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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.
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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