2019 ANNUAL REPORT | 01 Our Lines of Business and Global Segments

ANNUAL 2019 REPORT WWW.FACTSET.COM Driving the investment community to see more, think bigger, and do their best work. BUILDING UPON OUR WINNING STRATEGY OF INVESTING FOR GROWTH. Dear Stockholders, I am proud of our team for delivering solid growth in fiscal year 2019 in the midst of a shifting environment. Our consistent execution is grounded in our proven ability to innovate and pivot when necessary, focusing our investments on our content, technology, and people. In fiscal 2019, we continued our impressive trajectory of 39 consecutive years of top-line growth, 23 consecutive years of adjusted diluted EPS growth, and 14 consecutive years of dividend increases. We exercised prudent discretionary expense management, increased workforce productivity, and made important operational improvements to enhance our infrastructure, resulting in improved operating margins. And we successfully launched a number of new products that have garnered excitement and momentum as we head into 2020. FactSet grew globally across its regions of Americas, EMEA, and AsiaPac, with AsiaPac continuing to increase by double-digits in 2019. Our performance in 2019 saw year-over- year growth in all four of our workflow solutions: Analytics, Research, Content & Technology Solutions (CTS), and Wealth. Growth in Analytics was driven by our flagship portfolio analytics suite and our enterprise risk solutions, and we are encouraged by the ramp-up of newer products such as our APIs and Portfolio Management Platform. In Research, we launched our U.S. banks, deep sector content—the first of many in our deep sector content strategy —and expanded datasets within the workstation. 39 23 14 Consecutive years of Consecutive years Consecutive years of top-line growth of adjusted diluted dividend increases EPS growth 2019 ANNUAL REPORT | 01 Our Lines of Business and Global Segments WEALTH: $151M (10% OF ASV) GROWTH RATE: 10% CTS: $170M (12% OF ASV) GROWTH RATE: 15% ORGANIC GROWTH RATE 5.1% 1. 4 8 B TOTAL ASV + PROF SERVICES ANALYTICS: $522M (35% OF ASV) GROWTH RATE: 7% RESEARCH: $640M (43% OF ASV) GROWTH RATE: 1% 02 | FACTSET RESEARCH SYSTEMS INC. PROFESSIONAL SERVICES: $23M ASIAPAC: $145M GROWTH RATE: 11% ASV BREAKDOWN BY REGION AMERICAS: $910M GROWTH RATE: 4% EMEA: $404M GROWTH RATE: 5% 2019 ANNUAL REPORT | 03 We offer smarter, connected datasets and portfolio analytics alongside industry-leading customer service that truly sets us apart. We saw double-digit growth in our workstations among banking, corporate, and private equity clients and higher growth for Research overall. Growth in CTS was driven by demand for our core and premium data feeds. We see an explosion of data in our industry, and our ability to help clients build and execute quantitative and data-driven strategies in their search for alpha gives us a demonstrable edge. Finally, our Wealth business achieved double-digit growth this year, which is a testament to our team’s ability to leverage our digital capabilities and scale our offering both to deepen existing client relationships and add new users. We are encouraged by our long runway and the robust pipeline of opportunities ahead, and we believe that we will continue to expand our market share in the wealth space. Our clients today are dealing with a rapidly changing landscape. Many face mounting cost pressures as the industry grapples with the increased volume and complexity of unstructured data. Clients are pursuing their own technology transformations as they seek to gain efficiencies, uncover fresh perspectives, and move to more complex and global asset classes in the hunt for alpha. FactSet plays a key role in this environment. Our streamlined solutions provide clients with the tools they need to both drive efficiency and unlock value. We offer smarter, connected datasets and portfolio analytics alongside industry-leading customer service that truly sets us apart. Moreover, we believe that the future of our industry lies in open technology that offers our clients the flexibility they need and want to pursue their investment goals. FactSet is quickly taking steps to become an increasingly open platform that offers more APIs, unique and personalized insights driven by new data, and faster speed-to-market for clients. 