FactSet Q4 2021 Earnings Report
Key Takeaways
FactSet reported a strong fourth quarter with revenue increasing by 7.4% and ASV plus professional services reaching $1.7 billion. The company's investments in content and technology fueled revenue growth, and they anticipate continued growth in the coming fiscal year.
Revenue increased 7.4% to $411.9 million compared to the same period in fiscal 2020.
ASV plus professional services was $1.7 billion at August 31, 2021, compared with $1.6 billion at August 31, 2020.
Operating margin increased to 28.9% compared with 25.7% for the same period last year.
Diluted earnings per share (EPS) increased 14.8% to $2.63 compared with $2.29 for the same period in fiscal 2020.
FactSet
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FactSet Revenue by Geographic Location
Forward Guidance
FactSet provided its annual outlook for fiscal 2022, with expectations for organic ASV plus professional services to increase in the range of $105 million to $135 million over fiscal 2021.
Positive Outlook
- Organic ASV plus professional services is expected to increase in the range of $105 million to $135 million over fiscal 2021.
- GAAP revenue is expected to be in the range of $1,705 million to $1,720 million.
- GAAP operating margin is expected to be in the range of 31% to 32%.
- Adjusted operating margin is expected to be in the range of 32.5% to 33.5%.
- FactSet's annual effective tax rate is expected to be in the range of 14.5% to 15.5%.
Challenges Ahead
- GAAP diluted EPS is expected to be in the range of $11.60 to $11.90.
- Adjusted diluted EPS is expected to be in the range of $12.00 to $12.30.
- Both GAAP operating margin and GAAP diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2022.
- Actual results may differ materially, particularly with the ongoing uncertainty surrounding the duration, magnitude, and impact of the novel coronavirus pandemic.
- 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