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    FACTSET RESEARCH SYSTEMS (FDS)

    FactSet Research Systems Inc. is a global financial digital platform and enterprise solutions provider that offers expansive data, sophisticated analytics, and flexible technology to power critical investment workflows for financial professionals. The company's primary revenue source is subscriptions to its multi-asset class data and solutions, which are delivered through its connected data and technology platform . FactSet operates through three reportable segments: the Americas, EMEA, and Asia Pacific, with solutions spanning the investment lifecycle, including investment research, portfolio construction and analysis, trade execution, performance measurement, risk management, and reporting . The company's business strategy focuses on building a leading open content and analytics platform, offering personalized digital products, and delivering insights tailored to clients' specific business models .

    1. Workstations - Provides financial professionals with integrated tools for investment research, portfolio management, and trade execution.
    2. Portfolio Analytics - Offers solutions for performance measurement, risk management, and portfolio analysis to optimize investment strategies.
    3. Enterprise Data Solutions - Delivers comprehensive data services that support data integration, management, and analysis across various financial workflows.
    4. Managed Services - Supports data, performance, risk, and reporting workflows with tailored services to enhance operational efficiency.
    5. Americas Segment - Generates significant revenue by delivering FactSet's products and services across the American markets.
    6. EMEA Segment - Contributes to revenue through the provision of FactSet's offerings in Europe, the Middle East, and Africa.
    7. Asia Pacific Segment - Expands FactSet's reach and revenue in the Asia Pacific region by offering its comprehensive suite of financial solutions.

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    NamePositionExternal RolesShort Bio

    Catrina Harding

    Executive

    EVP, Chief People Officer

    None

    Joined FactSet in 2023, previously held senior HR roles at Gerson Lehrman Group and Synchrony Financial. Oversees HR strategy, talent acquisition, and employee engagement.

    View Report →

    Christopher McLoughlin

    Executive

    EVP, Chief Legal Officer

    None

    Oversees FactSet's legal and compliance functions. No additional details provided in the documents.

    View Report →

    Christopher R. Ellis

    Executive

    EVP, Head of Strategic Initiatives

    None

    Joined FactSet in 1994, previously led business development and acquisitions. Focuses on initiatives for asset managers and asset owners.

    View Report →

    F. Philip Snow

    Executive

    Chief Executive Officer

    None

    CEO since 2015, joined FactSet in 1996, previously held roles including President and SVP of U.S. Investment Management Sales. Earned a CFA designation.

    View Report →

    Goran Skoko

    Executive

    EVP, Chief Revenue Officer, MD EMEA & APAC

    None

    Joined FactSet in 2004, previously EVP of Dealmakers & Wealth. Leads global sales, client solutions, marketing, and media relations.

    View Report →

    Helen L. Shan

    Executive

    Chief Financial Officer

    Board Member at EPAM Systems, Inc.

    CFO since 2018, reappointed in 2024 after serving as Chief Revenue Officer. Extensive experience in financial leadership roles.

    View Report →

    John Costigan

    Executive

    EVP, Chief Data Officer

    None

    Joined FactSet in 2007, previously Chief Content Officer. Leads enterprise-wide data strategy, including AI initiatives and data transformation.

    View Report →

    Katherine M. Stepp

    Executive

    EVP, Chief Technology Officer

    None

    Joined FactSet in 2008, previously Senior Director of Product Management and Engineering. Leads FactSet's technology organization and digital transformation strategy.

    View Report →

    Kristina W. Karnovsky

    Executive

    EVP, Head of Dealmakers and Wealth

    None

    Joined FactSet in 2001, previously Chief Product Officer. Focuses on expanding deployment and building community in Dealmakers and Wealth.

    View Report →

    Robert J. Robie

    Executive

    EVP, Head of Institutional Buyside

    None

    Joined FactSet in 2000, previously EVP of Analytics & Trading Solutions. Oversees strategy and development for Institutional Buyside solutions.

    View Report →

    Barak Eilam

    Board

    Director

    Board Member at HMH and SimilarWeb Ltd.

