Tearsheet

FactSet Research Systems (FDS)

Market Price (12/24/2025): $290.41 | Market Cap: $11.0 Bil
Sector: Financials | Industry: Financial Exchanges & Data

FactSet Research Systems (FDS)

Market Price (12/24/2025): $290.41
Market Cap: $11.0 Bil
Sector: Financials
Industry: Financial Exchanges & Data

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 5.6%	Weak multi-year price returns 2Y Excs Rtn is -79%, 3Y Excs Rtn is -109%	Key risks FDS key risks include [1] a reported material weakness in its internal control over financial reporting related to IT general controls.
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36%
3	Low stock price volatility Vol 12M is 29%
4	Megatrend and thematic drivers Megatrends include Fintech & Digital Payments, Cloud Computing, and Digital & Alternative Assets. Themes include Wealth Management Technology, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.9%, FCF Yield is 5.6%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 27%
2	Valuation becoming less expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -36%
3	Low stock price volatility Vol 12M is 29%
4	Megatrend and thematic drivers Megatrends include Fintech & Digital Payments, Cloud Computing, and Digital & Alternative Assets. Themes include Wealth Management Technology, Show more.
5	Weak multi-year price returns 2Y Excs Rtn is -79%, 3Y Excs Rtn is -109%
6	Key risks FDS key risks include [1] a reported material weakness in its internal control over financial reporting related to IT general controls.

Valuation, Metrics & Events

	12/24/25	2024	2023	2022
Share Price CYE	$290.41	$474.76	$467.20	$389.38
Market Cap CYE ($ Bil)	11.0	18.0	17.8	14.8
Total Debt ($ Bil)	1.6	1.6	1.6	1.8
Total Cash ($ Bil)	0.4	0.4	0.5	0.5
Enterprise Value ($ Bil)	12.2	19.6	19.4	16.6
Valuation Ratios
P/S TTM	4.7	7.8	8.2	7.3
P/EBIT TTM	14.1	23.4	25.3	23.6
P/E TTM	18.4	30.5	33.8	32.7
P/FCF TTM	17.8	29.5	29.5	26.2
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8	2.8
P/EBIT TTM (Sector)	8.1	8.3	7.3	7.6
P/E TTM (Sector)	12.1	11.6	10.1	9.4
P/FCF TTM (Sector)	8.8	8.8	7.8	6.5

	12/24/25	2024	2023
Share Price CYE	$290.41	$474.76	$467.20
Market Cap CYE ($ Bil)	11.0	18.0	17.8
Total Debt ($ Bil)	1.6	1.6	1.6
Total Cash ($ Bil)	0.4	0.4	0.5
Enterprise Value ($ Bil)	12.2	19.6	19.4
Valuation Ratios
P/S TTM	4.7	7.8	8.2
P/EBIT TTM	14.1	23.4	25.3
P/E TTM	18.4	30.5	33.8
P/FCF TTM	17.8	29.5	29.5
Sector Ratios
P/S TTM (Sector)	3.3	3.1	2.8
P/EBIT TTM (Sector)	8.1	8.3	7.3
P/E TTM (Sector)	12.1	11.6	10.1
P/FCF TTM (Sector)	8.8	8.8	7.8

	FDS	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	2.3
Rev Chg Q	6.2%	7.3%
Rev Chg LTM	5.4%	6.1%
Rev Chg 3Y Avg	8.0%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	0.7
CFO LTM ($ Bil)	0.7
Net Inc LTM ($ Bil)	0.6
Op Mgn LTM	32.2%	18.8%
CFO/Rev LTM	31.3%	20.4%
Net Inc Mgn	25.7%	13.1%
VALUATION	MODERATE
P/S	4.7	3.2
P/CFO	15.1	15.7
P/FCF	17.8	20.7
P/E	18.4	23.5
STABILITY	GOOD
Debt/Equity	0.14	0.21
Cash/Assets	0.08	0.07

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Metric	Value	Date	Source
Annual Subscription Value (ASV)	$2,405.6 million	8312025	Link
Number of Clients	8811	5312025	Link
Number of Users	220496	5312025	Link
Client Retention Rate	91%	6232025	Link
Annual ASV Retention Rate	>95%	6232025	Link
Number of Employees	12800	8312025	Link

Recent
12/18/2025	Earnings Release	Rev: $607 Mil (A) vs. $600 Mil (E) EPS: 4.51 (A) vs. $4.36 (E)
Upcoming
3/19/2026	Earnings Release	Rev: $605 Mil (E) EPS: $4.33 (E)

FDS Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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I am unable to provide information on stock movements for the period between August 31, 2025, and December 24, 2025, as this time frame is in the future. My capabilities are limited to historical data up to my last training update. Show more

Stock Movement Drivers

Fundamental Drivers

The 1.3% change in FDS stock from 9/23/2025 to 12/23/2025 was primarily driven by a 10.4% change in the company's Net Income Margin (%).

	9232025	12232025	Change
Stock Price ($)	287.27	290.88	1.26%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2287.03	2321.75	1.52%
Net Income Margin (%)	23.30%	25.72%	10.36%
P/E Multiple	20.43	18.40	-9.95%
Shares Outstanding (Mil)	37.91	37.77	0.37%
Cumulative Contribution			1.26%

LTM = Last Twelve Months as of date shown

Market Drivers

9/23/2025 to 12/23/2025

	Return	Correlation
FDS	1.3%
Market (SPY)	3.7%	3.2%
Sector (XLF)	3.1%	34.8%

Fundamental Drivers

The -33.1% change in FDS stock from 6/24/2025 to 12/23/2025 was primarily driven by a -39.6% change in the company's P/E Multiple.

	6242025	12232025	Change
Stock Price ($)	434.59	290.88	-33.07%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2254.22	2321.75	3.00%
Net Income Margin (%)	24.07%	25.72%	6.85%
P/E Multiple	30.45	18.40	-39.58%
Shares Outstanding (Mil)	38.02	37.77	0.65%
Cumulative Contribution			-33.07%

LTM = Last Twelve Months as of date shown

Market Drivers

6/24/2025 to 12/23/2025

	Return	Correlation
FDS	-33.1%
Market (SPY)	13.7%	7.1%
Sector (XLF)	7.8%	30.0%

Fundamental Drivers

The -39.9% change in FDS stock from 12/23/2024 to 12/23/2025 was primarily driven by a -46.3% change in the company's P/E Multiple.

