FDS Financial Services

FactSet Research Systems Inc.

$332.59-3.24%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Financial Services
Industry: Financial Data & Stock Exchanges
Country: United States
Market cap: 11.8B USD
Enterprise value: 11.8B USD

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: less short-term liquidity (current ratio 0.68 vs a peer median of 2.02)less liquidity (current ratio 0.68 vs peers 2.02)
About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #119 of 232 financial services companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since FY Aug 2022: revenue +26%, operating profit +57%.
Since FY Aug 2022, FactSet Research Systems's revenue grew 26% while operating profit grew 57%: each extra dollar of sales is adding more profit.
Share count shrinking. Shares outstanding down 6.5% from August 2022 to June 2026.
FactSet Research Systems had 6.5% fewer shares at June 2026 than at August 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $1.5B in FY Aug 2020 to $2.3B in FY Aug 2025.
FactSet Research Systems's fiscal-year revenue rose in each of the five years to FY Aug 2025, from $1.5B to $2.3B.
Profit is backed by cash. Free cash flow is 125% of reported profit.
FactSet Research Systems's free cash flow is 125% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

StockQuotient Score

51/ 100▼ 1 since Oct 27 close

Oct 5 54 → Nov 4 51 (-3)

Valuation

Is the price right?

43/100

Moderate▼ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Share count down 2.4%

Valuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 46 → 43

Share price +7.4%-3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield4.8%

SEC filings · 12 months to May 2026Reported value30% base weight · Z-score -0.25Sector median: 0.0571 · MAD: 0.0371

EBITDA yield7.0%

SEC filings · 12 months to May 2026Reported value50% base weight · Z-score 0.01Sector median: 0.0689 · MAD: 0.0428

Free cash flow yield6.0%

SEC filings · 12 months to May 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.02Sector median: 0.0613 · MAD: 0.0605

Other data (not scored)

Book yield17.2%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.8352 · MAD: 0.4517

Growth

Is it growing?

40/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth12.9%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score 0.10Sector median: 0.0999 · MAD: 0.2773

3-year revenue growth6.0%

SEC filings · 3 years to May 2026Reported value33% base weight · Z-score -0.47Sector median: 0.0999 · MAD: 0.0858

Revenue growth6.6%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score -0.05Sector median: 0.0742 · MAD: 0.1477

Profitability

Does it earn well?

85/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin29.6%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score 0.41Sector median: 0.2353 · MAD: 0.1462

Return on assets13.5%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score 4.70Sector median: 0.0256 · MAD: 0.0233

Return on invested capital18.2%

SEC filings · 12 months to May 2026Reported value33% base weight · Z-score 2.29Sector median: 0.0630 · MAD: 0.0518

Other data (not scored)

Gross margin51.4%

SEC filings · 12 months to May 2026Reported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122

Return on equity27.8%

SEC filings · 12 months to May 2026Reported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Held back by:

▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.77

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.21Sector median: 0.7010 · MAD: 0.3115

Current ratio0.68×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.08Sector median: 2.0250 · MAD: 1.2470

Debt / equity0.68×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.20Sector median: 0.5734 · MAD: 0.5454

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about FactSet Research Systems

Is FactSet Research Systems getting weaker?: Its latest SEC filing (Jul 1, 2026) got stronger: share count down 2.4%. Its overall score is 51/100, down 1 since Oct 28, 2026.
How is FactSet Research Systems valued vs its peers?: Priced about in line with its peers. Valuation scores 43/100 against 432 financial services peers.
Is FactSet Research Systems growing?: At about the same pace as its peers. Growth scores 40/100 against 432 financial services peers. 3-year revenue growth 6.0% vs a peer median of 10.0% (weaker than 63% of peers).3-year revenue growth 6.0% vs peers 10.0% (weaker than 63% of peers).
How profitable is FactSet Research Systems?: More profitable than most of its peers. Profitability scores 85/100 against 432 financial services peers. Return on assets 13.5% vs a peer median of 2.6% (stronger than 93% of peers).Return on assets 13.5% vs peers 2.6% (stronger than 93% of peers).
How risky is FactSet Research Systems?: Moderate risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 0.68× vs a peer median of 2.02× (weaker than 89% of peers).Current ratio 0.68× vs peers 2.02× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended May 31, 2026 · filed Jul 1, 2026 · compared with the quarter ended Feb 28, 2026

Got stronger

Share count down 2.4%

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.4B USD	2.4B USD	+1.6%
Net income (12 months)	587.8M USD	566.0M USD	−3.7%
Operating margin	31.2%	29.6%	−1.6 pts
Free cash flow (12 months)	682.9M USD	708.3M USD	+3.7%
Debt	1.4B USD	1.4B USD	+1.5%
Cash	268.3M USD	288.1M USD	+7.4%
Shares outstanding	36.4M	35.6M	−2.4%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Financial Services · 98 companies

Valuations in Financial Services are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
32% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +7% and earnings +21% (medians): prices and earnings moved broadly together.
Median price-to-sales is +30% vs the whole market, against a usual +47%.

