Global financial digital solutions provider FactSet reported its first-quarter 2025 results, showing positive changes in the company's financial metrics.
FactSet's Q1 2025 Financial Results
FactSet reported a 4.9% increase in GAAP revenues, reaching $568.7 million compared to $542.2 million in the same period last year. Wealth, asset owners, and institutional asset managers were key drivers of this growth. At the same time, organic revenues also rose by 4.7%, amounting to $567.7 million for the quarter.
Profit and Operating Expenses Metrics
GAAP diluted earnings per share were $3.89, marking a 1.3% increase from the previous year, but fell short of the $4.25 expectations. Meanwhile, the adjusted diluted EPS exceeded expectations at $4.37, 6.1% higher than the $4.12 reported last year. This growth was driven by revenue increases, though tempered by higher operating expenses and an increased tax rate.
2025 Fiscal Year Outlook
FactSet reaffirmed its fiscal year 2025 outlook, expecting organic ASV growth between $90 million and $140 million. The company forecasts GAAP revenues to range from $2,285 million to $2,305 million. GAAP operating margin is expected to be between 32.5% and 33.5%, while the adjusted operating margin is projected at 36.0% to 37.0%. The effective tax rate will be between 17% and 18%. GAAP diluted EPS is expected to be in the range of $15.10 to $15.70, with adjusted diluted EPS between $16.80 and $17.40.
FactSet's Q1 2025 results highlight positive trends, affirming the business's resilience and effective management amidst evolving market conditions.
