#1FACTSET Thursday, June 23, 2022 FactSet Earnings Call Third Quarter Fiscal 2022 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 1 Anvit 2.859 Movers Den Charter Connun. 2107.578.064 Mr W $41.380.160 PRA $130.231 SIBA 10 IMM 2AM 5.5 FTSE 100 6,176.19 PMAN BUNEAS JAW Sour DUGM 10 AM 053 1 05 x OWARING 6.15 14153325 +80.78 AYLIZA EURO STOXX 50 (EUR) 3,321.39 Fo First That Value Line David COME Coca-Cola Cod he Bottom Cable One ho KLM Martin Marea Mac DC Graham Holdings Co 30.111.41 $75,187,90 $21.643.032 $123.325.065 $105.000.000 Apple Inc. 5379.39 © 6.79 USO Uvid Gantos 11.244.801 $5,723 42.021.304 14.30, far (0.85%) DIA) - O / 23 2.2 20 Ga DJ 30 Ind 26,08 145 11.7% 7.85 S#2FACTSET Forward-Looking Statements and Non-GAAP Measures This presentation, and other statements that FactSet may make in connection with this presentation, contains forward-looking statements based on management's current expectations, assumptions, estimates, forecasts and projections about future events and circumstances. All statements that address expectations, guidance, outlook or projections about the future, including statements about our strategy, future financial results, anticipated growth, expected expenditure, product development, market position and trends, are forward-looking statements. Forward-looking statements may be identified by words like "expects," "believes," "anticipates," "plans," "intends," "estimates," "projects," "should," "indicates," "continues," "may," and similar expressions. These statements are not guarantees of future performance and involve numerous risks, uncertainties, and assumptions. Many factors, including those discussed more fully in FactSet's filings with the Securities and Exchange Commission, particularly our latest annual report on Form 10-K and quarterly reports on Form 10-Q, could cause results to differ materially from those stated. These documents are available on our website at http://investor.factset.com and on the SEC's website at http://www.sec.gov. FactSet believes our expectations and assumptions are reasonable, but there can be no assurance that the expectations reflected herein will be achieved. Unless legally required, we undertake no obligation to update any forward-looking statements made in this presentation whether because 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 revenues, adjusted operating income, adjusted operating margin, adjusted EBITDA, adjusted net income, adjusted diluted EPS and free cash flow. Forward-looking non-GAAP financial measures reflect management's current expectations and beliefs, and we are not able to reconcile such non- GAAP measures to reported measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability. Non-GAAP measures should be considered in addition to, not as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP, as more fully discussed in FactSet's financial statements and filings with the SEC. 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 23, 2022, which are posted on www.factset.com under the Investor Relations section. Copyright © 2022 FactSet Research Systems Inc. All rights reserved. Business Use Only#3FACTSET Agenda ● ● Welcome Business Update Financial Overview Questions and Answers Appendix Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only#4FACTSET Business Update#5FACTSET Key Metrics - Third Quarter 2022 1 10.1% ORGANIC ASV + PROFESSIONAL SERVICES GROWTH Driven by higher sales of analytics and research & advisory solutions + 2 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 36.6% ADJUSTED OPERATING MARGIN 500 basis points higher YoY due to the acquisition of CUSIP Global Services and lower compensation expense + $3.76 ADJUSTED DILUTED EPS 2 38.2% increase YoY from higher revenues and margin expansion 1 LTM organic growth rate based on May 31, 2022. 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 and dispositions completed within the last 12 months and foreign currency movements. Professional services are revenues derived from project-based consulting and implementation. 2 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics.#6FACTSET Purpose: Drive the Investment Community to See More, Think Bigger, and Do Its Best Work Client Obsession Drive Next-Gen Workflow Solutions Scale Up Our Content Refinery Client Obsession: Provide open, flexible, adaptive, solutions as part of our open ecosystem with hyper- personalized digital products to provide the next best action across the investment lifecycle Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only Next Generation Workflows: Build differentiated next generation solutions to streamline our clients' workflows and deliver tangible efficiencies for the front, middle, and back office Content Refinery: Provide the most comprehensive and connected inventory of client, proprietary, and third-party content in our industry 6#7FACTSET ASV + Professional Services Growth Rates* - By Global Segments $1.8B $24M Pro Svcs +2% Organic ASV + Professional Services * LTM Organic ASV Growth Rate based on last twelve months as of May 31, 2022 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only +10% $471M EMEA +8% $1,093M AMERICAS +10% $186M ASIAPAC +14%#8FACTSET Financial Overview#9FACTSET Third Quarter 2022 Financial Results* (in thousands, except per share data) 22.3% 10.5% (17.4%) 41.6% Operating Income 5/31/22 $97,254 5/31/21 $117,702 Revenues 5/31/22 $488,751 5/31/21 $399,558 Organic Revenues 5/31/22 $441,693 5/31/21 $399,793 Net Income 5/31/22 $74,910 5/31/21 $100,679 (25.6%) 39.1% (26.3%) 38.2% Adjusted Net Income Diluted EPS 5/31/22 $1.93 5/31/21 $2.62 5/31/22 $145,794 5/31/21 $104,810 Adjusted Operating Income * Please see Appendix for a reconciliation of non-GAAP metrics to GAAP metrics. Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 5/31/22 $179,066 5/31/21 $126,465 Adjusted Diluted EPS 5/31/22 $3.76 5/31/21 $2.72 (960bps) 500bps Operating Margin 5/31/22 19.9% 5/31/21 29.5% Adjusted Operating Margin 5/31/22 36.6% 5/31/21 31.6% 30.1% 45.1% Free Cash Flow 5/31/22 $176,568 5/31/21 $121,567 Adjusted EBITDA 5/31/22 $173,477 5/31/21 $133,338#10FACTSET CUSIP Global Services Integration going well, with strong financial performance in Q3. On track to contribute $5M ASV in fiscal 2022 Pre-Acquisition Post-Acquisition CUSIP GLOBAL SERVICES Experience Process Technology Innovation Annual Subscription Value (ASV) Annual Revenues % Subscription % Non-Subscription CY 2021 ~ $157M As of Dec 31, 2021 ~ $180M Calendar Year 2021 85% ~ 15% ~ Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only FY 2022 ~ $165M As of Aug 31, 2022 ~ $185M Pro Forma Full Year > 85% < 15% FY 2025 Mid-to-High Single Digit Growth Mid-to-High Single Digit Growth Constant Varies with Market Conditions 10#11FACTSET Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months. = No change versus 2021 | Q3 92% CLIENT RETENTION Percentage of clients retained over the last twelve months. 120bps higher versus 2021 | Q3 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 173,698 USER COUNT Number of individuals accessing FactSet's solutions. 12% change since 2021 | Q3 7.319 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 19% change since 2021 | Q3#12FACTSET Returning Capital to Shareholders (in millions except share price) $261 $81 $162.62 '17 $304 $89 '18 $197.06 Cash Dividends Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only $220 $241.08 $100 '19 $270.10 $201 $110 '20 Share Repurchases $330.26 $265 $118 '21 Avg. Share Price * Includes shares repurchased from employee stock options for 2017 $111 $123 Q3 '22 LTM#13FACTSET We reaffirm fiscal 2022 guidance of 8% -9% ASV¹ growth and expanded margin Guiding to the higher end of the ranges, with tax expected to come in at the lower end of the range Organic ASV + Professional Services Growth³ Revenues Operating Margin Adjusted Operating Margin Effective Tax Rate Diluted EPS FISCAL 2022 OUTLOOK As of June 21, 2022² $130-$150 million $1,800-$1,830 million ¹ Organic ASV + Professional Services 2 FactSet's expectations as of June 21, 2022. Actual results may differ materially from the expectations above 3. Growth over fiscal 2021. 