FACTSET RESEARCH SYSTEMS INC (FDS) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that FACTSET RESEARCH SYSTEMS INC surfaced in its latest filing.

• Appointed new CEO, CFO, Chief People and Workforce Transformation Officer, and Chief Technology Officer in fiscal 2026.fiscal 2026
• Transition of the Chief Executive Officer in 2025.2025
• Identified a material weakness in internal control over financial reporting related to IT general controls supporting revenues, accounts receivable, and deferred revenues processes, previously disclosed in Form 10-K for fiscal year ended August 31, 2024.August 31, 2024
• Remediated the material weakness as of August 31, 2026.August 31, 2026
• The Financial Data Transparency Act of 2022 (FDTA) requires U.S. government agencies to identify standards for reporting financial products and transactions.2022
• The EU's DORA imposes operational resilience and cyber security obligations on financial market clients, who may pass obligations onto vendors.
• The UK is advancing legislation similar to DORA.
• Dinosaur Financial Group LLC et al. v. S&P Global, Inc. et al. class action filed March 4, 2022.March 4, 2022
• Court dismissed plaintiffs' copyright, breach of contract, and half of federal antitrust claims on July 14, 2023.July 14, 2023
• Court granted class certification of certain subscribers to CGS data on August 28, 2026.August 28, 2026
• Court vacated class certification order and scheduled additional briefing on September 10, 2026.September 10, 2026
• Two suppliers each represented more than 10% of total third-party content costs for fiscal 2026.fiscal 2026
• One supplier provides the majority of our cloud computing support.
• Approximately 39% of fiscal 2026 revenues relate to operations located outside the U.S.fiscal 2026
• Approximately 81% of employees are located in offices outside the U.S., including India and the Philippines.
• Ongoing military conflicts between Russia and Ukraine and in the Middle East.
• U.S. tariffs on imports from China, Canada, and many other foreign countries.
• Subject to the EU's General Data Protection Regulation.
• Subject to California's Consumer Privacy Act.
• Subject to Connecticut's Personal Data Privacy and Online Monitoring Act.
• Subject to China's Personal Information Protection Law.
• Subject to India's Digital Personal Data Protection Act.