Table of Contents _________________________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Form 10-Q _________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ ...

FactSet Research Systems Inc. (NYSE:FDS) Q3 2022 Earnings Conference Call June 23, 2022 11:00 AM ET Company Participants Kendra Brown - SVP, Head of IR Phil Snow - CEO Linda Huber - CFO Conference Call Participants Manav Patnaik - Barclays Toni Kaplan - Morgan Stanley Ashish Sabadra - RBC Capital Markets Alex Kramm - UBS Hamzah Mazari - Jefferies Andrew Nicholas - William Blair Craig Huber - Huber Research Partners Faiza Alwy - Deutsche Bank Shlomo Rosenbaum - Stifel Operator Good day, ladies and gentlemen. ...

Thursday, June 23, 2022 FactSet Earnings Call Third Quarter Fiscal 2022 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward. 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, estima ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________ Form 10-Q _________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______to ______ Commission File Number: 1-11869 ...

Part I [Financial Statements](index=5&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) Unaudited consolidated financial statements for Q1 FY2022 and Q1 FY2021, covering income, balance sheets, cash flows, and equity changes, with detailed notes [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) | (In thousands, except per share data) | Three Months Ended November 30, 2021 | Three Months Ended November 30, 2020 | | :--- | :--- | :--- | | **Revenues** | **$424,725** | **$388,206** | | Operating income | $122,661 | $121,031 | | **Net income** | **$107,647** | **$101,206** | | Diluted earnings per common share | $2.79 | $2.62 | - Revenues for the three months ended November 30, 2021, increased by **9.4%** year-over-year, while net income grew by **6.4%**. Diluted EPS rose from **$2.62** to **$2.79**[10](index=10&type=chunk) [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) | (In thousands) | November 30, 2021 | August 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$2,254,364** | **$2,224,940** | | Cash and cash equivalents | $673,900 | $681,865 | | Goodwill | $783,025 | $754,205 | | **Total Liabilities** | **$1,155,469** | **$1,208,587** | | Long-term debt | $574,580 | $574,535 | | **Total Stockholders' Equity** | **$1,098,895** | **$1,016,353** | - Total assets increased to **$2.25 billion** as of November 30, 2021, primarily due to a rise in goodwill. Total liabilities decreased, while stockholders' equity grew, reflecting net income and other equity activities[15](index=15&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) | (In thousands) | Three Months Ended November 30, 2021 | Three Months Ended November 30, 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $72,918 | $89,276 | | Net cash used in investing activities | ($58,851) | ($58,322) | | Net cash used by financing activities | ($16,482) | ($56,377) | | **Net decrease in cash and cash equivalents** | **($7,965)** | **($25,468)** | - Cash from operations decreased to **$72.9 million** from **$89.3 million** in the prior-year period. Investing activities included **$50.0 million** for an acquisition. Financing activities saw lower cash usage due to reduced share repurchases compared to the prior year[17](index=17&type=chunk) [Notes to the Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) - FactSet is a global financial data and analytics company deriving revenues primarily from subscriptions to its products and services. The company operates through three geographic segments: the Americas, EMEA, and Asia Pacific[23](index=23&type=chunk)[25](index=25&type=chunk)[27](index=27&type=chunk) - On December 24, 2021, FactSet entered into a definitive agreement to acquire CUSIP Global Services (CGS) from S&P Global Inc. for **$1.925 billion** in cash. The transaction is expected to close in the first quarter of calendar 2022[139](index=139&type=chunk)[143](index=143&type=chunk) | (in thousands) | Three Months Ended Nov 30, 2021 | Three Months Ended Nov 30, 2020 | | :--- | :--- | :--- | | Americas | $266,913 | $244,337 | | EMEA | $115,003 | $105,777 | | Asia Pacific | $42,809 | $38,092 | | **Total Revenues** | **$424,725** | **$388,206** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses Q1 FY2022 financial results, covering revenue, EPS, ASV, segment performance, expenses, liquidity, and COVID-19 impact [Executive Overview](index=29&type=section&id=Executive%20Overview) - In Q1 FY2022, revenues grew **9.4%** to **$424.7 million**, driven by **9.1%** organic revenue growth. Operating income increased **1.3%**, and diluted EPS rose **6.5%**[160](index=160&type=chunk)[163](index=163&type=chunk) - Organic Annual Subscription Value (ASV) plus Professional Services reached **$1.70 billion**, an **8.9%** increase year-over-year, with growth across all geographic segments[161](index=161&type=chunk)[162](index=162&type=chunk) - The company's strategy focuses on building the leading open content and analytics platform, growing its digital platform, delivering execution excellence, and driving a growth mindset[155](index=155&type=chunk) - The COVID-19 pandemic has not significantly affected financial results for the quarter. The company has implemented a new flexible work standard, allowing for hybrid or fully remote arrangements, and is reassessing its real estate footprint[164](index=164&type=chunk)[167](index=167&type=chunk)[168](index=168&type=chunk) [Annual Subscription Value (ASV)](index=32&type=section&id=Annual%20Subscription%20Value%20%28ASV%29) Annual Subscription Value (ASV) Metrics | (in millions) | As of November 30, 2021 | | :--- | :--- | | As reported ASV plus Professional Services | $1,706.3 | | Currency impact | $2.7 | | Acquisition ASV | ($7.9) | | **Organic ASV plus Professional Services** | **$1,701.1** | | **Organic ASV plus Professional Services growth rate** | **8.9%** | - Organic ASV growth was driven by sales to existing clients (including price increases) and new client sales. By geography, the Americas contributed most to the increase, followed by EMEA and Asia Pacific[174](index=174&type=chunk)[175](index=175&type=chunk) - Buy-side clients accounted for approximately **83%** of Organic ASV, with a growth rate of **8.5%**. Sell-side clients grew at **13.2%**[181](index=181&type=chunk) [Results of Operations](index=34&type=section&id=Results%20of%20Operations) Q1 FY2022 vs Q1 FY2021 Performance | (in thousands) | Q1 2022 | Q1 2021 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | **$424,725** | **$388,206** | **$36,519** | **9.4%** | | Cost of services | $207,149 | $188,088 | $19,061 | 10.1% | | SG&A | $94,915 | $79,087 | $15,828 | 20.0% | | **Operating income** | **$122,661** | **$121,031** | **$1,630** | **1.3%** | | **Net income** | **$107,647** | **$101,206** | **$6,441** | **6.4%** | - Revenue growth of **9.4%** was primarily driven by a **9.1%** increase in organic revenues. All geographic segments and workflow solutions contributed to the growth[191](index=191&type=chunk)[192](index=192&type=chunk) - Operating margin decreased from **31.2%** to **28.9%** due to higher computer-related expenses, charges for vacating leased office space, and increased intangible asset amortization[200](index=200&type=chunk)[208](index=208&type=chunk) - The provision for income taxes decreased by **$6.7 million**, mainly due to **$6.9 million** in higher windfall tax benefits from employee stock option exercises, which was a primary driver for the **6.4%** increase in net income[218](index=218&type=chunk)[219](index=219&type=chunk) [Liquidity and Capital Resources](index=40&type=section&id=Liquidity%20and%20Capital%20Resources) - Primary liquidity sources are cash from operations and a **$750.0 million** revolving credit facility, of which **$575.0 million** was drawn and **$175.0 million** was available as of November 30, 2021[229](index=229&type=chunk)[231](index=231&type=chunk) - In Q1 FY2022, the company returned **$49.3 million** to shareholders through **$18.6 million** in share repurchases and **$30.7 million** in dividend payments[235](index=235&type=chunk)[237](index=237&type=chunk)[240](index=240&type=chunk) - Net cash from operating activities decreased by **$16.4 million** to **$72.9 million**, primarily due to the timing of tax payments and higher bonus payouts[250](index=250&type=chunk) Free Cash Flow Reconciliation | (in thousands) | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $72,918 | $89,276 | | Capital expenditures | ($8,583) | ($18,333) | | **Free cash flow** | **$64,335** | **$70,943** | [Quantitative and Qualitative Disclosures About Market Risk](index=45&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) Details exposure to foreign currency and interest rate risks, outlining hedging strategies and potential impacts on operating income and interest expense - The company uses foreign currency forward contracts to hedge exposure to the British Pound, Euro, Indian Rupee, and Philippine Peso[269](index=269&type=chunk) - A sensitivity analysis shows that if the U.S. dollar were **10%** weaker, the fair value of outstanding forward contracts would increase by **$15.4 million**, which would be substantially offset by changes in the expense base[270](index=270&type=chunk) - The company has **$575.0 million** in variable-rate debt, with **$287.5 million** of it effectively converted to a fixed rate via an interest rate swap, mitigating interest rate risk on that portion[273](index=273&type=chunk) [Controls and Procedures](index=46&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded disclosure controls and procedures were effective as of November 30, 2021, with no material changes to internal control over financial reporting - The Principal Executive Officer and Principal Financial Officer concluded that the company's disclosure controls and procedures are effective as of the end of the reporting period[276](index=276&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[277](index=277&type=chunk) Part II [Legal Proceedings](index=46&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company is involved in ordinary course legal proceedings, with no material adverse effect expected; details in Note 12 - Information regarding legal proceedings is incorporated by reference from Note 12, "Commitments and Contingencies," in the Notes to the Consolidated Financial Statements[278](index=278&type=chunk) [Risk Factors](index=46&type=section&id=ITEM%201A.%20RISK%20FACTORS) No material changes to risk factors previously disclosed in the FY2021 Annual Report on Form 10-K - No material changes to the risk factors identified in the Annual Report on Form 10-K for the fiscal year ended August 31, 2021, occurred during the three months ended November 30, 2021[279](index=279&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) Details the company's equity security repurchases during Q1 FY2022, including shares bought under the publicly announced program Issuer Purchases of Equity Securities (Q1 FY2022) | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Program | | :--- | :--- | :--- | :--- | | September 2021 | 7,000 | $396.06 | 7,000 | | October 2021 | 39,386 | $404.71 | 39,200 | | November 2021 | 6,561 | $438.40 | — | | **Total** | **52,947** | | **46,200** |

