NYSE · Financial Statements

FactSet Research Systems Inc. (FDS) Financial Statements

$331.32 NYSE: FDS Market Cap $11.78B

FactSet Research Systems Inc. most recently reported annual revenue of $2.5B, net profit of $533.0M. Revenue grew at an average annual rate of 9.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

FactSet Research Systems Inc.: Revenue rose from $1.2B in 2017 to $2.5B in 2026, a change of +102.8% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 28.8% to 28.3%, a shift of -0.6 percentage points; the most recent year shows net profit of $533.0M.

Income Statement — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Revenue	$1.2B	$1.4B	$1.4B	$1.5B	$1.6B	$1.8B	$2.1B	$2.2B	$2.3B	$2.5B
Operating Expenses	$869.0M	$984.0M	$997.0M	$1.1B	$1.1B	$1.4B	$1.5B	$1.5B	$1.6B	$1.8B
Operating Profit	$352.0M	$366.0M	$438.0M	$440.0M	$474.0M	$475.0M	$630.0M	$701.0M	$748.0M	$700.0M
Operating Margin	28.8%	27.1%	30.5%	29.4%	29.8%	25.8%	30.2%	31.8%	32.2%	28.3%
Other Income	$-8.0M	$-14.0M	$-16.0M	$-13.0M	$-6.0M	$-32.0M	$-45.0M	$-50.0M	$-27.0M	$-50.0M
Interest	$8.0M	$16.0M	$17.0M	$10.0M	$8.0M	$36.0M	$66.0M	$66.0M	$56.0M	$55.0M
Depreciation	$48.0M	$57.0M	$60.0M	$101.0M	$107.0M	$130.0M	$138.0M	$156.0M	$189.0M	$213.0M
Profit Before Tax	$344.0M	$352.0M	$422.0M	$427.0M	$468.0M	$444.0M	$585.0M	$652.0M	$721.0M	$650.0M
Tax	$25.0M	$24.1M	$16.4M	$12.7M	$14.6M	$10.5M	$20.0M	$17.6M	$17.2M	$17.9M
Net Profit	$258.0M	$267.0M	$353.0M	$373.0M	$400.0M	$397.0M	$468.0M	$537.0M	$597.0M	$533.0M
EPS	$6.51	$6.78	$9.08	$9.65	$10.36	$10.25	$12.04	$13.91	$15.55	$14.57
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$536.0M	$542.0M	$546.0M	$553.0M	$562.0M	$569.0M	$571.0M	$586.0M	$597.0M	$608.0M	$611.0M	$623.0M
Operating Expenses	$420.0M	$353.0M	$364.0M	$350.0M	$434.0M	$377.0M	$385.0M	$391.0M	$420.0M	$416.0M	$426.0M	$457.0M
Operating Profit	$116.0M	$189.0M	$182.0M	$202.0M	$128.0M	$191.0M	$185.0M	$194.0M	$177.0M	$192.0M	$185.0M	$166.0M
Operating Margin	21.7%	34.9%	33.3%	36.6%	22.7%	33.6%	32.5%	33.2%	29.7%	31.6%	30.3%	26.7%
Interest	$17.0M	$17.0M	$17.0M	$17.0M	$16.0M	$14.0M	$14.0M	$15.0M	$13.0M	$13.0M	$40.0M	$14.0M
Profit Before Tax	$107.0M	$175.0M	$169.0M	$191.0M	$117.0M	$180.0M	$172.0M	$180.0M	$189.0M	$190.0M	$161.0M	$154.0M
Tax	$39.3M	$15.2M	$16.4M	$17.0M	$23.6M	$16.5M	$15.9M	$17.4M	$18.7M	$19.7M	$17.4M	$17.8M
Net Profit	$65.0M	$149.0M	$141.0M	$158.0M	$89.0M	$150.0M	$145.0M	$149.0M	$154.0M	$153.0M	$133.0M	$127.0M
EPS	$1.68	$3.84	$3.65	$4.09	$2.32	$3.89	$3.76	$3.88	$4.03	$4.06	$3.59	$3.51

Over the 10 years reported for FactSet Research Systems Inc., borrowings increased from $575.0M in 2017 to $1.5B in 2026, cash stood at $233.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.60 times.

