NYSE$FDS

Factset Research Systems Inc. · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

FactSet reported an increase in GAAP revenues and adjusted diluted EPS for the fourth quarter and fiscal year 2022.

FactSet's Q4 2022 GAAP revenues reached $499.3 million, a 21.2% increase from Q4 2021, with organic revenue growing by 9.8%. The GAAP diluted EPS increased by 2.3% to $2.69, and the adjusted diluted EPS rose by 8.7% to $3.13. The company's ASV plus professional services reached $2.0 billion.

  • GAAP revenues increased 21.2% to $499.3 million for the fourth quarter of fiscal 2022.
  • Organic revenue grew 9.8% to $452.5 million during the fourth quarter of fiscal 2022.
  • Organic ASV plus professional services was $1.8 billion at August 31, 2022, up 9.3% year over year.
  • GAAP diluted earnings per share (EPS) increased 2.3% to $2.69.

Headline financials

Total Revenue

$499M

Previous: $412M+21.2%
EPS (adj)

$3.13

Previous: $2.88+8.7%
Reported ASV

$2B

Previous: $1.7B+17.6%
Organic ASV

$1.8B

Previous: $1.7B+5.9%
Total users

180.0K

Previous: 160.9K+11.8%
Capital Expenditures

$15.2M

Previous: $13.9M+9.3%
Free Cash Flow

$136M

Previous: $171M-20.5%
Net Income

$104M

Previous: $101M+3.3%
Operating Income

$132M

Previous: $119M+10.9%
Gross Profit

$257M

Previous: $214M+20.1%
Cash & Equivalents

$503M

Previous: $682M-26.2%
Total Assets

$4.01B

Previous: $2.22B+80.6%
Stock-Based Comp

$15.4M

Previous: $11.7M+31.5%

Revenue & EPS history

FactSet · Revenue · Quarterly

$499M

Q4 2022+21.2%vs Q4 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

FactSet is providing its outlook for fiscal 2023, expecting organic ASV plus professional services to increase in the range of $150 million to $180 million, GAAP revenues are expected to be in the range of $2,100 million to $2,115 million.

Tailwinds

  • Organic ASV plus professional services is expected to increase in the range of $150 million to $180 million during fiscal 2023.
  • GAAP revenues are expected to be in the range of $2,100 million to $2,115 million.
  • GAAP operating margin is expected to be in the range of 30.0% to 31.0%.
  • Adjusted operating margin is expected to be in the range of 34% to 35%.
  • GAAP diluted EPS is expected to be in the range of $12.70 to $13.10.

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 Q4 2022

Historical avgQ4 2022

-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

Earnings price reactions
QuarterReport dateReaction (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%

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