#1FACTSET > SEE THE ADVANTAGE FactSet Earnings Call Second Quarter Fiscal 2020 FACTSET > SEE THE ADVANTAGE March 26, 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 forecasted 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 March 26, 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.#5Organic ASV + Professional Services - Second Quarter 2020 By Region $146M APAC Growth rate: 7% $408M EMEA Growth rate: 3% $926M AMERICAS Growth rate: 4% *LTM Organic ASV Growth Rate is based on last twelve months as of February 29, 2020 $24M PROF SVCS Growth rate: 12% FACTSET > SEE THE ADVANTAGE ORGANIC GROWTH RATE 4.3% $1.50B TOTAL ASV + PROF SVC S Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 5#6Key Metrics¹ - Second Quarter 2020 ORGANIC ASV 2 + PROFESSIONAL SERVICES 4.3% Driven by higher sales from Analytics, Wealth and Americas Pricing ADJUSTED OPERATING MARGIN FACTSET > SEE THE ADVANTAGE 31.8% 140 basis points lower YoY due to investment plan spend ADJUSTED DILUTED EPS $2.55 5.4% growth YoY from lower tax rate 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. 6#7Progress in Areas of Accelerated Investment CONTENT TECHNOLOGY +0 FACTSET > SEE THE ADVANTAGE Deep Sector - Launched insurance industry data Wealth - StreetAccount coverage in Canada, Fund data expansion Private markets - Industry experts hired, Integrated new third party data APIs - Additional APIs launched. Beta clients with positive feedback Shift to public cloud - Several products migrated. On track to reduce data centre footprint. Personalization - New products in beta Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 7#8FACTSET > SEE THE ADVANTAGE Financial Overview FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#9Second Quarter 2020 Financial Results* (in thousands, except per share data) For the Three Months Ended GAAP Revenues Organic Revenues Operating Income Adjusted Operating Income Operating Margin Adjusted Operating Margin Net Income Adjusted Net Income GAAP Diluted EPS Adjusted Diluted EPS Free Cash Flow FEB 29, 2020 $369,780 FACTSET > SEE THE ADVANTAGE $370,988 $106,257 $117,922 28.7% 31.8% $88,686 $98,348 $2.30 $2.55 $ 74,550 * Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics FEB 28, 2019 $ 354,895 $ 356,194 $ 108,688 $ 118,243 30.6% 33.2% $ 84,702 $ 93,598 $ 2.19 $2.42 $ 87,277 % Change 4.2% 4.2% (2.2)% (0.3)% 4.7% 5.1% 5.0% 5.4% (14.6)% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 9#10Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months. No change versus 2019 | Q2 89% CLIENT RETENTION Percentage of clients retained. over the last twelve months. 200bps lower versus 2019 | Q2 FACTSET > SEE THE ADVANTAGE 128,896 USER COUNT Number of individuals accessing FactSet's workstations. 5.6% change since 2019 | Q2 5,688 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 5.2% change since 2019 | Q2 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 9#11Returning 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 $160 $54 YTD'20 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 11#12Business Outlook - Fiscal 2020¹ Organic ASV + Professional Services Growth ² GAAP Revenues GAAP Operating Margin Adjusted Operating Margin³ Effective Tax Rate GAAP Diluted EPS Guidance $50 - $75 million (revised) FactSet's expectations as of March 26, 2020. Actual results may differ materially from expectations above. 2 Growth over fiscal 2019. The prior range for this metric was $65 million to $85 million provided on September 26, 2019. 3 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. FACTSET > SEE THE ADVANTAGE $1.49 $1.50 billion 28.5% - 29.5% 31.5% -32.5% 17.0% - 17.5% $8.70 - $9.00 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. I Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 12#13FACTSET > SEE THE ADVANTAGE Questions & Answers FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#14FACTSET > SEE THE ADVANTAGE Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#15Non-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 FEBRUARY 29, 2020 FEBRUARY 28, 2019 $369,780 $354,895 1,188 1,299 20 $370,988 $356,194 % Change 4.2% 4.2% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 15#16Non-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 FEBRUARY 29, 2020 $106,257 5,143 1,188 5,334 $117,922 31.8% $88,686 4,183 966 4,513 $98,348 $2.30 0.11 0.03 0.11 $2.55 38,576 FEBRUARY 28, 2019 $ 108,688 5,839 1,299 2,417 $ 118,243 33.2% $ 84,702 4,742 1,055 1,718 1,381 $ 93,598 $ 2.19 0.12 0.03 0.04 0.04 $2.42 38,619 % Change (2.2)% (0.3)% 4.7% 5.1% 5.0% 5.4% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 16#17Non-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 FEBRUARY 29, 2020 $ 99,669 (25,119) $ 74,550 FEBRUARY 28, 2019 $ 99,234 (11,957) $ 87,277 % Change (14.6)% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 17#18Non-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 28.5% 1.6% 0.3% 1.1% 31.5% $ 337,000 19,485 3,900 21,150 $381,535 $ 8.70 0.50 0.10 0.55 $9.85 High End of Range 29.5% 1.6% 0.3% 1.1% 32.5% $ 349,000 19,485 3,900 21,150 $393,535 $9.00 0.50 0.10 0.55 $ 10.15 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 18#19FACTSET > SEE THE ADVANTAGE Thank you. FACTSET > SEE THE ADVANTAGE Copyright © 2019 FactSet Research Systems Inc. All rights reserved.