NORWALK, Co ., July 01, 2026 (GLOBE NEWSWIRE) — FactSet (NYSE:FDS) (NASDAQ:FDS), a leadi g global data a d AI solutio s p ovide to the fi a cial ma kets, today a ou ced esults fo its thi d qua te fiscal 2026 e ded May 31, 2026.
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“FactSet’s st o g thi d qua te esults eflect solid executio agai st ou st ategic p io ities a d co ti ued dema d fo ou diffe e tiated co te t, a alytics, a d wo kflow solutio s. Clie ts a e choosi g FactSet to powe c itical wo kflows a d i fo med decisio -maki g, d ivi g a obust pipeli e a d accele ati g e te p ise co t acts.
“Ac oss egio s a d fi m types, clie ts a e expa di g thei elatio ships with FactSet a d actively adopti g ou AI solutio s, ei fo ci g ou co fide ce i FactSet’s sustai ed g owth a d lo g-te m value.” – Sa oke Viswa atha , CEO
| (Co de sed a d U audited) | Th ee Mo ths E ded | May 31, | (Results i thousa ds, except pe sha e data) | 2026 | 2025 | Cha ge | Reve ues | $ | 622,918 | $ | 585,520 | 6.4 | % | O ga ic eve ues | $ | 622,866 | $ | 582,224 | 7.0 | % | Ope ati g i come | $ | 166,301 | $ | 194,155 | (14.3)% | Adjusted ope ati g i come | $ | 211,752 | $ | 215,313 | (1.7)% | Ope ati g ma gi | 26.7 | % | 33.2 | % | Adjusted ope ati g ma gi | 34.0 | % | 36.8 | % | Net i come | $ | 126,718 | $ | 148,542 | (14.7)% | Adjusted et i come | $ | 163,769 | $ | 163,921 | (0.1)% | Adjusted EBITDA | $ | 220,165 | $ | 235,915 | (6.7)% | Diluted EPS | $ | 3.50 | $ | 3.87 | (9.6)% | Adjusted diluted EPS | $ | 4.53 | $ | 4.27 | 6.1 | % |
* See eco ciliatio of U.S. GAAP to adjusted key fi a cial measu es i the back of this p ess elease.
GAAP eve ues i c eased 6.4% o $37.4 millio to $622.9 millio compa ed with $585.5 millio i the p io yea pe iod.O ga ic eve ues g ew 7.0% yea ove yea to $622.9 millio . G owth i GAAP a d o ga ic eve ues this qua te was d ive by i stitutio al buy-side a d wealth ma ageme t clie ts.A ual Subsc iptio Value (“ASV”) was $2,484.3 millio at May 31, 2026.O ga ic ASV was $2,485.6 millio at May 31, 2026, up 7.1% o $165.0 millio yea ove yea . Ove the last th ee mo ths, o ga ic ASV i c eased $35.4 millio .GAAP ope ati g ma gi was 26.7% compa ed with 33.2% i the p io yea pe iod, p ima ily due to highe employee compe satio costs, i cludi g o e-time cha ges a d CEO compe satio costs ot i cu ed i the p io yea .Adjusted ope ati g ma gi , which excludes acquisitio – elated i ta gible asset amo tizatio a d o – ecu i g items, was 34.0% compa ed with 36.8% i the p io yea pe iod, mai ly due to highe compe satio a d tech ology- elated expe ses.GAAP diluted EPS was $3.50 compa ed with $3.87 fo the same pe iod i fiscal 2025, mai ly d ive by highe ope ati g expe ses i cludi g o – ecu i g items, pa tially offset by g owth i eve ues a d a 6% lowe sha e cou t.Adjusted diluted EPS i c eased 6.1% to $4.53 compa ed with $4.27 i the p io yea pe iod, d ive by g owth i eve ues a d a lowe sha e cou t.Net cash p ovided by ope ati g activities was $284.5 millio fo the thi d qua te of fiscal 2026, a i c ease of 12.1% compa ed with the p io yea pe iod.F ee cash flow was $254.0 millio fo the thi d qua te of fiscal 2026, a i c ease of 11.1% compa ed with the p io yea pe iod.GAAP effective tax ate i c eased to 17.8% compa ed with 17.5% fo the p io yea pe iod p ima ily due to the limitatio o the deductibility of executive compe satio .
