#1SEE THE ADVANTAGE > FACTSET FactSet Earnings Call First Quarter Fiscal 2021 FACTSET > SEE THE ADVANTAGE December 21, 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 December 21, 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.#4SEE THE ADVANTAGE > FACTSET Business Update FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#5Truvalue Labs' Technology Driven Approach - Leveraging Al to Analyze ESG TRUVALUE LABS A FACTSET Company AGGREGATE EXTRACT ANALYZE GENERATE DELIVER ESG Data Alignment FACTSET > SEE THE ADVANTAGE TRUVALUE LABS Standard SASB Materiality Framework ----- ******** ******* UN SDG Framework ------ wwww.... CUSTOMIZED LENS TCFD I Framework 100,000+ sources media, stakeholders, other 3rd parties 1,000,000+ data points processed per month 300,000 signals generated monthly 4 key scores for 26 ESG categories 13 years of history on 18,000+ companies Pioneer in using Al to uncover ESG data Generating both positive and negative signals on companies Mapped to SASB, SDGs with signals around any intangible risk Wide coverage including 20,000+ companies Award winning recognition for innovative ESG data Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 5#6Key Metrics¹ - First Quarter 2021 5.0% ORGANIC AS V2 + PROFESSIONAL SERVICES Driven by improved results in Research + 34.3% ADJUSTED OPERATING MARGIN 40 basis points higher Yo Y due to improved operating results + $2.88 ADJUSTED DILUTED EPS 12% growth YoY from higher 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. FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 6#7ASV Professional Services Growth Rates* - By Global Segments $1.56B Organic ASV + Professional Services $25M Pro Svcs +5% FACTSET > SEE THE ADVANTAGE + 5% $422M ΕΜΕΑ +4% *LTM Organic ASV Growth Rate is based on last twelve months as of November 30, 2020 $954M AMERICAS +5% $156M ASIAPAC +8% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 7#8SEE THE ADVANTAGE > FACTSET Financial Overview FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#9First Quarter 2021 Financial Results* (in thousands, except per share data) 5.9% GAAP Revenues 11/30/20 $388,206 11/30/19 $366,658 7.7% GAAP Net Income 11/30/20 $101,206 11/30/19 $93,957 5.1% Organic Revenues 11/30/20 $386,651 11/30/19 $367,874 11.7% 7.8% Adjusted Net Income 11/30/20 $111,283 11/30/19 $99,655 * Please see Appendix for a reconciliation of non-GAAP metrics to GAAP metrics 6.9% GAAP Operating Income 11/30/20 $121,031 11/30/19 $113,186 FACTSET > SEE THE ADVANTAGE GAAP Diluted EPS 11/30/20 $2.62 11/30/19 $2.43 6.6% Adjusted Operating Income 11/30/20 $133,003 11/30/19 $124,722 11.6% Adjusted Diluted EPS 11/30/20 $2.88 11/30/19 $2.58 30bps GAAP Operating Margin 11/30/20 31.2% 11/30/19 30.9% 2.8% Free Cash Flow 11/30/20 $70,944 11/30/19 $69,011 40bps Adjusted Operating Margin 11/30/20 34.3% 11/30/19 33.9% 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 2020 | Q1 90% CLIENT RETENTION Percentage of clients retained over the last twelve months. 100bps higher versus 2020 | Q1 FACTSET > SEE THE ADVANTAGE 138,238 USER COUNT Number of individuals accessing FactSet's workstations. 9.0% change since 2020 | Q1 5.939 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 6.0% change since 2020 | Q1 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 10#11Returning Capital to Shareholders (in millions except share price) $357 $74 '16 -$157.16 FACTSET > SEE THE ADVANTAGE $261 $81 $162.62 '17 Cash Dividends * Includes shares repurchased from employee stock options for 2016 and 2017 $304 $89 '18 $197.06 $220 $100 '19 Share Repurchases $241.08 -Avg. Price $270.10 $200 $110 '20 $304.99 $157 $112 Q1 '21 LTM Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 11#12Business Outlook - Fiscal 20211 The Business Outlook - Fiscal 2021 shown here 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. Organic ASV + Professional Services Growth ² FACTSET > SEE THE ADVANTAGE GAAP Revenues GAAP Operating Margin Adjusted Operating Margin³ Effective Tax Rate GAAP Diluted EPS Adjusted Diluted EPS³ 1 FactSet's expectations as of September 24, 2020. Actual results may differ materially from expectations above. 2 Growth over fiscal 2020. 3 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. Fiscal 2021 Outlook $55 $85 million $1,570 - $1,585 million 29.5% - 30.5% 32.0% 33.0% 15.0% - 16.5% $10.05 $10.45 $10.75 $11.15 - Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 12#13SEE THE ADVANTAGE > FACTSET Questions & Answers FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#14SEE THE ADVANTAGE > FACTSET 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 Acquired revenues Currency impact Organic Revenues FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED NOVEMBER 30 2020 $ 388,206 60 (375) (1,240) $ 386,651 2019 $366,658 1,262 $367,874 % Change 5.9% 5.1% 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 NOVEMBER 30 2020 $ 121,031 5,699 60 6,213 $ 133,003 34.3% $ 101,206 4,797 51 5,229 $ 111,283 $ 2.62 0.12 0.00 0.14 $ 2.88 38,697 2019 $ 113,186 5,152 1,216 5,168 $ 124,722 33.9% $ 93,957 4,181 987 4,011 (3,481) $ 99,655 $ 2.43 0.11 0.03 0.10 (0.09) $2.58 38,587 % Change 6.9% 6.6% 7.7% 11.7% 7.8% 11.6% 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 NOVEMBER 30 2020 $ 89,277 $ (18,333) $70,944 2019 $ 95,791 (26,780) $ 69,011 % Change 2.8% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 17#18Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in millions, except per share data) FISCAL 2021 (FULL YEAR) GAAP operating income GAAP operating margin Intangible asset amortization Other non-recurring items Adjusted operating income Adjusted Operating Margin GAAP Net Income Intangible asset amortization Other non-recurring items Discrete tax items Adjusted Net Income GAAP Diluted Earnings per Common Share Intangible asset amortization Discrete tax items. Other non-recurring items Adjusted Diluted earnings per Common Share FACTSET > SEE THE ADVANTAGE Low End of Range $468 29.5% 25 14 $ 507 32.0% $386 21 12 (5) $415 $10.05 0.55 0.30 (0.15) $10.75 High End of Range $479 30.5% 25 14 $518 33.0% $ 402 21 12 (5) $ 430 $9.45 0.55 0.30 (0.15) $11.15 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 18#19SEE THE ADVANTAGE > FACTSET Thank you. FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.