Financial Data and Key Metrics Changes - In the second quarter, organic ASV grew by 4.1% year over year, with adjusted operating margin at 37.3% and adjusted diluted EPS at $4.28 [9][24] - GAAP revenues increased by 4.5% year over year to $571 million, while organic revenues grew by 4% to $568 million [25] - GAAP operating margin decreased by approximately 80 basis points to 32.5% compared to the previous year, while adjusted operating margin decreased by 100 basis points to 37.3% [25][26] - Free cash flow was $150 million in the second quarter, up 23% over the same period last year [29] Business Line Data and Key Metrics Changes - Wealth management saw double-digit growth, with significant market share gains, particularly with UBS selecting FactSet for their advisor desktops [12][13] - The banking segment faced challenges, but renewal activity increased notably, with over a dozen large banking renewals signed [14][15] - Private equity and venture capital (PEVC) experienced accelerated double-digit growth, while corporates also contributed to growth due to the Erwin acquisition [15][16] Market Data and Key Metrics Changes - In the Americas, organic ASV grew by 4%, with mixed results in asset management and banking [11] - EMEA saw organic ASV growth of 3%, with momentum in hedge funds and PEVC firms offset by headwinds in asset management [11] - Asia Pacific maintained 7% organic ASV growth, driven by strong sales of data solutions among wealth, corporates, hedge funds, and PEVC firms [11] Company Strategy and Development Direction - The company aims to drive top-line growth, focusing on wealth management as a key growth engine and expanding its product offerings [18][19] - Recent acquisitions, including Erwin and Liquidity Book, are expected to enhance cross-selling opportunities and accelerate growth [19][32] - The company is prioritizing investments in technology and generative AI to support growth and improve operational efficiency [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in reaching an inflection point in ASV growth, despite a challenging market environment [9][10] - There is optimism regarding the strength of the sales pipeline and product-led innovation, with expectations for growth acceleration in the second half of the year [10][20] - Management acknowledged ongoing market uncertainties but highlighted positive client dialogues and a robust pipeline [10][20] Other Important Information - The company repurchased nearly 137,000 shares for approximately $64 million and paid a quarterly dividend of $1.04 per share [31] - The gross leverage ratio was 1.7 times, consistent with maintaining investment-grade ratings [32] - The guidance for organic ASV growth was narrowed to a range of approximately 4.4% to 5.8% [33] Q&A Session Summary Question: Can you provide more details on the traction with clients regarding Pitch Creator and other Gen AI products? - Management noted strong momentum with Pitch Creator and other products, with positive reception from banks and ongoing trials with large clients [36][37] Question: Is the environment improving, or is the company performing better in a challenging environment? - Management indicated that while the environment remains tough, they have de-risked major challenges and are seeing strength across all markets [44][46] Question: How does the company view the impact of banking on guidance? - Management stated that they are not relying on banking for their numbers, with conservative estimates baked into guidance [52][54] Question: Is the UBS Vault deal included in ASV this quarter? - Management confirmed that the UBS deal was signed in the quarter, but the ASV impact will be realized in future quarters as implementation occurs [57][62] Question: What is the outlook for pricing in the context of lower CPI? - Management explained that lower CPI impacts annual price increases, but they are capturing additional ASV through higher pricing and increased volume in new business [64][68]

