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| 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 |
| 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 |