FactSet Research Systems Inc.

FDS · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996
Valuation
Market cap	$11,152	$14,114	$16,085	$16,647	$16,458	$14,371	$13,244	$10,284	$8,670	$5,941	$6,729	$5,969	$5,324	$4,434	$4,086	$3,960	$3,447	$2,597	$3,014	$2,929	$2,147	$1,677	$2,156	$1,633	$834	$837	$1,100	$728	$312	$298	$193
Enterprise value	$12,429	$15,317	$17,167	$18,030	$18,142	$14,520	$13,515	$10,473	$9,007	$6,289	$6,776	$5,822	$5,188	$4,225	$3,883	$3,779	$3,252	$2,380	$2,871	$2,743	$2,006	$1,601	$2,058	$1,464	$703	$757	$1,038	$697	$274	$271	$177
P/E (TTM) at period end	20.90×	23.64×	29.95×	35.56×	41.46×	35.96×	35.51×	29.15×	32.46×	23.00×	19.86×	24.76×	25.17×	22.32×	21.64×	23.15×	22.95×	17.91×	24.11×	26.73×	25.90×	23.36×	37.16×	31.75×	20.42×	25.05×	43.51×	39.16×	24.34×	33.43×	29.65×
P/S (TTM) at period end	4.50×	6.08×	7.30×	7.98×	8.93×	9.03×	8.86×	7.16×	6.42×	4.86×	5.97×	5.93×	5.79×	5.17×	5.07×	5.45×	5.38×	4.17×	5.24×	6.16×	5.54×	5.36×	8.56×	7.35×	4.05×	4.74×	8.20×	7.02×	3.95×	5.09×	4.35×
P/B at period end	5.57×	6.46×	8.41×	10.28×	12.36×	14.14×	14.78×	15.30×	16.49×	10.61×	13.01×	11.23×	10.42×	8.18×	7.40×	7.69×	6.86×	5.18×	6.48×	7.16×	5.99×	6.25×	13.10×	7.70×	4.71×	6.05×	10.68×	9.39×	6.11×	7.91×	6.83×
EV / EBITDA (TTM)	14.11×	16.91×	20.77×	24.54×	32.27×	26.96×	27.18×	21.01×	21.27×	15.71×	17.48×	16.03×	15.41×	13.84×	12.66×	13.73×	12.56×	9.70×	13.38×	14.93×	13.78×	12.57×	20.12×	15.53×	4.34×	11.23×	20.33×	18.14×	10.00×	13.81×	12.92×
EV / Sales (TTM)	5.02×	6.60×	7.79×	8.65×	9.84×	9.12×	9.05×	7.30×	6.67×	5.15×	6.01×	5.78×	5.64×	4.92×	4.82×	5.20×	5.07×	3.83×	4.99×	5.76×	5.18×	5.12×	8.17×	6.59×	3.42×	4.29×	7.73×	6.71×	3.47×	4.64×	4.00×
Returns
Return on equity	26.6%	27.3%	28.1%	28.9%	29.8%	39.3%	41.6%	52.5%	50.8%	46.1%	65.5%	45.3%	41.4%	36.7%	34.2%	33.2%	29.9%	28.9%	26.9%	26.8%	23.1%	26.8%	35.3%	24.2%	23.1%	24.2%	24.5%	24.0%	25.1%	23.7%	23.0%
Return on invested capital	17.4%	18.2%	18.9%	16.6%	14.0%	33.7%	32.4%	41.3%	31.2%	28.1%	43.6%	58.8%	53.4%	57.2%	51.7%	51.2%	48.9%	50.7%	35.0%	43.4%	34.1%	34.0%	66.2%	31.0%	69.3%	31.4%	39.5%	37.8%	87.3%	78.2%	48.8%
Dividend yield	1.5%	1.1%	0.9%	0.8%	0.8%	0.8%	0.8%	1.0%	1.0%	1.4%	1.1%	1.1%	1.1%	1.3%	1.2%	1.1%	1.1%	1.3%	0.9%	0.5%	0.5%	0.5%	0.4%	0.4%	0.6%	0.5%	0.3%	0.2%	–	–	–
Financial health
Current ratio	0.60×	1.40×	1.25×	1.59×	1.99×	2.96×	3.05×	2.67×	1.95×	2.04×	2.33×	2.18×	1.96×	2.69×	2.64×	2.50×	2.43×	3.01×	2.53×	2.78×	2.61×	2.18×	2.68×	4.90×	4.28×	3.57×	3.13×	3.26×	2.84×	3.10×	3.44×
Debt / equity	0.68×	0.63×	0.71×	1.00×	1.49×	0.57×	0.64×	0.85×	1.09×	1.03×	0.58×	0.07×	–	–	–	–	–	–	–	–	0.01×	–	–	–	–	–	–	–	–	–	–
Effective tax rate	17.9%	17.2%	17.6%	19.8%	10.5%	14.5%	12.7%	16.4%	24.1%	25.0%	26.5%	27.8%	30.3%	26.7%	31.3%	28.4%	32.4%	31.7%	33.9%	32.7%	34.2%	34.9%	35.1%	34.9%	36.4%	38.4%	36.1%	39.4%	43.8%	43.3%	43.0%
Share count
Diluted shares outstanding	37	38	39	39	39	39	39	39	39	40	41	42	43	45	46	47	48	49	50	51	51	50	76	52	52	51	52	47	44	49	43

