What changed in this filing

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Item 1. Business

2025-10-22 compared with 2024-10-29 · 124 added, 108 removed, 196 unchanged (54% of the section changed)

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FactSet Research Systems Inc.

and its wholly-owned subsidiaries (collectively, "we," "our," "us," the "Company" or "FactSet") was founded in 1978 and has been publicly traded since June 1996.

and its wholly-owned subsidiaries ("we," "our," "us," the "Company" or "FactSet") was founded in 1978 and has been publicly traded since June 1996.

We are dual-listed on the New York Stock Exchange ("NYSE") and the NASDAQ Stock Market ("NASDAQ") under the symbol "FDS".

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Business Overview

FactSet is a global financial digital platform and enterprise solutions provider with open and flexible technologies that aims to supercharge financial intelligence.

Our platform delivers expansive data, sophisticated analytics, and flexible technology used by global financial professionals to power their critical investment workflows.

As of August 31, 2024, we had more than 8,200 clients comprised of over 216,000 investment professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, and private equity and venture capital professionals.

FactSet is a global financial digital platform and enterprise solutions provider with open and flexible technologies that deliver financial intelligence to investment professionals worldwide.

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

As of August 31, 2025, we had approximately 9,000 clients comprised of over 237,000 investment professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, and private equity and venture capital professionals.

Our revenues are primarily derived from subscriptions to our multi-asset class data and solutions powered by our connected data and technology platform.

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We also offer managed services that operate as an extension of our clients' internal teams to support data, performance, risk and reporting workflows.

We drive our business based on detailed understanding of our clients’ workflows, which helps us to solve their most complex challenges.

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

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

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We provide open and flexible technology offerings, including a configurable desktop and mobile platform, comprehensive data feeds, cloud-based digital solutions, and application programming interfaces ("APIs").

AI is embedded across these offerings to enhance data discovery, automate routine workflows and improve the speed and accuracy of client insights.

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

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the Americas, EMEA and Asia Pacific.

During fiscal 2024, we revised our internal organization within each segment to offer data, products and analytical applications by firm type:

Within each segment, we offer data, products and analytical applications by firm type:

Institutional Buyside, Dealmakers, Wealth, and Partnerships and CGS.

We believe organization by firm type better aligns with our clients, the long-term view of our business and our commitment to investing for growth and efficiency.

As our chief operating decision maker ("CODM") continues to review our business and operating results based on our segments, the realignment of our internal organization by firm type did not impact our segments for fiscal 2024.

Refer to Part II, Item 8.

Note 18, 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 and CODM.

Our segment revenues are based on the geographic region where the sale originated:

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Revenues from the Americas represented 65% of total revenues during fiscal 2025.

The EMEA segment primarily sells to clients in Europe, the Middle East and Africa via offices in Bulgaria, England, France, Germany, Italy, Ireland, Latvia, Luxembourg, the Netherlands, Sweden and the United Arab Emirates.

The EMEA segment primarily sells to clients in Europe, the Middle East and Africa via offices in Bulgaria, England, France, Germany, Italy, Latvia, Luxembourg, the Netherlands, Sweden and the United Arab Emirates.

Revenues from EMEA represented 25% of total revenues during fiscal 2025.

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Revenues from Asia Pacific represented 10% of total revenues during fiscal 2025.

Refer to Part II, Item 8.

Note 17, 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.

Institutional Buyside

Institutional Buyside offers multi-asset class solutions to global asset managers, asset owners and hedge fund professionals across the investment portfolio lifecycle.

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 portfolio construction, research management, order management, and trade execution capabilities.

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

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 delivers 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, 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 research management solutions ("RMS") for research authoring and publishing.

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

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 delivers 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.

It also provides RMS for research authoring and publishing.

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 for wealth management firms.

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 (including feeds and APIs), workstations, and digital or analytics solutions to firms in the financial services ecosystem including data, analytics and technology platform providers.

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 United States and as a substitute ISIN agency for more than 30 other countries.

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.

Business Strategy

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To execute our strategy, we are focused on three core pillars and primary areas of investment:

• Expanding our data offerings:

• Expanding our data offerings and delivery capabilities:

We continue to scale up our data ecosystem to provide a comprehensive inventory of industry, proprietary and third-party data.

This includes granular data for key industry verticals, real-time market data, fund data and sustainable finance.

