Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

FactSet

FDS stock analysis · Financials · Financial Exchanges & Data

FY 2025-08-31ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$230.08HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$8.2B

Price × SEC outstanding shares. Shares measured 2026-06-25. Approximate; share and price dates can differ.

View share-count filing ↗
Reviewed cash-flow model

Reviewed operating-business exception limited to this annual period. FactSet sells financial data, analytics and workflow software. The consolidated operating statements and FY2025 free-cash-flow reconciliation support the existing general operating-business proxies: $726.260m CFO less $108.806m property, equipment, leasehold improvements and internal-use software equals $617.454m. This is a vendor to financial institutions, not a deposit-taking bank or insurer. Acquisition goodwill and the normalized-tax/capital assumptions still limit interpretation. Business description ↗

Valuation

DCF value

$263.69

Equity cash-flow scenario · SEC outstanding shares at 2026-06-25 · 14.6% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

1.8%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

96.7%

7 industry peers · median 27.0×

How this is calculated ↗
Valuation

Historical multiples

36.3×

6 annual observations · snapshot P/E 13.7× · -62.3% versus history

How this is calculated ↗
Valuation

Free cash flow yield

7.5%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

19.5%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

63/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

6.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

4.6%

Annual basis · read assumptions below

How this is calculated ↗
Quality

Accrual quality

-3.1%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

1.8%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 726.3M2020-08-31: cfo $505,840,000.002020-08-31: capex $77,642,000.0020202021-08-31: cfo $555,226,000.002021-08-31: capex $61,325,000.0020212022-08-31: cfo $538,277,000.002022-08-31: capex $51,156,000.0020222023-08-31: cfo $645,573,000.002023-08-31: capex $60,786,000.0020232024-08-31: cfo $700,338,000.002024-08-31: capex $85,681,000.0020242025-08-31: cfo $726,260,000.002025-08-31: capex $108,806,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$330.74$360.87$393.27
10.0%$242.36$263.69$286.59
12.0%$191.21$207.48$224.92

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-08-312.3B597M726.3M108.8M4.3B
2024-08-312.2B537.1M700.3M85.7M4.1B
2023-08-312.1B468.2M645.6M60.8M4B
2022-08-311.8B396.9M538.3M51.2M4B
2021-08-311.6B399.6M555.2M61.3M2.2B
2020-08-311.5B372.9M505.8M77.6M2.1B
2019-08-311.4B352.8M427.1M59.4M1.6B
2018-08-311.4B267.1M385.7M33.5M1.4B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue2.3BRevenueFromContractWithCustomerExcludingAssessedTax2025-10-22
netIncome597MNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2025-10-22
Parent/common earnings proxy597MNetIncomeLossAvailableToCommonStockholdersBasic2025-10-22
cfo726.3MNetCashProvidedByUsedInOperatingActivities2025-10-22
capex108.8MPaymentsToAcquireProductiveAssets2025-10-22
operatingIncome748.3MOperatingIncomeLoss2025-10-22
assets4.3BAssets2025-10-22
equity2.2BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2025-10-22
Parent book equity proxy2.2BStockholdersEquity2025-10-22
debt1.4BLongTermDebt2025-10-22
shortDebtNot reported under a supported tag
cash337.7MCashAndCashEquivalentsAtCarryingValue2025-10-22
shares38.4MWeightedAverageNumberOfDilutedSharesOutstanding2025-10-22
dividends160MPaymentsOfDividends2025-10-22
buybacks300.5MPaymentsForRepurchaseOfCommonStock2025-10-22
issuance81.7MReviewed manual correction
Bounded FY2025-08-31 consolidated financing-statement extraction. Proceeds from employee stock plans: 81688000 USD [us-gaap:ProceedsFromStockPlans]. All 6 financing lines reconcile exactly to reported financing cash flow -407821000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net -27489000 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates.
2025-10-22