FactSet Research Systems Inc. (FDS) Balance Sheet
FDS balance sheet, FY2026
August 31, 2026 · U.S. dollars$4.14B assets = $2.14B liabilities + $2.00B equity
Both columns are drawn to the same scale: what FDS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FDS financial health
Current ratio0.60
Tight · current assets cover current liabilities 0.60×
Debt / equity0.77
Moderate leverage · $0.77 of debt for each $1 of equity
Equity / assets48.3%
Equity-funded · of assets funded by shareholders
Cash / debt17.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles75.6%
Mostly intangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
FDS balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.41BFY2017 | $4.14BFY2026 | +12.7%/yr | |
| Total liabilities | $853.6MFY2017 | $2.14BFY2026 | +10.8%/yr | |
| Shareholders’ equity | $559.7MFY2017 | $2.00BFY2026 | +15.2%/yr | |
| Cash & short-term investments | $227.2MFY2017 | $265.3MFY2026 | +1.7%/yr | |
| Total debt | $622.5MFY2017 | $1.54BFY2026 | +10.6%/yr | |
| Net cash (debt) | −$395.3MFY2017 | −$1.28BFY2026 | −$881.8M | |
| Working capital | $208.2MFY2017 | −$437.6MFY2026 | −$645.8M | |
| Book value per share | $14.12FY2017 | $54.68FY2026 | +16.2%/yr | |
| Current ratio | 2.04FY2017 | 0.60FY2026 | −1.44 | |
| Debt / equity | 1.11FY2017 | 0.77FY2026 | −0.34 | |
| Shares outstanding | 39.6MFY2017 | 36.6MFY2026 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FDS assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
FDS liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
FDS debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FDS balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $265.3M | $355.1M | $492.6M | $457.7M | $536.5M | $717.8M | $605.2M | $385.6M | $237.9M | $227.2M |
| Cash & equivalents | $233.3M | $337.7M | $423.0M | $425.4M | $503.3M | $681.9M | $585.6M | $359.8M | $208.6M | $194.7M |
| Short-term investments | $32.0M | $17.4M | $69.6M | $32.2M | $33.2M | $36.0M | $19.6M | $25.8M | $29.3M | $32.4M |
| Receivables | $301.4M | $270.7M | $228.1M | $237.7M | $204.1M | $151.2M | $155.0M | $146.3M | $156.6M | $148.3M |
| Inventory | $0 | $0 | $57.0M | −$3.1M | $38.5M | $13.9M | $38.1M | $15.0M | $6.3M | $9.7M |
| Other current assets | $87.9M | $104.0M | $58.2M | $77.9M | $91.2M | $50.6M | $43.7M | $36.9M | $30.1M | $24.1M |
| Total current assets | $654.7M | $729.8M | $835.8M | $770.1M | $870.3M | $933.6M | $841.9M | $583.8M | $430.9M | $409.4M |
| Property, plant & equipment (net) | $192.5M | $207.0M | $213.0M | $227.9M | $240.3M | $370.4M | $382.0M | $121.0M | $100.5M | $100.5M |
| Goodwill & intangible assets | $3.13B | $3.20B | $2.86B | $2.86B | $2.86B | $889.3M | $830.8M | $806.3M | $850.8M | $881.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $163.1M | $166.7M | $150.9M | $100.9M | $41.9M | $29.5M | $28.6M | $37.5M | $37.2M | $22.4M |
| Total assets | $4.14B | $4.30B | $4.06B | $3.96B | $4.01B | $2.22B | $2.08B | $1.55B | $1.42B | $1.41B |