- FactSet appoi ted Joshua B. Wa e as Chief Fi a cial Office , effective Ap il 13, 2026. Wa e most ece tly se ved as CFO of E vest et a d p eviously held se io st ategy oles at BlackRock.
- FactSet’s Comme cial Excelle ce i itiatives co ti ued to deepe clie t elatio ships. I Q3, e te p ise e ewals exte ded i le gth by 30% o ave age a d a ual ASV ete tio emai ed above 95%.
- Clie t adoptio co ti ued to b oade . As of qua te e d, 90%+ of the Top 50 clie ts use fou o mo e FactSet AI p oducts.
- FactSet adva ced its AI pa t e ship ecosystem th ough Google Cloud, Fi ste AI, a d TIFIN.AI, exte di g AI-e abled wo kflows ac oss i vestme t ba ki g, wealth ma ageme t, a d e te p ise fi a cial i tellige ce.
- FactSet st e gthe ed its po tfolio a d p ivate ma kets wo kflow capabilities th ough pa t e ships with J.P. Mo ga a d Valutico, givi g clie ts mo e i teg ated tools fo whole po tfolio a alytics a d p ivate capital valuatio .
- FactSet etu ed $243.4 millio to sha eholde s i Q3, i cludi g $203.1 millio i sha e epu chases a d $40.3 millio i divide ds. Fiscal yea -to-date, the Compa y has deployed $628.7 millio to sha eholde s th ough divide ds a d sha e epu chases. FactSet also i c eased its qua te ly divide d by $0.06 to $1.16 pe sha e, ma ki g the twe ty-seve th co secutive yea the Compa y has i c eased divide ds o a stock split-adjusted basis.
ASV at a y give poi t i time ep ese ts the fo wa d-looki g eve ues fo the ext 12 mo ths f om all subsc iptio se vices cu e tly supplied to clie ts. O ga ic ASV at a y poi t i time equals ou ASV excludi g ASV f om acquisitio s a d the compa able impact of dispositio s a d disco ti ued li es of busi ess effected withi the last 12 mo ths a d the impact of fo eig cu e cy moveme ts.
ASV was $2,484.3 millio at May 31, 2026, compa ed with $2,335.1 millio at May 31, 2025. O ga ic ASV was $2,485.6 millio at May 31, 2026, up $165.0 millio f om the p io yea , fo a g owth ate of 7.1%. O ga ic ASV i c eased $35.4 millio ove the last th ee mo ths.
| (Results i millio s) | Ame icas | $1,621.0 | $1,513.1 | $1,621.0 | 7.2% | $407.2 | $380.5 | 7.0% | EMEA | $608.1 | $581.9 | $608.7 | 5.6% | $152.0 | $145.7 | 5.3% | APAC | $255.2 | $240.1 | $255.9 | 10.0% | $63.7 | $59.3 | 10.5% |
FactSet epu chased 926,370 sha es of its commo stock fo $203.1 millio at a ave age p ice of $219.21 du i g the thi d qua te of fiscal 2026 u de the Compa y’s sha e epu chase p og am. As of May 31, 2026, $494.0 millio emai ed available fo sha e epu chases u de this p og am.
FactSet eaffi ms its outlook fo fiscal 2026 p ovided o Ma ch 31, 2026. The followi g fo wa d-looki g stateme ts eflect FactSet’s expectatio s as of today’s date. Give the isk facto s, u ce tai ties, a d assumptio s discussed below, actual esults may diffe mate ially. FactSet does ot i te d to update its fo wa d-looki g stateme ts p io to its ext qua te ly esults a ou ceme t.
| O ga ic ASV g owth | $130 millio – $160 millio | GAAP eve ues | $2,450 millio – $2,470 millio | GAAP ope ati g ma gi | 29.5% – 31.0% | Adjusted ope ati g ma gi | 34.0% – 35.5% | A ual effective tax ate | 18.0% – 19.0% | GAAP diluted EPS | $14.85 – $15.35 | Adjusted diluted EPS | $17.25 – $17.75 |
Adjusted ope ati g ma gi a d adjusted diluted EPS guida ce do ot i clude ce tai effects of a y o – ecu i g be efits o cha ges that may a ise i fiscal 2026. Please see the back of this p ess elease fo a eco ciliatio of GAAP to adjusted met ics.
