FactSet Research Systems Inc. (FDS) Stock Analysis
Financial Services · Financial Data & Stock Exchanges · NYSE
FactSet Research Systems Inc. (FDS) posted $2.32B in revenue for fiscal 2025 (up 5.4% year over year), at a 25.7% net margin, and has compounded revenue about 9.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on FactSet Research Systems Inc.
FactSet Research Systems Inc. has grown revenue from $1.13B to $2.32B over the last 10 fiscal years, compounding about 9.2% a year. The most recent year was up 5.4%, so growth has cooled from its longer-run pace.
Net margin sits at 25.7%, up 1.3 points year over year on a 52.7% gross margin. It carries about $1.37B of total debt.
At today's valuation the market is pricing in roughly 3.9% annual free-cash-flow growth — versus the 7.6% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven.
Synthesised from FactSet Research Systems Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
FactSet Research Systems Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $1.22B | $1.35B | $1.44B | $1.49B | $1.59B | $1.84B | $2.09B | $2.20B | $2.32B |
| Gross profit | $639.68M | $654.60M | $690.85M | $771.90M | $798.66M | $805.04M | $972.79M | $1.11B | $1.19B | $1.22B |
| Net income | $338.81M | $258.26M | $267.08M | $352.79M | $372.94M | $399.59M | $396.92M | $468.13M | $537.13M | $597.04M |
| Net margin | 30.1% | 21.1% | 19.8% | 24.6% | 25.0% | 25.1% | 21.5% | 22.4% | 24.4% | 25.7% |
Source: FactSet Research Systems Inc. SEC filings (10-K). 17 years of history available in the interactive view.
FactSet Research Systems Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
What growth is priced into FDS stock?
At today's market cap of $9.36B, FactSet Research Systems Inc. is priced for free-cash-flow growth of about 3.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $617.45M from the FY ending 2025-08-31). For comparison, free cash flow actually grew 7.6%/yr over the last five fiscal years and revenue 9.2%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of FactSet Research Systems Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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FactSet Research Systems Inc. financial history by metric
Compare FactSet Research Systems Inc. with peers
About FactSet Research Systems Inc.
FactSet Research Systems Inc., together with its subsidiaries, operates as a financial digital platform and enterprise solutions provider for the investment community. It offers data, products, and analytical applications; and workstations, portfolio analytics, and enterprise data solutions, as well as managed services for supporting data, performance, risk, and reporting workflows. The company also provides subscription-based financial data and market intelligence on securities, companies, industries, and people that enable clients to research investment ideas, as well as analyze, monitor, and manage portfolios; and solutions covering investment lifecycle of investment research, portfolio construction and analysis, trade execution, performance measurement, risk management, and reporting. In addition, it offers services through configurable desktop and mobile platform, data feeds, cloud-based digital solutions, and application programming interfaces. It operates in Europe, the Middle East, Africa, the Americas, the Asia Pacific, and internationally. The company serves investment professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, and private equity and venture capital professionals. It has a strategic partnership with Google Cloud to create a new generation of AI-powered solutions for the financial industry. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.
FactSet Research Systems Inc. — frequently asked questions
What is FactSet Research Systems Inc.'s revenue?
FactSet Research Systems Inc. (FDS) reported revenue of $2.32B for fiscal year 2025, up 5.4% from the prior year, according to its SEC filings.
Is FactSet Research Systems Inc. profitable?
Yes. FDS earned net income of $597.04M in fiscal 2025, a net margin of 25.7%.
What is FDS's P/E ratio?
FactSet Research Systems Inc. trades at a price-to-earnings ratio of about 17.3 based on the latest data in our nightly-refreshed cache.
How fast is FactSet Research Systems Inc. growing?
FDS's revenue grew at roughly 9.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does FactSet Research Systems Inc. have?
As of fiscal year 2025, FDS carried roughly $1.37B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is FactSet Research Systems Inc.'s gross margin?
FDS's gross margin was 52.7% in fiscal 2025 — gross profit of $1.22B on revenue of $2.32B.
What is FactSet Research Systems Inc.'s market cap?
FactSet Research Systems Inc. (FDS) has a market capitalization of about $9.36B, based on the latest data in our nightly-refreshed cache.
When does FactSet Research Systems Inc.'s fiscal year end?
FDS's fiscal year ends in August. Its most recent annual filing covers the fiscal year ending 2025-08-31.
What growth is priced into FDS stock?
At today's market cap of $9.36B, FactSet Research Systems Inc. is priced for free-cash-flow growth of about 3.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $617.45M from the FY ending 2025-08-31). For comparison, free cash flow actually grew 7.6%/yr over the last five fiscal years and revenue 9.2%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from FactSet Research Systems Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.