04 | FACTSET RESEARCH SYSTEMS INC. FACTSET’S COMMITMENTS EXPAND THE SHARE CREATE NEW UNIVERSE OF INTELLIGENCE WAYS TO UNCOVER KNOWLEDGE HOW, WHERE, AND WHAT’S POSSIBLE, THAT CLIENTS WHEN CLIENTS TOGETHER TRUST WANT IT Importantly, we also recognize—and are prepared for—the continued evolution and coinciding challenges our industry will face. Our plans are already in place to make appropriate investments to improve our offering and champion critical trends in order to remain ahead of the curve. Over the next three years, we plan to accelerate our investments to increase the breadth and depth of our content and enhance our technology—with the goal of driving higher top-line growth at scale—while also implementing further cost reductions and increasing productivity to support that scale. More specifically, we expect to focus our investments in content to expand and increasingly monetize deep sector data across more industries, build a robust private company dataset, and enhance our wealth-focused content. Within technology, we plan to accelerate our API program to accommodate the modularity that clients seek, leverage machine learning and artificial intelligence to create smarter and more personalized content, and move to the public cloud, which over time will improve both internal and client efficiencies, as well as our speed-to-market. We continue to integrate the range of our solutions across the entire investment portfolio lifecycle, which should be further enhanced and strengthened by the content and technology investments we are making. These initiatives would not be possible without the collective efforts of the talented people at FactSet, who work every day to help our clients see more, think bigger, and do their best work. We are committed to supporting our team and growing our worldview through continued Diversity and Inclusion efforts and, as always, we will continue to prioritize our people. 2019 ANNUAL REPORT | 05 NUMBER OF EMPLOYEES WHO VOLUNTEERED IN FY19 VS. FY18 2x VOLUNTEER ROLES FULFILLED 5K+ VOLUNTEER EVENTS HELD GLOBALLY 475 CSR COMMITTEES OPERATING IN 16 COUNTRIES 26 VOLUNTEER HOURS SERVED GLOBALLY ˜16K 06 | FACTSET RESEARCH SYSTEMS INC. Our employees have always maintained a passion for making an impact on both the business and our communities, and this year was no different. In 2019, we marked the launch of our first-ever employee-led and company-sponsored Business Resource Groups, focused on empowering professional development, furthering BUSINESS RESOURCE GROUPS recruitment and retention, and fostering an inclusive culture of community throughout our organization. These groups are organized around common dimensions of diversity and develop programs and activities to facilitate increased awareness, networking, education, and mentorship. We are tremendously excited about the future of this initiative as a part of FactSet’s commitment to Diversity and Inclusion. Our employees have always maintained a passion for making an impact on both the business and our communities, and this year was no different. Twice as many employees in 2019 volunteered at least once compared to the prior year, contributing nearly 16,000 hours served across 475 volunteer events. It gives me great pride to see our team’s commitment to impact extend outside of the office, and I thank all FactSetters who participated in this important work. In 2019, we continued our long history of steady growth, which we have been able to maintain due to our relentless dedication to innovation, our outstanding team, and our uncompromising commitment to expand the universe of knowledge that clients trust. Our ability to surface insights and share intelligence how, when, and where clients want it will continue to set us apart. Our content and technology will help them discover new ideas, uncover efficiencies, and ultimately drive results. As we look to the future, we are confident that our offering across the entire investment portfolio lifecycle, as well as our open and flexible platform, will continue to resonate in the marketplace. As we enter 2020, we are encouraged that the investments we are making today from a position of strength will help us extend our industry leadership and, in doing so, create greater long-term value for all of our stakeholders. We believe we will continue to win market share by doing what we do best—rolling up our sleeves, nimbly and thoughtfully building upon our winning strategy for growth, and empowering our team to drive market-leading results. We are excited about the opportunity in front of us, and we thank you for your continued commitment to the future of FactSet. Phil Snow Chief Executive Officer, FactSet 2019 ANNUAL REPORT | 07 THIS PAGE INTENTIONALLY LEFT BLANK. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ց Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended August 31, 2019 տ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 1-11869 FACTSET RESEARCH SYSTEMS INC. (Exact name of Registrant as specified in its charter) Delaware 13-3362547 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 601 Merritt 7, Norwalk, Connecticut 06851 (Address of principal executive office, including zip code) Registrant’s telephone number, including area code: (203) 810-1000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbols(s) Name of each exchange on which registered Common Stock, $0.01 Par Value FDS New York Stock Exchange NASDAQ Global Select Market Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

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