Thi d Qua te 2026 Co fe e ce Call Details
Please egiste fo the co fe e ce call usi g the above li k i adva ce of the call sta t time. Upo egist atio , you will eceive dial-i i fo matio a d a u ique access PIN. The ea i gs p ese tatio will be available o FactSet’s I vesto Relatio s website at 8:30 a.m. Easte Time o July 1, 2026, 30 mi utes befo e the ea i gs call begi s.
A eplay will be available o the I vesto Relatio s website afte 1:00 p.m. Easte Time o July 1, 2026, a d will emai accessible th ough July 1, 2027. A t a sc ipt of the ea i gs call will be available via FactSet CallSt eet.
This p ess elease co tai s fo wa d-looki g stateme ts based o ma ageme t’s cu e t expectatio s, estimates, fo ecasts a d p ojectio s about futu e eve ts, t e ds, co ti ge cies, a d ci cumsta ces, i dust ies i which FactSet ope ates a d the beliefs a d assumptio s of ma ageme t. All stateme ts that add ess expectatio s, guida ce, outlook o p ojectio s about the futu e, i cludi g stateme ts about the Compa y’s st ategy, p oduct developme t, eve ues, futu e fi a cial esults, a ticipated g owth, ma ket positio , subsc iptio s, expected expe ditu es o i vestme ts, t e ds i FactSet’s busi ess a d fi a cial esults, a e fo wa d-looki g stateme ts. Fo wa d-looki g stateme ts may be ide tified by wo ds like “may,” “might,” “will,” “should,” “expects,” “pla s,” “a ticipates,” “believes,” “estimates,” “i te ds,” “p ojects,” “i dicates,” “p edicts,” “pote tial,” o “co ti ue,” the egative of those te ms, a d simila exp essio s. Fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce, outcomes, eve ts, o actio s a d i volve a umbe of k ow a d u k ow isks, u ce tai ties, a d assumptio s. Ma y facto s, i cludi g those discussed mo e fully elsewhe e i this elease a d i FactSet’s fili gs with the Secu ities a d Excha ge Commissio , pa ticula ly its latest a ual epo t o Fo m 10-K, i cludi g Item 1A, Risk Facto s, a d qua te ly epo ts o Fo m 10-Q, as well as othe s, could cause esults, pe fo ma ce, achieveme ts, o activities to diffe mate ially f om those exp essed o implied by the fo wa d-looki g stateme ts. Acco di gly, the Compa y cautio s eade s ot to place u due elia ce o a y fo wa d-looki g stateme ts, which speak o ly as of the date they a e made. FactSet assumes o duty to a d does ot u de take to update o evise a y fo wa d-looki g stateme t to eflect eve ts o ci cumsta ces a isi g afte the date o which it is made, except as equi ed by applicable law. Futu e esults could diffe mate ially f om histo ical pe fo ma ce.
The Compa y epo ts its fi a cial esults i acco da ce with U.S. GAAP. The Compa y also efe s to a d p ese ts ce tai additio al o -GAAP fi a cial measu es. These measu es i clude: o ga ic eve ues, adjusted ope ati g ma gi , adjusted ope ati g i come, adjusted et i come, EBITDA, adjusted EBITDA, adjusted diluted EPS, a d f ee cash flow. The Compa y has i cluded eco ciliatio s of these o -GAAP fi a cial measu es to the most di ectly compa able fi a cial measu es calculated i acco da ce with GAAP at the back of this elease.
