#1FACTSET > SEE THE ADVANTAGE FactSet Earnings Call Third Quarter Fiscal 2020 FACTSET > SEE THE ADVANTAGE June 25, 2020 Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#2Forward-Looking Statements and Non-GAAP Measures This presentation may contain forward looking statements reflecting management's current expectations based on currently available information. Actual results may differ materially from what is expressed or forecast in such forward-looking statements. More information about factors that could affect FactSet's business and financial results are in FactSet's filings with the SEC, including its most recent 8-K, 10-K and 10-Q. FactSet undertakes no obligation to publicly update any forward-looking statements as a result of new information, future events, or otherwise. In addition, this presentation and oral statements made in connection with this presentation reference non-GAAP financial measures, such as ASV, organic revenue, adjusted operating metrics, adjusted diluted EPS and free cash flow. The use of these non-GAAP measures are limited as they include and/or do not include certain items not included and/or included in the most directly comparable GAAP measure. A reconciliation of non- GAAP financial measures to the most directly comparable GAAP financial measures is provided in the appendix to this presentation and in FactSet's earnings release issued on June 25, 2020, which are posted on factset.com under the Investor Relations section. FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 2#3Agenda 01 02 03 04 05 Welcome / Introductions Business Update Financial Overview Questions and Answers Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 3#4FACTSET > SEE THE ADVANTAGE Business Update FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#5Operating Full Steam Ahead While Supporting Our Stakeholders Employees Clients 8 Community ● • Prioritizing employee health and safety ● • Successful roll out of WFH with 99% of employees working from home High productivity and engagement levels Offering stipends for longer-term WFH setups Monitoring each market, with phased, measured return to work process ● ● ● ● ● Staffed call center to ensure continued, high-quality customer service Enhanced front office, risk management and reporting solutions Strong execution during Earnings Season for core estimates content Donated for social justice, food insecurity, and health care worker causes Engaged in volunteer initiative for technology entrepreneurship for young women More support for global non-profit partners with grants and virtual volunteerism FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 5#6Digital Transformation Accelerating Industry-Wide FactSet's investment plan on track TECHNOLOGY 08 DI CONTENT FACTSET > SEE THE ADVANTAGE Industry shift to public cloud accelerating Increased emphasis on efficient workflows, mobile content and collaboration tools Open & flexible tech stacks even more important Successful end of Project Next Gen - FactSet public cloud transition continues Greater need for differentiated and personalized content Expanding critical content for financial sector and wealth market Private markets - key industry hires and content Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 6#7Organic ASV + Professional Services - Third Quarter 2020 By Region $150M APAC Growth rate: 9% $412M EMEA Growth rate: 4% $932M AMERICAS Growth rate: 5% *LTM Organic ASV Growth Rate is based on last twelve months as of February 29, 2020 $24M PROF SVCS Growth rate: 6% FACTSET > SEE THE ADVANTAGE ORGANIC GROWTH RATE 5.0% = $1.52B TOTAL ASV + PROF SVC S Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 7#8Key Metrics¹ - Third Quarter 2020 ORGANIC ASV 2 + PROFESSIONAL SERVICES 5.0% Driven by higher sales from Wealth, Research and International Pricing ADJUSTED OPERATING MARGIN FACTSET > SEE THE ADVANTAGE 35.5% 150 basis points higher YoY due to lower operating expenses ADJUSTED DILUTED EPS $2.86 9.2% growth YoY from improved operating results ¹ Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. 2 Annual Subscription Value (ASV) at any given point in time represents the forward-looking revenues for the next twelve months from all subscription services currently supplied to clients and excludes professional services fees billed in the last 12 months, which are not subscription-based. Organic ASV excludes the effects of acquisitions, dispositions and foreign currency. Professional services are revenues derived from project-based consulting and implementation. Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 8#9Board of Directors Scott A. Billeadeau James J. McGonigle FACTSET > SEE THE ADVANTAGE Robin A. Abrams Chair of the Board of Directors Siew Kai Choy Lee Shavel Philip Snow Chief Executive Officer Malcolm Frank Laurie Siegel Sheila B. Jordan Joseph R. Zimmel Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#10FACTSET > SEE THE ADVANTAGE Financial Overview FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#11Third Quarter 2020 Financial Results* (in thousands, except per share data) For the Three Months Ended GAAP Revenues Organic Revenues GAAP Operating Income Adjusted Operating Income GAAP Operating Margin Adjusted Operating Margin GAAP Net Income Adjusted Net Income GAAP Diluted EPS Adjusted Diluted EPS Free Cash Flow May 31, 2020 $ 374,083 FACTSET > SEE THE ADVANTAGE $375,336 $ 121,640 $ 133,380 32.5% 35.5% $ 101,216 $ 110,085 $2.63 $2.86 $ 139,943 * Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics May 31, 2019 $364,533 $365,807 $ 117,240 $ 122,795 32.2% 34.0% $ 92,265 $ 102,056 $2.37 $2.62 $ 148,346 % Change 2.6% 2.6% 3.8% 8.6% 9.7% 7.9% 11.0% 9.2% (5.7)% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 11#12Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months. No change versus 2019 | Q3 89% CLIENT RETENTION Percentage of clients retained over the last twelve months. 