#1FACTSET Tuesday December 19, 2023 FactSet Earnings Call First Quarter Fiscal 2024 Copyright © 2023 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 December 19, 2023, which are posted on www.factset.com under the Investor Relations section. Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 2#3FACTSET Agenda ● ● ● Welcome Business Update Financial Overview Questions and Answers Appendix Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 3#4FACTSET Key Metrics - First Quarter 2024 7.1% 1 ORGANIC ASV + PROFESSIONAL SERVICES GROWTH Driven by higher Wealth sales and increased sales of data. + 37.6% ADJUSTED OPERATING MARGIN 2 Decreased by ~70 bps YoY due to higher technology expenses, which were partially offset by lower facilities expenses, professional fees and T&E expenses. + $4.12 ADJUSTED DILUTED EPS 2 Increased by 3.3% YoY due to revenue growth partially offset by margin compression and a higher tax rate. 1 LTM organic growth rate based on November 30, 2023. 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. Professional services are revenues derived from project-based consulting and implementation. Organic ASV excludes the effects of acquisitions and dispositions completed within the last twelve months and foreign currency movements. 2 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 4#5FACTSET Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months. No change versus 2023 | Q1 90% CLIENT RETENTION Percentage of clients retained over the last twelve months. Down ~150bps versus 2023 | Q1 Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only No 207,083 USER COUNT of indivi als accessing FactSet's solutions. 14% change since 2023 | Q1 7,945 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 4% change since 2023 | Q1 5#6FACTSET ASV + Professional Services Growth Rates* - By Global Segments $2,185 Million Organic ASV + Professional Services $22M Pro Svcs (4)% * LTM Organic ASV Growth Rate based on last twelve months as of November 30, 2023 Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only +7.1% $552M EMEA +5% $1,395M AMERICAS +8% $216M ASIAPAC +8% 6#7FACTSET We continued to deliver on our strategy: To build the leading open content and analytics platform that delivers differentiated advantage for our clients' success Scale Up Our Content Refinery Deep Sector is driving wins and renewals within banking, positioning us to increase market share Next Generation Workflow Solutions Industry leading analytics and middle office solutions drove a key performance win as asset managers and asset owners rely on our portfolio lifecycle Growing demand for cloud- native solutions contribute to real time deployments Client Obsession Generative Al is fueling innovation and development, allowing us to reimagine the client experience across workflows Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 7#8FACTSET Financial Overview 8#9FACTSET First Quarter 2024 Financial Results* (in thousands, except per share data) 7.4% Revenues 11/30/23 $542,216 11/30/22 $504,815 8.6% Net Income 11/30/23 $148,555 11/30/22 $136,798 7.2% Organic Revenues 11/30/23 $541,393 11/30/22 $504,815 2.5% Adjusted Net Income 11/30/23 $159,127 11/30/22 $155,171 10.0% Operating Income 11/30/23 $189,040 11/30/22 $171,895 9.1% Diluted EPS 11/30/23 $3.84 11/30/22 $3.52 * Please see Appendix for a reconciliation of non-GAAP metrics to GAAP metrics. Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 5.5% Adjusted Operating Income 11/30/23 $203,965 11/30/22 $193,402 3.3% Adjusted Diluted EPS 11/30/23 $4.12 11/30/22 $3.99 80bps Operating Margin 11/30/23 34.9% 11/30/22 34.1% 9.3% EBITDA 11/30/23 $219,002 11/30/22 $200,419 (70bps) Adjusted Operating Margin 11/30/23 37.6% 11/30/22 38.3% 56.4% Free Cash Flow 11/30/23 $138,678 11/30/22 $88,676 9#10FACTSET We remain focused on returning capital to shareholders FactSet continued share repurchases in the first fiscal quarter of 2024 Figures in millions accept share price $162.62 $261 $81 '17* $197.06 $304 $89 '18 $241.08 $220 $100 '19 Cash Dividends * Includes shares repurchased from employee stock options for 2017 $270.10 $201 $110 $330.26 $265 $118 '21 '20 Share Repurchases $403.44 $19 $126 '22 -Average Share Price $410.64 $177 $139 '23 $440.67 $59 $37 'Q1 FY24 Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 10#11FACTSET At the midpoint, guidance for fiscal 2024 reflects ASV growth of 6% and adjusted operating margin of 36.5%, yielding expansion of 30bps over fiscal 2023. Adjusted EPS midpoint is $15.80, for 7.8% growth Organic ASV + Professional Services Growth¹ Revenues Operating Margin Adjusted Operating