| Liabilities | ||||||||||
| Accounts payable | $136.1M | $135.3M | $178.2M | $121.8M | $108.4M | $85.8M | $82.1M | $68.1M | $72.1M | $59.2M |
| Short-term debt | $533.7M | $33.1M | $155.9M | $28.8M | $29.2M | $33.5M | $29.1M | $47.7M | $49.7M | $47.5M |
| Deferred revenue | $184.3M | $167.9M | $159.8M | $152.4M | $152.0M | $63.1M | $54.0M | $47.7M | $49.7M | $47.5M |
| Total current liabilities | $1.09B | $521.3M | $667.1M | $484.3M | $438.3M | $315.7M | $276.3M | $207.4M | $221.1M | $201.1M |
| Long-term debt | $0 | $1.37B | $1.24B | $1.61B | $1.98B | $574.5M | $574.4M | $574.2M | $574.8M | $575.0M |
| Lease obligations | — | $190.2M | $208.6M | $227.2M | $237.8M | $291.6M | $301.3M | — | — | — |
| Other long-term liabilities | $1.05B | $228.3M | $234.4M | $246.0M | $262.2M | $316.3M | $334.6M | $94.8M | $97.6M | $77.5M |
| Total liabilities | $2.14B | $2.12B | $2.14B | $2.34B | $2.68B | $1.21B | $1.19B | $876.4M | $893.5M | $853.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.00B | $430,000 | $426,000 | $421,000 | $417,000 | $412,000 | $408,000 | $401,000 | $393,000 | $518,000 |
| Retained earnings (deficit) | — | $2.32B | $1.89B | $1.51B | $1.18B | $912.5M | $633.1M | $373.2M | $122.8M | $1.46B |
| Treasury stock | — | — | — | — | — | −$905.9M | −$637.0M | −$433.8M | −$213.4M | −$1.61B |
| Accumulated other comprehensive income | — | −$63.7M | −$79.6M | −$87.1M | −$108.4M | −$39.0M | −$39.3M | −$74.5M | −$51.4M | −$34.7M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.00B | $2.19B | $1.91B | $1.62B | $1.33B | $1.02B | $898.2M | $672.3M | $525.9M | $559.7M |
| Key figures | ||||||||||
| Total debt | $1.54B | $1.56B | $1.57B | $1.84B | $2.22B | $866.2M | $875.7M | $621.8M | $624.5M | $622.5M |
| Net cash (debt) | −$1.28B | −$1.20B | −$1.08B | −$1.38B | −$1.68B | −$148.4M | −$270.5M | −$236.2M | −$386.6M | −$395.3M |
| Working capital | −$437.6M | $208.5M | $168.8M | $285.9M | $432.1M | $617.9M | $565.6M | $376.4M | $209.8M | $208.2M |
| Tangible book value | −$1.13B | −$1.01B | −$942.8M | −$1.24B | −$1.53B | $127.0M | $67.4M | −$134.0M | −$324.9M | −$321.4M |
| Book value per share | $54.68 | $56.96 | $49.52 | $41.65 | $34.37 | $26.35 | $23.24 | $17.29 | $13.36 | $14.12 |
| Shares outstanding | 36.6M | 38.4M | 38.6M | 38.9M | 38.7M | 38.6M | 38.6M | 38.9M | 39.4M | 39.6M |
| Current ratio | 0.60 | 1.40 | 1.25 | 1.59 | 1.99 | 2.96 | 3.05 | 2.81 | 1.95 | 2.04 |
| Quick ratio | 0.52 | 1.20 | 1.08 | 1.44 | 1.69 | 2.75 | 2.75 | 2.56 | 1.78 | 1.87 |
| Debt / equity | 0.77 | 0.71 | 0.82 | 1.14 | 1.67 | 0.85 | 0.97 | 0.92 | 1.19 | 1.11 |
| Equity / assets | 48.3% | 50.8% | 47.2% | 40.9% | 33.2% | 45.7% | 43.1% | 43.4% | 37.0% | 39.6% |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $265.3M | $304.2M | $285.3M | $292.7M | $355.1M | $364.0M | $287.0M | $358.8M | $492.6M | $522.0M | $450.2M | $443.9M |