FactSet uses these o -GAAP fi a cial measu es both i p ese ti g its esults to stockholde s a d the i vestme t commu ity a d i its i te al evaluatio a d ma ageme t of the busi ess. The Compa y believes that these o -GAAP fi a cial measu es p ovide useful suppleme tal i fo matio to i vesto s because they pe mit i vesto s to view the Compa y’s pe fo ma ce usi g the same tools that ma ageme t uses to gauge p og ess i achievi g its goals. I vesto s may be efit f om efe i g to these o -GAAP fi a cial measu es i assessi g the Compa y’s pe fo ma ce a d whe pla i g, fo ecasti g a d a alyzi g futu e pe iods, a d such measu es may also facilitate compa iso s to histo ical pe fo ma ce. The Compa y believes that o ga ic eve ues, adjusted ope ati g ma gi , adjusted ope ati g i come, adjusted et i come, EBITDA, adjusted EBITDA, a d adjusted diluted EPS help to fully eflect the u de lyi g eco omic pe fo ma ce of FactSet. The Compa y believes that f ee cash flow is useful to i vesto s because it is a i dicatio of cash flow that may be available to pay debt obligatio s, make st ategic acquisitio s a d i vestme ts, pay divide ds, epu chase stock, a d st e gthe the bala ce sheet. The p ese tatio of this o -GAAP fi a cial i fo matio should ot be co side ed i isolatio f om, o as a substitute fo , the fi a cial i fo matio p epa ed a d p ese ted i acco da ce with GAAP. We a e ot able to p ovide eco ciliatio s of ce tai fo wa d-looki g o -GAAP fi a cial measu es to compa able GAAP measu es because ce tai items equi ed fo such eco ciliatio s a e outside of ou co t ol a d/o ca ot be easo ably p edicted without u easo able effo t.
FactSet (NYSE:FDS | NASDAQ:FDS) supe cha ges fi a cial i tellige ce, offe i g e te p ise data a d i fo matio solutio s that powe ou clie ts to maximize thei pote tial. Ou cutti g-edge digital platfo m seamlessly i teg ates p op ieta y fi a cial data, clie t datasets, thi d-pa ty sou ces, a d flexible tech ology to delive tailo ed solutio s ac oss the buy-side, sell-side, wealth ma ageme t, p ivate equity, a d co po ate secto s. With ove 47 yea s of expe tise, offices i 19 cou t ies, a d exte sive multi-asset class cove age, we leve age adva ced data co ectivity alo gside AI a d ext-ge e atio tools to st eamli e wo kflows, d ive p oductivity, a d e able sma te , faste decisio -maki g. Se vi g mo e tha 9,100 global clie ts a d ove 247,000 i dividual use s, FactSet is a membe of the S&P 500 dedicated to i ovatio a d lo g-te m clie t success. Lea mo e at www.factset.com a d follow us o X a d Li kedI .
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| Th ee Mo ths E ded | Ni e Mo ths E ded | May 31, | May 31, | (I thousa ds, except pe sha e data) | 2026 | 2025 | 2026 | 2025 | Reve ues | $ | 622,918 | $ | 585,520 | $ | 1,841,558 | $ | 1,724,847 | Ope ati g expe ses | Cost of se vices | 312,190 | 280,729 | 896,848 | 809,112 | Selli g, ge e al a d admi ist ative | 144,427 | 110,636 | 401,377 | 344,753 | Total ope ati g expe ses | 456,617 | 391,365 | 1,298,225 | 1,153,865 | Ope ati g i come | 166,301 | 194,155 | 543,333 | 570,982 | Othe i come (expe se), et | I te est i come | 642 | 1,509 | 2,622 | 4,483 | I te est expe se | (13,839 | ) | (15,122 | ) | (40,286 | ) | (43,438 | ) | Othe i come (expe se), et | 1,017 | (594 | ) | (324 | ) | (20 | ) | Total othe i come (expe se), et | (12,180 | ) | (14,207 | ) | (37,988 | ) | (38,975 | ) | I come befo e i come taxes | 154,121 | 179,948 | 505,345 | 532,007 | P ovisio fo i come taxes | 27,403 | 31,406 | 92,991 | 88,583 | Net i come | $ | 126,718 | $ | 148,542 | $ | 412,354 | $ | 443,424 | Basic ea i gs pe commo sha e | $ | 3.51 | $ | 3.92 | $ | 11.20 | $ | 11.68 | Diluted ea i gs pe commo sha e | $ | 3.50 | $ | 3.87 | $ | 11.16 | $ | 11.53 | Basic weighted ave age commo sha es | 36,122 | 37,907 | 36,819 | 37,976 | Diluted weighted ave age commo sha es | 36,191 | 38,344 | 36,957 | 38,457 |
Ce tai p io yea figu es have bee co fo med to the cu e t yea ‘s p ese tatio .
