Slide 1: FactSet Earnings Call Second Quarter Fiscal 2025
Thursday, March 20, 2025 FactSet Earnings Call Second Quarter Fiscal 2025 Copyright © 2025 2022 FactSet Research Systems Inc. All rights reserved. FactSet Confidential: Business Do not Useforward. Only
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
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
Slide 4: Business Update
Business Update Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.
Slide 5: Key Metrics - Second Quarter 2025
Key Metrics - Second Quarter 2025 1 2 2 4.1% 37.3% $4.28 ORGANIC ASV ADJUSTED ADJUSTED GROWTH + OPERATING + DILUTED MARGIN EPS Driven by the strength of our Decreased 100 bps mainly Increased 1.4% year over year recurring sales model and due to higher technology driven by growth in revenues, discipl
Slide 6: Key Operational Metrics
Key Operational Metrics >95% 219,141 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 | Q2 6% change since 2024 | Q2 91% 8,645 CLIENT RETENTION CLIENT COUNT Percentage of clients retained over
Slide 7: ASV Growth Rates by Global Segments
ASV Growth Rates by Global Segments * $2,276M Organic ASV + 4.1% $571M $230M EMEA ASIAPAC +3% +7% $1,475M AMERICAS +4% * LTM Organic ASV Growth Rate based on last twelve months as of February 28, 2025 Note: Figures Copyright © 2022may not foot FactSet due to Systems Research rounding Inc. All rights
Slide 8: Our 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 © 2022 FactSet Research Systems Inc. All righ
Slide 9: Financial Overview
Financial Overview Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.
Slide 10: Second Quarter 2025 Financial Results
Second Quarter 2025 Financial Results* (in thousands, except per share data) 4.5% 4.0% 2.0% 1.6% (80)bps (100)bps Revenues Organic Revenues Operating Income Adjusted Operating Operating Margin Adjusted Operating 2/28/25 $570,660 2/28/25 $567,985 2/28/25 $185,492 Income 2/28/25 32.5% Margin 2/29/24 $
Slide 11: Returning Capital to Shareholders
Returning Capital to Shareholders FactSet has steadily increased annual dividends and continued share repurchases in the second quarter 2025 (in millions except share price) $469.10 $437.40 $403.44 $410.64 $330.26 $270.10 $241.08 $235 $197.06 $177 $162.62 $19 $201 $265 $113 $304 $220 $261 $126 $139
Slide 12: Fiscal 2025 Outlook: Narrowing organic ASV growth guidance range
Narrowing our organic ASV growth guidance range and reaffirming adjusted operating margin and EPS guidance. Increasing Revenues range and decreasing GAAP margin and EPS ranges to reflect recent acquisitions FISCAL 2025 OUTLOOK FISCAL 2025 OUTLOOK As of December 19, 2024 As of March 20, 2025 $90 - $1
Slide 13: Questions & Answers
Questions & Answers Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.
Slide 14: Appendix
Appendix Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.
Slide 15: Completing the End-to-End Portfolio Lifecycle (PLC)
Completing the End-to-End Portfolio Lifecycle (PLC) Closing our PLC gaps to unlock new growth opportunities in the Front Office and strengthen leadership in the Middle Office by connecting adjacent workflows and further differentiating FactSet’s value proposition FRONT OFFICE MIDDLE OFFICE PORTFOLIO
Slide 16: Second Quarter 2025 Adjusted Operating Income Walk
Second Quarter 2025 Adjusted Operating Income Walk (in millions) $571 $225 $28 $60 $16 $29 $213 Revenue People Third Party Technology Real Estate Other Adjusted Operating Content Income Figures as of February 28, 2025 Note: Columns Copyright © 2022 may not foot FactSet due toSystems Research roundin
Slide 17: Non-GAAP Reconciliations: Organic Revenues
Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED (Unaudited) February 28, 2025 February 29, 2024 % Change GAAP Revenues $ 570,660 $ 545,945 4.5% Acquired Revenues (3,793) — Currency Impact 1,118 — Organic Revenues $ 567,985 $ 545,945 4.0% Note: Columns may not foot
Slide 18: 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) February 28, 2025 February 29, 2024 % Change GAAP operating income $185,492 $181,942 2.0% Intangible asset amortization 18,137 16,674 Business acquisiti
Slide 19: Non-GAAP Reconciliations: EBITDA
Non-GAAP Reconciliations EBITDA (in thousands) FOR THE THREE MONTHS ENDED (Unaudited) February 28, 2025 February 29, 2024 % Change Net income $ 144,860 $ 140,940 2.8 % Interest expense 13,916 16,599 Income taxes 27,460 27,705 Depreciation and amortization expense 38,410 31,582 EBITDA $ 224,646 $ 216
Slide 20: Non-GAAP Reconciliations: Adjusted Diluted EPS
Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) FOR THE THREE MONTHS ENDED (Unaudited) February 28, 2025 February 29, 2024 % Change GAAP diluted earnings per common share $ 3.76 $ 3.65 3.0 % Intangible asset amortization 0.35 0.32 Business acquisitions and related
Slide 21: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED (Unaudited) February 28, 2025 February 29, 2024 % Change Net Cash Provided by Operating Activities $ 173,955 $ 143,798 Capital Expenditures (23,736) (21,917) Free Cash Flow $ 150,219 $ 121,881 23.3 % Note: Columns may
Slide 22: 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
Slide 23: Thank you
Thank you Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward.