Growth Metrics

Factset Research Systems (FDS) Operating Expenses (2009 - 2026)

Factset Research Systems posted quarterly Operating Expenses of $426.1 million for Q1 2026, up 10.62% year-on-year from $385.2 million in Q1 2025, and up 2.53% on a QoQ basis from $415.6 million in Q4 2025.

Factset Research Systems (FDS) has 18 years of Operating Expenses data on file, last reported at $426.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 10.62% year-over-year to $426.1 million; the trailing twelve-month figure through Feb 2026 stood at $1.7 billion (up 6.82% YoY), and the FY2025 full-year result was $1.6 billion, up 4.77% from the prior year.
  • Operating Expenses for Q1 2026 stood at $426.1 million, up from $415.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $434.3 million in Q3 2024 and bottomed at $307.8 million in Q1 2022.
  • The 5-year median for Operating Expenses is $377.3 million (2024), against an average of $378.8 million.
  • The widest annual swing landed in 2022, when Operating Expenses surged 57.41%; it then slipped 8.59% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $332.9 million in 2022, then increased by 6.08% to $353.2 million in 2023, then advanced by 6.84% to $377.3 million in 2024, then gained by 10.13% to $415.6 million in 2025, then gained by 2.53% to $426.1 million in 2026.
  • The last three Operating Expenses figures came in at $426.1 million (Q1 2026), $415.6 million (Q4 2025), and $419.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 2.34 Bn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 570.40 Mn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 1.31 Bn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 1.16 Bn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 750.00 Mn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 1.43 Bn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 393.90 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 223.30 Mn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 1.00 Bn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 426.06 Mn

Historic Data

Download Data 🔒
DateValue
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
May 31, 2021 281.86 Mn
Feb 28, 2021 195.52 Mn
Nov 30, 2020 267.18 Mn
Aug 31, 2020 542.57 Mn
May 31, 2020 170.70 Mn
Feb 29, 2020 176.22 Mn
Nov 30, 2019 164.96 Mn
Aug 31, 2019 501.60 Mn
May 31, 2019 163.83 Mn
Feb 28, 2019 246.21 Mn
Nov 30, 2018 166.78 Mn
Aug 31, 2018 257.51 Mn
May 31, 2018 246.65 Mn
Feb 28, 2018 239.75 Mn
Nov 30, 2017 240.04 Mn
Aug 31, 2017 244.21 Mn
May 31, 2017 224.48 Mn
Feb 28, 2017 202.61 Mn
Nov 30, 2016 197.74 Mn
Aug 31, 2016 199.56 Mn
May 31, 2016 198.21 Mn
Feb 29, 2016 196.45 Mn
Nov 30, 2015 183.20 Mn
Aug 31, 2015 176.13 Mn
May 31, 2015 169.17 Mn
Feb 28, 2015 167.14 Mn
Nov 30, 2014 162.42 Mn
Aug 31, 2014 159.28 Mn
May 31, 2014 158.72 Mn
Feb 28, 2014 151.88 Mn
Nov 30, 2013 148.24 Mn
Aug 31, 2013 148.80 Mn
May 31, 2013 142.98 Mn
Feb 28, 2013 156.92 Mn
Nov 30, 2012 140.00 Mn
Aug 31, 2012 137.04 Mn
May 31, 2012 133.82 Mn
Feb 29, 2012 132.25 Mn
Nov 30, 2011 129.70 Mn
Aug 31, 2011 132.95 Mn
May 31, 2011 121.82 Mn
Feb 28, 2011 119.54 Mn
Nov 30, 2010 113.86 Mn
Aug 31, 2010 110.80 Mn
May 31, 2010 104.62 Mn
Feb 28, 2010 102.81 Mn
Nov 30, 2009 101.20 Mn