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May 31, 2021
FactSet Q3 2021 Earnings Report
FactSet reported solid results with record quarterly revenue hitting $400 million.
Key Takeaways
FactSet reported a revenue increase of 6.8% to $399.6 million for the third quarter of 2021, driven by higher sales of analytics and content and technology solutions (CTS). Diluted EPS decreased slightly to $2.62, and the company increased its quarterly dividend by 6.5% to $0.82, marking the twenty-second consecutive year of dividend increases.
Revenue increased 6.8% to $399.6 million compared to the same period in fiscal 2020.
Organic revenues grew 5.9% to $397.4 million during the third quarter of fiscal 2021 from the prior year period.
Annual Subscription Value (ASV) plus professional services was $1.6 billion at May 31, 2021.
The Company increased its quarterly dividend by 6.5% to $0.82, marking the twenty-second consecutive year of dividend increases.
Revenue by Geographic Location
Forward Guidance
FactSet expects organic ASV plus professional services to increase in the range of $85 million and $95 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%.
Positive Outlook
- Organic ASV plus professional services is now expected to increase in the range of $85 million and $95 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%.
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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