NYSE: FDS
FactSet
Financials · Services-Computer Programming, Data Processing, Etc.
52-week range
Stock price
Market cap
At each fiscal year end: closing price × shares outstanding.Figures shown are for FY2026, ended Aug 31, 2026. Hover or tap a column for another year.$11.1B
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| Period | Market cap |
|---|---|
| FY2017, ended Aug 31, 2017 | $6.15B |
| FY2018, ended Aug 31, 2018 | $8.73B |
| FY2019, ended Aug 31, 2019 | $10.3B |
| FY2020, ended Aug 31, 2020 | $13.3B |
| FY2021, ended Aug 31, 2021 | $14.3B |
| FY2022, ended Aug 31, 2022 | $16.5B |
| FY2023, ended Aug 31, 2023 | $16.6B |
| FY2024, ended Aug 31, 2024 | $16.1B |
| FY2025, ended Aug 31, 2025 | $14.0B |
| FY2026, ended Aug 31, 2026 | $11.1B |
Revenue
By fiscal year.Figures shown are for FY2026, ended Aug 31, 2026. Hover or tap a column for another year.$2.48B
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| Period | Revenue |
|---|---|
| FY2017, ended Aug 31, 2017 | $1.22B |
| FY2018, ended Aug 31, 2018 | $1.35B |
| FY2019, ended Aug 31, 2019 | $1.44B |
| FY2020, ended Aug 31, 2020 | $1.49B |
| FY2021, ended Aug 31, 2021 | $1.59B |
| FY2022, ended Aug 31, 2022 | $1.84B |
| FY2023, ended Aug 31, 2023 | $2.09B |
| FY2024, ended Aug 31, 2024 | $2.20B |
| FY2025, ended Aug 31, 2025 | $2.32B |
| FY2026, ended Aug 31, 2026 | $2.48B |
Net income and free cash flow
By fiscal year. Free cash flow is operating cash flow minus capex.Figures shown are for FY2026, ended Aug 31, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended Aug 31, 2017 | $258M | $284M |
| FY2018, ended Aug 31, 2018 | $267M | $352M |
| FY2019, ended Aug 31, 2019 | $353M | $368M |
| FY2020, ended Aug 31, 2020 | $373M | $428M |
| FY2021, ended Aug 31, 2021 | $400M | $494M |
| FY2022, ended Aug 31, 2022 | $397M | $487M |
| FY2023, ended Aug 31, 2023 | $468M | $585M |
| FY2024, ended Aug 31, 2024 | $537M | $615M |
| FY2025, ended Aug 31, 2025 | $597M | $617M |
| FY2026, ended Aug 31, 2026 | $533M | $707M |
Cash and cash equivalents
At each fiscal year end.Figures shown are for FY2026, ended Aug 31, 2026. Hover or tap a column for another year.$233M
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| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Aug 31, 2017 | $195M |
| FY2018, ended Aug 31, 2018 | $209M |
| FY2019, ended Aug 31, 2019 | $360M |
| FY2020, ended Aug 31, 2020 | $586M |
| FY2021, ended Aug 31, 2021 | $682M |
| FY2022, ended Aug 31, 2022 | $503M |
| FY2023, ended Aug 31, 2023 | $425M |
| FY2024, ended Aug 31, 2024 | $423M |
| FY2025, ended Aug 31, 2025 | $338M |
| FY2026, ended Aug 31, 2026 | $233M |
Total debt
At each fiscal year end. Short- and long-term borrowings, excluding leases.Figures shown are for FY2026, ended Aug 31, 2026. Hover or tap a column for another year.$1.37B
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| Period | Total debt |
|---|---|
| FY2017, ended Aug 31, 2017 | $575M |
| FY2018, ended Aug 31, 2018 | $575M |
| FY2019, ended Aug 31, 2019 | $574M |
| FY2020, ended Aug 31, 2020 | $574M |
| FY2021, ended Aug 31, 2021 | $575M |
| FY2022, ended Aug 31, 2022 | $1.98B |
| FY2023, ended Aug 31, 2023 | $1.61B |
| FY2024, ended Aug 31, 2024 | $1.37B |
| FY2025, ended Aug 31, 2025 | $1.37B |
| FY2026, ended Aug 31, 2026 | $1.37B |
Shares outstanding
At each fiscal year end, adjusted for splits. Down 9.9% since 2017.Figures shown are for FY2026, ended Aug 31, 2026. Hover or tap a column for another year.35.3M
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| Period | Shares outstanding |
|---|---|
| FY2017, ended Aug 31, 2017 | 39.1M |
| FY2018, ended Aug 31, 2018 | 38.0M |
| FY2019, ended Aug 31, 2019 | 37.9M |
| FY2020, ended Aug 31, 2020 | 38.0M |
| FY2021, ended Aug 31, 2021 | 37.6M |
| FY2022, ended Aug 31, 2022 | 38.1M |
| FY2023, ended Aug 31, 2023 | 38.0M |
| FY2024, ended Aug 31, 2024 | 38.0M |
| FY2025, ended Aug 31, 2025 | 37.5M |
| FY2026, ended Aug 31, 2026 | 35.3M |
Buybacks and new shares
By fiscal year, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for FY2026, ended Aug 31, 2026. Hover or tap a column for another year.Net: $560M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2017, ended Aug 31, 2017 | $261M | $34.2M |
| FY2018, ended Aug 31, 2018 | $304M | $31.5M |
| FY2019, ended Aug 31, 2019 | $220M | $32.4M |
| FY2020, ended Aug 31, 2020 | $200M | $36.6M |
| FY2021, ended Aug 31, 2021 | $265M | $45.1M |
| FY2022, ended Aug 31, 2022 | $18.6M | $56.0M |
| FY2023, ended Aug 31, 2023 | $177M | $62.0M |
| FY2024, ended Aug 31, 2024 | $235M | $63.5M |
| FY2025, ended Aug 31, 2025 | $300M | $61.2M |
| FY2026, ended Aug 31, 2026 | $644M | $84.1M |
Revenue (TTM)
$2.48B
+6.7% YoY
Net income (TTM)
$533M
−10.6% YoY
Cash
$233M
−30.9% YoY
Total debt
$1.37B
+0.1% YoY
Valuation
At current price- Market Cap
- $11.6B
- P/E
- 21.8×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 4.7×
- Price / Book
- 5.8×
- EV / EBITDA
- 14.5×
Growth
Trailing 12 months- Revenue (TTM)
- $2.48B
- Revenue Growth YoY
- 6.7%
- Revenue CAGR 3Y
- 5.9%
- Revenue CAGR 5Y
- 9.2%
- EPS Growth YoY
- −6.3%
- Net Income Growth YoY
- −10.6%
Profitability
Trailing 12 months- Gross Margin
- 50.6%
- Operating Margin
- 28.3%
- Net Margin
- 21.5%
- FCF Margin
- 28.6%
- Return on Equity
- 25.5%
Earnings
Trailing 12 months- Net Income
- $533M
- EPS (diluted)
- $14.57
- EBITDA
- $881M
- Operating Income
- $700M
Balance Sheet
As of Aug 31, 2026- Cash and cash equivalents
- $233M
- Total Debt
- $1.37B
- Net Debt
- $1.14B
- Total Assets
- $4.14B
- Total Liabilities
- $2.14B
- Shareholders' Equity
- $2.00B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $822M
- Capital Expenditure
- $115M
- Free Cash Flow
- $707M
Dividends and risk
Last 12 months- Dividend Yield
- 1.4%
- Dividend / Share
- $4.52
- Beta (5Y)
- 0.77
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 6.7% year over year, at $2.48B.
Watch
Operating margin narrowed 4.0 pts in a year, to 28.3%.
Strength
Turns 28.6% of revenue into free cash flow.
Strength
Share count is down 5.9% in a year, from buybacks.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Aug 31, 2026 · filed Oct 20, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K49Some concerns
10-K for the fiscal year ended Aug 31, 2025
Filed Oct 22, 2025 · Read the filing on EDGAR
- Revenue rose 5.4% to $2.32 billion, operating income rose 6.7% to $748.3 million, and net income rose 11.2%, helped by a divestiture gain.
- The IT controls material weakness remains unfixed for a second year, though narrower; FactSet expects to finish remediation in fiscal 2026.