Balance Sheet — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Total Assets	$1.4B	$1.4B	$1.6B	$2.1B	$2.2B	$4.0B	$4.0B	$4.1B	$4.3B	$4.1B
Current Assets	$409.0M	$431.0M	$584.0M	$842.0M	$934.0M	$870.0M	$770.0M	$836.0M	$730.0M	$655.0M
Cash	$195.0M	$209.0M	$360.0M	$586.0M	$682.0M	$503.0M	$425.0M	$423.0M	$338.0M	$233.0M
Inventory	$0	$6.0M	$0	$0	$14.0M	$0	$0	$0	$0	$0
Receivables	$148.0M	$157.0M	$146.0M	$155.0M	$151.0M	$204.0M	$238.0M	$228.0M	$271.0M	$301.0M
Fixed Assets	$100.0M	$101.0M	$121.0M	$382.0M	$370.0M	$240.0M	$228.0M	$213.0M	$207.0M	$193.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$32.0M	$29.0M	$26.0M	$20.0M	$36.0M	$35.0M	$32.0M	$70.0M	$17.0M	$32.0M
Other Assets	$708.0M	$702.0M	$686.0M	$710.0M	$754.0M	$966.0M	$1.0B	$1.0B	$1.3B	$1.3B
Total Liabilities	$854.0M	$894.0M	$888.0M	$1.2B	$1.2B	$2.7B	$2.3B	$2.1B	$2.1B	$2.1B
Current Liabilities	$201.0M	$221.0M	$219.0M	$276.0M	$316.0M	$438.0M	$484.0M	$667.0M	$521.0M	$1.1B
Borrowings	$575.0M	$575.0M	$574.0M	$876.0M	$866.0M	$2.2B	$1.8B	$1.6B	$1.6B	$1.5B
Other Liabilities	$279.0M	$319.0M	$314.0M	$310.0M	$340.0M	$463.0M	$503.0M	$568.0M	$559.0M	$599.0M
Equity	$1.0M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Reserves	$560.0M	$526.0M	$672.0M	$898.0M	$1.0B	$1.3B	$1.6B	$1.9B	$2.2B	$2.0B

For FactSet Research Systems Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $707.0M; free cash flow was positive in 10 of 10 years; financing activities used $667.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Operating Cash Flow	$321.0M	$386.0M	$427.0M	$506.0M	$555.0M	$538.0M	$646.0M	$700.0M	$726.0M	$822.0M
Investing Cash Flow	$-384.0M	$-82.0M	$-115.0M	$-151.0M	$-197.0M	$-2.1B	$-156.0M	$-230.0M	$-502.0M	$-247.0M
Financing Cash Flow	$-252.0M	$-231.0M	$-114.0M	$-108.0M	$-269.0M	$52.0M	$-118.0M	$-160.0M	$-259.0M	$-667.0M
Net Cash Flow	$-34.0M	$14.0M	$151.0M	$226.0M	$96.0M	$-179.0M	$-78.0M	$-2.0M	$-71.0M	$-112.0M
Free Cash Flow	$284.0M	$352.0M	$368.0M	$428.0M	$494.0M	$487.0M	$585.0M	$615.0M	$617.0M	$707.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	-2.54
EV / EBITDA	11.77
FCF Yield	7.48%
Quick Ratio	0.60
Interest Coverage	8.59
Return 1Y	3.27%
Return 3Y	-34.28%
Return 5Y	-28.53%

FactSet Research Systems Inc. (FDS) financials — frequently asked questions

What is FactSet Research Systems Inc.'s annual revenue?

FactSet Research Systems Inc. (FDS) reported annual revenue of $2.5B in its most recent fiscal year.

What is FactSet Research Systems Inc.'s net profit?

FactSet Research Systems Inc. (FDS) reported net profit of $533.0M in its most recent fiscal year.

What is FDS EV/EBITDA?

FactSet Research Systems Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 11.77.

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