FactSet Surpasses Expectations in Q1, Confirms 2025 Outlook

NEW YORK - FactSet Research Systems Inc. (NYSE:FDS) (NASDAQ:FDS) announced first-quarter results on Thursday that exceeded expectations and confirmed its full-year guidance for fiscal 2025. The financial data and analytics company reported adjusted earnings of $4.37 per share, surpassing analyst estimates of $4.25. Revenue increased by 4.9% year-over-year to $568.7 million, also exceeding expectations of $565.1 million.

CEO Phil Snow stated, "Customers increasingly see us as a preferred partner to drive higher productivity and uncover efficiencies across their enterprise workflows."

Organic revenue, excluding acquisitions and currency effects, grew by 4.7% during the quarter. Annual Subscription Value (ASV) increased organically by 4.5% to $2.26 billion.

FactSet maintained its fiscal 2025 outlook, projecting adjusted earnings of $16.80-$17.40 per share compared to consensus estimates of $17.19. The revenue guidance is set in the range of $2.29-$2.31 billion, consistent with consensus estimates of $2.3 billion.

The company's operating margin declined to 33.6% from 34.9% last year, primarily due to higher depreciation and professional fees. However, the adjusted operating margin remained stable at 37.6%.

FactSet repurchased 104,475 shares worth $48.8 million at an average price of $467 per share during the quarter. As of November 30, $251.2 million remained available under the share repurchase program.

CFO Helen Shan remarked, "We started fiscal 2025 on a strong note, achieving solid operating performance through sustained cost discipline and our growth initiatives and capital strategy."