Slide 1: FactSet Earnings Call Second Quarter Fiscal 2026
Tuesday, March 31, 2026 FactSet Earnings Call Second Quarter 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: Key Metrics – Second Quarter 2026
Key Metrics – Second Quarter 2026 6.7% 1 35.0% 2 $4.46 2 Organic ASV Growth Adjusted Operating Margin Adjusted Diluted EPS 1 LTM organic growth rate based on February 28, 2026. Annual Subscription Value (ASV) at any given point in time represents the forward-looking revenues for the next twelve mont
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 • 241K+ users • Over 1000 da
Slide 7: Strategic Priorities: Accelerate Sustainable Growth
Strategic Priorities Drive 1. Commercial Excellence Sharpening sales execution to reinvigorate top-line growth Deliver 2. Productivity Improvements Reducing complexity, applying modern Accelerate Sustainable tools and streamlining operations Growth Solidify 3. Long-Term Strategy Positioning FactSet
Slide 8: Connected Data for Mission Critical Financial Workflows
Connected Data for Mission Critical Financial Workflows Proprietary, differentiated, and thereby integral to clients operating to zero error tolerance standards • Extensive repository spanning decades, including documents aggregated from sources no longer accessible Data Depth and • Sourced from the
Slide 9: Anatomy of a VaR Calculation for a Multi-Asset Class Portfolio
Anatomy of a VaR Calculation for a Multi-Asset Class Portfolio 250+ Fields / Security 1,000+ Risk Factors 100K+ Data Inputs for Calculations Thousands of Simulations Millions of Security Returns Data Inputs Monte Carlo Factors Outputs Raw + Concorded + Enriched Simulation Security & Portfolio Market
Slide 10: FactSet Creating Value in an AI-Centric World
FactSet Creating Value in an AI-Centric World Data continues to grow at a rapid pace | FactSet enriches client owned data and is deeply embedded in their workflows Scaling Our Connected Data 1 Creating Value for Clients with AI 2 Client Data Rapid MCP Adoption Broad AI Penetration +36% CAGR +33% CAG
Slide 11: Financial Overview
FACTSET Financial Overview
Slide 12: Organic ASV and Growth by Global Segments and Firm Type
Organic ASV and Growth by Global Segments and Firm Type* Global Segments Americas $1,606M +7% EMEA $594M +4% Organic ASV $2,449M AsiaPac $249M +10% Firm Type Institutional Buy-Side $1,193M +5% 6.7% Dealmakers $461M +8% Wealth $385M +10% Market Infrastructure1 $410M +8% *Organic ASV as of February 28
Slide 13: Key Operational Metrics
Key Operational Metrics >95% 241,352 ASV Retention User Count ASV retained from clients over Number of individuals accessing the last twelve months FactSet’s solutions = No change versus 2025 | Q2 +10% change since 2025 | Q2 91% 9,101 Client Retention Client Count Percentage of clients retained over
Slide 14: Second Quarter 2026 Financial Results
Second Quarter 2026 Financial Results* (in millions, except per share data) Revenues Organic Revenues Operating Income Adjusted Operating Income +7.1% +6.8% +0.7% (0.3)% $571 $611 $568 $606 $185 $185 $213 $214 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2FY25 Q2 FY26 Q2 FY25 Q2 FY26 Margin 32.5% 30.3% (220) bp
Slide 15: Strategic Investments – Anticipated ~150 bps Margin Impact in FY26
Strategic Investments – Anticipated ~150 bps Margin Impact in FY26 Allocating ~2/3 of our gross investments to scaling data and deepening workflows that fuel growth and ~1/3 towards strengthening our foundational enablers ~250 bps Gross Investment ~2/3 ~1/3 GROWTH STRUCTURAL ~150 bps (~100 bps) Scal
Slide 16: Strategic Investments and Actions – Example H1 Proof Points
Strategic Investments and Actions – Example H1 Proof Points and Building Momentum ~250 bps Gross Investment GROWTH STRUCTURAL • MCP delivered AI-Ready Data • Modernizing infrastructure, cybersecurity and resiliency • Real-Time data coverage expansion • AI-native content collection (~100 bps) • Expan
