OverviewSuggest Edit
FactSet Research Systems is a company specializing in financial data and software solutions for investment professionals. It operates in three segments: Research & Advisory, Analytics & Trading, and Content and Technology Solutions (CTS). The Research & Advisory segment aims to personalize and automate aspects of the research process, providing idea generation, company and market analysis, presentation building and distribution, and research management. The Analytics & Trading segment provides solutions for institutional asset managers and asset owners across the investment portfolio lifecycle, connecting front and middle office investment functions. The CTS segment focuses on data delivery services providing structured data through APIs and cloud infrastructures. FactSet serves asset managers, asset owners, wealth managers, hedge funds, corporate firms, channel partners, broker-dealers, as well as banking and advisory, private equity, and venture capital firms.
| Type | Public | |
| Founded | 1978 | |
| HQ | Norwalk, CT, US | Map |
| Website | factset.com | |
| Employee Ratings | More | |
| Overall Culture | A- | More |
Key People/Management at FactSet
Philip Snow
Chief Executive Officer
Gene Fernandez
Chief Technology and Content Officer
Daniel Viens
Chief Human Resources Officer
John Costigan
Chief Content Officer
Linda Huber
Chief Financial Officer
Rachel R. Stern
Chief Legal Officer and Global Head of Strategic Resources
FactSet Office Locations
FactSet has offices in Norwalk, Austin, Boston, Chicago and in 28 other locations
Norwalk, CT, US (HQ)
45 Glover Ave 7th Floor
Austin, TX, US
816 Congress Ave #800
Boston, MA, US
53 State St
Chicago, IL, US
181 W Madison St #3300
Jackson, WY, US
1135 Maple Way
Los Angeles, CA, US
800 Wilshire Blvd #550
FactSet Financials and Metrics
FactSet Revenue
FactSet's revenue was reported to be $1.59 b in FY, 2021 which is a 6.5% increase from the previous period.
| USD | |
|---|---|
Revenue (Q1, 2022) | 424.7m |
Gross profit (Q1, 2022) | 217.6m |
Gross profit margin (Q1, 2022), % | 51.2% |
Net income (Q1, 2022) | 107.6m |
EBIT (Q1, 2022) | 122.7m |
Market capitalization (1-May-2022) | 15.3b |
Closing stock price (1-May-2022) | 403.5 |
Cash (30-Nov-2021) | 673.9m |
EV | 15.5b |
FactSet's current market capitalization is $15.3 b.
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 351.6m | 354.9m | 364.5m | 366.7m | 369.8m | 374.1m | 388.2m | 391.8m | 399.6m | 424.7m |
Cost of goods sold | 166.8m | 165.1m | 163.8m | 165.0m | 176.2m | 170.7m | 188.1m | 195.5m | 205.3m | 207.1m |
Gross profit | 184.9m | 189.8m | 200.7m | 201.7m | 193.6m | 203.4m | 200.1m | 196.3m | 194.3m | 217.6m |
Gross profit Margin, % | 53% | 53% | 55% | 55% | 52% | 54% | 52% | 50% | 49% | 51% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 170.4m | 218.3m | 324.0m | 336.2m | 343.5m | 457.7m | 560.1m | 602.7m | 658.3m | 673.9m |
Accounts Receivable | 159.9m | 176.4m | 153.5m | 145.4m | 168.1m | 151.4m | 156.2m | 171.6m | 161.1m | 157.4m |
Prepaid Expenses | 33.4m | 40.5m | 10.4m | 38.5m | 39.7m | 34.5m | 43.7m | 53.3m | 52.8m | 58.4m |
Current Assets | 391.2m | 488.0m | 549.2m | 546.2m | 601.1m | 708.4m | 804.1m | 867.7m | 920.1m | 948.6m |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 84.3m | 169.0m | 261.3m | 94.0m | 182.6m | 283.9m | 101.2m | 197.8m | 298.5m | 107.6m |
Depreciation and Amortization | 14.2m | 29.1m | 43.9m | 14.4m | 28.3m | 41.3m | 26.0m | 52.5m | 80.4m | 30.5m |
Accounts Payable | (10.5m) | (5.4m) | (4.8m) | 13.2m | 10.4m | 10.4m | 2.2m | (724.0k) | (1.7m) | 20.7m |
Cash From Operating Activities | 46.3m | 145.6m | 305.3m | 95.8m | 195.5m | 346.4m | 89.3m | 229.9m | 370.2m | 72.9m |
| USD | Q1, 2019 |
|---|---|
Revenue/Employee | 36.6k |
Debt/Equity | 1.1 x |
Debt/Assets | 0.4 x |
Financial Leverage | 2.5 x |
FactSet Operating Metrics
FactSet's Enterprise Customers was reported to be 6.8 k in Q1, 2022. FactSet's Users was reported to be 162.2 k in Q1, 2022.
| FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | FY, 2021 | Q1, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Annual Subscription Value | $963.6 m | $970.2 m | $1 b | $1.02 b | $1.06 b | $1.11 b | $1.14 b | $1.16 b | $1.15 b | $1.17 b | $1.19 b | $1.28 b | $1.32 b | $1.32 b | $1.35 b | $1.36 b | $1.39 b | $1.42 b | $1.44 b | $1.42 b | $1.46 b | $1.45 b | $1.48 b | $1.49 b | $1.54 b | $1.53 b | $1.59 b | $1.61 b | $1.69 b | $1.7 b |
Enterprise Customers | 2.74 k | 2.76 k | 2.87 k | 2.92 k | 2.98 k | 3.01 k | 3.06 k | 3.08 k | 3.09 k | 3.12 k | 4.4 k | 4.63 k | 4.74 k | 4.81 k | 4.9 k | 4.98 k | 5.14 k | 5.3 k | 5.41 k | 5.46 k | 5.57 k | 5.6 k | 5.69 k | 5.74 k | 5.88 k | 5.94 k | 6.1 k | 6.17 k | 6.45 k | 6.76 k |
Users | 54.6 k | 55.59 k | 57.41 k | 59 k | 62.21 k | 63.17 k | 63.5 k | 63.54 k | 65.66 k | 66.96 k | 85.79 k | 86.03 k | 88.85 k | 88.59 k | 88.65 k | 89.51 k | 91.9 k | 115.21 k | 122.06 k | 122.95 k | 126.82 k | 126.79 k | 128.9 k | 131.1 k | 133.05 k | 138.24 k | 153.36 k | 155 k | 160.93 k | 162.16 k |
FactSet Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| CUSIP Global Services | December 27, 2021 | $1.9 b |
| Cobalt Software | October 13, 2021 | |
| BTU Analytics | July 14, 2021 | |
| TruValue Labs | October 20, 2020 | |
| FDSG | December 31, 2017 | |
| BI-SAM Technologies | March 20, 2017 | $205.2 m |
| Interactive Data Managed Solutions | January 27, 2017 | |
| CYMBA Technologies Limited | December 20, 2016 | |
| Vermilion Software Ltd. | December 20, 2016 | |
| Portware | September 22, 2015 | $265 m |
FactSet Revenue Breakdown
FactSet revenue breakdown by geographic segment: 26.9% from Europe, 63.3% from U.S. and 9.8% from Asia Pacific
FactSet Cybersecurity Score
FactSet Environment, Social & Governance (ESG) Ratings
FactSet Online and Social Media Presence
97.84k Twitter followers
FactSet has 97.84k Twitter Followers. The number of followers has increased 1.6% month over month and increased 3.5% quarter over quarter
FactSet's Trends
Twitter Engagement Stats for @factset
17.8k
Tweets
268
Following
97.8k
Followers
190
Tweets last 30 days
9.8
Avg. likes per Tweet
93.7%
Tweets with engagement
FactSet Company Culture
Overall Culture
A-
74/100
CEO Rating
A
78/100
Compensation
C
63/100
Diversity
B+
75/100
FactSet News and Updates
March 24, 2022
FactSet Reports Results for Second Quarter 2022
NORWALK, Conn., March 24, 2022 (GLOBE NEWSWIRE) -- FactSet ("FactSet" or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, today announced results for its second quarter ended February 28, 2022.
