FactSet Research Systems Inc. (FDS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$4.45	$4.53	+1.8%	—	—	—
Q4 26	$4.38	$4.46	+1.8%	—	—	—
Q3 26	$4.36	$4.51	+3.4%	—	—	—
Q2 26	$4.13	$4.05	-1.9%	—	—	—
Q1 26	$4.3	$4.27	-0.7%	—	—	—
Q4 25	$4.18	$4.28	+2.4%	—	—	—
Q3 25	$4.28	$4.37	+2.1%	—	—	—
Q2 25	$3.62	$3.74	+3.3%	—	—	—
Q1 25	$3.9	$4.37	+12.1%	—	—	—
Q4 24	$3.88	$4.22	+8.8%	—	—	—
Q3 24	$4.11	$4.12	+0.2%	—	—	—
Q2 24	$3.49	$2.93	-16.0%	—	—	—
Q1 24	$3.6	$3.79	+5.3%	—	—	—
Q4 23	$3.67	$3.8	+3.5%	—	—	—
Q3 23	$3.63	$3.99	+9.9%	—	—	—
Q2 23	$3.21	$3.13	-2.5%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$15.7	—	—	$2.3B	—
FY24	—	$14.1	—	—	$2.2B	—
FY23	—	$12.3	—	—	$2.1B	—
FY22	—	$10.4	—	—	$1.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.1B	$1.2B	$1.4B	$1.4B	$1.5B	$1.6B	$1.8B	$2.1B	$2.2B	$2.3B
YoY change	+12%	+8.35%	+10.6%	+6.31%	+4.09%	+6.51%	+15.9%	+13.1%	+5.64%	+5.39%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.1B	1.2B	1.4B	1.4B	1.5B	1.6B	1.8B	2.1B	2.2B	2.3B
Cost of revenue	487.4M	566.6M	659.3M	663.4M	695.4M	786.4M	871.1M	973.2M	1B	1.1B
Gross profit	639.7M	654.6M	690.8M	771.9M	798.7M	805M	972.8M	1.1B	1.2B	1.2B
Gross margin	56.8%	53.6%	51.2%	53.8%	53.5%	50.6%	52.8%	53.3%	54.1%	52.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	290M	302.5M	324.6M	333.9M	342.5M	331M	433M	457.1M	485.1M	475.7M
Operating expenses	290M	302.5M	324.6M	333.9M	342.5M	331M	433M	457.1M	485.1M	475.7M
Operating income	349.7M	352.1M	366.2M	438M	456.2M	474M	539.8M	655.2M	706M	748.3M
Operating margin	31%	28.8%	27.1%	30.5%	30.5%	29.8%	29.3%	31.4%	32%	32.2%
Non-operating income, net	112.5M	-1.2M	1.9M	554K	-19.2M	-30K	-66.6M	-17.7M	-3.1M	22.4M
Pretax income	461M	344.3M	351.8M	422M	427.1M	467.6M	443.6M	584M	651.5M	721M
Income tax	122.2M	86.1M	84.8M	69.2M	54.2M	68M	46.7M	115.8M	114.4M	123.9M
Net income	338.8M	258.3M	267.1M	352.8M	372.9M	399.6M	396.9M	468.2M	537.1M	597M
Net margin	30.1%	21.1%	19.8%	24.6%	25%	25.1%	21.5%	22.4%	24.4%	25.7%
EBITDA	275.3M	401.7M	425.4M	499.1M	554.3M	583.1M	673.3M	813.9M	877.6M	966M
EPS	8.46	6.62	6.99	9.26	9.81	10.6	10.4	12.3	14.1	15.7
Diluted EPS	8.19	6.51	6.78	9.08	9.65	10.4	10.3	12	13.9	15.6

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	535.8M	542.2M	—	552.7M	562.2M	568.7M	570.7M	585.5M	596.9M	607.6M	611M	622.9M
Cost of revenue	263.7M	251.6M	—	247M	258.2M	258.8M	269.6M	280.7M	288.7M	287.9M	296.7M	312.2M
Gross profit	272.1M	290.6M	—	305.7M	304M	309.9M	301.1M	304.8M	308.2M	319.7M	314.3M	310.7M
Gross margin	50.8%	53.6%	—	55.3%	54.1%	54.5%	52.8%	52.1%	51.6%	52.6%	51.4%	49.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	131.2M	101.6M	—	103.1M	172.5M	118.6M	115.6M	110.6M	130.9M	127.6M	129.3M	144.4M
Operating expenses	131.2M	101.6M	—	103.1M	172.5M	118.6M	115.6M	110.6M	130.9M	127.6M	129.3M	144.4M
Operating income	140.9M	189M	—	202.6M	131.5M	191.3M	185.5M	194.2M	177.3M	192.1M	185M	166.3M
Operating margin	26.3%	34.9%	—	36.7%	23.4%	33.6%	32.5%	33.2%	29.7%	31.6%	30.3%	26.7%
Non-operating income, net	-21.5M	-118K	—	234K	-2.8M	103K	471K	-594K	22.5M	10.3M	-11.7M	1M
Pretax income	107.3M	175.2M	—	190.5M	117.1M	179.7M	172.3M	179.9M	189M	190.1M	161.1M	154.1M
Income tax	42.2M	26.6M	—	32.4M	27.6M	29.7M	27.5M	31.4M	35.3M	37.5M	28.1M	27.4M
Net income	65.1M	148.6M	—	158.1M	89.5M	150M	144.9M	148.5M	153.6M	152.6M	133.1M	126.7M
Net margin	12.2%	27.4%	—	28.6%	15.9%	26.4%	25.4%	25.4%	25.7%	25.1%	21.8%	20.3%
EBITDA	178.6M	226.6M	—	247.7M	177.9M	237.4M	232.3M	243.9M	252.4M	255.6M	226.1M	221.9M
EPS	1.71	3.91	3.7	4.15	2.35	3.95	3.81	3.92	4.07	4.08	3.6	3.51
Diluted EPS	1.68	3.84	3.65	4.09	2.32	3.89	3.76	3.87	4.03	4.06	3.59	3.5

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.1B	6.1B	8.8B	10.4B	13.3B	14.3B	16.5B	16.7B	16.1B	14.2B	9.5B
Enterprise value	7.2B	6.5B	9.1B	10.6B	13.6B	14.5B	18.2B	18.1B	17.2B	15.4B	10.8B
Shares outstanding	40M	39M	38.2M	38.1M	38M	37.6M	38M	38.2M	38.1M	37.9M	37.9M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21	23.7	32.8	29.4	35.7	35.8	41.5	35.6	30	23.7	18
P/S	6.32	5.02	6.49	7.23	8.92	8.99	8.94	7.99	7.3	6.1	3.9
P/B	13.8	11	16.7	15.4	14.9	14.1	12.4	10.3	8.41	6.48	4.71
EV/EBITDA	26.1	16.1	21.4	21.2	24.5	24.8	27	22.2	19.6	15.9	11.6
EV/Sales	6.37	5.31	6.74	7.36	9.1	9.08	9.85	8.66	7.8	6.62	4.42
Earnings yield	4.75%	4.21%	3.05%	3.4%	2.8%	2.79%	2.41%	2.81%	3.34%	4.22%	5.56%
FCF yield	3.98%	4.62%	4.02%	3.55%	3.21%	3.45%	2.95%	3.51%	3.82%	4.36%	6.52%
PEG	—	—	—	—	—	—	—	—	—	—	-1.72

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	56.8%	53.6%	51.2%	53.8%	53.5%	50.6%	52.8%	53.3%	54.1%	52.7%	49.9%
Operating margin	31%	28.8%	27.1%	30.5%	30.5%	29.8%	29.3%	31.4%	32%	32.2%	30.5%
Net margin	30.1%	21.1%	19.8%	24.6%	25%	25.1%	21.5%	22.4%	24.4%	25.7%	23.2%
ROE	65.5%	46.1%	50.8%	52.5%	41.6%	39.3%	29.8%	28.9%	28.1%	27.3%	27%
ROA	33.2%	18.3%	18.8%	22.6%	17.9%	18%	9.89%	11.8%	13.2%	13.9%	11.1%
ROIC	45.5%	29.1%	32.2%	42.5%	34.1%	34.8%	16%	17.5%	19.4%	18.3%	17.8%
Return on tangible assets	-464.2%	-74%	-94.7%	-585.8%	88.4%	89.5%	-23.2%	-26.5%	-32.4%	-28.5%	-26.8%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.33	2.04	1.95	2.67	3.05	2.96	1.99	1.59	1.25	1.4	0.68
Quick ratio	2.33	2.04	1.95	2.67	3.05	2.96	1.99	1.59	1.25	1.4	0.68
Debt / equity	0.58	1.03	1.09	0.85	0.98	0.85	1.67	1.14	0.82	0.71	0.77
Debt / assets	0.29	0.41	0.4	0.37	0.42	0.39	0.55	0.46	0.39	0.36	0.37
Net debt / EBITDA	0.17	0.87	0.79	0.38	0.49	0.25	2.5	1.7	1.23	1.25	1.32
Interest coverage	—	—	22.6	26.4	44.5	58	13.4	9.81	10.9	13.8	14.1
Effective tax rate	26.5%	25%	24.1%	16.4%	12.7%	14.5%	10.5%	19.8%	17.6%	17.2%	18.5%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	28.2	31.3	35.4	37.7	39.3	42.3	48.5	54.6	57.9	61.2	65.8
EPS (basic)	8.46	6.62	6.99	9.26	9.81	10.6	10.4	12.3	14.1	15.7	15.7
EPS (diluted)	8.19	6.51	6.78	9.08	9.65	10.4	10.3	12	13.9	15.6	14.9
Book value per share	12.9	14.3	13.8	17.6	23.6	27	35	42.4	50.2	57.7	56.8
FCF per share	7.08	7.27	9.22	9.65	11.3	13.1	12.8	15.3	16.2	16.3	19.6
Cash per share	6.31	5.82	6.23	10.1	15.9	19.1	14.1	12	12.9	9.36	8.55
Capex per share	1.19	0.94	0.88	1.56	2.04	1.63	1.34	1.59	2.25	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.24%	3.02%	2.48%	4.14%	5.2%	3.85%	2.77%	2.91%	3.89%	—	—
Capex / operating cash flow	11.1%	11.5%	9.37%	13.4%	15.1%	12.1%	10.7%	10.5%	11.8%	—	—
Payout ratio	21.9%	31.3%	33.5%	28.4%	29.6%	29.5%	31.7%	29.6%	28.1%	26.8%	29.4%
Dividend yield	1.04%	1.32%	1.02%	0.96%	0.83%	0.82%	0.76%	0.83%	0.94%	1.13%	1.73%

Yield

1.73%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.16

ex-dividend Aug 31, 2026

Payout ratio

29%

of earnings

Dividend growth

19 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$1.16
May 29, 2026	$1.16
Feb 27, 2026	$1.10

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$535.8M	$542.2M	—	$552.7M	$562.2M	$568.7M	$570.7M	$585.5M	$596.9M	$607.6M	$611M	$622.9M
YoY change	+7.31%	+7.41%	—	+4.32%	+4.93%	+4.88%	—	+5.94%	+6.17%	+6.85%	+7.07%	+6.39%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	252.6M	227.2M	237.9M	385.6M	605.2M	717.8M	536.5M	457.7M	492.6M	355.1M
Receivables	97.8M	148.3M	156.6M	146.3M	155M	151.2M	204.1M	237.7M	228.1M	270.7M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	369.3M	409.4M	430.9M	583.8M	841.9M	933.6M	870.3M	770.1M	835.8M	729.8M
Property, plant & equipment	84.6M	100.5M	100.5M	119.4M	382M	370.4M	240.3M	227.9M	213M	207M
Goodwill & intangibles	1.1B	1.8B	1.7B	1.6B	1.7B	1.8B	5.7B	5.7B	5.7B	6.4B
Total assets	1B	1.4B	1.4B	1.6B	2.1B	2.2B	4B	4B	4.1B	4.3B
Accounts payable	45.8M	59.2M	72.1M	79.6M	82.1M	85.8M	108.4M	121.8M	178.3M	135.3M
Short-term debt	—	—	—	—	29.1M	31.6M	29.2M	28.8M	155.9M	33.1M
Total current liabilities	158.2M	201.1M	221.1M	218.9M	276.3M	315.7M	438.3M	484.3M	667.1M	521.3M
Long-term debt	300M	575M	574.8M	574.2M	846.6M	834.5M	2.2B	1.8B	1.4B	1.5B
Total liabilities	501.8M	853.6M	893.5M	887.9M	1.2B	1.2B	2.7B	2.3B	2.1B	2.1B
Shareholders' equity	517.4M	559.7M	525.9M	672.3M	896.4M	1B	1.3B	1.6B	1.9B	2.2B
Total debt	300M	575M	574.8M	574.2M	875.7M	866.1M	2.2B	1.8B	1.6B	1.6B
Net debt	71.6M	380.3M	366.2M	214.4M	290.1M	184.2M	1.7B	1.4B	1.2B	1.2B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	457.7M	411.9M	381.7M	453.1M	423M	289.2M	278.5M	356.4M	355.1M	292.7M	285.3M	304.2M
Receivables	237.7M	—	—	—	—	—	—	—	270.7M	289M	320.2M	290M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	770.1M	—	—	—	—	—	—	—	729.8M	708.6M	724.2M	727.5M
Property, plant & equipment	227.9M	—	—	—	—	—	—	—	207M	210.6M	204.9M	201.7M
Goodwill & intangibles	5.7B	2.9B	2.9B	2.9B	2.9B	3B	3.2B	3.2B	6.4B	6.4B	6.3B	6.3B
Total assets	4B	—	—	—	—	—	—	—	4.3B	4.2B	4.2B	4.2B
Accounts payable	121.8M	—	—	—	—	—	—	—	135.3M	149.3M	149.2M	164M
Short-term debt	28.8M	—	—	—	—	—	—	—	33.1M	32.6M	33.6M	533.1M
Total current liabilities	484.3M	—	—	—	—	—	—	—	521.3M	458.8M	505.9M	1.1B
Long-term debt	1.8B	—	—	—	—	—	—	—	1.5B	1.5B	1.5B	1B
Total liabilities	2.3B	—	—	—	—	—	—	—	2.1B	2.1B	2.1B	2.2B
Shareholders' equity	1.6B	—	—	—	—	—	—	—	2.2B	2.2B	2.1B	2B
Total debt	1.8B	—	—	—	—	—	—	—	1.6B	1.6B	1.6B	1.6B
Net debt	1.4B	—	—	—	—	—	—	—	1.2B	1.3B	1.3B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	338.8M	258.3M	267.1M	352.8M	372.9M	399.6M	396.9M	468.2M	537.1M	597M
Depreciation & amortization	38.1M	48.3M	57.3M	60.5M	100.8M	107.3M	129.7M	137.7M	155.6M	188.7M
Stock-based compensation	29.8M	34.2M	31.5M	32.4M	36.6M	45.1M	56M	62M	63.5M	61.2M
Change in working capital	20.3M	-23.9M	15.4M	3M	-7.4M	-32M	-74.9M	-74.8M	23.2M	-140.3M
Operating cash flow	431.5M	321.7M	357.9M	442.5M	513.5M	507.1M	478.8M	581.7M	727.3M	726.3M
Capital expenditure	-47.7M	-36.9M	-33.5M	-59.4M	-77.6M	-61.3M	-51.2M	-60.8M	-85.7M	—
Investing cash flow	-158.4M	-347.3M	-48.5M	-56.1M	-73.6M	-136M	-2B	-95.4M	-144.3M	-284M
Dividends paid	-74.2M	-80.9M	-89.4M	-100.1M	-110.4M	-117.9M	-125.9M	-138.6M	-150.7M	-160M
Share repurchases	-356.8M	-261M	-304M	-220.4M	-199.6M	-264.7M	-18.6M	-176.7M	-235.2M	-300.5M
Financing cash flow	-147.9M	-58.2M	-391.6M	-321.3M	-313.6M	-386.9M	1.3B	-704M	-652.6M	-489.5M
Net change in cash	125.3M	-83.8M	-82.3M	65.1M	126.3M	-15.8M	-301.7M	-217.8M	-69.6M	-47.2M
Free cash flow	283.4M	283.7M	352.1M	367.8M	428.2M	493.9M	487.1M	584.8M	614.7M	617.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	134.7M	65.1M	148.6M	158.1M	89.5M	150M	144.9M	148.5M	153.6M	152.6M	133.1M	126.7M
Depreciation & amortization	36.1M	29.8M	34.7M	40.1M	41.6M	43.3M	46M	48.8M	50.5M	52.1M	51.9M	54M
Stock-based compensation	16.9M	17.7M	14.3M	15.7M	16.8M	13.6M	16.5M	17M	14.1M	18.5M	20.9M	22.2M
Change in working capital	-36.7M	-1.8M	9.2M	-22.5M	72.4M	-79.2M	-36.7M	-644K	-22.8M	5.9M	5.7M	-4.3M
Operating cash flow	144.7M	92.4M	217.3M	178.9M	195.3M	150.5M	160M	212.3M	212.1M	121.3M	211.7M	284.5M
Capital expenditure	-26M	635K	-16.5M	-21.3M	-26M	-25.9M	-23.7M	-25.2M	—	—	—	—
Investing cash flow	-26M	-23.1M	-25.2M	-21.3M	-39.7M	-145.1M	-193.1M	-31.2M	10.6M	35.2M	-229K	-17M
Dividends paid	-33.9M	-37.2M	-37.1M	-37.2M	-39.4M	-39.2M	-39.6M	-39.5M	-41.6M	-41.4M	-41M	-40.3M
Share repurchases	-67.1M	-109.6M	-59.9M	-59.8M	-63.3M	-48.8M	-64.4M	-80.7M	-106.6M	-139.9M	-163M	-203.1M
Financing cash flow	-164M	-210.8M	-173M	-160.6M	-166.2M	-108.9M	3M	-166.1M	-217.6M	-199.1M	-204.3M	-228M
Net change in cash	-45.2M	-141.5M	19.1M	-3.1M	-10.6M	-103.4M	-30.1M	15M	5.1M	-42.6M	7.2M	39.6M
Free cash flow	192.6M	156.3M	138.7M	216.9M	137.2M	60.5M	150.2M	228.6M	178.1M	90.4M	185.7M	254M

Date	Ratio
Feb 7, 2005	3:2
Feb 7, 2000	2:1
Feb 8, 1999	3:2

FactSet Research Systems Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history