Factset Research Systems Inc. · NYSE:FDS

Factset Research Systems — Q4 2025 Earnings Presentation

23 slides from Factset Research Systems's earnings presentation, Sep 18, 2025

  1. Slide 1: FactSet Earnings Call: Fourth Quarter and Fiscal 2025

    Thursday, September 18, 2025 FactSet Earnings Call Fourth Quarter and 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: Fiscal 2025 - Key Accomplishments

    Fiscal 2025 - Key Accomplishments AI Investments: executing on our multi-year AI roadmap 45 + Organic ASV Growth 1 $ 127M Unveiled FactSet’s Intelligent Platform building on our AI blueprint and integrating conversational AI at the platform level Launched 6 AI products helping automate complex tasks

  6. Slide 6: Key Metrics - Fourth Quarter 2025

    Key Metrics - Fourth Quarter 2025 1 2 2 5.7% 33.8% $4.05 ORGANIC ASV ADJUSTED ADJUSTED GROWTH + OPERATING + DILUTED MARGIN EPS Fueled by recent wins in Wealth Decreased 200 bps mainly due Increased 8.3% year over year and Asset Management, to lapping of the prior year's mainly due to growth in under

  7. Slide 7: ASV Growth Rates by Global Segments & Firm Type

    ASV Growth Rates by Global Segments & Firm Type* $2,371M Organic ASV + 5.7% $371M $586M $243M WEALTH EMEA ASIAPAC +10% +4% +7% $401M $1,156M PARTNERSHIPS & CGS INSTITUTIONAL +8% BUY-SIDE $1,542M +4% AMERICAS $443M +6% DEALMAKERS +4% * LTM organic growth rate based on August 31, 2025. Annual Subscrip

  8. Slide 8: Key Operational Metrics

    Key Operational Metrics >95% 237,324 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 | Q4 10% change since 2024 | Q4 91% 8,996 CLIENT RETENTION CLIENT COUNT Percentage of clients retained over

  9. Slide 9: Financial Overview

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

  10. Slide 10: Fourth Quarter 2025 Financial Results

    Fourth Quarter 2025 Financial Results* (in thousands, except per share data) 6.2% 4.5% 38.7% 0.1% 700bps (200)bps Revenues Organic Revenues Operating Income Adjusted Operating Operating Margin Adjusted Operating 8/31/25 $596,901 8/31/25 $587,326 8/31/25 $177,321 Income 8/31/25 29.7% Margin 8/31/24 $

  11. Slide 11: Returning capital to shareholders

    Returning capital to shareholders FactSet has steadily increased annual dividends and continued share repurchases in fiscal 2025 (in millions, except per share data) $437.40 $438.65 $403.44 $410.64 $330.26 $270.10 $300 $241.08 $235 $197.06 $177 $162.62 $19 $201 $265 $304 $220 $261 $139 $151 $160 $10

  12. Slide 12: We are on a mission to supercharge financial intelligence

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

  13. Slide 13: Fiscal 2026 Outlook

    Fiscal 2026 Outlook FISCAL 2026 OUTLOOK1 $100 - $150 million Organic ASV Growth2 (~4.2% to ~6.2%) Revenues $2,423 - $2,448 million GAAP Operating Margin 29.5% - 31.0% Adjusted Operating Margin 34.0% - 35.5% Effective Tax Rate 18.0% - 19.0% GAAP Diluted EPS $14.55 - $15.25 Adjusted Diluted EPS $16.90

  14. Slide 14: Questions & Answers

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

  15. Slide 15: Appendix

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

  16. Slide 16: Fourth Quarter 2025 Adjusted Operating Income Walk

    Fourth Quarter 2025 Adjusted Operating Income Walk (in millions) $597 $240 $32 $67 $18 $39 $202 Revenue People Third Party Technology Real Estate Other Adjusted Operating Content Income Figures as of August 31, 2025 Note: Figures may not foot due to rounding Copyright © 2025 FactSet Research Systems

  17. Slide 17: Non-GAAP Reconciliations: Organic Revenues

    Non-GAAP Reconciliations Organic Revenues (in thousands) FOR THE THREE MONTHS ENDED FOR THE YEAR ENDED (Unaudited) August 31, August 31, % Change August 31, August 31, % Change 2025 2024 2025 2024 GAAP Revenues $ 596,901 $ 562,187 6.2% $ 2,321,748 $ 2,203,056 5.4 % Acquired Revenues (8,393) — (20,66

  18. 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 FOR THE YEAR ENDED (Unaudited) August 31, 2025 August 31, 2024 % Change August 31, 2025 August 31, 2024 % Change GAAP operating income $ 177,321 $ 127,858 38.7% $ 7

  19. Slide 19: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA

    Non-GAAP Reconciliations EBITDA and Adjusted EBITDA (in thousands) FOR THE THREE MONTHS ENDED FOR THE YEAR ENDED (Unaudited) August 31, 2025 August 31, 2024 % Change August 31, 2025 August 31, 2024 % Change Net income $ 153,616 $ 89,496 71.6 % $ 597,040 $ 537,126 11.2 % Interest expense 12,886 15,54

  20. 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 FOR THE YEAR ENDED (Unaudited) August 31, 2025 August 31, 2024 % Change August 31, August 31, % Change 2025 2024 GAAP diluted earnings per common share $ 4.03 $ 2.32 73.7 % $ 15.55 $ 13.91

  21. Slide 21: Non-GAAP Reconciliations: Free Cash Flow

    Non-GAAP Reconciliations Free Cash Flow (in thousands) FOR THE THREE MONTHS ENDED FOR THE YEAR ENDED August 31, August 31, August 31, August 31, (Unaudited) 2025 2024 % Change 2025 2024 % Change Net Cash Provided by Operating $ 212,100 $ 163,161 30.0 % $ 726,260 $ 700,338 3.7 % Activities Capital Ex

  22. 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 2026 (Forward Looking) Low End of Range High End of Range Revenues $2,423 $2,448 Operating Income $750 $720 Operating Margin 31.0 % 29.5 % Intangible Asset Amortization

  23. Slide 23: Thank you

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

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