We believe that our breadth of high-quality, connected data will serve as critical raw material for large language models.

In addition to using our growing data catalog to power our AI-powered workstation products, we aim to continue to expand our data delivery capabilities in the cloud and through other methods to advance our position as an enterprise data provider for our clients.

In addition to using our growing data catalog to drive our AI-powered workstation products, we aim to continue to expand our data delivery capabilities in the cloud and through other methods to advance our position as an enterprise data provider for our clients.

• Embedding deeper in client workflows:

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• Innovating with AI:

Our artificial intelligence roadmap, driven by our FactSet AI Blueprint, continues to resonate with our clients.

We recently launched new AI-powered solutions for generating portfolio performance commentary, analyzing earnings call transcripts, and requesting FactSet data using natural language queries in client-built environments and chatbots.

We believe that our pragmatic, open and flexible approach to leveraging AI to enhance our clients’ workflows will differentiate FactSet from our competitors and drive growth.

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

On September 8, 2025, Sanoke Viswanathan assumed the role of Chief Executive Officer and joined FactSet’s Board of Directors.

Viswanathan succeeds F.

Philip Snow, who retired from these roles effective on Mr.

Viswanathan's start date.

To support a smooth leadership transition, Mr.

Snow is continuing employment with FactSet in an advisory capacity until December 31, 2025.

Revenues and Annual Subscription Value ("ASV")

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We believe ASV reflects our ability to grow recurring revenues and generate positive cash flows, and thus serves as a key indicator of the successful execution of our business strategy.

AS V at any point in time represents our forward-looking revenues for the next 12 months from all subscription services currently being supplied to clients.

Organic ASV represents ASV excluding ASV from acquisitions and dispositions within the last 12 months and the effects of foreign currency movements.

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

Organic ASV at any point in time represents ASV excluding ASV from acquisitions and dispositions completed within the last 12 months and the effects of foreign currency movements.

FactSet Clients and Users

We had 8,996 clients and 237,324 professionals using FactSet as of August 31, 2025.

Our client count includes clients with ASV of $10,000 and above.

For the year ended August 31, 2024, annual ASV retention was greater than 95% and, when expressed as a percentage of clients, annual retention was approximately 90%.

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

For the year ended August 31, 2025, annual ASV retention was greater than 95% and, when expressed as a percentage of clients, annual retention was 91%.

Buy-side clients continue to shift toward multi-asset class investment strategies and investing in their front- and middle office solutions, where we are well-positioned to be a partner of choice.

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Buy-side clients accounted for approximately 82% of our Organic ASV as of August 31, 2025.

We deliver comprehensive solutions to sell-side clients including workstation, data feeds, APIs, proprietary and third-party content, productivity tools for Microsoft® Office, web and mobile, and RMS for research authoring and publishing.

We deliver comprehensive solutions to sell-side clients including workstations, data feeds, web and mobile solutions, APIs, proprietary and third-party content, and productivity tools for Microsoft® Office.

Our focus remains on expanding the depth of content offered and increasing workflow efficiency for sell-side firms.

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We have entered into third-party content agreements of varying lengths, which in some cases can be terminated with one year’s notice, at predefined dates, and in other cases on shorter notice.

We are not dependent on any one third-party data supplier to meet the needs of our clients, with only two data suppliers each representing more than 10% of our total data costs during fiscal 2024.

We are not dependent on any one third-party data supplier to meet the needs of our clients, with two data suppliers each representing more than 10% of our total data costs during fiscal 2025.

Data Centers and Cloud Computing

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A key aspect of our growth strategy is to offer new solutions and enhance our existing products by making them faster and more robust with deeper data and insights.

We strive to rapidly adopt new technology that can improve the discoverability and usability of our products and services.

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

The Competitive Landscape

We are a part of the financial information services industry focused on delivering expansive data, sophisticated analytics, and flexible technology through our platform to the global investment community.

We are a part of the financial information services industry focused on delivering expansive data, sophisticated analytics, and flexible technology through our open platform to the global investment community.

We offer clients comprehensive solutions with a broad set of products delivered through a desktop or mobile user interface, cloud-based platforms, or through standardized or bespoke data feeds, as well as APIs.

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

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.

We are entrusted with significant amounts of our clients' own proprietary data, including portfolio holdings.

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

We expect it would be difficult for another vendor to quickly replicate the extensive data we currently offer, therefore, we believe there are high barriers to entry to our business.

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

We operate in a highly competitive environment.

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

Our largest competitors are Bloomberg L.P., S&P's Market Intelligence division, and London Stock Exchange Group's ("LSEG's") Data & Analytics division (formerly known as Refinitiv).

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Human Capital Management

Our employees are key to our success and enable us to execute at a high level.

We have built a collaborative culture that recognizes and rewards innovation and offers employees a variety of opportunities and experiences.

We believe that our continued focus on our employees helps us to provide high quality products and service to our clients.

At FactSet, our people are central to delivering long-term value to our clients, stockholders, and communities.

We view human capital as a strategic asset and prioritize the health, engagement, safety, and well-being of our workforce.

FactSet’s human capital strategy is designed to align our workforce with our mission.

Through strategic hiring, focused upskilling, and transparent career pathways, we position our people and teams to deliver on our business objectives and create sustainable growth.

By emphasizing innovation, agility, recognition, and connectedness, we foster a culture where employees thrive while advancing outcomes for our clients, our communities, and our stockholders.

Our human capital strategy focuses on attracting and retaining top talent, developing future-ready skills, fostering an inclusive and purpose-driven culture, and providing comprehensive wellbeing programs.

We align our workforce initiatives with business priorities, so that employees are equipped, empowered, and motivated to contribute meaningfully to FactSet’s mission and long-term objectives.

Our Employees

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Of our total employees, 8,854 (69%) were located in Asia Pacific, 2,510 (20%) in the Americas and 1,436 (11%) in EMEA.

We continue to invest in our centers of excellence ("COEs"), primarily located in India and the Philippines, which accounted for approximately 69% of our employees.

To support sustainable growth, we continue to invest in our global centers of excellence ("COEs"), primarily located in India and the Philippines, which accounted for approximately 68% of our employees.

Functionally, as of August 31, 2025, 47% of our employees were in Content Operations, 28% were in Technology and Product Development, 21% were in Sales and Client Solutions and 4% were in Corporate Support.

As of August 31, 2024, 433 of our employees were represented by mandatory works councils in our French and German locations and 24 of our employees were represented by collective bargaining agreements in the United States.

Employee Engagement

In line with our commitment to foster a positive work environment and culture, we conduct an annual, anonymous, and confidential global employee engagement survey administered by a third-party.

The survey empowers employees to share feedback on a range of topics, including workplace culture, job satisfaction, leadership, career opportunities, employee well-being, compensation and benefits, team collaboration, and communication.

Senior leadership and managers review the aggregated results to identify key areas of focus and formulate strategies to enhance employee experiences, satisfaction, and overall effectiveness.

We share the survey results with employees to highlight our strengths and to note opportunities for positive change.

In our fiscal 2024 employee engagement survey, we achieved an 89% response rate, which is substantially higher than the third-party response benchmark.

Our score for 'Action Taking' was above the benchmark, indicating employee confidence that meaningful action will be taken as a result of the survey, reflecting the work we’ve done in previous years to improve employee engagement based on survey results.

The majority of our employees indicated that they feel they are treated fairly regardless of diversity characteristics, appreciate their managers for providing open and honest feedback, and understand how their work contributes to the Company’s success.

Diversity, Equity & Inclusion

As part of our core values and our efforts to attract and retain top talent, we are committed to building a globally diverse, equitable and inclusive workplace.

Diversity, Equity, and Inclusion ("DE&I") at FactSet is supported by our DE&I Council, comprised of executive leaders and chaired by our CEO, Phil Snow.

An important component of our DE&I strategy is our Business Resource Groups ("BRGs"), which help create an inclusive culture for all our employees.

We have eight such groups - the Asian BRG, Black BRG, Families BRG, Pride BRG, Multicultural BRG, Latinx BRG, Women’s BRG, and Veterans BRG.

The BRGs are supported by senior leaders who serve as executive sponsors.

Our BRGs host a variety of educational and networking events globally and many also co-sponsor external community events.

During fiscal 2024, we continued to publish our workforce demographics and annual EEO-1 Federal data in our Sustainability Report.

Our DE&I efforts included adhering to inclusive hiring best practices and requiring all hiring managers to complete unconscious bias training.

Hybrid Workforce

In fiscal 2024 we rolled out our updated "How We Work" policy for flexible working arrangements.

