FactSet beats Q1 expectations, reaffirms 2025 outlook

NEW YORK – FactSet Analysis Methods Inc . (NYSE:FDS) (NASDAQ:FDS) reported better-than-expected first quarter outcomes and reaffirmed its full-year 2025 steering on Thursday.

The monetary knowledge and analytics firm posted adjusted earnings per share of $4.37, surpassing analyst estimates of $4.25. Income rose 4.9% year-over-year to $568.7 million, additionally topping expectations of $565.1 million.

“Purchasers more and more look to us as a associate of option to carry better productiveness and unlock efficiencies throughout their enterprise workflows,” mentioned CEO Phil Snow.

Natural income, which excludes acquisitions and foreign money impacts, grew 4.7% within the quarter. Annual Subscription Worth (ASV) elevated 4.5% organically to $2.26 billion.

FactSet maintained its fiscal 2025 outlook, projecting adjusted EPS of $16.80-$17.40 versus consensus estimates of $17.19 on income of $2.29-$2.31 billion, in step with consensus estimates of $2.3 billion.

The corporate’s working margin contracted to 33.6% from 34.9% final 12 months, primarily because of larger amortization {and professional} charges. Nonetheless, the adjusted working margin held regular at 37.6%.

FactSet repurchased 104,475 shares for $48.8 million throughout the quarter at a median value of $467 per share. As of November 30, $251.2 million remained accessible underneath its share repurchase program.

“We’re off to a great begin in fiscal 2025 and achieved stable working efficiency by way of sustained value self-discipline and execution in opposition to our progress initiatives and capital technique,” mentioned CFO Helen Shan.

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