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% YoY from $391.4 million in Q2 2025, and up 7.17% on a QoQ basis from $426.1 million in Q1 2026.
Factset Research Systems (FDS) Operating Expenses (2009 - 2026) Analysis & Trends
Factset Research Systems (FDS) has 18 years of Operating Expenses data on file, last reported at $456.6 million in Q2 2026.
- Quarterly Operating Expenses rose 16.67% year-over-year to $456.6 million in Q2 2026, while the trailing twelve-month figure through May 2026 was $1.7 billion (up 8.16% YoY) and the FY2025 annual result came in at $1.6 billion, up 4.77% from the prior year.
- Operating Expenses grew to $456.6 million in Q2 2026, from $426.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $456.6 million in Q2 2026 to a low of $307.8 million in Q1 2022.
- A 5-year average of $383.1 million and a median of $381.2 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 38.9% — and 2023, when it slipped 8.59%.
- Tracing FDS's Operating Expenses over 5 years: stood at $332.9 million in 2022, then grew by 6.08% to $353.2 million in 2023, then gained by 6.84% to $377.3 million in 2024, then rose by 10.13% to $415.6 million in 2025, then climbed by 9.88% to $456.6 million in 2026.
- The last three Operating Expenses figures came in at $456.6 million (Q2 2026), $426.1 million (Q1 2026), and $415.6 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.49 Bn | 123.35 Bn | 2.98 Bn | 2.35 Bn |
| 2 | Cme | 99.29 Bn | 99.29 Bn | 1.65 Bn | 599.10 Mn |
| 3 | Intercontinental Exchange | 91.35 Bn | 89.40 Bn | - | 1.28 Bn |
| 4 | Moodys | 87.93 Bn | 86.44 Bn | 1.67 Bn | 1.14 Bn |
| 5 | Nasdaq | 55.52 Bn | 54.80 Bn | 1.50 Bn | 788.00 Mn |
| 6 | Coinbase Global | 49.18 Bn | 40.39 Bn | 1.16 Bn | 1.33 Bn |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 379.50 Mn |
| 8 | Cboe Global Markets | 31.58 Bn | 29.19 Bn | 731.60 Mn | 255.60 Mn |
| 9 | TransUnion | 16.44 Bn | 15.60 Bn | 765.00 Mn | 1.05 Bn |
| 10 | Factset Research Systems | 10.81 Bn | 10.50 Bn | 310.73 Mn | 456.62 Mn |
Historic Data
Download 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 |