Loading…
FactSet Research Systems Inc., together with its subsidiaries, operates as a financial digital platform and enterprise solutions provider for the investment community. It offers data, products, and analytical applications; and workstations, portfolio analytics, and enterprise data solutions, as well as managed services for supporting data, performance, risk, and reporting workflows. The company also provides subscription-based financial data and market intelligence on securities, companies, industries, and people that enable clients to research investment ideas, as well as analyze, monitor, and manage portfolios; and solutions covering investment lifecycle of investment research, portfolio construction and analysis, trade execution, performance measurement, risk management, and reporting. In addition, it offers services through configurable desktop and mobile platform, data feeds, cloud-based digital solutions, and application programming interfaces. It operates in Europe, the Middle East, Africa, the Americas, the Asia Pacific, and internationally. The company serves investment professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, and private equity and venture capital professionals. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.3B | $966M | $597M | $617M | 27.3% | 5.4% | 11.2% |
| 2024 | $2.2B | $873M | $537M | $615M | 28.1% | 5.6% | 14.7% |
| 2023 | $2.1B | $788M | $468M | $585M | 28.9% | 13.1% | 18.0% |
| 2022 | $1.8B | $609M | $397M | $487M | 29.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,843.89 | 2,085.51 | 2,203.06 | 2,321.75 |
| Operating Revenue | - | 1,843.89 | 2,085.51 | 2,203.06 | 2,321.75 |
| Cost Of Revenue | - | 871.11 | 973.22 | 1,011.94 | 1,097.78 |
| Gross Profit | - | 972.79 | 1,112.28 | 1,191.11 | 1,223.97 |
| Operating Expense | - | 433.03 | 483.08 | 489.81 | 475.66 |
| Selling General And Administration | - | 433.03 | 483.08 | 489.81 | 475.66 |
| Total Expenses | - | 1,304.14 | 1,456.30 | 1,501.76 | 1,573.44 |
| Operating Income | - | 539.75 | 629.21 | 701.30 | 748.30 |
| Total Operating Income As Reported | - | 475.48 | 629.21 | 701.30 | 748.30 |
| EBITDA | - | 609.01 | 788 | 872.88 | 965.96 |
| Normalized EBITDA | - | 673.28 | 788 | 872.88 | 965.96 |
| EBIT | - | 479.29 | 650.27 | 717.28 | 777.28 |
| Interest Income | - | 6.18 | 12.81 | 14.45 | 6.53 |
| Interest Expense | - | 35.70 | 66.32 | 65.78 | 56.32 |
| Net Interest Income | - | -29.52 | -53.51 | -51.33 | -49.79 |
| Other Non Operating Income Expenses | - | -2.37 | 8.26 | 1.54 | 22.45 |
| Other Income Expense | - | -66.64 | 8.26 | 1.54 | 22.45 |
| Interest Income Non Operating | - | 6.18 | 12.81 | 14.45 | 6.53 |
| Interest Expense Non Operating | - | 35.70 | 66.32 | 65.78 | 56.32 |
| Net Non Operating Interest Income Expense | - | -29.52 | -53.51 | -51.33 | -49.79 |
| Pretax Income | - | 443.59 | 583.95 | 651.50 | 720.96 |
| Tax Provision | - | 46.68 | 115.78 | 114.38 | 123.92 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -6.75 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Net Income From Continuing And Discontinued Operation | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Net Income From Continuing Operation Net Minority Interest | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Net Income | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Net Income Common Stockholders | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Net Income Including Noncontrolling Interests | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Normalized Income | - | 454.44 | 468.17 | 537.13 | 597.04 |
| Diluted NI Availto Com Stockholders | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Basic Average Shares | - | 38.04 | 38.19 | 38.06 | 37.92 |
| Diluted Average Shares | - | 38.74 | 38.90 | 38.62 | 38.38 |
| Reconciled Depreciation | - | 129.72 | 137.73 | 155.59 | 188.67 |
| Reconciled Cost Of Revenue | - | 871.11 | 973.22 | 1,011.94 | 1,097.78 |
| Total Unusual Items | 0 | -64.27 | -25.95 | -4.68 | - |
| Total Unusual Items Excluding Goodwill | 0 | -64.27 | -25.95 | -4.68 | - |
| Special Income Charges | 0 | -64.27 | -25.95 | -4.68 | - |
| Impairment Of Capital Assets | 0 | 64.27 | 25.95 | 4.68 | - |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| FactSet Research Systems Inc.this co. | FDS | $9.3B | 15.56↓ discount | 4.25 | 27.3% | 10.88 |
| Virtu Financial, Inc. | VIRT | $11.1B | 25.30 | 7.00 | 27.7% | 9.56 |
| StoneX Group Inc. | SNEX | $9.0B | 29.55 | 3.80 | 12.9% | 13.05 |
| Jackson Financial Inc. | JXN | $7.4B | 273.73 | 0.78 | 0.3% | - |
| PJT Partners Inc. | PJT |
| - |
| - |
| - |
| - |
| - |
| - |
| $6.5B |
| 36.27 |
| 21.19 |
| 58.4% |
| 16.26 |
| Lincoln National Corporation | LNC | $6.5B | 5.53 | 0.66 | 11.9% | - |
| StepStone Group Inc. | STEP | $5.8B | - | - | 129.6% | - |
| Ameris Bancorp | ABCB | $5.7B | 13.90 | 1.41 | 10.1% | - |
| Enact Holdings, Inc. | ACT | $5.7B | 8.48 | 1.07 | 12.6% | - |
| Peer Median | - | 25.30 | 1.41 | 12.7% | 13.05 | |