| (I thousa ds) | May 31, 2026 | August 31, 2025 | Cash a d cash equivale ts | $ | 288,114 | $ | 337,651 | I vestme ts | 16,122 | 17,445 | Accou ts eceivable, et of ese ves of $14,305 at May 31, 2026 a d $13,789 at August 31, 2025 | 289,990 | 270,684 | P epaid taxes | 58,325 | 33,600 | P epaid expe ses a d othe cu e t assets | 74,968 | 70,379 | 727,519 | 729,759 | P ope ty, equipme t a d leasehold imp oveme ts, et | 82,319 | 85,203 | Goodwill | 1,283,377 | 1,284,708 | I ta gible assets, et | 1,868,418 | 1,916,102 | Defe ed tax assets | 41,945 | 61,226 | Lease ight-of-use assets, et | 119,364 | 121,776 | Othe assets | 69,055 | 105,498 | $ | 4,191,997 | $ | 4,304,272 | Accou ts payable a d acc ued expe ses | $ | 163,982 | $ | 135,262 | Cu e t debt | 499,159 | — | Cu e t lease liabilities | 33,963 | 33,145 | Acc ued compe satio | 137,431 | 130,596 | Defe ed eve ues | 183,494 | 167,852 | Cu e t taxes payable | 5,182 | 13,041 | Divide ds payable | 41,500 | 41,410 | 1,064,711 | 521,306 | Lo g-te m debt | 890,542 | 1,368,260 | Defe ed tax liabilities | 13,040 | 14,902 | Taxes payable | 41,315 | 45,095 | Lo g-te m lease liabilities | 146,978 | 157,104 | Othe liabilities | 3,121 | 11,192 | $ | 2,159,707 | $ | 2,117,859 | $ | 2,032,290 | $ | 2,186,413 | $ | 4,191,997 | $ | 4,304,272 |
| Ni e Mo ths E ded | May 31, | (I thousa ds) | 2026 | 2025 | Net i come | $ | 412,354 | $ | 443,424 | Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities | Dep eciatio a d amo tizatio | 133,708 | 114,972 | Amo tizatio of lease ight-of-use assets | 24,269 | 23,152 | Stock-based compe satio expe se | 61,541 | 47,154 | Defe ed i come taxes | 20,808 | 3,154 | Othe , et | 14,436 | 7,428 | Cha ges i assets a d liabilities, et of effects of acquisitio s | Accou ts eceivable | (24,376 | ) | (41,492 | ) | P epaid expe ses a d othe assets | (3,759 | ) | 6,699 | Accou ts payable a d acc ued expe ses | 22,793 | (49,717 | ) | Acc ued compe satio | 7,541 | 3,789 | Defe ed eve ues | 15,030 | 4,955 | Taxes payable, et of p epaid taxes | (36,320 | ) | (19,108 | ) | Lease liabilities, et | (30,533 | ) | (30,250 | ) | 617,492 | 514,160 | Pu chases of p ope ty, equipme t, leasehold imp oveme ts a d capitalized i te al-use softwa e | (87,319 | ) | (74,840 | ) | Acquisitio of busi esses, et of cash a d cash equivale ts acqui ed | — | (348,255 | ) | Pu chases of i vestme ts | (18,086 | ) | (4,433 | ) | P oceeds f om matu ity o sale of i vestme ts | 36,050 | 58,155 | (69,355 | ) | (369,373 | ) | P oceeds f om debt | 95,000 | 803,410 | Repayme ts of debt | (75,000 | ) | (742,500 | ) | Divide d payme ts | (122,684 | ) | (118,329 | ) | P oceeds f om employee stock pla s | 27,534 | 72,616 | Repu chases of commo stock | (506,000 | ) | (193,838 | ) | Defe ed acquisitio co side atio | (16,176 | ) | (4,699 | ) | Othe fi a ci g activities | (6,418 | ) | (15,987 | ) | (603,744 | ) | (199,327 | ) | Effect of excha ge ate cha ges o cash, cash equivale ts a d est icted cash | (1,678 | ) | 1,966 | Net i c ease (dec ease) i cash, cash equivale ts a d est icted cash | (57,285 | ) | (52,574 | ) | Cash, cash equivale ts a d est icted cash at begi i g of pe iod | 351,695 | 422,979 | $ | 294,410 | $ | 370,405 | Cash a d cash equivale ts | $ | 288,114 | $ | 356,361 | Rest icted cash i cluded i P epaid expe ses a d othe cu e t assets | 5,296 | 6,522 | Rest icted cash i cluded i Othe assets | 1,000 | 7,522 | Total cash, cash equivale ts a d est icted cash | $ | 294,410 | $ | 370,405 |
Ce tai p io yea figu es have bee co fo med to the cu e t yea ‘s p ese tatio .
O ga ic eve ues exclude the cu e t yea impact of eve ues f om acquisitio s a d the compa able impact of dispositio s a d disco ti ued li es of busi ess, effected withi the past 12 mo ths a d the cu e t yea impact of fo eig cu e cy moveme ts. The table below p ovides a eco ciliatio of eve ues to o ga ic eve ues:
| (U audited) | Th ee Mo ths E ded | May 31, | (I thousa ds) | 2026 | 2025 | Cha ge | Reve ues | $ | 622,918 | $ | 585,520 | 6.4 | % | Dispositio eve ues | — | (3,296 | ) | Cu e cy impact | (52 | ) | — | O ga ic eve ues | $ | 622,866 | $ | 582,224 | 7.0 | % |
The table below p ovides a eco ciliatio of ope ati g i come, ope ati g ma gi , et i come a d diluted EPS to adjusted ope ati g i come, adjusted ope ati g ma gi , adjusted et i come, EBITDA, adjusted EBITDA, a d adjusted diluted EPS.
Adjusted ope ati g i come a d ma gi , adjusted et i come, a d adjusted diluted ea i gs pe sha e exclude acquisitio – elated i ta gible asset amo tizatio a d o – ecu i g items. EBITDA ep ese ts ea i gs befo e i te est expe se, p ovisio fo i come taxes a d dep eciatio a d amo tizatio expe se, while adjusted EBITDA fu the excludes o – ecu i g o -cash expe ses.
| Th ee Mo ths E ded | May 31, | (i thousa ds, except pe sha e data) | 2026 | 2025 | % Cha ge | Ope ati g i come | $ | 166,301 | $ | 194,155 | (14.3)% | I ta gible asset amo tizatio | 18,981 | 19,182 | Rest uctu i g/seve a ce | 19,629 | — | CEO compe satio costs(1) | 4,322 | — | Busi ess dispositio , acquisitio s a d elated costs | 1,769 | 1,976 | Clie t ba k uptcy cha ges | 750 | — | Adjusted ope ati g i come | $ | 211,752 | $ | 215,313 | (1.7)% | Ope ati g ma gi | 26.7 | % | 33.2 | % | Adjusted ope ati g ma gi (2) | 34.0 | % | 36.8 | % | Net i come | $ | 126,718 | $ | 148,542 | (14.7)% | I ta gible asset amo tizatio | 14,534 | 13,943 | Rest uctu i g/seve a ce | 15,030 | — | CEO compe satio costs(1) | 3,309 | — | Busi ess dispositio , acquisitio s a d elated costs | 1,355 | 1,436 | Impai me t withi Othe assets(3) | 2,297 | — | Clie t ba k uptcy cha ges | 574 | — | No -ope ati g i come f om busi ess dispositio | (48 | ) | — | Adjusted et i come(4) | $ | 163,769 | $ | 163,921 | (0.1)% | Net i come | 126,718 | 148,542 | (14.7)% | I te est expe se | 13,839 | 15,122 | I come taxes | 27,403 | 31,406 | Dep eciatio a d amo tizatio expe se | 45,869 | 40,845 | EBITDA | $ | 213,829 | $ | 235,915 | (9.4)% | No – ecu i g o -cash expe ses(5) | 6,336 | — | Adjusted EBITDA | $ | 220,165 | $ | 235,915 | (6.7)% | Diluted EPS | $ | 3.50 | $ | 3.87 | (9.6)% | I ta gible asset amo tizatio | 0.40 | 0.36 | Rest uctu i g/seve a ce | 0.42 | — | CEO compe satio costs(1) | 0.09 | — | Busi ess dispositio , acquisitio s a d elated costs | 0.04 | 0.04 | Impai me t withi Othe assets(3) | 0.06 | — | Clie t ba k uptcy