Employees in many of our locations, where local laws and regulations and the role and department permit, have the option to work full-time in the office, in a hybrid arrangement (usually two to three days per week in the office) or, in some cases, entirely remotely.

Some employees may also elect to work a flexible schedule.

These arrangements help to retain talent, increase employee satisfaction, and support our commitment to creating a diverse, equitable and inclusive workplace.

Additionally, we appointed senior site leaders at each of our locations to collaborate with our employees and local culture committees to drive engagement and improve in-office experiences.

Learning and Development

We offer a range of learning opportunities to empower employees through experiences that support their personal and professional growth.

We identify learning needs to ensure that our employees have the skills and knowledge to excel in their roles, grow their careers, and contribute to the success of our organization.

During fiscal 2024, our employees increasingly leveraged our non-mandatory learning, with particular focus on our expanded technical learning and training courses.

During fiscal 2024, we implemented specialized programming to upskill employees in Generative AI, adopting a tailored approach that catered to varying levels of existing knowledge, ranging from offering foundational insights into GenAI concepts to providing advanced technical training aimed at equipping our engineers with the knowledge to develop cutting-edge GenAI products.

Compensation, Benefits and Well-being

Our Total Rewards program provides our employees with pay, benefits, and recognition intended to be equitable, comprehensive, locally market-aligned, and spanning the full well-being spectrum.

Our compensation and benefits program is reflective of our values and culture, designed to meet the diverse needs of our global employee population, and is essential to our recruitment, development, and retention strategies.

Our compensation philosophy is designed to reward performance and support corporate growth.

Our employee compensation includes one or more of the following elements:

base salaries, annual incentive awards, sales incentive awards, and equity awards.

We differentiate individual salary, bonus and equity awards based on performance against key objectives and how effectively our employees demonstrate behaviors consistent with our values and culture.

We are committed to offering high-quality, affordable, and locally competitive benefit options, designed to support our employees at all stages of their lives with health, welfare, time-off, and retirement benefits to meet their diverse needs and thrive physically, emotionally, socially, and financially.

As of August 31, 2025, 434 of our employees were represented by mandatory works councils in our French and German locations and 25 of our employees were represented by collective bargaining agreements in the U.S.

Our global workforce enables scale, operational efficiency, and delivery of specialized expertise across the enterprise.

Workforce Strategy and Talent Development

FactSet invests strategically in attracting, developing, and retaining top talent to support growth and innovation.

Key initiatives include:

• Strategic Hiring:

Recruitment in critical roles, including data solutions, AI, machine learning, product management, and client-facing positions.

• Future-Ready Skills:

In fiscal 2025, 94% of employees participated in learning programs, completing 339,000 hours globally.

Programs include mentorship, leadership development, department-specific training, and the EXCEL program.

• AI Capabilities:

A major focus in fiscal 2025 was enhancing our AI capabilities that were aligned with our innovation and AI monetization goals.

Employees advanced skills in prompt engineering, coding, vector databases, and data querying, enabling teams to embed AI across product design, client solutions, and internal efficiency initiatives.

• Career Pathways:

To encourage employees to apply their skills toward long-term careers at FactSet, we refreshed our job architecture, offering transparent career pathways and consistent role expectations across functions.

Employee Engagement and Culture

FactSet fosters a culture where employees feel empowered, recognized, and connected to the Company’s mission.

Key initiatives and outcomes include:

• Engagement and Feedback:

We conduct an annual confidential employee engagement survey to assess satisfaction, gather feedback, and identify opportunities for improvement.

In fiscal 2025, our engagement survey achieved an 88% response rate, significantly outpacing typical third-party benchmark response rates, reflecting strong employee engagement in the process.

The survey results indicated employees are closely aligned with the Company's purpose and confident that their work contributes meaningful value to the organization.

• Corporate Responsibility and Purpose:

We foster a culture of service that enriches our communities and enhances the employee experience.

In fiscal 2025, FactSet employees contributed 17,200 volunteer hours across 391 events, with more than 85% of employees participating in philanthropic initiatives focused on education, hunger alleviation, environmental protection, and disaster response.

• Flagship Initiatives:

Programs such as Hunger Awareness, one of FactSet’s largest annual initiatives, have resulted in over 9 million meals donated since 2019, reinforcing a culture of purpose while enhancing employee engagement and collective impact.

