Factset Research Systems Inc. · NYSE:FDS

Factset Research Systems — Q3 2026 Earnings Presentation

25 slides from Factset Research Systems's earnings presentation, Jul 1, 2026

  1. Slide 1: FactSet Earnings Call Third Quarter Fiscal 2026

    Wednesday, July 1, 2026 FactSet Earnings Call Third Quarter Fiscal 2026 Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 1

  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,

  3. 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

  4. Slide 4: Business Update

    Business Update Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 4

  5. Slide 5: 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 • 247K+ users • Over 1,000 d

  6. Slide 6: 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

  7. Slide 7: FactSet Creating Value in an AI-Centric World

    FactSet Creating Value in an AI-Centric World Accelerating Organic ASV Growth1 Increasing Client AI Adoption2 MCP Usage AI Penetration 7.1% 7% Institutional Buy-Side 90%+ 22% Dealmakers of Top 50 Clients 6.7% 47% use 4+ AI Products Market Infrastructure 24% Wealth 85%+ 5.9% Client AI Usage Growth (Q

  8. Slide 8: FactSet Intelligence

    FactSet Intelligence Banking Wealth Buy-Side Intelligent Workflows For Hybrid Workforces 30+ of Top 100 Banking clients Recently Announced with active or pipeline trials Agentic Infrastructure Governed and Optimized Trusted Data Ecosystem 450+ 13x Clients Actively Consuming MCP Data Higher API Call

  9. Slide 9: Financial Overview

    FACTSET Financial Overview

  10. Slide 10: Key Metrics – Third Quarter 2026

    Key Metrics – Third Quarter 2026 7.1% 1 34.0% 2 $4.53 2 Organic ASV Growth Adjusted Operating Margin Adjusted Diluted EPS 1 LTM organic growth rate based on May 31, 2026. Annual Subscription Value (ASV) at any given point in time represents the forward-looking revenues for the next twelve months fro

  11. Slide 11: FactSet By The Numbers

    FactSet By The Numbers SCALE CLIENT STRENGTH TRACK RECORD CLIENT LEADERSHIP ~$2.5B 95%+ 45+ Institutional Buy-Side Banking Annual ASV Consecutive Years Subscription Value (ASV) Retention Rate of Revenue Growth 95 43 of Top 100 Global of Top 50 Asset Managers Global Investment Banks 80+ 16+ 29 Countr

  12. Slide 12: Q3 FY26 Organic ASV and Growth YoY by Global Segments and Client Type

    Q3 FY26 Organic ASV and Growth YoY by Global Segments and Client Type* Global Segments Americas $1,621M +7% EMEA $609M +5% Organic ASV $2,486M AsiaPac $256M +10% Client Type Institutional Buy-Side $1,207M +6% 7.1% Dealmakers $470M +9% Wealth $392M +10% Market Infrastructure1 $417M +7% *Organic ASV a

  13. Slide 13: Third Quarter 2026 Financial Results

    Third Quarter 2026 Financial Results* (in millions, except per share data) Revenues Organic Revenues Operating Income Adjusted Operating Income +6.4% +7.0% (1.7)% (14.3)% $586 $623 $582 $623 $194 $166 $215 $212 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Margin 33.2% 26.7% (650)

  14. 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+ $777 Stable Stable Q3 FY26 1.5x $415 $613 1.2x $257 $158 $164 FY21 FY22 FY23 FY24 FY25 FY26 Q3 FY25 (LTM) Q3

  15. Slide 15: We Reaffirm our Fiscal 2026 Guidance

    We Reaffirm our Fiscal 2026 Guidance Fiscal 2026 Outlook As of July 1, 2026 $130 - $160 million Organic ASV Growth1 (~5.4% to ~6.7%) Revenues $2,450 - $2,470 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 $14.85 -

  16. Slide 16: Questions & Answers

    Questions & Answers Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 16

  17. Slide 17: Appendix

    Appendix Copyright © 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 17

  18. Slide 18: Third Quarter 2026 Adjusted Operating Income Walk

    Third Quarter 2026 Adjusted Operating Income Walk (in millions) $623 $246 $32 $73 $18 $43 $212 Revenue People Third Party Technology Real Estate Other Adjusted Content Operating Income Figures as of May 31, 2026 Note: Figures may not foot due to rounding Copyright © 2026 FactSet Research Systems Inc

  19. Slide 19: Non-GAAP Reconciliations: Organic Revenues

    Non-GAAP Reconciliations: Organic Revenues For the Three Months Ended (in thousands) (Unaudited) May 31, 2026 May 31, 2025 % Change GAAP revenues $ 622,918 $ 585,520 6.4 % Disposition revenues — (3,296) Currency impact (52) — Organic revenues $ 622,866 $ 582,224 7.0 % Note: Columns may not foot due

  20. Slide 20: 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, 2026 May 31, 2025 % Change GAAP operating income $ 166,301 $ 194,155 (14.3) % Intangible asset amortization 18,981 19,182 Restructuring/severan

  21. Slide 21: Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA

    Non-GAAP Reconciliations: EBITDA and Adjusted EBITDA (in thousands) For the Three Months Ended (Unaudited) May 31, 2026 May 31, 2025 % Change Net income $ 126,718 $ 148,542 (14.7) % 13,839 15,122 Interest expense Income taxes 27,403 31,406 45,869 40,845 Depreciation and amortization expense EBITDA $

  22. Slide 22: 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, 2026 May 31, 2025 % Change Diluted EPS $ 3.50 $ 3.87 (9.6) % Intangible asset amortization 0.40 0.36 Restructuring/severance 0.42 — CEO compensation costs(1) 0.09 — Bus

  23. Slide 23: Non-GAAP Reconciliations: Free Cash Flow

    Non-GAAP Reconciliations: Free Cash Flow (in thousands) For the Three Months Ended (Unaudited) May 31, 2026 May 31, 2025 % Change Net Cash Provided for Operating Activities $ 284,520 $ 253,833 12.1 % Capital Expenditures (30,475) (25,230) 20.8 % Free Cash Flow $ 254,045 $ 228,603 11.1 % Note: Column

  24. Slide 24: 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

  25. Slide 25: Thank you!

    Thank you! Copyright © 2025 2026 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 25

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