Factset Research Systems (FDS) Operating Expenses (2009 - 2026)
Factset Research Systems' (FDS) quarterly Operating Expenses came in at $456.6 million in Q2 2026, up 16.67% on a YoY basis from $391.4 million in Q2 2025, and up 7.17% quarter-over-quarter from $426.1 million in Q1 2026.
Analysis
Factset Research Systems (FDS) Operating Expenses (2009 - 2026) Analysis & Trends
Factset Research Systems (FDS) has reported Operating Expenses for 18 consecutive years, with $456.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 16.67% year-over-year to $456.6 million; the trailing twelve-month figure through May 2026 stood at $1.7 billion (up 8.16% YoY), and the FY2025 full-year result was $1.6 billion, up 4.77% from the prior year.
- Operating Expenses improved to $456.6 million in Q2 2026 per FDS's latest filing, from $426.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $456.6 million in Q2 2026 and bottomed at $307.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $383.1 million across 5 years, with a median of $381.2 million in 2024.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 38.9% in 2022, then dropped 8.59% in 2023.
- Over 5 years, Operating Expenses stood at $332.9 million in 2022, then rose by 6.08% to $353.2 million in 2023, then climbed by 6.84% to $377.3 million in 2024, then advanced by 10.13% to $415.6 million in 2025, then increased by 9.88% to $456.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $456.6 million, $426.1 million, and $415.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 121.34 Bn | 117.20 Bn | 2.98 Bn | 2.35 Bn |
| 2 | Moodys | 81.34 Bn | 79.84 Bn | 1.67 Bn | 1.14 Bn |
| 3 | Msci | 39.85 Bn | 39.49 Bn | 717.10 Mn | 379.50 Mn |
| 4 | Verisk Analytics | 22.97 Bn | 22.42 Bn | 572.90 Mn | 442.60 Mn |
| 5 | Factset Research Systems | 9.48 Bn | 9.17 Bn | 310.73 Mn | 456.62 Mn |
| 6 | Morningstar | 7.30 Bn | 6.77 Bn | 423.90 Mn | 509.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 456.62 Mn |
| Feb 28, 2026 | 426.06 Mn |
| Nov 30, 2025 | 415.55 Mn |
| Aug 31, 2025 | 419.58 Mn |
| May 31, 2025 | 391.37 Mn |
| Feb 28, 2025 | 385.17 Mn |
| Nov 30, 2024 | 377.33 Mn |
| Aug 31, 2024 | 434.33 Mn |
| May 31, 2024 | 350.25 Mn |
| Feb 29, 2024 | 364.00 Mn |
| Nov 30, 2023 | 353.18 Mn |
| Aug 31, 2023 | 419.69 Mn |
| May 31, 2023 | 357.85 Mn |
| Feb 28, 2023 | 345.84 Mn |
| Nov 30, 2022 | 332.92 Mn |
| Aug 31, 2022 | 367.08 Mn |
| May 31, 2022 | 391.50 Mn |
| Feb 28, 2022 | 307.77 Mn |
| Nov 30, 2021 | 302.06 Mn |
| Aug 31, 2021 | 292.72 Mn |