NYSE$FDS
Factset Research Systems Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported results for the second quarter of fiscal year 2024, with revenue up 6.0% year over year.
FactSet reported Q2 2024 results with GAAP revenues of $545.9 million, a 6.0% increase from Q2 2023. Organic ASV plus professional services reached $2,209.5 million, up 5.4% year over year. GAAP diluted EPS increased by 8.0% to $3.65, and adjusted diluted EPS rose by 11.1% to $4.22.
- GAAP revenues increased 6.0% to $545.9 million compared to the prior year period.
- Organic revenues grew 6.0% year over year to $546.1 million.
- GAAP operating margin increased to 33.3% compared to 32.9% for the prior year.
- GAAP diluted EPS increased 8.0% to $3.65 compared to the same period in fiscal 2023.
Headline financials
Revenue & EPS history
FactSet · Revenue · Quarterly
$546M
Forward guidance
FactSet anticipates finishing fiscal year 2024 at the lower end of the guidance range for Organic ASV plus professional services growth and GAAP revenues.
Tailwinds
- Organic ASV plus professional services is expected to grow in the range of $110 million to $150 million during fiscal 2024.
- GAAP revenues are expected to be in the range of $2,200 million to $2,210 million.
- GAAP operating margin is expected to be in the range of 32.5% to 33.0%.
- Adjusted operating margin is expected to be in the range of 36.3% to 36.7%.
- FactSet's annual effective tax rate is expected to be in the range of 16.5% to 17.5%.
Headwinds
- The Company incurred an approximately $11 million personnel related charge during the second quarter of fiscal 2024 as part of a broader cost optimization program.
- Actual results may differ materially from those anticipated in forward-looking statements
- The company does not undertake to update forward-looking statements.
- The forward looking statements reflect FactSet's expectations as of today's date.
- Given the risk factors, uncertainties, and assumptions discussed, actual results may differ materially.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2024
-1.6%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+0.4%
Avg return
30 days after
33%
22 / 67 earnings
Positive
+10.6%
Q3 2020
Best reaction
-11.5%
Q3 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | — | — | — | |
| Q2 2026 | +3.3% | +2.9% | — | |
| Q1 2026 | -7.8% | -1.8% | -2.5% | |
| Q4 2025 | -10.3% | -14.2% | -14.7% | |
| Q3 2025 | -1.3% | -1.7% | -14.8% | |
| Q2 2025 | -1.7% | +0.2% | -2.6% | |
| Q1 2025 | +2.2% | +3.9% | -2.1% | |
| Q4 2024 | +4.3% | +3.8% | +5.5% | |
| Q3 2024 | +4.1% | +1.8% | +3.9% | |
| Q2 2024 | -8.3% | -9.0% | -11.0% | |
| Q1 2024 | -1.3% | +2.3% | +0.6% | |
| Q4 2023 | +2.8% | +2.0% | +1.5% | |
| Q3 2023 | -6.9% | -5.4% | +2.0% | |
| Q2 2023 | -4.0% | -3.4% | +1.4% | |
| Q1 2023 | -3.7% | -5.2% | +0.4% | |
| Q4 2022 | -8.8% | -9.1% | -5.4% | |
| Q3 2022 | +9.1% | +4.5% | +13.4% | |
| Q2 2022 | -3.0% | +2.5% | +0.1% | |
| Q1 2022 | +1.4% | +1.8% | -9.6% | |
| Q4 2021 | +6.9% | +6.8% | +18.9% | |
| Q3 2021 | -0.4% | +0.4% | +3.6% | |
| Q2 2021 | -4.7% | -2.1% | +5.3% | |
| Q1 2021 | -4.6% | -5.6% | -5.6% | |
| Q4 2020 | -0.7% | +1.0% | -0.7% | |
| Q3 2020 | +10.6% | +10.5% | +17.1% | |
| Q2 2020 | +9.4% | +12.0% | +17.9% | |
| Q1 2020 | -1.5% | -0.8% | +2.5% | |
| Q4 2019 | -10.7% | -11.4% | -6.2% | |
| Q3 2019 | -1.4% | -2.3% | -5.3% | |
| Q2 2019 | +4.1% | +6.3% | +14.4% | |
| Q1 2019 | -7.6% | -10.6% | -3.0% | |
| Q4 2018 | -2.6% | -3.4% | -6.9% | |
| Q3 2018 | -3.7% | -4.7% | -1.4% | |
| Q2 2018 | -5.5% | -5.0% | -7.6% | |
| Q1 2018 | -4.8% | -6.2% | -2.7% | |
| Q4 2017 | +4.8% | +5.4% | +10.9% | |
| Q3 2017 | +2.2% | +0.1% | -0.8% | |
| Q2 2017 | -5.8% | -5.5% | -6.1% | |
| Q1 2017 | -0.1% | -1.3% | +2.3% | |
| Q4 2016 | -7.8% | -8.0% | -12.5% | |
| Q3 2016 | +4.0% | +6.6% | +14.5% | |
| Q2 2016 | -3.1% | — | — | |
| Q1 2016 | -4.4% | — | — | |
| Q4 2015 | -1.7% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +2.2% | — | — | |
| Q1 2015 | +3.6% | — | — | |
| Q4 2014 | -2.6% | — | — | |
| Q3 2014 | +1.2% | — | — | |
| Q2 2014 | +5.0% | — | — | |
| Q1 2014 | -6.1% | — | — | |
| Q4 2013 | -1.1% | — | — | |
| Q3 2013 | -4.1% | — | — | |
| Q2 2013 | -5.6% | — | — | |
| Q1 2013 | -6.0% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q4 2012 | -5.3% | — | — | |
| Q3 2012 | -11.5% | — | — | |
| Q2 2012 | +7.7% | — | — | |
| Q1 2012 | -7.3% | — | — | |
| Q4 2009 | -5.8% | — | — | |
| Q4 2011 | -5.8% | — | — | |
| Q3 2011 | -2.9% | — | — | |
| Q2 2010 | -0.7% | — | — | |
| Q2 2011 | -0.7% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2010 | +0.5% | — | — | |
| Q1 2010 | +0.5% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro