FactSet (FDS) reaffirms its fiscal 2025 guidance

FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, today will host an Investor Day to provide an in-depth look into the Company’s strategic priorities and financial outlook, and also preview its new innovations and tailored workflow solutions.

“Our clients’ demand for connected, quality data to support financial decision-making has never been clearer,” said Phil Snow, Chief Executive Officer of FactSet. “As a trusted enterprise partner with a broad data and technology ecosystem, we are uniquely positioned to unlock value for our clients’ workflows to supercharge their financial intelligence and capture opportunities in a growing market.”

FactSet Investor Day 2024 will highlight:

• •FactSet’s differentiated solutions and market-leading franchises: Through its flexible data, technology, and AI-powered workflow solutions, FactSet fuels critical decisions for the global financial community. FactSet products are supercharging workflows for clients, including 95 of the top 100 asset managers, approximately 75% of the top 50 global investment banks, and 100K+ advisor desktops.
• •A large and growing addressable market: FactSet today has a total addressable market of $40B+ and through its open, multi-cloud approach enhanced with AI, FactSet is the enterprise partner of choice.
• •Multiple growth avenues: FactSet’s growth strategy is focused on expanding and deepening client relationships; innovating with new products and technologies; enhancing AI and analytics capabilities; and increasing its footprint through core product offerings.
• •Operating discipline and a strong financial foundation: FactSet is building on its proven track record of consistent growth through all economic cycles by maintaining a disciplined capital allocation framework of sustained organic investment, return of capital to shareholders, and a strategic approach to M&A to drive sustainable growth acceleration and value creation.

FactSet reaffirms its fiscal 2025 guidance and continues to expect:

• •Organic ASV in the range of $90 million to $140 million
• •GAAP revenues in the range of $2,285 million to $2,305 million
• •GAAP operating margin in the range of 32.5% to 33.5%
• •Adjusted operating margin in the range of 36.0% to 37.0%
• •Annual effective tax rate in the range of 17% to 18%
• •GAAP diluted EPS in the range of $15.10 to $15.70
• •Adjusted diluted EPS in the range of $16.80 to $17.40

Please see below for a reconciliation of GAAP to adjusted metrics.

FactSet announces its new medium-term outlook:
•Organic ASV growth of mid-to-high single digits on average annually through fiscal 2028
•Adjusted operating margin of 37% to 38% by year end fiscal 2028

•Adjusted diluted EPS growth of high single digits to low double digits on average annually through fiscal 2028
FactSet’s Investor Day will include presentations and discussions from:

• •Phil Snow, Chief Executive Officer
• •Helen Shan, Chief Financial Officer
• •Goran Skoko, Chief Revenue Officer
• •Kate Stepp, Chief Technology Officer
• •John Costigan, Chief Data Officer
• •Kristina Karnovsky, Head of Dealmakers & Wealth
• •Rob Robie, Head of Institutional Buy-Side

Webcast Replay
The event is by invitation only, and registration is required. Analysts and institutional investors interested in attending the event virtually or in person can request an invitation at factset.com/ID24. A webcast recording with accompanying slides will be available at investor.factset.com.

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