Loading...
•
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.
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 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.
- 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