FACTSET RESEARCH SYSTEMS Reports 8.4% Increase in Fiscal Year 2023 Third Quarter Revenue of USD 529.8 Million
June 24, 2023
☀️Earnings Overview
On June 22, 2023, FACTSET RESEARCH SYSTEMS ($NYSE:FDS) announced their fiscal year 2023 third quarter results with total revenue of USD 529.8 million, representing an 8.4% increase from the same quarter the previous year. Furthermore, their net income rose 79.8% year-over-year to USD 134.7 million.
Analysis
GoodWhale recently performed an analysis of FACTSET RESEARCH SYSTEMS’ wellbeing. According to Star Chart, FACTSET RESEARCH SYSTEMS is strong in dividend, growth, and profitability, but weak in asset. Despite this, its health score is still quite impressive at 9/10 due to its strong cashflows and debt. This indicates that the company is in a strong position to safely ride out any crisis without the risk of bankruptcy. FACTSET RESEARCH SYSTEMS is also classified as a ‘gorilla’, a type of company we conclude has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it an ideal choice for investors looking for a well-established and reliable company to invest in. Those with a long-term outlook and a strong appetite for risk may be particularly interested in FACTSET RESEARCH SYSTEMS due to its potential for growth. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FDS. More…
| Total Revenues | Net Income | Net Margin |
| 2.05k | 507.48 | 24.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FDS. More…
| Operations | Investing | Financing |
| 641.26 | -87.72 | -586.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FDS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4k | 2.33k | 41.94 |
Key Ratios Snapshot
Some of the financial key ratios for FDS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.6% | 12.7% | 32.1% |
| FCF Margin | ROE | ROA |
| 27.6% | 25.6% | 10.3% |
Peers
Its main competitors are London Stock Exchange Group PLC, QuoteMedia Inc, and Euromoney Institutional Investor PLC. All three companies are major players in the financial data and analytics industry, with FactSet holding a slight edge in terms of market share.
– London Stock Exchange Group PLC ($LSE:LSEG)
London Stock Exchange Group PLC has a market cap of 40.89B as of 2022, a Return on Equity of 3.86%. The company operates a number of stock exchanges in the United Kingdom, including the London Stock Exchange, which is the largest stock exchange in Europe. In addition to stock exchanges, the company also provides trading, clearing, and settlement services for a variety of financial instruments.
– QuoteMedia Inc ($OTCPK:QMCI)
QuoteMedia, Inc. provides digital financial content and technology solutions for the financial services industry in North America and internationally. It operates in two segments, Content and Enterprise. The Content segment offers real-time stock market quotes, news, charts, and research data through its Quotestream product suite to retail and institutional investors, media, and individual investors; and web-based solutions and data products, including Stockhouse.com, an online investment community for Canadian investors. This segment also provides premium subscription-based data products, such as Portfolio123 and MarketQA, as well as content licensing services. The Enterprise segment offers data products and services to broker-dealers, investment advisors, and other financial institutions. This segment provides technology solutions to power trading platforms, client portals, and other Web-based applications; and data integration solutions that enable the distribution of real-time content on desktop applications, mobile devices, and third-party Web sites. The company was founded in 1999 and is headquartered in Montreal, Canada.
– Euromoney Institutional Investor PLC ($LSE:ERM)
Euromoney Institutional Investor PLC is a provider of business information and research for the global financial markets. The company has a market capitalization of 1.58 billion as of 2022 and a return on equity of 2.93%. The company’s products and services include news, analysis, and research on the global financial markets, as well as data and intelligence on companies, industries, and economies. Euromoney Institutional Investor PLC is headquartered in London, the United Kingdom.
Summary
FACTSET RESEARCH SYSTEMS reported its fiscal year 2023 third quarter results on June 22, registering total revenue of USD 529.8 million, a 8.4% increase from last year. The company also reported a 79.8% increase in net income to USD 134.7 million compared to the same period last year. Despite these strong financials, the company’s stock price moved down the same day, indicating investors may be looking for further information before making an investment decision. Analysts recommend that investors look at the company’s current and future outlooks, including its diversified revenue streams and potential opportunities in the market, when considering investing in FACTSET RESEARCH SYSTEMS.
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