TUESDAY, DECEMBER 21, 2021 First Quarter Fiscal 2022 FactSet Earnings Call Copyright © 2021 FactSet Research Systems Inc. All rights reserved. Confidential: Do not forward. 2 Forward-Looking Statements and Non-GAAP Measures This presentation may contain forward looking statements reflecting management's current expectations based on currently available information. Actual results may differ materially from what is expressed or forecast in such forward-looking statements. More information about factors that ...

FactSet Research Systems Inc. (NYSE:FDS) Q1 2022 Results Conference Call December 21, 2021 11:00 AM ET Company Participants Kendra Brown - Head, IR Phil Snow - CEO Linda Huber - CFO Conference Call Participants Manav Patnaik - Barclay Toni Kaplan - Morgan Stanley Ashish Sabadra - RBC Capital Markets Alex Kramm - UBS Shlomo Rosenbaum - Stifel David Chu - Bank of America Owen Lau - Oppenheimer Mario Cortellacci - Jefferies Trevor Romeo - William Blair Kevin McVeigh - Credit Suisse Keith Housum - Northcoast Re ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended August 31, 2021 ☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-11869 FACTSET RESEARCH SYSTEMS INC. (Exact name of Registrant as specified in its charter) Delaware 13-3362547 (State or other juris ...

FactSet Research Systems Inc. (NYSE:FDS) Q4 2021 Earnings Conference Call September 28, 2021 11:00 AM ET Company Participants Rima Hyder - Head, IR Phil Snow - CEO Helen Shan - CFO and Chief Revenue Officer Conference Call Participants Ashish Sabadra - RBC Capital Markets Kevin McVeigh - Credit Suisse Manav Patnaik - Barclays Toni Kaplan - Morgan Stanley Mario Cortellacci - Jefferies Alex Kramm - UBS Trevor Romeo - William Blair George Tong - Goldman Sachs Patrick O'Shaughnessy - Raymond James Owen Lau - Op ...

SEE THE ADVANTAGE > FACTSET FactSet Earnings Call September 28, 2021 Fourth Quarter Fiscal 2021 FACTSET ) SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved. Forward-Looking Statements and Non-GAAP Measures This presentation may contain forward looking statements reflecting management's current expectations based on currently available information. Actual results may differ materially from what is expressed or forecast in such forward-looking statements. More information ab ...