Factset Research Systems (FDS) Operating Expenses (2009 - 2026)
Factset Research Systems (FDS) reported Operating Expenses of $426.1 million for Q1 2026, up 10.62% on a YoY basis from $385.2 million in Q1 2025, and up 2.53% quarter-over-quarter from $415.6 million in Q4 2025.
Factset Research Systems (FDS) Operating Expenses (2009 - 2026) Analysis & Trends
Factset Research Systems has reported Operating Expenses for 18 years, with the latest figure 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.
- The five-year high for Operating Expenses was $434.3 million in Q3 2024, with the low at $307.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $378.8 million across 5 years, with a median of $377.3 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 57.41% — and 2023, when it slipped 8.59%.
- Factset Research Systems' Operating Expenses 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 rose 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 | 122.27 Bn | 125.38 Bn | 2.94 Bn | 2.34 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 570.40 Mn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 1.31 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 750.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 1.43 Bn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 393.90 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 223.30 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 1.00 Bn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 426.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |