FactSet Research Systems Inc. (FDS) 10-Year Financial Performance & Capital Metrics

FDS • • Banking & Credit

Financial ServicesFinancial Data & ExchangesFinancial Data & AnalyticsComprehensive Financial Data Providers

AboutFactSet Research Systems Inc., a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.Show more

Net Interest Income -$50M +3.0%
Total Revenue $2.32B +5.4%
Net Income $597M +11.2%
Return on Equity 29.13% -4.2%
Net Interest Margin -1.16% +8.6%
Efficiency Ratio 20.49% -7.9%
ROA 14.28% +6.6%
Equity / Assets 50.8% +7.7%
Book Value per Share 56.96 +15.0%
Tangible BV/Share -26.43 -8.2%
Debt/Equity 0.71 -13.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 30.4%
✓Strong Piotroski F-Score: 7/9
✓Efficient operations: 20.5% efficiency ratio
✓21 consecutive years of dividend growth
✓Well capitalized: 50.8% equity/assets
✓Diversified revenue: 99.7% from non-interest income

✗Weaknesses

✗Weak NIM of -1.2%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.71%

5Y9.22%

3Y7.98%

TTM-

Profit (Net Income) CAGR

10Y9.49%

5Y9.87%

3Y14.58%

TTM11.33%

EPS CAGR

10Y10.54%

5Y10.01%

3Y14.9%

TTM12.76%

ROCE

10Y Avg27.68%

5Y Avg20.41%

3Y Avg19.72%

Latest20.87%

Peer Comparison

Comprehensive Financial Data Providers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FDSFactSet Research Systems Inc.	10.75B	289.68	18.63	5.39%	25.72%	27.66%	5.75%	0.71

Profit & Loss

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Net Interest Income+	-1.14M	-6.6M	-16.29M	-16.62M	-9.83M	-6.39M	-29.52M	-53.51M	-51.33M	-49.79M
NII Growth %	-1.62%	-4.81%	-1.47%	-0.02%	0.41%	0.35%	-3.62%	-0.81%	0.04%	0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	1.6M	1.6M	0	0	0	1.81M	6.17M	12.81M	14.45M	6.53M
Interest Expense	2.74M	8.2M	16.29M	16.62M	9.83M	8.2M	35.7M	66.32M	65.78M	56.32M
Loan Loss Provision	484.67M	558.38M	643.01M	646.82M	685.62M	778.2M	835.41M	906.91M	946.17M	1.04B
Non-Interest Income+	1.13B	1.22B	1.35B	1.44B	1.49B	1.59B	1.84B	2.07B	2.19B	2.32B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	1.13B	1.22B	1.35B	1.44B	1.49B	1.59B	1.84B	2.09B	2.2B	2.32B
Revenue Growth %	0.12%	0.08%	0.11%	0.06%	0.04%	0.07%	0.16%	0.13%	0.06%	0.05%
Non-Interest Expense	290.01M	302.46M	324.64M	333.87M	359M	331M	497.3M	483.08M	489.81M	475.66M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	349.68M	352.13M	366.2M	438.04M	439.66M	474.04M	475.48M	630.21M	701.3M	748.3M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.05%	0.01%	0.04%	0.2%	0%	0.08%	0%	0.33%	0.11%	0.07%
Pretax Income+	460.99M	344.31M	351.84M	421.96M	427.13M	467.62M	443.59M	584.95M	651.5M	720.96M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	122.18M	86.05M	84.75M	69.17M	54.2M	68.03M	46.68M	116.82M	114.38M	123.92M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	338.81M	258.26M	267.08M	352.79M	372.94M	399.59M	396.92M	468.17M	537.13M	597.04M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.41%	-0.24%	0.03%	0.32%	0.06%	0.07%	-0.01%	0.18%	0.15%	0.11%
Net Income (Continuing)	338.81M	258.26M	267.08M	352.79M	372.94M	399.59M	396.92M	468.17M	537.13M	597.04M
EPS (Diluted)+	8.19	6.51	6.78	9.08	9.65	10.36	10.25	12.04	13.91	15.55
EPS Growth %	0.43%	-0.21%	0.04%	0.34%	0.06%	0.07%	-0.01%	0.17%	0.16%	0.12%
EPS (Basic)	8.29	6.55	6.90	9.25	9.83	10.56	10.48	12.26	14.11	15.74
Diluted Shares Outstanding	41.37M	39.64M	39.38M	38.87M	38.65M	38.57M	38.74M	38.9M	38.62M	38.38M

