FactSet Research Systems Inc. (FDS) financials

NYSE · Financial Services · Financial - Data & Stock Exchanges · 12,444 employees · CEO Sanoke Viswanathan

Price: $329.57 +2.98%
Market cap: $11.6B
Enterprise value: $12.9B
Last report: Q4 '26 filed 2026-10-20
Next report: 2026-12-17 EPS est. $5.04

Revenue (TTM)$2.48B+6.7% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)28.3%-4.0 pp vs a year agoOperating income $700M

Net income (TTM)$533M-10.6% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)$707M+14.6% vs a year agoCapex $115M

Diluted EPS (TTM)$14.57-6.4% vs a year agoSum of the last 4 quarters

Net cash-$1.28B-6.1% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $11.6B
Revenue: $2.48B
Revenue growth: +6%
Profit margin: 21.5%
P/E: 22.5×
P/S: 4.7×
EV / EBITDA: 14.1×
Free cash flow: $707M
Net income: $533M
Revenue estimate: $2.62B
Earnings: 2026-12-17
Dividend: $4.52

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-09-30): revenue beat by 0.8%, EPS beat by 3.9%Revenue $635M vs $630M expected (+0.8%); EPS $4.52 vs $4.35 (+3.9%).
Revenue growth steady: 6.3% year on yearQ4 '26 revenue $635M, against an average of 6.6% over the four quarters before.
Operating margin 28.3% (TTM), -4.0 pp on a year agoOperating income grew -6.5% while revenue grew 6.7%.
Capex 4.6% of revenue (a year ago 4.7%)$115M invested in the last 4 quarters (+5.4% on a year earlier). Free cash flow $707M = 132.6% of net income.
Returned $808M to shareholders = 114.2% of free cash flowBuybacks $644M (a year earlier $12.3M), dividends $164M, stock-based pay $84.1M (TTM). More than the free cash flow: paid from cash or debt.
Diluted share count down 6.8% in a year35.6M diluted shares in Q4 '26, 38.2M a year earlier.
Net debt $1.28BCash + short-term investments $265M, debt incl. leases $1.54B; a year ago net debt $1.2B.
Asia Pacific Segment: revenue +8.0%, margin 72.5% (was 69.9%)Fastest-growing reported segment in Q4 '26: operating income $47.6M on revenue $65.6M (from the segment note of the filing).

Last quarter: Q4 '26

Quarter ended 2026-08-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q4 '26	Year ago	Change
Revenue	$635M	$597M	+6.3%
Gross margin	48.6%	51.6%	-3.0 pp
Operating income	$157M	$177M	-11.7%
Operating margin	24.7%	29.7%	-5.0 pp
Net income	$121M	$154M	-21.1%
Diluted EPS	$3.41	$4.03	-15.4%
Operating cash flow	$205M	$212M	-3.5%
Capex	$27.4M	$34M	-19.3%
Free cash flow	$177M	$178M	-0.5%
R&D	$0	$0	–
Stock-based compensation	$22.6M	$14.1M	+60.3%

Reported vs consensus

2026-09-30

	Actual	Consensus	vs consensus
Revenue	$635M	$630M	+0.8%
EPS (as estimated)	$4.52	$4.35	+3.9%

From the report of 2026-09-30 for Q4 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q4 '26	y/y	Share	TTM	TTM y/y
Americas Segment	$414M	+6.6%	65.3%	$1.62B	+7.4%
EMEA Segment	$155M	+5.0%	24.4%	$605M	+4.3%
Asia Pacific Segment	$65.6M	+8.0%	10.3%	$253M	+7.7%

Revenue by region

share of total

Segment	Q4 '26	y/y	Share	TTM	TTM y/y
Americas Segment	$414M	–	65.3%	$1.62B	–
Europe	$155M	–	24.4%	$605M	+39.8%
Asia Pacific	$65.6M	–	10.3%	$253M	–

Segment profits

Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).

