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FactSet
🇺🇸 NYSE:FDS
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Aug 31, 2020

FactSet Q4 2020 Earnings Report

FactSet reported solid growth in the fourth quarter and full year 2020, marking the 40th consecutive year of revenue growth.

Key Takeaways

FactSet's Q4 2020 results showed a 5.3% increase in GAAP revenues to $383.6 million, with organic revenues growing 4.9% to $383.4 million. Diluted EPS decreased slightly by 2.1% to $2.29, but adjusted diluted EPS rose 10.3% to $2.88. The company's ASV plus professional services reached $1.56 billion, with organic growth of 5.3%.

GAAP revenues increased 5.3% to $383.6 million.

Organic revenues grew 4.9% to $383.4 million.

Diluted EPS decreased 2.1% to $2.29.

Adjusted diluted EPS rose 10.3% to $2.88.

Total Revenue
$384M
Previous year: $364M
+5.3%
EPS
$2.88
Previous year: $2.61
+10.3%
As Reported ASV
$1.56B
Organic ASV
$1.56B
Previous year: $1.48B
+5.4%
Total Users
133.05K
Gross Profit
$200M
Previous year: $197M
+1.8%
Cash and Equivalents
$586M
Previous year: $360M
+62.8%
Free Cash Flow
$145M
Previous year: $95.3M
+51.8%
Total Assets
$2.08B
Previous year: $1.56B
+33.5%

FactSet

FactSet

FactSet Revenue by Geographic Location

Forward Guidance

FactSet provided its outlook for fiscal year 2021, anticipating organic ASV plus professional services to increase between $55 million and $85 million. GAAP revenue is projected to be in the range of $1.570 billion and $1.585 billion. GAAP operating margin is expected to be between 29.5% and 30.5%, while adjusted operating margin is anticipated to be between 32.0% and 33.0%. The annual effective tax rate is expected to be in the range of 15.0% and 16.5%. GAAP diluted EPS is forecasted to be between $10.05 and $10.45, and adjusted diluted EPS is expected to be between $10.75 and $11.15.

Positive Outlook

  • Organic ASV plus professional services is expected to increase in the range of $55 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%.
  • GAAP diluted EPS is expected to be in the range of $10.05 and $10.45.

Challenges Ahead

  • The ongoing uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus pandemic.
  • Actual results may differ materially due to risk factors, uncertainties, and assumptions.
  • The ability to integrate newly acquired companies, clients and businesses.
  • Strains on resources as a result of growth, the volatility and stability of global securities markets.
  • The ability to hire and retain qualified personnel.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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