Balance Sheet

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	228.41M	194.73M	208.62M	359.8M	585.61M	681.87M	503.27M	425.44M	422.98M	337.65M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	24.22M	32.44M	29.26M	25.81M	19.57M	35.98M	33.22M	32.21M	69.62M	17.45M
Investments Growth %	0.03%	0.34%	-0.1%	-0.12%	-0.24%	0.84%	-0.08%	-0.03%	1.16%	-0.75%
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	452.92M	707.56M	701.83M	685.73M	709.7M	754.36M	965.85M	1B	1.01B	1.28B
Intangible Assets	93.16M	173.54M	148.94M	120.55M	121.09M	134.99M	1.9B	1.86B	1.84B	1.92B
PP&E (Net)	84.62M	100.45M	100.55M	121.04M	382.03M	370.44M	240.3M	227.94M	213.01M	206.98M
Other Assets	5.78M	14.97M	27.5M	29.94M	28.63M	27.23M	38.75M	73.68M	89.58M	105.5M
Total Current Assets	369.28M	409.38M	430.92M	583.81M	841.93M	933.58M	870.35M	770.13M	835.85M	729.76M
Total Non-Current Assets	649.88M	1B	988.53M	964.84M	1.24B	1.29B	3.14B	3.19B	3.22B	3.57B
Total Assets+	1.02B	1.41B	1.42B	1.56B	2.08B	2.22B	4.01B	3.96B	4.06B	4.3B
Asset Growth %	0.38%	0.39%	0%	0.1%	0.34%	0.07%	0.81%	-0.01%	0.02%	0.06%
Return on Assets (ROA)	0.39%	0.21%	0.19%	0.24%	0.2%	0.19%	0.13%	0.12%	0.13%	0.14%
Accounts Payable	43.05M	59.21M	70.33M	76.05M	82.09M	85.78M	108.39M	121.82M	178.25M	135.26M
Total Debt+	300M	575M	574.77M	574.17M	875.68M	866.25M	2.22B	1.84B	1.57B	1.56B
Net Debt	71.59M	380.27M	366.15M	214.38M	290.07M	184.38M	1.72B	1.41B	1.15B	1.22B
Long-Term Debt	300M	575M	574.77M	574.17M	578.17M	574.53M	1.98B	1.61B	1.24B	1.37B
Short-Term Debt	0	0	0	0	0	0	0	0	124.84M	0
Other Liabilities	41.86M	52.59M	97.64M	94.78M	60.28M	35.22M	37.55M	37.19M	47.07M	55.66M
Total Current Liabilities	158.21M	201.14M	221.13M	218.92M	276.29M	315.7M	438.29M	484.25M	667.07M	521.31M
Total Non-Current Liabilities	343.57M	652.49M	672.41M	668.95M	908.92M	890.79M	2.24B	1.86B	1.48B	1.6B
Total Liabilities	501.78M	853.62M	893.55M	887.87M	1.19B	1.21B	2.68B	2.34B	2.14B	2.12B
Total Equity+	517.38M	559.69M	525.9M	672.26M	898.17M	1.02B	1.33B	1.62B	1.91B	2.19B
Equity Growth %	-0.03%	0.08%	-0.06%	0.28%	0.34%	0.13%	0.31%	0.22%	0.18%	0.14%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.65%	0.48%	0.49%	0.59%	0.47%	0.42%	0.34%	0.32%	0.3%	0.29%
Book Value per Share	12.51	14.12	13.36	17.29	23.24	26.35	34.37	41.65	49.52	56.96
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	512K	518K	393K	401K	408K	412K	417K	421K	426K	430K
Additional Paid-in Capital	623.2M	741.75M	667.53M	806.97M	939.07M	1.05B	1.19B	1.32B	1.48B	1.62B
Retained Earnings	1.28B	1.46B	122.84M	373.23M	633.15M	912.51M	1.18B	1.51B	1.89B	2.32B