100bps lower versus 2019 | Q3 FACTSET > SEE THE ADVANTAGE 131,095 USER COUNT Number of individuals accessing FactSet's workstations. 6.6% change since 2019 | Q3 5,743 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 5.3% change since 2019 | Q3 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 9#13Returning Capital to Shareholders (in millions) $500 $400 $300 $200 $100 $- $256 $67 '15 $357 $74 '16 * Includes shares repurchased from employee stock options FACTSET > SEE THE ADVANTAGE $261 $81 '17 Cash Dividends $304 $89 '18 Share Repurchases * $220 $100 '19 $173 $81 YTD'20 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 13#14Business Outlook - Fiscal 2020¹ Organic ASV + Professional Services Growth ² GAAP Revenues GAAP Operating Margin 3 Adjusted Operating Margin ³ Effective Tax Rate GAAP Diluted EPS Original Guidance $65 $85 million FACTSET > SEE THE ADVANTAGE $1,490 $1,500 million 28.5% - 29.5% 31.5% -32.5% 17.0% 17.5% - $8.70 - $9.00 FactSet's expectations as of June 25, 2020. Actual results may differ materially from expectations above. 2 Growth over fiscal 2019. The range for this metric was revised on March 26, 2020 to $50 million to $75 million. 3 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. Revised Guidance $60 $75 million $1,485 - $1,490 million 30.0% 30.5% 33.0% 33.5% 15.5% 16.5% Adjusted Diluted EPS³ $9.85 - $10.15 The Business Outlook - Fiscal 2020 shown above is a forward-looking statement. Given the risk factors, uncertainties and assumptions, particularly the ongoing uncertainty surrounding the duration, magnitude and impact of the novel coronavirus pandemic, FactSet's actual future results may differ materially from these expectations. Investors should review the Company's cautionary statements and risk factors referred to in this presentation. $9.60 - $9.80 $10.40 $10.60 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 14#15FACTSET > SEE THE ADVANTAGE Questions & Answers FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#16FACTSET > SEE THE ADVANTAGE Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#17Non-GAAP Reconciliations Organic Revenues (in thousands) (Unaudited) GAAP Revenues Deferred revenue fair value adjustment Currency impact Organic Revenues FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED May 31, 2020 $374,083 1,169 84 $375,336 May 31, 2019 $364,533 1,274 $365,807 % Change 2.6% 2.6% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 17#18Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income and Diluted EPS (in thousands, except per share data) (Unaudited) GAAP Operating Income Intangible asset amortization Deferred revenue fair value adjustment Other non-recurring Items Adjusted Operating Income Adjusted Operating Margin GAAP Net Income Intangible asset amortization Deferred revenue fair value adjustment Other non-recurring Items Income tax items Adjusted Net Income GAAP Diluted Earnings per Common Share Intangible asset amortization Deferred revenue fair value adjustment Other non-recurring Items Income tax items Adjusted Diluted earnings per Common Share Weighted Average Common Shares (Diluted) FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED May 31, 2020 $121,640 5,107 1,169 5,464 $133,380 35.5% $101,216 4,204 963 4,436 (734) $110,085 $2.63 0.11 0.03 0.12 (0.03) $2.86 38,481 May 31, 2019 $ 117,240 5,928 1,274 (1,647) $ 122,795 34.0% $ 92,265 4,797 1,031 (1,333) 5,296 $ 102,056 $2.37 0.12 0.02 (0.03) 0.14 $ 2.62 38,993 % Change 3.8% 8.6% 9.7% 7.9% 11.0% 9.2% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 18#19Non-GAAP Reconciliations Free Cash Flow (in thousands) (Unaudited) Net Cash Provided by Operating Activities Capital Expenditures Free Cash Flow FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED May 31, 2020 May 31, 2019 $ 150,953 (11,010) $ 139,943 $ 159,770 (11,424) $ 148,346 % Change (5.7)% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 19#20Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in thousands, except per share data) FISCAL 2020 (FULL YEAR) GAAP operating margin Intangible asset amortization Deferred revenue fair value adjustment Other non-recurring items Adjusted Operating Margin GAAP Net Income Intangible asset amortization Deferred revenue fair value adjustment Other non-recurring items Adjusted Net Income GAAP Diluted Earnings per Common Share Intangible asset amortization Deferred revenue fair value adjustment Other non-recurring items Adjusted Diluted earnings per Common Share FACTSET > SEE THE ADVANTAGE Low End of Range 30.0% 1.4% 0.3% 1.3% 33.0% $ 370,000 17,600 4,085 8,675 $400,390 $9.60 0.46 0.11 0.23 $ 10.40 High End of Range 30.5% 1.4% 0.3% 1.3% 33.5% $ 380,000 17,600 4,085 8,675 $410,390 $9.80 0.46 0.11 0.23 $ 10.60 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 20#21FACTSET > SEE THE ADVANTAGE Thank you. FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.