Q2 | ||
| User count | 186,463 | 2 |
| Organic ASV plus professional services | $1,902 million | 2 |
| Client count | 7,730 | 2 |
| Annual Subscription Value (ASV) plus professional services | $2,074 million | 2 |
| Annual ASV retention | >95% | 2 |
| FactSet Research Systems, published 2023-01-05, period 2023-Q1 | ||
| investment professionals | approximately 181,000 | 1 |
| clients | more than 7,600 | 1 |
| Total users | 180,959 | 1 |
| Total clients | 7,631 | 1 |
| Organic ASV plus Professional Services | $1,846.5 million | 1 |
| Operating margin | 34.1% | 1 |
| Lease ROU assets | $154.1 million | 1 |
| Combined lease liabilities | $230.9 million | 1 |
| Client ASV retention | 92% | 1 |
| Annual ASV retention | >95% | 1 |
| Adjusted operating margin | 38.3% | 1 |
| ASV | $2,016.0 million | 1 |
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FactSet Research Systems Development
A condensed summary of FactSet Research Systems per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. NadirAlpha methodology
FY2026: FactSet Research Systems
FactSet Research Systems posted full-year FY2026 revenues of – million, an increase of 6.7%, extending the company's 47 consecutive years of revenue growth 30. Adjusted diluted EPS reached –, marking the 30th consecutive fiscal year of increased adjusted diluted EPS 30. GAAP operating margins contracted in each quarter, driven by higher employee compensation and technology expenses, with a more pronounced decline in Q3 due to elevated CEO compensation costs and restructuring charges 28. Operating cash flow for the fiscal year was 822.2 million, an increase of 13.2%, and AI solutions ASV added during fiscal 2026 more than doubled year over year 30. FactSet raised its organic ASV growth and earnings guidance in Q2 26 and returned $808 million to shareholders over the full fiscal year 30.
FY2025: FactSet Research Systems
FactSet Research Systems generated full-year revenues of 2,321.7 million in fiscal 2025, an increase of 5.4% driven by 4.4% organic revenue growth, 0.9% from acquisitions, and 0.1% from currency effects 23. Net income rose 11.2% to 597 million and diluted EPS grew 11.8% to 15.55 23. FactSet Research Systems completed two acquisitions during the year, Irwin (Platform Group Limited) for $120.2 million net and LiquidityBook for $243.2 million net, expanding capabilities in investor relations and cloud-native trading and order management solutions 23. Organic ASV grew 5.7% to $2,370.9 million at fiscal year-end, with client count rising 9.5% to 8,996 and user count growing 9.7% to 237,324 professionals 22 23. In Q3, FactSet appointed Sanoke Viswanathan as Chief Executive Officer effective September 8, 2025, succeeding F. Philip Snow who retired from the role 22.
FY2024: FactSet Research Systems
FactSet Research Systems reported full-year revenues of USD 2,203.1 million in fiscal 2024, a 5.6% increase with organic growth of 5.7%, marking the 44th consecutive year of increased revenues 14. Net income reached USD 537.1 million, up 14.7%, while adjusted diluted EPS of 16.45 increased 12.3%, the 28th consecutive year of EPS increases; adjusted EBITDA grew 9.1% to $847.5 million for the full year 14. Organic ASV plus professional services guidance was reduced twice during the year, with the full-year organic ASV figure finishing at $2,272.8 million, a 4.8% increase, driven primarily by workstations and CGS subscriptions 15. In Q4, FactSet recorded a charge of approximately $54 million related to a Massachusetts sales tax dispute, with the total charge reaching approximately $64 million including prior years, weighing on GAAP operating results 14. The annual filing disclosed a material weakness in IT general controls supporting revenues, accounts receivable, and deferred revenues processes 15.
FY2023: FactSet Research Systems
FactSet delivered full-year revenue of 2,085.5 million in fiscal 2023, a 13.1% increase representing the company's 43rd consecutive year of revenue growth, driven by organic growth and the first full year of CUSIP Global Services (CGS) revenues following the March 2022 acquisition 6. GAAP operating income reached 629.2 million with operating margin expanding to 30.2% from 25.8% in the prior year, as revenue growth and lower asset impairment charges and professional fees more than offset higher amortization of intangible assets and increased interest expense from acquisition debt 7. Net income was 468.2 million and diluted EPS was 12.04, while adjusted diluted EPS of 14.65 extended the company's 27th consecutive fiscal year of adjusted diluted EPS growth 6. Organic ASV plus professional services grew 7.1% to $2.2 billion with annual ASV retention exceeding 95%, and free cash flow of 584.8 million was partially directed toward $375.0 million in voluntary term loan repayments during the year 7. In the fourth quarter, the effective tax rate rose sharply to 39.9% from 10.3% in the prior-year quarter due to a one-time tax charge of $6.8 million and a $20.0 million provision from an ongoing review of certain tax positions together with expiring foreign tax incentives, reducing Q4 net income to 65.1 million 6.
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Glossary
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- Op. income (adj.): Adjusted operating income, verbatim and company-defined (non-GAAP), never derived.
- EBITDA (adj.): Adjusted EBITDA, verbatim and company-defined (non-GAAP), never derived.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- EPS adj.: Adjusted earnings per share, verbatim and company-defined (non-GAAP).
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
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Sources: quarterly reports, annual reports and investor relations documents
The evidence base for FactSet Research Systems stock: every document with type and date, every figure in the report leads here by number and to the original by link. NadirAlpha methodology
46 documents · 2016 to 2026 · SEC EDGAR (USA)
Older sources (+16)
| # | Document type | Published |
|---|---|---|
| #211 | 10-Q quarterly report | 2016-04-11 |
| #212 | 10-K annual report | 2016-04-11 |
| #214 | 10-K annual report | 2016-10-31 |
| #216 | 10-K annual report | 2016-10-31 |
| #213 | 10-Q quarterly report | 2017-04-10 |
| #215 | 10-Q quarterly report | 2018-04-09 |
| #202 | 10-K annual report | 2018-10-30 |
| #201 | 10-Q quarterly report | 2019-04-09 |
| #206 | 10-K annual report | 2019-10-30 |
| #203 | 10-Q quarterly report | 2020-01-09 |
| #204 | 10-Q quarterly report | 2020-04-09 |
| #205 | 10-Q quarterly report | 2020-07-09 |
| #210 | 10-K annual report | 2020-10-29 |
| #207 | 10-Q quarterly report | 2021-01-06 |
| #208 | 10-Q quarterly report | 2021-04-05 |
| #209 | 10-Q quarterly report | 2021-07-02 |
FactSet Research Systems Stock FAQ
Is there a management forecast (guidance) for FY2027?
Yes. Management has issued targets for FY2027, including Operating margin. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Where can I find the official investor relations documents of FactSet Research Systems?
NadirAlpha links all 46 original filings used (SEC filings) in the sources chapter: quarterly report, earnings release, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.
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