FactSet Research Q4 Earnings: Revenue And Profit Beat, Adds 188 New Clients, Margin Boost And More

FactSet Research Systems Inc (NYSE: FDS) reported fiscal fourth-quarter 2024 sales growth of 4.9% year-on-year to $562.2 million, beating the analyst consensus estimate of $546.81 million. 

Organic revenue from the financial data, analytics, and software solutions provider rose by 5.0% Y/Y to $562.8 million, aided by wealth, banking, institutional asset managers, and asset owners.

Adjusted EPS of $3.74 beat the analyst consensus estimate of $3.62.

As of August 31, the client count was 8,217, a net increase of 188 clients in the past three months. Wealth, corporates, hedge funds, and partners primarily drove the increase. The count includes clients with Annual Subscription Values (ASVs) of $10,000 and more.

Adjusted operating margin improved to 35.8% (+240 bps Y/Y). Adjusted EBITDA fell by 0.4% to $170.5 million.

The company held $492.6 million in cash and equivalents as of August 31, 2024. 

“During a time of technological change and an external environment marked by both uncertainty and opportunity, FactSet’s open platform strategy is resonating with clients seeking growth and efficiency,” said Phil Snow, CEO of FactSet.

FY25 Outlook: FactSet expects a fiscal 2025 revenue outlook of $2.285 billion–$2.305 billion versus $2.301 billion estimate and adjusted EPS of $16.80–$17.40 versus consensus of $17.36.

Factset Research Systems stock gained 5% in the last 12 months.

Price Action: FDS stock is up 0.01% at $446.85 premarket at the last check Thursday.