- FactSet bought Irwin and LiquidityBook, refinanced with a new $500 million term loan and $1 billion revolver, and fully resolved the Massachusetts sales tax dispute.
- Shareholder returns rose to $460.4 million, and the board authorized up to $400 million in buybacks through September 2026.
Business momentum
Improving
“Revenues for fiscal 2025 were $2,321.7 million, an increase of 5.4% from the comparable prior year.”
Outlook
Neutral
“will provide us the necessary capital to fund these transactions and achieve our planned growth for the next 12 months and the foreseeable future”
Financial stress
Low
“Our cash flows provided by operating activities, existing cash and cash equivalents, supplemented with our debt borrowings, have been sufficient to fund our operations”
Tone against the previous report
About the same
Red flags
- Serious
Weak internal controls
“our disclosure controls and procedures were not effective as of the end of the annual period covered by this report due to a material weakness in internal control over financial reporting”
Positives
Subscription value kept growing in every region
“As of August 31, 2025, organic annual subscription value ("Organic ASV") totaled $2,370.9 million, an increase of 5.7% over the prior year.”
Strong client retention and more users
“Annual ASV retention was greater than 95% of ASV as of August 31, 2025 and August 31, 2024.”
Strong cash generation funded larger shareholder returns
“We generated free cash flow of $617.5 million during fiscal 2025, an increase of $2.8 million compared with fiscal 2024.”
Concerns
Financial reporting controls still have an unfixed weakness
“While these efforts have resulted in significant progress toward remediating the material weakness, certain deficiencies remain, which management is committed to remediating.”
Profit growth was flattered by a one-time gain and last year's tax charge
“The increase in Net income and Diluted EPS was primarily driven by higher operating income and a gain from the divestiture of a business.”
Core service costs are rising faster than revenue
“Cost of services, when expressed as a percentage of revenues, was 47.3% for fiscal 2025, an increase of 130 basis points compared with fiscal 2024.”
New risks since the previous report
New CEO transition could disrupt the business or cost key staff
“Key management transitions, such as our recent change in Chief Executive Officer, involve inherent risk”
Recent acquisitions may underperform expectations
“We cannot guarantee that our acquired businesses will perform at the levels anticipated.”
Clients are pushing more contractual and regulatory obligations onto FactSet
“Clients are increasingly looking to pass on contractual obligations to us, which may include service level, information and cyber-security requirements and audit rights.”
Class action lawsuit over the CGS identifier business
“a purported class action relating to our acquisition, and operation of, the CGS business”
Tariffs and US-China trade tensions could hurt demand or China operations
“There remains uncertainty surrounding tariffs imposed by the U.S. and China and trade relations between the two countries”
Biggest risks named
- Unremediated material weakness in IT controls over financial reporting
- Cyber-attacks, data breaches and outages, including reliance on one main cloud provider
- Falling behind as AI reshapes products and competition
- Intense competition, client cost-cutting and cheaper or free information sources
- Market declines and the shift to passive investing reducing client demand
Artificial intelligence in this business: Material to the business
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −15 | |
| New risks | −2 | |
| Score | 49 | |
Written by AI (Claude Opus 5.5) from the report’s text. 15 of 15 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Oct 20, 2026 | Pro | |||
| 10-K | Oct 22, 2025 | 49 | Improving | 1 serious | |
| 10-K | Oct 29, 2024 | 46 | Improving | 1 serious1 medium | |
| 10-K | Oct 27, 2023 | 69 | Strong improvement | 1 medium1 minor | |
| 10-K | Oct 21, 2022 | 54 | Mixed | 1 medium1 minor | |
| 10-K | Oct 22, 2021 | 67 | Improving | 1 medium | |
| 10-K | Oct 29, 2020 | 52 | Mixed | 1 minor | |
| 10-K | Oct 30, 2019 | 69 | Strong improvement | 1 medium | |
| 10-K | Oct 30, 2018 | 67 | Improving | 1 medium | |
| 10-K | Oct 30, 2017 | 59 | Mixed | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-K for FY2026 (period ended Aug 31, 2026), filed Oct 20, 2026. View filings on SEC EDGAR