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FactSet

FDS NYSE Financial Exchanges & Data Financials FY2017–FY2026

FactSet's revenue rose 6.7% to $2.5 billion in fiscal 2026. Its operating margin was 28.3%, down from 32.2% a year earlier. Free cash flow was $707 million, up 14.6%. It paid out $808 million in dividends and buybacks, 114% of free cash flow. The diluted share count fell 4.6%.

Last close · Oct 23, 2026

$331.32

1.2%
Value it Compare
Revenue Total sales reported in the income statement.
$2.5B
6.7% vs prior year
Operating margin Operating income as a share of revenue.
28.3%
4.0 pts
Net income Profit after all expenses, interest and tax.
$534M
10.6%
Free cash flow Cash from operations minus capital spending.
$707M
14.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
18.2%
2.5 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$12.1B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What FactSet does

No business description yet.

Legal name
FACTSET RESEARCH SYSTEMS INC.
Fiscal year ends
August 31, 2026
Latest annual report
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Accession · CIK
0001628280-26-066391
0001013237

Revenue and margins

FactSet had $2.5B of revenue in fiscal 2026, up 6.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2017 to 2026, diluted EPS grew 9.4% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $707M in fiscal 2026, 28.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

FactSet returned $808M to shareholders in fiscal 2026, 114% of free cash flow. The diluted share count fell 4.6%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value FactSet yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

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Adds net cash of −$1.1B and divides by 36.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

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Reference multiples: today 22.7x · peers 25.8x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably FactSet can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $537M$458M$493M$355M$265M
Debt incl. finance leases $2.0B$1.6B$1.4B$1.4B$1.4B
Net debt / EBITDA 2.6x1.6x1.1x1.1x1.3x
Debt / equity 1.5x1.0x0.7x0.6x0.7x
Interest coverage 13.3x9.5x10.7x13.3x12.8x
Current ratio 2.0x1.6x1.3x1.4x0.6x
Quick ratio 2.0x1.6x1.3x1.4x0.6x
Total assets $4.0B$4.0B$4.1B$4.3B$4.1B
Total liabilities $2.7B$2.3B$2.1B$2.1B$2.1B
Shareholders' equity $1.3B$1.6B$1.9B$2.2B$2.0B
Net debt (− = net cash) $1.4B$1.2B$873M$1.0B$1.1B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.1M

1 insider

Sold, 12 months

$1.5M

2 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Jan 12, 2026 Malcolm FrankDirector Sold 2,572 $295.70 $0.8M Form 4
Jan 8, 2026 Laurie SiegelDirector Sold 2,572 $296.25 $0.8M Form 4
Nov 6, 2025 Goran SkokoEVP, Chief Revenue Officer Bought 500 $252.93 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✕ ✓ ✕
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✓ ✓ ✓
F-score 8 / 98 / 96 / 9
Accruals ratio −4.1%−3.1%−6.8%
Altman Z'' 3.894.333.55

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
FactSet FDS $12.1B 6.7% 28.3% 28.6% 18.2% — 6
Morningstar MORN $8.6B 7.5% 21.5% 18.1% 22.5% 21.4x 6 Compare →
MSCI MSCI $44.5B 9.8% 54.7% 49.4% 44.5% 32.6x 7 Compare →
Cboe Global Markets CBOE $35.7B 15.1% 31.1% 35.7% 22.8% 26.5x 9 Compare →
CME Group CME $109.6B 6.4% 64.9% 64.3% 11.9% 25.1x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY17FY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $1.2B $1.4B $1.4B $1.5B $1.6B $1.8B $2.1B $2.2B $2.3B $2.5B
Gross profit $655M $691M $772M $799M $805M $973M $1.1B $1.2B $1.2B $1.3B
Research and development $215M $217M $215M $224M $250M $255M $267M $265M $301M $346M
Operating income $352M $366M $438M $440M $474M $476M $629M $701M $748M $700M
Interest expense $8.4M $15.9M $19.8M $12.9M $8.1M $35.7M $66.3M $65.8M $56.3M $54.7M
Pretax income $344M $352M $422M $427M $468M $444M $584M $652M $721M $650M
Income tax $86.1M $84.8M $69.2M $54.2M $68.0M $46.7M $116M $114M $124M $116M
Net income $258M $267M $353M $373M $400M $397M $468M $537M $597M $534M
Diluted EPS $6.51 $6.78 $9.08 $9.65 $10.36 $10.25 $12.04 $13.91 $15.55 $14.57
Diluted shares 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B 0.04B
Cash flow
Cash from operations $321M $386M $427M $506M $555M $538M $646M $700M $726M $822M
Capital expenditure $36.9M $33.5M $59.4M $77.6M $61.3M $51.2M $60.8M $85.7M $109M $115M
Free cash flow $284M $352M $368M $428M $494M $487M $585M $615M $617M $707M
Depreciation and amortization $48.3M $57.3M $60.5M $57.6M $64.5M $86.7M $105M $125M $158M $181M
Stock-based compensation $34.2M $31.5M $32.4M $36.6M $45.1M $56.0M $62.0M $63.5M $61.2M $84.1M
Acquisitions $303M $15.0M $0.0M $0.0M $58.1M $2.0B $23.6M $0.0M $348M $0.0M
Share buybacks $261M $304M $220M $200M $265M $18.6M $177M $235M $301M $644M
Dividends paid $80.9M $89.4M $100M $110M $118M $126M $139M $151M $160M $164M
Dividends and buybacks $342M $393M $320M $310M $383M $145M $315M $386M $460M $808M
Balance sheet
Cash and short-term investments $227M $238M $386M $605M $718M $537M $458M $493M $355M $265M
Total debt $575M $575M $574M $574M $575M $2.0B $1.6B $1.4B $1.4B $1.4B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $409M $431M $584M $842M $934M $870M $770M $836M $730M $652M
Current liabilities $201M $221M $219M $276M $316M $438M $484M $667M $521M $1.1B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $101M $101M $119M $133M $131M $80.8M $86.1M $82.5M $85.2M $79.2M
Total assets $1.4B $1.4B $1.6B $2.1B $2.2B $4.0B $4.0B $4.1B $4.3B $4.1B
Total liabilities $854M $894M $888M $1.2B $1.2B $2.7B $2.3B $2.1B $2.1B $2.1B
Shareholders' equity $560M $526M $672M $896M $1.0B $1.3B $1.6B $1.9B $2.2B $2.0B
Margins
Gross margin 53.6% 51.2% 53.8% 53.5% 50.6% 52.8% 53.3% 54.1% 52.7% 50.6%
Operating margin 28.8% 27.1% 30.5% 29.4% 29.8% 25.8% 30.2% 31.8% 32.2% 28.3%
EBITDA margin 32.8% 31.4% 34.7% 33.3% 33.8% 30.5% 35.2% 37.5% 39.0% 35.6%
Net margin 21.2% 19.8% 24.6% 25.0% 25.1% 21.5% 22.5% 24.4% 25.7% 21.5%
FCF margin 23.2% 26.1% 25.6% 28.7% 31.0% 26.4% 28.0% 27.9% 26.6% 28.6%
Returns
Return on capital 35.9% 31.4% 42.5% 44.5% 46.6% 23.3% 18.2% 20.8% 20.7% 18.2%
Return on capital employed 34.0% 30.4% 34.5% 27.9% 25.5% 17.3% 17.8% 20.4% 20.9% 20.5%
Return on equity 48.0% 49.2% 58.9% 47.6% 41.8% 33.8% 31.7% 30.4% 29.1% 25.5%
Return on assets 21.2% 18.9% 23.7% 20.5% 18.6% 12.7% 11.7% 13.4% 14.3% 12.6%
Growth
Revenue growth 8.4% 10.6% 6.3% 4.1% 6.5% 15.9% 13.1% 5.6% 5.4% 6.7%
Net income growth −23.8% 3.4% 32.1% 5.7% 7.2% −0.7% 18.0% 14.7% 11.2% −10.7%
EPS growth −20.5% 4.2% 33.9% 6.3% 7.4% −1.1% 17.5% 15.5% 11.8% −6.3%
FCF growth 0.1% 24.1% 4.4% 16.4% 15.3% −1.4% 20.1% 5.1% 0.5% 14.6%
Share count change −4.2% −0.7% −1.3% −0.6% −0.2% 0.4% 0.4% −0.7% −0.6% −4.6%
Financial health
Net debt / EBITDA 0.9x 0.8x 0.4x −0.1x −0.3x 2.6x 1.6x 1.1x 1.1x 1.3x
Debt / equity 1.0x 1.1x 0.9x 0.6x 0.6x 1.5x 1.0x 0.7x 0.6x 0.7x
Interest coverage 41.9x 23.0x 22.1x 34.1x 58.8x 13.3x 9.5x 10.7x 13.3x 12.8x
Current ratio 2.0x 2.0x 2.7x 3.1x 3.0x 2.0x 1.6x 1.3x 1.4x 0.6x
Quick ratio 2.0x 2.0x 2.7x 3.1x 3.0x 2.0x 1.6x 1.3x 1.4x 0.6x
Capital allocation
Capex / revenue 3.0% 2.5% 4.1% 5.2% 3.9% 2.8% 2.9% 3.9% 4.7% 4.6%
Stock comp / revenue 2.8% 2.3% 2.3% 2.5% 2.8% 3.0% 3.0% 2.9% 2.6% 3.4%
Payouts / FCF 120.5% 111.7% 87.1% 72.4% 77.5% 29.7% 53.9% 62.8% 74.6% 114.2%
Quality scores
Piotroski F-score 4.0 5.0 9.0 6.0 5.0 5.0 5.0 8.0 8.0 6.0
Altman Z'' 6.7 3.6 5.0 5.0 5.5 3.0 3.5 3.9 4.3 3.6
Accruals ratio −5.1% −8.4% −5.0% −7.3% −7.2% −4.5% −4.5% −4.1% −3.1% −6.8%

Source: SEC EDGAR XBRL filings (CIK 0001013237). Data updated October 20, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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