FactSet set a fiscal 2029 plan that pairs an organic revenue growth target of about 6% a year with goals for earnings, margins and cash generation, giving investors several measures of its medium-term performance ambitions.
At its Nov. 10 Investor Day, the financial data and analytics company outlined compound annual growth rate (CAGR) targets through fiscal 2029 of about 6% for organic revenue and about 10% for adjusted diluted earnings per share (EPS). It also aims to reach an adjusted operating margin of at least 36% by that fiscal year.
FactSet expects free cash flow conversion to average more than 90% of adjusted net income. In the ratio, free cash flow is the numerator and adjusted net income the denominator. The targets place growth, profitability and cash generation alongside one another in the company’s longer-term outlook.
The company reaffirmed its fiscal 2027 forecast, including revenue of $2.600 billion to $2.625 billion, adjusted diluted EPS of $19.25 to $19.65, and an adjusted operating margin of 34.75% to 35.25%. Those figures provide nearer-term reference points alongside the fiscal 2029 goals.
FactSet’s Investor Day presentation identified growth in markets and expanded client relationships as drivers of revenue. It cited operating leverage and productivity initiatives as margin drivers. The company said it plans to use free cash flow for growth investment and capital returns, and described the outlook as an opportunity to create value.
