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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 |
| 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 |
| Operating Income | - | 539.75 | 629.21 | 701.30 | 748.30 |
| EBITDA | - | 609.01 | 788 | 872.88 | 965.96 |
| EBIT | - | 479.29 | 650.27 | 717.28 | 777.28 |
| Pretax Income | - | 443.59 | 583.95 | 651.50 | 720.96 |
| Tax Provision | - | 46.68 | 115.78 | 114.38 | 123.92 |
| Net Income | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Net Income Common Stockholders | - | 396.92 | 468.17 | 537.13 | 597.04 |
| Total Expenses | - | 1,304.14 | 1,456.30 | 1,501.76 | 1,573.44 |
| Interest Expense | - | 35.70 | 66.32 | 65.78 | 56.32 |
| Interest Income | - | 6.18 | 12.81 | 14.45 | 6.53 |
| Selling General And Administration | - | 433.03 | 483.08 | 489.81 | 475.66 |
| Normalized EBITDA | - | 673.28 | 788 | 872.88 | 965.96 |
| Normalized Income | - | 454.44 | 468.17 | 537.13 | 597.04 |
| Market Cap | 8,164.94 | 8,164.94 | 8,164.94 | 8,164.94 | 8,164.94 |
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 | $8.5B | 13.68↓ discount | 3.73 | 27.3% | 9.72 |
| StoneX Group Inc. | SNEX | $7.8B | 27.31 | 3.51 | 12.9% | 12.71 |
| Enact Holdings, Inc. | ACT | $6.5B | 9.18 | 1.16 | 12.6% | - |
| MarketAxess Holdings Inc. | MKTX | $6.1B | 23.52 | 5.06 | 21.5% | 12.30 |
| Victory Capital Holdings, Inc. | VCTR |
| - |
| - |
| - |
| - |
| - |
| - |
| $5.9B |
| 14.11 |
| 1.92 |
| 13.6% |
| 9.48 |
| Axos Financial, Inc. | AX | $5.4B | 12.50 | 2.02 | 16.1% | - |
| Mercury General Corporation | MCY | $5.3B | 9.88 | 2.21 | 22.4% | - |
| HA Sustainable Infrastructure Capital, Inc. | HASI | $5.2B | 28.91 | 2.07 | 7.2% | - |
| Moelis & Company | MC | $5.1B | 21.45 | 8.80 | 41.0% | 16.65 |
| Peer Median | - | 17.78 | 2.14 | 14.9% | 12.50 | |