Filing Flows › Factset Research Systems (FDS) › Q3 FY25
Factset Research Systems (FDS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 3, 2025
Factset Research Systems (FDS) reported revenue of $586M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +3% from the quarter before. Operating margin was 33.2%, net earnings $149M (25.4% of revenue).
Factset Research Systems, Q3 FY25: revenue $586M (+6% year over year), operating margin 33.2%, net earnings $149M, operating cash flow $254M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $586M | +3% | +6% |
| Operating profit | $194M | +5% | -4% |
| Net earnings | $149M | +3% | -6% |
| Operating cash flow | $254M | +46% | +7% |
| Free cash flow | $229M | +52% | +5% |
What changed
Revenue was $585.5M in Q3 FY25, up 6% year over year and up 3% from the previous quarter. Americas was the largest line at 65% of revenue. Americas added $24.0M year over year (up 7%), 73% of the total change.
Operating profit was $194.2M, a 33.2% margin (down 3.5 points year over year). Operating profit fell $8.3M even though revenue rose $32.8M versus a year earlier, so costs grew faster than sales. Total costs grew 12% against revenue growth of 6%. The fastest-growing cost line was Cost of revenue (+14%). Net earnings were $148.5M, down 6% year over year. The effective tax rate was 17.5%.
Operating cash flow was $253.8M (up 7% year over year), 171% of net earnings. Non-cash charges added back $40.8M of depreciation and amortization and $17.0M of share-based compensation. Working capital and other items added $47.4M. Capital expenditures of $25.2M left free cash flow of $228.6M.
Questions
What was Factset Research Systems' revenue in the third quarter fiscal 2025?
Factset Research Systems (FDS) reported revenue of $586M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +3% from the quarter before.
Was Factset Research Systems profitable in the third quarter fiscal 2025?
Operating profit was $194M (33.2% of revenue) and net earnings $149M.