FA1 Balance Sheet - Factset Research Systems Inc

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Price: 292.7 EUR -1.01% Market Closed

Market Cap: €11.1B

Financial profile · FY2026

Recurring subscription growth and cash generation, with recent margin pressure

FactSet has a subscription-led model that has delivered steady multi-year revenue growth and substantial operating cash generation with comparatively modest capital spending. Historically high operating profitability supports that cash generation, while share repurchases have reduced the diluted share count.

What is developing

Fiscal 2026 sustained revenue growth and increased free cash flow, but operating income and net income declined as costs rose faster than revenue. This is a meaningful profitability squeeze, while continued revenue growth and cash generation leave the established subscription-and-cash-generation profile intact.

What matters next

Whether operating margins stabilize as restructuring and compensation-related costs recede or change.

Metric	FY2017 Aug 2017	FY2018 Aug 2018	FY2019 Aug 2019	FY2020 Aug 2020	FY2021 Aug 2021	FY2022 Aug 2022	FY2023 Aug 2023	FY2024 Aug 2024	FY2025 Aug 2025	FY2026 Aug 2026
Cash & Cash Equivalents	194.7m	208.6m	359.8m	585.6m	681.9m	503.3m	425.4m	423m	337.7m	233.3m
Cash Equivalents	194.7m	208.6m	359.8m	585.6m	681.9m	503.3m	425.4m	423m	337.7m	233.3m
Short-Term Investments	32.4m	29.3m	25.8m	19.6m	36m	33.2m	32.2m	69.6m	17.4m	32m
Total Receivables	148.3m	156.6m	146.3m	155m	151.2m	204.1m	237.7m	228.1m	270.7m	298.6m
Accounts Receivables	148.3m	156.6m	146.3m	155m	151.2m	204.1m	237.7m	228.1m	270.7m	298.6m
Other Receivables	0	0	0	0	0	0	0	0	0	0
Other Current Assets	33.9m	36.4m	51.9m	81.7m	64.5m	129.8m	74.8m	115.2m	104m	87.9m
Total Current Assets	409.4m	430.9m	583.8m	841.9m	933.6m	870.3m	770.1m	835.8m	729.8m	651.9m
PP&E Net	100.5m	100.5m	132.5m	382m	370.4m	240.3m	227.9m	213m	207m	192.5m
PP&E Gross	100.5m	100.5m	132.5m	382m	370.4m	240.3m	227.9m	213m	207m	—
Accumulated Depreciation	(194m)	(245.3m)	(225.9m)	(233.9m)	(260.8m)	(266.2m)	(114.1m)	(126.5m)	(144.9m)	—
Intangible Assets	173.5m	148.9m	120.6m	121.1m	135m	1.9B	1.9B	1.8B	1.9B	1.8B
Goodwill	707.6m	701.8m	685.7m	709.7m	754.2m	965.8m	1B	1B	1.3B	1.3B
Other Long-Term Assets	22.4m	37.2m	37.5m	28.6m	31.7m	41.9m	100.9m	150.9m	166.7m	163.1m
Other Assets	707.6m	701.8m	685.7m	709.7m	754.2m	965.8m	1B	1B	1.3B	1.3B
Total Assets	1.4B	1.4B	1.6B	2.1B	2.2B	4B	4B	4.1B	4.3B	4.1B
Accounts Payable	59.2m	70.3m	76m	82.1m	85.8m	108.4m	121.8m	178.3m	135.3m	136.1m
Accrued Liabilities	61.1m	66.5m	64.2m	110.9m	136m	144m	141.7m	124.4m	163.7m	226.6m
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	—	—	—	—	—	—	—	124.8m	0	499.4m
Other Current Liabilities	80.8m	84.3m	78.7m	83.3m	93.9m	185.9m	220.7m	239.6m	222.3m	227.4m
Deferred Revenue	47.5m	49.7m	47.7m	54m	63.1m	152m	152.4m	159.8m	167.9m	181.4m
Total Current Liabilities	201.1m	221.1m	218.9m	276.3m	315.7m	438.3m	484.3m	667.1m	521.3m	1.1B
Long-Term Debt	575m	574.8m	574.2m	574.4m	574.5m	2B	1.6B	1.2B	1.4B	870.6m
Deferred Income Tax	24.9m	21.2m	16.4m	19.7m	14.8m	8.8m	6.7m	8.5m	14.9m	11.3m
Other Liabilities	52.6m	76.4m	78.4m	316.7m	303.6m	253.4m	239.3m	225.9m	213.4m	166.8m
Total Liabilities	853.6m	893.5m	887.9m	1.2B	1.2B	2.7B	2.3B	2.1B	2.1B	2.1B
Common Stock	518k	393k	401k	408k	412k	417k	421k	426k	430k	433k
Retained Earnings	1.5B	122.8m	373.2m	633.1m	912.5m	1.2B	1.5B	1.9B	2.3B	2.7B
Additional Paid In Capital	741.7m	667.5m	807m	939.1m	1B	1.2B	1.3B	1.5B	1.6B	1.7B
Treasury Stock	(1.6B)	(213.4m)	(433.8m)	(637m)	(905.9m)	(930.7m)	(1.1B)	(1.4B)	(1.7B)	(2.4B)
Other Equity	(34.7m)	(51.4m)	(74.5m)	(39.3m)	(39m)	(108.4m)	(87.1m)	(79.6m)	(63.7m)	(78.5m)
Total Equity	559.7m	525.9m	672.3m	896.4m	1B	1.3B	1.6B	1.9B	2.2B	2B
Total Liabilities & Equity	1.4B	1.4B	1.6B	2.1B	2.2B	4B	4B	4.1B	4.3B	4.1B
Common Shares Outstanding	39m	38.2m	38.1m	38m	37.6m	38m	38m	38m	37.6m	35.3m