FactSet Research Systems Inc. Reports Strong Growth in 2025 Annual Financial Report

FactSet operates a comprehensive platform providing financial intelligence to investment professionals worldwide. As of August 31, 2025, the company served approximately 9,000 clients, including over 237,000 investment professionals in sectors such as institutional asset management, banking, wealth management, and private equity. FactSet's revenue primarily derives from subscription services, including workstations, portfolio analytics, and enterprise data solutions.

FactSet's financial performance for fiscal 2025 showcased a notable resurgence, with revenues reaching $2,321.7 million, marking a 5.4% increase from the previous year. This growth was driven by:

The most significant revenue growth was observed in the Americas segment, which accounted for $1.5 billion of total revenue, primarily from enhanced workstation offerings.

The following chart illustrates the revenue distribution by geography for 2025:

Additionally, the revenue distribution by segments in 2025 is depicted below:

Organic Annual Subscription Value (Organic ASV) reached $2,370.9 million, reflecting a 5.7% increase, predominantly driven by workstations and data solutions.

FactSet's operating margin improved to 32.2%, up from 31.8% in the previous year, attributed to revenue growth and the absence of prior-year tax dispute charges. Net income surged 11.2% to $597.0 million, with diluted earnings per share rising to $15.55—an increase of 11.8%.

The company experienced substantial growth in its client base, reaching 8,996 clients—a net increase of 9.5% or 779 clients. This growth was largely fueled by corporate client acquisitions, particularly from the purchase of Platform Group Limited ("Irwin"). The user count saw a rise to 237,324, reflecting a 9.7% increase.

Annual ASV retention remained robust at over 95%, with client retention improving to 91%.

FactSet's workforce expanded by 3.2%, reaching 12,800 employees. The majority of this growth occurred in technology and sales divisions, driven by investments in Centers of Excellence (COEs) and recent acquisitions.

In fiscal 2025, FactSet completed two significant acquisitions: LiquidityBook for $243.2 million, which enhances its cloud-native trading solutions, and Irwin for $120.2 million, broadening its offerings in investor relations and capital markets.

Capital expenditures rose by 27.0% to $108.8 million, primarily due to investments in developing internal-use software.

FactSet returned $460.4 million to stockholders through share repurchases and dividends. The company repurchased 684,960 shares for $300.5 million and paid $160.0 million in dividends, reflecting a 6% increase in the regular quarterly dividend.

FactSet Research Systems Inc. demonstrated solid growth in fiscal 2025, driven by increased revenues, client additions, and strategic acquisitions. The company's focus on enhancing its technology offerings and expanding its client base positions it well for future growth in the financial services sector. As the company continues to innovate and adapt to the evolving market, stakeholders can anticipate a positive trajectory ahead.

The following financial statements summarize FactSet's performance:

With these results, FactSet remains a pivotal player in the financial technology landscape, poised for continued success in the forthcoming years.