    Director since 2024. Former CEO of NICE Ltd., where he led significant growth in revenue and cloud transformation.

    Elisha Wiesel

    Board

    Director

    Founding Partner and CRO of ClearAlpha Technologies; Chair of Entrio; Chair of the Elie Wiesel Foundation

    Director since 2023. Former CIO and Chief Risk Officer at Goldman Sachs. Expertise in risk management and technology.

    James J. McGonigle

    Board

    Lead Independent Director

    Advisor at Summit Partners and Equality Asset Management

    Director since 2002. Former Chairman and CEO of The Corporate Executive Board Company. Expertise in corporate governance and business services.

    Laurie G. Hylton

    Board

    Director

    Board Member at Sun Life Financial Inc., Newbury Art Association, and Theater in the Open

    Director since 2024. Former CFO and CAO at Eaton Vance Corp. Extensive experience in asset management and public accounting.

    Laurie Siegel

    Board

    Director

    President of LAS Advisory Services; Board Member at Lumen Technologies and CECO Environmental Corp.

    Director since 2015. Former SVP of HR at Tyco International. Expertise in human resources and executive compensation.

    Lee Shavel

    Board

    Director

    President and CEO of Verisk Analytics, Inc.; Board Member at Verisk

    Director since 2020. Extensive experience in financial services and analytics.

    Malcolm Frank

    Board

    Director

    CEO of TalentGenius; Board Member at Fingerpaint Marketing

    Director since 2016. Former Chief Strategy Officer at Cognizant. Co-author of books on digital transformation and innovation.

    Maria Teresa Tejada

    Board

    Director

    Board Member at Pacific Mutual Holding Company; Trustee at Cleveland Museum of Natural History

    Director since 2022. Former Chief Strategic Enterprise Risk Officer at Wells Fargo. Expertise in risk management and governance.

    Robin A. Abrams

    Board

    Chair of the Board of Directors

    Board Member at HCL Technologies Ltd. and Lattice Semiconductor Corporation

    Director since 2011, Chair since 2020. Former CEO of Palm Computing and Verifone. Extensive experience in technology and leadership.

    Siew Kai Choy

    Board

    Director

    Advisor to companies in Banking, Fintech, Regtech, and DeepTech sectors

    Director since 2020. Former Managing Director at GIC Private Limited, with expertise in investment management, data analytics, and governance.

    1. Your guidance indicates a more optimistic outlook for the second half of fiscal 2025, similar to last year's expectations; what specific factors give you more confidence this year compared to last year, beyond macroeconomic assumptions like Fed rate cuts?
    2. With the guidance for margins to be down sequentially, is there a strategic shift happening where you are pivoting from focusing on margin expansion to prioritizing growth, and could you elaborate on this change?
    3. Given the headwinds in your annual price increases due to lower CPI or RPI, how do you plan to mitigate the impact of potentially lower pricing on your revenue growth in fiscal 2025?
    4. Can you provide more clarity on the performance of CUSIP and how it is contributing to your overall growth, especially since it drove growth in the partnerships business but specific figures were not disclosed?
    5. Considering the competitive environment and observations of aggressive pricing by competitors, how are you balancing the need to win market share with the potential impact on margins, and what is your approach to pricing in this context?

    Research analysts who have asked questions during FACTSET RESEARCH SYSTEMS earnings calls.