Slide 17: Returning Capital to Shareholders
Returning Capital to Shareholders Deployed $303 million to repurchase shares in H1 FY26, as we see our buyback program as a compelling use of capital. At quarter end, $697 million was remaining under our upsized $1 billion authorization (in millions) $300 $235 $304 $265 $177 $303 $261 $220 $201 $19
Slide 18: Revised Fiscal 2026 Outlook
Revised Fiscal 2026 Outlook Based on strong H1 performance and improved visibility, we are raising our guidance range for organic ASV growth, revenues and EPS Fiscal 2026 Outlook Fiscal 2026 Outlook As of December 18, 2025 As of March 31, 2026 $100 - $150 million $130 - $160 million Organic ASV Grow
Slide 19: Questions & Answers
Questions & Answers Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 19
Slide 20: Appendix
Appendix Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 20
Slide 21: 90%+ of ASV is Underpinned by Proprietary Advantages
90%+ of ASV is Underpinned by Proprietary Advantages PROPRIETARY ~ 40 Proprietary Analytics, % Models & Solutions ~ 50 Proprietary and Enriched % Data & Tools ~ 10 Enhanced % & Curated Mission-critical intelligence resulting from proprietary data and FactSet proprietary analytics, models, solutions
Slide 22: Detailing Our Strategic Investments
Detailing Our Strategic Investments Disciplined and balanced approach to investing in our business Growth Scale Data Expansion Deepen Client Workflow Institutional Buy Side Enterprise Data Wealth PLC Broker Research Managed Services Dealmakers Fixed Income Agent Infrastructure Wealth AI Ready Data T
Slide 23: Second Quarter 2026 Adjusted Operating Income Walk
Second Quarter 2026 Adjusted Operating Income Walk (in millions) $611 $248 $28 $69 $17 $35 $214 Revenue People Third Party Technology Real Estate Other Adjusted Content Operating Income Figures as of February 28, 2026 Note: Figures may not foot due to rounding Copyright © 2026 FactSet Research Syste
Slide 24: Non-GAAP Reconciliations: Organic Revenues
Non-GAAP Reconciliations: Organic Revenues (in thousands) For the Three Months Ended (Unaudited) February 28, 2026 February 28, 2025 % Change GAAP revenues $ 611,019 $ 570,660 7.1 % Acquired Revenues (3,392) — Disposition revenues — (3,117) Currency impact (1,451) — Organic revenues $ 606,176 $ 567,
Slide 25: 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, 2026 February 28, 2025 % Change GAAP operating income $ 184,961 $ 185,492 (0.3) % Intangible asset amortization 19,179 18,137 CEO compensa
Slide 26: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA
Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA (in thousands) For the Three Months Ended (Unaudited) February 28, 2026 February 28, 2025 % Change Net income $ 133,056 $ 144,860 (8.1) % 13,062 13,916 Interest expense Income taxes 28,055 27,460 43,690 38,410 Depreciation and amortization expense
Slide 27: 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, 2026 February 28, 2025 % Change Diluted EPS $ 3.59 $ 3.76 (4.5) % Intangible asset amortization 0.41 0.35 Impairment within Other assets (1) 0.28 — CEO compensatio
Slide 28: Non-GAAP Reconciliations: Free Cash Flow
Non-GAAP Reconciliations: Free Cash Flow (in thousands) For the Three Months Ended (Unaudited) February 28, 2026 February 28, 2025 % Change Net Cash Provided for Operating Activities $ 211,688 $ 173,955 21.7 % Capital Expenditures (25,997) (23,736) 9.5 % Free Cash Flow $ 185,691 $ 150,219 23.6 % Not
Slide 29: Non-GAAP Reconciliations: Business Outlook Operating Margin, Net Income and Diluted EPS
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 $2,450 $2,470 Operating income 760 729 Operating margin 31.0% 29.5% Intangible asset amortization 75
Slide 30: Thank you!
Thank you! Copyright © 2025 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 30