FactSet Research Systems (FDS) 10-K Summary — Year Ended Aug 31, 2024
FactSet Research Systems Inc. provides financial data and analytics to investment professionals. The filing covers its business, risks, and financial results for the most recent fiscal year.
Key takeaway
Year ended Aug 31, 2024 · FY2025 10-K
FactSet Research Systems Inc. provides financial data and analytics to investment professionals. The filing covers its business, risks, and financial results for the most recent fiscal year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.2B
Revenue reported for the fiscal year.
Operating income
$701.3M
Income from operations reported for the year.
Net income
$537.1M
Net income reported for the year.
Operating cash flow
$700.3M
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% |
| Aug 31, 2024 | $2.2B | +5.6% |
Business overview
The company delivers integrated financial information, analytics, and technology solutions to the global investment community. Its offerings support workflow needs across portfolio management, risk, and performance reporting.
Financial performance
Revenue grew year over year, while operating income and net income both increased. Operating cash flow remained strong.
Material risks
The filing discusses forward-looking statements subject to risks, uncertainties, and assumptions. Specific risk factors are referenced in the Risk Factors section but their details are not provided in the supplied context.
Liquidity and capital
The company has a share repurchase program, with a new 10b5-1 trading arrangement adopted after the fiscal year end, authorizing repurchases of common stock in the open market.
What to watch
Revenue growth trend and operating margin trajectory should be monitored in the next filing.