Financial Data and Key Metrics Changes - For fiscal year 2025, the company achieved annual revenue of $2.3 billion, with an adjusted operating margin of 36.3% and adjusted EPS of $16.98, all within guidance ranges [15][24] - Fourth quarter revenues increased by 6.2% year-over-year, reaching $597 million, contributing to a 5.4% overall revenue growth for fiscal 2025 [24][25] - The company reported organic ASV growth of $127 million for FY25, with Q4 organic ASV of $81.8 million, marking the largest quarter in the company's history [14][15] Business Line Data and Key Metrics Changes - Wealth management delivered strong Q4 performance with organic growth exceeding 10%, driven by significant seven-figure deals and competitive displacements [17][18] - The banking segment saw a 4% year-over-year organic ASV growth, with strong quarterly results attributed to confidence in the AI roadmap [18][20] - Off-platform ASV with wealth clients grew over 50% year-over-year, indicating successful expansion beyond traditional offerings [17] Market Data and Key Metrics Changes - In the Americas, organic ASV growth accelerated to 6%, with asset managers increasing technology investments [16] - EMEA region saw organic ASV growth improve to 4%, with strategic wins despite ongoing challenges for mid-sized asset managers [16] - Asia-Pacific experienced a 7% increase in organic ASV growth, driven by strong demand for middle office solutions and AI-ready data [16][21] Company Strategy and Development Direction - The company aims to become the leading AI-powered financial intelligence platform, focusing on integrating AI into client workflows and enhancing product offerings [10][11] - Strategic investments in AI and data expansion are prioritized to maintain market leadership and drive future growth [28][30] - The company plans to deepen integration with client workflows and expand offerings in data feeds and analytics solutions [29][30] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current environment of tight client budgets and longer sales cycles but remains confident in the company's competitive positioning [22][23] - The outlook for fiscal 2026 anticipates organic ASV growth of $100 million to $150 million, reflecting a conservative approach due to market dynamics [32][33] - The company expects continued strong demand for solutions, particularly in wealth management and banking, supported by a robust sales pipeline [31][32] Other Important Information - The company returned over $460 million to shareholders in fiscal 2025 through dividends and share repurchases, demonstrating a commitment to shareholder value [27] - The company divested RMS Partners to focus on core growth areas, which led to a one-time gain recognized in GAAP results [27][28] Q&A Session Summary Question: Margin decline breakdown and future outlook - Management indicated that margin decline is primarily due to increased investments in growth and structural changes, with expectations for operating leverage in the future [36][37][38] Question: AI strategy and competitive dynamics - The CEO emphasized the significant opportunity in AI, with ongoing efforts to understand client priorities and enhance product offerings [41][42][43] Question: Strength in wealth management - Management highlighted strong momentum in wealth management, with opportunities for seven-figure deals and improved client engagement [45][46][48] Question: Trends in bank hiring - Management noted improved hiring trends in banking, with a focus on productivity tools and AI-related offerings [70][71] Question: Internal productivity initiatives - Management discussed the importance of internal productivity improvements and the potential for AI to enhance efficiency and output [72][76][77]

Financial Data and Key Metrics Changes - For FY25, the company added $127 million of organic ASV, near the top end of guidance range [12] - Annual revenue increased to $2.3 billion, with an adjusted operating margin of 36.3% and adjusted EPS growing to $16.98 [13] - Q4 organic ASV reached $81.8 million, the largest quarter in company history, representing a sequential growth acceleration of 5.7% [13][22] - Q4 revenues increased 6.2% year over year, reaching $597 million, with FY25 delivering 5.4% overall revenue growth [22] Business Line Data and Key Metrics Changes - Wealth management delivered strong Q4 performance with organic growth exceeding 10%, driven by seven-figure deals [15] - Off-platform ASV with wealth clients grew more than 50% year-over-year [15] - Dealmaker's organic ASV grew 4% year-over-year, with strong quarterly results in banking [16] - The integration of Irwin and FactSet is driving growth in corporate IR needs [17] Market Data and Key Metrics Changes - In the Americas, organic ASV growth accelerated to 6%, with asset managers increasing technology investments [14] - EMEA organic ASV growth improved to 4%, with strategic wins including competitor displacement [14] - Asia-Pacific organic ASV growth increased 7%, driven by strong demand for middle office solutions and AI-ready data [14] Company Strategy and Development Direction - The company aims to become the leading AI-powered financial intelligence platform, focusing on client engagement and product innovation [5][10] - Strategic investments in AI and data solutions are expected to drive top-line growth and enhance client workflows [10][28] - The company plans to expand its offerings in data feeds and analytics solutions to meet the growing needs of advisors [28] Management's Comments on Operating Environment and Future Outlook - Management acknowledges tight client budgets and evolving market dynamics, leading to longer sales cycles [19] - The company is positioned at an inflection point with strategic investments beginning to translate into competitive advantages [32] - Guidance for FY26 anticipates organic ASV growth of $100 million to $150 million, reflecting a conservative approach due to current market conditions [30][31] Other Important Information - The company repurchased approximately 260,000 shares for $107 million during the quarter, concluding a $300 million share repurchase program [24] - A quarterly dividend of $1.10 per share was paid, marking the 26th consecutive year of dividend increases [25] - The company divested RMS Partners to concentrate resources on core growth areas [25][26] Q&A Session Summary Question: Margin decline breakdown and future outlook - Management indicated that margin decline is due to bonus normalization and additional hiring for investments, with expectations for operating leverage in the future [36][38] Question: AI strategy and competitive dynamics - The focus will be on understanding client priorities and enhancing product offerings, with AI seen as a significant opportunity for growth [41][42] Question: Strength in wealth management and future growth - The company sees ongoing demand for analytics and AI in wealth management, with opportunities for seven-figure deals and geographic expansion [46][48] Question: AI strategy and competitive moat - AI investments are expected to enhance internal efficiencies and client engagement, with a strong focus on implementation quality [52][56] Question: Trends in bank hiring - Improved hiring trends were noted in Q4, with expectations for continued momentum in the banking sector [73] Question: Accelerating organic revenue growth - The company believes that increased use of analytics and AI will drive demand for services, with a focus on executing existing opportunities [81][82]

Financial Data and Key Metrics Changes - In Q2 2025, organic ASV grew by 4.1% year-over-year, with an adjusted operating margin of 37.3% and adjusted diluted EPS of $4.28 [9][10][43] - GAAP revenues increased by 4.5% year-over-year to $571 million, while organic revenues grew by 4% to $568 million [35][36] - Free cash flow was $150 million in Q2, up 23% over the same period last year [44] Business Line Data and Key Metrics Changes - Wealth management saw double-digit growth, with significant wins including a contract with UBS [15][16] - The banking segment faced challenges, but renewal activity increased, with over a dozen large banking renewals signed [18][20] - PEVC experienced accelerated double-digit growth, while asset management faced headwinds due to cost rationalization [21][22] Market Data and Key Metrics Changes - In the Americas, organic ASV grew by 4%, while EMEA saw 3% growth and Asia-Pacific maintained 7% growth [12][13][14] - The wealth segment is gaining market share, particularly in the Americas, with expansion opportunities in Europe and Asia [16][17][118] Company Strategy and Development Direction - The company is focused on driving top-line growth, with a strong sales pipeline and product-led innovation [25][26] - Recent acquisitions, including LiquidityBook, are expected to enhance service offerings and cross-sell opportunities [23][27][111] - The strategy includes expanding into new regions and adding services to existing clients, particularly in wealth management [119] Management's Comments on Operating Environment and Future Outlook - Management acknowledges a challenging market environment but expresses confidence in the sales pipeline and product innovation [10][11] - There is optimism about growth acceleration in the second half of the fiscal year, with reaffirmed guidance for organic ASV growth [47][50] - The company is well-positioned to capitalize on Gen AI products and improve client engagement [31][50] Other Important Information - The company repurchased nearly 137,000 shares for approximately $64 million during the quarter [45] - The effective tax rate for Q2 was 15.9%, a decrease from the previous year [42] - The company is committed to returning capital to shareholders while maintaining investment-grade ratings [46][47] Q&A Session Summary Question: Can you provide more details on the traction with Gen AI products? - Management reported strong momentum with PitchCreator and other Gen AI products, with positive client reception and active trials [56][62] Question: Is the environment improving or is the company performing better in a challenging market? - Management believes they have de-risked major challenges and are seeing strength across all markets, with a positive outlook for the second half [68][71] Question: How does banking factor into the guidance range? - Management indicated that they are not relying on banking for their numbers, with conservative estimates baked into the guidance [76][80] Question: Is the UBS Vault deal included in ASV this quarter? - Yes, the UBS deal was signed in the quarter, but the ASV impact will be realized in the following quarters [84][87] Question: What is the pricing outlook given the lower CPI? - Management expects international pricing to align with the lower CPI, impacting annual price increases [90][92] Question: How are technology costs impacting margins? - Management is actively managing technology and people costs, with expectations of a ramp-up in expenses for strategic investments in the second half [96][100]

