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FactSet Research Systems (NYSE: FDS | NASDAQ: FDS) is a global leader in providing financial data, analytics, and enterprise solutions to investment management and investment banking professionals worldwide. With a focus on technological innovation and client service, FactSet delivers instant access to comprehensive financial data and sophisticated analytic tools to thousands of analysts, portfolio managers, and investment bankers at the world’s leading financial institutions.
Founded on a commitment to creatively leveraging technology, FactSet continually evolves its software to stay ahead of industry demands. Their suite of tools enables users to conduct high-level investment research, supported by unparalleled client service through individual consultant contacts and 24-hour personal support. Recognized among Fortune's '100 Best Companies to Work For,' FactSet also integrates a strong culture of employee satisfaction and growth.
FactSet's core business revolves around aggregating data from third-party suppliers, news sources, exchanges, and brokerages into its robust workstation platform. This platform is essential for providing portfolio analytics and addressing reporting requirements for their extensive client base, with buy-side clients making up 82% of FactSet's annual subscription value.
The company has made significant acquisitions to broaden its capabilities, including Portware in 2015, BISAM in 2017, and CUSIP Global Services in 2022. These strategic acquisitions have enhanced FactSet's offerings in trade execution, risk management, and performance measurement, solidifying its position as a comprehensive solution provider.
FactSet recently launched its first interactive GenAI product, the Transcript Assistant, within its workstation. This tool leverages generative AI to help users efficiently search, analyze, and extract actionable insights from transcripts, thus enhancing the investment research process. FactSet continues to push the envelope in AI and machine learning to improve decision-making and drive productivity for its clients.
Financially, FactSet remains strong, with consistent revenue growth and strategic investments in technology. The company’s commitment to innovation and client service ensures that it remains a vital partner to the global investment community.
For more information, visit www.factset.com and follow FactSet on Twitter and LinkedIn.
FactSet announced its Intelligent Platform initiative, introducing conversational AI integration at the platform level. The system connects an enhanced FactSet Mercury, the company's conversational knowledge engine, to AI-powered solutions through a global assistant. The platform features agentic orchestration for auditable answers and actionable insights, alongside Enterprise AI Building Blocks for in-house client implementation.
Key upcoming solutions include Pitch Creator for Bankers, Portfolio Commentary with expanded features, and IRN 2.0 for research management, all launching in early 2025. The initiative aims to enhance productivity and decision-making for buy- and sell-side clients through streamlined workflows and improved data discoverability.
FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced it will release its first quarter fiscal 2025 financial and operating results on December 19, 2024. The company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the results. The earnings presentation slides will be available on the investor relations website at 10:30 a.m. ET, with a replay accessible until December 19, 2025.
FactSet hosted its 2024 Investor Day, highlighting its strategic priorities and financial outlook. The company reaffirmed its fiscal 2025 guidance, projecting GAAP revenues of $2,285-2,305 million and GAAP operating margin of 32.5-33.5%. FactSet announced its medium-term outlook through fiscal 2028, targeting mid-to-high single-digit organic ASV growth and adjusted operating margin of 37-38%. The company emphasized its $40B+ total addressable market and its position as an enterprise partner, serving 95 of the top 100 asset managers and approximately 75% of the top 50 global investment banks.
FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced a quarterly cash dividend of $1.04 per share. The dividend will be distributed on December 19, 2024, to shareholders of record as of the close of business on November 29, 2024.
FactSet (NYSE: FDS | NASDAQ: FDS) announced the acquisition of Irwin, a Toronto-based investor relations and capital markets solution provider. The deal builds upon their existing partnership that integrates Irwin's IR CRM with FactSet Workstation. Founded in 2017, Irwin offers a modern investor relationship management platform combining intuitive design and workflow automation. The acquisition is expected to close during FactSet's first quarter fiscal 2025 and is not anticipated to materially impact FactSet's fiscal 2025 results. The integration aims to provide IR professionals with a unified solution for investor engagement, research, and corporate access.