Accumulated OCI	-68.55M	-34.72M	-51.44M	-74.54M	-39.29M	-38.96M	-108.38M	-87.14M	-79.61M	-63.75M
Treasury Stock	-1.32B	-1.61B	-213.43M	-433.8M	-636.96M	-905.92M	-930.72M	-1.12B	-1.38B	-1.7B
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Aug 2016	Aug 2017	Aug 2018	Aug 2019	Aug 2020	Aug 2021	Aug 2022	Aug 2023	Aug 2024	Aug 2025
Cash from Operations+	331.14M	320.53M	385.67M	427.14M	505.84M	555.23M	538.28M	645.57M	700.34M	726.26M
Operating CF Growth %	0.08%	-0.03%	0.2%	0.11%	0.18%	0.1%	-0.03%	0.2%	0.08%	0.04%
Net Income	338.81M	258.26M	267.08M	352.79M	372.94M	399.59M	396.92M	468.13M	537.13M	597.04M
Depreciation & Amortization	38.05M	48.29M	57.28M	60.46M	57.61M	107.32M	129.72M	137.73M	155.59M	188.67M
Deferred Taxes	4.53M	4.88M	-1.91M	-2.28M	10.63M	0	-8.71M	-42.65M	-32.02M	-3.54M
Other Non-Cash Items	-130.65M	-9.05M	141K	196K	171K	-4.6M	44M	45.56M	4.68M	-11.37M
Working Capital Changes	50.6M	-16.04M	31.55M	-16.43M	27.91M	7.85M	-79.64M	-25.24M	-28.54M	-105.77M
Cash from Investing+	-158.41M	-347.31M	-48.53M	-56.1M	-73.63M	-135.99M	-2.03B	-95.39M	-144.32M	-392.77M
Purchase of Investments	-18.14M	0	-12.47M	-11.13M	-2.74M	0	-878K	-11.01M	0	-18.87M
Sale/Maturity of Investments	1000K	0	1000K	1000K	1000K	0	1000K	1000K	0	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-109.77M	-303.09M	-15M	-3.27M	-1K	-58.06M	-1.98B	-23.59M	0	-348.25M
Other Investing	0	-7.36M	0	3.27M	1K	-16.61M	-1.98B	-95.39M	-58.64M	0
Cash from Financing+	-91M	-8.16M	-320.04M	-214.27M	-218.07M	-322.71M	1.34B	-632.02M	-560.85M	-407.82M
Dividends Paid	-74.22M	-80.9M	-89.41M	-100.05M	-110.44M	-117.93M	-125.93M	-138.6M	-150.67M	-159.97M
Share Repurchases	-356.83M	-260.98M	-303.95M	-220.37M	-199.63M	-264.7M	-18.64M	-176.72M	-235.24M	-300.46M
Stock Issued	0	0	0	0	0	0	0	0	0	12.27M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	0	0	0	0	1000K	-1000K	-1000K	-1000K
Other Financing	75.04M	8.67M	73.33M	106.15M	91.99M	59.92M	70.45M	58.3M	75.05M	41.93M
Net Change in Cash+	69.49M	-33.68M	13.89M	151.18M	225.81M	96.26M	-178.59M	-77.83M	-2.46M	-71.28M
Exchange Rate Effect	-1000K	1000K	-1000K	-1000K	1000K	-263K	-1000K	1000K	1000K	1000K
Cash at Beginning	158.91M	228.41M	194.73M	208.62M	359.8M	585.61M	681.87M	503.27M	425.44M	422.98M
Cash at End	228.41M	194.73M	208.62M	359.8M	585.61M	681.87M	503.27M	425.44M	422.98M	351.69M
Interest Paid	3.01M	8.47M	15.68M	19.51M	12.88M	8.02M	29.52M	76.52M	65.92M	54.81M
Income Taxes Paid	87.51M	74.79M	68.71M	90M	69.09M	46.59M	76.25M	91.17M	157.01M	103.17M
Free Cash Flow+	283.4M	283.67M	352.15M	367.77M	428.2M	493.9M	487.12M	584.79M	614.66M	617.45M
