Slide 1: FactSet Earnings Call: Fourth Quarter and Fiscal 2026
Wednesday, September 30, 2026 FactSet Earnings Call Fourth Quarter and Fiscal 2026 Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 1
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,
Slide 3: Agenda
Agenda • Welcome • Business Update • Financial Overview • Questions and Answers • Appendix Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 3
Slide 4: Business Update
Business Update Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 4
Slide 5: Fiscal 2026 - Key Accomplishments
Fiscal 2026 - Key Accomplishments AI: scaling adoption and driving client impact 47 168M ✓ Organic AI Solutions ASV added in fiscal 2026 more than doubled year over year ASV Growth 1 $ Launched FactSet’s MCP server, expanding access to trusted FactSet data across AI environments years of vs. $130 -
Slide 6: Our Foundational Strengths
Our Foundational Strengths 1 2 3 4 Connected Embedded Service Broad + Deep Data Workflows Excellence Distribution • High quality, enriched • Built into clients’ data pipes • Best-in-class model • 9K+ clients globally content and decision engines combining technology with • 260K+ users • Over 1,000 d
Slide 7: Strategic Priorities: Drive Profitable Growth
Strategic Priorities Drive 1. Commercial Excellence Sharpening sales execution to reinvigorate top-line growth Deliver 2. Productivity Improvements Reducing complexity, applying modern Drive Profitable tools and streamlining operations Growth Solidify 3. Long-Term Strategy Positioning FactSet for su
Slide 8: FactSet Creating Value in an AI-Centric World
FactSet Creating Value in an AI-Centric World Organic ASV Growth1 Client AI Adoption2 MCP Usage 7.1% 7.0% 6.7% 650+ 7x Clients Actively Consuming MCP Data Higher API Call Volume 5.9% (Paid + Trials) (QoQ) 5.7% AI Monetization 4.5% 4.5% 4.1% 10%+ 2x AI Solutions Share of Faster ASV Growth Rate Q4 ASV
Slide 9: Financial Overview
FACTSET Financial Overview
Slide 10: Key Metrics – Fourth Quarter 2026
Key Metrics – Fourth Quarter 2026 7.0% 1 33.0% 2 $4.52 2 Organic ASV Growth Adjusted Operating Margin Adjusted Diluted EPS 1 LTM organic growth rate based on August 31, 2026. Annual Subscription Value (ASV) at any given point in time represents the forward-looking revenues for the next twelve months
Slide 11: FactSet By The Numbers
FactSet By The Numbers SCALE CLIENT STRENGTH TRACK RECORD CLIENT LEADERSHIP ~$2.6B 95%+ 47 Institutional Buy-Side Banking Annual ASV Consecutive Years Subscription Value (ASV) Retention Rate of Revenue Growth 95 45 of Top 100 Global of Top 50 Asset Managers Global Investment Banks 80+ 16+ 30 Countri
Slide 12: Organic ASV and Growth by Global Segments and Client Type
Organic ASV and Growth by Global Segments and Client Type* Global Segments Americas $1,678M +7% Organic ASV EMEA $624M +5% AsiaPac $266M +11% $2,568M Client Type Institutional Buy-Side $1,235M +5% 7.0% Dealmakers $493M +9% Wealth $407M +9% Market Infrastructure1 $433M +8% * Organic ASV as of August
Slide 13: Fourth Quarter 2026 Financial Results
Fourth Quarter 2026 Financial Results* (in millions, except per share data) Revenues Organic Revenues Operating Income Adjusted Operating Income +6.3% +7.1% +3.8% (11.7)% $597 $635 $594 $636 $177 $157 $202 $209 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Q4 FY25 Q4 FY26 Margin 29.7% 24.7% (500)
Slide 14: Strong Balance Sheet, Credit Profile, & Shareholder Returns
Strong Balance Sheet, Credit Profile, & Shareholder Returns Committed to maintaining investment grade rating Consistent return of capital to shareholders (in millions) Moody’s Fitch Baa3 BBB+ $808 Stable Stable Q4 FY26 1.5x $460 $644 1.2x $300 $160 $164 FY21 FY22 FY23 FY24 FY25 FY26 Q4 FY25 (LTM) Q4
Slide 15: Debt Maturity Profile