    Shlomo Rosenbaum

    Stifel, Nicolaus & Company, Incorporated

    6 questions for FDS

    Also covers: ARMK, CCCS, CLVT +13 more

    Alex Kramm

    UBS Group AG

    5 questions for FDS

    Also covers: BR, CBOE, CBRE +15 more

    Andrew Nicholas

    William Blair & Company

    5 questions for FDS

    Also covers: AMTD, CBZ, CLVT +16 more

    Ashish Sabadra

    RBC Capital Markets

    5 questions for FDS

    Also covers: ADP, CBOE, CLVT +18 more

    Craig Huber

    Huber Research Partners

    5 questions for FDS

    Also covers: DNB, EFX, FICO +11 more

    Faiza Alwy

    Deutsche Bank

    5 questions for FDS

    Also covers: ABM, ADV, ARMK +16 more

    Jason Haas

    Wells Fargo

    5 questions for FDS

    Also covers: ASGN, CTAS, ECL +11 more

    Surinder Thind

    Jefferies Financial Group

    5 questions for FDS

    Also covers: ASGN, CLVT, CSGP +25 more

    Toni Kaplan

    Morgan Stanley

    5 questions for FDS

    Also covers: ADT, ARMK, BFAM +17 more

    Scott Wurtzel

    Wolfe Research

    4 questions for FDS

    Also covers: ADP, BR, EFX +8 more

    David Motemaden

    Evercore ISI

    3 questions for FDS

    Also covers: ACGL, AJG, ALL +16 more

    George Tong

    Goldman Sachs

    3 questions for FDS

    Also covers: ADT, BCO, BFAM +22 more

    Jeffrey Silber

    BMO Capital Markets

    3 questions for FDS

    Also covers: AMN, ASGN, ATGE +14 more

    Kelsey Zhu

    Autonomous Research

    3 questions for FDS

    Also covers: EFX, MSCI, TRU +1 more

    Manav Patnaik

    Barclays

    3 questions for FDS

    Also covers: BFAM, CLVT, CTAS +16 more

    Owen Lau

    Oppenheimer & Co. Inc.

    3 questions for FDS

    Also covers: CLVT, CME, COIN +8 more

    Brendan Popson

    Barclays

    2 questions for FDS

    Also covers: DNB, EFX, IT

    Kwun Sum Lau

    Oppenheimer

    2 questions for FDS

    Also covers: CBOE, CLVT, CME +9 more

    Russell Quelch

    Redburn Atlantic

    2 questions for FDS

    Also covers: MCO, MSCI, SPGI +1 more

    Keen Fai Tong

    Goldman Sachs Group Inc.

    1 question for FDS

    Also covers: ADT, BCO, BFAM +21 more

    Ryan Griffin

    BMO Capital Markets

    1 question for FDS

    Also covers: AMN, EFX, FICO +3 more

    Shlomo Rosenbaum

    Stifel Financial Corp.

    1 question for FDS

    Program DetailsProgram 1Program 2
    Approval DateAugust 11, 2023 September 17, 2024
    End Date/DurationAugust 31, 2024 Fiscal 2025
    Total Additional Amount$250 million $300 million
    Remaining Authorization$64.8 million Not specified
    DetailsEnded August 31, 2024 New authorization for fiscal 2025
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    202562.52022 Term FacilityFloating SOFR + 0.9754.6% = (62.5 / 1,367.5) * 100
    2027500.02027 Notes2.90036.6% = (500.0 / 1,367.5) * 100
    2027305.02022 Revolving FacilityFloating SOFR + 0.97522.3% = (305.0 / 1,367.5) * 100
    2032500.02032 Notes3.45036.6% = (500.0 / 1,367.5) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Bloomberg L.P.

    The company is one of the largest competitors in the financial information services industry, providing expansive data, sophisticated analytics, and flexible technology similar to the company's offerings.

    S&P's Market Intelligence division

    This division is a major competitor, offering products and services that are similar to the company's offerings in the financial information services industry.

    London Stock Exchange Group's Data & Analytics division

    Formerly known as Refinitiv, this division is a significant competitor in the financial information services industry, providing similar products and services.

    BlackRock Aladdin

    This is one of the competitive products in the market, providing services similar to the company's offerings.

    This company is a competitor, offering products or services similar to the company's offerings in the financial information services industry.

    This company is a competitor, providing products or services similar to the company's offerings in the financial information services industry.

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP2013 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    LiquidityBook

    2025

    FactSet acquired LiquidityBook on February 7, 2025, for a gross purchase price of $246.5 million in cash funded through borrowings, adding cloud-native trading solutions and a proprietary FIX network that enhances its OMS and pre-trade compliance capabilities within the FactSet Workstation.

