#1SEE THE ADVANTAGE > FACTSET FactSet Earnings Call Third Quarter Fiscal 2021 FACTSET > SEE THE ADVANTAGE June 29, 2021 Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#2Forward-Looking Statements and Non-GAAP Measures This presentation may contain forward looking statements reflecting management's current expectations based on currently available information. Actual results may differ materially from what is expressed or forecast in such forward-looking statements. More information about factors that could affect FactSet's business and financial results are in FactSet's filings with the SEC, including its most recent 8-K, 10-K and 10-Q. FactSet undertakes no obligation to publicly update any forward- looking statements as a result of new information, future events, or otherwise. In addition, this presentation and oral statements made in connection with this presentation reference non-GAAP financial measures, such as ASV, organic revenue, adjusted operating metrics, adjusted diluted EPS and free cash flow. The use of these non-GAAP measures are limited as they include and/or do not include certain items not included and/or included in the most directly comparable GAAP measure. A reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is provided in the appendix to this presentation and in FactSet's earnings release issued on June 29, 2021, which are posted on www.factset.com under the Investor Relations section. FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 2#3Agenda 01 02 03 04 05 Welcome / Introductions Business Update Financial Overview Questions and Answers Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 3#4SEE THE ADVANTAGE > FACTSET Business Update FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#5Key Metrics - Third Quarter 2021 5.8% 1 ORGANIC ASV + PROFESSIONAL SERVICES Driven by improved sales of research and analytics solutions + FACTSET > SEE THE ADVANTAGE 31.6%² ADJUSTED OPERATING MARGIN 390 basis points lower YoY due to higher operating expenses + 2 $2.72 ADJUSTED DILUTED EPS 5% decline YoY from higher operating expenses offset by higher revenue 1 LTM organic growth rate based on May 31, 2021. Annual Subscription Value (ASV) at any given point in time represents the forward-looking revenues for the next twelve months from all subscription services currently supplied to clients and excludes professional services fees billed in the last 12 months, which are not subscription-based. Organic ASV excludes the effects of acquisitions and dispositions completed within the last 12 months, and foreign currency movements. Professional services are revenues derived from project-based consulting and implementation. 2 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 5#6Investment Plan is Yielding Results DIGITAL CONTENT TRANSFORMATION CLIENT EXPERIENCE Deep Sector Private Markets Wealth ESG 289 29 Open Platform API Program Public Cloud FACTSET > SEE THE ADVANTAGE Trusted Enterprise Partner Personalization Omni-Channel Building the leading open content and analytics platform Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 6#7Organic ASV + Professional Services Growth Rates* - By Global Segments $1.6B Organic ASV + Professional Services. $24M Pro Svcs -2% +5.8% FACTSET > SEE THE ADVANTAGE $436M EMEA +5% $988M AMERICAS +6% Organic ASV plus professional services growth rate is based on last twelve months as of May 31, 2021 $164M ASIAPAC +9% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 7#825 Years of Strong Returns FactSet 25 Year Total Return % Vs S&P 500 and S&P 400 FactSet S&P 400 S&P 500 '00 FACTSET > SEE THE ADVANTAGE '05 10 num 15 FactSet Cumulative Total Return: 9215.59% S&P Mid Cap 400 Cumulative Total Return: 1534.44% S&P 500 Cumulative Total Return: 902.14% имир ¹20 wh 12,000 10,000 9215.59 8,000 6,000 -4,000 -2,000 1534.44 902.14 0 - -2,000 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 8#9SEE THE ADVANTAGE > FACTSET Financial Overview FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#10Third Quarter 2021 Financial Results* (in thousands, except per share data) 6.8% GAAP Revenues 05/31/21 $399,558 05/31/20 $374,083 0.5% GAAP Net Income 05/31/21 $100,679 05/31/20 $101,216 5.9% Organic Revenues 05/31/21 $397,443 05/31/20 $375,252 4.8% Adjusted Net Income 05/31/21 $104,810 05/31/20 $110,085 * Please see Appendix for a reconciliation of non-GAAP metrics to GAAP metrics FACTSET > SEE THE ADVANTAGE 3.2% GAAP Operating Income 05/31/21 $117,702 05/31/20 $121,640 0.4% GAAP Diluted EPS 05/31/21 $2.62 05/31/20 $2.63 5.2% Adjusted Operating Income 05/31/21 $126,465 05/31/20 $133,380 4.9% Adjusted Diluted EPS 05/31/21 $2.72 05/31/20 $2.86 300bps GAAP Operating Margin 05/31/21 29.5% 05/31/20 32.5% 13.1% Free Cash Flow 05/31/21 $121,657 05/31/20 $139,943 390bps Adjusted Operating Margin 05/31/21 31.6% 05/31/20 35.5% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 10#11Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months. = No change versus 2020 | Q3 91% CLIENT RETENTION Percentage of clients retained over the last twelve months. 200bps higher versus 2020 | Q3 FACTSET > SEE THE ADVANTAGE 155,004 USER COUNT Number of individuals accessing FactSet's solutions. 