FactSet Hosts Investor Day 2024
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 ha ospitato il suo Investor Day 2024, evidenziando le sue priorità strategiche e le prospettive finanziarie. L'azienda ha confermato le previsioni fiscali per il 2025, stimando entrate GAAP di 2.285-2.305 milioni di dollari e un margine operativo GAAP del 32,5-33,5%. FactSet ha annunciato le sue previsioni a medio termine fino all'esercizio 2028, puntando a una crescita organica dell'ASV a una cifra medio-alta e a un margine operativo rettificato del 37-38%. L'azienda ha enfatizzato il suo mercato indirizzabile totale di oltre 40 miliardi di dollari e la sua posizione come partner aziendale, servendo 95 dei 100 principali gestori patrimoniali e circa il 75% delle 50 principali banche d'investimento globali.
FactSet llevó a cabo su Investor Day 2024, destacando sus prioridades estratégicas y su perspectiva financiera. La empresa reafirmó su guía fiscal para 2025, proyectando ingresos GAAP de 2,285-2,305 millones de dólares y un margen operativo GAAP del 32.5-33.5%. FactSet anunció su perspectiva a medio plazo hasta el ejercicio 2028, con un objetivo de crecimiento orgánico del ASV en un dígito medio a alto y un margen operativo ajustado del 37-38%. La compañía enfatizó su mercado total direccionable de más de 40 mil millones de dólares y su posición como socio empresarial, sirviendo a 95 de los 100 principales gestores de activos y aproximadamente al 75% de los 50 principales bancos de inversión globales.
FactSet은 2024 투자자의 날을 개최하여 전략적 우선사항과 재무 전망을 강조했습니다. 회사는 2025 회계연도 가이던스를 재확인하며, GAAP 수익은 22억 8,500만~23억 500만 달러, GAAP 운영 마진은 32.5~33.5%로 예상했습니다. FactSet은 2028 회계연도까지의 중기 전망을 발표하며, 중~고 단위의 유기적 ASV 성장 및 조정된 운영 마진이 37~38%가 될 것을 목표로 하고 있습니다. 회사는 400억 달러 이상의 총 주소able 시장과 100대 자산 관리자의 95명을 포함하여 약 50대 글로벌 투자은행의 75%를 서비스하는 기업 파트너로서의 입지를 강조했습니다.
FactSet a organisé sa Journée des investisseurs 2024, mettant en lumière ses priorités stratégiques et ses perspectives financières. L'entreprise a réaffirmé ses prévisions pour l'exercice 2025, projetant des revenus GAAP de 2,285 à 2,305 millions de dollars et une marge opérationnelle GAAP de 32,5 à 33,5 %. FactSet a annoncé ses prévisions à moyen terme jusqu'à l'exercice 2028, visant une croissance organique de l'ASV à un chiffre de milieu à élevé et une marge opérationnelle ajustée de 37 à 38 %. L'entreprise a souligné son marché total adressable de plus de 40 milliards de dollars et sa position de partenaire d'entreprise, servant 95 des 100 principaux gestionnaires d'actifs et environ 75 % des 50 meilleures banques d'investissement mondiales.
FactSet veranstaltete seinen Investor Day 2024 und hob seine strategischen Prioritäten sowie die finanzielle Perspektive hervor. Das Unternehmen bekräftigte seine Prognose für das Geschäftsjahr 2025 mit GAAP-Umsätzen von 2.285-2.305 Millionen Dollar und einer GAAP-Betriebsgewinnmarge von 32,5-33,5%. FactSet gab seine Mittelfrist-Perspektive bis zum Geschäftsjahr 2028 bekannt und strebt ein organisches ASV-Wachstum im mittleren bis höheren einstelligen Bereich sowie eine angepasste Betriebsgewinne von 37-38% an. Das Unternehmen betonte seinen adressierbaren Gesamtmarkt von über 40 Milliarden Dollar und seine Position als Unternehmenspartner, der 95 der 100 größten Vermögensverwalter und etwa 75% der 50 größten globalen Investmentbanken bedient.
