Factset Research Systems FDS
NYSE FDS
$263.19 -15.98 (-5.73%)
As of: Sep 10, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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