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Feb 28, 2022
FactSet Q2 2022 Earnings Report
Reported second quarter results with revenue up 10.0% and diluted EPS up 13.6%.
Key Takeaways
FactSet reported strong second quarter results, with revenues up 10.0% to $431.1 million and organic revenue growth of 9.9%. Diluted EPS increased by 13.6% to $2.84, and adjusted diluted EPS rose by 20.2% to $3.27. The company completed the acquisition of CUSIP Global Services on March 1, 2022.
Q2 revenues reached $431.1 million, a 10.0% increase from Q2 2021.
Organic Q2 ASV plus professional services totaled $1.7 billion, up 9.4% year-over-year.
Operating margin was 28.6%, and adjusted operating margin was 33.7%.
Diluted EPS was $2.84, a 13.6% increase from the prior year; adjusted diluted EPS was $3.27, a 20.2% increase from the prior year.
Revenue by Geographic Location
Forward Guidance
FactSet updated its annual outlook for fiscal 2022.
Positive Outlook
- Organic ASV plus professional services is expected to increase in the range of $130 million to $150 million over fiscal 2021.
- Revenues is expected to be in the range of $1,800 million to $1,830 million.
- Adjusted operating margin is expected to be in the range of 33% to 34%.
- FactSet's annual effective tax rate is expected to be in the range of 12.5% to 13.5%.
- Adjusted diluted EPS is expected to be in the range of $12.75 to $13.15.
Challenges Ahead
- Operating margin is expected to be in the range of 25.5% to 26.5%.
- Diluted EPS is expected to be in the range of $9.75 to $10.15.
- Both Operating margin and Diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2022.
- Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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