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FactSet(FDS) - 2025 Q3 - Quarterly Results
2025-06-23 10:59
FactSet Reports Results for Third Quarter 2025 NORWALK, Conn., June 23, 2025 - 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 2025 ended May 31, 2025. Third Quarter Fiscal 2025 Highlights (1) References to "organic" figures in this press release exclude the current year impact of acquisitions and dispositions completed within the past 12 months and the current year impac ...
FactSet to Report Q3 Earnings: What's in Store for the Stock?
ZACKS· 2025-06-20 16:00
Core Viewpoint - FactSet Research Systems Inc. (FDS) is expected to report its third-quarter fiscal 2025 results on June 23, with a consensus estimate for revenues at $581.3 million, reflecting a 5.2% increase year-over-year [1][2][9] Revenue Expectations - Revenues from the Americas are projected to be $374.8 million, indicating a 5.2% year-over-year growth, driven by strength in wealth and hedge funds [3] - EMEA revenues are estimated to rise 4.2% year-over-year to $147.2 million, supported by continued momentum in hedge funds and private equity venture capital [3] - Asia Pacific revenues are anticipated to reach $58.4 million, implying a 6.2% increase year-over-year, attributed to robust sales of Data Solutions among various financial sectors [4] Earnings Forecast - The consensus estimate for earnings per share (EPS) is $4.31, suggesting a 1.4% decline year-over-year [4][9] - The company's Earnings ESP is 0.00% with a Zacks Rank of 4 (Sell), indicating that the model does not predict an earnings beat this time [5]
FactSet Research Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-06-20 11:01
Group 1 - FactSet Research Systems Inc. is set to release its third-quarter earnings results on June 23, with expected earnings of $4.30 per share, a decrease from $4.37 per share in the same period last year [1] - The company is projected to report quarterly revenue of $580.9 million, an increase from $552.71 million a year earlier [1] - Sanoke Viswanathan has been appointed as the new CEO, effective early September 2025, succeeding Phil Snow [2] Group 2 - RBC Capital analyst Ashish Sabadra has reiterated a Sector Perform rating with a price target of $503 [4] - BMO Capital analyst Jeffrey Silber maintained a Market Perform rating and reduced the price target from $498 to $466 [4] - UBS analyst Alex Kramm maintained a Neutral rating and lowered the price target from $525 to $480 [4] - Wells Fargo analyst Jason Haas downgraded the stock from Equal-Weight to Underweight, cutting the price target from $450 to $402 [4] - Morgan Stanley analyst Toni Kaplan maintained an Underweight rating and reduced the price target from $409 to $390 [4]
Buy Or Sell FactSet Stock Ahead Of Upcoming Earnings?
Forbes· 2025-06-18 11:55
Group 1 - FactSet Research Systems is set to release its Q3 earnings around June 23, with projected earnings of $4.30 per share, a slight decline from $4.37 in the same period last year, while revenues are expected to rise by 5.1% year-over-year to $580.7 million [2] - The company's current market capitalization stands at $16 billion, with revenue for the past twelve months at $2.3 billion, reporting $711 million in operating profits and a net income of $543 million [3] - The Trefis High Quality portfolio has outperformed the S&P 500, yielding returns exceeding 91% since its inception, providing an alternative for investors seeking potential upside with less volatility [3][6] Group 2 - Over the past five years, FactSet has recorded 20 earnings data points, with positive one-day returns occurring approximately 50% of the time, and the median of positive returns at 3.6% while negative returns had a median of -4.3% [5] - The correlation between 1D post-earnings returns and subsequent 5D returns can be utilized for trading strategies, particularly if the 1D return is positive [6]
Seeking Clues to FactSet (FDS) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2025-06-17 14:16
Core Insights - The upcoming earnings report from FactSet Research is projected to show a quarterly earnings per share (EPS) of $4.31, reflecting a decline of 1.4% year-over-year, while revenues are expected to increase by 5.2% to $581.34 million [1] - Analysts have maintained their consensus EPS estimate over the last 30 days, indicating a collective reevaluation of initial estimates [1][2] Revenue Estimates - Revenues from clients in the US are expected to reach $376.58 million, marking a year-over-year increase of 5.6% [4] - International client revenues are projected at $204.15 million, indicating a 4.1% increase from the previous year [4] - Revenues from clients in the EMEA region are estimated to be $145.59 million, reflecting a 3.1% year-over-year change [4] - Revenues from clients in the Asia Pacific are forecasted at $58.64 million, suggesting a 6.6% increase year-over-year [5] Subscription Value and User Metrics - The total annual subscription value (ASV) is estimated at $2.32 billion, up from $2.22 billion year-over-year [5] - The total number of users is projected to reach 225,123, compared to 208,140 in the previous year [6] - ASV from international clients is expected to be $824.51 million, an increase from $784.90 million year-over-year [6] - ASV from domestic clients is projected at $1.50 billion, up from $1.42 billion [7] Market Performance - FactSet shares have experienced a decline of 11% over the past month, contrasting with a 1.4% increase in the Zacks S&P 500 composite [8] - The company holds a Zacks Rank of 4 (Sell), indicating expectations of underperformance relative to the overall market in the near future [8]
FactSet(FDS) - 2025 FY - Earnings Call Transcript
2025-05-29 13:00
