FactSet Research Systems (FDS) 10-K risk factor changes: FY2026 vs FY2025

Unauthorized access to confidential data including client data, other cyber-attacks, and the failure of our [removed: cyber-security] [added: cybersecurity] systems and procedures

Our size, scale and role in the financial markets [removed: increases our risk for cyber-attacks and] [added: increase] our exposure to [added: cyber-attacks and] other [removed: cyber-security] [added: cybersecurity] risks.

We and [removed: our] [added: the] third-party service providers [added: we rely on for certain critical functions] are subject to [removed: the risks of] system failures, security breaches and [removed: cyber-attacks, such as] [added: cyber-attacks - including] those sponsored by nation-states, terrorist organizations, or [removed: global corporations] [added: others] seeking to illicitly obtain technology or [removed: other] intellectual [removed: property, including through] [added: property - as well as to fraud or malice by employees or vendors, human error, software or hardware failures, and] the [added: risks associated with our] use of [removed: generative AI, agentic AI, phishing scams, hacking, viruses, denial of service attacks, tampering, intrusions, physical break-ins, ransomware] [added: mobile] and [removed: malware, employee errors or malfeasance.][added: cloud technologies.]

We make a range of commitments to our clients regarding our security [removed: practices, processes] [added: practices] and [removed: security posture.][added: posture, and if we do not adequately implement and enforce them, we could be in violation of those commitments.]

Cyberattacks, security breaches or third-party reports of perceived [removed: security vulnerability to our systems,] [added: vulnerability,] even if no breach has occurred, [removed: also] could damage our brand and reputation, result in litigation, regulatory actions, loss of client confidence and increased legal liability.

While we maintain insurance [removed: coverage that is] intended to address certain [removed: aspects of] cybersecurity and data protection risks, [removed: such coverage may not include, or] [added: it] may not [removed: be sufficient to cover,] [added: cover] all or the majority of the costs, losses or types of claims.

In addition, in remote work environments, the daily activities and productivity of our workforce [removed: is] [added: are] now more closely tied to key vendors consistently delivering their services without material disruption.

We [removed: also] currently use multiple providers of cloud services; however, one supplier provides the majority of our cloud computing support.

[removed: While we believe this provider to be reliable, we] [added: We] have limited control over its performance, and a disruption or loss of service from this provider could impair our system's operation and our ability to operate for a period of time.

We are currently [removed: implementing] [added: implementing, and making progress on,] a multi-year project to enhance our information technology disaster recovery processes with modernized tooling and automation to maximize resiliency and minimize recovery time in the event of a service [removed: disruption.][added: disruption or outage.]

Transition to new [added: and emerging] technologies, applications and processes could expose us to unanticipated disruptions or impacts

To remain competitive, we must invest, adapt and migrate to new [added: and emerging] technologies, applications and processes, including the evolving use of AI technology and agentic AI (see "*Our use of AI technologies may not be successful and may present business, compliance, and reputational risks*" below for further discussion).

Use of more advanced technologies and infrastructure is critical to the development of our products and services, [removed: the scaling of our business for future growth, and the accurate maintenance of our data and operations.]

The implementation of new [added: and emerging] technologies and infrastructure, such as migration to new cloud-based systems and increased utilization of AI internally and in our products and services, is complex and can involve substantial expenditures, as well as, risks inherent in the conversion to any new system, including potential loss of information and disruption to [removed: operations.][added: operations and compliance issues.]

[added: Therefore, there] is a risk that our internal procedures controlling the use of open source code could fail, or that the licenses could be construed in a manner that imposes unanticipated conditions or restrictions on us.

The introduction of AI technologies, particularly generative and agentic AI, into new or existing offerings may result in new or expanded risks and liabilities, due to enhanced governmental or regulatory scrutiny, litigation, compliance issues, ethical concerns, [added: negative client perceptions,] confidentiality, data privacy or security risks, as well as other factors that could adversely affect our business, reputation, and financial results.

Use of AI technologies may also increase risks related to cyberattacks or other security incidents or result in a failure to protect confidential [removed: information.][added: information (see “*Unauthorized access to confidential data including client data, other cyber-attacks, and the failure of our cybersecurity systems and procedures*” for further discussion).]

AI technologies used in our products and processes may use or incorporate data from third-party sources, including information they input into the AI tools, which may expose us to risks associated with data rights and [removed: protection.][added: protection, such as risks associated with infringing, misappropriating or otherwise violating others’ intellectual property rights, and we may also be unable to protect our data from unintended use or access by third-party AI systems.]

The predominant investment strategy today is no longer active investing, which attempts to outperform the [removed: market.][added: market through informed decision-making.]

Passive [removed: investing] [added: investing, which closely matches the performance of market indices,] requires little decision-making by investment managers and low operating costs which result in lower fees for the investor.

[removed: Uncertainty or] [added: Uncertainty,] downturns [added: or volatility] in the global economy and consolidation in the financial services industry may cause us to lose clients and [removed: users][added: users, or could reduce further growth]

[removed: Thus, economic uncertainty, economic downturns, lack] [added: Any] of [removed: confidence in] the [removed: global financial system, and consolidation in this sector] [added: foregoing] could adversely affect our business, financial results and future growth.

[removed: The] [added: Further,] decision on the part of large institutional clients to purchase our products and services often requires management-level sponsorship and typically [removed: depends] [added: depend] upon the size of the client, with larger clients having more complex and time-consuming purchasing processes.

Market volatility or market downturns may curtail our [removed: client's] [added: clients'] spending and lead them to delay or defer purchasing decisions or product service implementations, or cause them to cancel or reduce their spending with us, which could negatively impact our revenues and future growth.

Clients are increasingly looking to pass on contractual obligations to us, which may include service level, information and [removed: cyber-security] [added: cybersecurity] requirements and audit rights.

Many of our clients in the financial services sector are also subject to regulations and requirements to adopt risk management processes commensurate with the level of risk and complexity of their third-party relationships (including as required under the European Union ("EU") Digital Operational Resilience [removed: Acts] [added: Act] ("DORA")), and provide rigorous oversight of relationships that involve certain "critical activities," some of which may be deemed to be provided by us.

[removed: Even if the outcome of any claims brought against us] were ultimately favorable, such a claim would require the time and attention of our management, personnel, as well as financial and other resources and potentially pose a significant disruption to our normal business operations and reputational damage.

Reputational damage from negative perceptions or publicity, including, without limitation, market perception of our sustainability and corporate responsibility policies and [removed: practices,] [added: practices and our adoption of and use of emerging technologies,] could affect our ability to attract and retain clients and employees and our ability to maintain our pricing for our products and services.

Increased scrutiny with respect to [removed: sustainability] [added: environmental, social and governance] matters

In fiscal [removed: 2025,] [added: 2026,] approximately 39% of our revenues related to operations located outside the U.S. In addition, approximately [removed: 80%] [added: 81%] of our employees are located in offices outside the U.S., including India and the Philippines.

We collect and aggregate third-party content from data suppliers, news sources, exchanges, brokers and contributors into our own dedicated managed databases, which [added: our] clients access [removed: to perform their analyses.][added: through our flexible delivery platforms.]

Some of our content provider agreements are with competitors or smaller entities who may be acquired by our competitors, who [added: have and] may attempt to make renewals difficult or expensive.

Certain content sets that we rely on have a limited number of suppliers, although we make [removed: every] [added: an] effort to [removed: assure that, where reasonable,] [added: have] alternative sources [removed: are available.][added: available, where reasonable.]

[removed: We are not dependent on any one third-party content supplier to meet the needs of our clients, with two data] [added: Two] suppliers each [removed: representing] [added: represented] more than 10% of our total [added: third-party] content costs for fiscal [removed: 2025.][added: 2026.]

The development, maintenance, [removed: sale] [added: sale, implementation] and support of our products and services are dependent upon the knowledge, experience and ability of our highly skilled, educated and trained key personnel.

Key management transitions, such as [added: the transition of] our [removed: recent change in] Chief Executive [removed: Officer,] [added: Officer in 2025,] involve inherent risk, and such transition periods can be disruptive and may result in a loss of personnel with deep institutional or technical knowledge.

[removed: If we] are unsuccessful in our recruiting efforts, or if we are unable to retain key employees or offer competitive compensation and benefit packages and career structures, or if we are unable to navigate key management transitions, our ability to develop and deliver successful products and services or achieve strategic goals may be adversely affected, which could have a material adverse effect on our business and results of operations.

As previously disclosed in our Annual Report on Form 10-K for the fiscal year ended August 31, 2024, we identified a material weakness in our internal control over financial reporting related to the design and operation of our information technology (“IT”) general controls that support our revenues, accounts receivable, and deferred revenues [removed: processes.][added: processes, which was remediated as of August 31, 2026.]

Some recent legislative and regulatory changes that we believe could impact us and our clients include: (a) in the U.S., the Financial Data Transparency Act [added: of] 2022 ("FDTA"), which requires the FDTA’s sponsoring U.S. government agencies to identify standards, including common identifiers, for reporting financial products and transactions to those agencies; (b) in the EU, the EU’s DORA imposes operational resilience and cyber security standards and obligations, including technical and organizational standards and responsibilities which require technology and/or organizational investment, upon (i) many of our financial market clients, who aim to pass such obligations onto vendors, including us, and (ii) information and communications technology providers designated by the EU as “Critical Third Party Providers.” The [removed: United Kingdom ("UK")] [added: UK] is advancing similar legislation and other jurisdictions could follow; and (c) in Asia Pacific, we and our clients are subject to a number of regulatory risks.

[removed: Unfavorable resolution] [added: Any] of [removed: lawsuits] [added: the foregoing] could have a material adverse effect on our business, [removed: operating results or] financial [removed: condition.][added: condition or results of operations.]

These threats take many forms, including the use of generative and agentic AI, phishing, hacking, viruses, denial of service attacks, tampering, intrusions, physical break-ins, ransomware and malware.

Cyber-attacks continue to evolve in sophistication, frequency and volume, including as threat actors exploit generative and agentic AI to discover and exploit vulnerabilities at unprecedented speed and scale, and may be difficult to detect for long periods of time.

Our protective measures, and those of the third parties to which we are connected, may not be effective, and a failure by our clients or third-party providers to notify us of an incident in a timely manner could delay our response and increase the resulting harm.

As a result, we may not be able to anticipate, prevent or detect all attacks, and we are exposed to heightened risks of cyber-attacks or other security incidents.

In addition, future advances in computing, including quantum computing, could weaken or render obsolete the encryption and other security measures on which we and our third parties rely, including through the potential future decryption of data captured today.

We also make acquisitions periodically, and we may inherit cybersecurity risks when these acquisitions are integrated into our infrastructure.

We maintain, and continue to invest in, a cybersecurity program designed to identify, prioritize and mitigate these risks, including a multi-year strategy to further enhance our security posture, controls and resiliency and to remediate control gaps as they are identified.

As threats continue to evolve, we must devote additional resources to modify and enhance our systems and processes, including patch and vulnerability management, and these efforts may not be completed on the timeframe we anticipate, may require significant additional investment, and may not be sufficient to prevent or mitigate every cyberattack or security incident.

In addition, changes we make to our systems, software, infrastructure and processes, including new releases, updates, migrations and configuration changes, could introduce errors, defects or instability that degrade or interrupt our services, and our change-management and testing practices may not identify or prevent such issues before they affect clients.

We may be unable to secure data center capacity, power and computing resources on acceptable terms to meet our future needs

Our business, and in particular our growth and our increasing use of AI, depends on access to data center capacity, power and computing resources, including specialized hardware, whether provided through our own facilities or, increasingly, through third-party cloud and data center providers.

Demand for these resources has grown rapidly across the industry, driven in significant part by AI, and has contributed to constrained availability and rising costs.

As our needs increase, we may be unable to procure sufficient capacity, power or computing resources when needed, in the locations we require, or on commercially acceptable terms, and we may face increased costs, delays in deploying new products and capabilities, or constraints on our ability to scale.

Any of the foregoing could adversely affect our operations, margins and our ability to execute our strategy, and could have a material adverse effect on our business, financial condition or results of operations.

the scaling of our business for future growth, and the accurate maintenance of our data and operations.

Even where our AI-enabled products and services are adopted, we may be unable to monetize them profitably.

The cost of developing, delivering and operating AI capabilities — including model licensing, inference and compute costs and the consumption of AI tokens — can be significant and variable, and has increased as we expand our use of AI.

Our historical pricing has been based substantially on subscription and user-based models, and our efforts to introduce consumption-, usage- or outcome-based pricing that better aligns the price of our AI-enabled offerings with their underlying cost and value may not succeed or may not be accepted by clients.

If client adoption or usage of our AI features exceeds our expectations, or if we are unable to accurately forecast usage, price our offerings appropriately, or pass through the associated costs, our AI-related costs may exceed the revenues these offerings generate, and increased usage could adversely affect our margins.

Conversely, if adoption develops more slowly than anticipated, we may be unable to recover our AI investments within the timeframe we expect, or at all.

Any of the foregoing could adversely affect our profitability, margins and results of operations.

Laws and regulations governing AI are proliferating rapidly across the jurisdictions in which we operate, including the European Union’s Artificial Intelligence Act and a growing and divergent set of national, state and local requirements.

These frameworks are evolving, overlapping and in some cases conflicting, which makes it difficult and costly to

design, deploy and operate common, globally consistent AI systems, products and controls, and may require us to develop jurisdiction-specific approaches, restrict or delay the availability of certain AI capabilities in certain jurisdictions, or incur significant compliance costs.

Our ability to develop, commercialize and scale AI-enabled products and services depends in significant part on our ability to obtain and maintain sufficient rights to use data, including our own proprietary data, data licensed from third-party suppliers, and data contributed by or relating to our clients, for the training, fine-tuning, grounding, retrieval and output-generation functions of AI models and applications.

If we are unable to secure data rights on commercially reasonable terms and at the scale required, we may be unable to fully realize the anticipated benefits of, or generate the expected revenues from, our investments in AI, our AI-enabled offerings may be delayed, constrained or rendered less competitive, and we may be exposed to claims of infringement, misappropriation or breach of contract, any of which could have a material adverse effect on our business, financial condition or results of operations.

Inadequate or inconsistent governance of our internal use of AI could expose us to security, operational, legal and reputational risks

We are rapidly expanding the use of AI technologies, including generative and agentic AI, across our products, internal systems and business processes.

The pace of adoption may outpace the maturity of our governance, controls and oversight.

If AI tools are adopted inconsistently or in a decentralized manner across our business, or are used outside of our established governance frameworks and approved environments, we may be exposed to increased operational, security, legal, regulatory and reputational risk.

The introduction of agentic AI, which can take autonomous actions across systems, may create new attack surfaces and novel security vulnerabilities that our existing controls were not designed to address.

Our policies, controls and monitoring may not keep pace with the rapid evolution of these technologies or with emerging legal and regulatory requirements.