    CUSIP Global Services

    2022

    FactSet completed the acquisition of CGS on March 1, 2022, for a cash purchase price of $1.932 billion, financed via Senior Notes and borrowings, to secure its exclusive role as the global issuer of CUSIP identifiers and expand its presence in the global capital markets.

    Cobalt Software, Inc.

    2021

    FactSet acquired Cobalt on October 12, 2021, for approximately $51.0 million (subject to post-closing adjustments) to enhance its private market offerings and data workflow solutions by integrating portfolio monitoring capabilities.

    Recent press releases and 8-K filings for FDS.

    Figma reports 41% Q2 revenue growth and raises full-year forecast
    ·$FDS
    Earnings
    Guidance Update
    Revenue Acceleration/Inflection
    • Figma’s Q2 revenue rose 41% to $249.6 million, slightly above Wall Street estimates.
    • The company lifted its full-year revenue outlook to $1.02–$1.03 billion, exceeding analyst expectations.
    • As of June 30, 2025, net dollar retention for customers with ARR over $10,000 was 129%, with 11,906 such customers and 1,119 customers exceeding $100,000 ARR.
    • For Q3, Figma projected revenue of $263–$265 million, ahead of analysts’ $256.8 million estimate.
    6 days ago
    Piedmont Lithium completes merger with Sayona Mining
    ·$FDS
    M&A
    Delisting/Listing Issues
    • Piedmont Lithium has completed its merger with Sayona Mining, forming the combined company Elevra Lithium to create one of the largest hard-rock lithium platforms globally.
    • The merger brings together complementary assets to enhance scale and position the new entity as a leading supplier of critical lithium resources for EV and stationary storage supply chains.
    • In connection with closing, Piedmont’s Nasdaq and ASX listings will be delisted; holders of Piedmont common stock receive 0.35133 American Depositary Shares per share, and CDI holders receive 5.27 Sayona ordinary shares per CDI.
    Aug 29, 2025, 8:06 PM
    Dollarama reports Q2 fiscal 2026 profit up 12%
    ·$FDS
    Earnings
    M&A
    New Projects/Investments
    • Dollarama’s Q2 fiscal 2026 sales rose 10.3% to CAD 1.72 billion, and net income increased 12.4% to CAD 321.5 million.
    • Ownership stake in Latin America’s Dollarcity grew to 60.1%, contributing CAD 38.3 million to earnings, a nearly 70% increase year-over-year.
    • Acquired Australia’s largest discount retailer, The Reject Shop, which added CAD 25.7 million in sales post-acquisition, and opened Dollarcity’s first store in Mexico.
    • Domestic comparable-store sales in Canada rose 4.9% on strong consumables demand; total store count reached 2,060, including 27 net new Canadian locations.
    • Analysts rate Dollarama shares as a Buy with a C$212.00 price target, while warning of valuation and macroeconomic risks.
    Aug 27, 2025, 12:03 PM
    Woolworths reports FY25 net profit down 17–19%, cuts dividend
    ·$FDS
    Earnings
    Dividends
    • Woolworths posted a 17–19% decline in FY25 net profit to A$1.38 billion.
    • The group implemented a 21% cut to its final dividend.
    • Sales rose 3.6% to A$69.1 billion, while EBITDA fell 3.5% due to higher costs and impairments.
    • EBIT before significant items declined 13% to A$2.75 billion.
    Aug 26, 2025, 11:22 PM
    UniCredit raises Commerzbank stake to 26%
    ·$FDS
    New Projects/Investments
    • UniCredit has increased its equity stake in Commerzbank to approximately 26% by converting synthetic positions into physical shares, with the remaining positions to be converted in due course.
    • The transaction raises UniCredit’s CET1 capital ratio impact to about 145 basis points, up from 110 basis points, driven by a higher Commerzbank share price and a restructuring of collar hedges to reduce income volatility.
    • UniCredit confirmed a 20% return on the investment, exceeding its predefined financial metrics and delivering significant shareholder value.
    • While not seeking board representation at Commerzbank, UniCredit will continue to monitor the German bank’s sustainable business strengthening and value creation.
