#1SEE THE ADVANTAGE > FACTSET FactSet Earnings Call Second Quarter Fiscal 2021 FACTSET > SEE THE ADVANTAGE March 30, 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 March 30, 2021, which are posted on 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.#4SEE THE ADVANTAGE > FACTSET Business Update FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#5FactSet is well positioned to meet evolving client needs and market dynamics Overall trends Shift from active to passive products • Increased adoption of analytics Wealth market is seeing increased sophistication around retail investment ● ● Clients ● Clients seeking integrated end to end solutions Clients are moving to multiple asset classes Unique data sets are seen as key to driving "Alpha" FACTSET > SEE THE ADVANTAGE ..... Key Trends Technology ● The industry is accelerating the move onto cloud ● Increasing demand for open ecosystems and flexible APIs Need for new digital solutions enabling self service and automation Virtual workplace Need for more collaborative tools Increased demand for personalized and scalable solutions Frictionless deployment of data and technology Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 5#6Key Metrics - Second Quarter 2021 1 5.5% ¹ ORGANIC ASV + PROFESSIONAL SERVICES Driven by improved sales of research and CTS solutions + FACTSET > SEE THE ADVANTAGE 32.6%² ADJUSTED OPERATING MARGIN 80 basis points higher Yo Y due to improved operating results + 2 $2.72 ADJUSTED DILUTED EPS 7% growth YoY from higher operating results 1 LTM organic growth rate based on February 28, 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, dispositions and foreign currency. 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. 6#7Organic ASV + Professional Services Growth Rates* - By Global Segments. $1.6B Organic ASV + Professional Services $25M Pro Svcs +2% +5.5% FACTSET > SEE THE ADVANTAGE $427M ΕΜΕΑ +4% $980M AMERICAS +6% *Organic ASV plus professional services growth rate is based on last twelve months as of February 28, 2021 $160M ASIAPAC +9% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 7#8SEE THE ADVANTAGE > FACTSET Financial Overview FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#9Second Quarter 2021 Financial Results* (in thousands, except per share data) 6.0% GAAP Revenues 02/28/21 $391,788 02/29/20 $369,780 9.0% GAAP Net Income 02/28/21 $96,643 02/29/20 $88,686 4.9% Organic Revenues 02/28/21 $389,167 02/29/20 $370,968 6.8% Adjusted Net Income 02/28/21 $105,080 02/29/20 $98,348 * Please see Appendix for a reconciliation of non-GAAP metrics to GAAP metrics FACTSET > SEE THE ADVANTAGE 9.3% GAAP Operating Income 02/28/21 $116,133 02/29/20 $106,257 8.7% GAAP Diluted EPS 02/28/21 $2.50 02/29/20 $2.30 8.4% Adjusted Operating Income 02/28/21 $127,843 02/29/20 $117,922 6.7% Adjusted Diluted EPS 02/28/21 $2.72 02/29/20 $2.55 90bps GAAP Operating Margin 02/28/21 29.6% 02/29/20 28.7% 74.7% Free Cash Flow 02/28/21 $130,234 02/29/20 $74,550 80bps Adjusted Operating Margin 02/28/21 32.6% 02/29/20 31.8% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 9#10Key Operational Metrics >95% ASV RETENTION ASV retained from clients over the last twelve months. = No change versus 2020 | Q2 90% CLIENT RETENTION Percentage of clients retained over the last twelve months. 153,355* USER COUNT Number of individuals accessing FactSet's solutions. 12% change since 2020 | Q2 6.103 CLIENT COUNT Companies subscribing to FactSet services with an ASV greater than $10,000. 100bps higher versus 2020 | Q2 7% change since 2020 | Q2 * FactSet changed the methodology for its user count. FactSet now includes users across all its products including workstations, StreetAccount and other workflow solutions. Revised historical user counts have been provided in the earnings release issued March 30, 2021. FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 10#11Returning Capital to Shareholders (in millions except share price) $357 $74 '16 -$157.16 FACTSET > SEE THE ADVANTAGE $261 $81 $162.62 '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 $200 $110 '20 Avg. Share Price $316.20 $156 $114 Q2 '21 LTM Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 11#12Business 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 Growth ² FACTSET > SEE THE ADVANTAGE GAAP Revenues GAAP Operating Margin Adjusted Operating Margin³ Effective Tax Rate GAAP Diluted EPS Adjusted Diluted EPS³ ¹ FactSet's expectations as of March 30, 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. Fiscal 2021 Outlook $70 $85 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. 12#13SEE THE ADVANTAGE > FACTSET Questions & Answers FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#14SEE THE ADVANTAGE > FACTSET Appendix FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.#15Non-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 FEBRUARY 28/29 2021 $ 391,788 181 391,969 (1,175) (1,627) $ 389,167 2020 $369,780 1,188 370,968 $ 370,968 % Change 6.0% 4.9% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 15#16Non-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 Non-core investment charge Income tax items. Adjusted Net Income FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED FEBRUARY 28/29 2021 % Change $ 116,133 9.3% 5,914 181 4,654 961 $ 127,843. 29.6% 32.6% $ 96,643 4,843 148 3,813 787 (1,154) $ 105,080 2020 $ 106,257 5,143 1,188 4,684 (418) 1,068 $ 117,922 28.7% 31.8% $ 88,686 4,183 966 4,138 (369) 943 (199) $ 98,348 8,4% 9.0% 6.8% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 16#17Non-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 Non-core investment charge Income tax items Adjusted Diluted earnings per Common Share Weighted Average Common Shares (Diluted) FACTSET > SEE THE ADVANTAGE FOR THE THREE MONTHS ENDED FEBRUARY 28/29 2021 $2.50 0.13 0.00 0.10 0.02 (0.03) $2.72 38,620 2020 $ 2.30 0.11 0.03 0.10 (0.01) 0.02 0.00 $ 2.55 38,576 % Change 8.7% 6.7% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 17#18Non-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 FEBRUARY 28/29 2021 $ 140,659 $ (10,425) $ 130,234 2020 $ 99,669 (25,119) $74,550 % Change 74.7% Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 18#19Non-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. 19#20SEE THE ADVANTAGE > FACTSET Thank you. FACTSET > SEE THE ADVANTAGE Copyright © 2021 FactSet Research Systems Inc. All rights reserved.