Any failure to establish and enforce effective AI governance could result in security incidents, regulatory scrutiny or enforcement, litigation, harm to our reputation and client relationships, and could otherwise have a material adverse effect on our business, financial condition or results of operations.

We are undergoing significant organizational change and transformation, and our failure to execute these initiatives effectively could disrupt our business and adversely affect our results

We are undertaking a number of significant organizational, operational and strategic transformation initiatives, including changes to our organizational structure, reporting lines, leadership, product development organization, go-to-market approach, pricing models, and technology and data operations, as well as ongoing investment in AI.

These initiatives are complex, are being pursued concurrently, and place substantial demands on management attention and on our workforce.

In fiscal 2026, we appointed a new Chief Executive Officer, Chief Financial Officer, Chief People and Workforce Transformation Officer and Chief Technology Officer, among other leadership changes.

Significant management transitions of this kind, particularly when they occur concurrently and alongside broader organizational change, involve inherent risk.

Such transitions can be disruptive, may result in the loss of institutional or technical knowledge, may affect strategic continuity, execution and decision-making, and may take time to yield their intended benefits.

Undertaking too many changes simultaneously, or failing to sequence, resource, prioritize or communicate them effectively, could overwhelm our capacity to execute, disrupt our ongoing business operations, degrade product quality, delivery or client service, and divert resources from revenue-generating activities.

We use third-party service providers for certain critical functions.

Cyber-security risks also may be derived from fraud or malice on the part of our employees or third-party service providers, or may result from human error, software bugs, server malfunctions, software or hardware failures or other technological failures.

Our and our vendors' use of mobile and cloud technologies may increase our risk for such threats.

Our protective systems and procedures and those of third parties to which we are connected, such as cloud computing providers, may not be effective against these threats.

In addition, failure by our clients or third-party service providers to notify us of system failures or security breaches in a timely manner could lead to unauthorized access to our systems and data, resulting in adverse effects on our business, operating results or financial condition.

We also make acquisitions periodically.

While significant effort is placed on addressing information technology security issues with respect to the companies we acquire, we may inherit such risks when these acquisitions are integrated into our infrastructure.

While we have dedicated resources responsible for maintaining appropriate levels of cybersecurity, and implemented systems and processes intended to help identify cyberattacks and protect and remediate our network infrastructure, we may not be able to anticipate, prevent or detect all such attacks.

As these threats continually evolve, we are required to devote additional resources and investment to modify or enhance our systems and processes, including patch and vulnerability management, which we may not be able to do in a timely or complete manner, or without adversely impacting our business, financial condition or results of operations.

If we do not adequately implement and enforce these security practices to the satisfaction of our clients, we could be in violation of our commitments to our clients.

Therefore, there

These risks include the possibility of enhanced governmental or regulatory scrutiny, litigation or other legal liability, compliance issues, ethical concerns, negative client perceptions, confidentiality or security risks, as well as other factors.

The main advantage of active management is the expectation that the investment managers will be able to outperform market indices.

They make informed investment decisions based on their experiences, insights, knowledge and ability to identify opportunities that can translate into superior performance.

The main advantage of passive investing is that it closely matches the performance of market indices.

A decline in equity and/or fixed income returns may impact the buying power of investment management clients

Volatility or downturns in the financial markets may delay the spending pattern of clients and reduce future ASV growth

In fiscal 2025, we completed several corporate transactions, including the acquisition of Irwin, LiquidityBook and LogoIntern.

We enjoy a positive reputation in the marketplace.

We may also face increased scrutiny from political leaders, organizations or groups criticizing ESG or climate-focused products, or our compliance with global ESG regulations.

Increased accessibility to free or relatively inexpensive information sources may reduce demand for our products and services

Each year, an increasing amount of free or relatively inexpensive information becomes available, particularly through the internet, and this trend is likely to continue, especially with the deployment of AI tools.

The availability of free or relatively inexpensive information may reduce demand for our products and services.

While we believe our offerings are distinguished by such factors as standardization, timeliness, normalization, accuracy, ease-of-use, completeness and other value-added factors, if users choose to obtain the information they need from public or other sources, our business, results of operations, and cash flows could be adversely affected.

We are still in the process of enhancing our internal controls related to the design and operation of our IT general controls that support our revenues, accounts receivable, and deferred revenues processes and expect to complete these remediation measures in fiscal 2026.

However, remediation efforts have placed, and will continue to place, a significant burden on management and add increased pressure to our financial and IT resources and processes.

There is no assurance that any remediation efforts will be fully effective.

We are party to lawsuits in the normal course of our business, including a purported class action relating to our acquisition, and operation of, the CGS business (*Dinosaur Financial Group LLC et al.

S&P Global, Inc. et al*).

Litigation and governmental investigations can be expensive, lengthy and disruptive to normal business operations.

Moreover, the results of complex legal proceedings are difficult to predict.

While we maintain insurance coverage in respect of certain risks, some of these lawsuits may not be covered by existing insurance.

Even if we successfully defend against these lawsuits, the costs of defending such lawsuits may be material to our business, operating results or financial condition and may divert our management’s attention from our business operations.

For additional information regarding legal matters, see Item 3.

*Legal Proceedings*, of this Annual Report on Form 10-K.

We believe we have strong contractual protection in the terms and conditions included in our arrangements with our clients.

Additional cost due to tax assessments resulting from ongoing and future audits by tax authorities as well as changes in tax laws

The global and diverse nature of our business means that there could be additional examinations by governmental tax authorities and the resolution of ongoing and other probable audits which could impose a future risk to the results of our business.

For example, during August 2019 through February 2024, we received various assessment and audit notices from the Commonwealth of Massachusetts Department of Revenue with respect to sales taxes, interest and underpayment penalties relating to the tax periods from January 1, 2006 through December 31, 2023 ("Sales Tax Dispute").

We entered into an agreement with the Commonwealth on November 26, 2024 which fully resolved all matters relating to the Sales Tax Dispute, bringing our total charge with respect to that matter to approximately $66.2 million.

For a similar detailed discussion comparing fiscal [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] refer to Part II, Item 7.

*Management's Discussion and Analysis of Financial Condition and Results of Operations* within our Annual Report on Form 10-K for the fiscal year ended August 31, [removed: 2024.][added: 2025.]

FactSet is a global [removed: financial digital platform] [added: data] and [removed: enterprise] [added: AI] solutions provider [added: to the financial markets] with open and flexible technologies that deliver financial intelligence to [removed: investment] [added: finance] professionals worldwide.

Our platform delivers expansive data, sophisticated analytics, and flexible, AI-powered technologies used by global financial professionals to power their critical [removed: investment] [added: investment, dealmaking and advisory] workflows.

As of August 31, [removed: 2025,] [added: 2026,] we had [removed: approximately 9,000] [added: more than 9,200] clients [removed: comprised of] [added: and] over [removed: 237,000 investment professionals,] [added: 260,000 professionals using our solutions,] including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge [removed: funds,] [added: fund professionals,] corporate users, [removed: and] private equity and venture capital [removed: professionals.][added: professionals, and market infrastructure participants.]

Our revenues are primarily derived from subscriptions to our multi-asset class data and solutions [removed: powered by our connected] [added: that include workstations, portfolio analytics, enterprise] data [added: solutions,] and [removed: technology platform.][added: AI solutions.]

We also offer managed services that operate as an extension of our clients' internal teams to support data, performance, risk and [removed: reporting] [added: reporting, and AI-enabled] workflows.

We drive our business based on a detailed understanding of our clients’ [removed: workflows, which helps us to solve their most complex challenges.][added: workflows.]

We provide financial data and market intelligence on securities, companies, industries and people to enable our clients to research [added: advisory, dealmaking and] investment ideas and analyze, monitor and manage their portfolios.

Our solutions [added: for institutional buyside clients] span the investment lifecycle of investment research, portfolio construction and analysis, trade execution, performance measurement, risk management and reporting.

We provide open and flexible [added: data and] technology offerings, including a configurable desktop and mobile platform, comprehensive data [removed: feeds,] [added: solutions,] cloud-based digital solutions, [added: APIs,] and [removed: APIs.][added: MCP servers.]

AI is embedded [removed: across] [added: throughout] these offerings to enhance data discovery, automate routine workflows and improve the speed and accuracy of client insights.

[removed: All of our platforms] [added: Our platform] and solutions are supported by our [removed: dedicated] client [added: success and] service [removed: team.][added: teams.]

Refer to Part [removed: I,] [added: II,] Item [removed: 1.][added: 5.]

Note [removed: 17,] [added: 16,] *Segment Information*, in the Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K for more information.

Fiscal [removed: 2025] [added: 2026] in Review

The growth in [removed: revenues] [added: revenue of 7.7%] was driven by a [removed: 4.4%] [added: 9.9%] increase in organic revenues, [added: partially offset by] a [removed: 0.9% increase from acquisition-related revenues] [added: 1.7% decrease related to disposition revenues, net of acquisition revenues,] and a [added: 0.5%] net [removed: increase of 0.1%] [added: decrease] from foreign currency exchange rate fluctuations.

Revenues increased in all our segments, [removed: primarily] [added: mainly] in the Americas.

Revenues increased primarily from [removed: workstations and] [added: workstations, data solutions and,] to a lesser extent, [removed: CGS] [added: portfolio management] and [removed: front office] [added: trading] solutions.

As of August 31, [removed: 2025,] [added: 2026,] organic annual subscription value ("Organic ASV") totaled [removed: $2,370.9] [added: $2,568.2] million, an increase of [removed: 5.7%] [added: 7.0%] over the prior year.

Organic ASV growth was mainly driven by [removed: workstations,] data solutions and, to a lesser extent, [removed: CGS.][added: workstations and middle office solutions.]

Operating margin was [removed: 32.2%] [added: 28.3%] for fiscal [removed: 2025,] [added: 2026,] compared with [removed: 31.8%] [added: 32.2%] for fiscal [removed: 2024.][added: 2025.]

[removed: Refer to] Part [removed: II,] [added: I,] Item [removed: 8.][added: 1.]

Note [removed: 12,] [added: 10, *Debt* and Note 11,] *Commitments and Contingencies* in the Notes to the Consolidated Financial Statements [removed: of] [added: included in] this Annual Report on Form 10-K for more information on [removed: the Sales Tax Dispute.][added: our letters of credit.]

Net income for fiscal [removed: 2025] [added: 2026] was [removed: $597.0] [added: $533.5] million, [removed: an increase] [added: a decrease] of [removed: 11.2%] [added: 10.6%] from the prior year.

Diluted earnings per common share ("Diluted EPS") for fiscal [removed: 2025] [added: 2026] was [removed: $15.55, an increase] [added: $14.57, a decrease] of [removed: 11.8%] [added: 6.3%] compared with the prior year.

We returned [removed: $460.4] [added: $808.1] million to our stockholders in the form of share repurchases and dividends during fiscal [removed: 2025.][added: 2026.]

As of August 31, [removed: 2025,] [added: 2026,] our client and user counts were [removed: 8,996] [added: 9,258] and [removed: 237,324,] [added: 260,671,] respectively.

–ASV at any point in time represents our forward-looking revenues for the next 12 months from all [removed: subscription] [added: recurring] services currently being supplied to clients.

–Organic ASV at any point in time equals our ASV excluding ASV from acquisitions and [added: the comparable impact of] dispositions [removed: completed] [added: and discontinued lines of business, effected] within the last 12 [removed: months] [added: months,] and the [removed: effects] [added: impact] of foreign currency movements.

The following table presents the calculation of Organic ASV as of August 31, [removed: 2025.][added: 2026.]

| *(dollar amounts in millions)* | | | As of August 31, [removed: 2025] [added: 2026] | | |

| Impact from foreign currency movements | | | [removed: (0.6)] [added: 3.0] | | |

| Organic ASV | | | $ | [removed: 2,370.9] [added: 2,568.2] | |

| *Organic ASV annual growth [removed: rate(2)*] [added: rate(1)*] | | | [removed: *5.7*] [added: *7.0*] | | *%* |

[removed: (2)] [added: (1)] For comparability purposes, in calculating the organic ASV annual growth rate, the prior year excludes ASV from dispositions [removed: completed in] [added: and discontinued lines of business effected within] the last 12 months.

The increase in Organic ASV was primarily [removed: due to higher sales to existing clients and, to a lesser extent, sales to new clients and price increases to existing clients, all primarily attributable to workstations,] [added: driven by] data solutions and, to a lesser extent, [removed: CGS.][added: workstations and middle office solutions.]

As of August 31, [removed: 2025,] [added: 2026,] ASV from the Americas represented 65% of total ASV and was [removed: $1,570.1] [added: $1,678.2] million, an increase from [removed: $1,455.4] [added: $1,570.1] million as of August 31, [removed: 2024.][added: 2025.]

Americas Organic ASV was [removed: $1,541.9] [added: also $1,678.2] million as of August 31, [removed: 2025,] [added: 2026,] a [removed: 6.0%] [added: 7.1%] increase from the prior year.

The Organic ASV increase in the Americas was primarily driven by [removed: workstations and, to a lesser extent,] data [removed: solutions.][added: solutions and workstations.]

Our banking solutions facilitate company and market research, enabling clients to perform fundamental analysis, generate ideas, and build and distribute presentations through proprietary and third-party databases with global coverage of public and private markets, granular industry metrics, and deep historical data.

Our wealth solutions support home office, advisory, and client engagement workflows, providing financial advisors with tools to monitor markets and their book of business, prospect for new clients, and generate proposals, while enhancing existing client relationships and improving firm-wide efficiency across the investment portfolio lifecycle.

Within each segment, we offer a range of products, data, managed services, and analytical applications which can be tailored to a wide range of workflows.

Refer to

Revenues totaled $2,476.3 million for fiscal 2026, an increase of 6.7% compared to the prior year, driven by a corresponding 6.7% increase in organic revenues.

This decrease was primarily driven by higher operating expenses as a percentage of revenues, mainly due to an increase in employee compensation costs, primarily driven by restructuring charges, higher variable compensation costs and one-time CEO compensation costs pursuant to the terms of his employment agreement, partially offset by growth in revenues.

These decreases were primarily driven by higher operating expenses, including non-recurring items, partially offset by growth in revenues.

The decrease in Diluted EPS was also partially offset by a reduction in the diluted weighted average common shares outstanding of approximately 1.8 million shares.

Our employee headcount was 12,444 as of August 31, 2026, a decrease of 2.8% compared to the prior year, primarily due to restructuring and reduced hiring, reflecting net headcount reductions of 5.5% in the Americas, 2.3% in Asia Pacific and 1.2% in EMEA.

| ASV | | | $ | 2,565.2 | |

| | | | | | |

This increase is derived from higher net sales to existing clients and, to a lesser extent, sales to new clients.

| Clients(1) | | | 9,258 | | | 8,996 | | | 2.9 | | % |

| Users | | | 260,671 | | | 237,324 | | | 9.8 | | % |

Our total client count increased mainly due to corporate clients and user count increased primarily due to wealth management users.

