FactSet(US:FDS)2025-09-17 22:19Financial Performance - Q4 GAAP revenues were $596.9 million, up 6.2% from Q4 2024, while fiscal 2025 GAAP revenues reached $2,321.7 million, up 5.4% year over year[5]. - Q4 GAAP diluted EPS increased 73.7% to $4.03, and for fiscal 2025, GAAP diluted EPS was $15.55, up 11.8% year over year[5][7]. - The company reported a net income of $597.0 million for the fiscal year 2025, compared to $537.1 million in 2024, reflecting a year-over-year increase of about 11.1%[29]. - Operating income for the three months ended August 31, 2025, was $177,321, representing a 38.7% increase from $127,858 in 2024[36]. - Net income for the twelve months ended August 31, 2025, was $597,040, an increase of 11.2% from $537,126 in 2024[32]. - Adjusted operating income for the twelve months ended August 31, 2025, was $843,432, up 1.3% from $832,653 in 2024[36]. - The diluted earnings per share for the twelve months ended August 31, 2025, increased to $15.55, an 11.8% rise from $13.91 in 2024[36]. Cash Flow and Assets - Net cash provided by operating activities for Q4 fiscal 2025 was $212.1 million, a 30.0% increase compared to the prior year[5]. - Free cash flow for the twelve months ended August 31, 2025, was $617,454, a slight increase of 0.5% from $614,657 in 2024[40]. - The company reported a net cash provided by operating activities of $726,260 for the twelve months ended August 31, 2025, compared to $700,338 in 2024[32]. - FactSet's total assets as of August 31, 2025, were $4,304.3 million, an increase from $4,055.0 million in 2024[31]. - Cash and cash equivalents at the end of the period were $337,651, down from $422,979 at the end of the previous year[32]. - FactSet's total stockholders' equity increased to $2,186.4 million as of August 31, 2025, compared to $1,912.5 million in 2024, marking a growth of approximately 14.3%[31]. Client and ASV Metrics - Client count increased by 9.5% to 8,996, and user count grew by 9.7% to 237,324 as of August 31, 2025[7][15]. - Organic ASV was $2,370.9 million at August 31, 2025, reflecting a 5.7% increase year over year, with a quarterly increase of $81.8 million[5][8]. - Annual ASV retention was greater than 95%, with client retention at 91% as of August 31, 2025[15]. - ASV from buy-side clients accounted for 82.0% in Q4'25, slightly down from 82.3% in Q3'25[43]. - ASV growth rate from buy-side clients increased to 5.5% in Q4'25, compared to 4.0% in Q3'25[43]. - ASV from sell-side clients represented 18.0% in Q4'25, up from 17.7% in Q3'25[43]. - ASV growth rate from sell-side clients improved to 4.3% in Q4'25, compared to 4.0% in Q3'25[43]. - The total reported ASV was $2,405.6 million, with a currency impact of $(0.6) million and acquisition ASV of $(34.1) million[44]. - Organic revenues for the twelve months ended August 31, 2025, were $2,300,184, reflecting a growth of 4.4% compared to $2,203,056 in 2024[33]. Future Guidance - Fiscal 2026 guidance includes expected organic ASV growth of 4% - 6% and GAAP revenues in the range of $2,423 to $2,448 million[5][17]. - For fiscal 2026, FactSet expects organic ASV growth in the range of $100 million to $150 million[23]. - GAAP diluted EPS is projected to be between $14.55 and $15.25 for fiscal 2026, while adjusted diluted EPS is expected to range from $16.90 to $17.60[23]. - The company's GAAP operating margin is anticipated to be between 29.5% and 31.0% for fiscal 2026[23]. - FactSet's annual effective tax rate is expected to be in the range of 18% to 19% for fiscal 2026[23]. Strategic Initiatives - The company completed the divestiture of its RMS Partners business to enhance focus on its core offerings[15]. - FactSet returned $460.4 million to stockholders through share repurchases and dividends during fiscal 2025[14]. - The company led an investment in BondCliQ to integrate intra-day pricing data for corporate bonds into its platforms, enhancing fixed income analytics[22]. - The company has announced the availability of AI-powered fixed income data from MarketAxess within its Workstation and Real-Time Data Feeds[22]. - FactSet's GAAP effective tax rate for fiscal 2025 decreased to 17.2% from 17.6% in the previous year, primarily due to a lower U.S. tax impact of foreign earnings[7].