Segments in Q4 '26

Segment	Revenue	y/y	Operating income	y/y	Margin	Margin a year ago	TTM operating income
Americas Segment	$414M	+6.6%	$43.2M	-37.8%	10.4%	17.9%	$260M
EMEA Segment	$155M	+5.0%	$65.8M	+0.7%	42.5%	44.3%	$258M
Asia Pacific Segment	$65.6M	+8.0%	$47.6M	+11.9%	72.5%	69.9%	$182M

Operating income by segment

quarterly

Segment operating margin

quarterly

Fourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: $822M
Capex: -$115M
Buybacks: -$644M
Dividends: -$164M
Acquisitions: $0
Net debt issued: -$1.57M
Stock-based compensation: $84.1M
Free cash flow: $707M
Returned to shareholders / FCF: 114.2%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	22.5×	30.4×	21.4× – 41.3×
EV / EBITDA	14.1×	20.5×	14.0× – 29.7×
EV / Sales	5.2×	7.6×	5.1× – 9.8×
Price / FCF	16.4×	25.5×	16.2× – 33.7×
Price / Book	5.8×	8.6×	5.7× – 12.3×
FCF yield	6.1%	4.2%	3.0% – 6.2%
Return on invested capital	16.0%	15.0%	11.8% – 16.3%
Return on equity	25.6%	28.2%	26.6% – 29.8%

Analysts

Consensus target $256.75 (-22.1%)
range $215.00 – $301.00 · rating Hold

Strong buy0

Buy3

Hold20

Sell7

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2027	$2.62B	+5.8%	$19.67	+35.0%	16.8×	12
FY2028	$2.78B	+6.0%	$21.72	+10.4%	15.2×	11
FY2029	$2.93B	+5.5%	$24.18	+11.3%	13.6×	6
FY2030	$3.09B	+5.4%	$26.50	+9.6%	12.4×	3
FY2031	$3.23B	+4.7%	$30.70	+15.9%	10.7×	3