This net headcount reduction was primarily in the content operations group and was driven by restructuring and reduced hiring.

| Revenues | | | | | | $ | 2,476,256 | | | | | $ | 2,321,748 | | | | | 6.7 | | % |

| Americas | | | | | | $ | 1,617,438 | | | | | $ | 1,506,108 | | | | | 7.4 | | % |

| EMEA | | | | | | $ | 605,339 | | | | | $ | 580,284 | | | | | 4.3 | | % |

| Consolidated | | | | | | $ | 2,476,256 | | | | | $ | 2,321,748 | | | | | 6.7 | | % |

revenues.

| SG&A | | | | | | 553,153 | | | | | | 475,663 | | | | | | 16.3 | | % |

- Employee compensation costs increased by 100 basis points, primarily driven by restructuring charges to drive organizational efficiencies and higher annual base salaries mainly due to annual merit increases.

- Technology-related expenses increased by 40 basis points, primarily driven by higher spend in cloud-based hosting services and licensed software arrangements.

The increase in SG&A was primarily driven by higher employee compensation costs.

- Employee compensation costs increased 220 basis points, primarily due to higher variable compensation costs and stock-based compensation expense mainly due to the recognition, over their respective service periods, of the one-time cash bonus and equity awards granted to our CEO pursuant to the terms of his employment agreement.

In addition, variable compensation costs increased mainly due to financial achievement against targets.

Operating margin decreased to 28.3% in fiscal 2026, compared with 32.2% in the prior year, primarily driven by higher operating expenses, mainly due to an increase in employee compensation costs, partially offset by growth in revenues.

The increase in employee compensation costs was primarily driven by restructuring charges, higher variable compensation costs and one-time CEO compensation costs pursuant to the terms of his employment agreement.

| Americas | | | | | | $ | 259,566 | | | | | $ | 305,963 | | | | | (15.2) | | % |

| EMEA | | | | | | 258,403 | | | | | | 274,002 | | | | | | (5.7) | | % |

Americas operating income decreased primarily due to higher employee compensation costs and, to a lesser extent, amortization of intangible assets and technology-related expenses, partially offset by growth in revenues of 7.4%.

- Employee compensation costs increased primarily due to higher variable compensation costs, restructuring charges and an increase in stock-based compensation expense.

Variable compensation costs increased due to financial achievement against targets.

In addition, the increase in variable compensation costs and stock-based compensation expense was driven by the recognition, over their respective service periods, of the one-time cash bonus and equity awards granted to our CEO pursuant to the terms of his employment agreement.

The restructuring charges were related to driving organizational efficiencies.

- Technology-related expenses increased primarily due to higher spend in cloud-based hosting services and licensed software arrangements.

Asia Pacific operating income increased mainly due to growth in revenues of 7.7%, partially offset by higher employee compensation costs driven by an increase in annual base salaries, primarily from annual merit increases.

The decrease in Diluted EPS was also partially offset by lower diluted weighted average common shares outstanding.

For dispositions and discontinued lines of business, prior year organic revenues exclude the prior year comparable revenues that were incurred before the date of disposition or discontinuance.

Our products and services include workstations, portfolio analytics and enterprise data solutions.

The CGS business supports security master files relied on by the investment industry for critical front, middle and back-office functions.

Within each segment, we offer data, products and analytical applications by firm type: Institutional Buyside, Dealmakers, Wealth, and Partnerships and CGS.

Revenues for fiscal 2025 were $2,321.7 million, an increase of 5.4% from the comparable prior year.

This increase in operating margin was mainly due to growth in revenues and, when expressed as a percentage of revenues, charges related to the Sales Tax Dispute that were recorded in the prior year, partially offset by higher amortization of intangible assets in the current year.

The increase in Net income and Diluted EPS was primarily driven by higher operating income and a gain from the divestiture of a business.

Our employee headcount was 12,800 as of August 31, 2025, up 3.2% compared to the prior year.

This increase was driven by net headcount growth of 6.0% in the Americas and 2.6% in each of EMEA and Asia Pacific.

Beginning in fiscal 2025, we are reporting Organic ASV, rather than Organic ASV plus professional services, to focus on the recurring nature of our revenues.

This underscores the shift of our offerings toward providing more managed services and less project-based services.

| ASV | | | $ | 2,405.6 | |

| Acquisition ASV*(1*) | | | (34.1) | | |

(1) ASV from acquisitions completed within the last 12 months.

As of August 31, 2025, Organic ASV was $2,370.9 million, an increase of 5.7% compared with August 31, 2024.

This increase was partially offset by existing client cancellations.

Buy-side and Sell-side Organic ASV Growth

The buy-side and sell-side Organic ASV annual growth rates as of August 31, 2025 were 5.5% and 4.3%, respectively.

Buy-side clients account for approximately 82% of our Organic ASV, consistent with the prior year, and primarily include institutional asset managers, wealth managers, asset owners, partners, hedge funds and corporate clients.

The remaining Organic ASV is derived from sell-side firms and primarily include broker-dealers, banking and advisory firms, and private equity and venture capital firms.

| | | | | | | | | | | | |

| Clients(1) | | | 8,996 | | | 8,217 | | | 9.5 | | % |

| Users(2) | | | 237,324 | | | 216,381 | | | 9.7 | | % |

(2)The user count does not reflect users associated with our fiscal 2025 acquisitions.

Our total client count was 8,996 as of August 31, 2025, a net increase of 9.5% or 779 clients in the last 12 months, mainly due to an increase in corporate clients, primarily driven by clients from the Platform Group Limited ("Irwin") acquisition.

As of August 31, 2025, there were 237,324 professionals using FactSet, representing a net increase of 9.7% or 20,943 users in the last twelve months, primarily driven by an increase in wealth management users.

The user count does not reflect our fiscal 2025 acquisitions.

This net headcount increase was primarily in the technology and sales groups mainly driven by continued investment in our COEs, through an increase in employees based in the Philippines and India, and our Irwin and Liquid Holdings, LLC ("LiquidityBook") acquisitions.

| Revenues | | | | | | $ | 2,321,748 | | | | | $ | 2,203,056 | | | | | 5.4 | | % |

Revenues in fiscal 2025 were $2,321.7 million, an increase of 5.4%.

| Americas | | | | | | $ | 1,506,108 | | | | | $ | 1,419,901 | | | | | 6.1 | | % |

| EMEA | | | | | | $ | 580,284 | | | | | $ | 563,128 | | | | | 3.0 | | % |

| Consolidated | | | | | | $ | 2,321,748 | | | | | $ | 2,203,056 | | | | | 5.4 | | % |

Revenues from the Americas increased 6.1% to $1,506.1 million in fiscal 2025, compared with $1,419.9 million in fiscal 2024.

Revenues from EMEA increased 3.0% to $580.3 million in fiscal 2025, compared with $563.2 million in fiscal 2024.

Revenues from Asia Pacific increased 7.0% to $235.3 million in fiscal 2025, compared with $220.0 million in fiscal 2024.

This 7.0% was driven by a 6.3% increase in organic revenues, a 0.5% increase from acquisition-related revenues and a 0.2% net increase from foreign currency exchange rate fluctuations.

| SG&A | | | | | | 475,663 | | | | | | 489,812 | | | | | | (2.9) | | % |

SG&A expenses decreased 2.9% to $475.7 million during fiscal 2025, compared with $489.8 million in fiscal 2024.

The decrease was primarily attributable to charges related to the Sales Tax Dispute recorded in the prior year, partially offset by higher employee compensation costs and professional fees in the current year.

This decrease was primarily due to charges associated with the Sales Tax Dispute recorded in the prior year, partially offset by higher employee compensation costs and professional fees in the current year.

Foreign [removed: Currency Transaction Risk][added: Currency]

During fiscal [removed: 2025 and 2024,] [added: 2026,] we maintained a series of foreign currency forward contracts to hedge a portion of our projected operating expenses in these primary currency exposures, namely the British Pound Sterling, Euro, Indian Rupee and Philippine Peso.

As of August 31, [removed: 2025,] [added: 2026,] the hedge maturity periods of our outstanding foreign currency forward contracts range from the first quarter of fiscal [removed: 2026] [added: 2027] through the fourth quarter of fiscal [removed: 2026.][added: 2027.]

Based on the operating income for fiscal [removed: 2025,] [added: 2026,] comparing the average [removed: quarterly] foreign currency exchange rates for fiscal [removed: 2025] [added: 2026] to the respective rates for fiscal [removed: 2024, net] [added: 2025 and the impact] of [added: the change in] hedge activity, resulted in [removed: an increase] [added: a decrease] in operating income of [removed: $0.3] [added: $2.1] million.

We performed a sensitivity analysis to determine the effects on both the fair value of our outstanding foreign currency forward contracts and our operating income, excluding these forward contracts, of a hypothetical devaluation of the U.S. dollar by 10% as of August 31, [removed: 2025,] [added: 2026,] relative to the other foreign currencies in which we transact.

The sensitivity analysis indicated that a devaluation of the U.S. dollar by 10% would have increased the fair value of our outstanding forward contracts by approximately $19 million as of August 31, [removed: 2025] [added: 2026] and decreased our operating income, excluding these forward contracts, by an estimated [removed: $47] [added: $51] million for fiscal [removed: 2025.][added: 2026.]

[removed: Foreign Currency Translation Risk][added: *Translation* *Risk*]

| *(in thousands)* | | | [removed: 2025] [added: 2026] | | | [removed: 2024] [added: 2025] | | |

| Foreign currency translation adjustment gains (losses) | | | $ | [removed: 15,565] [added: (5,958)] | | $ | [removed: 8,565] [added: 15,565] | |

[removed: Interest] [added: *Interest] Rate [removed: Risk][added: Risk*]

[removed: *Cash] [added: Cash] and Cash Equivalents and [removed: Investments*][added: Investments]

As of August 31, [removed: 2025,] [added: 2026,] we had Cash and cash equivalents of [removed: $337.7] [added: $233.3] million and Investments of [removed: $17.4] [added: $32.0] million.

Our [removed: Cash and] cash equivalents [added: primarily] consist of [removed: cash and highly liquid investments including demand deposits and] money market funds and our Investments consist of mutual funds.

We are exposed to interest rate risk through fluctuations [removed: of] [added: in] interest rates on [removed: these investments.][added: our money market funds and mutual funds.]

[removed: *Debt*][added: Debt]

As [removed: of August 31, 2025,] [added: such,] our [added: interest rate exposure is limited to the] outstanding [added: balance of our] floating rate debt [removed: included $375.0 million] under [removed: the] [added: our] 2025 Credit [removed: Agreement.][added: Facilities.]

Assuming the principal balance of our outstanding floating rate [removed: debt, net of the 2025 Swap Agreement,] [added: debt] remained at [removed: $275.0] [added: $375.0] million, a hypothetical 25 basis point change (up or down) in the one-month SOFR would result in an approximate $1 million change to our annual interest [removed: expense as of August 31, 2025.][added: expense.]

Note [removed: 11,] [added: 10,] *Debt* in the Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K for more information on our [removed: swap agreements and] outstanding borrowings.

*Transaction Risk*

*Credit Risk*

We are exposed to credit risk for our cash, cash equivalents and restricted cash held in financial institutions in the event of a default, to the extent that such amounts are in excess of applicable insurance limits; however, we do not believe our concentration of cash, cash equivalents and restricted cash presents a significant credit risk as the counterparties to the instruments consist of multiple high-quality, credit-worthy financial institutions.

*Interest Rate Risk*

As of August 31, 2026, this outstanding balance was $375.0 million, which bore interest at a rate equal to the applicable one-month Term SOFR plus a 0.875% interest rate margin, based on a debt leverage pricing grid.

*2025 Credit Agreement*

As of August 31, 2025, the outstanding borrowings under the 2025 Credit Agreement bore interest at a rate equal to the applicable

one-month Term SOFR plus a 0.975% spread (comprised of a 0.875% interest rate margin based on a debt leverage pricing grid plus a 0.1% credit spread adjustment).

To mitigate our exposure to interest rate volatility due to changes in SOFR, we entered into the 2025 Swap Agreement on April 24, 2025, to hedge a portion of our outstanding floating SOFR debt with a fixed interest rate of 4.086%.

As of August 31, 2025, the 2025 Swap Agreement has a notional amount of $100.0 million and matures on February 28, 2026.

As such, our interest rate exposure as of August 31, 2025 is limited to the outstanding principal balance of our floating rate debt under our 2025 Credit Facilities in excess of the 2025 Swap Agreement.

As of August 31, 2025, our interest rate exposure equals the Term SOFR applied to $275.0 million, our outstanding floating rate debt, net of our 2025 Swap Agreement.

FactSet is a global [removed: financial digital platform] [added: data] and [removed: enterprise] [added: artificial intelligence ("AI")] solutions provider [added: to the financial markets] with open and flexible technologies that deliver financial intelligence to [removed: investment] [added: finance] professionals worldwide.

Our platform delivers expansive data, sophisticated analytics, and flexible, [removed: artificial intelligence ("AI")-powered] [added: AI-powered] technologies used by global financial professionals to power their critical [removed: investment] [added: investment, dealmaking and advisory] workflows.

As of August 31, [removed: 2025,] [added: 2026,] we had [removed: approximately 9,000] [added: more than 9,200] clients [removed: comprised of] [added: and] over [removed: 237,000 investment professionals,] [added: 260,000 professionals using our solutions,] including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge [removed: funds,] [added: fund professionals,] corporate users, [removed: and] private equity and venture capital [removed: professionals.][added: professionals, and market infrastructure participants.]

Our revenues are primarily derived from subscriptions to our multi-asset class data and solutions [removed: powered by our connected] [added: that include workstations, portfolio analytics, enterprise] data [added: solutions,] and [removed: technology platform.][added: AI solutions.]

We also offer managed services that operate as an extension of our clients' internal teams to support data, performance, risk and [removed: reporting] [added: reporting, and AI-enabled] workflows.

We drive our business based on a detailed understanding of our clients’ [removed: workflows, which helps us to solve their most complex challenges.][added: workflows.]

We provide financial data and market intelligence on securities, companies, industries and people to enable our clients to research [added: advisory, dealmaking and] investment ideas and analyze, monitor and manage their portfolios.

Our solutions [added: for institutional buyside clients] span the investment lifecycle of investment research, portfolio construction and analysis, trade execution, performance measurement, risk management and reporting.

We provide open and flexible [added: data and] technology offerings, including a configurable desktop and mobile platform, comprehensive data [removed: feeds,] [added: solutions,] cloud-based digital solutions, [removed: and] application programming interfaces [removed: ("APIs").][added: ("APIs"), and model context protocol ("MCP") servers.]

AI is embedded [removed: across] [added: throughout] these offerings to enhance data discovery, automate routine workflows and improve the speed and accuracy of client insights.

[removed: All of our platforms] [added: Our platform] and solutions are supported by our [removed: dedicated] client [added: success and] service [removed: team.][added: teams.]