CapIntel, a leading proposal generation and client engagement platform, has partnered with FactSet, a global financial digital platform provider, to enhance wealth management experiences. This integration allows advisors to create CapIntel's digital, compliant, and personalized proposals directly within the FactSet Workstation, streamlining workflow and user experience.
The collaboration aims to drive meaningful conversations and build investor trust by combining FactSet's analytics with CapIntel's engaging investment presentations. According to CapIntel's 2024 Investor Engagement Report, 65% of investors value personalized service from their advisors. This partnership addresses the need for personalized experiences at scale in the competitive wealth management landscape.
The integration is now available to advisors on the FactSet Workstation, offering a more accessible, transparent, and comprehensive way to create personalized client experiences.
FactSet, a global financial digital platform provider, announced that the Science Based Targets initiative (SBTi) has validated its near-term sustainability initiative to reduce greenhouse gas (GHG) emissions. This validation follows FactSet's 2022 commitment and confirms the company's goals are inline with SBTi's guidelines.
FactSet's commitments include:
- Reducing absolute scope 1 and 2 GHG emissions by 45% by fiscal year 2030 from fiscal 2023 base year levels
- Reducing absolute scope 3 GHG emissions by 25% by fiscal year 2030 from fiscal 2023 base year levels
The company plans to measure and disclose its GHG emissions, implement strategies to decrease emissions, and progress towards a net-zero future. This validation aligns with FactSet's sustainability plan, supported by its executive-sponsored Sustainability Committee and previous pledges with the UNGC and PRI.
FactSet reported Q4 2024 GAAP revenues of $562.2 million, a 4.9% increase year-over-year. Organic Q4 ASV and professional services grew 4.8% to $2,272.8 million. The GAAP operating margin rose to 22.7%, and the adjusted operating margin improved to 35.8%, up 240 basis points. GAAP diluted EPS surged 38.1% to $2.32, while adjusted diluted EPS increased 23.8% to $3.74.
For fiscal 2025, FactSet anticipates organic ASV growth of 4%-6%, GAAP revenues between $2,285 and $2,305 million, an adjusted operating margin of 36%-37%, and adjusted diluted EPS between $16.80 and $17.40. The company recorded a $54 million charge related to a Massachusetts sales tax dispute.
Full-year 2024 highlights include a 5.6% increase in GAAP revenues to $2.20 billion and a 15.5% rise in GAAP diluted EPS to $13.91. Free cash flow was $137.2 million for Q4, down 12.2% year-over-year, while full-year free cash flow rose 5.1% to $614.7 million. FactSet raised its quarterly dividend by 6% and repurchased $385.9 million in shares and dividends.
FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced its upcoming Investor Day on November 14, 2024. The event will be held in New York City and streamed live from 8:00 a.m. to 2:00 p.m. EST. Key highlights include:
- In-depth look at FactSet's financial outlook
- Showcase of innovative technology and differentiated products
- Demonstrations of generative AI products
- Presentations on new client-centric workflow solutions
- Q&A sessions with executive leadership
The event is invitation-only, with registration required. Analysts and institutional investors can request invitations at factset.com/ID24. A webcast recording and slides will be available post-event at investor.factset.com.
FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, has announced its upcoming fourth quarter fiscal 2024 earnings release and conference call. The company will release its financial and operating results for the quarter ending August 31, 2024, on Thursday, September 19, 2024. A conference call to discuss these results is scheduled for 11:00 a.m. Eastern Time on the same day.
Investors can register for the conference call using the provided link. The earnings presentation slides will be available on FactSet's investor relations website at 10:30 a.m. Eastern Time, 30 minutes before the call. A replay of the call will be accessible on the company's website from September 19, 2024, to September 19, 2025, after 1:00 p.m. Eastern Time. Additionally, the earnings call transcript will be available via FactSet CallStreet.
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