- Strong market presence serving 95 of top 100 asset managers and 75% of top 50 global investment banks
- Large addressable market of $40B+
- Projected GAAP revenues of $2,285-2,305 million for fiscal 2025
- Expected adjusted operating margin improvement to 37-38% by fiscal 2028
- Consistent growth strategy through multiple economic cycles
- None.
Insights
The reaffirmed FY2025 guidance and new medium-term outlook through 2028 provide solid visibility into FactSet's growth trajectory. The projected
The medium-term outlook targeting mid-to-high single-digit organic ASV growth and
FactSet's strategic emphasis on AI integration and open multi-cloud architecture represents a significant technological advancement in financial data services. The company's position as an enterprise partner leveraging AI to enhance workflow solutions addresses growing market demands for intelligent automation in financial analysis.
The broad adoption across major financial institutions, including
FactSet is Harnessing the Power of AI to Supercharge Financial Intelligence and Enhance Client Workflows
Company Reaffirms Full-Year Fiscal 2025 Guidance; Announces New Medium-Term Outlook
NORWALK, Conn., Nov. 14, 2024 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today will host an Investor Day to provide an in-depth look into the Company’s strategic priorities and financial outlook, and also preview its new innovations and tailored workflow solutions.
“Our clients’ demand for connected, quality data to support financial decision-making has never been clearer,” said Phil Snow, Chief Executive Officer of FactSet. “As a trusted enterprise partner with a broad data and technology ecosystem, we are uniquely positioned to unlock value for our clients’ workflows to supercharge their financial intelligence and capture opportunities in a growing market.”
FactSet Investor Day 2024 will highlight:
- FactSet’s differentiated solutions and market-leading franchises: Through its flexible data, technology, and AI-powered workflow solutions, FactSet fuels critical decisions for the global financial community. FactSet products are supercharging workflows for clients, including 95 of the top 100 asset managers, approximately
75% of the top 50 global investment banks, and 100K+ advisor desktops. - A large and growing addressable market: FactSet today has a total addressable market of
$40B + and through its open, multi-cloud approach enhanced with AI, FactSet is the enterprise partner of choice. - Multiple growth avenues: FactSet’s growth strategy is focused on expanding and deepening client relationships; innovating with new products and technologies; enhancing AI and analytics capabilities; and increasing its footprint through core product offerings.
- Operating discipline and a strong financial foundation: FactSet is building on its proven track record of consistent growth through all economic cycles by maintaining a disciplined capital allocation framework of sustained organic investment, return of capital to shareholders, and a strategic approach to M&A to drive sustainable growth acceleration and value creation.
FactSet reaffirms its fiscal 2025 guidance and continues to expect:
- Organic ASV in the range of
$90 million to$140 million - GAAP revenues in the range of
$2,285 million to$2,305 million - GAAP operating margin in the range of
32.5% to33.5% - Adjusted operating margin in the range of
36.0% to37.0% - Annual effective tax rate in the range of
17% to18% - GAAP diluted EPS in the range of
$15.10 t o$15.70 - Adjusted diluted EPS in the range of
$16.80 t o$17.40
Please see below for a reconciliation of GAAP to adjusted metrics.
FactSet announces its new medium-term outlook:
- Organic ASV growth of mid-to-high single digits on average annually through fiscal 2028
- Adjusted operating margin of
37% to38% by year end fiscal 2028 - Adjusted diluted EPS growth of high single digits to low double digits on average annually through fiscal 2028
FactSet’s Investor Day will include presentations and discussions from:
- Phil Snow, Chief Executive Officer
- Helen Shan, Chief Financial Officer
- Goran Skoko, Chief Revenue Officer
- Kate Stepp, Chief Technology Officer
- John Costigan, Chief Data Officer
- Kristina Karnovsky, Head of Dealmakers & Wealth
- Rob Robie, Head of Institutional Buy-Side
Webcast Replay
The event is by invitation only, and registration is required. Analysts and institutional investors interested in attending the event virtually or in person can request an invitation at factset.com/ID24. A webcast recording with accompanying slides will be available at investor.factset.com.