Our segment revenues are based on the geographic region where [removed: the sale originated:][added: our clients contract with us:]

In the Americas, we have offices in [removed: nine] [added: eight] states in the United States [removed: ("U.S."), including our corporate headquarters located in Norwalk, Connecticut.][added: ("U.S.").]

Revenues from the Americas represented 65% of total revenues during fiscal [removed: 2025.][added: 2026.]

- EMEA: The EMEA segment primarily sells to clients in Europe, the Middle East and Africa via offices in Bulgaria, [removed: England,] France, Germany, Italy, Latvia, Luxembourg, the Netherlands, [removed: Sweden and] [added: Sweden,] the United Arab [removed: Emirates.][added: Emirates and the United Kingdom ("UK").]

Revenues from EMEA represented [removed: 25%] [added: 24%] of total revenues during fiscal [removed: 2025.][added: 2026.]

Revenues from Asia Pacific represented [removed: 10%] [added: 11%] of total revenues during fiscal [removed: 2025.][added: 2026.]

Note [removed: 17,] [added: 16,] *Segment Information,* in the Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K for more information on our segments.

- Expanding our data [added: and analytics] offerings and delivery capabilities: We continue to [removed: scale up] [added: expand] our data [removed: ecosystem] [added: and analytics] to provide a comprehensive [removed: inventory] [added: corpus] of industry, [removed: proprietary] [added: proprietary, contributed,] and third-party [removed: data.][added: data and models.]

This includes granular data for key industry verticals, real-time market data, fund data and [removed: sustainable finance.][added: frontier unstructured data.]

In addition to using our growing data catalog to drive our AI-powered workstation products, we aim to continue to expand our [removed: data] delivery capabilities in the cloud and through other [removed: methods] [added: methods, including MCP,] to advance our position as [removed: an] [added: a leading] enterprise data provider for our [removed: clients.][added: clients in the AI age.]

[removed: On September 8, 2025,] [added: |] Sanoke Viswanathan [removed: assumed the role of] [added: | | | 51 | | |] Chief Executive Officer [removed: and joined FactSet’s Board of Directors.][added: | | | 2025 | | |]

[removed: The majority] [added: We derive most] of our revenues [removed: are derived from] [added: by delivering] client access to our multi-asset [added: class data and] solutions powered by our platform of connected data and technology that is available over the contractual [removed: term.][added: term (referred to as the "Hosted Platform").]

We [removed: offer] [added: are a part of the financial information services industry focused on delivering] expansive data, sophisticated analytics, and flexible technology through our [added: open] platform.

ASV at any point in time represents our forward-looking revenues for the next 12 months from all [removed: subscription] [added: recurring] services currently being supplied to clients.

Organic ASV at any point in time [removed: represents] [added: equals our] ASV excluding ASV from acquisitions and [added: the comparable impact of] dispositions [removed: completed] [added: and discontinued lines of business, effected] within the last 12 [removed: months] [added: months,] and the [removed: effects] [added: impact] of foreign currency movements.

We had [removed: 8,996] [added: 9,258] clients and [removed: 237,324] [added: 260,671] professionals using FactSet as of August 31, [removed: 2025.][added: 2026.]

Our client count includes clients with ASV of $10,000 and [removed: above and our user count does not reflect users associated with our fiscal 2025 acquisitions.][added: above.]

For the year ended August 31, [removed: 2025,] [added: 2026,] annual ASV retention was greater than 95% and, when expressed as a percentage of clients, annual retention was [removed: 91%.][added: 90%.]

We [added: collect and] aggregate content from third-party data suppliers, news sources, exchanges, brokers and contributors into our [added: own] dedicated managed databases, which our clients access through our flexible delivery platforms.

[removed: We are not dependent on any one third-party data supplier to meet the needs of our clients, with two data] [added: Two] suppliers each [removed: representing] [added: represented] more than 10% of our total [removed: data] [added: third-party content] costs during fiscal [removed: 2025.][added: 2026.]

We currently use several cloud providers; however, one supplier provided the majority of our cloud computing support for fiscal [removed: 2025.][added: 2026.]

We continue to focus on maintaining a global [removed: technological] [added: technology] infrastructure that allows us to support our growing business.

Research and Product [removed: Development Costs][added: Development]

We continue to invest in AI solutions that adapt as our clients’ workflows evolve, helping professionals leverage automation, generative [removed: intelligence,] [added: intelligence] and dynamic [removed: analytics—rapidly] [added: analytics, while rapidly] embracing new technologies to improve discoverability and usability of our products and services.

We offer clients comprehensive solutions with a broad set of products delivered through a desktop or mobile user interface, [added: AI-enabled chat and agentic solutions,] cloud-based platforms, [removed: or through] standardized or bespoke data feeds, [removed: as well as] [added: and] APIs.

[removed: In addition, our applications, client support and service offerings are entrenched in the workflow] of many financial professionals given the data management, portfolio analysis and screening capabilities offered.

As a result, we believe our products are central to our clients’ [removed: investment] analysis, decision-making and operations.

Our current competitive market is comprised of both large, well-capitalized companies and smaller, niche firms including market data suppliers, [added: vertical AI solution providers,] news and information providers, technology firms, and many third-party content providers that [added: also] supply us with financial information included in our products.

As of August 31, [removed: 2025,] [added: 2026,] we had [removed: 35] [added: 33] offices in 19 countries with [removed: 12,800] [added: 12,444] employees, representing [removed: an increase] [added: a decrease] of [removed: 3.2%] [added: 2.8%] compared with August 31, [removed: 2024.][added: 2025.]

Our banking solutions facilitate company and market research, enabling clients to perform fundamental analysis, generate ideas, and build and distribute presentations through proprietary and third-party databases with global coverage of public and private markets, granular industry metrics, and deep historical data.

Our wealth solutions support home office, advisory, and client engagement workflows, providing financial advisors with tools to monitor markets and their book of business, prospect for new clients, and generate proposals, while enhancing existing client relationships and improving firm-wide efficiency across the investment portfolio lifecycle.

Within each segment, we offer a range of products, data, managed services, and analytical applications which can be tailored to a wide range of workflows.

Products and Solutions

We deliver trusted, connected financial data, software applications, advanced analytics, and AI-powered solutions embedded in the critical workflows that finance professionals rely on every day.

We serve a diverse array of clients in over 80 countries and a wide range of verticals, ranging from the largest global financial services firms with multiple business lines to smaller and independent firms.

Our clients include institutional asset managers, asset owners, hedge funds, investment banks, wealth managers, private equity and venture capital firms, corporations, and market infrastructure participants.

As our clients’ needs vary, we tailor our data and technology to become an integral component of the workflows that drive their decision-making.

Clients access our capabilities in the form that best fits their operating model, whether through software applications, data feeds and APIs, or managed services.

Many clients use our capabilities in more than one form, combining our data and applications with their own workflows and systems.

Underpinning these workflows is a broad and expanding set of financial markets data, including client-owned data, that we ingest, map, normalize, and structure.

Our mapping links entities, securities, and identifiers across our content allowing our clients to integrate our data with their own.

We also deliver our content in forms designed for machine consumption, including the metadata and symbology that allow AI agents and other automated systems to interpret and act on it.

In addition, through our CUSIP Global Services ("CGS") business, operating on behalf of the American Bankers Association, we support security master files and serve as the exclusive issuer of Committee on Uniform Security Identification Procedures ("CUSIP") and CUSIP International Number System ("CINS") identifiers globally.

We aim to be a single, authoritative source by collecting, mapping, normalizing, and structuring data into formats that both professionals and AI systems can rely on.

- Transforming client workflows with AI: Through continued innovation, we aim to help our clients re-design their core workflows with AI.

This includes fundamentally re-imagining our core workstation product and building agentic solutions with specialized domain knowledge across our firm types, including investment research, performance reporting, financial modeling, pitch creation, meeting preparation, advisory client engagement, and more.

We are developing the platform for clients to build, register, entitle, audit, and manage AI agents, whether developed by us, our clients, or third parties, and to intelligently route work between deterministic systems and large language model systems to optimize quality.

- Enhancing our commercial capabilities for the AI age: We are building a suite of AI products with a focus on trusted, high-quality data, secure integration with models and workflows, and deep domain expertise.

To deploy these new solutions and capture value, we are upgrading our commercial and go-to-market capabilities, including by actively moving client contracts to longer duration enterprise platform agreements that combine subscription-based minimums with consumption-based pricing components.

The Hosted

Platform is a subscription-based service that provides client access to various combinations of products and services including workstations, portfolio analytics, enterprise data solutions, AI agents, and agentic workflow solutions.

We are not dependent on any one third-party content supplier to meet the needs of our clients.

In addition, our applications, client support and service offerings are entrenched in the workflow

The financial market data environment is competitive and includes many firms that provide products and services similar to our offerings, most notably Bloomberg L.P., S&P, London Stock Exchange Group ("LSEG"), BlackRock, MSCI Inc., and Morningstar Inc., in addition to clients with in-house teams developing their own solutions.

*Board Oversight & Executive Management*

Our Board of Directors and management team view our people as critical to our ability to execute our strategy.

As a result, the Board of Directors and the Compensation and Talent Committee oversee and regularly engage with our Chief Executive Officer ("CEO"), Chief People & Workforce Transformation Officer and other senior leaders on topics such as talent attraction, talent development, retention, succession planning, compensation and benefits, workplace culture, and employee engagement.

At the management level, our Chief People & Workforce Transformation Officer is responsible for leading the development and execution of the Company’s people and workforce management strategy with the support of the Company’s Executive Leadership Team.

*Compensation Program*

Our compensation program consists of a mix of annual salary; annual cash bonus for eligible employees, linked to Company and individual performance; and equity awards for eligible employees, designed to align their interests with our stockholders.

To attract and retain the talent critical to deliver on our business objectives and create sustainable growth, we foster a culture that promotes employee engagement, satisfaction, and professional development.

We also invest in our employees by providing a range of training and learning programs designed to help employees advance their knowledge, skills and experience, including mentorship, leadership development programs, department-specific training, and focused upskilling.

under Section 15 of the Exchange Act.

Mr. Warren served as the Chief Financial Officer of Envestnet, Inc. from 2023 to 2025.

Previously, he served as the Managing Director and Global Head of Business Strategy for iShares and Index Investments for BlackRock, Inc. ("BlackRock") from 2021 to 2023, and prior to that, he was the Managing Director in BlackRock's Corporate Strategy and Development team.

Mr. Warren also held roles at Barclays Capital Inc.; Foros Group; the United States Department of the Treasury; and Skadden, Arps, Slate, Meagher & Flom LLP.

Mr. Warren holds a Juris Doctor from the New York University School of Law and Bachelor of Arts in Philosophy and History from Dartmouth College.

As Chief People & Workforce Transformation Officer, she is responsible for all aspects of FactSet’s people strategy and operations.

Ms. Hirji served as Chief People Officer for S&P Global Market Intelligence, the largest division of S&P Global from 2019 to 2022 and then expanded her remit to lead the people function for Dow Jones Indices from 2022 to 2024.

Our products and services include workstations, portfolio analytics and enterprise data solutions.

The CUSIP Global Services ("CGS") business supports security master files relied on by the investment industry for critical front, middle and back-office functions.

Within each segment, we offer data, products and analytical applications by firm type: Institutional Buyside, Dealmakers, Wealth, and Partnerships and CGS.

Firm Types

Institutional Buyside

Institutional Buyside focuses on multi-asset class solutions, including AI-powered workflows and insights, for global asset managers, asset owners and hedge fund professionals across the investment portfolio lifecycle.

This firm type includes workflows for research analysts, portfolio managers, and traders in the front office, as well as performance analysts, risk managers, and client service and marketing professionals in the middle office.

Our front office on-platform solutions are designed for research management, order management, portfolio construction, and trade execution capabilities.

Our middle office on-platform solutions are designed for performance measurement, attribution, reporting and risk management capabilities, and are complemented by our middle office managed services.

In addition to our on-platform workstation offerings, we offer comprehensive off-platform data and technology solutions including data feeds, APIs, and programmatic access for clients to engage with us in the environment best suited to them.

Dealmakers

Dealmakers focuses on workflow solutions for investment bankers, sell-side research analysts, corporate users, investor relations officers, and private equity and venture capital professionals.

We provide comprehensive solutions to our clients including workstations, mobile solutions, data feeds, APIs, proprietary and third-party data, and productivity tools for Microsoft® Office.

We also deliver firm type tailored solutions for client relationship management ("CRM") and AI-powered solutions to bring automation to time-consuming and manual aspects of our clients’ daily workflows.

Our tools are used to analyze companies and markets, perform fundamental research, generate ideas, build and distribute presentations and monitor investments.

We offer global coverage of public and private markets, granular industry metrics, deep history, and transparency through proprietary and third-party sourced databases.

Wealth

Wealth focuses on comprehensive solutions to wealth management clients including our web-based workstation, book-of-business dashboards for advisors, data feeds, APIs, proprietary and third-party data, and productivity tools for Microsoft® Office.

We also offer AI-powered prospecting, monitoring and proposal generation tools that enable financial advisors to grow and enhance existing client relationships.

Our Wealth solution enables our clients to easily integrate our products into their CRM software and internally developed applications.

Wealth clients use our advisory tools to provide support for their businesses, including home office, advisory, and client engagement work.

We continue to focus on expanding our relevant data offerings and increasing workflow efficiency across the investment portfolio lifecycle for wealth management firms.

Partnerships and CGS

Partnerships delivers solutions such as data and technology solutions, workstations, and digital or analytics solutions to firms in the financial services ecosystem including data, analytics and technology platform providers.

This includes curated datasets and turnkey APIs to enable technologists and developers to power new AI-based workflows with programmatic access to FactSet’s high-quality, connected content.

CGS is the exclusive issuer of CUSIP and CINS identifiers globally.

CGS also acts as the official numbering agency for International Securities Identification Number ("ISIN") identifiers in the U.S. and as a substitute ISIN agency for more than 30 other countries.

We are focused on growing our global business through three strategically aligned geographic segments: the Americas, EMEA and Asia Pacific.

This approach allows us to better manage resources, target solutions and interact with clients effectively.

- Embedding deeper in client workflows: Through continued innovation, we aim to deepen our integration into our clients' workflows.

We are focused on expanding further into the buy-side front office by leveraging our expertise in portfolio performance, analytics, and risk management.

In addition, we are building on our strong presence on advisor desktops by expanding into prospecting and digital reporting workflows.

We are also working to introduce next-generation automation in research, financial modeling, and pitch creation.

- Innovating with AI: Our AI roadmap, driven by our FactSet AI Blueprint, is resonating with our clients, and FactSet's AI solutions are generating usage, demand and commercial transactions.

We continue to advance a pragmatic, open, and flexible strategy for integrating AI and natural language processing into our clients’ workflows, aiming to boost productivity by surfacing actionable insights throughout the portfolio lifecycle and automating routine research and content processing tasks.

FactSet is delivering AI embedded workflow solutions for various personas including research analysts, bankers, portfolio managers, wealth advisors and engineering teams across our clients.

These outcomes accelerate decision making for our clients and will differentiate FactSet from our competitors and drive growth.

Executive Leadership Transition

Mr. Viswanathan succeeds F.

Philip Snow, who retired from these roles effective on Mr. Viswanathan's start date.

Note [removed: 12,] [added: 11,] *Commitments and Contingencies* in the Notes to the Consolidated Financial Statements included in this Annual Report on Form [removed: 10-K, for more information on contingent matters.][added: 10-K.]

From time to time, we are subject to legal proceedings, claims and litigation arising in the ordinary course of business.

Based on currently available information, our management does not believe that the ultimate outcome of these unresolved matters against us, individually or in the aggregate, is likely to have a material adverse effect on our consolidated financial position, annual results of operations and cash flows.

However, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.

For the fiscal year ended August 31, [removed: 2025][added: 2026]

[removed: ][added: ]

| Title of each class | | | Trading [removed: Symbols(s)] [added: Symbol(s)] | | | Name of each exchange on which registered | | |

[removed: Indicated] [added: Indicate] by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant based upon the closing price of a share of the registrant’s common stock on February [removed: 28, 2025,] [added: 27, 2026,] the last business day of the registrant’s most recently completed second fiscal quarter, as reported by the New York Stock Exchange on that date, was [removed: $17,509,083,420.][added: $7,928,656,331.]

As of October 15, [removed: 2025,] [added: 2026,] there were [removed: 37,456,326] [added: 35,255,660] shares of the registrant's common stock outstanding.

Certain information required by Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for our [removed: 2025] [added: 2026] Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission not later than 120 days after August 31, [removed: 2025.][added: 2026.]

For The Fiscal Year Ended August 31, [removed: 2025][added: 2026]

| | | | [Item [removed: 1.](#ib796dee8748c4638b4a4bf5def45c14d_13)] [added: 1.](#id93253b6c6d743009d916199362386a6_13)] | | | [removed: [Business](#ib796dee8748c4638b4a4bf5def45c14d_13)] [added: [Business](#id93253b6c6d743009d916199362386a6_13)] | | | [removed: [5](#ib796dee8748c4638b4a4bf5def45c14d_13)] [added: [5](#id93253b6c6d743009d916199362386a6_13)] | | |

| | | | [Item [removed: 1A.](#ib796dee8748c4638b4a4bf5def45c14d_16)] [added: 1A.](#id93253b6c6d743009d916199362386a6_16)] | | | [Risk [removed: Factors](#ib796dee8748c4638b4a4bf5def45c14d_16)] [added: Factors](#id93253b6c6d743009d916199362386a6_16)] | | | [removed: [14](#ib796dee8748c4638b4a4bf5def45c14d_16)] [added: [11](#id93253b6c6d743009d916199362386a6_16)] | | |

| | | | [Item [removed: 1B.](#ib796dee8748c4638b4a4bf5def45c14d_19)] [added: 1B.](#id93253b6c6d743009d916199362386a6_19)] | | | [Unresolved Staff [removed: Comments](#ib796dee8748c4638b4a4bf5def45c14d_19)] [added: Comments](#id93253b6c6d743009d916199362386a6_19)] | | | [removed: [23](#ib796dee8748c4638b4a4bf5def45c14d_19)] [added: [22](#id93253b6c6d743009d916199362386a6_19)] | | |

| | | | [Item [removed: 1C](#ib796dee8748c4638b4a4bf5def45c14d_22).] [added: 1C](#id93253b6c6d743009d916199362386a6_22).] | | | [removed: [Cybersecurity](#ib796dee8748c4638b4a4bf5def45c14d_22)] [added: [Cybersecurity](#id93253b6c6d743009d916199362386a6_22)] | | | [removed: [23](#ib796dee8748c4638b4a4bf5def45c14d_22)] [added: [22](#id93253b6c6d743009d916199362386a6_22)] | | |

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| | | | [Item [removed: 5.](#ib796dee8748c4638b4a4bf5def45c14d_37)] [added: 5.](#id93253b6c6d743009d916199362386a6_37)] | | | [Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#ib796dee8748c4638b4a4bf5def45c14d_37)] [added: Securities](#id93253b6c6d743009d916199362386a6_37)] | | | [removed: [27](#ib796dee8748c4638b4a4bf5def45c14d_37)] [added: [26](#id93253b6c6d743009d916199362386a6_37)] | | |

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| | | | [Item [removed: 7.](#ib796dee8748c4638b4a4bf5def45c14d_43)] [added: 7.](#id93253b6c6d743009d916199362386a6_43)] | | | [Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#ib796dee8748c4638b4a4bf5def45c14d_43)] [added: Operations](#id93253b6c6d743009d916199362386a6_43)] | | | [removed: [29](#ib796dee8748c4638b4a4bf5def45c14d_43)] [added: [28](#id93253b6c6d743009d916199362386a6_43)] | | |

| | | | [Item [removed: 7A.](#ib796dee8748c4638b4a4bf5def45c14d_73)] [added: 7A.](#id93253b6c6d743009d916199362386a6_76)] | | | [Quantitative and Qualitative Disclosures About Market [removed: Risk](#ib796dee8748c4638b4a4bf5def45c14d_73)] [added: Risk](#id93253b6c6d743009d916199362386a6_76)] | | | [removed: [47](#ib796dee8748c4638b4a4bf5def45c14d_73)] [added: [44](#id93253b6c6d743009d916199362386a6_76)] | | |

| | | | [Item [removed: 8.](#ib796dee8748c4638b4a4bf5def45c14d_76)] [added: 8.](#id93253b6c6d743009d916199362386a6_79)] | | | [Financial Statements and Supplementary [removed: Data](#ib796dee8748c4638b4a4bf5def45c14d_76)] [added: Data](#id93253b6c6d743009d916199362386a6_79)] | | | [removed: [49](#ib796dee8748c4638b4a4bf5def45c14d_76)] [added: [46](#id93253b6c6d743009d916199362386a6_79)] | | |

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| | | | [Item [removed: 9A.](#ib796dee8748c4638b4a4bf5def45c14d_169)] [added: 9A.](#id93253b6c6d743009d916199362386a6_172)] | | | [Controls and [removed: Procedures](#ib796dee8748c4638b4a4bf5def45c14d_169)] [added: Procedures](#id93253b6c6d743009d916199362386a6_172)] | | | [removed: [93](#ib796dee8748c4638b4a4bf5def45c14d_169)] [added: [89](#id93253b6c6d743009d916199362386a6_172)] | | |

| | | | [Item [removed: 9B.](#ib796dee8748c4638b4a4bf5def45c14d_172)] [added: 9B.](#id93253b6c6d743009d916199362386a6_175)] | | | [Other [removed: Information](#ib796dee8748c4638b4a4bf5def45c14d_172)] [added: Information](#id93253b6c6d743009d916199362386a6_175)] | | | [removed: [95](#ib796dee8748c4638b4a4bf5def45c14d_172)] [added: [89](#id93253b6c6d743009d916199362386a6_175)] | | |

| | | | [Item [removed: 10.](#ib796dee8748c4638b4a4bf5def45c14d_178)] [added: 10.](#id93253b6c6d743009d916199362386a6_181)] | | | [Directors, Executive Officers and Corporate [removed: Governance](#ib796dee8748c4638b4a4bf5def45c14d_178)] [added: Governance](#id93253b6c6d743009d916199362386a6_181)] | | | [removed: [96](#ib796dee8748c4638b4a4bf5def45c14d_178)] [added: [90](#id93253b6c6d743009d916199362386a6_181)] | | |

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This report contains forward-looking statements that express management's current views concerning expectations, estimates, trends, forecasts and projections about future [removed: events and] [added: events, trends, contingencies,] circumstances, [added: and] industries in which FactSet operates and the beliefs and assumptions of management.

In some cases, you can identify these statements by words such as "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "intends," "projects," "indicates," "predicts," "potential," or "continue," and [added: the negatives of those terms and] similar expressions.

Forward-looking statements are not guarantees of future performance and involve a number of [added: known and unknown] risks, uncertainties and assumptions.

Factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied in forward-looking statements include, among others, the factors discussed under Part I, Item [removed: 1A.*, Risk Factors,* that should be specifically considered.][added: 1A.]

We intend that all forward-looking statements we make will be subject to safe harbor protection of the federal securities laws as found in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of [removed: 1934.][added: 1934, as amended (the "Exchange Act").]

| [PART I](#id93253b6c6d743009d916199362386a6_10) | | | | | | | | | | | |

| [PART II](#id93253b6c6d743009d916199362386a6_34) | | | | | | | | | | | |

| | | | [Item](#id93253b6c6d743009d916199362386a6_1936) [9](#id93253b6c6d743009d916199362386a6_1936)[C.](#id93253b6c6d743009d916199362386a6_1936) | | | [D](#id93253b6c6d743009d916199362386a6_1936)[isclosure Regarding Foreign](#id93253b6c6d743009d916199362386a6_1936) [Jurisdictions](#id93253b6c6d743009d916199362386a6_1936) [](#id93253b6c6d743009d916199362386a6_1936)[That](#id93253b6c6d743009d916199362386a6_1936) [](#id93253b6c6d743009d916199362386a6_1936)[Prevent](#id93253b6c6d743009d916199362386a6_1936) [Inspections](#id93253b6c6d743009d916199362386a6_1936) | | | [89](#id93253b6c6d743009d916199362386a6_1936) | | |

| [PART III](#id93253b6c6d743009d916199362386a6_178) | | | | | | | | | | | |

| [PART IV](#id93253b6c6d743009d916199362386a6_196) | | | | | | | | | | | |

| [SIGNATURES](#id93253b6c6d743009d916199362386a6_214) | | | | | | | | | [95](#id93253b6c6d743009d916199362386a6_214) | | |

*Risk Factors,* that should be specifically considered.

| [PART I](#ib796dee8748c4638b4a4bf5def45c14d_10) | | | | | | | | | | | |

| [PART II](#ib796dee8748c4638b4a4bf5def45c14d_34) | | | | | | | | | | | |

| [PART III](#ib796dee8748c4638b4a4bf5def45c14d_175) | | | | | | | | | | | |

| [PART IV](#ib796dee8748c4638b4a4bf5def45c14d_193) | | | | | | | | | | | |

| [SIGNATURES](#ib796dee8748c4638b4a4bf5def45c14d_211) | | | | | | | | | [100](#ib796dee8748c4638b4a4bf5def45c14d_211) | | |

The information security team also oversees the detection, prevention, mitigation and remediation of [removed: all] cybersecurity incidents.

Our information security team [removed: proactively] monitors emerging cyber threat activity to [removed: proactively] tune and upgrade our cyber [removed: capabilities to maintain a robust security posture.][added: capabilities.]

Our CISO has [removed: a graduate degree] [added: over 30 years of experience working] in [removed: computer engineering] [added: technology] and [removed: has worked in] cybersecurity [removed: for over two decades, including] at [added: financial services companies, including serving as CISO of] a major financial institution.

The information security team is comprised of approximately [removed: 60] [added: 70] employees, with dedicated teams assigned to governance, risk and compliance, identity and access management, strategy and architecture, [added: product security,] and [removed: analytics] [added: cyber incident detection] and [removed: automation.][added: response.]

FactSet's information security program is grounded in a [added: threat-led] risk-based approach.

[removed: All FactSet's employees receive mandatory annual cybersecurity training; software] engineers receive training on secure software development best practices; and other ad hoc training is provided to employees on the latest cyber threat landscape.

FactSet's information security team performs annual [added: adversarial] penetration testing with leading service providers, to mimic motivated threat actors, to assess the internal and external security posture of the Company.

We also have an incident response plan [added: and scenario playbooks] that [removed: provides] [added: provide] procedures for how we can detect, respond to, and recover from potential cybersecurity incidents, which include processes designed to triage, assess severity, escalate, contain, investigate, and remediate any incident, as well as to comply with any applicable legal obligations and mitigate potential brand and reputational damage.

As discussed more fully under [added: Part I,] Item 1A, *Risk Factors* in this Annual Report on Form 10-K, although our processes are designed to help identify, detect, prevent, respond to, and mitigate cybersecurity risks, cybersecurity threats are rapidly evolving and we may not be able to anticipate, prevent, or detect all such attacks and there is no guarantee that a future cybersecurity incident could not materially affect our business strategy, results of operations, or financial condition.

Cybersecurity is an important part of [added: the risk management focus of] our Audit Committee, Board and [removed: ELT’s risk management focus.][added: ELT.]

The [removed: Board coordinates with the] Audit Committee [removed: for active Board- and Committee-level] [added: has primary] oversight of [removed: the Company’s] [added: our] technology and cyber risk profile, cyber strategies and information security initiatives.

At each regular meeting, the Audit Committee receives updates from the [removed: CISO,] [added: CISO] regarding trends, emergent risks to our technology infrastructure, major updates on security assessments and threat landscape, and the steps we are taking to respond to these matters.

We continuously assess the maturity of our program against evolving threats and leading frameworks, and we identify and prioritize areas for enhancement, which we address through a multi-year cybersecurity strategy.

All FactSet's employees receive mandatory annual cybersecurity training; software

These efforts inform our ongoing, multi-year program to mature our cybersecurity posture as the external threat environment evolves.

The full Board is kept informed through regular updates from the Audit Committee Chair and an annual update from the CISO, or as may otherwise be required.

The CISO also provides an annual update to the Board, or as may otherwise be required.

As of August 31, [removed: 2025,] [added: 2026,] we have [removed: 35] [added: 33] offices worldwide, including our corporate headquarters located at 45 Glover Avenue, Norwalk, Connecticut where we occupy 91,718 square feet of office space.

| | | | London, United Kingdom | | |

| | | | Los Angeles, California | | |

| | | | Youngstown, Ohio | | |

| | | | London, England | | |

*Holders* *of Record* – As of October 15, [removed: 2025,] [added: 2026,] we had approximately [removed: 1,896] [added: 1,757] holders of record of our common stock.

*Dividends* - We paid four quarterly dividends during fiscal [removed: 2025.][added: 2026.]

In the third quarter of fiscal [removed: 2025,] [added: 2026,] we increased our quarterly cash dividend from [removed: $1.04 to] $1.10 [added: to $1.16] per share.

Note [removed: 13,] [added: 12,] *Stockholders' Equity*, in the Notes to the Consolidated Financial Statements of this Annual Report on Form 10-K for more information on our dividends.

There were no sales of unregistered equity securities during fiscal [removed: 2025.][added: 2026.]

The following table provides a month-to-month summary of the share repurchase activity during the three months ended August 31, [removed: 2025:][added: 2026:]

(1)Includes [removed: 259,721] [added: 552,064] shares repurchased under the stock repurchase program, as well as [removed: 3,287] [added: 1,977] shares repurchased to satisfy withholding tax obligations due upon the vesting of stock-based awards.

(2)Amount [removed: excludes] [added: does not reflect the impact of] any excise tax imposed on corporate stock repurchases required under the Inflation Reduction Act of 2022.