Financial Data and Key Metrics Changes - Organic ASV grew by 4.1% year over year, with adjusted operating margin at 37.3% and adjusted diluted EPS at $4.28 [9][24] - GAAP revenues increased by 4.5% year over year to $571 million, while organic revenues grew by 4% to $568 million [25] - GAAP operating margin decreased by approximately 80 basis points to 32.5%, while adjusted operating margin decreased by 100 basis points year over year to 37.3% [25][26] - Free cash flow was $150 million in the second quarter, up 23% over the same period last year [29] Business Line Data and Key Metrics Changes - Wealth management saw double-digit growth, with significant market share gains, particularly with UBS selecting FactSet for their advisor desktops [12][13] - Banking faced challenges, but renewal activity increased notably, with over a dozen large banking renewals signed [14][15] - PEVC (Private Equity and Venture Capital) experienced accelerated double-digit growth, while corporates contributed to growth due to the Erwin acquisition [15][16] Market Data and Key Metrics Changes - In the Americas, organic ASV grew by 4%, with mixed results in asset management and banking [11] - EMEA saw organic ASV growth of 3%, with momentum in hedge funds and PEVC firms offset by headwinds in asset management [11] - Asia Pacific maintained 7% organic ASV growth, driven by strong sales of data solutions among wealth, corporates, hedge funds, and PEVC firms [11] Company Strategy and Development Direction - The company aims to drive top-line growth, focusing on wealth management as a key growth engine and expanding its product offerings [18][19] - Recent acquisitions, including Erwin and Liquidity Book, are expected to enhance cross-selling opportunities and accelerate growth [19][20] - The company is prioritizing investments in technology and generative AI to improve workflow productivity and client engagement [20][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in reaching an inflection point in ASV growth, despite a challenging market environment [9][10] - There is optimism regarding the sales pipeline and product-led innovation, with expectations for growth acceleration in the second half of the fiscal year [9][10] - Management acknowledged market uncertainties but highlighted strong client relationships and a robust pipeline as positive indicators for future performance [20][34] Other Important Information - The company reaffirmed its guidance for organic ASV growth at a midpoint of 5%, narrowing the range to $100 million to $130 million [32][33] - The effective tax rate is expected to remain between 17% to 18% [34] - The company returned $392 million to shareholders over the last twelve months through dividends and share repurchases [31] Q&A Session Summary Question: Can you provide more details on the traction with clients regarding Pitch Creator and other Gen AI products? - Management noted strong momentum with Pitch Creator and positive reception from banks, with plans to monetize these products more seriously in Q3 and Q4 [36][37] Question: Is the environment improving, or is the company performing better in a challenging environment? - Management indicated that while the environment remains challenging, they have de-risked major issues and are seeing strength across all markets [44][46] Question: How does the company view the impact of banking on guidance? - Management stated that they are not relying on banking for their numbers, with conservative estimates baked into the guidance [52][54] Question: Is the UBS Vault deal included in ASV this quarter? - Management confirmed that the UBS deal was booked in Q2, but user contributions will come in later quarters [57][62] Question: Can you clarify the pricing dynamics in the quarter? - Management explained that lower CPI impacted annual price increases, but they are capturing additional ASV through higher pricing and volume in new business [64][66] Question: What is the outlook for the data and feeds business? - Management highlighted strong demand for high-quality data, with improvements in the data feed business driven by new tech startups and partnerships [78][80]

Financial Performance - FactSet's revenues for the second quarter of fiscal year 2025 reached $570660000, a 45% increase compared to $545945000 in the same period last year[29] - Organic revenues grew by 40% to $567985000[29,45] - Adjusted diluted EPS increased by 14% year-over-year to $428[12,29] - Free cash flow increased by 233% to $150219000[29,56] Key Metrics - Organic ASV (Annual Subscription Value) grew by 41%[12] - Total Organic ASV reached $2276000000, with Americas contributing $1475000000, EMEA $571000000, and Asia Pacific $230000000[24] - Client retention rate remained high at over 95%[14] - Client count increased by 8% year-over-year[22] - User count increased by 6% since Q2 2024[17] Capital Allocation - The company steadily increased annual dividends and continued share repurchases in the second quarter 2025[30] Fiscal Year 2025 Outlook - The company narrowed its organic ASV growth guidance range to between $100000000 and $130000000, representing approximately 44% to 58% growth[34] - Revenue guidance was increased to a range of $2305000000 to $2325000000[34] - Adjusted operating margin guidance was reaffirmed at 360% to 370%[34] - Adjusted diluted EPS guidance was reaffirmed at $1680 to $1740[34]

