Filing Flows › Factset Research Systems (FDS) › Q4 FY25
Factset Research Systems (FDS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Oct 22, 2025
Factset Research Systems (FDS) reported revenue of $597M for the fourth quarter fiscal 2025 (Q4 FY25), +6% from a year earlier and +2% from the quarter before. Operating margin was 29.7%, net earnings $154M (25.7% of revenue).
Factset Research Systems, Q4 FY25: revenue $597M (+6% year over year), operating margin 29.7%, net earnings $154M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $597M | +2% | +6% |
| Operating profit | $177M | -9% | +39% |
| Net earnings | $154M | +3% | +72% |
| Operating cash flow | $212M | -16% | +30% |
| Free cash flow | $178M | -22% | +30% |
What changed
Revenue was $596.9M in Q4 FY25, up 6% year over year and up 2% from the previous quarter. Americas was the largest line at 65% of revenue.
Operating profit was $177.3M, a 29.7% margin (up 7.0 points year over year). Of the extra revenue versus a year earlier, 142% reached operating profit, above the 23% margin then. Total costs fell 3% while revenue rose 6%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $153.6M, up 72% year over year. The effective tax rate was 18.7%.
Operating cash flow was $212.1M (up 30% year over year), 138% of net earnings. Non-cash charges added back $42.7M of depreciation and amortization and $14.1M of share-based compensation. Capital expenditures of $34.0M left free cash flow of $178.1M.
Questions
What was Factset Research Systems' revenue in the fourth quarter fiscal 2025?
Factset Research Systems (FDS) reported revenue of $597M for the fourth quarter fiscal 2025 (Q4 FY25), +6% from a year earlier and +2% from the quarter before.
Was Factset Research Systems profitable in the fourth quarter fiscal 2025?
Operating profit was $177M (29.7% of revenue) and net earnings $154M.