[removed: On] [added: (3)On] June 17, 2025, our Board of Directors authorized up to $400 million for share repurchases on or after September 1, [removed: 2025 through September 30, 2026.][added: 2025.]

The annual changes for the five-year period shown in the graph below assume $100 had been invested in our common stock, the S&P 500 Index, the Dow Jones U.S. Financial Services Index and the S&P 500 Financial Exchange and Data Index on August 31, [removed: 2020.][added: 2021.]

The total cumulative dollar returns shown on the graph represent the value that such investments would have had on August 31, [removed: 2025.][added: 2026.]

[removed: ][added: ]

| June 2026 | | | 272,927 | | | | | | $ | 237.60 | | | | | 272,927 | | | | | | $ | 429,152 | |

| July 2026 | | | 196,850 | | | | | | $ | 252.12 | | | | | 196,850 | | | | | | $ | 379,521 | |

| August 2026 | | | 84,264 | | | | | | $ | 284.85 | | | | | 82,287 | | | | | | $ | 356,039 | |

| | | | 554,041 | | | | | | | | | | | | 552,064 | | | | | | | | |

On December 16, 2025, our Board of Directors approved an additional $600 million in share repurchase authority, which was available immediately with no expiration date.

The additional authorization also removed the expiration date from the June 17, 2025 authorization.

As of August 31, 2026, we had $356.0 million that remained authorized under our share repurchase program.

| June 2025 | | | 65,097 | | | | | | $ | 432.58 | | | | | 64,775 | | | | | | $ | 79,126 | |

| July 2025 | | | 80,850 | | | | | | $ | 433.81 | | | | | 80,850 | | | | | | $ | 44,052 | |

| August 2025 | | | 117,061 | | | | | | $ | 381.76 | | | | | 114,096 | | | | | | $ | 523 | |

| | | | 263,008 | | | | | | | | | | | | 259,721 | | | | | | | | |

(3)We had $0.5 million that remained authorized under our share repurchase program as of August 31, 2025, all of which expired upon the conclusion of fiscal 2025 and were not available for share repurchases after that date.

| | | | | | | | | | | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| | | | 2020 | | | 2021 | | | 2022 | | | 2023 | | | 2024 | | | 2025 | | |

| FactSet Research Systems Inc. | | | $ | 100 | | $ | 109 | | $ | 124 | | $ | 125 | | $ | 121 | | $ | 107 | |

| S&P 500 Index | | | $ | 100 | | $ | 129 | | $ | 113 | | $ | 129 | | $ | 161 | | $ | 185 | |

| Dow Jones U.S. Financial Services Index | | | $ | 100 | | $ | 149 | | $ | 122 | | $ | 126 | | $ | 168 | | $ | 209 | |

| S&P 500 Financial Exchanges and Data Index | | | $ | 100 | | $ | 124 | | $ | 102 | | $ | 113 | | $ | 142 | | $ | 157 | |

| [Management’s Statement of Responsibility for Financial [removed: Statements](#ib796dee8748c4638b4a4bf5def45c14d_79)] [added: Statements](#id93253b6c6d743009d916199362386a6_82)] | | | [removed: [50](#ib796dee8748c4638b4a4bf5def45c14d_79)] [added: [47](#id93253b6c6d743009d916199362386a6_82)] | | |

| [Management’s Report on Internal Control Over Financial [removed: Reporting](#ib796dee8748c4638b4a4bf5def45c14d_82)] [added: Reporting](#id93253b6c6d743009d916199362386a6_85)] | | | [removed: [50](#ib796dee8748c4638b4a4bf5def45c14d_82)] [added: [47](#id93253b6c6d743009d916199362386a6_85)] | | |

| [Reports of Independent Registered Public Accounting Firm Reports of Independent Registered Public Accounting Firm (PCAOB [removed: ID:](#ib796dee8748c4638b4a4bf5def45c14d_85) 42[)](#ib796dee8748c4638b4a4bf5def45c14d_85)] [added: ID:](#id93253b6c6d743009d916199362386a6_88) 42[)](#id93253b6c6d743009d916199362386a6_88)] | | | [removed: [52](#ib796dee8748c4638b4a4bf5def45c14d_85)] [added: [48](#id93253b6c6d743009d916199362386a6_88)] | | |

| [Consolidated Statements of Income for the years [removed: ended](#ib796dee8748c4638b4a4bf5def45c14d_88)] [added: ended](#id93253b6c6d743009d916199362386a6_91)] August 31, [removed: 2025,] [added: 2026, 2025 [and](#id93253b6c6d743009d916199362386a6_91)] 2024 [removed: [and](#ib796dee8748c4638b4a4bf5def45c14d_88) 2023] | | | [removed: [56](#ib796dee8748c4638b4a4bf5def45c14d_88)] [added: [51](#id93253b6c6d743009d916199362386a6_91)] | | |

| [Consolidated Statements of Comprehensive Income for the years ended August [removed: 31,](#ib796dee8748c4638b4a4bf5def45c14d_91) 2025,] [added: 31,](#id93253b6c6d743009d916199362386a6_94) 2026, 2025 [and](#id93253b6c6d743009d916199362386a6_94)] 2024 [removed: [and](#ib796dee8748c4638b4a4bf5def45c14d_91) 2023] | | | [removed: [57](#ib796dee8748c4638b4a4bf5def45c14d_91)] [added: [52](#id93253b6c6d743009d916199362386a6_94)] | | |

| [Consolidated Balance Sheets at August [removed: 31,](#ib796dee8748c4638b4a4bf5def45c14d_94)] [added: 31,](#id93253b6c6d743009d916199362386a6_97) 2026 [and](#id93253b6c6d743009d916199362386a6_97)] 2025 [removed: [and](#ib796dee8748c4638b4a4bf5def45c14d_94) 2024] | | | [removed: [58](#ib796dee8748c4638b4a4bf5def45c14d_94)] [added: [53](#id93253b6c6d743009d916199362386a6_97)] | | |

| [Consolidated Statements of Cash Flows for the years ended August [removed: 3](#ib796dee8748c4638b4a4bf5def45c14d_97)[1,](#ib796dee8748c4638b4a4bf5def45c14d_97) 2025,] [added: 31,](#id93253b6c6d743009d916199362386a6_100) 2026, 2025 [and](#id93253b6c6d743009d916199362386a6_100)] 2024 [removed: [and](#ib796dee8748c4638b4a4bf5def45c14d_97) 2023] | | | [removed: [59](#ib796dee8748c4638b4a4bf5def45c14d_97)] [added: [54](#id93253b6c6d743009d916199362386a6_100)] | | |

| [Consolidated Statements of Changes in Stockholders’ Equity for the years ended August [removed: 31,](#ib796dee8748c4638b4a4bf5def45c14d_100) 2025,] [added: 31,](#id93253b6c6d743009d916199362386a6_103) 2026, 2025 [and](#id93253b6c6d743009d916199362386a6_103)] 2024 [removed: [and](#ib796dee8748c4638b4a4bf5def45c14d_100) 2023] | | | [removed: [61](#ib796dee8748c4638b4a4bf5def45c14d_100)] [added: [56](#id93253b6c6d743009d916199362386a6_103)] | | |

| [Notes to the Consolidated Financial [removed: Statements](#ib796dee8748c4638b4a4bf5def45c14d_103)] [added: Statements](#id93253b6c6d743009d916199362386a6_106)] | | | [removed: [62](#ib796dee8748c4638b4a4bf5def45c14d_103)] [added: [57](#id93253b6c6d743009d916199362386a6_106)] | | |

| [Schedule II – Valuation and Qualifying [removed: Accounts](#ib796dee8748c4638b4a4bf5def45c14d_202)] [added: Accounts](#id93253b6c6d743009d916199362386a6_205)] | | | [removed: [97](#ib796dee8748c4638b4a4bf5def45c14d_202)] [added: [91](#id93253b6c6d743009d916199362386a6_205)] | | |

In compliance with the Sarbanes-Oxley Act of 2002, we assessed our internal control over financial reporting as of August 31, [removed: 2025] [added: 2026] and issued a report (see below).

[removed: For fiscal 2025, our] [added: Our] management [removed: (with the participation of the Chief] [added: (including our Principal] Executive Officer and [removed: Chief] [added: Principal] Financial Officer) conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

Based on this evaluation, our management concluded that our internal control over financial reporting was [removed: not] effective as of August 31, [removed: 2025, as a result of the material weakness in internal control over financial reporting described further below, which represents a continuation of a sub-set of the control deficiencies which gave rise to the initial material weakness previously identified.][added: 2026.]

Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with [removed: GAAP.][added: generally accepted accounting principles.]

[removed: As a result of the identification of the material weakness, we performed further analysis and completed additional procedures intended to ensure] [added: In] our [added: opinion, the] consolidated financial statements [removed: for the years ended August 31, 2025, 2024, and 2023 fairly] present [added: fairly,] in all material [removed: respects] [added: respects,] the financial [removed: condition,] [added: position of the Company at August 31, 2026 and 2025, and the] results of [added: its] operations and [added: its] cash flows [added: for each] of the [removed: Company and have been prepared] [added: three years] in [removed: accordance] [added: the period ended August 31, 2026, in conformity] with [removed: GAAP.][added: U.S. generally accepted accounting principles.]

Ernst & Young LLP [removed: (PCAOB ID:] [added: (PCAOBID:] 42), an independent registered public accounting firm, has audited the effectiveness of our internal control over financial reporting and has issued [removed: an adverse opinion] [added: a report] on [removed: the effectiveness of] our internal control over financial [removed: reporting as stated] [added: reporting, which is included] in their report on the subsequent page.

We have audited the accompanying consolidated balance sheets of FactSet Research Systems Inc. (the Company) as of August 31, [removed: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] the related consolidated statements of income, comprehensive income, changes in stockholders’ equity and cash flows for each of the three years in the period ended August 31, [removed: 2025,] [added: 2026,] and the related notes and financial statement schedule listed in the Index at Item 15(a) (collectively referred to as the “consolidated financial statements”).

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of August 31, [removed: 2025] [added: 2026] based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework), and our report dated October [removed: 22, 2025] [added: 20, 2026] expressed an [removed: adverse] [added: unqualified] opinion thereon.

Critical Audit [removed: Matters][added: Matter]

The critical audit [removed: matters] [added: matter] communicated below [removed: are matters] [added: is a matter] arising from the current period audit of the financial statements that [removed: were] [added: was] communicated or required to be communicated to the audit committee and that: (1) [removed: relate] [added: relates] to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective or complex judgments.

The communication of [added: the] critical audit [removed: matters] [added: matter] does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit [removed: matters] [added: matter] below, providing [added: a] separate [removed: opinions] [added: opinion] on the critical audit [removed: matters] [added: matter] or on the accounts or disclosures to which [removed: they relate.][added: it relates.]

| Description of the Matter | | | As discussed in Note 2, *Summary of Significant Accounting Policies,* and Note [removed: 9,] [added: 8,] *Income Taxes,* of the Consolidated Financial Statements, the Company serves international markets and is subject to income taxes in the U.S. and various foreign jurisdictions, which affect the Company’s provision for income taxes. The income tax provision is an estimate based on management’s understanding of current enacted tax laws and tax rates of each tax jurisdiction and the use of subjective allocation methodologies to allocate taxable income to tax jurisdictions based upon the structure of the Company’s operations and customer arrangements. For the year-ended August 31, [removed: 2025] [added: 2026] the Company recognized a consolidated provision for income taxes of [removed: $123.9] [added: $116.2] million with [removed: $45.6] [added: $52.7] million related to its U.S. operations and [removed: $78.3] [added: $63.5] million related to its Non-U.S. operations. | | |

| | | | Auditing management’s calculation of the provision for income taxes required complex audit judgement as the Company’s calculation of the provision for income taxes involved subjective estimation and evaluation of the application of tax laws, including the methods used to allocate taxable [removed: income and judgments used in determining uncertain tax positions.] [added: income.] | | |

| | | | Among other audit procedures performed, we evaluated the reasonableness of management’s allocation methodologies based on the Company’s structure, operations and current tax laws, recalculated income tax expense using management’s methodologies and agreed the data used in the calculations to the Company’s underlying books and records. We involved our tax professionals to evaluate the application of tax laws to management’s allocation methodologies and tax position, including the evaluation of third-party reports and advice obtained by the Company. We also performed a sensitivity analysis to assess the effect of changes in management’s allocation methodologies and assumptions. We have evaluated the Company’s income tax disclosures included in Note [removed: 9,] [added: 8,] *Income Taxes*, of the Consolidated Financial Statements in relation to these matters. | | |

We have audited FactSet Research Systems Inc.’s internal control over financial reporting as of August 31, [removed: 2025,] [added: 2026,] based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework) (the COSO criteria).

In our opinion, [removed: because of the effect of the material weakness described below on the achievement of the objectives of the control criteria,] FactSet Research Systems Inc. (the Company) [removed: has not maintained] [added: maintained, in all material respects,] effective internal control over financial reporting as of August 31, [removed: 2025,] [added: 2026,] based on the COSO criteria.