| Cash & equivalents | $233.3M | $288.1M | $268.3M | $275.4M | $337.7M | $356.4M | $278.5M | $289.2M | $423.0M | $453.1M | $381.7M | $411.9M |
| Short-term investments | $32.0M | $16.1M | $16.9M | $17.2M | $17.4M | $7.7M | $8.5M | $69.6M | $69.6M | $68.9M | $68.5M | $32.1M |
| Receivables | $301.4M | $290.0M | $320.2M | $289.0M | $270.7M | $271.9M | $277.6M | $252.5M | $228.1M | $240.1M | $272.2M | $245.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $57.0M | −$60,999 | $1 | $25.7M |
| Other current assets | $87.9M | $133.3M | $101.7M | $126.9M | $104.0M | $124.6M | $143.0M | $139.4M | $58.2M | $96.2M | $100.6M | $50.8M |
| Total current assets | $654.7M | $727.5M | $707.2M | $708.6M | $729.8M | $760.5M | $707.6M | $750.7M | $835.8M | $858.3M | $823.0M | $765.8M |
| Property, plant & equipment (net) | $192.5M | $201.7M | $84.4M | $210.6M | $207.0M | $198.8M | $197.9M | $199.0M | $213.0M | $218.1M | $214.9M | $221.4M |
| Goodwill & intangible assets | $3.13B | $3.15B | $3.17B | $3.18B | $3.20B | $3.21B | $3.18B | $2.96B | $2.86B | $2.86B | $2.86B | $2.85B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $163.1M | $111.0M | $256.0M | $122.2M | $166.7M | $170.4M | $155.1M | $136.3M | $150.9M | $107.2M | $88.5M | $110.7M |
| Total assets | $4.14B | $4.19B | $4.22B | $4.22B | $4.30B | $4.34B | $4.24B | $4.05B | $4.06B | $4.04B | $3.99B | $3.95B |
| Liabilities | ||||||||||||
| Accounts payable | $136.1M | $164.0M | $149.2M | $149.3M | $135.3M | $144.5M | $128.6M | $151.3M | $178.2M | $137.3M | $128.2M | $149.8M |
| Short-term debt | $533.7M | $533.1M | $39.2M | $32.6M | $33.1M | $33.2M | $32.6M | $93.9M | $155.9M | $217.3M | $29.0M | $28.8M |
| Deferred revenue | $184.3M | $183.5M | $188.7M | $162.6M | $167.9M | $170.9M | $177.3M | $157.1M | $159.8M | $168.1M | $175.1M | $150.2M |
| Total current liabilities | $1.09B | $1.06B | $505.9M | $458.8M | $521.3M | $518.9M | $481.8M | $538.1M | $667.1M | $671.5M | $459.8M | $455.9M |
| Long-term debt | $0 | $890.5M | $1.37B | $1.37B | $1.37B | $1.43B | $1.47B | $1.30B | $1.24B | $1.24B | $1.49B | $1.55B |
| Lease obligations | — | $180.9M | $184.4M | $191.3M | $190.2M | $190.3M | $191.0M | $192.8M | $208.6M | $213.8M | $214.7M | $221.5M |
| Other long-term liabilities | $1.05B | $204.5M | $207.0M | $225.4M | $228.3M | $234.5M | $230.5M | $222.2M | $234.4M | $237.2M | $239.9M | $243.5M |
| Total liabilities | $2.14B | $2.16B | $2.09B | $2.05B | $2.12B | $2.18B | $2.18B | $2.06B | $2.14B | $2.15B | $2.19B | $2.25B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.00B | $432,000 | $432,000 | $431,000 | $430,000 | $430,000 | $429,000 | $428,000 | $426,000 | $426,000 | $425,000 | $423,000 |
| Retained earnings (deficit) | — | $2.61B | $2.53B | $2.44B | $2.32B | $2.21B | $2.10B | $2.00B | $1.89B | $1.84B | $1.72B | $1.62B |
| Accumulated other comprehensive income | — | −$79.3M | −$69.7M | −$74.0M | −$63.7M | −$68.6M | −$112.8M | −$100.4M | −$79.6M | −$92.6M | −$91.0M | −$86.9M |