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 272 figures FactSet Research Systems Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
	–	–	–	$2.71M	–	–
	–	–	–	0.4%	–	–
	–	–	–	$17.2M	–	–
	–	–	–	$20.8M	–	–
	–	–	–	$70.2M	–	–
	–	–	–	$31.7M	–	–
Accounts Payable and Accrued Liabilities, Current	$136M	$135M	+0.6%	$136M	$135M	+0.6%
Accounts Receivable, after Allowance for Credit Loss, Current	$299M	$271M	+10.3%	$299M	$271M	+10.3%
Accounts Receivable, Allowance for Credit Loss, Current	$13.6M	$13.8M	-1.5%	$13.6M	$13.8M	-1.5%
Accrued Income Taxes, Noncurrent	$25.5M	$45.1M	-43.4%	$25.5M	$45.1M	-43.4%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$145M2025-08-31	$127M	+14.6%	$145M2025-08-31	$127M	+14.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax	-$78.5M	-$63.7M	-23.1%	-$78.5M	-$63.7M	-23.1%
Additional Paid in Capital	$1.74B	$1.62B	+7.2%	$1.74B	$1.62B	+7.2%
Amortization of Intangible Assets	$40.8M	$36.3M	+12.6%	$155M	$134M	+16.3%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$22.6M	$14.1M	+60.3%	$84.1M	$61.2M	+37.4%
Assets	$4.14B	$4.3B	-3.8%	$4.14B	$4.3B	-3.8%
Assets, Current	$652M	$730M	-10.7%	$652M	$730M	-10.7%
Assets, Fair Value Disclosure	$57.6M	$29.7M	+94.1%	$57.6M	$29.7M	+94.1%
Business Combination, Contingent Consideration, Liability	$10.2M	$24.1M	-57.7%	$10.2M	$24.1M	-57.7%
Cash and Cash Equivalents, at Carrying Value	$233M	$338M	-30.9%	$233M	$338M	-30.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$240M	$352M	-31.9%	$240M	$352M	-31.9%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$54.8M	-$18.7M	-192.8%	-$112M	-$71.3M	-57.2%
Common Stock, Dividends, Per Share, Declared	$1.16	$1.10	+5.5%	–	–	–
Common Stock, Par or Stated Value Per Share	$0.01	$0.01	0.0%	$0.01	$0.01	0.0%
Common Stock, Shares Authorized	150M	150M	0.0%	150M	150M	0.0%
Common Stock, Shares, Issued	43.3M	43M	+0.6%	43.3M	43M	+0.6%
Common Stock, Shares, Outstanding	35.3M	37.6M	-6.3%	35.3M	37.6M	-6.3%
Common Stock, Value, Issued	$433K	$430K	+0.7%	$433K	$430K	+0.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$122M	$158M	-23.0%	$519M	$613M	-15.4%
Contract with Customer, Liability, Current	$181M	$168M	+8.1%	$181M	$168M	+8.1%
Contract with Customer, Liability, Noncurrent	$624K2025-08-31	$1.34M	-53.6%	$624K2025-08-31	$1.34M	-53.6%
Cost of Goods and Services Sold	$326M	$289M	+13.0%	$1.22B	$1.1B	+11.4%
Costs and Expenses	$478M	$420M	+13.9%	$1.78B	$1.57B	+12.9%
Current Federal Tax Expense (Benefit)	–	–	–	$38.6M	$16.3M	+137.4%
Current Foreign Tax Expense (Benefit)	–	–	–	$62.2M	$83.6M	-25.6%
Current Income Tax Expense (Benefit)	–	–	–	$131M	$127M	+2.4%
Current State and Local Tax Expense (Benefit)	–	–	–	$29.7M	$27.6M	+7.7%
Debt Instrument, Fair Value Disclosure	$1.32B	$1.33B	-0.5%	$1.32B	$1.33B	-0.5%
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$4.98M	$6.74M	-26.1%	$4.98M	$6.74M	-26.1%
Debt Issuance Costs, Current, Net	$564K	$0	–	$564K	$0	–
Deferred Federal Income Tax Expense (Benefit)	–	–	–	-$16.1M	-$1.13M	-1,318.4%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$1.32M	-$5.29M	+124.9%
Deferred Income Tax Assets, Net	$74.6M	$61.2M	+21.8%	$74.6M	$61.2M	+21.8%
Deferred Income Tax Expense (Benefit)	-$35.1M	-$6.7M	-423.8%	-$14.3M	-$3.55M	-302.9%
Deferred Income Tax Liabilities, Net	$11.3M	$14.9M	-24.3%	$11.3M	$14.9M	-24.3%
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$457K	$2.88M	-84.1%
Deferred Tax Assets, Gross	$343M	$256M	+34.3%	$343M	$256M	+34.3%
Deferred Tax Assets, in Process Research and Development	$189M	$144M	+31.1%	$189M	$144M	+31.1%
Deferred Tax Assets, Net	$63.3M	$46.3M	+36.6%	$63.3M	$46.3M	+36.6%
Deferred Tax Assets, Operating Loss Carryforwards, Foreign	$27.6M	$7.93M	+248.1%	$27.6M	$7.93M	+248.1%
Deferred Tax Assets, Other	$26.2M	$23.6M	+10.9%	$26.2M	$23.6M	+10.9%
Deferred Tax Assets, Tax Credit Carryforwards, Foreign	$22.5M	$8.25M	+173.2%	$22.5M	$8.25M	+173.2%
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	$44.4M	$36.7M	+20.9%	$44.4M	$36.7M	+20.9%
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Legal Settlements	$02025-08-31	$14.1M	-100.0%	$02025-08-31	$14.1M	-100.0%
Deferred Tax Assets, Valuation Allowance	$6.45M	$2.75M	+134.4%	$6.45M	$2.75M	+134.4%
Deferred Tax Liabilities, Gross	$274M	$207M	+32.5%	$274M	$207M	+32.5%
Deferred Tax Liabilities, Intangible Assets	$166M	$142M	+17.2%	$166M	$142M	+17.2%
Deferred Tax Liabilities, Leasing Arrangements	$19.7M	$18.2M	+8.3%	$19.7M	$18.2M	+8.3%
Deferred Tax Liabilities, Other	$8.04M	$5.39M	+49.0%	$8.04M	$5.39M	+49.0%
Deferred Tax Liabilities, Property, Plant and Equipment	$44M	$41.4M	+6.1%	$44M	$41.4M	+6.1%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-K 2026-08-31, 10-Q 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-K 2025-08-31, 10-Q 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-K 2024-08-31

Data as of 2026-11-02