We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of August 31, [removed: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] the related consolidated statements of income, comprehensive income, changes in stockholders’ equity and cash flows for each of the three years in the period ended August 31, [removed: 2025,] [added: 2026,] and the related notes and financial statement schedule listed in the Index at Item [removed: 15(a).][added: 15(a) and our report dated October 20, 2026, expressed an unqualified opinion thereon.]

| [removed: 2025] [added: 2026] | | | [removed: 2024] [added: 2025] | | | [removed: 2023] [added: 2024] | | | | | |

| Revenues | | | $ | [removed: 2,321,748] [added: 2,476,256] | | $ | [removed: 2,203,056] [added: 2,321,748] | | $ | [removed: 2,085,508] [added: 2,203,056] | |

| Cost of services | | | [removed: 1,097,782] [added: 1,223,146] | | | [removed: 1,011,945] [added: 1,097,782] | | | [removed: 973,225] [added: 1,011,945] | | |

| Selling, general and administrative | | | [removed: 475,663] [added: 553,153] | | | [removed: 489,812] [added: 475,663] | | | [removed: 483,076] [added: 489,812] | | |

| Total operating expenses | | | [removed: 1,573,445] [added: 1,776,299] | | | [removed: 1,501,757] [added: 1,573,445] | | | [removed: 1,456,301] [added: 1,501,757] | | |

| Operating income | | | [removed: 748,303] [added: 699,957] | | | [removed: 701,299] [added: 748,303] | | | [removed: 629,207] [added: 701,299] | | |

| Interest income | | | [removed: 6,533] [added: 4,064] | | | [removed: 14,447] [added: 6,533] | | | [removed: 12,809] [added: 14,447] | | |

| Interest expense | | | [removed: (56,324)] [added: (54,684)] | | | [removed: (65,778)] [added: (56,324)] | | | [removed: (66,319)] [added: (65,778)] | | |

| Other income (expense), net | | | [removed: 22,446] [added: 379] | | | [removed: 1,535] [added: 22,446] | | | [removed: 8,257] [added: 1,535] | | |

| Total other income (expense), net | | | [removed: (27,345)] [added: (50,241)] | | | [removed: (49,796)] [added: (27,345)] | | | [removed: (45,253)] [added: (49,796)] | | |

| Income before income taxes | | | [removed: 720,958] [added: 649,716] | | | [removed: 651,503] [added: 720,958] | | | [removed: 583,954] [added: 651,503] | | |

| Provision for income taxes | | | [removed: 123,918] [added: 116,235] | | | [removed: 114,377] [added: 123,918] | | | [removed: 115,781] [added: 114,377] | | |

| Net income | | | $ | [removed: 597,040] [added: 533,481] | | $ | [removed: 537,126] [added: 597,040] | | $ | [removed: 468,173] [added: 537,126] | |

October 20, 2026

| Changes in post-employment benefit obligations(2) | | | (5,748) | | | — | | | — | | |

(2) Presented net of a tax benefit of $1,844 thousand for the year ended August 31, 2026 related to the labor codes reform implemented by the Government of India effective November 21, 2025.

| 2026 | | | 2025 | | | | | |

| Current debt | | | 499,436 | | | — | | |

| Other liabilities | | | 3,149 | | | 11,192 | | |

| Deferred acquisition consideration | | | (15,327) | | | | | | (10,199) | | | | | | — | | |

| Net income | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 533,481 | | | | | | — | | | | | | 533,481 | | |

| Common stock issued for employee stock plans | | | 173,746 | | | | | | 2 | | | | | | 33,287 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 33,289 | | |

| Vesting of restricted stock | | | 72,399 | | | | | | 1 | | | | | | (1) | | | | | | 26,347 | | | | | | (6,936) | | | | | | — | | | | | | — | | | | | | (6,936) | | |

| Repurchases of common stock | | | — | | | | | | — | | | | | | — | | | | | | 2,608,284 | | | | | | (643,961) | | | | | | — | | | | | | — | | | | | | (643,961) | | |

| Dividends declared | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (163,675) | | | | | | — | | | | | | (163,675) | | |

| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Balance as of August 31, 2026 | | | 43,259,411 | | | | | | $ | 433 | | | | | $ | 1,739,138 | | | | | 8,002,027 | | | | | | $ | (2,352,463) | | | | | $ | 2,693,213 | | | | | $ | (78,455) | | | | | $ | 2,001,866 | |

August 31, 2026

| [Note 5](#id93253b6c6d743009d916199362386a6_127) | | | [Acquisitions](#id93253b6c6d743009d916199362386a6_127) | | | [67](#id93253b6c6d743009d916199362386a6_127) | | |

| [Note 6](#id93253b6c6d743009d916199362386a6_133) | | | [Goodwill](#id93253b6c6d743009d916199362386a6_133) | | | [69](#id93253b6c6d743009d916199362386a6_133) | | |

| [Note 9](#id93253b6c6d743009d916199362386a6_142) | | | [Leases](#id93253b6c6d743009d916199362386a6_142) | | | [75](#id93253b6c6d743009d916199362386a6_142) | | |

| [Note 1](#id93253b6c6d743009d916199362386a6_145)[0](#id93253b6c6d743009d916199362386a6_145) | | | [Debt](#id93253b6c6d743009d916199362386a6_145) | | | [77](#id93253b6c6d743009d916199362386a6_145) | | |

Our banking solutions facilitate company and market research, enabling clients to perform fundamental analysis, generate ideas, and build and distribute presentations through proprietary and third-party databases with global coverage of public and private markets, granular industry metrics, and deep historical data.

Our wealth solutions support home office, advisory, and client engagement workflows, providing financial advisors with tools to monitor markets and their book of business, prospect for new clients, and generate proposals, while enhancing existing client relationships and improving firm-wide efficiency across the investment portfolio lifecycle.

Within each segment, we offer a range of products, data, managed services, and analytical applications which can be tailored to a wide range of workflows.

Deferred revenues, non-current were included within Other liabilities in the Consolidated Balance Sheets in the current year presentation.

We record revenues net of sales taxes, which are subsequently remitted to taxing authorities and are excluded from the transaction price.

Our stock-based compensation expense consists of: (i) stock options, (ii) stock options with performance conditions ("PSOs") issued to our Chief Executive Officer ("CEO"), (iii) restricted share units ("RSUs"), (iv) performance share units ("PSUs"), and (v) common stock purchased by eligible employees under our employee stock purchase plan ("ESPP").

We use a lattice-based option-pricing model ("lattice model") to estimate the grant date fair value for our employee stock options.

For our CEO PSOs, grant date fair value was estimated using a Monte Carlo simulation ("Monte Carlo model").

The lattice model, Black-Scholes model, and Monte Carlo model each require certain estimates and assumptions, including the risk-free interest rate, expected volatility, and dividend yield.

The Black-Scholes and Monte Carlo models incorporate an assumed expected life of the award, while the lattice model derives the expected life as an output incorporating assumptions such as vesting restrictions and expected exercise patterns based on the intrinsic value of the options.

The primary assumptions and their definitions are as follows:

Goodwill is deemed to be impaired and written-down in the

We account for the lease and non-lease components as a

We collect and aggregate third-party content from data suppliers, news sources, exchanges, brokers and contributors into our own dedicated managed databases, which our clients access through our flexible delivery platforms.

We are not dependent on any individual third-party content supplier to meet the needs of our clients.

Refer to Note 8, *Income Taxes*, for further information.

*Goodwill and Other - Internal-Use Software*

In September 2025, the FASB issued Accounting Standards Update ("ASU") 2025-06, *Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) - Targeted Improvements to the Accounting for Internal-Use Software*.

This ASU removes all references to prescriptive and sequential software development stages, and requires entities to start capitalizing eligible software costs when management has authorized and committed to funding the software project and it is probable that the project will be completed and the software will be used to perform the function intended.

Early adoption is permitted at the beginning of an annual period.

On May 29, 2026, the SEC proposed to rescind the rule.

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Management’s Report on Internal Control Over Financial Reporting

As previously reported in the Company’s Annual Report on Form 10-K for the fiscal year ended August 31, 2024, we had identified a material weakness in the design and operation of information technology (“IT”) general controls that support our revenues, accounts receivable, and deferred revenues processes which, in the aggregate, gave rise to a material weakness in internal control over financial reporting, which we are in the process of remediating.

However, giving full consideration to the material weakness, the control deficiencies did not result in any identified misstatements, and the Company's management has concluded that our Consolidated Financial Statements present fairly, in all material respects, our financial position, results of operations and cash flows for the periods disclosed in conformity with GAAP.

In accordance with the guidance issued by the Securities and Exchange Commission, companies are permitted to exclude acquisitions from their first assessment of internal control over financial reporting following the date of acquisition.

Based on those guidelines, our management's assessment of the effectiveness of our internal control over financial reporting excluded Platform Group Limited ("Irwin") and Liquid Holdings, LLC ("LiquidityBook"), which we acquired in the first quarter and second quarter of fiscal 2025, respectively.

Excluding goodwill and intangible assets, these acquisitions represented a combined 2% of our Total assets as of August 31, 2025 and 1% of our consolidated Revenues for fiscal year 2025.

Refer to Note 5, *Acquisitions*, for additional information on these acquisitions.

Inherent Limitations of Internal Controls over Financial Reporting

While we have made significant progress remediating the control deficiencies identified during our year ended August 31, 2024, we continue to have certain deficiencies related to the IT general controls that support our revenues, accounts receivable, and deferred revenues processes which, in the aggregate, rise to a material weakness in internal control over financial reporting.

The deficiencies related to program change management and user access in connection with segregation of duties and restriction to appropriate users.

As a result, the automated controls and IT dependent manual business process controls that rely upon information from the affected financial applications were also deemed not effective.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company’s annual or interim financial statements will not be prevented or detected on a timely basis.

While we have concluded that these control deficiencies did not result in any material misstatements in our Consolidated Financial Statements or disclosures in any of the fiscal years ended August 31, 2025, 2024 or 2023, they were not remediated as of August 31, 2025, and thus created a reasonable possibility that they could result in a material misstatement to the Consolidated Financial Statements that would not be prevented or detected on a timely basis.

Accordingly, we determined that these control deficiencies constituted a material weakness.

Based on these procedures and analysis, and notwithstanding the material weakness in our internal control over financial reporting, our management has concluded that our Consolidated Financial Statements present fairly, in all material respects, our financial position, results of operations and cash flows for the periods disclosed in conformity with GAAP.

In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company at August 31, 2025 and 2024, and the results of its operations and its cash flows for each of the three years in the period ended August 31, 2025, in conformity with U.S. generally accepted accounting principles.

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| | | | Valuation of Acquired Software Technology | | |

| Description of the Matter | | | As disclosed in Note 5, *Acquisitions*, of the Consolidated Financial Statements, the Company completed its acquisition of Liquid Holdings, LLC for total consideration of $243.2 million and Platform Group Limited for total consideration of $120.2 million in 2025. The transactions were accounted for as business combinations. The considerations paid in the acquisitions were allocated to the acquired assets and liabilities assumed generally based on their fair values, with the excess of the purchase prices over those fair values allocated to goodwill. The acquired software technologies totaled $101.7 million combined. | | |

| | | | Auditing the valuation of the Company’s business combinations was especially challenging and complex due to the significant assumptions and measurement uncertainty involved in determining the fair value of the acquired assets and liabilities assumed, specifically related to the Company’s determination of the fair values of acquired software technologies. In particular, the fair value estimates were sensitive to changes in significant underlying assumptions such as the projected revenue growth rate. This significant assumption included forward-looking considerations and was based on expectations of future economic and market conditions. | | |

| How We Addressed the Matter in Our Audit | | | We obtained an understanding, evaluated the design, and tested the operating effectiveness of internal controls over the Company’s accounting for acquisitions and the related fair value estimation process. Specifically, we tested controls over management’s review of the valuation of the acquired software technologies, including management’s review of the valuation models applied and the significant assumptions described above. We also tested management’s internal controls to develop the projected financial information used in the valuation models and validated that the data used in the valuation models was complete and accurate. | | |

| | | | To test the estimated fair value of the acquired software technologies, we performed audit procedures that included, among others, evaluating the Company’s valuation methodology and significant assumptions used by management, testing the completeness and accuracy of the underlying data supporting the significant assumptions described above, and performing sensitivity analyses of significant assumptions to evaluate the changes in the fair values of the acquired software technologies. We involved our valuation specialists to assist with our evaluation of the Company’s valuation methodology and significant assumptions used in the fair value estimates. | | |

October 22, 2025

As indicated in the accompanying Management’s Report on Internal Control over Financial Reporting, management’s assessment of and conclusion on the effectiveness of internal control over financial reporting did not include the internal controls of Liquid Holdings, LLC and Platform Group Limited, which are included in the 2025 consolidated financial statements of the Company and which in aggregate, when excluding goodwill and intangible assets, constituted 2% of total assets as of August 31, 2025 and 1% of total revenues for the year then ended.

Our audit of internal control over financial reporting of the Company also did not include an evaluation of the internal control over financial reporting of Liquid Holdings, LLC and Platform Group Limited.

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

The following material weakness has been identified and included in management’s assessment.

Management has identified a material weakness related to the design and operation of information technology (“IT”) general controls for certain financial applications that support the revenue, accounts receivable, and deferred revenue processes.

Consequently, automated controls and IT dependent manual business process controls that rely upon information from the affected financial applications were also deemed ineffective.

This material weakness was considered in determining the nature, timing and extent of audit tests applied in our audit of the 2025 consolidated financial statements, and this report does not affect our report dated October 22, 2025, which expressed an unqualified opinion thereon.

October 22, 2025

| | | | | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

| Current debt | | | — | | | 124,842 | | |

| Deferred revenues, non-current | | | 624 | | | 1,344 | | |

Our management, including our Principal Executive Officer and Principal Financial Officer, [removed: have] [added: has] evaluated the effectiveness of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, [added: as amended (the "Exchange Act") as of the end of the annual period covered by this report.]

[removed: Continuation] [added: Remediation] of Previously Reported Material Weakness

[removed: “Controls and Procedures” of] [added: As first reported in] our Annual Report on Form 10-K for the fiscal year ended August 31, 2024, we [removed: had] identified [removed: a material weakness] [added: deficiencies] in the design and operation of IT general controls that support our revenues, accounts receivable, and deferred revenues processes which, in the aggregate, gave rise to a material weakness in internal control over financial reporting.

- [removed: Strengthening the control environment by implementing] [added: Implementing] controls that increase the frequency and effectiveness of user [added: access] management and change management, including improved logging and segregation of duties capabilities.

- [removed: Enhancing the precision] [added: Formalizing standard operating procedures] and documentation [removed: of the] [added: for] change monitoring and segregation of duties review controls [removed: through additional] [added: and] training [added: relevant personnel on the design] and [removed: formalized standard operating procedures.][added: operation of our IT general controls.]

- Performing additional testing of [removed: the change monitoring and segregation of duties review] [added: IT general] controls to demonstrate the sustainability and repeatability of control operating effectiveness.

Other than [added: completion of] the [removed: ongoing] remediation [removed: plans] [added: measures] described above, there were no changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth quarter of fiscal [removed: 2025] [added: 2026] that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Based on that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that, as of August 31, 2026, our disclosure controls and procedures were effective.

Management, with the oversight of the Audit Committee of our Board of Directors, executed a remediation plan, which included:

- Hiring additional IT compliance personnel and Chief Audit Executive.

During the year ended August 31, 2026, management completed our testing of these remediation measures.

The enhanced controls operated for a sufficient period of time, and management completed testing of their design and operating effectiveness in the fourth quarter.

Based on the results of this testing, management concluded that the material weakness was remediated as of August 31, 2026.

as amended (the "Exchange Act"), as of the end of the annual period covered by this report.

In accordance with the guidance issued by the Securities and Exchange Commission, companies are permitted to exclude acquisitions from their first assessment of internal control over financial reporting following the date of acquisition.

Excluding goodwill and intangible assets, Irwin and LiquidityBook represented a combined 2% of our Total assets as of August 31, 2025 and 1% of our consolidated Revenues for fiscal year 2025.

Our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of the end of the annual period covered by this report due to a material weakness in internal control over financial reporting.

This conclusion is due to a material weakness identified in the operation of certain key IT general controls.

The material weakness is described below and represents a continuation of a sub-set of the control deficiencies which gave rise to the initial material weakness identified in management’s evaluation of our control environment as of August 31, 2024.

As reported in Part II, Item 9A.

While we have made significant progress remediating those control deficiencies, there remains certain deficiencies related to program change management and monitoring and user access in connection with segregation of duties and restrictions to appropriate users.

As a result, the automated controls and IT dependent manual business process controls that rely upon information from the affected financial applications were deemed not effective.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company’s annual or interim financial statements will not be prevented or detected on a timely basis.

