FactSet Surpasses Q2 Earnings Estimates, Raises FY25 Revenue Outlook Amid Client Growth

On Thursday, FactSet Research Systems Inc. (NYSE:FDS) reported second-quarter adjusted earnings per share of $4.28, beating the street view of $4.16.

Quarterly sales of $570.66 million (up 4.5% year over year) marginally outpaced the analyst consensus estimate of $570.61 million.

Organic revenues grew 4.0% year over year to $568.0 million during the second quarter. 

Client count as of February 28, 2025 was 8,645, a net increase of 396 clients in the past three months, mainly due to corporates, which now includes clients from the Irwin acquisition.

Annual Subscription Value was $2.306 billion at February 28, 2025, compared with $2.185 billion a year ago. FactSet said organic ASV increased $19.6 million over the last ...