	12232024	12232025	Change
Stock Price ($)	483.72	290.88	-39.87%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	2203.06	2321.75	5.39%
Net Income Margin (%)	24.38%	25.72%	5.47%
P/E Multiple	34.25	18.40	-46.27%
Shares Outstanding (Mil)	38.03	37.77	0.69%
Cumulative Contribution			-39.87%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2024 to 12/23/2025

	Return	Correlation
FDS	-39.9%
Market (SPY)	16.7%	36.6%
Sector (XLF)	15.7%	48.4%

Fundamental Drivers

The -24.7% change in FDS stock from 12/24/2022 to 12/23/2025 was primarily driven by a -50.6% change in the company's P/E Multiple.

	12242022	12232025	Change
Stock Price ($)	386.30	290.88	-24.70%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1843.89	2321.75	25.92%
Net Income Margin (%)	21.53%	25.72%	19.46%
P/E Multiple	37.28	18.40	-50.65%
Shares Outstanding (Mil)	38.31	37.77	1.41%
Cumulative Contribution			-24.72%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2023 to 12/23/2025

	Return	Correlation
FDS	-36.7%
Market (SPY)	48.4%	37.2%
Sector (XLF)	52.3%	45.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
FDS Return	25%	47%	-17%	20%	2%	-39%	15%
Peers Return	38%	43%	-24%	32%	15%	-8%	110%
S&P 500 Return	16%	27%	-19%	24%	23%	17%	114%
Monthly Win Rates [3]
FDS Win Rate	58%	83%	50%	67%	42%	25%
Peers Win Rate	63%	63%	37%	60%	53%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
FDS Max Drawdown	-24%	-11%	-28%	-4%	-17%	-47%
Peers Max Drawdown	-26%	-8%	-35%	-5%	-8%	-20%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: SPGI, MCO, MSCI, MORN, TRI. See FDS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/23/2025 (YTD)

How Low Can It Go

Unique Key	Event	FDS	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-28.7%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	40.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	881 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-33.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	50.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	72 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-22.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	28.9%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	133 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-54.9%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	121.6%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	361 days	1,480 days

Compare to CBOE, TW, MKTX, DFIN, SPGI

In The Past

FactSet Research Systems's stock fell -28.7% during the 2022 Inflation Shock from a high on 12/29/2021. A -28.7% loss requires a 40.2% gain to breakeven.

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About FactSet Research Systems (FDS)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

FactSet 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.

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Here are 1-3 brief analogies for FactSet Research Systems (FDS):

The Bloomberg Terminal for financial research and analytics.
Salesforce for investment firms, providing essential financial data and analytical software.

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FactSet Workstation: An integrated software platform providing financial professionals with access to comprehensive data, analytics, and reporting tools.
Financial Data Feeds & APIs: Direct delivery of vast datasets, including company fundamentals, market prices, estimates, and alternative data, for integration into client systems.
Portfolio & Risk Analytics: Specialized tools for investment professionals to measure performance, analyze risk, optimize portfolios, and conduct attribution.
Wealth Management Platform: Tailored solutions for wealth advisors, offering tools for client engagement, portfolio modeling, and reporting.
Research Management Solutions: Tools designed to help investment firms streamline their research workflows, foster collaboration, and manage compliance.

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Major Customers of FactSet Research Systems (FDS)

FactSet Research Systems (FDS) primarily sells its integrated financial information, analytical applications, and industry-leading services to other companies, making it a business-to-business (B2B) provider.

Due to the confidential nature of client relationships and the vast number of institutional customers FactSet serves globally (tens of thousands of financial professionals across thousands of firms), specific names of its individual major customer companies are not publicly disclosed. Instead, FactSet serves a broad range of firms within the global financial industry. Its primary customer categories include:

Investment Management Firms (Buy-Side): This is FactSet's largest client segment. It encompasses a wide array of institutions such as asset managers, mutual funds, hedge funds, private equity firms, pension funds, and wealth management firms. These clients utilize FactSet for comprehensive portfolio analysis, investment research, risk management, and trading workflows.
Investment Banking and Brokerage Firms (Sell-Side): This category includes investment banks, broker-dealers, and their research departments. They leverage FactSet for activities such as M&A advisory, equity research, debt capital markets, and sales & trading.
Corporations and Private Equity Firms: FactSet serves corporate finance departments, investor relations teams, and private equity firms for strategic planning, competitive analysis, and due diligence processes.

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Amazon.com, Inc. (AMZN)

S&P Global Inc. (SPGI)

Moody's Corporation (MCO)

MSCI Inc. (MSCI)

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Phil Snow – Chief Executive Officer

Phil Snow joined FactSet in 2000, serving as President from 2014 to 2016 before being appointed Chief Executive Officer in 2017. Prior to his CEO role, he held various positions including Senior Vice President, Director of Americas Sales, and Regional Sales Manager. He holds an MBA from Columbia Business School and a B.A. in History from Bowdoin College. No information is readily available regarding him founding or managing other companies, selling companies to an acquirer, or managing companies backed by private equity firms.

Kristin Snow – Chief Financial Officer

Kristin Snow has been with FactSet since 1998 and was appointed Chief Financial Officer in 2023. Before her current role, she served as Senior Vice President, Chief Accounting Officer, and Global Controller. She is a Certified Public Accountant and earned her B.S. in Accounting from the University of Massachusetts, Amherst. No information is readily available regarding her founding or managing other companies, selling companies to an acquirer, or managing companies backed by private equity firms.

Sophie Adams – Chief Content Officer

Sophie Adams serves as FactSet's Chief Content Officer.

Linda H. Smith – Chief Product Officer

Linda H. Smith is the Chief Product Officer at FactSet.

Serban Ursachi – Chief Technology Officer

Serban Ursachi holds the position of Chief Technology Officer at FactSet.

