FactSet Research Systems

FactSet Research Systems Inc. (the Company or FactSet) is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities. Since inception, global financial professionals have utilized the Company's content and multi-asset class solutions across each stage of the investment process. FactSet's goal is to provide a seamless user experience spanning idea generation, research, portfolio construction, trade execution, performance measurement, risk management, reporting, and portfolio analysis, in which the Company serves the front, middle, and back offices to drive productivity and improved performance. FactSet's flexible, open data and technology solutions can be implemented both across the investment portfolio lifecycle or as standalone components serving different workflows in the organization. FactSet is focused on growing the business throughout each of its three segments, the Americas, EMEA (formerly known as Europe), and Asia Pacific. The Company primarily delivers insight and information through the workflow solutions of Research, Analytics and Trading, Content and Technology Solutions (CTS) and Wealth. FactSet currently serves financial professionals, which include portfolio managers, investment research professionals, investment bankers, risk and performance analysts, wealth advisors and corporate clients. FactSet provides both insights on global market trends and intelligence on companies and industries, as well as capabilities to monitor portfolio risk and performance and to execute trades. The Company combines dedicated client service with open and flexible technology offerings, such as a configurable desktop and mobile platform, comprehensive data feeds, an open marketplace and digital portals and application programming interfaces (APIs). The Company’s revenue is primarily derived from subscriptions to products and services such as workstations, analytics, enterprise data, and research management. FactSet Research Systems was founded by Howard E. Wille and Charles J. Snyder in September 1978 and is headquartered in Norwalk, CT.

Earnings data Q2 2021

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Earnings data Q1 2025

FactSet reports solid Q1 performance amidst cautious client spending

FactSet reports solid performance with organic ASV growth and revenue, but faces challenges from cautious client spending and a muted hiring environment. The company is optimistic about future opportunities in margin expansion, potential M&A activities, and advancements in product evolution and generative AI.

FactSet Research Systems reports robust Q2 performance amidst market challenges

FactSet's Q2 performance showcased strong growth, disciplined expense management, and strategic acquisitions. While facing challenges in market volatility, the company remains optimistic about future opportunities. With a focus on investments, margin improvement, and client-centric growth strategies, FactSet aims for sustained success.

FactSet reports solid Q3 earnings amidst market challenges and growth opportunities

FactSet Research Systems delivered solid financial performance in Q3, driven by organic ASV growth, margin expansion efforts, and strategic investments in generative AI technology.
While facing challenges from market volatility and cautious client behavior, the company remains focused on cost management, client alignment, and driving growth through product evolution and M&A opportunities.
With a diverse revenue mix, strong client relationships, and a commitment to margin expansion, FactSet is well-positioned to capitalize on opportunities in generative AI, wealth channel growth, and market recovery indicators.

FactSet reports strong fiscal 2023 performance, eyes gen AI growth

FactSet's fiscal 2023 performance reflects solid organic ASV growth and revenue, driven by strategic wins and investments in gen AI and user experience.
While facing challenges in adjusted EPS growth and cost savings realization, FactSet's strengths in gen AI, client interactions, and market optimism present growth opportunities.
With a focus on innovation, efficiency, and client-centric solutions, FactSet is poised for continued growth and market leadership in fiscal 2024 and beyond.

FactSet reports solid Q1 performance but revises FY24 guidance

FactSet's Q1 performance showcased growth in ASV and revenue, but revised guidance reflects challenges in sales cycles and client budgets. Despite market uncertainties, the company is confident in long-term growth, emphasizing efficiency gains through AI and strategic M&A opportunities.

FactSet reports solid Q2 performance amidst market challenges and opportunities

FactSet's Q2 2024 performance showed growth in ASV and EPS, but challenges in ASV retention and market conditions. The company's strengths lie in partner growth and efficiency gains from AI tools, while facing challenges in client count growth and expense management. Opportunities include cost avoidance through AI tools and a focus on margin improvement.