2016Shaded: most expensive fifth of its range2026

Shown for Financial Services: too few Financial Data & Stock Exchanges companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Aug 2021	FY Aug 2022	FY Aug 2023	FY Aug 2024	FY Aug 2025	Change
Gross margin	50.6%	52.8%	53.3%	54.1%	52.7%	▼ 1.3 pts
Operating margin	29.8%	25.8%	30.2%	31.8%	32.2%	▲ 0.4 pts
Net margin	25.1%	21.5%	22.4%	24.4%	25.7%	▲ 1.3 pts
Return on assets (ROA)	18.0%	9.9%	11.8%	13.2%	13.9%	▲ 0.6 pts
Return on equity (ROE)	39.3%	29.8%	28.9%	28.1%	27.3%	▼ 0.8 pts
Free cash flow margin	31.0%	26.4%	28.0%	27.9%	26.6%	▼ 1.3 pts
Current ratio	2.96×	1.99×	1.59×	1.25×	1.40×	▲ 12%
Debt to equity	0.57×	1.49×	1.00×	0.71×	0.63×	▼ 12%
Interest coverage	58.77×	13.32×	9.49×	10.66×	13.29×	▲ 25%

FDS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: less short-term liquidity (current ratio 0.68 vs a peer median of 2.02)less liquidity (current ratio 0.68 vs peers 2.02)

About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #119 of 232 financial services companies (bottom 50%)

See how it ranks against its peers

Worth knowing

Profits growing faster than sales. Since FY Aug 2022: revenue +26%, operating profit +57%.

Since FY Aug 2022, FactSet Research Systems's revenue grew 26% while operating profit grew 57%: each extra dollar of sales is adding more profit.

Share count shrinking. Shares outstanding down 6.5% from August 2022 to June 2026.

FactSet Research Systems had 6.5% fewer shares at June 2026 than at August 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $1.5B in FY Aug 2020 to $2.3B in FY Aug 2025.

FactSet Research Systems's fiscal-year revenue rose in each of the five years to FY Aug 2025, from $1.5B to $2.3B.

Profit is backed by cash. Free cash flow is 125% of reported profit.

FactSet Research Systems's free cash flow is 125% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Questions investors ask about FactSet Research Systems

Is FactSet Research Systems getting weaker?

Its latest SEC filing (Jul 1, 2026) got stronger: share count down 2.4%. Its overall score is 51/100, down 1 since Oct 28, 2026.

How is FactSet Research Systems valued vs its peers?

Priced about in line with its peers. Valuation scores 43/100 against 432 financial services peers.

Is FactSet Research Systems growing?

At about the same pace as its peers. Growth scores 40/100 against 432 financial services peers. 3-year revenue growth 6.0% vs a peer median of 10.0% (weaker than 63% of peers).3-year revenue growth 6.0% vs peers 10.0% (weaker than 63% of peers).

How profitable is FactSet Research Systems?

More profitable than most of its peers. Profitability scores 85/100 against 432 financial services peers. Return on assets 13.5% vs a peer median of 2.6% (stronger than 93% of peers).Return on assets 13.5% vs peers 2.6% (stronger than 93% of peers).

How risky is FactSet Research Systems?

Moderate risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Current ratio 0.68× vs a peer median of 2.02× (weaker than 89% of peers).Current ratio 0.68× vs peers 2.02× (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.4B USD

2.4B USD

+1.6%

Net income (12 months)

587.8M USD

566.0M USD

−3.7%

Operating margin

31.2%

29.6%

−1.6 pts

Free cash flow (12 months)

682.9M USD

708.3M USD

+3.7%

Debt

1.4B USD

1.4B USD

+1.5%

Cash

268.3M USD

288.1M USD

+7.4%

Shares outstanding

36.4M

35.6M

−2.4%

Key ratios

FY Aug 2021

FY Aug 2022

FY Aug 2023

FY Aug 2024

FY Aug 2025

Change

Gross margin

50.6%

52.8%

53.3%

54.1%

52.7%

▼ 1.3 pts

Operating margin

29.8%

25.8%

30.2%

31.8%

32.2%

▲ 0.4 pts

Net margin

25.1%

21.5%

22.4%

24.4%

25.7%

▲ 1.3 pts

Return on assets (ROA)

18.0%

9.9%

11.8%

13.2%

13.9%

▲ 0.6 pts

Return on equity (ROE)

39.3%

29.8%

28.9%

28.1%

27.3%

▼ 0.8 pts

Free cash flow margin

31.0%

26.4%

28.0%

27.9%

26.6%

▼ 1.3 pts

Current ratio

2.96×

1.99×

1.59×

1.25×

1.40×

▲ 12%

Debt to equity

0.57×

1.49×

1.00×

0.71×

0.63×

▼ 12%

Interest coverage

58.77×

13.32×

9.49×

10.66×

13.29×

▲ 25%