Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended February 28, 2023 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 _________________________________________________ FACTSET RESEARCH SYSTEMS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Washington, D.C. 20549 __ ...

Financial Data and Key Metrics Changes - The company reported a GAAP revenue increase of 19.5% to $515 million for the second quarter, with organic revenue growth of 8.9% to $470 million [66] - Adjusted diluted EPS grew 16.2% to $3.80, driven by higher revenue and margin expansion [81] - GAAP operating margin increased by 430 basis points to 32.9%, while adjusted operating margin improved by 330 basis points to 37% [74] Business Line Data and Key Metrics Changes - Organic ASV plus professional services grew by 9.1% year-over-year, with strong performance from banking, asset owners, and wealth management clients [65][119] - The Analytics & Trading and Content & Technology solutions were primary growth drivers, with double-digit ASV growth from banking, corporate, and private equity clients [119] - The company saw improved retention and expansion among existing clients, with price realization also improving [65] Market Data and Key Metrics Changes - Organic ASV growth in the Americas was 8.2%, driven by increases in Content & Technology solutions and Analytics & Trading [67] - EMEA revenue grew at 8.2%, primarily due to growth in Analytics & Trading [68] - Asia Pacific revenue growth increased by 15.3%, driven by Research & Advisory and Content & Technology solutions [68] Company Strategy and Development Direction - The company is focused on building a leading open content and analytics platform, with significant investments in technology and data to support client digital transformations [90] - The strategy includes ongoing real estate rightsizing and rationalization of third-party content costs to manage expenses effectively [109] - The company plans to resume share repurchases, with $181.3 million available under the existing authorization [105] Management's Comments on Operating Environment and Future Outlook - Management noted a more challenging environment for clients due to rising interest rates and macroeconomic uncertainty, leading to reductions in AUM and constrained budgets [86] - The company expects continued ASV growth but with modest deceleration in the second half of the fiscal year, updating guidance for organic ASV growth to $145 million to $175 million [88] - Management remains confident in long-term growth, citing a diverse pipeline and increased demand for products [111][112] Other Important Information - The company completed a $125 million prepayment of the term loan for the CGS acquisition, reducing the gross leverage ratio to 2.4 times [84] - The company plans to take another real estate charge of approximately $15 million to $20 million later in the fiscal year [71] - The tax rate for the quarter was 16.1%, reflecting higher pre-tax income and lower stock option exercise [78] Q&A Session Summary Question: Impact of banking sector changes on ASV - Management indicated that two-thirds of the ASV reduction is expected from the banking sector, with the remaining third from other firm types [128] Question: Sales cycle and pipeline in banking - Management noted that sales cycles are taking longer, but the quality of the pipeline remains solid, with many deals in the commercial negotiation stage [161] Question: Sustainability of CGS ASV growth - Management confirmed that CGS has exceeded expectations with ASV growth of 8% since acquisition, and they are focused on expanding into new opportunities [167]

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 November 30, 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 ...

FactSet Research Systems Inc. (NYSE:FDS) Q1 2023 Earnings Conference Call December 20, 2022 11:00 AM ET Company Participants Kendra Brown - Senior Vice President, Investor Relations Philip Snow - Chief Executive Officer Linda Huber - Chief Financial Officer Conference Call Participants Manav Patnaik - Barclays Toni Kaplan - Morgan Stanley Andrew Nicholas - William Blair Alex Kramm - UBS George Tong - Goldman Sachs Craig Huber - Huber Research Faiza Alwy - Deutsche Bank Kevin McVeigh - Credit Suisse Hans Hof ...

