FDSNYSEServices-Computer Programming, Data Processing, Etc.Fiscal year ends August 31
FACTSET RESEARCH SYSTEMS INC
Financials through Q3 FY2026, quarter ended May 31, 2026Last filing: 10-K on Oct 20, 2026
$303.21+1.54 (+0.51%)
Close on Oct 19, 2026
- Market cap
- $10.97B
- P/E (TTM)
- 20.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
52.7%−0.7 pts over 5 years
Operating margin
32.2%+2.8 pts over 5 years
Net margin
25.7%+0.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.4% | +8.0% | +9.2% | +8.7% | |
| Gross profit | +2.8% | +8.0% | +8.9% | +7.4% | |
| Operating income | +6.7% | +16.3% | +11.2% | +8.5% | |
| Net income | +11.2% | +14.6% | +9.9% | +9.5% | |
| EPS, diluted | +11.8% | +14.9% | +10.0% | +10.5% | |
| Free cash flow | +0.5% | +8.2% | +7.6% | +8.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 64.6% | 47.5% | 29.1% | |
| Return on assets | 38.6% | 20.5% | 14.3% | |
| Current ratio | 2.33 | 3.05 | 1.40 | |
| Debt to equity | – | – | 0.63 | |
| Net debt to EBITDA | – | – | 1.14× | |
| Interest coverage | – | 34.1× | 13.3× | |
| Capex to revenue | 4.2% | 5.2% | 4.7% | |
| Diluted shares | 41M | 39M | 38M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Factset Research Systems generated $3.17B from operations and spent $2.06B on capital expenditure, dividends and share buybacks. 18% of that went back into the business.
Generated
$3.17B
Used
$2.06B
Capital expenditure$367.75M18%Dividends$693.10M34%Share buybacks$995.75M48%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin25.7%
×Asset turnover0.56×
×Equity multiplier2.04×
=Return on equity, FY202529.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 25.7% | 0.56× | 2.04× | 29.1% |
| FY2024 | 24.4% | 0.55× | 2.27× | 30.4% |
| FY2023 | 22.4% | 0.52× | 2.70× | 31.7% |
| FY2022 | 21.5% | 0.59× | 2.66× | 33.8% |
| FY2021 | 25.1% | 0.74× | 2.25× | 41.8% |
| FY2020 | 25.0% | 0.82× | 2.32× | 47.5% |
| FY2019 | 24.6% | 0.96× | 2.49× | 58.9% |
| FY2018 | 19.8% | 0.95× | 2.61× | 49.2% |
| FY2017 | 21.1% | 1.00× | 2.26× | 48.0% |
| FY2016 | 30.1% | 1.28× | 1.67× | 64.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$597.04M
- Cash generatingOperating cash flow above zero$726.26M
- Return on assets improvedROA up on the prior year13.6% → 14.7%
- Earnings backed by cashOperating cash flow above net income$726.26M vs $597.04M
- Less leverageLong-term debt to assets fell30.6% → 31.8%
- Better liquidityCurrent ratio rose1.25 → 1.40
- No dilutionShare count did not rise39M → 38M
- Gross margin improvedGross margin up on the prior year54.07% → 52.72%
- More efficientAsset turnover rose0.56 → 0.57