“We ended fiscal 2024 with organic ASV plus Professional Services growth of $104 million or 4.8%, which is just above the midpoint of our guidance range provided in June.”
— Philip Snow
03Detailed Report
FDS
Company FDS
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 19, 2026
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Executive Summary
FactSet reported a solid Q4 2024 that capped a resilient fiscal year, delivering 4.93% revenue growth year over year to $562.19 million for the quarter and a full-year revenue run-rate around $2.2 billion. Organic ASV plus Professional Services grew by $104 million, or 4.8%, in fiscal 2024, landing above the guidance midpoint and signaling continued demand for FactSet’s data, analytics, and workflow solutions. The quarter featured a GAAP operating margin of 22.7% and an adjusted operating margin of 35.8%, with the adjusted metric benefiting from lower bonus accruals and stronger top-line growth, partly offset by higher technology-related spending and a one-time Massachusetts sales tax charge. Net income rose 37.4% YoY in the quarter to $89.5 million, and quarterly EPS was $2.32.
Key Performance Indicators
Revenue
Increasing
562.19M
QoQ: 1.72% | YoY: 4.93%
Gross Profit
Increasing
303.99M
54.07% margin
QoQ: -0.57% | YoY: 11.72%
Operating Income
Increasing
127.86M
QoQ: -36.69% | YoY: 9.18%
Net Income
Increasing
89.50M
QoQ: -43.41% | YoY: 37.43%
EPS
Increasing
2.32
QoQ: -44.10% | YoY: 35.67%
Revenue Trend
Margin Analysis
Financial Highlights
Key Q4/Q4-annual metrics and notable trends:
- Revenue: $562.187 million in Q4 2024; YoY growth 4.93% and QoQ growth 1.72% (Gross Profit Margin 54.1% in the quarter; Gross Profit $303.991 million).
- Profitability: GAAP operating income $127.858 million; GAAP operating margin 22.7%; Adjusted operating margin 35.8% (up 240 bps YoY); Net income $89.496 million; Net income margin 15.9%; Adjusted EPS $3.74 (+23.8% YoY).
- ASV and client metrics: Q4 organic ASV growth of $53.5 million, in line with prior-year level; annual organic ASV growth of 4.8% (total ASV growth for 2024 $104.4 million); client base >8,200 with 296 new logos; wealth users >100,000 and advisor desktops added >23,000 in 2024 (~30% seat growth).
- Cash flow and leverage: Free cash flow for the quarter $137.2 million; fiscal 2024 FCF $615 million (+5% YoY); cash $422.98 million at period end; gross leverage 1.6x after debt paydowns; plan to repay term loan in full by Q2 2025; share repurchases $63 million in Q4 (153,650 shares) and $235 million in FY2024 (537,800 shares); quarterly dividend of $1.04 per share.
- Guidance(2025): organic ASV growth of 5% at the midpoint; incremental organic ASV of $90m–$140m; adjusted operating margin targeted at 36%–37%; adjusted EPS guidance $16.80–$17.40; interest expense $44m–$48m; capex $95m–$105m. Management emphasizes GenAI monetization and data-content expansion as growth accelerants.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
562.19M
4.93%
1.72%
Gross Profit
303.99M
11.72%
-0.57%
Operating Income
127.86M
9.18%
-36.69%
Net Income
89.50M
37.43%
-43.41%
EPS
2.32
35.67%
-44.10%
Key Financial Ratios
Gross Profit Margin
Good
54.10%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Good
22.70%
Operating margin is healthy and competitive within industry standards
Net Profit Margin
Good
15.90%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Weak
2.21%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
4.68%
Return on equity suggests inefficient capital allocation
Current Ratio
Adequate
1.25
Current ratio meets minimum requirements but limited cushion
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