Client Base and Revenue Growth - As of August 31, 2022, FactSet had over 7,500 clients, including approximately 180,000 investment professionals, with revenues primarily derived from subscriptions to multi-asset class data and solutions[15] - The buy-side organic annual subscription value (Organic ASV) growth rate for fiscal 2022 was 8.5%, with buy-side clients accounting for 83% of total ASV[30] - The sell-side organic ASV growth rate for fiscal 2022 was 13.8%, with sell-side clients representing 17% of total ASV[32] - Total client count increased by 16.8% to 7,538, with a net addition of 1,085 clients in the last 12 months[33] - The number of professionals using FactSet rose to 179,982, reflecting an 11.8% increase driven by wealth advisory and banking clients[34] - Annual ASV retention was greater than 95%, with client retention increasing to approximately 92% as of August 31, 2022[35] - Organic ASV plus Professional Services totaled $1.8 billion, up 9.3% compared to the previous year, with growth driven by Research & Advisory and Analytics & Trading solutions[36] - Fiscal 2022 revenues reached $1.8 billion, a 15.9% increase from the prior year, with organic revenues contributing 9.8% to this growth[195] Workforce and Diversity Initiatives - As of August 31, 2022, FactSet employed 11,203 individuals, with a 2.9% increase in workforce over the last twelve months[42] - In fiscal 2022, the company completed a global pay equity review, finding that women are paid 99% on average of what men are paid globally, and minority employees in the U.S. are paid 100% on average of what non-minority employees are paid[52] - The company launched a Supplier Diversity function and is currently auditing minority-owned spend and suppliers to set future goals[56] - The company achieved a 100% score on the Human Rights Campaign Equality Index for seven consecutive years, reflecting its commitment to inclusivity[55] - The company has maintained a MESH externship program for underrepresented college students in financial technology, expanding it to the U.K. in fiscal 2022[51] - The company has a comprehensive strategy for Diversity, Equity, and Inclusion (DE&I), focusing on workforce, marketplace, and societal impact areas[49] Technology and Digital Transformation - The company aims to enhance its digital platform and cloud-based solutions to support clients' evolving needs for personalized and connected data[20] - The company operates two fully redundant data centers in the U.S. and utilizes multiple cloud service providers to enhance service delivery and reliability[69] - The company has a hybrid cloud strategy that includes using premier cloud providers for services benefiting from cloud elasticity and resiliency[69] - The company is committed to digital transformation strategies to enhance operational efficiency and service delivery[92] - The company plans to grow its digital platform by scaling up its content refinery and offering cloud-based solutions[190] Financial Management and Risks - The company has a total outstanding principal amount of debt of $2.0 billion as of August 31, 2022[147] - The company has $250.0 million of unused commitments under the 2022 Revolving Facility and an option to increase the facility size by an additional $750.0 million[149] - The company is subject to ongoing tax audits and potential assessments, which could have a material impact on financial results if unfavorable outcomes occur[137][138] - The company utilizes derivative instruments to manage currency exchange rate fluctuations, but there is a risk that hedging may not be successful, impacting results and cash flows[140] - The company has incurred significant non-recurring costs associated with the CGS Transaction, including financial advisory and legal fees[146] - The company may face challenges in integrating the CGS Business, which could result in unforeseen expenses and affect cash flow[145] Market Presence and Competition - Approximately 40% of the company's revenues in fiscal 2022 were generated from operations outside the U.S., with 79% of employees located in non-U.S. offices[120] - The company is expanding its market presence in EMEA and Asia Pacific, focusing on client needs in these regions[88] - Intense competition may lead to price reductions and loss of market share, particularly if clients seek lower-cost alternatives[107] - A continued shift from active to passive investing could negatively impact user count growth and revenues, as passive investing requires less data and services[108] - Economic downturns and uncertainty may lead to reduced demand for the company's services, particularly from investment management clients[111] Cybersecurity and Data Privacy - The company is actively managing risks related to data privacy and cybersecurity, adhering to regulations such as the EU General Data Protection Regulation[95] - The company has dedicated resources for cybersecurity but acknowledges the increasing frequency and sophistication of cyberattacks, which may impact its ability to prevent or detect all such attacks[99] - A significant cyberattack could lead to unauthorized access to client data, resulting in increased expenses, potential lawsuits, and damage to the company's brand and reputation[100] - The company emphasizes the importance of continuous investment in internal processes and controls to safeguard client data[95] Operational Challenges - The company relies on its ability to process substantial volumes of data and transactions, and any significant growth in customer base may strain its systems[101] - The transition to new technologies and processes is complex and may involve substantial expenditures, with risks of operational disruptions during implementation[105] - The company faces operational risks in non-U.S. markets, including difficulties in product development and compliance with diverse regulatory requirements[120] - The ongoing COVID-19 pandemic has not yet materially impacted the company's financial condition, but future uncertainties could adversely affect operations and financial performance[127] - The company continues to monitor the impact of the Ukraine/Russia conflict on its operations and has taken steps to ensure compliance with regulatory restrictions[211] Stock Performance - The high and low sales prices per share of the company's common stock in Q1 2022 were $469.43 and $369.12, respectively[169] - The high and low sales prices per share of the company's common stock in Q2 2022 were $488.85 and $392.82, respectively[169] - The high and low sales prices per share of the company's common stock in Q3 2022 were $444.57 and $356.10, respectively[169] - The high and low sales prices per share of the company's common stock in Q4 2022 were $454.23 and $348.71, respectively[169] - As of October 10, 2022, the closing price of the company's common stock was $412.78 per share[169] Awards and Recognition - The company received over thirty industry awards in 2022, recognizing its performance across multiple workflows[201]

FactSet Research Systems Inc. (NYSE:FDS) Q4 2022 Earnings Conference Call September 22, 2022 11:00 AM ET Company Participants Kendra Brown - Senior Vice President, Investor Relations Phil Snow - Chief Executive Officer Linda Huber - Chief Financial Officer Conference Call Participants Ashish Sabadra - RBC Capital Markets Faiza Alwy - Deutsche Bank Owen Lau - Oppenheimer Manav Patnaik - Barclays Alex Kramm - UBS Greg Parrish - Morgan Stanley George Tong - Goldman Sachs Craig Huber - Huber Research Russell Qu ...

THURSDAY, SEPTEMBER 22, 2022 Fiscal 2022 & Q4 2022 FactSet Earnings Call Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 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, estimates, forecasts and projections about future events and circumstances. All statements that address ...

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 ...