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].

Wall Street analysts expect FactSet Research (FDS) to post quarterly earnings of $4.19 per share in its upcoming report, which indicates a year-over-year decline of 0.7%. Revenues are expected to be $570.21 million, up 4.4% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company reveals i ...

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].

Core Points - FactSet has rescheduled its second quarter fiscal 2025 earnings conference call to 9:00 a.m. Eastern Time on March 20, 2025, from the previously scheduled 11:00 a.m. Eastern Time [1] - The earnings presentation slides will be available on FactSet's investor relations website at 8:30 a.m. Eastern Time on the same day, 30 minutes before the call begins [2] - A replay of the webcast will be available after the call, and all other details, including dial-in information and webcast link, remain unchanged [2] Company Overview - FactSet is a global financial digital platform and enterprise solutions provider, serving over 8,200 global clients and more than 218,000 individual users [3] - The company offers financial data, analytics, and open technology to clients across various sectors, including buy-side, sell-side, wealth management, private equity, and corporations [3] - FactSet is a member of the S&P 500 and has been recognized as one of the Best Places to Work in 2023 by Glassdoor [3]

Continued Investment in Pitchbook Automation to Enhance Junior Banker ProductivityNORWALK, Conn., March 04, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, announced the acquisition of TableTop Data, Inc. (“LogoIntern”), a workflow tool beloved by junior bankers to streamline the unenviable task of adding, organizing, and formatting logos into pitch decks. This acquisition builds on FactSet’s recently launched Pitch Creator s ...

NORWALK, Conn., Feb. 20, 2025 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, announced today that it will release its financial and operating results for the second quarter fiscal 2025, ending February 28, 2025, on Thursday, March 20, 2025. FactSet will also host a conference call to discuss these results at 11:00 a.m. Eastern Time on Thursday, March 20, 2025. The following information is provided for investors who would like to ...

Core Insights - FactSet announced the acquisition of LiquidityBook for a gross purchase price of $246.5 million in cash, aimed at enhancing its technology-forward order management (OMS) and investment book of record (IBOR) capabilities [1][5] Company Overview - LiquidityBook provides cloud-native trading solutions to hedge funds, asset and wealth management firms, and sell-side middle office clients, operating a proprietary FIX network that connects over 200 brokers and routes orders to more than 1,600 destinations across 80 markets globally [2][9] - Founded in 2005 and headquartered in New York, LiquidityBook has approximately 70 employees and offers a modular platform for the full trading life cycle, enabling multi-asset class portfolio, order, and execution management capabilities [4][9] Strategic Partnership - Over the past year, FactSet and LiquidityBook partnered to integrate LiquidityBook's OMS into the FactSet Workstation, linking various steps in the front office trade workflow, from security research to trade execution [3] - The acquisition is expected to accelerate FactSet's mission to connect the front office with the middle office, enhancing its ability to serve integrated workflow needs across the portfolio life cycle [3][4] Financial Implications - The acquisition closed on February 7, 2025, and was funded through borrowings under FactSet's existing revolving credit facility, with expectations of modest dilution to FactSet's fiscal 2025 GAAP and adjusted diluted EPS [5][6] Market Position - FactSet aims to streamline workflows across the entire portfolio life cycle, reducing clients' total cost of ownership and allowing them to focus on actionable investment decisions rather than navigating disparate platforms [4] - LiquidityBook's CEO emphasized the company's focus on developing a modular solution on scalable architecture to support sophisticated multi-asset trading workflows, positioning it as a disruptive force in the market for nearly 20 years [5][9]

NORWALK, Conn., Jan. 15, 2025 (GLOBE NEWSWIRE) -- FactSet, a global financial digital platform and enterprise solutions provider, today announced the launch of Pitch Creator, a groundbreaking GenAI-powered solution designed to revolutionize pitchbook creation for investment banks. By automating the time-consuming tasks of model analysis and presentation building, FactSet Pitch Creator can reduce hours of manual work into minutes, creating the productivity gains necessary for junior bankers to prioritize hig ...