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The key risks to FactSet Research Systems (FDS) include:

Material Weakness in Internal Control Over Financial Reporting: FactSet has reported a material weakness in its internal control over financial reporting, specifically related to IT general controls. This issue, if not adequately addressed, could undermine investor confidence and potentially lead to financial misstatements. The company has acknowledged this weakness, and its independent registered public accounting firm has issued an adverse opinion, highlighting the urgency for remediation.
Dependence on the Financial Services Industry and Economic Conditions: FactSet's client base is heavily concentrated within the financial services industry. This concentration makes the company susceptible to industry-specific risks, such as economic downturns, changes in regulations, or shifts in investment strategies (e.g., the shift from active to passive investing). Such factors could directly impact client spending and, consequently, FactSet's revenue streams and profitability.
Cybersecurity, Technology, and Data Security Risks: FactSet faces significant risks from potential cyber-attacks, unauthorized access to confidential data, and failures in its cybersecurity systems. The company's reliance on third-party service providers and its increasing use of mobile and cloud technologies, along with the expansion of AI technologies, further amplify these risks, potentially leading to business disruption, compliance issues, or reputational damage.

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The emergence of specialized FinTech startups leveraging advanced Artificial Intelligence (AI) and Machine Learning (ML) models, particularly Large Language Models (LLMs), to provide highly efficient and automated financial research and analytical tools. These solutions excel at processing vast amounts of unstructured data (e.g., earnings call transcripts, news, regulatory filings) to deliver rapid insights and summaries, directly challenging FactSet's traditional research workflows and the value proposition of its integrated platform. Companies like AlphaSense illustrate this trend, attracting users with best-of-breed capabilities for specific analytical needs.

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The addressable markets for FactSet Research Systems' main products and services are primarily within the global financial data and analytics sector, as well as specific segments like investment management software and wealth management technology.

The global financial data and analytics market size was valued at USD 283.4 billion in 2022 and is projected to reach USD 735.2 billion by 2032.
The global investment management software market size was valued at USD 5.76 billion in 2022 and is projected to reach USD 14.88 billion by 2032.
The global wealth management software market size was USD 4.8 billion in 2023 and is projected to reach USD 16.5 billion by 2032.

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FactSet Research Systems (FDS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

Expansion in the Wealth Management Segment: FactSet continues to focus on expanding its presence in the wealth management sector. The company aims to achieve this by offering specialized solutions that cater to the unique needs of wealth managers, including enhanced portfolio analytics, reporting, and client engagement tools. This strategic focus is expected to capture a larger share of this growing market segment.
Growth in Content and Technology Solutions (CTS): FactSet's Content and Technology Solutions segment is anticipated to be a significant driver of revenue. This includes leveraging its robust data feeds, analytics, and technology platforms to attract new clients and deepen relationships with existing ones. Ongoing investments in data enrichment and technological advancements within CTS are designed to enhance its value proposition and drive adoption.
Strategic Pricing and Value Realization: The company is expected to continue optimizing its pricing strategies to reflect the increasing value and breadth of its offerings. This includes potential for modest price increases where justified by product enhancements, increased functionality, and superior client service, thereby contributing to organic revenue growth.
Increased Adoption of Open-Platform Solutions: FactSet's commitment to an open platform strategy, allowing for greater integration and customization, is likely to attract a broader range of financial professionals. By providing flexible and interconnected solutions, FactSet can enhance user stickiness and drive further consumption of its services across various workflows, leading to increased subscription revenue.
International Market Penetration: While not explicitly detailed in every recent report, FactSet has historically pursued opportunities in international markets. Continued efforts to expand its client base and deepen its market penetration in key regions outside of its core markets, through localized solutions and increased sales presence, represent a potential avenue for future revenue growth.

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Share Repurchases

FactSet's Board of Directors authorized an additional $300 million for its share repurchase program in June 2024, bringing the total authorized amount to $600 million.
During fiscal year 2023, FactSet repurchased approximately $300 million of its common stock.
In fiscal year 2022, FactSet repurchased $268.4 million of its common stock.

Outbound Investments

FactSet completed the acquisition of CUSIP Global Services (CGS) from S&P Global for approximately $1.925 billion in March 2022.
FactSet acquired Cobalt Software, a private markets data and software provider, in March 2021.

Capital Expenditures

Capital expenditures were $55.4 million in fiscal year 2023.
Capital expenditures were $60.2 million in fiscal year 2022.
The primary focus of capital expenditures generally relates to investments in technology infrastructure, data center improvements, and office facilities.

Better Bets than FactSet Research Systems (FDS)

INDUSTRY: Financial Exchanges & Data

Higher Rev Chg 3Y Avg | Lower P/S (Values for FDS: 8.0% | 4.7x)

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VALU (9.1%)

Value Line

SECTOR: Financials

Higher Rev Chg 3Y Avg | Lower P/S (Values for FDS: 8.0% | 4.7x)

BRK-B (19.8% | 2.7x)

Berkshire Hathaway

AXP (11.6% | 3.8x)

American Express

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TD (10.4% | 2.6x)

Toronto-Dominion Bank

COF (13.4% | 3.3x)

Capital One Financial

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FDS: 8.0% | 14.7x)

APO (89.3% | 10.8x)

Apollo Asset Management

IBKR (48.1% | 3.5x)

Interactive Brokers

CPAY (8.9% | 11.5x)

Corpay

JEF (14.6% | 2.9x)

Jefferies Financial

FCFS (12.3% | 13.5x)

FirstCash

Higher Rev Chg LTM (Value for FDS: 5.4%)

MS (17.6%)

Morgan Stanley

MA (14.6%)

Mastercard

V (11.3%)

Visa

BAC (8.9%)

Bank of America

JPM (8.6%)

JPMorgan Chase

Higher Rev Chg 3Y Avg (Value for FDS: 8.0%)

BRK-B (19.8%)

Berkshire Hathaway

JPM (13.4%)

JPMorgan Chase

MA (13.2%)

Mastercard

AXP (11.6%)

American Express

V (10.9%)

Visa

Higher Op Mgn LTM (Value for FDS: 32.2%)

V (66.4%)

Visa

MA (58.3%)

Mastercard

HOOD (47.7%)

Robinhood Markets

SPGI (40.2%)

S&P Global

BLK (33.7%)

