FACTSET RESEARCH SYSTEMS INC FDS
FactSet Research Systems Inc. and its wholly-owned subsidiaries ("we," "our," "us," the "Company" or "FactSet") was founded in 1978 and has been publicly traded since June 1996. We are dual-listed on the New York Stock Exchange ("NYSE") and the NASDAQ Stock Market ("NASDAQ") under the symbol "FDS". FactSet has been a member of the S&P 500 since December 2021.
FactSet is a global financial digital platform and enterprise solutions provider with open and flexible technologies that deliver financial intelligence to investment professionals worldwide.
Our platform delivers expansive data, sophisticated analytics, and flexible, artificial intelligence ("AI")-powered technologies used by global financial professionals to power their critical investment workflows. As of August 31, 2025, we had approximately 9,000 clients comprised of over 237,000 investment professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, and private equity and venture capital professionals. Our revenues are primarily derived from subscriptions to our multi-asset class data and solutions powered by our connected data and technology platform. Our products and services include workstations, portfolio analytics and enterprise data solutions. We also offer managed services that operate as an extension of our clients' internal teams to support data, performance, risk and reporting workflows.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.32B | $2.20B | $2.09B | $1.84B | $1.59B | $1.49B | $1.44B | $1.35B | $1.22B | $1.13B |
| Cost of revenue | $1.10B | $1.01B | $973.2M | $871.1M | $786.4M | $695.4M | $663.4M | $659.3M | $566.6M | $487.4M |
| Gross profit | $1.22B | $1.19B | $1.11B | $972.8M | $805.0M | $798.7M | $771.9M | $690.8M | $654.6M | $639.7M |
| R&D | $300.7M | $265.2M | $267.4M | $255.1M | $250.1M | $224.0M | $214.7M | $217.1M | $215.0M | — |
| SG&A | $475.7M | $489.8M | $483.1M | $433.0M | $331.0M | $342.5M | $333.9M | $324.6M | $302.5M | $290.0M |
| Total operating expenses | $1.57B | $1.50B | $1.46B | $1.37B | $1.12B | $1.05B | $997.3M | $983.9M | $869.0M | $777.4M |
| Operating income | $748.3M | $701.3M | $629.2M | $475.5M | $474.0M | $439.7M | $438.0M | $366.2M | $352.1M | $349.7M |
| Interest expense | $56.3M | $65.8M | $66.3M | $35.7M | — | — | — | — | — | — |
| Pre-tax income | $721.0M | $651.5M | $584.0M | $443.6M | $467.6M | $427.1M | $422.0M | $351.8M | $344.3M | $461.0M |
| Income tax | $123.9M | $114.4M | $115.8M | $46.7M | $68.0M | $54.2M | $69.2M | $84.8M | $86.1M | $122.2M |
| Net income | $597.0M | $537.1M | $468.2M | $396.9M | $399.6M | $372.9M | $352.8M | $267.1M | $258.3M | $338.8M |
| EPS, basic | 15.74 | 14.11 | 12.26 | 10.48 | 10.56 | 9.83 | 9.25 | 6.90 | 6.55 | 8.29 |
| EPS, diluted | 15.55 | 13.91 | 12.04 | 10.25 | 10.36 | 9.65 | 9.08 | 6.78 | 6.51 | 8.19 |
| Shares, diluted (wtd. avg.) | $38.4M | $38.6M | $38.9M | $38.7M | $38.6M | $38.6M | $38.9M | $39.4M | $39.6M | $41.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $337.7M | $423.0M | $425.4M | $503.3M | $681.9M | $585.6M | $359.8M | $208.6M | $194.7M | $228.4M |
| Short-term investments | $17.4M | $69.6M | $32.2M | $33.2M | $36.0M | $19.6M | $25.8M | $29.3M | $32.4M | $24.2M |
| Receivables | $270.7M | $228.1M | $237.7M | $204.1M | $151.2M | $155.0M | $146.3M | $156.6M | $148.3M | $97.8M |
| Total current assets | $729.8M | $835.8M | $770.1M | $870.3M | $933.6M | $841.9M | $583.8M | $430.9M | $409.4M | $369.3M |
| Property, plant and equipment | $85.2M | $82.5M | $86.1M | $80.8M | $131.4M | $133.1M | $119.4M | $100.5M | $100.5M | $84.6M |
| Goodwill | $1.28B | $1.01B | $1.00B | $965.8M | $754.2M | $709.7M | $685.7M | $701.8M | $707.6M | $452.9M |
| Other intangibles | $1.92B | $1.84B | $1.86B | $1.90B | $135.0M | $121.1M | $124.4M | $148.9M | $173.5M | $93.2M |
| Total assets | $4.30B | $4.06B | $3.96B | $4.01B | $2.22B | $2.08B | $1.56B | $1.42B | $1.41B | $1.02B |
| Accounts payable | $135.3M | $178.2M | $121.8M | $108.4M | $85.8M | $82.1M | $79.6M | $72.1M | $59.2M | $45.8M |
| Short-term debt | $0 | $124.8M | $0 | — | — | — | — | — | — | — |
| Total current liabilities | $521.3M | $667.1M | $484.3M | $438.3M | $315.7M | $276.3M | $218.9M | $221.1M | $201.1M | $158.2M |
| Long-term debt | $1.37B | $1.24B | $1.61B | $1.98B | $574.5M | $574.4M | $574.2M | $574.8M | $575.0M | $300.0M |
| Total liabilities | $2.12B | $2.14B | $2.34B | $2.68B | $1.21B | $1.19B | $887.9M | $893.5M | $853.6M | $501.8M |
| Retained earnings | $2.32B | $1.89B | $1.51B | $1.18B | $912.5M | $633.1M | $373.2M | $122.8M | $1.46B | $1.28B |
| Total equity | $2.19B | $1.91B | $1.62B | $1.33B | $1.02B | $896.4M | $672.3M | $525.9M | $559.7M | $517.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $726.3M | $700.3M | $645.6M | $538.3M | $555.2M | $505.8M | $427.1M | $385.7M | $320.5M | $331.1M |
| Depreciation and amortisation | $157.7M | $125.2M | $105.4M | $86.7M | $64.5M | $57.6M | $60.5M | $57.3M | $48.3M | $38.1M |
| Stock-based compensation | $61.2M | $63.5M | $62.0M | $56.0M | $45.1M | $36.6M | $32.4M | $31.5M | $34.2M | $29.8M |
| Capital expenditure | $108.8M | $85.7M | $60.8M | $51.2M | $61.3M | $77.6M | $59.4M | $33.5M | $36.9M | $47.7M |
| Investing cash flow | -$392.8M | -$144.3M | -$95.4M | -$2.03B | -$136.0M | -$73.6M | -$56.1M | -$48.5M | -$347.3M | -$158.4M |
| Financing cash flow | -$407.8M | -$560.9M | -$632.0M | $1.34B | -$322.7M | -$218.1M | -$214.3M | -$320.0M | -$8.2M | -$91.0M |
| Dividends paid | $160.0M | $150.7M | $138.6M | $125.9M | $117.9M | $110.4M | $100.1M | $89.4M | $80.9M | $74.2M |
| Buybacks | $300.5M | $235.2M | $176.7M | $18.6M | $264.7M | $199.6M | $220.4M | $304.0M | $261.0M | $356.8M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-25-045769.
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