Factset Research Systems (FDS) Net Margin (2009 - 2026)
Factset Research Systems (FDS) recorded Net Margin of 20.34% in fiscal Q3 2026 (quarter ended May 31, 2026), down 5.03 percentage points from 25.37% a year earlier and down 1.43 percentage points from the prior quarter.
Factset Research Systems (FDS) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Factset Research Systems' Net Margin came in at 23.21% as of May 31, 2026, down 0.09 percentage points year-over-year; for FY2025 (ended Aug 31, 2025), it came in at 25.72%, up 1.33 percentage points from FY2024.
- Annual Net Margin has increased for three straight fiscal years, with a five-year change of +0.75 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Net Margin came in at 24.38% in FY2024 (+1.93 pp), 22.45% in FY2023 (+0.92 pp), 21.53% in FY2022 (-3.58 pp) and 25.11% in FY2021 (+0.15 pp).
- The fiscal Q3 2026 figure is the lowest quarterly Net Margin since fiscal Q4 2024.
- On a year-over-year basis, Net Margin has declined for three consecutive quarters, with an average year-over-year change of -0.13 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 10.09 percentage points in fiscal Q3 2023, against a drop of 9.87 percentage points in fiscal Q3 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 21.78% (Q2 2026), 25.11% (Q1 2026) and 25.74% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 29.35% |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 40.18% |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 39.45% |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 28.35% |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 10.82% |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 10.95% |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 20.34% |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 16.25% |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 47.30% |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 61.06% |
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 20.34% |
| Feb 28, 2026 | 21.78% |
| Nov 30, 2025 | 25.11% |
| Aug 31, 2025 | 25.74% |
| May 31, 2025 | 25.37% |
| Feb 28, 2025 | 25.38% |
| Nov 30, 2024 | 26.38% |
| Aug 31, 2024 | 15.92% |
| May 31, 2024 | 28.61% |
| Feb 29, 2024 | 25.82% |
| Nov 30, 2023 | 27.40% |
| Aug 31, 2023 | 12.15% |
| May 31, 2023 | 25.42% |
| Feb 28, 2023 | 25.55% |
| Nov 30, 2022 | 27.10% |
| Aug 31, 2022 | 20.91% |
| May 31, 2022 | 15.33% |
| Feb 28, 2022 | 25.50% |
| Nov 30, 2021 | 25.35% |
| Aug 31, 2021 | 24.54% |
Factset Research Systems Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=FDS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "FDS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=FDS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();