BlackRock

Higher CFO/Rev LTM (Value for FDS: 31.3%)

RY (83.0%)

Royal Bank of Canada

V (57.6%)

Visa

BAC (57.3%)

Bank of America

MA (56.1%)

Mastercard

SPGI (37.6%)

S&P Global

Higher FCF/Rev LTM (Value for FDS: 26.6%)

BAC (57.3%)

Bank of America

V (53.9%)

Visa

MA (52.5%)

Mastercard

AXP (26.9%)

American Express

GS (26.9%)

Goldman Sachs

Higher Total Yield (Value for FDS: 6.9%)

TD (12.9%)

Toronto-Dominion Bank

PGR (10.2%)

Progressive

WFC (8.8%)

Wells Fargo

RY (8.5%)

Royal Bank of Canada

BAC (7.1%)

Bank of America

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for FDS: 8.0% | 4.7x)

AMZN (11.3% | 3.7x)

Amazon.com

UNH (11.4% | 0.7x)

UnitedHealth

RTX (9.4% | 2.9x)

RTX

UBER (19.6% | 3.4x)

Uber Technologies

BA (10.1% | 2.0x)

Boeing

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FDS: 8.0% | 14.7x)

UNH (11.4% | 11.2x)

UnitedHealth

NEM (23.9% | 12.3x)

Newmont

ENB (8.6% | 9.2x)

Enbridge

GM (8.6% | 9.7x)

General Motors

B (8.5% | 12.3x)

Barrick Mining

Higher Rev Chg LTM (Value for FDS: 5.4%)

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NVIDIA

MSFT (15.6%)

Microsoft

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

AAPL (6.0%)

Apple

Higher Rev Chg 3Y Avg (Value for FDS: 8.0%)

NVDA (91.6%)

NVIDIA

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for FDS: 32.2%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

META (43.2%)

Meta Platforms

LLY (43.0%)

Eli Lilly

AVGO (40.8%)

Broadcom

Higher CFO/Rev LTM (Value for FDS: 31.3%)

META (56.8%)

Meta Platforms

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

AVGO (43.1%)

Broadcom

GOOGL (39.3%)

Alphabet

Higher FCF/Rev LTM (Value for FDS: 26.6%)

PLTR (46.0%)

Palantir Technologies

AVGO (42.1%)

Broadcom

NVDA (41.3%)

NVIDIA

ABBV (33.0%)

AbbVie

CRM (32.0%)

Salesforce

Higher Total Yield (Value for FDS: 6.9%)

XOM (9.2%)

Exxon Mobil

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UnitedHealth

JNJ (7.5%)

Johnson & Johnson

KO (7.2%)

Coca-Cola

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Home Depot

		Best Bets In Financials Sector
	FDS	JXN	FG	MTG	CME	KNSL	NMIH	CACC	ENVA	TW	FNF
What You Pay
P/E	18.4	13.1	9.0	9.0	26.3	19.4	8.5	11.4	13.9	36.3	12.6
P/EBIT	14.1	10.4	5.7	6.9	19.7	15.1	6.2	9.1	10.7	24.6	8.1
What You Get
Rev Chg Q	6.2%	-35.5%	17.8%	-0.7%	-3.0%	19.0%	7.6%	6.0%	16.3%	13.3%	11.9%
Rev Chg LTM	5.4%	24.0%	-4.9%	2.2%	5.8%	18.1%	8.9%	10.2%	21.1%	22.2%	3.9%
Rev Chg 3Y Avg	8.0%	429.4%	22.0%	1.2%	8.9%	32.4%	10.3%	7.6%	23.5%	19.7%	2.1%
FCF/Rev 3Y Avg	27.5%	847.0%	120.8%	62.2%	61.9%	60.8%	58.4%	55.6%	54.7%	49.8%	49.6%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 21%, alpha of 9.1%, and sharpe of 0.94

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	FactSet Research Systems Earnings Notes
2	Day 5 of Gains Streak for FactSet Research Systems Stock with 9.6% Return (vs. -42% YTD) [11/13/2025]TREFISDASH	Notification
3	Would You Still Hold FactSet Research Systems Stock If It Fell 30%?	Return
4	FDS Drops 15% In A Week: How Does It Stack Against Peers?
5	FactSet Research Systems Stock Leaps 5.5% In One Day, Time To Buy The Stock?	Buy or Fear
6	Better Bet Than FDS Stock: Pay Less Than FactSet Research Systems To Get More From GOOGL, UNH
7	Better Bet Than FDS Stock: Pay Less Than FactSet Research Systems To Get More From AON, IBKR
8	FDS YTD Stock Return Of -8.5% Outperforms DFIN by 20% and Underperforms CBOE by -20%	Return
9	FactSet Research Systems Total Shareholder Return (TSR): -9.3% in 2025 and -2.9% 3-yr compounded annual returns (below peer average)
10	FactSet Research Systems (FDS) Operating Cash Flow Comparison	Financials