Forward-looking Statements
This news release contains forward-looking statements based on management's current expectations, assumptions, estimates, forecasts and projections as of the date such statements are made about future events and circumstances. All statements that address expectations, guidance, outlook or projections about the future, including statements about our strategy, future financial results, anticipated growth, expected expenditure, product development, market position and trends, are forward-looking statements. Forward-looking statements may be identified by words like “expects,” “believes,” “anticipates,” “plans,” “intends,” “estimates,” “projects,” "outlook," “should,” “indicates,” “continues,” “may,” and similar expressions. These statements are not guarantees of future performance and involve numerous risks, uncertainties, and assumptions.
Many factors, including those discussed more fully in FactSet's filings with the Securities and Exchange Commission, particularly our latest annual report on Form 10-K and quarterly reports on Form 10-Q, could cause results to differ materially from those stated. These documents are available on our website at http://investor.factset.com and on the SEC's website at http://www.sec.gov. FactSet believes our expectations and assumptions are reasonable, but there can be no assurance that the expectations reflected herein will be achieved. Unless legally required, we undertake no obligation to update any forward-looking statements made in this release whether because of new information, future events or otherwise.
About Non-GAAP Financial Measures
Financial measures in accordance with U.S. GAAP including operating margin and diluted earnings per share have been adjusted. FactSet uses these adjusted financial measures both in presenting its results to stockholders and the investment community and in its internal evaluation and management of the business. The Company believes that these adjusted financial measures and the information they provide are useful to investors because they permit investors to view the Company’s performance using the same tools that management uses to gauge progress in achieving its goals. Investors may benefit from referring to these adjusted financial measures in assessing the Company’s performance and when planning, forecasting and analyzing future periods and may also facilitate comparisons to its historical performance. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Adjusted operating income margin and adjusted diluted earnings per share exclude acquisition-related intangible asset amortization and non-recurring items. The Company believes that these adjusted financial measures help to fully reflect the underlying economic performance of FactSet.
Business Outlook Operating Margin, Net Income and Diluted EPS
| (Unaudited) | ||||||
| Figures may not foot due to rounding | Annual Fiscal 2025 Guidance | |||||
| (In millions, except per share data) | Low end of range | High end of range | ||||
| Revenues | $ | 2,285 | $ | 2,305 | ||
| Operating income | $ | 765 | $ | 749 | ||
| Operating margin | 33.5 | % | 32.5 | % | ||
| Intangible asset amortization | 80 | 81 | ||||
| Adjusted operating income | $ | 845 | $ | 830 | ||
| Adjusted operating margin (a) | 37.0 | % | 36.0 | % | ||
| Net income | $ | 598 | $ | 577 | ||
| Intangible asset amortization | 66 | 66 | ||||
| Discrete tax items | (4 | ) | (3 | ) | ||
| Adjusted net income | $ | 660 | $ | 640 | ||
| Diluted earnings per common share | $ | 15.70 | $ | 15.10 | ||
| Intangible asset amortization | 1.73 | 1.73 | ||||
| Discrete tax items | (0.03 | ) | (0.03 | ) | ||
| Adjusted diluted earnings per common share | $ | 17.40 | $ | 16.80 | ||
(a) Adjusted operating margin is calculated as Adjusted operating income divided by Revenues
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 216,000 individual users. Clients across the buy-side and sell-side, as well as wealth managers, private equity firms, and corporations, achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized among the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.
FactSet Investor Relations:
Yet He
+1.212.973.5701
yet.he@factset.com
Media Relations:
Megan Kovach
+1.512.736.2795
megan.kovach@factset.com
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