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FactSet
🇺🇸 NYSE:FDS
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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.

Total Revenue
$425M
Previous year: $388M
+9.4%
EPS
$3.25
Previous year: $2.88
+12.8%
As Reported ASV
$1.7B
Previous year: $1.56B
+9.0%
Organic ASV
$1.7B
Previous year: $1.56B
+9.2%
Total Users
162.16K
Previous year: 138.24K
+17.3%
Gross Profit
$218M
Previous year: $200M
+8.7%
Cash and Equivalents
$674M
Previous year: $560M
+20.3%
Free Cash Flow
$64.3M
Previous year: $70.9M
-9.4%
Total Assets
$2.25B
Previous year: $2.1B
+7.4%

FactSet

FactSet

FactSet Revenue by Geographic Location

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

Company Overview

Full financial data and analysis

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