	Title
0	ARTICLES

Trade Ideas

Select ideas related to FDS. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
WU_11212025_Dip_Buyer_FCFYield	11212025	WU	Western Union	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.4%	12.4%	-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	COIN	Coinbase Global	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	0.8%	0.8%	-0.5%
PYPL_11142025_Dip_Buyer_FCFYield	11142025	PYPL	PayPal	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.4%	-5.4%	-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper	11142025	V	Visa	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	7.1%	7.1%	-2.7%
WD_11072025_Dip_Buyer_ValueBuy	11072025	WD	Walker & Dunlop	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-11.5%	-11.5%	-12.1%
FDS_9262025_Dip_Buyer_ValueBuy	09262025	FDS	FactSet Research Systems	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.8%	0.8%	-12.5%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
RZLT	Rezolute	0.3	18.0%	-50.6%
WW	WW International	2.4	14.2%
NRGV	Energy Vault	0.8	10.4%	122.8%
METC	Ramaco Resources	1.0	8.5%	67.0%
UAMY	United States Antimony	0.7	7.9%	240.7%
LION	Lionsgate Studios	2.6	7.4%	-71.0%
GHM	Graham	0.8	7.3%	56.3%
VG	Venture Global	17.0	6.4%
CRK	Comstock Resources	6.7	5.7%	26.6%
SSII	SS Innovations International	1.1	5.5%	-25.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
TPL	Texas Pacific Land	6.8	-67.3%	-18.9%
GOSS	Gossamer Bio	0.7	-12.9%	263.1%
CSIQ	Canadian Solar	1.6	-11.8%	115.2%
TDUP	ThredUp	0.8	-11.7%	363.3%
LAB	Standard BioTools	0.6	-11.0%	-14.6%
INBX	Inhibrx Biosciences	1.2	-10.8%	407.0%
QBTS	D-Wave Quantum	10.0	-9.5%	246.7%
FDMT	4D Molecular Therapeutics	0.4	-9.3%	41.8%
FBYD	Falcons Beyond Global	0.6	-8.5%	109.8%
PVLA	Palvella Therapeutics	1.1	-8.1%	735.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LUNR	Intuitive Machines	1.9	53.2%	-9.1%
HUT	Hut 8	5.5	42.4%	156.1%
AAOI	Applied Optoelectronics	2.6	40.3%	10.3%
FBYD	Falcons Beyond Global	0.6	39.8%	109.8%
RKLB	Rocket Lab	39.8	39.1%	203.0%
DJT	Trump Media & Technology	3.9	31.9%	-58.5%
SGML	Sigma Lithium	1.5	31.9%	20.2%
ADEA	Adeia	1.9	31.0%	23.9%
TE	T1 Energy	1.1	30.7%
FOLD	Amicus Therapeutics	4.4	30.5%	50.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.0	-80.2%	-27.2%
TPL	Texas Pacific Land	6.8	-63.8%	-18.9%
FDMT	4D Molecular Therapeutics	0.4	-31.4%	41.8%
LW	Lamb Weston	5.9	-30.1%	-35.8%
TLRY	Tilray Brands	11.2	-24.5%	-20.8%
OLMA	Olema Pharmaceuticals	2.4	-19.3%	374.6%
INSP	Inspire Medical Systems	2.8	-17.8%	-48.8%
GETY	Getty Images	0.5	-17.6%	-41.7%
TDUP	ThredUp	0.8	-16.4%	363.3%
FRMI	Fermi	5.8	-15.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TE	T1 Energy	1.1	161.4%
WVE	WAVE Life Sciences	2.9	147.9%	41.3%
AAOI	Applied Optoelectronics	2.6	97.5%	10.3%
LUNR	Intuitive Machines	1.9	91.5%	-9.1%
RKLB	Rocket Lab	39.8	91.5%	203.0%
VERA	Vera Therapeutics	3.4	89.4%	27.5%
PL	Planet Labs PBC	6.3	85.8%	413.1%
ANF	Abercrombie & Fitch	5.9	77.2%	-17.2%
ARWR	Arrowhead Pharmaceuticals	9.7	72.6%	271.4%
NRGV	Energy Vault	0.8	68.8%	122.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-75.4%	-50.6%
JANX	Janux Therapeutics	0.9	-51.0%	-73.6%
LENZ	LENZ Therapeutics	0.5	-42.9%	-41.5%
FRMI	Fermi	5.8	-42.5%
GOGO	Gogo	0.6	-35.0%	-43.3%
HPK	HighPeak Energy	0.5	-29.7%	-70.1%
UP	Wheels Up Experience	0.4	-29.2%	-61.8%
ORIC	ORIC Pharmaceuticals	0.6	-28.8%	2.5%
LW	Lamb Weston	5.9	-27.5%	-35.8%
ACLX	Arcellx	3.7	-27.4%	-14.6%

Peer Comparisons for FactSet Research Systems

Peers to compare with:

Financials

	FDS	SPGI	MCO	MSCI	MORN	TRI	Median
Name	FactSet .	S&P Glob.	Moodys	MSCI	Mornings.	Thomson .
Mkt Price	290.88	525.14	515.39	581.30	217.35	133.05	403.13
Mkt Cap	11.0	159.8	92.2	44.4	9.2	59.8	52.1
Rev LTM	2,322	15,012	7,501	3,055	2,395	7,376	5,216
Op Inc LTM	748	6,031	3,286	1,655	471	2,128	1,892
FCF LTM	617	5,461	2,398	1,388	394	1,822	1,605
FCF 3Y Avg	605	4,657	2,166	1,273	332	1,869	1,571
CFO LTM	726	5,643	2,717	1,518	539	2,459	1,988
CFO 3Y Avg	691	4,805	2,470	1,380	466	2,456	1,918

Growth & Margins

	FDS	SPGI	MCO	MSCI	MORN	TRI	Median
Name	FactSet .	S&P Glob.	Moodys	MSCI	Mornings.	Thomson .
Rev Chg LTM	5.4%	9.0%	8.8%	9.0%	7.8%	3.0%	8.3%
Rev Chg 3Y Avg	8.0%	13.3%	9.8%	11.2%	8.9%	3.9%	9.3%
Rev Chg Q	6.2%	8.8%	10.7%	9.5%	8.4%	3.4%	8.6%
QoQ Delta Rev Chg LTM	1.5%	2.1%	2.7%	2.3%	2.0%	0.8%	2.1%
Op Mgn LTM	32.2%	40.2%	43.8%	54.2%	19.7%	28.9%	36.2%
Op Mgn 3Y Avg	31.4%	36.3%	40.7%	54.1%	15.6%	26.9%	33.8%
QoQ Delta Op Mgn LTM	1.7%	1.0%	1.3%	0.3%	0.1%	2.3%	1.1%
CFO/Rev LTM	31.3%	37.6%	36.2%	49.7%	22.5%	33.3%	34.8%
CFO/Rev 3Y Avg	31.3%	34.8%	36.8%	50.0%	20.9%	34.6%	34.7%
FCF/Rev LTM	26.6%	36.4%	32.0%	45.4%	16.5%	24.7%	29.3%
FCF/Rev 3Y Avg	27.5%	33.7%	32.2%	46.1%	14.8%	26.4%	29.9%