持续投资推介手册自动化领域， 提升初级银行家工作效率 全球领先的金融数字平台及企业解决方案提供商FactSet慧甚（纽约证券交易所代码：FDS；纳斯达克股票 代码：FDS）近日正式宣布完成对TableTop Data公司（简称 "LogoIntern"）的收购。LogoIntern是一款备 受初级银行家青睐的工作流程优化工具，能够高效简化在推介文件中添加、整理和排版公司标志这一复杂 且耗时的任务。此次收购是FactSet在推介手册自动化领域的又一重大举措，紧随近期推出的Pitch Creator 解决方案，旨在进一步推动初级银行家日常工作流程中繁琐手工环节的自动化变革。 FactSet银行与卖方研究高级副总裁兼高级总监肯德拉・布朗（Kendra Brown）表示："在演示文稿制作过 程中，我们很多人都曾耗费大量时间用于调整公司标志的尺寸、排列顺序和样式设置。这一过程对于多数 人而言仅是恼人之事，但对于投资银行客户而言，这项繁琐又单调的任务却是他们创建推介材料工作流程 中 无 法 回 避 的 必 要 环 节 。 FactSet 始 终 致 力 于 提 高 初 级 银 行 家 的 工 作 效 率 ， 提 升 交 ...

Core Viewpoint - FactSet has completed the acquisition of TableTop Data (LogoIntern), a workflow optimization tool favored by junior bankers, to enhance efficiency in the automation of pitch book preparation [2][4]. Group 1: Acquisition Details - The acquisition of LogoIntern is a significant move for FactSet in the pitch book automation sector, following the recent launch of the Pitch Creator solution [2]. - LogoIntern simplifies the complex and time-consuming task of adding, organizing, and formatting company logos in pitch documents, which is a necessary but tedious part of the workflow for investment banking clients [3]. Group 2: Company Statements - Kendra Brown, Senior Vice President at FactSet, emphasized that the integration of LogoIntern will save users time, allowing them to focus on more valuable tasks [3]. - Jack Archer, CEO of LogoIntern, expressed his commitment to enhancing the efficiency of junior bankers and is excited to join FactSet to further this mission [4]. Group 3: Market Impact - The acquisition is expected to have no significant impact on FactSet's financial performance for the fiscal year 2025, indicating a strategic long-term investment in improving operational efficiency for financial professionals [4].

每周为初级银行家节省数小时 突破性的营销手册自动化工具提升效率， 全球金融数字平台和企业解决方案供应商FactSet慧甚于今年1月15日宣布推出一款由生成式人工智能驱动 的创新性解决方案 ——Pitch Creator。该产品旨在彻底改变投行营销的传统模式。通过自动化完成模型分 析和演示文稿制作等耗时任务，FactSet Pitch Creator可以将数小时的人工工作缩短至几分钟，为初级银行 家带来显著的生产力提升，使他们能够优先开展推动新业务机会的高影响力战略举措。 Pitch Creator的部分功能借助了FactSet Mercury，这是FactSet的一款由生成式人工智能驱动的聊天机器 人。用户可以通过它下达指令、查阅模板、制作幻灯片（PPT），以及使用自然语言提示从结构化和非结 构化数据中挖掘可查证的见解。与微软办公软件的无缝集成，让初级银行家能够高效地编辑、分析和源码 链接公司研究和市场数据，然后将其直接传输到Excel模型和PowerPoint演示文稿中。 Pitch Creator 的主要功能包括： 1.智能搜索（Search Intelligence）：用户可以通过智能搜索功能绕过耗时的 ...