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
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