Valuation

	FDS	SPGI	MCO	MSCI	MORN	TRI	Median
Name	FactSet .	S&P Glob.	Moodys	MSCI	Mornings.	Thomson .
Mkt Cap	11.0	159.8	92.2	44.4	9.2	59.8	52.1
P/S	4.7	10.6	12.3	14.5	3.8	8.1	9.4
P/EBIT	14.1	26.0	28.1	26.8	16.6	25.2	25.6
P/E	18.4	37.9	41.1	36.3	24.3	34.1	35.2
P/CFO	15.1	28.3	33.9	29.3	17.0	24.3	26.3
Total Yield	6.9%	3.4%	3.2%	4.0%	4.9%	4.6%	4.3%
Dividend Yield	1.5%	0.7%	0.7%	1.2%	0.8%	1.7%	1.0%
FCF Yield 3Y Avg	4.2%	3.3%	2.9%	2.9%	2.9%	2.8%	2.9%
D/E	0.1	0.1	0.1	0.1	0.1	0.0	0.1
Net D/E	0.1	0.1	0.1	0.1	0.1	0.0	0.1

Returns

	FDS	SPGI	MCO	MSCI	MORN	TRI	Median
Name	FactSet .	S&P Glob.	Moodys	MSCI	Mornings.	Thomson .
1M Rtn	5.4%	6.4%	7.5%	3.4%	2.1%	-1.4%	4.4%
3M Rtn	1.3%	5.9%	8.3%	2.5%	-7.7%	-16.9%	1.9%
6M Rtn	-33.1%	0.8%	5.8%	1.6%	-29.6%	-32.0%	-14.4%
12M Rtn	-39.9%	6.2%	9.6%	-2.8%	-35.5%	-17.3%	-10.0%
3Y Rtn	-24.7%	61.7%	89.5%	29.8%	3.8%	22.5%	26.1%
1M Excs Rtn	0.8%	1.7%	2.8%	-1.2%	-2.5%	-6.1%	-0.2%
3M Excs Rtn	-2.0%	3.1%	4.7%	-1.1%	-12.2%	-19.4%	-1.6%
6M Excs Rtn	-46.8%	-12.3%	-6.0%	-10.8%	-43.1%	-44.9%	-27.7%
12M Excs Rtn	-57.7%	-9.0%	-5.4%	-19.8%	-53.0%	-34.8%	-27.3%
3Y Excs Rtn	-109.4%	-20.9%	8.2%	-51.7%	-76.1%	-57.2%	-54.5%

Comparison Analyses

	Title
0	FactSet Research Systems vs. Veeva Systems: With Return Forecast Of 67%, Veeva Systems Is A Better Bet
1	FactSet Research Systems vs. Ansys: With Return Forecast Of 40%, Ansys Is A Better Bet
2	FactSet Research Systems vs. Match Group: With Return Forecast Of 17%, Match Group Is A Better Bet
3	FactSet Research Systems vs AMC Entertainment Holdings: Similar Market Cap; Which Stock Is A Better Bet?
4	FactSet Research Systems vs Charles River Laboratories International: Similar Market Cap; Which Stock Is A Better Bet?
5	FactSet Research Systems vs Genuine Parts: Similar Market Cap; Which Stock Is A Better Bet?
6	FactSet Research Systems vs Coterra Energy: Similar Revenue; Which Stock Is A Better Bet?
7	FactSet Research Systems vs Boston Scientific: Similar Income; Which Stock Is A Better Bet?
8	FactSet Research Systems vs Fidelity National Information Services: Similar Income; Which Stock Is A Better Bet?
9	FactSet Research Systems vs Hologic: Similar Market Cap; Which Stock Is A Better Bet?

FDIC Bank Data

$ Mil \| FY: 8/31	LTM	2025	2024	2023	2022	2021	2020
Period End	8/31/2025	8/31/2025	8/31/2024	8/31/2023	8/31/2022	8/31/2021	8/31/2020
Filing Date	10/22/2025	10/22/2025	10/29/2024	10/27/2023	10/21/2022	10/22/2021	10/29/2020
Key Financials
Total Revenue	2,322	2,322	2,203	2,086	1,844	1,591	1,494
EBITDA	966	966	873	788	609	583	538
Operating Income	748	748	701	629	540	474	456
Net Income	597	597	537	468	397	400	373
EPS	15.75	15.74	14.11	12.26	10.48	10.56	9.83
Growth Rates
Total Revenue Growth	5.4%	5.4%	5.6%	13.1%	15.9%	6.5%	4.1%
EBITDA Growth	10.7%	10.7%	10.8%	29.4%	4.4%	8.4%	7.8%
Operating Income Growth	6.7%	6.7%	11.5%	16.6%	13.9%	3.9%	4.1%
Net Income Growth	11.2%	11.2%	14.7%	18.0%	-0.7%	7.1%	5.7%
Margins
EBITDA Margin	41.6%	41.6%	39.6%	37.8%	33.0%	36.6%	36.0%
Operating Income Margin	32.2%	32.2%	31.8%	30.2%	29.3%	29.8%	30.5%
Net Income Margin	25.7%	25.7%	24.4%	22.4%	21.5%	25.1%	25.0%
Cash & Debt
Total Cash	355	355	493	458	536	718	605
Total Debt	1,559	1,559	1,575	1,840	2,220	866	876
Net Debt / (Cash)	1,203	1,203	1,082	1,382	1,684	148	271
Cash Flows
Net Cash from Operations	726	726	700	646	538	555	506
Free Cash from Operations	617	617	615	585	487	494	428
Returns to Shareholders
Dividends	160	160	151	139	126	118	110
Share Repurchases	300	300	235	177	19	265	200

