FactSet Research Systems (FDS) Cash Flow: Operating & Free Cash Flow

FactSet Research Systems (FDS) Cash Flow Statement

In fiscal 2026 (fiscal year ended Aug 31, 2026), FactSet Research Systems generated $822.20M of operating cash flow and spent $114.72M on capital expenditures. That left free cash flow of $707.48M, up 14.6% from $617.45M a year earlier, or 28.6% of revenue. It returned $808.14M to shareholders through $164.18M in dividends and $643.96M in share buybacks.

FactSet Research Systems Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for FactSet Research Systems Inc. (FDS) - Annual data in billions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Aug 2026	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017
Operating Activities
Net Income	0.53	0.60	0.54	0.47	0.40	0.40	0.37	0.35	0.27	0.26
Depreciation & Amortization	0.21	0.19	0.16	0.14	0.13	0.11	0.06	0.06	0.06	0.05
Deferred Income Tax	-0.01	0.00	-0.03	-0.03	-0.01	0.00	0.01	0.00	0.00	0.00
Stock Based Compensation	0.08	0.06	0.06	0.06	0.06	0.05	0.04	0.03	0.03	0.03
Change in Working Capital	-0.01	-0.11	-0.03	-0.03	-0.08	0.01	0.03	-0.02	0.03	-0.02
Change in Accounts Receivable	-0.04	-0.04	0.00	-0.04	-0.03	0.00	-0.01	0.01	-0.01	-0.03
Change in Inventory	0.00	0.00	0.00	0.01	0.00	0.00	-0.02	-0.02	0.02	0.00
Change in Accounts Payable	0.00	-0.06	0.00	0.05	0.01	0.00	0.01	0.00	0.01	0.00
Change in Other Working Capital	0.03	0.00	-0.03	0.04	-0.05	-0.04	0.05	-0.01	0.01	0.02
Other Operating Activities	0.02	-0.01	0.00	0.04	0.04	-0.01	0.00	0.00	0.00	-0.01
Net Cash from Operating Activities	0.82	0.73	0.70	0.65	0.54	0.56	0.51	0.43	0.39	0.32
Investing Activities
Capital Expenditures	-0.11	-0.11	-0.09	-0.06	-0.05	-0.06	-0.08	-0.06	-0.03	-0.04
Acquisitions	0.00	-0.35	0.00	-0.02	-1.98	-0.06	0.00	0.00	-0.02	-0.30
Purchases of Investments	-0.05	-0.02	0.00	-0.01	0.00	-0.02	0.00	-0.01	-0.01	0.00
Sales/Maturities of Investments	0.04	0.08	0.00	0.10	1.98	0.00	0.01	0.01	0.01	0.00
Other Investing Activities	0.00	0.00	-0.06	-0.10	-1.98	0.00	0.00	0.00	0.00	-0.01
Net Cash from Investing Activities	-0.13	-0.39	-0.14	-0.10	-2.03	-0.14	-0.07	-0.06	-0.05	-0.35
Financing Activities
Debt Repayment	0.00	0.00	-0.25	-0.38	-0.83	0.00	0.00	0.00	0.00	0.28
Common Stock Issued	0.03	0.01	0.00	0.00	0.09	0.06	0.00	0.00	0.00	0.00
Common Stock Repurchased	-0.64	-0.30	-0.24	-0.18	-0.02	-0.26	-0.20	-0.22	-0.30	-0.26
Dividends Paid	-0.16	-0.16	-0.15	-0.14	-0.13	-0.12	-0.11	-0.10	-0.09	-0.08
Other Financing Activities	-0.02	0.04	0.08	-0.01	-0.02	0.00	0.09	0.11	0.07	0.06
Net Cash from Financing Activities	-0.80	-0.41	-0.56	-0.63	1.34	-0.32	-0.22	-0.21	-0.32	-0.01
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	-0.02	0.00	0.01	-0.01	0.00	0.00
Net Change in Cash	-0.11	-0.07	0.00	-0.08	-0.18	0.10	0.23	0.15	0.01	-0.03
Cash at Beginning of Period	0.35	0.42	0.43	0.50	0.68	0.59	0.36	0.21	0.19	0.23
Cash at End of Period	0.24	0.35	0.42	0.43	0.50	0.68	0.59	0.36	0.21	0.19
Free Cash Flow	0.71	0.62	0.61	0.58	0.49	0.49	0.43	0.37	0.35	0.28
Supplemental Disclosures
Interest Paid	-	0.05	0.07	0.08	0.03	0.01	-	-	-	-
Income Taxes Paid	-	0.10	0.16	0.09	0.08	0.05	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About FactSet Research Systems Cash Flow

What is FactSet Research Systems's free cash flow?

FactSet Research Systems generated free cash flow of $707.48M in fiscal 2026 (fiscal year ended Aug 31, 2026), operating cash flow of $822.20M minus $114.72M of capital expenditures. That was up 14.6% from $617.45M a year earlier. Free cash flow equaled 28.6% of revenue.

How much does FactSet Research Systems spend on capital expenditures?

FactSet Research Systems spent $114.72M on capital expenditures in fiscal 2026, compared with $108.81M a year earlier. That equals 14.0% of operating cash flow.

Does FactSet Research Systems pay dividends or buy back shares?

Yes. In fiscal 2026 FactSet Research Systems returned $164.18M in dividends and $643.96M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition