Logo

FDS

FactSet Research Systems Inc.

FDS

FactSet Research Systems Inc. • NYSE
$277.27 ▲ 0.35% (+0.96)
Market Cap $10.52 B
52w High $496.90
52w Low $250.50
Dividend Yield 4.34%
P/E 17.83
Volume 271.89K
Outstanding Shares 37.92M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $596.901M ▲ $130.91M ▲ $153.616M ▲ 25.736% ▲ $4.07 ▲ $252.385M ▲
Q3-2025 $585.52M ▲ $110.636M ▼ $148.542M ▲ 25.369% ▼ $3.92 ▲ $243.89M ▲
Q2-2025 $570.66M ▲ $115.564M ▼ $144.86M ▼ 25.385% ▼ $3.81 ▼ $232.159M ▼
Q1-2025 $568.667M ▲ $118.553M ▼ $150.022M ▲ 26.381% ▲ $3.95 ▲ $237.428M ▲
Q4-2024 $562.187M $176.133M $89.496M 15.919% $2.35 $174.345M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $337.651M ▼ $4.304B ▼ $2.118B ▼ $2.186B ▲
Q3-2025 $364.045M ▲ $4.339B ▲ $2.184B ▼ $2.155B ▲
Q2-2025 $287.019M ▼ $4.241B ▲ $2.185B ▲ $2.057B ▲
Q1-2025 $358.791M ▼ $4.049B ▼ $2.057B ▼ $1.992B ▲
Q4-2024 $492.598M $4.055B $2.143B $1.912B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $153.616M ▲ $212.1M ▼ $-23.4M ▲ $-208.494M ▼ $-18.71M ▼ $178.134M ▼
Q3-2025 $148.542M ▲ $253.833M ▲ $-31.249M ▲ $-153.785M ▼ $78.813M ▲ $228.603M ▲
Q2-2025 $144.86M ▼ $173.955M ▲ $-193.064M ▼ $24.529M ▲ $2.424M ▲ $150.219M ▲
Q1-2025 $150.022M ▲ $86.372M ▼ $-145.06M ▼ $-70.071M ▲ $-133.811M ▼ $60.498M ▼
Q4-2024 $89.496M $163.161M $-39.659M $-157.942M $-30.165M $137.202M

Five-Year Company Overview

Income Statement

Income Statement FactSet shows a clear pattern of steady, profitable growth. Revenue has increased each year, and profits have risen even faster than sales, which suggests good pricing power and operating discipline. Margins have gradually widened, meaning more of each dollar of sales is turning into profit. Earnings per share have trended upward over time with only a brief pause, pointing to a scalable business model that benefits as the platform grows. The main watchpoint is that growth is now coming off a much larger base, so maintaining the same pace becomes harder and may depend more on successful new products and acquisitions.

Balance Sheet

Balance Sheet The balance sheet looks like that of a mature, cash-generative software and data company. Total assets and shareholder equity have grown meaningfully, reflecting retained profits and ongoing investment in the business. Debt stepped up a few years ago—likely to support acquisitions and shareholder returns—and has started to edge down more recently, but leverage remains an important feature to monitor. Cash levels are lower than earlier peaks, implying more capital has been put to work rather than left idle. Overall, the company appears comfortably financed, but it does rely on continued strong cash generation and stable credit markets given its use of debt.

Cash Flow

Cash Flow FactSet’s cash flow profile is a key strength. The business consistently turns a large portion of its accounting profits into cash, and operating cash flow has grown steadily over several years. Capital spending needs are modest relative to cash generated, which leaves a healthy and rising stream of free cash flow after investments in the platform and infrastructure. This cushions the company’s ability to fund acquisitions, buy back shares, pay dividends, and service debt without stretching its finances. The main sensitivity is that this strength depends on subscription renewals and high client retention continuing to hold up through market cycles.

Competitive Edge

Competitive Edge FactSet sits in a valuable niche as a core data and analytics provider to financial professionals, competing with giants like Bloomberg and Refinitiv but with a distinct positioning. Its platform is deeply embedded in client workflows, making it time‑consuming and risky for users to switch providers. The company benefits from a strong brand, very high renewal rates, and a vast, integrated library of financial and alternative data. Its emphasis on an open, interoperable platform that plugs into clients’ existing systems is a differentiator versus more closed ecosystems. At the same time, competition is intense, and larger rivals have deep pockets, so FactSet must keep innovating to avoid being squeezed on price or displaced in key segments.

Innovation and R&D

Innovation and R&D Innovation is a central part of FactSet’s strategy, with artificial intelligence now woven through much of its product roadmap. The Intelligent Platform and the Mercury conversational engine are designed to let users query complex data in plain language and automate tasks that used to be manual, such as building pitchbooks or generating portfolio commentary. AI‑driven ESG analytics, personalized workstations, and targeted tools for bankers, wealth managers, and corporations all aim to make the platform stickier and more valuable. Recent acquisitions in trading technology and investor relations extend FactSet further along the workflow. The opportunity is to lock in higher-value roles across the investment lifecycle; the risk is execution—integrating multiple acquisitions, scaling AI responsibly, and proving that these tools materially improve client outcomes rather than just adding features.

Summary

FactSet combines a resilient, subscription-based financial profile with a defensible position in a critical part of the capital markets infrastructure. It has delivered consistent growth in revenue, profits, and free cash flow, while gradually strengthening its equity base, even as it has taken on and managed higher levels of debt. The company’s moat rests on entrenched workflows, high switching costs, integrated and trusted data, and an open architecture that fits well into complex client tech stacks. Its aggressive push into AI and workflow automation, supported by targeted acquisitions, offers meaningful upside if successfully executed. Key risks to keep in view include intense competition from larger platforms, the need to continually prove the value of AI features, the integration of new businesses, and the inherent cyclicality of its end markets. Overall, the picture is of a high-quality, cash-generative data and analytics business that is actively trying to move up the value chain through technology and product innovation.

NEWS

November 20, 2025 · 7:00 AM UTC

FactSet Schedules First Quarter 2026 Earnings Call

Read more

November 6, 2025 · 7:00 AM UTC

FactSet Declares Dividend

Read more

October 15, 2025 · 5:00 AM UTC

FactSet Unveils 2025 APAC Buy-Side Forum: Shaping the Future of Finance in Hong Kong, Tokyo, Sydney, and Singapore

Read more

September 25, 2025 · 8:00 AM UTC

FactSet's Portware and Jefferies First to Launch IntelligentCross JumpStart, Linking Buy-Side EMS and U.S.' Top ATS by Volumeⁱ

Read more

September 18, 2025 · 6:00 AM UTC

FactSet Reports Results for Fourth Quarter and Fiscal 2025

Read more