$ Mil \| FY: 8/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	8/31/2025	5/31/2025	2/28/2025	11/30/2024	8/31/2024	5/31/2024	2/29/2024	11/30/2023	8/31/2023	5/31/2023	2/28/2023	11/30/2022
Filing Date	10/22/2025	7/3/2025	4/4/2025	1/8/2025	10/29/2024	7/3/2024	4/3/2024	1/5/2024	10/27/2023	7/3/2023	4/3/2023	1/5/2023
Key Financials Quarterly
Total Revenue	597	586	571	569	562	553	546	542	536	530	515	505
Ebitda	252	244	232	237	174	248	224	227	154	214	210	210
Operating Income	177	194	185	191	128	202	182	189	115	172	170	172
Net Income	154	149	145	150	89	158	141	149	65	135	132	137
EPS	4.07	3.92	3.81	3.95	2.35	4.15	3.70	3.91	1.71	3.52	3.44	3.59
Key Financials TTM
Total Revenue TTM	2,322	2,287	2,254	2,230	2,203	2,177	2,154	2,123	2,086	2,049	2,008	1,924
Ebitda TTM	966	888	891	884	873	852	819	805	788	803	728	669
Operating Income TTM	748	699	707	704	701	688	658	646	629	648	622	586
Net Income TTM	597	533	543	539	537	513	489	480	468	507	448	426
Growth Rates Quarterly
Total Revenue Growth	6.2%	5.9%	4.5%	4.9%	4.9%	4.3%	6.0%	7.4%	7.3%	8.4%	19.5%	18.9%
EBITDA Growth	44.8%	-1.5%	3.5%	4.8%	13.3%	15.4%	7.1%	7.9%	-8.8%	53.7%	39.5%	40.3%
Operating Income Growth	38.7%	-4.1%	2.0%	1.2%	11.2%	17.4%	7.2%	9.8%	-13.9%	17.9%	27.0%	36.3%
Net Income Growth	71.6%	-6.1%	2.8%	1.0%	37.4%	17.4%	7.1%	8.6%	-37.6%	79.8%	19.7%	27.1%
Margins Quarterly
EBITDA Margin	42.3%	41.7%	40.7%	41.8%	31.0%	44.8%	41.1%	41.8%	28.7%	40.5%	40.7%	41.6%
Operating Income Margin	29.7%	33.2%	32.5%	33.6%	22.7%	36.6%	33.3%	34.9%	21.5%	32.5%	32.9%	34.1%
Net Income Margin	25.7%	25.4%	25.4%	26.4%	15.9%	28.6%	25.8%	27.4%	12.2%	25.4%	25.5%	27.1%
Cash & Debt
Total Cash	355	364	287	359	493	522	450	444	458	519	477	470
Total Debt	1,559	1,621	1,663	1,552	1,575	1,642	1,704	1,773	1,840	1,905	1,961	2,090
Net Debt / (Cash)	1,203	1,256	1,376	1,193	1,082	1,120	1,254	1,329	1,382	1,386	1,484	1,620
Cash Flows Quarterly
FCF from Operations	212	254	174	86	163	238	144	155	156	219	165	107
Cash Flows TTM
FCF from Operations TTM	726	677	662	632	700	693	673	694	646	641	615	572
Returns to Shareholders Quarterly
Dividends	42	40	40	39	39	37	37	37	37	34	34	34
Share Repurchases	107	81	64	49	63	60	52	60	110	67	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	47.9%	51.0%	45.3%	53.5%	36.1%	60.0%	48.5%	48.3%	20.2%	41.4%	38.4%	36.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	51.5%	45.7%	42.3%	48.4%	53.4%	49.1%	41.9%	38.8%	36.5%	40.0%	36.3%	32.0%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022
Single Segment	2,086	1,844	1,591	1,494
Total	2,086	1,844	1,591	1,494

Price Behavior

Price Behavior

Market Price	$290.88
Market Cap ($ Bil)	11.0
First Trading Date	06/28/1996
Distance from 52W High	-40.1%
	50 Days	200 Days
DMA Price	$278.76	$371.04
DMA Trend	down	down
Distance from DMA	4.3%	-21.6%
	3M	1YR
Volatility	33.2%	28.6%
Downside Capture	10.79	71.28
Upside Capture	14.79	10.44
Correlation (SPY)	4.6%	36.4%

FDS Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	-0.13	0.11	0.10	0.33	0.56	0.67
Up Beta	-0.28	1.41	1.81	1.41	0.72	0.81
Down Beta	-2.29	-0.39	-0.64	-0.25	0.54	0.64
Up Capture	44%	-17%	-76%	-41%	3%	15%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	9	21	29	56	111	390
Down Capture	9%	6%	68%	103%	79%	91%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	10	20	33	69	137	360

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of FDS With Other Asset Classes (Last 1Y)
	FDS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-37.8%	18.1%	18.8%	72.9%	9.0%	3.7%	-11.4%
Annualized Volatility	28.7%	19.0%	19.5%	19.2%	15.3%	17.2%	35.0%
Sharpe Ratio	-1.65	0.74	0.76	2.72	0.36	0.05	-0.14
Correlation With Other Assets		47.7%	36.0%	0.5%	9.4%	45.0%	13.3%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of FDS With Other Asset Classes (Last 5Y)
	FDS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-2.6%	16.2%	14.8%	18.9%	11.8%	4.7%	35.5%
Annualized Volatility	24.5%	18.9%	17.1%	15.5%	18.7%	18.9%	48.9%
Sharpe Ratio	-0.12	0.71	0.70	0.98	0.51	0.16	0.62
Correlation With Other Assets		44.4%	49.5%	5.1%	7.0%	47.9%	17.3%

Based On 10-Year Data

		Comparison of FDS With Other Asset Classes (Last 10Y)
	FDS	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	7.1%	13.1%	14.8%	15.1%	6.8%	5.4%	69.1%
Annualized Volatility	26.0%	22.3%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.29	0.55	0.71	0.85	0.31	0.23	0.90
Correlation With Other Assets		55.4%	61.0%	3.1%	17.6%	52.3%	15.8%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	2,743,525
Short Interest: % Change Since 11152025	3.6%
Average Daily Volume	1,051,276
Days-to-Cover Short Interest	2.61
Basic Shares Quantity	37,768,000
Short % of Basic Shares	7.3%

Returns Analyses

	Title
0	Would You Still Hold FactSet Research Systems Stock If It Fell 30%?
1	FDS YTD Stock Return Of -8.5% Outperforms DFIN by 20% and Underperforms CBOE by -20%
2	FDS YTD Stock Return Of 11% Outperforms MKTX by 17% and Outperforms MKTX by 17%
3	FDS YTD Stock Return Of 5.9% Outperforms MKTX by 19% and Outperforms MKTX by 19%
4	FactSet Research Systems Stock Return Comparison
5	FactSet Research Systems Total Shareholder Return (TSR): 14.8% in 2022 and 17.7% 3-yr returns (above peer average)
6	FactSet Research Systems (FDS) Stock Return: AI Predicts FDS Average and Excess Return After a Fall or Rise