25.5% -26.5% 33% -34% 12.5% -13.5% $9.75 - $10.15 Adjusted Diluted EPS $12.75-$13.15 The Fiscal 2022 Outlook shown here is a forward-looking statement. Given the risks, uncertainties and assumptions related to FactSet's business and operations, 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 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only#14FACTSET Questions & Answers#15FACTSET Appendix#16FACTSET Non-GAAP Reconciliations Organic Revenues (in thousands) (Unaudited) Revenues Deferred Revenues Fair Value Adjustment Adjusted Revenues Acquired Revenues Currency Impact Organic Revenues Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only FOR THE THREE MONTHS ENDED MAY 31 2022 $488,751 1 488,752 (49,385) 2,326 $441,693 2021 $399,558 181 399,739 $ 399,739 % Change 22.3% 22.3% 10.5%#17FACTSET Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income (in thousands, except per share data) (Unaudited) Operating Income Intangible Asset Amortization Deferred Revenues Fair Value Adjustment Transformation Costs Business Acquisition Costs Restructuring/ Severance Real Estate Charges Adjusted Operating Income Operating Margin Adjusted Operating Margin Net Income Intangible Asset Amortization Deferred Revenues Fair Value Adjustment Transformation Costs Restructuring/ Severance Business Acquisition Costs Real Estate Charges Income Tax Items Adjusted Net Income 2022 $97,254 18,548 1 979 12,408 1,079 48,797 $179,066 19.9% ¹ 36.6% $74,910 16,184 1 854 10,827 941 42,577 (500) $145,794 FOR THE THREE MONTHS ENDED MAY 31 1 Adjusted operating margin is calculated as adjusted operating income divided by adjusted revenues as shown in the revenues table above. Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 2021 $117,702 5,741 181 2,841 $126,465 29.5% 1 31.6% $100,679 4,746 150 2,349 (3,114) $104,810 % Change (17.4)% 41.6% (25.6) 39.1%#18FACTSET Non-GAAP Reconciliations Adjusted EBITDA (in thousands) (Unaudited) Net Income Interest Expense, net Income taxes Depreciation and amortization expense EBITDA Non-recurring cash expenses Adjusted EBITDA Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only FOR THE THREE MONTHS ENDED MAY 31 2022 $74,910 12,051 10,370 27,349 124,680 48,797 173,477 2021 $ 100,679 1,839 13,597 17,223 133,338 133,338 % Change (25.6%) (6.5%) 30.1%#19FACTSET Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) (Unaudited) Diluted Earnings per Common Share Intangible Asset Amortization Deferred Revenues Fair Value Adjustment Transformation Costs Business Acquisition Costs Restructuring/ Severance Real Estate Charges Income Tax Items Adjusted Diluted Earnings per Common Share Weighted Average Common Shares (Diluted) Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 2022 $1.93 0.42 0.00 0.02 0.28 0.02 1.10 (0.01) $3.76 38,720 FOR THE THREE MONTHS ENDED MAY 31 2021 $2.62 0.12 0.00 0.06 0.00 (0.08) $2.72 38,488 % Change (26.3) 38.2%#20FACTSET Non-GAAP Reconciliations Free Cash Flow (in thousands) (Unaudited) Net Cash Provided by Operating Activities Capital Expenditures Free Cash Flow Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only FOR THE THREE MONTHS ENDED MAY 31 2022 $191,972 (15,404) $176,568 2021 $ 140,313 (18,656) $ 121,657 % Change 45.1%#21FACTSET Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income (in millions, except per share data) Fiscal 2022 (Full Year) Revenues Operating Income Operating Margin Intangible Asset Amortization Transformation Costs Real Estate Charges Restructuring/Severance Business Acquisition Costs Adjusted Operating Income Adjusted Operating Margin Net Income Intangible Asset Amortization Transformation Costs Real Estate Charges Restructuring/Severance Business Acquisition Costs Discrete Tax Items Adjusted Net Income Low End of Range $1,800 $ 459 25.5% 26 5 55 9 40 $ 594 Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only. 33.0% $376 22 4 48 8 35 (2) $ 492 High End of Range $1,830 $485 26.5% 26 5 55 9 42 $622 34.0% $ 391 22 4 48 8 35 (2) $ 507#22FACTSET Non-GAAP Reconciliations Business Outlook Diluted EPS (in millions, except per share data) Fiscal 2022 (Full Year) Diluted Earnings per Common Share Intangible Asset Amortization Transformation Costs Real Estate Charges Restructuring/Severance Business Acquisition Costs Discrete Tax Items Adjusted Diluted Earnings per Common Share Copyright © 2022 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only Low End of Range $9.75 0.58 0.11 1.26 0.20 0.91 (0.06) $ 12.75 High End of Range $ 10.15 0.58 0.11 1.26 0.20 0.91 (0.06) $ 13.15#23FACTSET Thank you