| Total shareholders' equity | $2.00B | $2.03B | $2.13B | $2.17B | $2.19B | $2.16B | $2.06B | $1.99B | $1.91B | $1.89B | $1.80B | $1.70B |
| Key figures | ||||||||||||
| Total debt | $1.54B | $1.57B | $1.55B | $1.56B | $1.56B | $1.62B | $1.66B | $1.55B | $1.57B | $1.64B | $1.70B | $1.77B |
| Net cash (debt) | −$1.28B | −$1.27B | −$1.27B | −$1.27B | −$1.20B | −$1.26B | −$1.38B | −$1.19B | −$1.08B | −$1.12B | −$1.25B | −$1.33B |
| Working capital | −$437.6M | −$337.2M | $201.3M | $249.8M | $208.5M | $241.6M | $225.8M | $212.6M | $168.8M | $186.8M | $363.3M | $309.9M |
| Tangible book value | −$1.13B | −$1.12B | −$1.04B | −$1.01B | −$1.01B | −$1.05B | −$1.12B | −$971.0M | −$942.8M | −$965.7M | −$1.06B | −$1.15B |
| Book value per share | $56.28 | $54.99 | $57.45 | $57.63 | $57.30 | $56.04 | $53.41 | $51.71 | $49.65 | $48.92 | $46.62 | $44.01 |
| Shares outstanding | 35.6M | 37.0M | 37.1M | 37.6M | 38.2M | 38.5M | 38.5M | 38.5M | 38.5M | 38.6M | 38.6M | 38.6M |
| Current ratio | 0.60 | 0.68 | 1.40 | 1.54 | 1.40 | 1.47 | 1.47 | 1.39 | 1.25 | 1.28 | 1.79 | 1.68 |
| Quick ratio | 0.52 | 0.56 | 1.20 | 1.27 | 1.20 | 1.23 | 1.17 | 1.14 | 1.08 | 1.13 | 1.57 | 1.51 |
| Debt / equity | 0.77 | 0.77 | 0.73 | 0.72 | 0.71 | 0.75 | 0.81 | 0.78 | 0.82 | 0.87 | 0.95 | 1.04 |
| Equity / assets | 48.3% | 48.5% | 50.5% | 51.4% | 50.8% | 49.7% | 48.5% | 49.2% | 47.2% | 46.8% | 45.1% | 43.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 30, 2026); data from EODHD.
FDS financial position
At the end of fiscal 2026 (August 31, 2026), FactSet had total assets of $4.1 billion (down 3.8% from a year earlier), total liabilities of $2.1 billion and shareholders' equity of $2.0 billion. It held $265.3 million in cash and short-term investments against $1.5 billion of debt, net debt of $1.3 billion. Its current ratio was 0.60.
Related: FDS income statement, FDS cash flow statement, FDS key metrics. See the FDS stock overview for the latest quote and news.
FDS balance sheet FAQ
What are FactSet's total assets?
FactSet reported total assets of $4.1 billion at the end of fiscal 2026 (August 31, 2026), compared with $4.3 billion a year earlier.
How much debt does FactSet have?
FactSet had $1.5 billion of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.77.
How much cash does FactSet have?
FactSet held $265.3 million in cash and short-term investments at the end of fiscal 2026; with $1.5 billion of debt that is net debt of $1.3 billion.
What is FactSet's book value?
FactSet's shareholders' equity (book value) was $2.0 billion at the end of fiscal 2026, or $54.68 per share.
What is FactSet's current ratio?
FactSet had current assets of $654.7 million and current liabilities of $1.1 billion, a current ratio of 0.60 (current liabilities exceed current assets).
How much goodwill does FactSet have?
FactSet carried $3.1 billion of goodwill and intangible assets, 75.6% of total assets, at the end of fiscal 2026.