Fundies.
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FactSet Research Systems Inc.

EDGAR
FDS Annual report (10-K) · filed 2026-10-20

Annual consolidated revenue for 2026: about USD 2.476B, using the latest reported figures. The previous period, 2025, was about USD 2.322B.

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Watchlist

Latest quarter

Revenue

635 million USD

2026 Q4 · USD

Exact inputs and evidence
  • Revenue: 2476256000 USD Source
  • Revenue: 1841558000 USD Source

Operating margin

24.68%

2026 Q4 · %

Exact inputs and evidence
  • Operating Income: 699957000 USD Source
  • Operating Income: 543333000 USD Source
  • Revenue: 2476256000 USD Source
  • Revenue: 1841558000 USD Source

Operating cash flow

205 million USD

2026 Q4 · USD

Exact inputs and evidence
  • Operating Cash Flow: 822200000 USD Source
  • Operating Cash Flow: 617492000 USD Source
Cash and cash equivalents
233 million USD Source
Exact value

233339000 USD

Long-term debt including current maturities
1.37 billion USD Source
Exact value

1370022000 USD

Shares outstanding
35.3 million shares Source
Exact value

35257384 shares

Reported share-count change

-6.34% · -2.39 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 37645870 shares · 2025-08-31· Source
  • 35257384 shares · 2026-08-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-20.

Financial data available through: 2026-08-31.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2026-08-31
  • Operating income: 10 of 11 periods available· newest 2026-08-31
  • Net income: 10 of 11 periods available· newest 2026-08-31
  • Operating cash flow: 10 of 11 periods available· newest 2026-08-31
  • Capital expenditure: 7 of 11 periods available· newest 2023-08-31
  • Total assets: 10 of 11 periods available· newest 2026-08-31
  • Total liabilities: 9 of 11 periods available· newest 2026-08-31
  • Current assets: 9 of 11 periods available· newest 2026-08-31
  • Current liabilities: 9 of 11 periods available· newest 2026-08-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2026-08-31
  • Long-term debt including current maturities: 9 of 11 periods available· newest 2026-08-31
  • Shares outstanding: 11 of 11 periods available· newest 2026-08-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +6.7%

    Prior period

    USD 2.32 billion

    –

    Current period

    USD 2.48 billion

    –

    Exact inputs and evidence

    2476256000 − 2321748000 = 154508000 USD

    2321748000 USD · 2024-09-01 – 2025-08-31

    Inspect prior input Prior source

    2476256000 USD · 2025-09-01 – 2026-08-31

    Inspect current input Current source
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  • Net income

    -10.6%

    Prior period

    USD 597.04 million

    –

    Current period

    USD 533.48 million

    –

    Exact inputs and evidence

    533481000 − 597040000 = -63559000 USD

    597040000 USD · 2024-09-01 – 2025-08-31

    Inspect prior input Prior source

    533481000 USD · 2025-09-01 – 2026-08-31

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  • Operating cash flow

    +13.2%

    Prior period

    USD 726.26 million

    –

    Current period

    USD 822.2 million

    –

    Exact inputs and evidence

    822200000 − 726260000 = 95940000 USD

    726260000 USD · 2024-09-01 – 2025-08-31

    Inspect prior input Prior source

    822200000 USD · 2025-09-01 – 2026-08-31

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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-09-01 – 2026-08-31

  • Revenue USD 2.48 billion 100% of revenue
  • Operating costs Derived USD 1.78 billion 72% of revenue
  • Operating income USD 699.96 million 28% of revenue
  • Tax, interest and other Derived USD 166.48 million 6.7% of revenue
  • Net income USD 533.48 million 22% of revenue

Cash

  • Operating cash flow USD 822.2 million 33% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 21%71%
  • 2018 20%73%
  • 2019 25%69%
  • 2020 25%71%
  • 2021 25%70%
  • 2022 22%74%
  • 2023 22%70%
  • 2024 24%68%
  • 2025 26%68%
  • 2026 22%72%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2016-09-01 – 2017-08-311221179000 869044000 Derived 352135000 93876000 Derived 258259000 283665000 Derived
Source
2018 2017-09-01 – 2018-08-311350145000 983941000 Derived 366204000 99119000 Derived 267085000 352148000 Derived
Source
2019 2018-09-01 – 2019-08-311435351000 997316000 Derived 438035000 85245000 Derived 352790000 367766000 Derived
Source
2020 2019-09-01 – 2020-08-311494111000 1054451000 Derived 439660000 66722000 Derived 372938000 428198000 Derived
Source
2021 2020-09-01 – 2021-08-311591445000 1117404000 Derived 474041000 74451000 Derived 399590000 493901000 Derived
Source
2022 2021-09-01 – 2022-08-311843892000 1368410000 Derived 475482000 78565000 Derived 396917000 487121000 Derived
Source
2023 2022-09-01 – 2023-08-312085508000 1456301000 Derived 629207000 161034000 Derived 468173000 584787000 Derived
Source
2024 2023-09-01 – 2024-08-312203056000 1501757000 Derived 701299000 164173000 Derived 537126000 Unavailable
Source
2025 2024-09-01 – 2025-08-312321748000 1573445000 Derived 748303000 151263000 Derived 597040000 Unavailable
Source
2026 2025-09-01 – 2026-08-312476256000 1776299000 Derived 699957000 166476000 Derived 533481000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 2.5B 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.7B2.0B1.3B668.6M0.0201720222026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue1221179000
2018Revenue1350145000
2019Revenue1435351000
2020Revenue1494111000
2021Revenue1591445000
2022Revenue1843892000
2023Revenue2085508000
2024Revenue2203056000
2025Revenue2321748000
2026Revenue2476256000

