Factset Research Systems
FDS · NYSEServices-Computer Programming, Data Processing, Etc. · Fiscal year ends Aug 31
Factset Research Systems reported revenue of $2.3B in the fiscal year ended Aug 2025, up 5.4% from the year before. Operating income was $748M, an operating margin of 32.2%, and net income was $597M. Operating cash flow of $726M less capital expenditure of $109M left free cash flow of $617M. Net debt was $1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Revenue | $1.6B | $1.8B | $2.1B | $2.2B | $2.3B |
| Cost of revenue | $786M | $871M | $973M | $1B | $1.1B |
| Gross profit | $805M | $973M | $1.1B | $1.2B | $1.2B |
| Research & development | $250M | $255M | $267M | $265M | $301M |
| Selling, general & admin | $331M | $433M | $483M | $490M | $476M |
| Operating income | $474M | $475M | $629M | $701M | $748M |
| Interest expense | $8M | $36M | $66M | $66M | $56M |
| Pre-tax income | $468M | $444M | $584M | $652M | $721M |
| Income tax | $68M | $47M | $116M | $114M | $124M |
| Net income | $400M | $397M | $468M | $537M | $597M |
| Diluted EPS | 10.36 | 10.25 | 12.04 | 13.91 | 15.55 |
| Diluted shares | 39M | 39M | 39M | 39M | 38M |
Balance sheet
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $682M | $503M | $425M | $423M | $338M |
| Receivables | $151M | $204M | $238M | $228M | $271M |
| Current assets | $934M | $870M | $770M | $836M | $730M |
| Net PP&E | $131M | $81M | $86M | $83M | $85M |
| Goodwill | $754M | $966M | $1B | $1B | $1.3B |
| Total assets | $2.2B | $4B | $4B | $4.1B | $4.3B |
| Deferred revenue | $63M | $152M | $152M | $160M | $168M |
| Current liabilities | $316M | $438M | $484M | $667M | $521M |
| Short-term debt | – | – | $0 | $125M | $0 |
| Long-term debt | $575M | $2B | $1.6B | $1.2B | $1.4B |
| Total liabilities | $1.2B | $2.7B | $2.3B | $2.1B | $2.1B |
| Shareholders' equity | $1B | $1.3B | $1.6B | $1.9B | $2.2B |
Cash flow
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $555M | $538M | $646M | $700M | $726M |
| Capital expenditure | $61M | $51M | $61M | $86M | $109M |
| Free cash flow | $494M | $487M | $585M | $615M | $617M |
| Depreciation & amortisation | $64M | $87M | $105M | $125M | $158M |
| Stock-based compensation | $45M | $56M | $62M | $64M | $61M |
| Acquisitions | $58M | $2B | $24M | $0 | $348M |
| Share buybacks | $265M | $19M | $177M | $235M | $300M |
| Dividends paid | $118M | $126M | $139M | $151M | $160M |
Key ratios
| Fiscal year | Aug 2021 | Aug 2022 | Aug 2023 | Aug 2024 | Aug 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 15.9% | 13.1% | 5.6% | 5.4% |
| Operating income growth (YoY) | – | 0.3% | 32.3% | 11.5% | 6.7% |
| EPS growth (YoY) | – | −1.1% | 17.5% | 15.5% | 11.8% |
| Gross margin | 50.6% | 52.8% | 53.3% | 54.1% | 52.7% |
| Operating margin | 29.8% | 25.8% | 30.2% | 31.8% | 32.2% |
| Net margin | 25.1% | 21.5% | 22.4% | 24.4% | 25.7% |
| Return on equityBlank when equity is negative | 39.3% | 29.8% | 28.9% | 28.1% | 27.3% |
| ROCEEBIT ÷ (assets − current liabilities) | 24.8% | 13.3% | 18.1% | 20.7% | 19.8% |
| Free cash flow margin | 31.0% | 26.4% | 28.0% | 27.9% | 26.6% |
| Cash conversion (CFO ÷ net income) | 1.39x | 1.36x | 1.38x | 1.30x | 1.22x |
| Receivable days | 35 | 40 | 42 | 38 | 43 |
| Interest cover | 58.8x | 13.3x | 9.49x | 10.7x | 13.3x |
| Debt ÷ equity | 0.57x | 1.49x | 1.00x | 0.71x | 0.63x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$107M | $1.5B | $1.2B | $943M | $1B |
| Current ratio | 2.96x | 1.99x | 1.59x | 1.25x | 1.40x |
Recent filings
More in Services-Computer Programming, Data Processing, Etc.
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.