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996
Revenue and gross profit
Revenue	$2,476	$2,476	$2,322	$2,203	$2,086	$1,844	$1,591	$1,494	$1,435	$1,350	$1,221	$1,127	$1,007	$920	$858	$806	$727	$641	$622	$576	$476	$387	$313	$252	$222	$206	$177	$134	$104	$79	$58	$44
Cost of revenue	($1,223)	($1,223)	($1,098)	($1,012)	($973)	($871)	($786)	($695)	($663)	($659)	($567)	($487)	($405)	($354)	($306)	($276)	($245)	($207)	($209)	($191)	($153)	($121)	($92)	($74)	($66)	($68)	($62)	($34)	($28)	($24)	($19)	($10)
Gross profit	$1,253	$1,253	$1,224	$1,191	$1,112	$973	$805	$799	$772	$691	$655	$640	$601	$567	$552	$530	$482	$435	$413	$384	$323	$266	$221	$178	$156	$138	$115	$101	$76	$55	$40	$35
Operating expenses
Research and development	($346)	($346)	($301)	($265)	($267)	($255)	($250)	($224)	($215)	($217)	($215)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($553)	($553)	($476)	($490)	($483)	($433)	($331)	($343)	($334)	($325)	($302)	($290)	($270)	($264)	($282)	($257)	($244)	($213)	($202)	($200)	($168)	($145)	($112)	($90)	($79)	($75)	($64)	($50)	($38)	($28)	($20)	($21)
Total operating expenses	($553)	($553)	($476)	($490)	($483)	($497)	($331)	($359)	($334)	($325)	($302)	($290)	($270)	($264)	($282)	($257)	($244)	($213)	($202)	($200)	($168)	($145)	($112)	($90)	($79)	$6	($64)	($61)	($48)	($34)	($25)	($24)
Total costs and expenses	($1,776)	($1,776)	($1,573)	($1,502)	($1,456)	($1,368)	($1,117)	($1,054)	($997)	($984)	($869)	($777)	($675)	($618)	($589)	($533)	($488)	($419)	($411)	($392)	($321)	($266)	($204)	($164)	($146)	($62)	($126)	($95)	($75)	($58)	($44)	($34)
Operating income	$700	$700	$748	$701	$629	$475	$474	$440	$438	$366	$352	$350	$332	$302	$269	$273	$238	$222	$211	$184	$155	$121	$109	$88	$77	$144	$51	$39	$29	$21	$15	$11
Earnings
EBITDA	$881	$881	$906	$826	$735	$562	$539	$497	$498	$423	$400	$388	$363	$337	$305	$307	$275	$259	$245	$215	$184	$146	$127	$102	$94	$162	$67	$51	$38	$27	$20	$14
Interest income	$4	$4	$7	$14	$13	$6	$2	–	–	–	$2	$2	$2	$1	$1	$1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($55)	($55)	($56)	($66)	($66)	($36)	($8)	($13)	($20)	($16)	($8)	($1)	$2	$1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$650	$650	$721	$652	$584	$444	$468	$427	$422	$352	$344	$461	$334	$303	$271	$275	$239	$222	$212	$189	$163	$126	$110	$89	$79	$64	$54	$40	$31	$22	$16	$11
Income tax expense	($116)	($116)	($124)	($114)	($116)	($47)	($68)	($54)	($69)	($85)	($86)	($122)	($93)	($92)	($72)	($86)	($68)	($72)	($67)	($64)	($53)	($43)	($38)	($31)	($28)	($23)	($21)	($14)	($12)	($10)	($7)	($5)
Net income	$533	$533	$597	$537	$468	$397	$400	$373	$353	$267	$258	$339	$241	$212	$199	$189	$171	$150	$145	$125	$110	$83	$72	$58	$51	$41	$33	$25	$19	$13	$9	$6
Per share
Diluted EPS (GAAP)	$14.57	$14.57	$15.55	$13.91	$12.04	$10.25	$10.36	$9.65	$9.08	$6.78	$6.51	$8.19	$5.71	$4.92	$4.45	$4.12	$3.61	$3.13	$2.97	$2.50	$2.14	$1.64	$1.43	$0.77	$0.99	$0.78	$0.43	$0.49	$0.39	$0.29	$0.18	$0.15
Basic EPS (GAAP)	$14.63	$14.63	$15.74	$14.11	$12.26	$10.48	$10.56	$9.83	$9.25	$6.90	$6.55	$8.29	$5.80	$4.98	$4.53	$4.22	$3.72	$3.22	$3.07	$2.60	$2.24	$1.70	$1.50	$0.80	$1.02	$0.81	$0.67	$0.53	$0.39	$0.29	$0.18	$0.15
Basic shares outstanding	36	36	38	38	38	38	38	38	38	39	39	41	42	42	44	45	46	47	47	48	49	49	48	73	50	50	50	48	47	43	49	43
Margins
Gross margin	50.6%	50.6%	52.7%	54.1%	53.3%	52.8%	50.6%	53.5%	53.8%	51.2%	53.6%	56.8%	59.7%	61.6%	64.3%	65.8%	66.3%	67.8%	66.3%	66.8%	67.9%	68.7%	70.6%	70.5%	70.2%	67.0%	65.1%	74.9%	73.5%	69.6%	68.0%	78.3%
Operating margin	28.3%	28.3%	32.2%	31.8%	30.2%	25.8%	29.8%	29.4%	30.5%	27.1%	28.8%	31.0%	33.0%	32.8%	31.4%	33.9%	32.8%	34.6%	33.9%	32.0%	32.6%	31.3%	34.9%	34.8%	34.5%	69.9%	28.8%	29.2%	27.6%	26.4%	25.5%	24.2%
Net margin	21.5%	21.5%	25.7%	24.4%	22.4%	21.5%	25.1%	25.0%	24.6%	19.8%	21.1%	30.1%	23.9%	23.0%	23.1%	23.4%	23.5%	23.4%	23.3%	21.7%	23.0%	21.4%	23.0%	23.0%	23.1%	19.8%	18.9%	18.8%	17.9%	16.2%	15.2%	14.7%

