FDSFACTSET RESEARCH SYSTEMS INC
Services-Computer Programming, Data Processing, Etc.
- Revenue
- $2.5B
- 6.7% YoY
- Operating margin
- 28.3%
- 12% YoY
- EBITDA
- $881M
- 2.8% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.3×
- $1.1B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear154% of net incomeCash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear98% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear31% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.8B | $2.1B | $2.2B | $2.3B | $2.5B | 6.7% |
| Operating income | $475M | $629M | $701M | $748M | $700M | 6.5% |
| Net income | $397M | $468M | $537M | $597M | $533M | 11% |
| Operating cash flow | $538M | $646M | $700M | $726M | $822M | 13% |
| Capex | $51M | $61M | $86M | $109M | $115M | 5.4% |
| Stock-based comp | $56M | $62M | $64M | $61M | $84M | 37% |
| Buybacks | $19M | $177M | $235M | $300M | $644M | 114% |
| Dividends | $126M | $139M | $151M | $160M | $164M | 2.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 87 | 168 |
| FY2025 | — | — | 102 | 153 |
| FY2024 | — | — | 114 | 120 |
| FY2023 | — | — | 117 | 88 |
| FY2022 | — | — | 115 | 84 |