Revenue growth

Change in revenue from the same financial period one year earlier.

6.7% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.17.1%12.8%8.6%4.3%0.0%201720222026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over yearNo prior comparable period
2018Year over year10.6%
2019Year over year6.3%
2020Year over year4.1%
2021Year over year6.5%
2022Year over year15.9%
2023Year over year13.1%
2024Year over year5.6%
2025Year over year5.4%
2026Year over year6.7%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 28.3% 2026
Net margin 21.5% 2026
Free cash flow margin 28% 2023
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.34.8%26.1%17.4%8.7%0.0%201720222026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin28.8%
2018Operating margin27.1%
2019Operating margin30.5%
2020Operating margin29.4%
2021Operating margin29.8%
2022Operating margin25.8%
2023Operating margin30.2%
2024Operating margin31.8%
2025Operating margin32.2%
2026Operating margin28.3%
2017Net margin21.1%
2018Net margin19.8%
2019Net margin24.6%
2020Net margin25%
2021Net margin25.1%
2022Net margin21.5%
2023Net margin22.4%
2024Net margin24.4%
2025Net margin25.7%
2026Net margin21.5%
2017Free cash flow margin23.2%
2018Free cash flow margin26.1%
2019Free cash flow margin25.6%
2020Free cash flow margin28.7%
2021Free cash flow margin31%
2022Free cash flow margin26.4%
2023Free cash flow margin28%
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported
2026Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 822.2M 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.888.0M666.0M444.0M222.0M0.0201720222026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow320527000
2018Operating cash flow385668000
2019Operating cash flow427136000
2020Operating cash flow505840000
2021Operating cash flow555226000
2022Operating cash flow538277000
2023Operating cash flow645573000
2024Operating cash flow700338000
2025Operating cash flow726260000
2026Operating cash flow822200000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 584.8M 2023
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.631.6M473.7M315.8M157.9M0.0201720222026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow283665000
2018Free cash flow352148000
2019Free cash flow367766000
2020Free cash flow428198000
2021Free cash flow493901000
2022Free cash flow487121000
2023Free cash flow584787000
2024Free cash flowUnavailable
2025Free cash flowUnavailable
2026Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

51.6% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.72%54%36%18%0%2017-08-3120222026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017-08-31Liabilities / assetsNot reported
2018Liabilities / assets63%
2019Liabilities / assets56.9%
2020Liabilities / assets57%
2021Liabilities / assets54.3%
2022Liabilities / assets66.8%
2023Liabilities / assets59.1%
2024Liabilities / assets52.8%
2025Liabilities / assets49.2%
2026Liabilities / assets51.6%

Current assets to current liabilities

Current assets divided by current liabilities.

0.6× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.29×2.47×1.65×0.82×0.00×2017-08-3120222026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017-08-31Current assets / current liabilitiesNot reportedNo source recorded
2018Current assets / current liabilities1.95×
2019Current assets / current liabilities2.67×
2020Current assets / current liabilities3.05×
2021Current assets / current liabilities2.96×
2022Current assets / current liabilities1.99×
2023Current assets / current liabilities1.59×
2024Current assets / current liabilities1.25×
2025Current assets / current liabilities1.4×
2026Current assets / current liabilities0.6×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2016-09-01 – 2017-08-31
USD 258.26 million
Exact value

Exact value: 258259000 USD

2016-09-01 – 2017-08-31: 258259000 USD Inspect Net Income Open source
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USD 320.53 million
Exact value

Exact value: 320527000 USD

2016-09-01 – 2017-08-31: 320527000 USD Inspect Operating Cash Flow Open source
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USD 36.86 million
Exact value

Exact value: 36862000 USD

2016-09-01 – 2017-08-31: 36862000 USD Inspect Capital Expenditure Open source
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USD 283.67 million
Calculation and evidence

320527000 − 36862000 USD

Exact free cash flow: 283665000 USD

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2018 2017-09-01 – 2018-08-31
USD 267.09 million
Exact value

Exact value: 267085000 USD

2017-09-01 – 2018-08-31: 267085000 USD Inspect Net Income Open source
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USD 385.67 million
Exact value