cha ges | 0.02 | — | No -ope ati g i come f om busi ess dispositio | 0.00 | — | Adjusted diluted EPS(4) | $ | 4.53 | $ | 4.27 | 6.1 | % | Weighted ave age commo sha es (diluted) | 36,191 | 38,344 | (1) Related to the ecog itio , ove thei espective se vice pe iods, of o e-time make-whole cash a d equity awa ds issued to ou CEO. | (2) Adjusted ope ati g ma gi is calculated as Adjusted ope ati g i come divided by Reve ues. | (3) Related to the impai me t of a equity i vestme t. | (4) Fo pu poses of calculati g Adjusted et i come a d Adjusted diluted EPS, all adjustme ts fo the th ee mo ths e ded May 31, 2026 a d May 31, 2025 we e taxed at a adjusted tax ate of 23.4% a d 27.3%, espectively. | (5) P ima ily elated to the impai me t of a equity i vestme t a d the ecog itio , ove thei espective se vice pe iods, of o e-time equity awa ds issued to ou CEO. |
| (U audited) | Figu es may ot foot due to ou di g | A ual Fiscal 2026 Guida ce | (I millio s, except pe sha e data) | Low e d of a ge | High e d of a ge | Reve ues | $ | 2,450 | $ | 2,470 | Ope ati g i come | $ | 760 | $ | 729 | Ope ati g ma gi | 31.0 | % | 29.5 | % | I ta gible asset amo tizatio | 75 | 75 | CEO compe satio | 25 | 25 | Disc ete items | 10 | 12 | Adjusted ope ati g i come | $ | 870 | $ | 840 | Adjusted ope ati g ma gi (a) | 35.5 | % | 34.0 | % | Net i come | $ | 582 | $ | 555 | I ta gible asset amo tizatio | 60 | 60 | CEO compe satio | 20 | 20 | Disc ete items | 8 | 10 | Adjusted et i come | $ | 670 | $ | 645 | Diluted ea i gs pe commo sha e | $ | 15.35 | $ | 14.85 | I ta gible asset amo tizatio | 1.63 | 1.63 | CEO compe satio | 0.54 | 0.54 | Disc ete items | 0.23 | 0.23 | Adjusted diluted ea i gs pe commo sha e | $ | 17.75 | $ | 17.25 | (a) Adjusted ope ati g ma gi is calculated as Adjusted ope ati g i come divided by Reve ues. |
Cash flows p ovided by ope ati g activities have bee educed by pu chases of p ope ty, equipme t, leasehold imp oveme ts a d capitalized i te al-use softwa e to epo t o -GAAP f ee cash flow.
| (U audited) | Th ee Mo ths E ded | May 31, | (I thousa ds) | 2026 | 2025 | Cha ge | Net Cash P ovided fo Ope ati g Activities | $ | 284,520 | $ | 253,833 | 12.1 | % | Less: pu chases of p ope ty, equipme t, leasehold imp oveme ts a d capitalized i te al-use softwa e | (30,475 | ) | (25,230 | ) | 20.8 | % | F ee Cash Flow | $ | 254,045 | $ | 228,603 | 11.1 | % |
The followi g table p ese ts the calculatio of o ga ic ASV.
| (I millio s) | As of May 31, 2026 | As epo ted ASV | $ | 2,484.3 | Impact f om fo eig cu e cy moveme ts | 1.3 | O ga ic ASV | $ | 2,485.6 | O ga ic ASV a ual g owth ate(a) | 7.1 | % | (a) Fo compa ability pu poses, i calculati g the o ga ic ASV a ual g owth ate, the p io yea excludes ASV f om dispositio s completed i the last 12 mo ths. |
