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FactSet
🇺🇸 NYSE:FDS
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Feb 28, 2021

FactSet Q2 2021 Earnings Report

Reported solid results with revenue increasing and EPS rising.

Key Takeaways

FactSet reported a 6% increase in revenue to $391.8 million and an 9% increase in EPS to $2.50 for the second quarter of 2021. The company's organic ASV plus professional services grew by 5.5%. FactSet has increased the lower end of its organic ASV plus professional services outlook to $70 million from $55 million.

Revenue increased 6.0% to $391.8 million compared to the same period in fiscal 2020.

Operating margin increased to 29.6% compared to 28.7% for the same period last year.

Diluted earnings per share (EPS) increased 8.7% to $2.50 compared to $2.30 for the same period in fiscal 2020.

FactSet increased the lower end of its organic ASV plus professional services outlook to $70 million from $55 million.

Total Revenue
$392M
Previous year: $370M
+6.0%
EPS
$2.72
Previous year: $2.55
+6.7%
As Reported ASV
$1.6B
Previous year: $1.5B
+6.7%
Organic ASV
$1.59B
Previous year: $1.5B
+6.2%
Total Users
153.36K
Previous year: 128.9K
+19.0%
Gross Profit
$196M
Previous year: $194M
+1.4%
Cash and Equivalents
$603M
Previous year: $343M
+75.5%
Free Cash Flow
$130M
Previous year: $74.6M
+74.7%
Total Assets
$2.16B
Previous year: $1.83B
+18.3%

FactSet

FactSet

FactSet Revenue by Geographic Location

Forward Guidance

FactSet provided its outlook for fiscal 2021 on September 24, 2020 and has updated this outlook today.

Positive Outlook

  • Organic ASV plus professional services is now expected to increase in the range of $70 million and $85 million over fiscal 2020.
  • GAAP revenue is expected to be in the range of $1,570 million and $1,585 million.
  • GAAP operating margin is expected to be in the range of 29.5% and 30.5%.
  • Adjusted operating margin is expected to be in the range of 32.0% and 33.0%.
  • FactSet's annual effective tax rate is expected to be in the range of 15.0% and 16.5%.

Challenges Ahead

  • Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially, particularly with the ongoing uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus pandemic.
  • GAAP diluted EPS is expected to be in the range of $10.05 and $10.45.
  • Adjusted diluted EPS is expected to be in the range of $10.75 and $11.15.
  • 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 2021.
  • 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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