Company Performance - FactSet reported quarterly earnings of $4.28 per share, exceeding the Zacks Consensus Estimate of $4.19 per share, and showing a slight increase from $4.22 per share a year ago, representing an earnings surprise of 2.15% [1] - The company posted revenues of $570.66 million for the quarter ended February 2025, matching the Zacks Consensus Estimate and up from $545.95 million year-over-year [2] - Over the last four quarters, FactSet has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Outlook - FactSet shares have declined approximately 8.7% since the beginning of the year, compared to a 3.5% decline in the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $4.37 on revenues of $577.8 million, and for the current fiscal year, it is $17.15 on revenues of $2.3 billion [7] Industry Context - The Business - Information Services industry, to which FactSet belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact FactSet's stock performance [5]

Core Insights - FactSet reported a solid financial performance for Q2 fiscal 2025, with GAAP revenues of $570.7 million, reflecting a 4.5% increase year-over-year. Organic revenues grew by 4.0% to $568.0 million, driven primarily by wealth and institutional buy-side clients [4][5][6]. Financial Performance - Q2 GAAP operating margin was 32.5%, down approximately 80 basis points from the previous year, while adjusted operating margin decreased to 37.3%, down 100 basis points year-over-year [4][5]. - GAAP diluted EPS increased by 3.0% to $3.76, and adjusted diluted EPS rose by 1.4% to $4.28 compared to the same period last year [4][5]. - Free cash flow for Q2 was $150.2 million, a 23.3% increase from $121.9 million in the prior year [4][5][38]. Annual Subscription Value (ASV) - ASV reached $2,306.1 million as of February 28, 2025, up from $2,185.6 million a year earlier, with organic ASV growing by 4.1% to $2,276.2 million [6][7]. - The buy-side organic ASV growth rate was 4.1%, while sell-side growth was 2.2% [7]. Segment Performance - ASV from the Americas was $1,501.1 million, with organic ASV increasing by 4.4% to $1,474.9 million. Revenues from the Americas rose to $369.7 million [8]. - ASV from EMEA was $571.3 million, with organic ASV increasing by 2.6% to $571.4 million. EMEA revenues were $143.4 million [9]. - ASV from Asia Pacific was $233.7 million, with organic ASV increasing by 6.8% to $229.9 million. Asia Pacific revenues were $57.6 million [10]. Client and User Metrics - The client count as of February 28, 2025, was 8,645, reflecting a net increase of 396 clients in the past three months [11]. - The user count was 219,141, with a net increase of 874 users, primarily driven by growth in wealth management users [11]. Share Repurchase and Dividends - FactSet repurchased 136,714 shares for $64.4 million at an average price of $470.70 during Q2, with $186.9 million remaining for future repurchases [12]. - A quarterly dividend of $39.5 million, or $1.04 per share, was declared [16]. Business Outlook - The company reaffirmed its guidance for fiscal 2025, expecting organic ASV growth of $100 million to $130 million and GAAP revenues in the range of $2,305 million to $2,325 million [17][37].

