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May 31, 2024
FactSet Q3 2024 Earnings Report
FactSet's Q3 2024 results, with revenues up 4.3% and EPS up 18.2%, were announced.
Key Takeaways
FactSet reported Q3 2024 results with GAAP revenues of $552.7 million, a 4.3% increase year-over-year, and GAAP diluted EPS of $4.09, an 18.2% increase year-over-year. The company updated its fiscal year 2024 guidance, expecting organic ASV plus professional services growth of 4-5.5% and adjusted diluted EPS in the range of $16.00-$16.40.
GAAP revenues increased by 4.3% to $552.7 million compared to the prior year period.
Organic revenues grew 4.5% year-over-year to $553.4 million.
GAAP diluted EPS increased 18.2% to $4.09 compared to the same period in fiscal 2023.
Adjusted diluted EPS increased 15.3% to $4.37 compared to the prior year period.
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 is updating its outlook for fiscal 2024 with organic ASV plus professional services expected to grow in the range of $85 million to $120 million, GAAP revenues expected to be in the range of $2,180 million to $2,190 million, and adjusted diluted EPS expected to be in the range of $16.00 to $16.40.
Positive Outlook
- Organic ASV plus professional services is expected to grow in the range of $85 million to $120 million during fiscal 2024.
- GAAP revenues are expected to be in the range of $2,180 million to $2,190 million.
- GAAP operating margin is expected to be in the range of 33.7% to 34.0%.
- Adjusted operating margin is expected to be in the range of 37.0% to 37.5%.
- Adjusted diluted EPS is expected to be in the range of $16.00 to $16.40.
Revenue & Expenses
Visualization of income flow from segment revenue to net income