FACTSET RESEARCH SYSTEMS INC (FDS)

FactSet Research Systems Inc., founded in 1978 and headquartered in Norwalk, Connecticut, is a global financial data and analytics company providing an open, flexible digital platform that supports investment workflows across the financial community. As of August 31, 2022, the company served more than 7,500 clients and approximately 180,000 investment professionals, including asset managers, bankers, wealth managers, asset owners, hedge funds, corporate users, and private equity/venture capital professionals. FactSet's offerings span the investment lifecycle—research, portfolio construction, trade execution, performance measurement, risk management, and reporting—delivered through workstations, portfolio analytics, and enterprise solutions powered by its "content refinery" of multi-asset class data.

The company operates through three reportable segments (Americas, EMEA, and Asia Pacific) and three workflow solutions: Research & Advisory, Analytics & Trading, and Content & Technology Solutions (CTS). Its CUSIP Global Services (CGS) business is the exclusive global provider of CUSIP and CINS identifiers and serves as the U.S. numbering agency for ISINs. FactSet's strategy centers on expanding its digital platform with granular, proprietary, and third-party data (including private company, wealth management, real-time, and ESG data), improving execution through cloud-based product delivery, and fostering a growth-oriented culture, supplemented by partnerships and acquisitions.

Buy-side clients (asset managers, wealth managers, hedge funds, etc.) accounted for 83% of Annual Subscription Value (ASV) with 8.5% organic growth in fiscal 2022, while sell-side clients (broker-dealers, banking/advisory firms) made up 17% of ASV with 13.8% organic growth. Total client count reached 7,538 (up 16.8% year-over-year), with 179,982 platform users (up 11.8%), and annual ASV retention exceeded 95%. Organic ASV plus Professional Services totaled $1.8 billion, up 9.3% year-over-year.

The company employed 11,203 people across 39 offices in 20 countries, with significant workforces in India and the Philippines, and maintains a stated commitment to diversity, equity, and inclusion, employee learning and development, and flexible work arrangements. FactSet's primary competitors include Bloomberg L.P., Refinitiv (London Stock Exchange Group), and S&P Global Market Intelligence, along with firms such as BlackRock Solutions, Morningstar, and MSCI. The company relies on a hybrid technology infrastructure combining physical data centers and multiple cloud providers, and it is subject to SEC reporting requirements and, through its subsidiary P.A.N. Securities, LP, FINRA broker-dealer regulations.

FactSet has traded publicly since June 1996 and is dual-listed on the NYSE and NASDAQ under the ticker "FDS."