FactSet Research Systems Inc. Files Q1 2025 10-Q

TL;DR

FactSet's Q1 2025 10-Q is in. Check financials.

AI Summary

FactSet Research Systems Inc. filed its 10-Q for the period ending November 30, 2024. The filing details the company's financial performance and position. Key financial data points and disclosures relevant to investors are included in this report.

Why It Matters

This 10-Q filing provides investors with the latest financial snapshot of FactSet Research Systems Inc., crucial for understanding the company's performance and making informed investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new or elevated risks.

Key Players & Entities

• FACTSET RESEARCH SYSTEMS INC (company) — Filer
• 2024-11-30 (date) — Period of Report
• 2025-01-08 (date) — Filed as of Date
• 45 GLOVER AVENUE NORWALK CT 06850 (address) — Business and Mail Address
• 2038101000 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 Par Value FDS New York Stock Exchange L

Filing Documents

• fds-20241130.htm (10-Q) — 1336KB
• fds-2025x1130xexx311.htm (EX-31.1) — 10KB
• fds-2025x1130xexx312.htm (EX-31.2) — 10KB
• fds-2025x1130xexx321.htm (EX-32.1) — 4KB
• fds-2025x1130xexx322.htm (EX-32.2) — 5KB
• fds-20241130_g1.jpg (GRAPHIC) — 3KB
• 0001013237-25-000010.txt ( ) — 7935KB
• fds-20241130.xsd (EX-101.SCH) — 48KB
• fds-20241130_cal.xml (EX-101.CAL) — 84KB
• fds-20241130_def.xml (EX-101.DEF) — 292KB
• fds-20241130_lab.xml (EX-101.LAB) — 644KB
• fds-20241130_pre.xml (EX-101.PRE) — 512KB
• fds-20241130_htm.xml (XML) — 1153KB

Financial Statements

Financial Statements Consolidated Statements of Income for the three months ended November 30, 2024 and November 30, 2023 4 Consolidated Statements of Comprehensive Income for the three months ended November 30, 2024 and November 30, 2023 5 Consolidated Balance Sheets at November 30, 2024 and August 31, 2024 6 Consolidated Statements of Cash Flows for the three months ended November 30, 2024 and November 30, 2023 7 Consolidated Statements of Changes in Stockholders' Equity for the three months ended November 30, 2024 and November 30, 2023 8 Notes to the Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 33 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 47 Item 4.

Controls and Procedures

Controls and Procedures 49 P ART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 50 Item 1A.

Risk Factors

Risk Factors 50 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 51 Item 3. Defaults Upon Senior Securities 51 Item 4. Mine Safety Disclosures 51 Item 5. Other Information 51 Item 6. Exhibits 52

Signatures

Signatures 53 For additional information about FactSet Research Systems Inc. and access to its Annual Reports to Stockholders and Securities and Exchange Commission filings, free of charge, please visit FactSet's website ( https://investor.factset.com) . Any information on or linked from the website is not incorporated by reference into this Quarterly Report on Form 10-Q. 2 Table of Content s Special Note Regarding Forward-Looking Statements FactSet Research Systems Inc. has made statements under the captions Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations, Part II, Item 1A. Risk Factors, and in other sections of this Quarterly Report on Form 10-Q for the three months ended November 30, 2024, that are forward-looking statements. In some cases, you can identify these statements by words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "intends," "projects," "indicates," "predicts," "potential," or "continue," and similar expressions. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance and anticipated trends in our business. These statements are only predictions based on our current expectations, estimates, forecasts and projections about future events. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. There are many important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the numerous factors discussed under Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the fiscal year ended August 31, 2024, that should be specifically considered. Although we believe the expe

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS FactSet Research Systems Inc. Consolidated Statements of Income – Unaudited Three Months Ended November 30, (in thousands, except per share data) 2024 2023 Revenues $ 568,667 $ 542,216 Operating expenses Cost of services 258,779 251,621 Selling, general and administrative 118,553 101,555 Total operating expenses 377,332 353,176 Operating income 191,335 189,040 Other income (expense), net Interest income 2,701 3,012 Interest expense ( 14,400 ) ( 16,738 ) Other income (expense), net 103 ( 118 ) Total other income (expense), net ( 11,596 ) ( 13,844 ) Income before income taxes 179,739 175,196 Provision for income taxes 29,717 26,641 Net income $ 150,022 $ 148,555 Basic earnings per common share $ 3.95 $ 3.91 Diluted earnings per common share $ 3.89 $ 3.84 Basic weighted average common shares 38,005 38,016 Diluted weighted average common shares 38,517 38,643 The accompanying notes are an integral part of these Consolidated Financial Statements. 4 Table of Content s FactSet Research Systems Inc. Consolidated Statements of Comprehensive Income – Unaudited Three Months Ended November 30, (in thousands) 2024 2023 Net income $ 150,022 $ 148,555 Other comprehensive income (loss), net of tax Net unrealized gain (loss) on cash flow hedges (1) ( 3,189 ) ( 1,654 ) Foreign currency translation adjustment gains (losses) ( 17,619 ) 1,908 Other comprehensive income (loss) ( 20,808 ) 254 Comprehensive income $ 129,214 $ 148,809 (1) Presented net of a tax benefit of $ 1,105 thousand and $ 588 thousand for the three months ended November 30, 2024 and November 30, 2023, respectively. The accompanying notes are an integral part of these Consolidated Financial Statements. 5 Table of Content s FactSet Research Systems Inc. Consolidated Balance Sheets – Unaudited (in thousands, except share data) November 30, 2024 August 31, 2024 ASSETS Cash and cash equivalents $ 289,168 $ 422,979 Investments 69,62

View Full Filing

View this 10-Q filing on SEC EDGAR