• Employee-Led Engagement Programs:

FactSet supports a network of site-level culture committees, business resource groups open to all employees, and wellness champions, empowering employees to drive inclusion, well-being, and local engagement initiatives.

Well-being and Benefits

Employee wellbeing is a central component of FactSet’s human capital strategy.

Our programs are designed to support physical, mental, and financial health while fostering a safe, inclusive, and resilient workplace.

Key initiatives include:

• Comprehensive Health and Wellness Programs:

FactSet provides robust health benefits, as well as a range of wellness initiatives that support physical, emotional, social, and financial health.

In fiscal 2025, we expanded mental health resources through Journey, a global platform providing access to on-demand clinical experts, confidential counseling, and personalized wellness content.

• Flexible Work Arrangements:

Policies and programs support work-life integration, including remote and hybrid work options, parental leave, and time-off programs tailored to employee needs.

Government Regulation

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Name of Officer Age Office Held with FactSet Officer Since

Philip Snow 60 Chief Executive Officer 2014

Sanoke Viswanathan 50 Chief Executive Officer 2025

Shan 58 Executive Vice President, Chief Financial Officer

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Ellis 53 Executive Vice President, Head of Strategic Initiatives and Partnerships 2023

Philip Snow – Chief Executive Officer .

Snow was appointed Chief Executive Officer effective July 1, 2015.

Prior to that, Mr.

Snow held the title of President.

He began his career at FactSet in 1996 as a Consultant, before moving to Asia to hold positions in the Tokyo and Sydney offices.

Following his move back to the U.S.

Snow held various sales leadership roles prior to assuming the role of Senior Vice President, Director of U.S.

Investment Management Sales in 2013.

Snow received a Bachelor of Arts in Chemistry from the University of California at Berkeley and a Master of International Management from the Thunderbird School of Global Management.

He has earned the right to use the Chartered Financial Analyst designation.

Christopher McLoughlin 46 Executive Vice President, Chief Legal Officer and Corporate Secretary 2024

Sanoke Viswanathan – Chief Executive Officer .

Viswanathan was appointed Chief Executive Officer effective September 8, 2025.

Viswanathan has held a range of leadership roles, most recently served as the Chief Executive Officer of International Consumer and Wealth of JPMorgan and as a member of JPMorgan’s Operating Committee where he oversaw international consumer businesses as well as the International Private Bank and Workplace Solutions.

Prior to that, Viswanathan served as JPMorgan’s Chief Strategy and Growth Officer from 2022 to 2024 and Chief Administrative Officer of the Corporate and Investment Bank.

Earlier in his career, he was a Managing Director and Head of Corporate Strategy for JPMorgan and a Partner and Co-Head of Global Corporate and Investment Banking for McKinsey & Company.

Viswanathan holds a post-graduate diploma in management from the Indian Institute of Management, Ahmedabad, and a bachelors in Mechanical Engineering from the Indian Institute of Technology, Chennai.

Shan – Executive Vice President, Chief Financial Officer.

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Shan served as Executive Vice President, Chief Revenue Officer.

In that role, she was responsible for driving revenue growth by managing global sales, client solutions, marketing and media relations.

Prior to that, she was at Marsh McLennan Companies, where she served in a variety of roles, including as the company's Corporate Treasurer and as Chief Financial Officer for Mercer.

Previously, she was at Marsh McLennan Companies, where she served in a variety of roles, including as the company's Corporate Treasurer and as Chief Financial Officer for Mercer.

Preceding that, Ms.

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In September 2018, Ms.

Shan joined the Board of Directors of EPAM Systems, Inc., a global provider of digital platform engineering and software development services, and currently is the Chairperson of the Audit Committee and also serves on the Compensation Committee.

Shan joined the Board of Directors of EPAM Systems, Inc.

and currently is the Chairperson of the Audit Committee and also serves on the Compensation Committee.

Shan holds dual degrees with a Bachelor of Science and a Bachelor of Applied Science from the University of Pennsylvania’s Wharton School of Business and School of Applied Science and Engineering.

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Prior to this, Mr.

Skoko served as Executive Vice President, Managing Director EMEA and Asia Pacific, Head of Dealmakers & Wealth, and was responsible for providing direction to address the product and content

needs for EMEA and Asia Pacific clients while also focusing on increased deployment and building community within our Dealmakers & Wealth space.