March 23, 2022
FactSet Appoints Maria Teresa Tejada to Board of Directors
NORWALK, Conn., March 23, 2022 (GLOBE NEWSWIRE) -- FactSet Research Systems Inc. (NYSE: FDS | NASDAQ: FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced the appointment of Maria Teresa Tejada to its Board of Director…
February 28, 2022
FactSet Schedules Second Quarter 2022 Earnings Call
NORWALK, Conn., Feb. 28, 2022 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that it will release its financial and operating results for the second quarter fiscal…
February 23, 2022
FactSet and BlackRock Now Partnering to Offer Portware’s EMS Capabilities with Aladdin
NORWALK, Conn., Feb. 23, 2022 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (NASDAQ:FDS) and BlackRock (NYSE:BLK) today announced that they have entered into a multi-year partnership to integrate Portware’s execution management system (EMS) capabilities with the Aladdin® platform, BlackRock’s end-to-end …
February 15, 2022
FactSet Prices $1,000,000,000 of Senior Notes
NORWALK, Conn., Feb. 15, 2022 (GLOBE NEWSWIRE) -- FactSet Research Systems Inc. (NYSE: FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced that it has priced a registered public offering of $500,000,000 a…
February 15, 2022
FactSet Announces Commencement of Senior Notes Offering
NORWALK, Conn., Feb. 15, 2022 (GLOBE NEWSWIRE) -- FactSet Research Systems Inc. (NYSE: FDS) (NASDAQ: FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, announced today the commencement of an offering of a series of five-year senior …
FactSet Blogs
May 17, 2022
ESG Academic Network Roundtable Part I: Analyzing Market Reactions to ESG News
Recently FactSet held its fourth annual (virtual) ESG Academic Network Roundtable, where leading academics from world-class universities presented environmental, social, and governance (ESG) research findings leveraging FactSet’s Truvalue Labs' data alongside other datasets. This is the fir…
May 16, 2022
S&P 500 Forward P/E Ratio Falls Below 10-Year Average for the First Time Since Q2 2020
On May 12, the closing price for the S&P 500 was 3930.08 and the forward 12-month EPS estimate for the index was $237.18. Based on this closing price and EPS estimate, the forward 12-month P/E ratio for the S&P 500 on that date was 16.6. How does this 16.6 P/E ratio compare to histo…
May 13, 2022
85% of S&P 500 Companies Are Citing “Inflation” on Q1 Earnings Calls
The market continues to be concerned about higher inflation. Consumer prices increased by 8.3% in April, which was the second largest (year-over-year) increase since 1982. In light of recent high inflation numbers, have more S&P 500 companies than normal commented on inflation during th…
May 12, 2022
Is SOFR Superseding LIBOR as the Chosen One in the Bond Market?
With the cessation date of the remaining USD LIBOR (London Interbank Offered Rate) settings a year away, it is surprising to see how much work is yet to be done and how different market players are reacting to USD LIBOR and its successor, the Secured Overnight Financing Rate (SOFR). While i…
May 12, 2022
CIMalgo Selects FactSet’s Quant Factor Library to Power Analytics Platform
NORWALK, Conn., May 12, 2022 – FactSet (NYSE: FDS) (NASDAQ: FDS), a global provider of integrated financial information, analytical applications, and industry-leading service, announced that CIMalgo, a fintech research and development company for the investment management industry, has integrated Fa…
May 11, 2022
Blockchain + AI in Finance: How Opposites Attract
Blockchain and artificial intelligence (AI) may sound like something out of a science fiction movie, but in reality, they are transforming the financial services industry before our eyes. But what exactly are blockchain and AI?
FactSet Frequently Asked Questions
When was FactSet founded?
FactSet was founded in 1978.
Who are FactSet key executives?
FactSet's key executives are Philip Snow, Gene Fernandez and Daniel Viens.
How many employees does FactSet have?
FactSet has 10,898 employees.
What is FactSet revenue?
Latest FactSet annual revenue is $1.6 b.
What is FactSet revenue per employee?
Latest FactSet revenue per employee is $146 k.
Who are FactSet competitors?
Competitors of FactSet include SimCorp, ITRex and BlackRock.
Where is FactSet headquarters?
FactSet headquarters is located at 45 Glover Ave 7th Floor, Norwalk.
Where are FactSet offices?
FactSet has offices in Norwalk, Austin, Boston, Chicago and in 28 other locations.
How many offices does FactSet have?
FactSet has 34 offices.
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