Debt Maturity Profile Debt Outstanding by Fiscal Year of Maturity Debt Outstanding: $1,375M ($M) Bonds Credit Facility Gross Leverage: 1.5x Revolver Facility maturing August 2031 $1,500 (undrawn) Senior Notes @ 2.9% Senior Notes @ 3.45% maturing March 2027 maturing March 2032 Term Facility maturing
Slide 16: Fiscal 2027 Outlook
Fiscal 2027 Outlook Guidance1 Organic ASV Growth2 5.0% - 6.5% Revenues $2,600 - $2,625 million GAAP Adjusted Operating Margin 31.0% - 32.0% 34.75% - 35.25% Diluted EPS $17.00 - $17.50 $19.25 - $19.65 1 FactSet's expectations as of September 30, 2026. 2 Expected Organic ASV growth for fiscal 2027 rel
Slide 17: Questions & Answers
Questions & Answers Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 17
Slide 18: Appendix
Appendix Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 18
Slide 19: Fourth Quarter 2026 Adjusted Operating Income Walk
Fourth Quarter 2026 Adjusted Operating Income Walk (in millions) $635 $262 $32 $76 $15 $41 $209 Revenue People Third Party Technology Real Estate Other Adjusted Content Operating Income Figures as of August 31, 2026 Note: Figures may not foot due to rounding Copyright © 2026 FactSet Research Systems
Slide 20: Non-GAAP Reconciliations: Organic Revenues
Non-GAAP Reconciliations: Organic Revenues (in thousands) For the Three Months Ended For the Twelve Months Ended (Unaudited) August 31, 2026 August 31, 2025 % Change August 31, 2026 August 31, 2025 % Change GAAP revenues $ 634,698 $ 596,901 6.3 % $ 2,476,256 $ 2,321,748 6.7 % Acquired Revenues — — (
Slide 21: Non-GAAP Reconciliations: Adjusted Operating Income and Margin
Non-GAAP Reconciliations: Adjusted Operating Income and Margin (in thousands, except per share data) For the Three Months Ended For the Twelve Months Ended (Unaudited) August 31, 2026 August 31, 2025 % Change August 31, 2026 August 31, 2025 % Change GAAP operating income $ 156,624 $ 177,321 (11.7) %
Slide 22: Non-GAAP Reconciliations: Adjusted Net Income
Non-GAAP Reconciliations: Adjusted Net Income (in thousands, except per share data) For the Three Months Ended For the Twelve Months Ended (Unaudited) August 31, 2026 August 31, 2025 % Change August 31, 2026 August 31, 2025 % Change GAAP net income $ 121,127 $ 153,616 (21.1) % $ 533,481 $ 597,040 (1
Slide 23: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA (in thousands) For the Three Months Ended For the Twelve Months Ended (Unaudited) August 31, 2026 August 31, 2025 % Change August 31, 2026 August 31, 2025 % Change Net income 121,127 153,616 (21.1) % 533,481 597,040 (10.6) % Interest expense 14,39
Slide 24: Non-GAAP Reconciliations: Adjusted Diluted EPS
Non-GAAP Reconciliations: Adjusted Diluted EPS (in thousands), except per share data For the Three Months Ended For the Twelve Months Ended (Unaudited) August 31, 2026 August 31, 2025 % Change August 31, 2026 August 31, 2025 % Change Diluted EPS 3.41 4.03 (15.4) % 14.57 15.55 (6.3) % Intangible asse
Slide 25: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations: Free Cash Flow (in thousands) For the Three Months Ended For the Twelve Months Ended (Unaudited) August 31, 2026 August 31, 2025 % Change August 31, 2026 August 31, 2025 % Change Net Cash Provided for Operating Activities $ 204,708 $ 212,100 (3.5) % $ 822,200 $ 726,260 13.2
Slide 26: Non-GAAP Reconciliations: Business Outlook
Non-GAAP Reconciliations: Business Outlook (in millions, except per share data) Fiscal 2027 Guidance Revenues $2,600 - $2,625 Operating income $806 - $840 Operating margin 31.0% - 32.0% Amortization of intangible assets and other discrete items $85 - $97 Adjusted operating income $903 - $925 Adjuste
Slide 27: Thank you!
Thank you! Copyright © 2025 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 27