Skoko served as Executive Vice President, Managing Director EMEA and Asia Pacific, Head of Dealmakers & Wealth, and was responsible for providing direction to address the product and content needs for EMEA and Asia Pacific clients while also focusing on increased deployment and building community within our Dealmakers & Wealth space.

He also previously served as Executive Vice President, Managing Director EMEA and Asia Pacific and Head of Research & Advisory Solutions and Executive Vice President, Managing Director EMEA and Asia Pacific and Head of Wealth Solutions.

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Karnovsky was appointed Executive Vice President, Head of Dealmakers and Wealth effective September 1, 2024.

In this role, she is responsible for focusing on increased deployment and building community within our Dealmakers & Wealth space.

From July 2021 through August 31, 2024, Ms.

Karnovsky served as Executive Vice President, Chief Product Officer, working across the entire product portfolio to deliver a differentiated advantage for clients and support their success.

Prior to that role, Ms.

Karnovsky was Head of Research Solutions.

Karnovsky joined FactSet in 2001 as a Consultant and spent over a decade building FactSet's sell-side business in Sales leadership roles.

Karnovsky earned a bachelor's degree from the University of Scranton.

Since joining FactSet in 2001, she has held leadership roles spanning sales, product and strategy, including roles as Global Head of Research Solutions (2017-2021), and Chief Product Officer (2021-2024).

In her current position, she is responsible for setting strategy, and leading execution across product development and engineering for FactSet's solutions for wealth management, banking, and dealmaking clients worldwide.

Over her tenure, she has played a key role in growing FactSet's sell-side business, advancing enterprise AI capabilities, and strengthening relationships with clients.

Karnovsky holds a B.S.

from the University of Scranton.

John Costigan – Executive Vice President, Chief Data Officer.

Costigan was appointed Executive Vice President, Chief Data Officer of FactSet effective June 1, 2023.

Prior to that, he served as Chief Content Officer of FactSet starting in April 2022.

As Chief Data Officer, he is responsible for FactSet's enterprise-wide data strategy and leads data development from planning through production.

This includes data digital transformation using modern techniques and technology to drive timeliness, accuracy, coverage, consistency and usability across all FactSet data assets.

Prior to that, he served as Chief Content Officer of FactSet starting in April 2022.

Costigan has been at FactSet since September 2007 in a variety of roles.

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As Chief Technology Officer, she is responsible for leading FactSet's technology organization and overseeing its digital transformation strategy.

Stepp joined FactSet in 2008 and previously served as Senior Director of Product Management within FactSet's Research and Advisory workflow solutions business.

Prior to that role, she was Senior Director of Engineering within FactSet's Research workflow solutions business.

Stepp joined FactSet in 2008 and previously served as Senior Director of Product Management within FactSet's Research and Advisory workflow solutions.

Prior to that role, she was Senior Director of Engineering within FactSet's Research workflow solutions.

Stepp holds a B.S.

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Ellis joined FactSet in 1994 in Client Solutions.

His career path since then has included successfully defining and expanding the Portfolio Manager Workstation Sales business unit, ultimately becoming its Vice President before assuming the position of Director of Portfolio Analytics.

His career path since then has included successfully defining and expanding the Portfolio Manager Workstation Sales solutions, ultimately becoming its Vice President before assuming the position of Director of Portfolio Analytics.

He subsequently led the development team for FactSet's core workstation.

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Ellis is a graduate of Stanford University and a CFA charterholder.

Christopher McLoughlin - Executive Vice President, Chief Legal Officer and Corporate Secretary.

McLoughlin was appointed Executive Vice President, Chief Legal Officer effective December 2, 2024.

In this role, he oversees the global legal, compliance, and risk functions for the Company, together with government and regulatory affairs.

Previously, Mr.

McLoughlin served as the General Counsel of S&P Global Market Intelligence, where he led a global team providing legal and compliance support to the entire division and served as a member of the S&P Global Market Intelligence Operating Committee.

Prior, he was Deputy General Counsel and Company Secretary of IHS Markit Ltd.

He has also worked at various international law firms

on a range of corporate, transactional, and advisory matters.

McLoughlin has earned a legal degree LLB (Hons), from the University of Manchester and attended Nottingham Law School.

Additional Information

4 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business