Factset Research Systems Inc. · NYSE:FDS

Factset Research Systems — Q3 2025 Earnings Presentation

22 slides from Factset Research Systems's earnings presentation, Jun 23, 2025

  1. Slide 1: FactSet Earnings Call Third Quarter Fiscal 2025

    Monday, June 23, 2025 FactSet Earnings Call Third Quarter Fiscal 2025 Copyright © 2025 2022 FactSet Research Systems Inc. All rights reserved. FactSet Confidential: Business Do not Useforward. Only

  2. Slide 2: Forward-Looking Statements and Non-GAAP Measures

    Forward-Looking Statements and Non-GAAP Measures This presentation, and other statements that FactSet may make in connection with this presentation, contains forward-looking statements based on management's current expectations, assumptions, estimates, forecasts and projections about future events a

  3. Slide 3: Agenda

    Agenda • Welcome • Business Update • Financial Overview • Questions and Answers • Appendix Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward. Copyright © 2025 FactSet Research Systems Inc. All rights reserved. Business Use Only 3

  4. Slide 4: Business Update

    Business Update Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  5. Slide 5: Key Metrics - Third Quarter 2025

    Key Metrics - Third Quarter 2025 1 2 2 4.5% 36.8% $4.27 ORGANIC ASV ADJUSTED ADJUSTED GROWTH + OPERATING + DILUTED MARGIN EPS Driven by the strength of our Decreased 270 bps mainly due Decreased 2.3% year over recurring sales model and to lapping of both a lower year mainly due to higher disciplined

  6. Slide 6: Key Operational Metrics

    Key Operational Metrics >95% 220,496 ASV RETENTION USER COUNT ASV retained from clients over the last twelve months. Number of individuals accessing FactSet’s solutions.1 No change versus 2024 | Q3 6% change since 2024 | Q3 91% 8,811 CLIENT RETENTION CLIENT COUNT Percentage of clients retained over

  7. Slide 7: ASV Growth Rates by Global Segments

    ASV Growth Rates by Global Segments * $2,297M Organic ASV + 4.5% $575M $236M EMEA ASIAPAC +2% +7% $1,486M AMERICAS +5% * LTM Organic ASV Growth Rate based on last twelve months as of May 31, 2025 Note: Figures may not foot due to rounding Copyright © 2025 FactSet Research Systems Inc. All rights res

  8. Slide 8: Now, we are on a mission to supercharge financial intelligence

    Now, we are on a mission to supercharge financial intelligence Maximize the value Innovate across Deliver value to our of our data and workflows to maintain clients as their enterprise technology and build leadership partner of choice ecosystem Copyright © 2025 FactSet Research Systems Inc. All righ

  9. Slide 9: Financial Overview

    Financial Overview Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  10. Slide 10: Third Quarter 2025 Financial Results

    Third Quarter 2025 Financial Results* (in thousands, except per share data) 5.9% 4.4% (4.1)% (1.2)% (350)bps (270)bps Revenues Organic Revenues Operating Income Adjusted Operating Operating Margin Adjusted Operating 5/31/25 $585,520 5/31/25 $577,200 5/31/25 $194,155 Income 5/31/25 33.2% Margin 5/31/

  11. Slide 11: Returning Capital to Shareholders

    Returning Capital to Shareholders FactSet has steadily increased annual dividends and continued share repurchases in the third quarter 2025 (in millions, except per share data) $455.83 $437.40 $403.44 $410.64 $330.26 $270.10 $241.08 $235 $197.06 $177 $162.62 $194 $19 $201 $265 $304 $220 $261 $126 $1

  12. Slide 12: We Reaffirm our Fiscal 2025 Guidance

    We Reaffirm our Fiscal 2025 Guidance FISCAL 2025 OUTLOOK As of June 23, 2025 $100 - $130 million Organic ASV Growth1 (~4.4% to ~5.8%) Revenues $2,305 - $2,325 million GAAP Operating Margin 32.0% - 33.0% Adjusted Operating Margin 36.0% - 37.0% GAAP Effective Tax Rate 17.0% - 18.0% GAAP Diluted EPS $1

  13. Slide 13: Questions & Answers

    Questions & Answers Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  14. Slide 14: Appendix

    Appendix Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

  15. Slide 15: Third Quarter 2025 Adjusted Operating Income Walk

    Third Quarter 2025 Adjusted Operating Income Walk (in millions) $586 $230 $28 $64 $16 $33 $215 Revenue People Third Party Technology Real Estate Other Adjusted Operating Content Income Figures as of May 31, 2025 Note: Figures may not foot due to rounding Copyright © 2025 FactSet Research Systems Inc

  16. Slide 16: Non-GAAP Reconciliations: Organic Revenues

    Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED (Unaudited) May 31, 2025 May 31, 2024 % Change GAAP Revenues $ 585,520 $ 552,708 5.9% Acquired Revenues (7,781) — Currency Impact (539) — Organic Revenues $ 577,200 $ 552,708 4.4% Note: Columns may not foot due to ro

  17. Slide 17: Non-GAAP Reconciliations: Adjusted Operating Income, Margin, Net Income

    Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income (in thousands, except per share data) FOR THE THREE MONTHS ENDED (Unaudited) May 31, 2025 May 31, 2024 % Change GAAP operating income $194,155 $202,459 (4.1)% Intangible asset amortization 19,182 16,674 Business acquisitions and

  18. Slide 18: Non-GAAP Reconciliations: EBITDA

    Non-GAAP Reconciliations EBITDA (in thousands) FOR THE THREE MONTHS ENDED (Unaudited) May 31, 2025 May 31, 2024 % Change Net income $ 148,542 $ 158,135 (6.1)% Interest expense 15,122 16,894 Income taxes 31,406 32,397 Depreciation and amortization expense 40,845 32,504 EBITDA $ 235,915 $ 239,930 (1.7

  19. Slide 19: Non-GAAP Reconciliations: Adjusted Diluted EPS

    Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) FOR THE THREE MONTHS ENDED (Unaudited) May 31, 2025 May 31, 2024 % Change GAAP diluted earnings per common share $ 3.87 $ 4.09 (5.4)% Intangible asset amortization 0.36 0.30 Business acquisitions and related costs 0.

  20. Slide 20: Non-GAAP Reconciliations: Free Cash Flow

    Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED (Unaudited) May 31, 2025 May 31, 2024 % Change Net Cash Provided by Operating Activities $ 253,833 $ 238,235 6.5 % Capital Expenditures (25,230) (21,339) Free Cash Flow $ 228,603 $ 216,896 5.4 % Note: Columns may not f

  21. Slide 21: Non-GAAP Reconciliations: Business Outlook

    Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in millions, except per share data) Fiscal 2025 (Forward Looking) Low End of Range High End of Range Revenues $2,305 $2,325 Operating Income $761 $744 Operating Margin 33.0 % 32.0 % Intangible Asset Amortization

  22. Slide 22: Thank you

    Thank you Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.

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