Financial Data and Key Metrics Changes - The company has seen consistent growth in its wealth management segment, now exceeding $300 million in annual recurring revenue (ARR), representing about 15% of total revenue [58] - The overall market for wealth management is expected to be in the billions, indicating significant growth potential [58] Business Line Data and Key Metrics Changes - The wealth management segment has captured significant market share, with the company gaining clients among the top 20 wealth managers globally, now serving 100,000 wealth advisers [30] - The company has improved its private company data coverage from approximately 3 million to 8-9 million, enhancing the quality of firmographics and predicted financials [35] Market Data and Key Metrics Changes - The fastest-growing client segments in the global market data fee pool are investment management and retail wealth management, where the company is well-positioned [27] - The company anticipates that half of the revenues in its end markets will come from wealth, hedge funds, and private equity, indicating strong momentum in these areas [29] Company Strategy and Development Direction - The company is focusing on becoming a trusted partner for buy-side clients, emphasizing technology upgrades and workflow solutions to help clients become more efficient [20] - The strategy includes expanding into adjacent markets and enhancing AI capabilities to improve client workflows and data integration [46][49] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing cost pressures in the buy-side market, which have persisted for over a decade, but sees opportunities for growth by becoming a trusted technology partner [19] - The company expects that the current cycle in the banking sector may not see a significant resurgence in hiring until later this year or next year [25] Other Important Information - The company has transitioned to an API-first platform, allowing clients to integrate data and analytics in various ways, which positions it well for the AI-driven market [7] - The company has made significant investments in private markets and deep sector data, enhancing its offerings for investment banks [13] Q&A Session Summary Question: What are the key growth drivers for the wealth vertical? - Continued market share gains and expansion into adjacent workflows are crucial for achieving low double-digit growth in the wealth vertical [56] Question: Who are the main competitors in the buy-side market? - The primary competitors are Bloomberg and BlackRock's Aladdin, both of which are strong firms in the buy-side space [78] Question: What is the company's approach to managed services? - The target customers for managed services include larger firms looking to outsource middle to back-office functions, with a focus on performance, risk, and reporting [79]
FactSet Schedules Third Quarter 2025 Earnings Call
Globenewswire· 2025-05-29 11:00
Core Viewpoint - FactSet will release its financial and operating results for the third quarter of fiscal 2025 on June 23, 2025, and will host a conference call to discuss these results [1] Group 1: Conference Call Details - The conference call is scheduled for June 23, 2025, at 9:00 a.m. Eastern Time [2] - Participants must register in advance to receive dial-in numbers and a unique access pin for the call [2] - A live Q&A session will be included in the conference call [2] Group 2: Earnings Presentation and Replay - Earnings presentation slides will be available on FactSet's investor relations website at 8:30 a.m. Eastern Time on June 23, 2025 [3] - A replay of the earnings call will be accessible on the investor relations website after 1:00 p.m. Eastern Time on June 23, 2025, until June 23, 2026 [3] - The earnings call transcript will be available via FactSet CallStreet [3] Group 3: Company Overview - FactSet is a global financial digital platform and enterprise solutions provider with over 47 years of expertise [4] - The company serves more than 8,600 global clients and nearly 220,000 individual users across various sectors [4] - FactSet integrates proprietary financial data, client datasets, and third-party sources to deliver tailored solutions [4]
FactSet to Participate in the Bernstein 41st Annual Strategic Decisions Conference
Globenewswire· 2025-05-22 11:00
Core Insights - FactSet's CEO Phil Snow will participate in a fireside chat at the Bernstein 41st Annual Strategic Decisions Conference on May 29, 2025, at 8:00 a.m. Eastern Time [1] - A live webcast of the event will be available, with an audio replay accessible for 90 days on FactSet's Investor Relations website [2] Company Overview - FactSet is a global financial digital platform and enterprise solutions provider, enhancing financial intelligence through integrated data and information solutions [3] - The company has over 47 years of expertise, operates in 20 countries, and serves more than 8,600 global clients and nearly 220,000 individual users [3] - FactSet is a member of the S&P 500, focusing on innovation and long-term client success [3]
FactSet Increases Dividend
Globenewswire· 2025-05-01 11:00
Core Points - FactSet announced a 6% increase in its regular quarterly cash dividend from $1.04 to $1.10 per share [1][2] - This marks the twenty-sixth consecutive year of dividend increases on a stock split-adjusted basis, reflecting the company's commitment to shareholder value [2] - The cash dividend will be paid on June 18, 2025, to shareholders of record as of May 30, 2025 [2] Company Overview - FactSet is a global financial digital platform and enterprise solutions provider, offering integrated financial data and information solutions [3] - The company has over 47 years of expertise, operates in 20 countries, and serves more than 8,600 global clients with nearly 220,000 individual users [3] - FactSet is a member of the S&P 500 and focuses on innovation and long-term client success [3]
FactSet(FDS) - 2025 Q2 - Quarterly Report
2025-04-03 21:53
Acquisitions - The acquisition of LiquidityBook was completed on February 7, 2025, for a purchase price of $243.8 million, including contingent consideration of $11.9 million[81]. - LiquidityBook provides cloud-native trading solutions and enhances the company's ability to serve integrated workflow needs across the portfolio life cycle[82]. - The acquisition resulted in the recognition of goodwill totaling $162.4 million, reflecting the excess of the purchase price over the fair value of net assets acquired[83]. - The acquisition of Irwin was completed on November 5, 2024, for a purchase price of $120.2 million, including contingent consideration of $9.6 million[86]. - Irwin is a leading investor relations platform, expanding the company's capabilities in addressing the workflow needs of investor relations professionals[87]. - The acquisition of Irwin resulted in the recognition of goodwill totaling $90.3 million, representing the excess of the purchase price over the fair value of net assets acquired[89]. Financial Performance - For the three months ended February 28, 2025, total revenues reached $570,660,000, an increase from $545,945,000 for the same period in 2024, representing a growth of 4.5%[165]. - Operating income for the three months ended February 28, 2025, was $185,492,000, compared to $181,942,000 in the prior year, reflecting a year-over-year increase of 2.0%[165]. - For the six months ended February 28, 2025, total revenues were $1,139,327,000, compared to $1,088,161,000 for the same period in 2024, marking a growth of 4.7%[165]. - Operating income for the six months ended February 28, 2025, was $376,827,000, up from $370,982,000 in the previous year, reflecting a growth of 1.6%[165]. Goodwill and Intangible Assets - Goodwill increased from $1,011,129 thousand as of August 31, 2024, to $1,245,315 thousand as of February 28, 2025, reflecting acquisitions of $252,713 thousand and foreign currency translations of $(18,527) thousand[91]. - The total carrying amount of identifiable intangible assets as of February 28, 2025, was $2,408,330 thousand, with a net carrying amount of $1,935,488 thousand after accumulated amortization of $472,842 thousand[93]. - Amortization expense for intangible assets for the six months ended February 28, 2025, was $62,461 thousand, compared to $48,853 thousand for the same period in 2024, representing a year-over-year increase of 28%[94]. - The company did not identify any material impairment of intangible assets during the six months ended February 28, 2025[93]. - The company tested goodwill for impairment and concluded there was no impairment as of February 28, 2025[92]. Debt and Financing - Total debt as of February 28, 2025, was $1,472,162 thousand, an increase from $1,365,973 thousand as of August 31, 2024[108]. - The company entered into a credit agreement on March 1, 2022, borrowing a total of $1.25 billion, consisting of $1.0 billion under the senior unsecured term loan and $250 million under the senior unsecured revolving credit facility[109]. - As of February 28, 2025, the company fully repaid the 2022 Term Facility, amounting to $62.5 million and $125 million repaid during the three and six months ended February 28, 2025, respectively[111]. - The outstanding borrowings under the 2022 Revolving Facility were $480 million as of February 28, 2025, with net borrowings of $230 million during the six months ended February 28, 2025[112]. - The company issued $1 billion in Senior Notes, with $500 million at a 2.900% interest rate due March 1, 2027, and another $500 million at a 3.450% interest rate due March 1, 2032[120]. - Interest expense on outstanding debt for the three months ended February 28, 2025, was $13.9 million, down from $16.6 million for the same period in 2024[124]. Shareholder Returns - The company authorized up to $300 million for share repurchases during fiscal 2025, with $186.9 million remaining as of February 28, 2025[138]. - The company repurchased 136,714 shares of common stock at a total cost of $64.4 million during the three months ended February 28, 2025[137]. - The Board of Directors approved a dividend of $1.04 per share for the first and second quarters of fiscal 2025, totaling approximately $39,572,000 and $39,511,000 respectively[141]. Tax and Other Comprehensive Income - The effective tax rate for the six months ended February 28, 2025, was 16.2%, an increase from 15.8% for the same period in 2024, primarily due to lower excess tax benefits related to stock-based compensation[98]. - Total accumulated other comprehensive loss (AOCL) as of February 28, 2025, was $(112,753,000), compared to $(79,613,000) as of August 31, 2024[142]. Capital Expenditures - Capital expenditures for the three months ended February 28, 2025, totaled $23,736,000, up from $21,917,000 in the same period of 2024, indicating an increase of 8.3%[165]. - Capital expenditures for the six months ended February 28, 2025, were $49,610,000, compared to $38,383,000 in the same period of 2024, indicating a significant increase of 29.1%[165]. Segment Performance - Americas segment revenues for the three months ended February 28, 2025, were $369,661,000, an increase from $352,618,000 in the same period of 2024, representing a growth of 4.1%[165]. - EMEA segment revenues for the three months ended February 28, 2025, were $143,387,000, compared to $139,176,000 in the prior year, reflecting a growth of 3.1%[165]. - Asia Pacific segment revenues for the three months ended February 28, 2025, were $57,612,000, an increase from $54,151,000 in the same period of 2024, indicating a growth of 6.8%[165].