#1SEE THE ADVANTAGE > FACTSET FactSet Earnings Call Fourth Quarter Fiscal 2021 FACTSET > SEE THE ADVANTAGE September 28, 2021 Copyright © 2021 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 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 September 28, 2021, which are posted on factset.com under the Investor Relations section. FACTSET > SEE THE ADVANTAGE Copyright © 2021 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 740 UTLOL 1 POOHON 0 10 10 0 1 0 0 10 1 0 10 1.0 Q 1 T070 TOTOOOH 0 10 1 0 0 10 10 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. T070#4SEE THE ADVANTAGE > FACTSET Business Update FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#52021 Accomplishments +41 +25 years of years of consecutive consecutive adjusted diluted EPS growth revenue growth ESG Joined UN Global Compact and PRI; committed to becoming MLT Black Equity at Work certified; published global diversity figures 25 years of being a publicly listed company FACTSET > SEE THE ADVANTAGE Q4 highest reported quarterly ASV in the history of the company ●●● 114% 122 6 Year over years of year workstation growth consecutive dividend growth Won numerous awards Won 30+ across multiple workflows, from research and wealth to risk and trading, including best overall data or service provider 2021 from Waters Technology 1 Human Rights Campaign Corporate Equality Index is the national benchmarking tool on corporate policies, practices and benefits pertinent to lesbian, gay, bisexual, transgender and queer employees. M&A Acquired companies that enhance our ESG and Deep Sector content + Analytics technology Cloud Integration Increased offerings on cloud-based platforms, including Snowflake, Microsoft, and AWS years of consecutive listing on the HRC corporate equality index ¹88 Digital Engagement Trained a record number of new banking hires - all virtually Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 5#6Key Metrics¹ - Fourth Quarter 2021 7.2% ORGANIC AS V2 + PROFESSIONAL SERVICES Driven by higher sales from Research and CTS 31.6% ADJUSTED OPERATING MARGIN 150 basis points lower Yo Y due to higher compensation + $2.88 ADJUSTED DILUTED EPS Flat YoY due to higher revenue offset by higher expenses and 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. FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 6#7ASV + Professional Services Growth Rates* - By Global Segments & Businesses $1.68B Organic ASV + Professional Services $24M Pro Svcs -3% $451 M ΕΜΕΑ +6% $1,029 M AMERICAS FACTSET > SEE THE ADVANTAGE +7% $175M ASIAPAC +12% *LTM Organic ASV Growth Rate is based on last twelve months as of August 31, 2021 +7% $683M RESEARCH +6% $596M ANALYTICS +6% $218M $181M CTS WEALTH +16% +6% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 7#8SEE THE ADVANTAGE > FACTSET Financial Overview FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#9Fiscal 2021 Results versus Guidance Organic ASV Growth Rate GAAP Revenues GAAP Operating Margin Adjusted Operating Margin² Annual Effective Tax Rate ³ GAAP Diluted EPS Adjusted Diluted EPS² FY 2021 Guidance¹ FACTSET > SEE THE ADVANTAGE $85m - $95m $1.570b $1.585b 29.5% - 30.5% 32.0% 33.0% 15.0% 16.5% $10.05 $10.45 $10.75 $11.15 FY 2021 Results ¹ Latest annual guidance as of June 29th, 2021. 2 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. 3 Guidance for annual effective tax rate provided for fiscal 2021 did not include any one-time expense or benefit items but included an estimate for stock-based compensation tax benefits. $112.1m + $1.591b 29.8% 32.5% 14.5% $10.36 $11.20 + || + || + Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 9#10Fourth Quarter 2021 Financial Results* (in thousands, except per share data) 7.4% GAAP Revenues 8/31/21 $411,894 8/31/20 $383,590 13.5% GAAP Net Income 8/31/21 $101,062 8/31/20 $89,079 6.7% Organic Revenues 8/31/21 $410,133 8/31/20 $384,209 1.0% Adjusted Net Income ¹ 8/31/21 $110,874 8/31/20 $112,034 * Please see Appendix for a reconciliation of non-GAAP metrics to GAAP metrics FACTSET > SEE THE ADVANTAGE 20.9% GAAP Operating Income 8/31/21 $119,176 8/31/20 $98,577 14.8% GAAP Diluted EPS 8/31/21 $2.63 8/31/20 $2.29 2.4% Adjusted Operating Income ¹ 8/31/21 $130,384 8/31/20 $127,379 0% Adjusted Diluted EPS1 8/31/21 $2.88 8/31/20 $2.88 320bps GAAP Operating Margin 8/31/21 28.9% 8/31/20 25.7% 18.3% Free Cash Flow 8/31/21 $171,157 8/31/20 $144,695 150bps Adjusted Operating Margin¹ 8/31/21 31.6% 8/31/20 33.2% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 10#11Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months = =No change versus 2020 | Q4 91% CLIENT RETENTION Percentage of clients retained over the last twelve months 100bps higher versus 2020 | Q4 FACTSET > SEE THE ADVANTAGE 160,932 USER COUNT Number of individuals accessing FactSet's solutions ▲ 14% change since 2020 | Q4 6,453 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000 10% change since 2020 | Q4 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 11#12Returning Capital to Shareholders (in millions except share price) $261 $81 '17 $162.62 FACTSET > SEE THE ADVANTAGE $197.06 $304 $89 '18 Cash Dividends $241.08 $220 $100 '19 Share Repurchases $270.10 $201 $110 ¹20 Avg. Share Price $330.26 $265 $118 ¹21 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 12#13Business Outlook - Fiscal 2022¹ Organic ASV + Professional Services Growth2 GAAP Revenues GAAP Operating Margin Adjusted Operating Margin ³ Effective Tax Rate GAAP Diluted EPS 1 FactSet's expectations as of September 28, 2021. Actual results may differ materially from expectations above. 