11% change since 2020 | Q3 6.172 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 7% change since 2020 | Q3 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 11#12Returning Capital to Shareholders (in millions except share price) $357 $74 ¹16 $157.16 FACTSET > SEE THE ADVANTAGE $162.62 $261 $81 '17 Cash Dividends * Includes shares repurchased from employee stock options for 2016 and 2017 $304 $89 '18 $197.06 Share Repurchases $220 $100 '19 $241.08 $270.10 $201 $110 '20 Avg. Share Price $330.49 $201 $116 Q3 '21 LTM Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 12#13Business Outlook - Fiscal 20211 The Business Outlook - Fiscal 2021 shown here is a forward-looking statement. Given the risk factors, uncertainties and assumptions, particularly the ongoing uncertainty surrounding the duration, magnitude and impact of the novel coronavirus pandemic, FactSet's actual future results may differ materially from these expectations. Investors should review the Company's cautionary statements and risk factors referred to in this presentation. Revised Organic ASV + Professional Services Growth² FACTSET > SEE THE ADVANTAGE GAAP Revenues GAAP Operating Margin Adjusted Operating Margin³ Effective Tax Rate 1 FactSet's expectations as of June 29, 2021. Actual results may differ materially from expectations above. 2 Growth over fiscal 2020. 3 Please see Appendix for a reconciliation of these non-GAAP metrics to GAAP metrics. GAAP Diluted EPS Adjusted Diluted EPS³ Fiscal 2021 Outlook $85 - $95 million $1,570 - $1,585 million 29.5% - 30.5% 32.0% - 33.0% 15.0% - 16.5% $10.05 $10.45 $10.75 $11.15 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 13#14SEE THE ADVANTAGE > FACTSET Questions & Answers FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#15SEE THE ADVANTAGE > FACTSET Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#16Non-GAAP Reconciliations Organic Revenues (in thousands) (Unaudited) GAAP Revenues Deferred revenue fair value adjustment Adjusted revenues Acquired revenues Currency impact Organic Revenues FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED MAY 31 2021 $ 399,558 181 399,739 (1,030) (1,266) $ 397,443 2020 $ 374,083 1,169 375,252 $375,252 % Change 6.8% 6.5% 5.9% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 16#17Non-GAAP Reconciliations Adjusted Operating Income, Margin, Net Income (in thousands, except per share data) (Unaudited) GAAP Operating Income Intangible asset amortization Deferred revenue fair value adjustment Transformation costs Restructuring/ Severance Real estate charges Adjusted Operating Income Operating margin Adjusted Operating Margin GAAP Net Income Intangible asset amortization Deferred revenue fair value adjustment Transformation costs Restructuring/ Severance Real estate charges Other investment income Income tax items Adjusted Net Income FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED MAY 31 2021 $ 117,702 5,741 181 2,841 $ 126,465 29.5% 31.6% $ 100,679 4,746 150 2,349 (3,114) $ 104,810 2020 $ 121,640 5,107 1,169 4,630 161 673 $ 133,380 32.5% 35.5% $ 101,216 4,204 963 3,812 132 554 (62) (734) $ 110,085 % Change (3.2)% (5.2)% (0.5)% (4.8)% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 17#18Non-GAAP Reconciliations Adjusted Diluted EPS (in thousands, except per share data) (Unaudited) GAAP Diluted Earnings per Common Share Intangible asset amortization Deferred revenue fair value adjustment Transformation costs Restructuring/ Severance Real estate charges Other investment income Income tax items Adjusted Diluted earnings per Common Share Weighted Average Common Shares (Diluted) FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED MAY 31 2021 $ 2.62 0.12 0.00 0.06 (0.08) $2.72 38,488 2020 $ 2.63 0.11 0.03 0.10 0.00 0.02 0.00 (0.03) $2.86 38,481 % Change (0.4)% (4.9)% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 18#19Non-GAAP Reconciliations Free Cash Flow (in thousands) (Unaudited) Net Cash Provided by Operating Activities Capital Expenditures Free Cash Flow FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED MAY 31 2021 $ 140,313 $ (18,656) $ 121,657 2020 $ 150,953 (11,010) $ 139,943 % Change (13.1)% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 19#20Non-GAAP Reconciliations Business Outlook Operating Margin, Net Income and Diluted EPS (in millions, except per share data) FISCAL 2021 (FULL YEAR) GAAP Revenue GAAP operating income GAAP operating margin Intangible asset amortization Transformation costs Adjusted operating income Adjusted Operating Margin GAAP Net Income Intangible asset amortization Transformation costs Discrete tax items Adjusted Net Income GAAP Diluted Earnings per Common Share Intangible asset amortization Transformation costs Discrete tax items Adjusted Diluted earnings per Common Share FACTSET > SEE THE ADVANTAGE Low End of Range $1,585 $468 29.5% 25 14 $ 507 32.0% $386 21 12 (5) $415 $ 10.05 0.55 0.30 (0.15) $10.75 High End of Range $1,570 $479 30.5% 25 14 $ 518 33.0% $ 402 21 12 (5) $430 $ 10.45 0.55 0.30 (0.15) $11.15 Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 20#21SEE THE ADVANTAGE > FACTSET Thank you. FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.