FactSet Reports Solid Q3 2024 Growth, Expands AI Integration

In Q3 2024, FactSet demonstrated solid financial performance and strategic growth through new client acquisitions and product enhancements. The company's focus on leveraging generative AI and expanding its market data offerings positions it well for sustained growth. FactSet remains committed to high retention rates and anticipates an organic ASV plus professional services growth rate of 4% to 5.5% for the fiscal year.

FactSet surpasses expectations in fiscal 2024, outlines growth strategies

FactSet Research Systems delivered strong financial performance in fiscal 2024, exceeding guidance and showcasing growth across regions.
The company's strategic focus on key pillars for fiscal 2025 sets the stage for continued expansion and innovation.
Challenges in expense management and segment-specific softness require attention for sustained growth and profitability.

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FactSet Research Systems Inc. (the Company or FactSet) is a global financial digital platform and enterprise solutions provider with open and flexible technologies that aims to supercharge financial intelligence. Since inception, global financial professionals have utilized the company's content and multi-asset class solutions across each stage of the investment process. FactSet's goal is to provide a seamless user experience spanning idea generation, research, portfolio construction, trade execution, performance measurement, risk management, reporting, and portfolio analysis, in which the company serves the front, middle, and back offices to drive productivity and improved performance. FactSet's flexible, open data and technology solutions can be implemented both across the investment portfolio lifecycle or as standalone components serving different workflows in the organization. FactSet is focused on growing the business throughout each of its three segments, the Americas, EMEA (formerly known as Europe), and Asia Pacific. FactSet revised its internal organization within each segment to offer data, products and analytical applications by firm type: Institutional Buyside, Dealmakers, Wealth, and Partnerships and CGS. The company believes organization by firm type better aligns with its clients, the long-term view of its business and commitment to investing for growth and efficiency. FactSet currently serves financial professionals, which include portfolio managers, investment research professionals, investment bankers, risk and performance analysts, wealth advisors and corporate clients. FactSet provides both insights on global market trends and intelligence on companies and industries, as well as capabilities to monitor portfolio risk and performance and to execute trades. The company combines dedicated client service with open and flexible technology offerings, such as a configurable desktop and mobile platform, comprehensive data feeds, an open marketplace and digital portals and application programming interfaces (APIs). The company’s revenue is primarily derived from subscriptions to products and services such as workstations, analytics, enterprise data, and research management. FactSet Research Systems was founded by Howard E. Wille and Charles J. Snyder in September 1978 and is headquartered in Norwalk, CT.

FactSet Research Systems, an American financial data and software company, is now a $16 billion (by market cap) financial data powerhouse. The company has already increased its dividend for 24 consecutive years with a 10-year dividend growth rate of 10.9%. FactSet has moved its revenue from $920 million in FY 2014 to $2.1 billion in FY 2023, a compound annual growth rate of 9.6%.

FactSet: Consider Investing In This Soon-To-Be Dividend Aristocrat

FactSet (FDS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

FactSet (FDS) Upgraded to Buy: Here's What You Should Know

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Here's Why FactSet Research (FDS) is a Strong Growth Stock

NORWALK, Conn., Aug. 05, 2024 (GLOBE NEWSWIRE) -- FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced that Kristina Karnovsky, a veteran FactSet executive who currently serves as Executive Vice President and Chief Product Officer, has been appointed Executive Vice President and Head of the Dealmakers and Wealth group, effective September 1. Karnovsky succeeds Goran Skoko, who will become Chief Revenue Officer, as previously announced.

FactSet Names Kristina Karnovsky as Head of the Dealmakers and Wealth Group

Current FactSet Executive Goran Skoko to Take on Role of Chief Revenue Officer Company Reaffirms Full-Year Fiscal 2024 Guidance NORWALK, Conn., July 23, 2024 (GLOBE NEWSWIRE) -- FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced that Helen Shan, a seasoned FactSet executive who currently serves as Executive Vice President and Chief Revenue Officer, has been appointed Chief Financial Officer, effective immediately.

FactSet Appoints Helen Shan as Chief Financial Officer

I upgraded my recommendation from hold to buy. I expect growth acceleration as the demand environment recovers; delayed deals materializing; new Gen AI products drive adoption. Valuation has become more attractive relative to the last time I wrote about it, as the stock is now trading at a discount to the historical average.