2 Growth over fiscal 2021. 3 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. $105 $135 million FACTSET > SEE THE ADVANTAGE $1,705 - $1,720 million 31% -32% 32.5% - 33.5% 14.5% 15.5% $11.60 $11.90 Adjusted Diluted EPS³ $12.00 $12.30 The Business Outlook - Fiscal 2022 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. - - Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 13#14SEE THE ADVANTAGE > FACTSET Questions & Answers FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#15SEE THE ADVANTAGE > FACTSET Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#16FY 2021 ASV + Professional Services Growth Rates* -New Methodology $804M RESEARCH +7% $596M ANALYTICS +6% FACTSET > SEE THE ADVANTAGE $278 M CTS +9% *LTM Organic ASV Growth Rate is based on last twelve months as of August 31, 2021 $1.68B Organic ASV + Professional Services +7% Beginning with FY 2022, FactSet is changing its workflow solutions into 3 businesses as shown here. ● The desktop portion of the Wealth business will be combined with Research. Wealth digital solutions will be combined with CTS. Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 16#17Non-GAAP Reconciliations Organic Revenues (in thousands) (Unaudited) GAAP Revenues Deferred revenue fair value adjustment Adjusted revenues Acquired revenues Currency impact Organic Revenues FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED AUGUST 31 % Change 7.4% 2021 $411,894 117 412,011 (1,539) (339) $410,133 2020 $383,590 619 384,209 $ 384,209 7.2% 6.7% FOR THE YEAR ENDED AUGUST 31 2021 $ 1,591,445 539 1,591,984 (4,119) 4,472 $ 1,592,337 2020 $ 1,494,111 4,192 1,498,303 $ 1,498,303 % Change 6.5% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 6.3% 6.3% 17#18Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income (in thousands, except per share data) (Unaudited) GAAP Operating Income Deferred revenue fair value adjustment Intangible asset amortization Impairment of investment Transformation costs. Restructuring/ severance Real estate charges Adjusted Operating Income Operating Margin Adjusted Operating Margin GAAP Net Income Deferred revenue fair value adjustment Intangible asset amortization Impairment of investment. Transformation costs. Restructuring/ severance Real estate charges Income tax items Adjusted Net Income FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED AUGUST 31 2020 $ 98,577 619 2021 $ 119,176 117 5,902 2,136 3,053 $ 130,384 28.9% 31.6% $ 101,062 100 5,048 1,826 2,611 227 $ 110,874 6,867 16,500 5,237 (1,168) 747 $ 127,379 25.7% 33.2% $ 89,079 469 5,205 16,500 3.970 (885) 566 (2,870) $ 112,034 % Change 20.9% 2.4% 13.5% (1.0)% FOR THE YEAR ENDED AUGUST 31 2021 $ 474,041 539 23,257 14,113 5,028 716 $ 517,694 29.8% 32.5% 399,590 456 19,672 11,938 4,253 606 (4,466) $ 432,049 2020 $ 439,660 4,192 22,269 16,500 16,478 51 4,253 $ 503,403 29.4% 33.6% 372,938 3,385 27,773 16,500 13,171 41 3,399 (7,085) $ 420,122 % Change 7.8% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 2.8% 7.1% 7.1% 18#19Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) (Unaudited) GAAP Diluted Earnings per Common Share Deferred revenue fair value adjustment Intangible asset amortization Impairment of investment Transformation costs. Restructuring/ severance Real estate charges Other investment income Income tax items Adjusted Diluted earnings per Common Share Weighted Average Common Shares (Diluted) FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED AUGUST 31 2020 $ 2.29 0.01 0.13 0.42 0.10 2021 $ 2.63 0.00 0.13 0.04 0.07 0.01 $ 2.88 38,476 (0.02) 0.01 0.00 (0.06) $2.88 38,940 % Change 14.8% 0.00% FOR THE YEAR ENDED AUGUST 31 2021 $ 10.36 0.01 0.51 0.31 0.11 0.02 (0.12) $11.20 38,570 2020 $9.65 0.10 0.46 0.42 0.34 0.08 (0.18) $ 10.87 38,646 % Change 7.4% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 3.0% 19#20Non-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 AUGUST 31 % Change 2021 $184,978 $ (13,821) $ 171,157 2020 $ 159,427 (14,732) $ 144,695 18.3% FOR THE YEAR ENDED AUGUST 31 2021 $ 555,226 (61,325) $493,901 2020 $ 505,840 (77,642) $ 428,198 % Change 15.3% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 20#21Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in millions, except per share data) FISCAL 2022 (FULL YEAR) GAAP Revenue GAAP operating income GAAP operating margin Intangible asset amortization Transformation costs. Adjusted operating income Adjusted Operating Margin GAAP Net Income Intangible asset amortization. Transformation costs Discrete tax items Adjusted Net Income GAAP Diluted Earnings per Common Share Intangible asset amortization Transformation costs. Discrete tax items Adjusted Diluted earnings per Common Share FACTSET > SEE THE ADVANTAGE Low End of Range $1,705 $ 528 31.0% 18 8 $ 554 32.5% $ 446 16 6 (7) $461 $11.60 0.41 0.16 (0.17) $12.00 High End of Range $1,720 $550 32.0% 18 8 $576 33.5% $ 457 16 6 (7) $ 473 $11.90 0.41 0.16 (0.17) $ 12.30 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 21#22SEE THE ADVANTAGE > FACTSET Thank you. FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.