    Aug 25, 2025, 6:21 AM
    Pilbara Minerals posts FY25 loss as lithium prices slump
    ·$FDS
    Earnings
    New Projects/Investments
    Demand Weakening
    • Pilbara Minerals reported a full-year A$196 million loss in FY25, driven by a 43% drop in lithium prices despite a 7% increase in sales volumes and record production.
    • Revenue declined 39% to A$769 million and underlying EBITDA fell 83% to A$97 million year-over-year.
    • The company completed its P680 and P1000 expansion projects, becoming the world’s largest independent hard-rock lithium producer and added the Colina lithium project via the Latin Resources acquisition.
    • Maintains a strong balance sheet with approximately A$1 billion in cash and A$1.6 billion in total liquidity, alongside a A$40 million equity injection into its POSCO JV.
    Aug 24, 2025, 10:36 PM
    Chorus returns to profit as fibre drives growth
    ·$FDS
    Earnings
    Guidance Update
    New Projects/Investments
    • Chorus reported a net profit of NZ$4 million for the fiscal year ending June 30, 2025, reversing a NZ$9 million loss the prior year.
    • Operating revenue rose slightly to NZ$1.014 billion and EBITDA reached NZ$705 million, aligning with its NZ$700–720 million guidance range.
    • Fibre revenue grew 7% and connections increased by 31,000, bringing fibre to 92% of fixed lines and 72.1% of addresses passed.
    • CEO Mark Aue outlined a strategy to achieve 80% fibre uptake by 2030 and proposed a low-speed fibre plan at NZ$28/month wholesale (NZ$55 cap retail).
    • Chorus joined a NZ$1.5 billion public–private partnership for rural fibre expansion and awaits a decision on copper network deregulation.
    Aug 24, 2025, 8:50 PM
    Unite Group to acquire Empiric Student Property for £723 million
    ·$FDS
    M&A
    • Unite Group PLC agreed to acquire Empiric Student Property PLC in a £723 million cash-and-share deal, creating a combined portfolio worth £10.5 billion with around 75,000 student beds.
    • Empiric shareholders will receive 32p in cash and 0.085 Unite shares per Empiric share (totaling 107.5p), representing a 24% premium to the six-month average share price and about 10% ownership of the enlarged group.
    • The transaction is expected to deliver £13.7 million in annual cost synergies, be earnings-accretive, and result in a pro forma net loan-to-value ratio of 29%, supported by £570 million of undrawn debt facilities.
    • Completion is anticipated in Q2 2026, subject to regulatory and shareholder approvals.
    Aug 14, 2025, 6:34 AM
    FactSet Q3 2025 Earnings, Guidance & Leadership Update
    ·$FDS
    Earnings
    Guidance Update
    CEO Change
    Share Buyback
    • FactSet posted Q3 2025 results with GAAP revenues of $585.5 M, up 5.9% YoY, and reported organic growth of 4.4–4.5% .
    • The company experienced margin pressure with GAAP operating margin at 33.2% (−350 bps) and adjusted operating margin at 36.8% (−270 bps) YoY .
    • Adjusted diluted EPS declined 2.3% to $4.27 while GAAP diluted EPS fell to $3.87 (down 5.4%) .
    • Free cash flow increased 5.4% to $228.6 M; additionally, Q3 included $80.7 M in share repurchases, with $106.2 M remaining under the program and a new $400 M authorization .
    • Management reaffirmed FY2025 guidance of $2.305–2.325 B in revenues and $16.80–17.40 in adjusted diluted EPS .
    • A leadership update was announced as CEO Phil Snow will retire, with Sanoke Viswanathan succeeding effective early September 2025 .
    Jun 23, 2025, 1:00 PM
    FactSet Research Systems Inc Announces CEO Succession Plan
    ·$FDS
    CEO Change
    Management Change
    • Sanoke Viswanathan has been named the new CEO, effective early September 2025.
    • Phil Snow will retire after a 30‐year career and serve as a senior advisor through the end of the calendar year to support the transition.
    • The succession plan is designed to ensure a seamless leadership transition and maintain the company’s strategic momentum.
    Jun 3, 2025, 12:00 AM