Analyst consensus

Hold30 analysts

Bearish · 7 · Hold · 20 · Bullish · 3

Earnings history

	EPS	Estimate
Q1 2025	$4.37	$4.25	Beat
Q2 2025	$4.28	$4.17	Beat
Q3 2025	$4.27	$4.30	Miss
Q4 2025	$4.05	$4.13	Miss
Q1 2026	$4.51	$4.36	Beat
Q2 2026	$4.46	$4.38	Beat
Q3 2026	$4.53	$4.45	Beat
Q4 2026	$4.52	$4.35	Beat

Peers

Company overview

IPO dateJun 28, 1996

CEOSanoke Viswanathan

Employees12,694

SectorFinancial Services

IndustryFinancial - Data & Stock Exchanges

CountryUS

ExchangeNew York Stock Exchange

Websitewww.factset.com

FactSet Research Systems Inc. is a financial intelligence firm providing a comprehensive suite of integrated data and analytical software. The company serves the global investment community, with its operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. FactSet delivers critical insights and information through specialized workflow solutions covering research, analytics, and trading, complemented by its content, technology platforms, and wealth management resources. Its diverse clientele includes portfolio managers, investment banks, asset managers, wealth advisors, corporate entities, and various other financial sector organizations. FactSet was established in 1978 and is headquartered in Norwalk, Connecticut.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.