Financial Performance - Q2 GAAP revenues reached $570.7 million, a 4.5% increase from Q2 2024, driven by growth in wealth and institutional buy-side clients [4]. - Organic Q2 ASV was $2,276.2 million, reflecting a year-over-year growth of 4.1% or $90.7 million [4]. - GAAP diluted EPS increased by 3.0% to $3.76, while adjusted diluted EPS rose 1.4% to $4.28 compared to the prior year [4]. - FactSet's revenues for the three months ended February 28, 2025, were $570,660,000, representing a 4.5% increase from $545,945,000 for the same period in 2024 [28]. - Organic revenues for the same period were $567,985,000, reflecting a 4.0% growth compared to the previous year [33]. - The company's net income for the six months ended February 28, 2025, was $294,882,000, up from $289,495,000 in the prior year [31]. - Net income for the three months ended February 28, 2025, was $144,860, a 2.8% increase from $140,940 in the same period of 2024 [36]. - Adjusted net income rose to $164,976, reflecting a 1.2% increase from $163,067 year-over-year [36]. - Free cash flow increased by 23.3% to $150,219 compared to $121,881 in the prior year [39]. Guidance and Projections - Fiscal 2025 guidance anticipates organic ASV growth of $100 million to $130 million, equating to approximately 4.4% to 5.8% [4]. - Adjusted diluted EPS is expected to remain unchanged in the range of $16.80 to $17.40, while GAAP diluted EPS is projected to decrease to $14.80 to $15.40 from a previous range of $15.10 to $15.70 [24]. - The company expects annual revenues for fiscal 2025 to be between $2,305 million and $2,325 million [38]. - Adjusted diluted earnings per share (EPS) is projected to be between $17.40 and $16.80 for fiscal 2025 [38]. - Adjusted operating margin is expected to range from 36.0% to 37.0% for fiscal 2025 [38]. Client and User Metrics - Client count as of February 28, 2025, was 8,645, with a net increase of 396 clients in the past three months [16]. - User count reached 219,141, marking a net increase of 874 users, primarily in wealth management [16]. - Annual ASV retention exceeded 95%, with client retention at 91% [16]. - The percentage of ASV from buy-side clients was 82.3% in Q2'25, showing a slight increase from 82.1% in Q1'25 [42]. Investments and Acquisitions - FactSet repurchased 136,714 shares for $64.4 million at an average price of $470.70 during Q2 2025 [13]. - The acquisition of LiquidityBook enhances FactSet's capabilities in order management and investment book of record [16]. - The company has made significant investments in acquisitions, with $342,461,000 spent on acquiring businesses in the current period [31]. Financial Position - FactSet's total assets increased to $4,241,442,000 as of February 28, 2025, compared to $4,055,040,000 on August 31, 2024 [30]. - Total stockholders' equity increased to $2,056,917,000 as of February 28, 2025, from $1,912,460,000 in the previous period [30]. - FactSet's cash and cash equivalents decreased to $278,548,000 as of February 28, 2025, from $422,979,000 at the beginning of the period [30]. - The company reported cash flows from operating activities of $260,327,000 for the six months ended February 28, 2025, down from $298,942,000 in the same period last year [31]. Operating Performance - Operating income for the three months ended February 28, 2025, was $185,492, a 2.0% increase from $181,942 in the same period of 2024 [36]. - The operating margin for the three months ended February 28, 2025, was 32.5%, down from 33.3% in the previous year [36].

全球领先的金融数字平台及企业解决方案提供商FactSet慧甚（纽约证券交易所代码：FDS；纳斯达克股票 代码：FDS）近日与人工智能搜索引擎初创公司Perplexity携手合作，将AI驱动的智能分析与全面的金融 数据无缝整合。这一合作将前沿科技与高质量、可信度极高的内容完美结合，助力您以更快的速度、更睿 智的方式做出决策。 如今，Perplexity的用户可以在同一个平台上访问FactSet的优质内容及公开知识数据，能够帮助用户快速 分析海量数据、捕捉新兴趋势，优化工作流程。这样，您可以将精力聚焦于更具高价值的任务，进而达成 更出色的成果，做出更为明智的决策。 核心功能亮点： *访问FactSet的优质金融数据和公共网络数据，精准解答复杂问题 *借助AI工作流，快速实现对海量数据的深度分析与解读 *可无缝跳转至FactSet Workstation，获取更为深入、专业的见解 *具备灵活开放的集成特性，能够完美适配您个性化的工作方式 与我们分享您在业务上的挑战。 凭借AI驱动的智能摘要以及FactSet的海量数据，我们正全方位提升研究能力、增强数据探索的深度与广 度，同时显著提高决策效率，让您能够心无旁骛地专注 ...

