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Nov 30, 2021
FactSet Q1 2022 Earnings Report
Reported first quarter results with revenue up 9.4% and ASV plus professional services up 9.2% year over year.
Key Takeaways
FactSet reported strong first-quarter results, with revenues increasing by 9.4% to $424.7 million and ASV plus professional services reaching $1.7 billion, up 9.2% year over year. The company's GAAP EPS increased by 6.5% to $2.79, and adjusted diluted EPS rose by 12.8% to $3.25.
Q1 revenues reached $424.7 million, a 9.4% increase from Q1 2021.
Q1 ASV plus professional services totaled $1.7 billion, up 9.2% year over year.
GAAP operating margin was 28.9%, while adjusted operating margin was 33.6%.
Diluted GAAP EPS increased by 6.5% to $2.79, and adjusted diluted EPS rose by 12.8% to $3.25.
FactSet
FactSet
FactSet Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.com Forward Guidance
FactSet reaffirms its annual outlook for fiscal 2022 as provided in September 2021.
Positive Outlook
- Organic ASV plus professional services is expected to increase in the range of $105 million to $135 million over fiscal 2021.
- GAAP revenues is expected to be in the range of $1,705 million to $1,720 million.
- GAAP operating margin is expected to be in the range of 31% to 32%.
- Adjusted operating margin is expected to be in the range of 32.5% to 33.5%.
- FactSet's annual effective tax rate is expected to be in the range of 14.5% to 15.5%.
Challenges Ahead
- GAAP diluted EPS is expected to be in the range of $11.60 to $11.90.
- Adjusted diluted EPS is expected to be in the range of $12.00 to $12.30.
- Both GAAP operating margin and GAAP diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2022.
- Actual results may differ materially, particularly with the ongoing uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus pandemic.
- FactSet does not intend to update its forward-looking statements prior to its next quarterly results announcement.
Revenue & Expenses
Visualization of income flow from segment revenue to net income