Acquisition and Goodwill - The acquisition of Irwin was completed for a purchase price of $123.2 million, which includes contingent consideration of $12.7 million[81]. - Goodwill increased to $1.092 billion as of November 30, 2024, reflecting the acquisition of Irwin and foreign currency translations[86]. - The acquisition of Irwin is expected to enhance the company's capabilities in addressing the workflow needs of investor relations professionals[83]. - The company anticipates finalizing the purchase price allocation for Irwin within one year from the acquisition date[83]. Financial Performance - Revenues for the first quarter of fiscal 2025 were $568.7 million, representing a 4.9% increase from the prior year, driven by a 4.7% increase in organic revenues[170]. - The company reported income before income taxes of $179,739,000 for the three months ended November 30, 2024, compared to $175,196,000 for the same period in 2023, indicating a growth of approximately 1.4%[92]. - Net income for the three months ended November 30, 2024, was $150.0 million, a 1.0% increase from the previous year[217]. - Basic earnings per share (EPS) for the three months ended November 30, 2024, was $3.95, an increase from $3.91 in the same period of 2023[140]. - Diluted EPS for the three months ended November 30, 2024, was $3.89, an increase of 1.3% from $3.84 in the prior year[191]. Cash Flow and Liquidity - Net cash provided by operating activities for the three months ended November 30, 2024, was $86.4 million, a decrease of $68.8 million compared to $155.1 million for the same period in 2023[249]. - The company generated free cash flow of $60.5 million during the three months ended November 30, 2024, a decrease of $78.2 million compared to $138.7 million for the same period in 2023[256]. - Cash and cash equivalents decreased to $289.2 million from $423.0 million as of August 31, 2024[224]. - As of November 30, 2024, the company had short-term liquidity requirements of $62.5 million related to the outstanding balance of the 2022 Term Facility due March 1, 2025[230]. Debt and Interest Rates - Total debt as of November 30, 2024, was $1,359,103,000, a slight decrease from $1,365,973,000 as of August 31, 2024[104]. - The company entered into a new interest rate swap agreement with a notional amount of $200 million, which will decline by $50 million quarterly, with a fixed interest rate of 5.145%[75]. - Interest expense on outstanding debt for the three months ended November 30, 2024, was $14.367 million, compared to $16.729 million for the same period in 2023, reflecting a decrease of approximately 8.1%[121]. - The company entered into a 2024 Swap Agreement to hedge a portion of its floating SOFR debt with a fixed interest rate of 5.145%, maturing on February 28, 2025[115]. Taxation - The provision for income taxes for the three months ended November 30, 2024, was $29,717,000, resulting in an effective tax rate of 16.5%, up from 15.2% in the prior year[92][93]. Stockholder Returns - The company returned $88.0 million to stockholders in the form of share repurchases and dividends during the three months ended November 30, 2024[240]. - The company repurchased 104,475 shares for $48.8 million during the three months ended November 30, 2024[241]. - The Board of Directors approved a dividend of $1.04 per share for the first quarter of fiscal 2025, totaling $39.572 million, compared to $0.98 per share and $37.299 million for the same period in fiscal 2024[138]. Segment Performance - The Americas segment generated revenues of $367.2 million for the three months ended November 30, 2024, compared to $348.4 million in the same period of 2023, reflecting a growth of 5.3%[160]. - The EMEA segment reported revenues of $143.7 million for the three months ended November 30, 2024, up from $139.6 million in the prior year, marking a growth of 2.4%[160]. - The Asia Pacific segment's revenues increased to $57.7 million for the three months ended November 30, 2024, compared to $54.3 million in the same period of 2023, a growth of 6.9%[160]. Operating Metrics - Operating margin decreased to 33.6% for the three months ended November 30, 2024, down from 34.9% in the prior year period[172]. - Operating income rose by 1.2% to $191.3 million, with foreign currency exchange rate fluctuations decreasing operating income by $1.1 million[206]. - Cost of services as a percentage of revenues decreased to 45.5%, a reduction of 90 basis points year-over-year, primarily due to lower employee compensation costs[204]. - Selling, General and Administrative (SG&A) expenses increased by 16.7% to $118.6 million, driven by higher employee compensation costs and professional fees[205]. Assets and Capital Expenditures - Total assets as of November 30, 2024, were $4,048.6 million, slightly down from $4,055.0 million as of August 31, 2024[161]. - Capital expenditures for the three months ended November 30, 2024, totaled $25.9 million, compared to $16.5 million in the same period of 2023[160]. - Capital expenditures increased by 57.1% to $25.9 million for the three months ended November 30, 2024, compared to $16.5 million for the same period a year ago[244]. Derivative Instruments and Foreign Currency - The fair value of derivative instruments included in the balance sheet as of November 30, 2024, showed total derivative liabilities of $1.925 million[78]. - As of November 30, 2024, the gross notional value of foreign currency forward contracts was $180.4 million, a decrease from $188.2 million as of August 31, 2024[78]. - The company recognized a pre-tax derivative loss of $4.1 million in cash flow hedge accounting for the three months ended November 30, 2024[79]. - The total gross notional value of foreign currency forward contracts amounted to $180,419,000, compared to $188,155,000 as of August 31, 2024[260]. Employee and Stock-Based Compensation - Total stock-based compensation expense for the three months ended November 30, 2024, was $13.6 million, down from $14.3 million in the same period of 2023[148]. - The company had 3.3 million employee stock-based awards available for grant under the LTIP as of November 30, 2024[154]. - The estimated fair value of stock options granted on November 1, 2024, was $133.10, with a weighted average exercise price of $458.80[150].

FactSet Research Systems, Inc. (FDS) reported impressive first-quarter fiscal 2025 results, wherein earnings and revenues beat the Zacks Consensus Estimate.See Zacks Earnings Calendar to stay ahead of market-making news.The stock price has not witnessed any significant impact of the earnings beat since the company released results on Dec. 19.FDS’s earnings per share (excluding 48 cents from non-recurring items) of $4.4 beat the consensus mark by 1.6% and increased 6.1% from the year-ago quarter. Revenues of ...