FCF Growth %	0.01%	0%	0.24%	0.04%	0.16%	0.15%	-0.01%	0.2%	0.05%	0%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	64.6%	47.96%	49.21%	58.89%	47.5%	41.74%	33.81%	31.73%	30.41%	29.13%
Return on Assets (ROA)	38.59%	21.23%	18.86%	23.68%	20.47%	18.56%	12.73%	11.74%	13.4%	14.28%
Net Interest Margin	-0.11%	-0.47%	-1.15%	-1.07%	-0.47%	-0.29%	-0.74%	-1.35%	-1.27%	-1.16%
Efficiency Ratio	25.73%	24.77%	24.05%	23.26%	24.03%	20.8%	26.97%	23.16%	22.23%	20.49%
Equity / Assets	50.77%	39.6%	37.05%	43.09%	43.11%	45.72%	33.17%	40.88%	47.16%	50.8%
Book Value / Share	12.51	14.12	13.36	17.29	23.24	26.35	34.37	41.65	49.52	56.96
NII Growth	-161.87%	-480.99%	-146.76%	-2.08%	40.87%	34.95%	-361.71%	-81.25%	4.07%	3%
Dividend Payout	21.91%	31.32%	33.48%	28.36%	29.61%	29.51%	31.73%	29.6%	28.05%	26.79%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	755.49M	784.15M	841.91M	894.55M	885.08M	952.42M	1.11B	1.27B	1.34B	1.42B
UNITED STATES Growth	-	3.79%	7.37%	6.25%	-1.06%	7.61%	16.19%	14.31%	5.96%	5.63%
Europe	122.78M	166.6M	55.58M	241.14M	422.2M	237.66M	268.91M	316.03M	341.28M	349.27M
Europe Growth	-	35.69%	-66.64%	333.84%	75.09%	-43.71%	13.15%	17.52%	7.99%	2.34%
UNITED KINGDOM	154.9M	163.73M	332.01M	166.94M	-	190.04M	215.37M	223.81M	221.85M	231.01M
UNITED KINGDOM Growth	-	5.70%	102.77%	-49.72%	-	-	13.33%	3.92%	-0.88%	4.13%
Americas	-	-	-	-	929.44M	-	-	-	-	-
Americas Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	93.92M	106.7M	120.65M	132.71M	142.46M	-	-	-	-	-
Asia Pacific Growth	-	13.61%	13.07%	10.00%	7.35%	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

FactSet Research Systems Inc. (FDS) has a price-to-earnings (P/E) ratio of 18.6x. This is roughly in line with market averages.

Growth & Financials

FactSet Research Systems Inc. (FDS) grew revenue by 5.4% over the past year. This is steady growth.

Yes, FactSet Research Systems Inc. (FDS) is profitable, generating $599.6M in net income for fiscal year 2025 (25.7% net margin).

Dividend & Returns

Yes, FactSet Research Systems Inc. (FDS) pays a dividend with a yield of 1.44%. This makes it attractive for income-focused investors.

FactSet Research Systems Inc. (FDS) has a return on equity (ROE) of 29.1%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

FactSet Research Systems Inc. (FDS) has a net interest margin (NIM) of -1.2%. NIM has been under pressure due to interest rate environment.

FactSet Research Systems Inc. (FDS) has an efficiency ratio of 20.5%. This is excellent, indicating strong cost control.

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