#1SEE THE ADVANTAGE > FACTSET FactSet Earnings Call Fourth Quarter Fiscal 2020 FACTSET > SEE THE ADVANTAGE September 24, 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 September 24, 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.#52020 Accomplishments 140 +24 years of consecutive revenue growth years of consecutive adjusted diluted EPS growth Migrating real-time ticker plant to cloud The first cloud-based ticker plant of its kind FACTSET > SEE THE ADVANTAGE Q4 highest reported quarterly ASV in the history of the company Launched APIs and industry-specific deep sector content To expand the access to critical content sets 5k+ diversified client base by expanding into new sectors fo sa 133k+ 99% users increased by 5% Grew StreetAccount Offering Expansion of news coverage to include Canada and additional Asian markets employees working remotely Successful rollout of WFH with high productivity and engagement levels Won numerous awards Including Excellence in Buy- Side Risk Management, Wealth Management Technology, Best Data Provider to Buy & Sell-Side Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 5#6Areas of Accelerated Investment ● ● ● CONTENT Expand Existing Content & Collect New Data Deep Sector - Multiple Industries Wealth Advisors data Private market content FACTSET > SEE THE ADVANTAGE ● ● TECHNOLOGY Develop Open & Flexible Technology to Grow and Scale Content Automation Digitized Workflows - Smarter Personalized Content Digital Foundation - APIs, Cloud Migration PEOPLE Develop and Hire Talent ● • Add experts in technology & automation • Increase diversity & inclusion focus • Develop talent for workplace of the future. Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 6#7Key Metrics¹ - Fourth Quarter 2020 5.3% ORGANIC AS V2 + PROFESSIONAL SERVICES Driven by higher sales from Wealth and Analytics + 33.2% ADJUSTED OPERATING MARGIN 70 basis points lower YoY due to investment spend + $2.88 ADJUSTED DILUTED EPS 10% growth YoY from lower tax rate and 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. 7#8ASV + Professional Services Growth Rates* - By Global Segments & Businesses $1.56B Organic ASV + Professional Services $25M Pro Svcs +9% $422M ΕΜΕΑ +5% $957M AMERICAS FACTSET > SEE THE ADVANTAGE +5% *LTM Organic ASV Growth Rate is based on last twelve months as of August 31, 2020 +5% $156 M ASIAPAC +8% $564M ANALYTICS +7% $167M WEALTH +9% $188M CTS +13% $640M RESEARCH +1% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 8#9SEE THE ADVANTAGE > FACTSET Financial Overview FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#10Fiscal 2020 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 2020 Guidance¹ FACTSET > SEE THE ADVANTAGE $60m - $75m $1.485b- $1.490b 30.0% - 30.5% 33.0% 33.5% 15.5% 16.5% $9.60 - $9.80 $10.40 $10.60 FY 2020 Results $78.4m $1.494b 29.4% 33.6% 12.7% $9.65 $10.87 + + + + || + ¹ Latest annual guidance as of June 25th, 2020. 2 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. 3 The guidance for annual effective tax rate provided for fiscal 2020 did not include any one-time expense or benefit items that occurred in the year. We did include an estimate for stock-based compensation tax benefits in our guidance. Including these one-time items but excluding the tax benefit from stock-based compensation, the annual effective tax rate was 14.1%. Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 10#11Fourth Quarter 2020 Financial Results* (in thousands, except per share data) 5.3% GAAP Revenues 8/31/20 $383,590 8/31/19 $364,283 2.7% GAAP Net Income 8/31/20 $89,079 8/31/19 $91,527 4.9% Organic Revenues 8/31/20 $383,373 8/31/19 $365,545 10.0% 2.1% Adjusted Net Income 8/31/20 $112,034 8/31/19 $101,892 * Please see Appendix for a reconciliation of non-GAAP metrics to GAAP metrics 11.6% GAAP Operating Income 8/31/20 $98,577 8/31/19 $111,568 FACTSET > SEE THE ADVANTAGE GAAP Diluted EPS 8/31/20 $2.29 8/31/19 $2.34 2.8% Adjusted Operating Income 8/31/20 $127,379 8/31/19 $123,881 10.3% Adjusted Diluted EPS 8/31/20 $2.88 8/31/19 $2.61 490bps GAAP Operating Margin 8/31/20 25.7% 8/31/19 30.6% 51.8% Free Cash Flow 8/31/20 $144,695 8/31/19 $95,347 70bps Adjusted Operating Margin1¹ 8/31/20 33.2% 8/31/19 33.9% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 11#12Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months. = No change versus 2019 | Q4 90% CLIENT RETENTION Percentage of clients retained over the last twelve months. 100bps higher versus 2019 | Q4 FACTSET > SEE THE ADVANTAGE 133.051 USER COUNT Number of individuals accessing FactSet's workstations. 4.9% change since 2019 | Q4 5,875 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 5.4% change since 2019 | Q4 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 12#13Returning Capital to Shareholders (in millions except share price) $357 $74 '16 $157.16 * Includes shares repurchased from employee stock options FACTSET > SEE THE ADVANTAGE $261 $81 '17 $162.62 Cash Dividends $304 $89 '18 $197.06 Share Repurchases $220 $100 ¹19 $241.08 -Avg. Price $270.10 $200 $110 '20 Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 13#14Business 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. 14#15SEE THE ADVANTAGE > FACTSET Questions & Answers FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#16SEE THE ADVANTAGE > FACTSET Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.#17Non-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 AUGUST 31 % Change 5.3% 2020 $ 383,580 619 (836) $ 383,373 2019 $364,283 1,262 $365,545 4.9% FOR THE YEAR ENDED AUGUST 31 2020 $ 1,494,111 4,192 (705) $ 1,497,598 2019 $ 1,435,351 5,185 $1,440,536 % Change 4.1% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 4.0% 17#18Non-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 Impairment of investment Other non-recurring Items Adjusted Operating Income Adjusted Operating Margin GAAP Net Income Intangible asset amortization. Deferred revenue fair value adjustment Impairment of investment Other non-recurring Items Income tax items Adjusted Net Income GAAP Diluted Earnings per Common Share Intangible asset amortization Deferred revenue fair value adjustment Impairment of investment 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 AUGUST 31 2019 $ 111,568 7,260 1,262 2020 $ 98,577 6,867 619 16,500 4,816 $ 127,379 33.2% $ 89,079 5,205 469 16,500 3,651 (2,870) $112,034 $ 2.29 0.13 0.01 0.42 0.09 (0.06) $ 2.88 38,940 3,791 $ 123,881 33.9% $ 91,527 5,931 1,031 3.097 306 $ 101,892 $2.34 0.15 0.03 0.08 0.01 $2.61 39,056 % Change (11.6)% 2.8% (2.7)% 10.0% (2.1)% 10.3% FOR THE YEAR ENDED AUGUST 31 2020 $ 439,660 22,269 4,192 16,500 20,782 $ 503,403 33.6% 372,938 17,773 3,385 16,500 16,611 (7,085) $ 420,122 $9.65 0.46 0.10 0.42 0.42 (0.18) $ 10.87 38,646 2019 $ 438,035 24,920 5,185 8,045 $ 476,185 33.2% 352,790 20,262 4,215 6,315 5,274 $388,856 $9.08 0.52 0.11 0.15 0.14 $10.00 38,873 % Change 0.4% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 5.7% 5.7% 8.0% 6.3% 8.7% 18#19Non-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 2019 % Change $ 121,811 (26,464) $ 95,347 2020 $ 159,427 $ (14,732) $ 144,695 51.8% FOR THE YEAR ENDED AUGUST 31 2020 $ 505,840 (77,641) $ 428,199 2019 % Change $427,136 (59,370) $367,766 16.4% Copyright © 2020 FactSet Research Systems Inc. All rights reserved. 19#20Non-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. 20#21SEE THE ADVANTAGE > FACTSET Thank you. FACTSET > SEE THE ADVANTAGE Copyright © 2020 FactSet Research Systems Inc. All rights reserved.