As a result of the identification of the material weakness, we performed further analysis and completed additional procedures intended to ensure our consolidated financial statements for the years ended August 31, 2025, 2024, and 2023 fairly present in all material respects the financial condition, results of operations and cash flows of the Company and have been prepared in accordance GAAP.

Based on these procedures and analysis, after giving full consideration to the material weakness, our management has concluded that our Consolidated Financial Statements present fairly, in all material respects, our financial position, results of operations and cash flows for the periods disclosed in conformity with GAAP.

Remediation Efforts

During fiscal 2025, management made significant progress in enhancing the Company’s IT general controls to remediate the IT general control material weakness, however this effort remains ongoing.

With the oversight of the Audit Committee of our Board of Directors, we have implemented remediation efforts to address the material weakness and enhance our IT general controls that support our revenues, accounts receivable, and deferred revenues processes.

Our remediation efforts included:

- Engaging a leading third-party accounting advisory firm, with appropriate internal control expertise and experience, to help evaluate the design of our controls as well as to assist with the documentation, remediation, and related controls testing.

- Management also worked with the accounting advisory firm to revise the Company’s IT Risk and Control Matrix and to re-design certain controls around manage change and manage access to address the design deficiencies from the prior year.

- Hired additional key IT compliance personnel and a global head of internal audit.

- Trained relevant personnel on the design and operation of our IT general controls over financial reporting.

While these efforts have resulted in significant progress toward remediating the material weakness, certain deficiencies remain, which management is committed to remediating.

Our remediation plans include:

- Continuing to utilize an expert third-party accounting advisory firm to evaluate the design of our controls as well as to assist with the documentation, remediation and associated testing.

Additional or modified measures may also be required to remediate the material weakness.

We will not be able to conclude that we have completely remediated the material weakness until the applicable controls are fully implemented and have operated for a sufficient period of time and management has concluded, through formal testing, that the remediated controls are operating effectively.

We expect to complete these remediation measures as early as practicable in fiscal 2026.

We will continue to monitor the design and effectiveness of these and other processes, procedures, and controls and make any further changes management deems appropriate.

We regularly report to the Audit Committee on our progress and will continue to do so in fiscal 2026.

Inherent Limitations of Internal Controls over Financial Reporting

No system of controls, no matter how well designed and operated, can provide absolute assurance that the objectives of the system of controls will be met, and no evaluation of controls can provide absolute assurance that all control deficiencies or material weaknesses have been or will be detected.

There is no assurance that our remediation efforts will be fully effective.

If these remediation efforts do not prove effective and control deficiencies and material weaknesses persist or occur in the future, the accuracy and timing of our financial reporting may be adversely affected.

None of our directors or officers (as defined in Section 16 of the [removed: Securities] Exchange [removed: Act of 1934, as amended),] [added: Act),] adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (each as defined in Item 408(a) and (c) of Regulation S-K) during the quarter ended August 31, [removed: 2025.][added: 2026.]

Part III

None.

Part III

The information required to be furnished by this Item 10 is incorporated herein by reference to our Notice of Annual Meeting of Stockholders and Proxy Statement to be filed within 120 days of August 31, [removed: 2025] [added: 2026] (the "Proxy Statement").

[removed: Equity] [added: Equity] Compensation Plan [removed: Information][added: Information]

The following table summarizes, as of August 31, [removed: 2025,] [added: 2026,] the number of outstanding equity awards granted to employees and non-employee directors, as well as the number of equity awards remaining available for future issuance, under our equity compensation [removed: plans:][added: plan:]

(1)Includes [removed: 1,685,011] [added: 1,617,397] shares issuable upon exercise of outstanding [added: stock] options, [removed: 201,226] [added: 297,902] shares issuable upon [added: the conversion of outstanding performance stock options, 384,931 shares issuable upon] vesting of outstanding RSUs and [removed: 91,490] [added: 123,650] shares issuable upon the conversion of outstanding PSUs.

(2)Weighted average exercise price of outstanding [added: stock] options [added: and PSOs] only.

(3)In accordance with the [removed: LTIP and Director] [added: Omnibus] Plan, each Restricted Stock Award granted or canceled/forfeited is equivalent to 2.5 shares deducted from or added back to, respectively, the aggregate number of stock-based awards available for grant.

| Equity compensation plans approved by security holders | | | 2,423,880 | | | (1) | | | $ | 340.43 | | (2) | | | 4,222,373 | | | | | |

| Total | | | 2,423,880 | | | (1) | | | $ | 340.43 | | (2) | | | 4,222,373 | | | | | |

| Equity compensation plans approved by security holders | | | 1,977,727 | | | (1) | | | $ | 347.50 | | (2) | | | 3,492,745 | | | (4) | | |

| Total | | | 1,977,727 | | | (1) | | | $ | 347.50 | | (2) | | | 3,492,745 | | | (4) | | |

(4)Includes 3,294,837 shares available for future issuance under the LTIP and 197,908 shares available for future issuance under the Director Plan.

| Exhibit Number | | | Exhibit Description | | | | | | Form | | | | | | File No. | | | | | | Exhibit [removed: No.] [added: Number] | | | | | | Filing Date | | | | | | Filed Herewith | | |

| [removed: [3.1](https://www.sec.gov/Archives/edgar/data/1013237/000101323723000009/factsetsecondamendedandres.htm)] [added: [3.1](https://www.sec.gov/Archives/edgar/data/1013237/000162828025058577/factsetresearchsystemsinct.htm)] | | | [FactSet Research Systems [removed: Inc. Second Amended] [added: Inc.](https://www.sec.gov/Archives/edgar/data/1013237/000162828025058577/factsetresearchsystemsinct.htm) [Third](https://www.sec.gov/Archives/edgar/data/1013237/000162828025058577/factsetresearchsystemsinct.htm) [Amended] and [removed: Restated Articles of Incorporation](https://www.sec.gov/Archives/edgar/data/1013237/000101323723000009/factsetsecondamendedandres.htm)] [added: Restated](https://www.sec.gov/Archives/edgar/data/1013237/000162828025058577/factsetresearchsystemsinct.htm) [Certificate](https://www.sec.gov/Archives/edgar/data/1013237/000162828025058577/factsetresearchsystemsinct.htm) [of Incorporation](https://www.sec.gov/Archives/edgar/data/1013237/000162828025058577/factsetresearchsystemsinct.htm)] | | | | | | 8-K | | | | | | 001-11869 | | | | | | 3.1 | | | | | | [removed: 1/10/2023] [added: 12/22/2025] | | | | | | | | |

| [removed: [3.2](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000084/a20250915factset-amendedan.htm)] [added: [3.2](https://www.sec.gov/Archives/edgar/data/1013237/000162828026063888/amendedandrestatedby-laws.htm)] | | | [FactSet Research Systems Inc. Amended and Restated [removed: By-Laws](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000084/a20250915factset-amendedan.htm)] [added: By-Laws](https://www.sec.gov/Archives/edgar/data/1013237/000162828026063888/amendedandrestatedby-laws.htm)] | | | | | | 8-K | | | | | | 001-11869 | | | | | | [removed: 3.2] [added: 3.1] | | | | | | [removed: 9/18/2025] [added: 9/30/2026] | | | | | | | | |

| [removed: [10.6](https://www.sec.gov/Archives/edgar/data/1013237/000143774918006528/ex_109818.htm)] [added: [1](https://www.sec.gov/Archives/edgar/data/1013237/000162828026046549/a101employmentagreement-jo.htm)[0.1](https://www.sec.gov/Archives/edgar/data/1013237/000162828026046549/a101employmentagreement-jo.htm)[8](https://www.sec.gov/Archives/edgar/data/1013237/000162828026046549/a101employmentagreement-jo.htm)] | | | [removed: [Lease,] [added: [Employment Agreement] dated [removed: February 14, 2018,] [added: April 2, 2026] between FactSet Research Systems Inc. and [removed: 45 Glover Partners, LLC](https://www.sec.gov/Archives/edgar/data/1013237/000143774918006528/ex_109818.htm)[(2)](https://www.sec.gov/Archives/edgar/data/1013237/000143774918006528/ex_109818.htm)] [added: Joshua Warren](https://www.sec.gov/Archives/edgar/data/1013237/000162828026046549/a101employmentagreement-jo.htm)(1)] | | | | | | 10-Q | | | | | | 001-11869 | | | | | | 10.1 | | | | | | [removed: 4/9/2018] [added: 7/1/2026] | | | | | | | | |

| [removed: [10.7](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000084/factsetresearchsystemsince.htm)] [added: [10](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000084/factsetresearchsystemsince.htm)[.1](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000084/factsetresearchsystemsince.htm)[0](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000084/factsetresearchsystemsince.htm)] | | | [FactSet Research Systems Inc. Executive Severance Plan](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000084/factsetresearchsystemsince.htm)[(1)](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000084/factsetresearchsystemsince.htm) | | | | | | 8-K | | | | | | 001-11869 | | | | | | 10.1 | | | | | | 7/3/2024 | | | | | | | | |

| [removed: [10.8](https://www.sec.gov/Archives/edgar/data/1013237/000101323720000045/a102formoffactsetresea.htm)] [added: [10.11](https://www.sec.gov/Archives/edgar/data/1013237/000101323720000045/a102formoffactsetresea.htm)] | | | [Form of FactSet [removed: Research Inc.] [added: Research](https://www.sec.gov/Archives/edgar/data/1013237/000101323720000045/a102formoffactsetresea.htm) [Systems](https://www.sec.gov/Archives/edgar/data/1013237/000101323720000045/a102formoffactsetresea.htm) [Inc.] Equity Award Agreement](https://www.sec.gov/Archives/edgar/data/1013237/000101323720000045/a102formoffactsetresea.htm)[(1)](https://www.sec.gov/Archives/edgar/data/1013237/000101323720000045/a102formoffactsetresea.htm) | | | | | | 8-K | | | | | | 001-11869 | | | | | | 10.2 | | | | | | 3/5/2020 | | | | | | | | |

| [removed: [10.9](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)] [added: [10.13](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)] | | | [Credit Agreement [removed: dated](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [A](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)[pril] [added: dated April] 8, [removed: 2025](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)[,] [added: 2025,] among FactSet Research Systems Inc., [removed: the](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [b](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)[orrowing](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [s](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)[ubsidiaries](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [from] [added: the borrowing subsidiaries from] time to [removed: time](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [party] [added: time party] thereto, [removed: the](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [l](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)[enders](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [from] [added: the lenders from] time to [removed: time](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [party] [added: time party] thereto, and PNC Bank, National Association, as [removed: the](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [a](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)[dministrative](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm) [a](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)[gent](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)] [added: the administrative agent](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/factsetcreditagreement20.htm)] | | | | | | 8-K | | | | | | 001-11869 | | | | | | 1.1 | | | | | | 4/8/2025 | | | | | | | | |

| [removed: [10.1](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000089/cfoseparationagreementjuly.htm)[0](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000089/cfoseparationagreementjuly.htm)] [added: [10.15](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000089/cfoseparationagreementjuly.htm)] | | | [Separation Agreement and General Release of Claims by and between FactSet Research Systems Inc. and Linda Huber, dated July 22, 2024](https://www.sec.gov/Archives/edgar/data/1013237/000101323724000089/cfoseparationagreementjuly.htm) | | | | | | 8-K | | | | | | 001-11869 | | | | | | 10.1 | | | | | | 7/23/2024 | | | | | | | | |

| [removed: [1](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)[0.1](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)[1](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)] [added: [10.16](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)] | | | [removed: [E](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)[mployment] [added: [Employment] Agreement dated May 28, 2025 between FactSet Research Systems Inc. and Sanoke [removed: Vis](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)[wanathan](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)[(1)](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)] [added: Viswanathan](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)[(1)](https://www.sec.gov/Archives/edgar/data/1013237/000101323725000070/fdsceoemploymentagreement2.htm)] | | | | | | 10-Q | | | | | | 001-11869 | | | | | | 10.2 | | | | | | 7/3/2025 | | | | | | | | |

| [removed: [1](https://www.sec.gov/Archives/edgar/data/1013237/000095015725000604/ex99-1.htm)[0.12](https://www.sec.gov/Archives/edgar/data/1013237/000095015725000604/ex99-1.htm)] [added: [10.6](https://www.sec.gov/Archives/edgar/data/1013237/000095010326000335/dp239706_ex9901.htm)] | | | [removed: [F](https://www.sec.gov/Archives/edgar/data/1013237/000095015725000604/ex99-1.htm)[actSet] [added: [F](https://www.sec.gov/Archives/edgar/data/1013237/000095010326000335/dp239706_ex9901.htm)[actSet] Research Systems [removed: Inc.](https://www.sec.gov/Archives/edgar/data/1013237/000095015725000604/ex99-1.htm) [2025](https://www.sec.gov/Archives/edgar/data/1013237/000095015725000604/ex99-1.htm) [Employee Stock Purchase Plan](https://www.sec.gov/Archives/edgar/data/1013237/000095015725000604/ex99-1.htm)] [added: Inc. 2025 Omnibus Incentive Plan](https://www.sec.gov/Archives/edgar/data/1013237/000095010326000335/dp239706_ex9901.htm)(1)] | | | | | | S-8 | | | | | | [removed: 333-289143] [added: 333-292658] | | | | | | 99.1 | | | | | | [removed: 7/31/2025] [added: 1/9/2026] | | | | | | | | |

| [removed: [1](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm)[0.](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm)[13](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm)] [added: [10.17](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm)] | | | [removed: [R](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm)[e](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm)[tirement] [added: [Retirement] Agreement and General Release of Claims between FactSet Research Systems Inc. and F. Philip Snow](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm)[(1)](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/ex1013retirementagreementa.htm) | | | | | | [added: 10-K] | | | | | | [added: 001-11869] | | | | | | [added: 10.13] | | | | | | [added: 10/22/2025] | | | | | | [removed: X] | | |

| [removed: [21](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-202508x31xexx21.htm)] [added: [21](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-202608x31xexx211.htm)] | | | [Subsidiaries of FactSet Research Systems [removed: Inc.](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-202508x31xexx21.htm)] [added: Inc.](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-202608x31xexx211.htm)] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | |

| [removed: [23](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-202508x31xexx23.htm)] [added: [23](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-202608x31xexx231.htm)] | | | [Consent of Ernst & Young [removed: LLP](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-202508x31xexx23.htm)] [added: LLP](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-202608x31xexx231.htm)] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | |

| [removed: [31.1](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-20250831xexx311.htm)] [added: [31.1](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-20260831xexx3111.htm)] | | | [Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as [removed: amended.](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-20250831xexx311.htm)] [added: amended.](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-20260831xexx3111.htm)] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | |

| [removed: [31.2](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-20250831xexx312.htm)] [added: [31.2](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-20260831xexx3121.htm)] | | | [Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as [removed: amended.](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-20250831xexx312.htm)] [added: amended.](https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-20260831xexx3121.htm)] | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | X | | |