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
12/18/2025	-7.7%
9/18/2025	-4.0%	-5.8%	-4.8%
6/23/2025	3.5%	4.5%	-1.4%
3/20/2025	0.4%	4.2%	-4.2%
12/19/2024	3.5%	3.9%	-1.8%
9/19/2024	5.1%	2.5%	5.7%
6/21/2024	3.8%	1.6%	5.1%
3/21/2024	-7.6%	-8.3%	-11.0%
...
SUMMARY STATS
# Positive	12	15	14
# Negative	12	9	10
Median Positive	3.6%	3.6%	3.5%
Median Negative	-4.3%	-5.8%	-4.8%
Max Positive	15.1%	12.3%	17.9%
Max Negative	-8.3%	-8.7%	-11.0%

	Forward Returns
12/18/2025	-7.7%
9/18/2025	-4.0%	-5.8%	-4.8%
6/23/2025	3.5%	4.5%	-1.4%
3/20/2025	0.4%	4.2%	-4.2%
12/19/2024	3.5%	3.9%	-1.8%
9/19/2024	5.1%	2.5%	5.7%
6/21/2024	3.8%	1.6%	5.1%
3/21/2024	-7.6%	-8.3%	-11.0%
12/19/2023	-2.1%	3.0%	1.1%
9/21/2023	0.7%	2.7%	3.1%
6/22/2023	-4.5%	-6.6%	2.0%
3/23/2023	-5.5%	-1.9%	1.4%
12/20/2022	-5.4%	-5.8%	0.9%
9/22/2022	-8.3%	-8.7%	-7.2%
6/23/2022	8.0%	6.4%	13.4%
3/24/2022	-1.8%	3.0%	0.1%
12/21/2021	0.8%	3.6%	-9.6%
9/28/2021	3.8%	7.4%	17.9%
6/29/2021	-0.3%	1.2%	2.5%
3/30/2021	-3.9%	-1.8%	3.8%
12/21/2020	-4.1%	-4.9%	-6.4%
9/24/2020	1.1%	1.3%	-0.8%
6/25/2020	15.1%	12.3%	17.1%
3/26/2020	10.7%	9.8%	17.9%
SUMMARY STATS
# Positive	12	15	14
# Negative	12	9	10
Median Positive	3.6%	3.6%	3.5%
Median Negative	-4.3%	-5.8%	-4.8%
Max Positive	15.1%	12.3%	17.9%
Max Negative	-8.3%	-8.7%	-11.0%

SEC Filings

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Report Date	Filing Date	Filing
8312025	10222025	10-K 8/31/2025
5312025	7032025	10-Q 5/31/2025
2282025	4042025	10-Q 2/28/2025
11302024	1082025	10-Q 11/30/2024
8312024	10292024	10-K 8/31/2024
5312024	7032024	10-Q 5/31/2024
2292024	4032024	10-Q 2/29/2024
11302023	1052024	10-Q 11/30/2023
8312023	10272023	10-K 8/31/2023
5312023	7032023	10-Q 5/31/2023
2282023	4032023	10-Q 2/28/2023
11302022	1052023	10-Q 11/30/2022
8312022	10212022	10-K 8/31/2022
5312022	7012022	10-Q 5/31/2022
2282022	4042022	10-Q 2/28/2022
11302021	1032022	10-Q 11/30/2021

Insider Activity

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Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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FactSet Research Systems (FDS)

Market Price (12/24/2025): $290.41 | Market Cap: $11.0 BilSector: Financials | Industry: Financial Exchanges & Data

FactSet Research Systems (FDS)

Market Price (12/24/2025): $290.41Market Cap: $11.0 BilSector: FinancialsIndustry: Financial Exchanges & Data

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

FDS Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

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In The Past

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About FactSet Research Systems (FDS)

Major Customers of FactSet Research Systems (FDS)

Interactive Breakdown

Better Bets than FactSet Research Systems (FDS)

INDUSTRY: Financial Exchanges & Data

Higher Rev Chg 3Y Avg | Lower P/S (Values for FDS: 8.0% | 4.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FDS: 8.0% | 14.7x)

Higher Rev Chg LTM (Value for FDS: 5.4%)

Higher Rev Chg 3Y Avg (Value for FDS: 8.0%)

Higher Op Mgn LTM (Value for FDS: 32.2%)

Higher CFO/Rev LTM (Value for FDS: 31.3%)

Higher FCF/Rev LTM (Value for FDS: 26.6%)

Higher Total Yield (Value for FDS: 6.9%)

SECTOR: Financials

Higher Rev Chg 3Y Avg | Lower P/S (Values for FDS: 8.0% | 4.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FDS: 8.0% | 14.7x)

Higher Rev Chg LTM (Value for FDS: 5.4%)

Higher Rev Chg 3Y Avg (Value for FDS: 8.0%)

Higher Op Mgn LTM (Value for FDS: 32.2%)

Higher CFO/Rev LTM (Value for FDS: 31.3%)

Higher FCF/Rev LTM (Value for FDS: 26.6%)

Higher Total Yield (Value for FDS: 6.9%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for FDS: 8.0% | 4.7x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for FDS: 8.0% | 14.7x)

Higher Rev Chg LTM (Value for FDS: 5.4%)

Higher Rev Chg 3Y Avg (Value for FDS: 8.0%)

Higher Op Mgn LTM (Value for FDS: 32.2%)

Higher CFO/Rev LTM (Value for FDS: 31.3%)

Higher FCF/Rev LTM (Value for FDS: 26.6%)

Higher Total Yield (Value for FDS: 6.9%)

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Market Price (12/24/2025): $290.41 | Market Cap: $11.0 Bil
Sector: Financials | Industry: Financial Exchanges & Data

Market Price (12/24/2025): $290.41
Market Cap: $11.0 Bil
Sector: Financials
Industry: Financial Exchanges & Data