Margin Effective Tax Rate Diluted EPS FISCAL 2024 OUTLOOK As of December 19, 2023 $110-$150 million $2,200 - $2,210 million 32.5% -33.0% 36.3% -36.7% 16.5% -17.5% $13.95 - $14.35 $15.60 - $16.00 Adjusted Diluted EPS The Fiscal 2024 Outlook shown here is a forward-looking statement. Given the risks, uncertainties and assumptions related to FactSet's business and operations, FactSet's actual future results may differ materially from these expectations. Investors should review the Company's cautionary statements and risk factors referred to in this presentation 1 Organic ASV + Professional Services growth as compared to fiscal 2023 Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 11#12FACTSET Questions & Answers#13FACTSET Appendix#14FACTSET First Quarter 2024 Adjusted Operating Income Walk US$ millions 542 Revenue 220 People Figures as of November 30, 2023 Note: Columns may not foot due to rounding 26 Third Party Content 48 Technology 17 Real Estate 27 Other 204 Adjusted Operating Income Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only#15FACTSET Non-GAAP Reconciliations Organic Revenues (in thousands) (Unaudited) GAAP Revenues Acquired Revenues Currency Impact Organic Revenues Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only FOR THE THREE MONTHS ENDED NOVEMBER 30 2023 $542,216 (174) (649) $541,393 2022 $504,815 $504,815 % Change 7.4% 7.2%#16FACTSET Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income (in thousands, except per share data) (Unaudited) GAAP Operating Income Intangible Asset Amortization Restructuring/ Severance Business Acquisition Costs Adjusted Operating Income Operating Margin Adjusted Operating Margin GAAP Net Income Intangible Asset Amortization Restructuring/ Severance Business Acquisition Costs Income Tax Items Adjusted Net Income 2023 $189,040 17,344 (2,419) $203,965 34.9% 1 37.6% $148,555 12,368 (1,725) (71) $159,127 FOR THE THREE MONTHS ENDED NOVEMBER 30 Adjusted operating margin is calculated as adjusted operating income divided by adjusted revenues as shown in the revenues table above. Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 2022 $171,895 18,008 $3,499 $193,402 34.1% 1 38.3% $136,798 15,577 3,026 (230) $155,171 % Change 10.0% 5.5% 8.6% 2.5%#17FACTSET Non-GAAP Reconciliations EBITDA (in thousands) (Unaudited) Net Income Interest Expense, net Income taxes Depreciation and amortization expense EBITDA Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only FOR THE THREE MONTHS ENDED NOVEMBER 30 2023 $148,555 16,738 26,641 27,068 $219,002 2022 $136,798 16,537 21,087 25,997 $200,419 % Change 8.6% 9.3%#18FACTSET Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) (Unaudited) GAAP Diluted Earnings per Common Share Intangible Asset Amortization Restructuring/ Severance Business Acquisition Costs Income Tax Items Adjusted Diluted Earnings per Common Share Weighted Average Common Shares (Diluted) Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only 2023 $3.84 0.32 (0.04) 0.00 FOR THE THREE MONTHS ENDED NOVEMBER 30 $4.12 38,643 2022 $3.52 0.40 0.08 (0.01) $3.99 38,914 % Change 9.1% 3.3%#19FACTSET Non-GAAP Reconciliations Free Cash Flow (in thousands) (Unaudited) Net Cash Provided by Operating Activities Capital Expenditures Free Cash Flow Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only FOR THE THREE MONTHS ENDED NOVEMBER 30 2023 $155,144 (16,466) $138,678 2022 $106,636 (17,960) $88,676 % Change 56.4%#20FACTSET Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income (in millions, except per share data) Fiscal 2024 (Forward Looking) Revenues Operating Income Operating Margin Intangible Asset Amortization Adjusted Operating Income Adjusted Operating Margin Net Income Intangible Asset Amortization Discrete Tax Items Adjusted Net Income Low End of Range $2,200 $715 32.5% 84 $ 799 36.3% $ 540 70 (6) $604 Note: Columns may not foot due to rounding The Fiscal 2024 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 High End of Range $2,210 $729 33.0% 82 $ 811 36.7% $ 556 68 (5) $618 Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only#21FACTSET Non-GAAP Reconciliations Business Outlook Diluted EPS (in millions, except per share data) Diluted Earnings per Common Share Intangible Asset Amortization Discrete Tax Items Adjusted Diluted Earnings per Common Share Low End of Range $13.95 1.81 (0.16) $15.60 Note: Columns may not foot due to rounding The Fiscal 2024 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 High End of Range $14.35 1.75 (0.13) $16.00 Copyright © 2023 FactSet Research Systems Inc. All rights reserved. FactSet Business Use Only#22FACTSET Thank you