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Aug 31, 2023
FactSet Q4 2023 Earnings Report
FactSet's Q4 2023 results were released, showing revenue growth but a decrease in GAAP EPS.
Key Takeaways
FactSet reported Q4 2023 GAAP revenues of $535.8 million, a 7.3% increase year-over-year. Organic ASV plus professional services reached $2.2 billion, up 7.1% year over year. GAAP diluted EPS decreased by 37.5% to $1.68, while adjusted diluted EPS decreased by 6.4% to $2.93.
GAAP revenues increased by 7.3% to $535.8 million compared to Q4 2022.
Organic ASV plus professional services grew by 7.1% year over year, reaching $2.2 billion.
GAAP operating margin decreased to 21.9%, while adjusted operating margin improved to 33.6%.
GAAP diluted EPS decreased by 37.5% to $1.68, and adjusted diluted EPS decreased by 6.4% to $2.93.
Revenue by Geographic Location
Forward Guidance
FactSet is providing fiscal 2024 guidance, with expected ASV plus professional services growth of 6% - 8%, GAAP revenue growth of 6% - 7%, adjusted operating margin increase of 10 - 50 bps, and adjusted diluted EPS growth of 6.5% - 10%.
Positive Outlook
- Organic ASV plus professional services is expected to grow in the range of $130 million to $175 million during fiscal 2024.
- GAAP revenues are expected to be in the range of $2,210 million to $2,230 million.
- GAAP operating margin is expected to be in the range of 33.1% to 33.5%.
- Adjusted operating margin is expected to be in the range of 36.3% to 36.7%.
- Adjusted diluted EPS is expected to be in the range of $15.65 to $16.15.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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