全球领先的金融数字平台及企业解决方案提供商FactSet慧甚（纽约证券交易所代码：FDS；纳斯达克股票 代码：FDS）近日与人工智能搜索引擎初创公司Perplexity携手合作，将AI驱动的智能分析与全面的金融 数据无缝整合。这一合作将前沿科技与高质量、可信度极高的内容完美结合，助力您以更快的速度、更睿 智的方式做出决策。 如今，Perplexity的用户可以在同一个平台上访问FactSet的优质内容及公开知识数据，能够帮助用户快速 分析海量数据、捕捉新兴趋势，优化工作流程。这样，您可以将精力聚焦于更具高价值的任务，进而达成 更出色的成果，做出更为明智的决策。 核心功能亮点： *访问FactSet的优质金融数据和公共网络数据，精准解答复杂问题 *借助AI工作流，快速实现对海量数据的深度分析与解读 *可无缝跳转至FactSet Workstation，获取更为深入、专业的见解 *具备灵活开放的集成特性，能够完美适配您个性化的工作方式 凭借AI驱动的智能摘要以及FactSet的海量数据，我们正全方位提升研究能力、增强数据探索的深度与广 度，同时显著提高决策效率，让您能够心无旁骛地专注于最为关键的事务。 准备好提升 ...

Core Insights - Analysts expect FactSet Research (FDS) to report quarterly earnings of $4.19 per share, reflecting a year-over-year decline of 0.7% [1] - Revenue projections stand at $570.21 million, indicating a 4.4% increase from the previous year [1] - The consensus EPS estimate has been adjusted downward by 0.4% over the past 30 days, showing a reassessment by analysts [1][2] Revenue Breakdown - 'Revenues from clients- US' are projected to reach $368.02 million, a year-over-year change of +4.4% [4] - 'Revenues from clients- International' are estimated at $201.57 million, reflecting a +4.3% change from the previous year [4] - 'Revenues from clients- EMEA' are expected to be $144.53 million, indicating a +3.8% year-over-year change [4] - 'Revenues from clients- Asia Pacific' are likely to reach $57.33 million, with a year-over-year change of +6% [5] Subscription Value and User Metrics - The estimated 'Total Annual Subscription Value' is projected at $2.30 billion, up from $2.21 billion in the same quarter last year [5] - 'Total Users' are expected to reach 221,880, compared to 206,478 in the same quarter of the previous year [6] - 'ASV - Domestic' is predicted to be $1.48 billion, up from $1.42 billion year-over-year [6] - 'ASV - International' is estimated at $811.93 million, compared to $773.10 million in the same quarter last year [7] Client Segmentation - 'ASV from buy-side clients' is expected to reach 82.2%, up from 82% year-over-year [7] - 'ASV from sell-side clients' is projected at 17.9%, slightly down from 18% in the previous year [7] Market Performance - FactSet shares have returned -4.2% over the past month, compared to the Zacks S&P 500 composite's -7.7% change [8] - With a Zacks Rank 4 (Sell), FDS is anticipated to underperform the overall market in the near future [8]

Core Viewpoint - FactSet has appointed Kevin Toomey as the new Head of Investor Relations, succeeding Yet He, who will continue as Treasurer and Head of Financial Planning and Analysis [1][2]. Group 1: Leadership Transition - Kevin Toomey brings over 20 years of experience in investor relations, equity research, and financial markets [2][3]. - Yet He expressed gratitude for the opportunity to lead investor relations and confidence in Toomey's ability to enhance stakeholder engagement [2]. Group 2: Kevin Toomey's Background - Prior to joining FactSet, Toomey was Vice President of Investor Relations at Secureworks, where he managed strategic communications during significant company changes [2]. - He previously established the first investor relations program at Latch, Inc. after its IPO and spent over a decade at Citigroup in senior equity research and sales roles [3]. Group 3: Company Overview - FactSet serves over 8,200 global clients, including more than 218,000 individual users, providing financial data, analytics, and technology solutions [5]. - The company is recognized for its commitment to sustainable growth and was awarded the Glassdoor Employees' Choice Award in 2023 [5].