FactSet Research Systems: Rating Upgrade As Demand Environment Should Get Better Soon

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Here's Why FactSet Research (FDS) is a Strong Momentum Stock

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Why FactSet Research (FDS) is a Top Growth Stock for the Long-Term

FactSet (FDS) is benefiting from a growing customer base and a strong global presence.

Reasons to Retain FactSet (FDS) Stock in Your Portfolio Now

Why FactSet Research (FDS) is a Top Momentum Stock for the Long-Term

FactSet's (FDS) third-quarter fiscal 2024 results benefit from price increase, sales to asset owners and growth in transactional revenues.

FactSet (FDS) Q3 Earnings Beat on High Volumes, Revenues Miss

FactSet Research Systems Inc. (NYSE:FDS ) Q3 2024 Earnings Conference Call June 21, 2024 11:00 AM ET Company Participants Ali van Nes - Head of Investor Relations Philip Snow - Chief Executive Officer Linda Huber - Chief Financial Officer Helen Shan - Chief Revenue Officer Conference Call Participants Toni Kaplan - Morgan Stanley Alex Kramm - UBS Kelsey Zhu - Autonomous Manav Patnaik - Barclays Faiza Alwy - Deutsche Bank Surinder Thind - Jefferies Ashish Sabadra - RBC George Tong - Goldman Sachs Andrew Nicholas - William Blair Shlomo Rosenbaum - Stifel Craig Huber - Huber Research Partners Russell Quelch - Redburn Heather Balsky - Bank of America Scott Wurtzel - Wolfe Research Operator Good day and thank you for standing by. Welcome to the Third Quarter FactSet Earnings Call.

FactSet Research Systems Inc. (FDS) Q3 2024 Earnings Call Transcript

FactSet's (FDS) third-quarter fiscal 2024 earnings and revenues increase y/y.

FactSet (FDS) Q3 Earnings Surpass Estimates, Revenues Miss

While the top- and bottom-line numbers for FactSet (FDS) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, FactSet (FDS) Q3 Earnings: A Look at Key Metrics

FactSet Research Systems (FDS) shares advanced Friday after the financial data provider posted significantly better-than-expected profit and boosted its full-year guidance on higher revenues from institutional asset managers, asset owners, partners, and corporates.

FactSet Stock Rises on Q3 Profit Beat, Raised Guidance

FactSet Research (FDS) came out with quarterly earnings of $4.37 per share, beating the Zacks Consensus Estimate of $3.91 per share. This compares to earnings of $3.79 per share a year ago.

FactSet Research (FDS) Surpasses Q3 Earnings Estimates

NORWALK, Conn., June 21, 2024 (GLOBE NEWSWIRE) -- FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced results for its third quarter fiscal 2024 ended May 31, 2024.

FactSet Reports Results for Third Quarter 2024

FactSet Research Systems Inc. FDS is set to release third quarter financial results, before the opening bell on Friday.

Top Wall Street Forecasters Revamp FactSet Research Expectations Ahead Of Q3 Earnings

FactSet's (FDS) third-quarter fiscal 2024 earnings and revenues are expected to have increased on a year-over-year basis.

FactSet (FDS) to Report Q3 Earnings: What's in the Offing?

Besides Wall Street's top -and-bottom-line estimates for FactSet (FDS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended May 2024.

Unlocking Q3 Potential of FactSet (FDS): Exploring Wall Street Estimates for Key Metrics

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AI-Powered Prospecting Platform Continues Growth Trajectory with Infusion from FactSet BOSTON , June 12, 2024 /PRNewswire/ -- Aidentified, Inc., a leading AI-powered prospecting and relationship intelligence platform for financial services professionals, today announced that it has raised $12.5 million in Series B funding from FactSet, a global financial digital platform and enterprise solutions provider. Aidentified provides financial advisors, marketing teams, and other sales professionals with tools to identify, qualify, and convert new client relationships.

Aidentified Announces $12.5 Million Series B Funding from FactSet

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