FactSet Research Systems (FDS) 10-K Summary — Year Ended Aug 31, 2023
FactSet Research Systems Inc. provides financial data and analytics. The company reported revenue growth and positive cash generation for its most recent fiscal year.
Key takeaway
Year ended Aug 31, 2023 · FY2025 10-K
FactSet Research Systems Inc. provides financial data and analytics. The company reported revenue growth and positive cash generation for its most recent fiscal year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.1B
Revenue reported for the fiscal year.
Operating income
$629.2M
Income from operations reported for the year.
Net income
$468.2M
Net income reported for the year.
Operating cash flow
$645.6M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 31, 2021 | $1.6B | n/a |
| Aug 31, 2022 | $1.8B | +15.9% |
| Aug 31, 2023 | $2.1B | +13.1% |
Business overview
FactSet operates as a provider of integrated financial information and analytical applications to the global investment community. The company’s offerings include data, analytics, and technology solutions for investment professionals. The business overview section outlines its market position and product scope.
Financial performance
Revenue increased compared to the prior year, and both operating income and net income were reported at substantial levels. Cash flow from operations also remained strong, supporting the company’s financial stability.
Material risks
The filing identifies general risk factors typical for a data and analytics company, including competitive pressures, technology changes, and data integrity concerns. No specific material risks beyond those standard to the industry are highlighted.
Liquidity and capital
The company disclosed a share repurchase program adopted under Rule 10b5-1, authorizing open-market purchases over the coming twelve-month period, as detailed in the liquidity and capital resources section.
What to watch
Investors should monitor the execution of the Rule 10b5-1 share repurchase plan and its impact on the company’s diluted share count.