Exact value: 385668000 USD

2017-09-01 – 2018-08-31: 385668000 USD Inspect Operating Cash Flow Open source
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USD 33.52 million
Exact value

Exact value: 33520000 USD

2017-09-01 – 2018-08-31: 33520000 USD Inspect Capital Expenditure Open source
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USD 352.15 million
Calculation and evidence

385668000 − 33520000 USD

Exact free cash flow: 352148000 USD

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2019 2018-09-01 – 2019-08-31
USD 352.79 million
Exact value

Exact value: 352790000 USD

2018-09-01 – 2019-08-31: 352790000 USD Inspect Net Income Open source
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USD 427.14 million
Exact value

Exact value: 427136000 USD

2018-09-01 – 2019-08-31: 427136000 USD Inspect Operating Cash Flow Open source
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USD 59.37 million
Exact value

Exact value: 59370000 USD

2018-09-01 – 2019-08-31: 59370000 USD Inspect Capital Expenditure Open source
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USD 367.77 million
Calculation and evidence

427136000 − 59370000 USD

Exact free cash flow: 367766000 USD

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2020 2019-09-01 – 2020-08-31
USD 372.94 million
Exact value

Exact value: 372938000 USD

2019-09-01 – 2020-08-31: 372938000 USD Inspect Net Income Open source
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USD 505.84 million
Exact value

Exact value: 505840000 USD

2019-09-01 – 2020-08-31: 505840000 USD Inspect Operating Cash Flow Open source
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USD 77.64 million
Exact value

Exact value: 77642000 USD

2019-09-01 – 2020-08-31: 77642000 USD Inspect Capital Expenditure Open source
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USD 428.2 million
Calculation and evidence

505840000 − 77642000 USD

Exact free cash flow: 428198000 USD

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2021 2020-09-01 – 2021-08-31
USD 399.59 million
Exact value

Exact value: 399590000 USD

2020-09-01 – 2021-08-31: 399590000 USD Inspect Net Income Open source
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USD 555.23 million
Exact value

Exact value: 555226000 USD

2020-09-01 – 2021-08-31: 555226000 USD Inspect Operating Cash Flow Open source
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USD 61.33 million
Exact value

Exact value: 61325000 USD

2020-09-01 – 2021-08-31: 61325000 USD Inspect Capital Expenditure Open source
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USD 493.9 million
Calculation and evidence

555226000 − 61325000 USD

Exact free cash flow: 493901000 USD

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2022 2021-09-01 – 2022-08-31
USD 396.92 million
Exact value

Exact value: 396917000 USD

2021-09-01 – 2022-08-31: 396917000 USD Inspect Net Income Open source
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USD 538.28 million
Exact value

Exact value: 538277000 USD

2021-09-01 – 2022-08-31: 538277000 USD Inspect Operating Cash Flow Open source
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USD 51.16 million
Exact value

Exact value: 51156000 USD

2021-09-01 – 2022-08-31: 51156000 USD Inspect Capital Expenditure Open source
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USD 487.12 million
Calculation and evidence

538277000 − 51156000 USD

Exact free cash flow: 487121000 USD

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2023 2022-09-01 – 2023-08-31
USD 468.17 million
Exact value

Exact value: 468173000 USD

2022-09-01 – 2023-08-31: 468173000 USD Inspect Net Income Open source
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USD 645.57 million
Exact value

Exact value: 645573000 USD

2022-09-01 – 2023-08-31: 645573000 USD Inspect Operating Cash Flow Open source
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USD 60.79 million
Exact value

Exact value: 60786000 USD

2022-09-01 – 2023-08-31: 60786000 USD Inspect Capital Expenditure Open source
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USD 584.79 million
Calculation and evidence

645573000 − 60786000 USD

Exact free cash flow: 584787000 USD

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2024 2023-09-01 – 2024-08-31
USD 537.13 million
Exact value

Exact value: 537126000 USD

2023-09-01 – 2024-08-31: 537126000 USD Inspect Net Income Open source
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USD 700.34 million
Exact value

Exact value: 700338000 USD

2023-09-01 – 2024-08-31: 700338000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2024-09-01 – 2025-08-31
USD 597.04 million
Exact value

Exact value: 597040000 USD

2024-09-01 – 2025-08-31: 597040000 USD Inspect Net Income Open source
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USD 726.26 million
Exact value

Exact value: 726260000 USD

2024-09-01 – 2025-08-31: 726260000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2026 2025-09-01 – 2026-08-31
USD 533.48 million
Exact value

Exact value: 533481000 USD

2025-09-01 – 2026-08-31: 533481000 USD Inspect Net Income Open source
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USD 822.2 million
Exact value

Exact value: 822200000 USD

2025-09-01 – 2026-08-31: 822200000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

267 filings · 7,001 latest values · 7,001 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001013237, 1013237, FDS, edgar:1013237, fds

Also known as FACTSET RESEARCH SYSTEMS INC, FACTSET RESEARCH SYSTEMS INC., FactSet Research Systems Inc.