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Factset Research Systems

NYSE: FDS · USD

Factset Research Systems returns on capital

Annual and trailing 12-month returns on invested capital, equity and assets.

%
Default 9.3% · Software · System & Application proxy

ROIC

% · Annual / TTM

18.47%
Nov 30, 2010 through May 31, 2026

ROCE

% · Annual / TTM

20.75%

ROIIC

% · Annual / TTM

—

Unavailable for FY 2026 Q3.

ROE

% · Annual / TTM

27.03%

ROA

% · Annual / TTM

13.27%

ROIC − WACC

Percentage points · Scenario

9.2 pp

Quarterly data

Factset Research Systems returns history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedROIC%ROCE%ROIIC%ROE%ROA%ROIC − WACCPercentage points
FY 2026 Q3May 31, 202618.47%20.75%—27.03%13.27%9.2 pp
FY 2026 Q2Feb 28, 202618.86%20.03%—28.08%13.89%9.6 pp
FY 2026 Q1Nov 30, 202519.43%20.6%18.27%28.83%14.5%10.1 pp
FY 2025 Q4Aug 31, 202520.41%20.87%11.48%29.13%14.28%11.1 pp
FY 2025 Q3May 31, 202518.83%19.44%6.24%26.35%12.72%9.5 pp
FY 2025 Q2Feb 28, 202518.88%19.4%16.31%28.12%13.18%9.6 pp
FY 2025 Q1Nov 30, 202419.58%20.09%27.86%29.17%13.47%10.3 pp
FY 2024 Q4Aug 31, 202420.42%20.43%152.74%30.41%13.4%11.1 pp
FY 2024 Q3May 31, 202419.26%19.8%-13.8%28.81%12.76%10 pp
FY 2024 Q2Feb 29, 202418.11%18.51%257.31%28.71%12.24%8.8 pp
FY 2024 Q1Nov 30, 202317.99%18.24%—30.23%12.11%8.7 pp
FY 2023 Q4Aug 31, 202317.96%17.84%—31.73%11.74%8.7 pp
FY 2023 Q3May 31, 202319.37%17.8%1,368.92%34.56%12.58%10.1 pp
FY 2023 Q2Feb 28, 202325.28%20.12%3.62%31.72%14.05%16 pp
FY 2023 Q1Nov 30, 202223.83%18.82%2.69%33.12%13.67%14.5 pp
FY 2022 Q4Aug 31, 202222.88%17.34%1.07%33.81%12.72%13.6 pp
FY 2022 Q3May 31, 202221.53%16.54%0.72%34.24%12.52%12.2 pp
FY 2022 Q2Feb 28, 202243.32%24.31%49.37%38.18%18.48%34 pp
FY 2022 Q1Nov 30, 202142.01%24.69%80.33%39.58%18.65%32.7 pp
FY 2021 Q4Aug 31, 202145.16%25.51%88.73%41.78%18.55%35.9 pp
FY 2021 Q3May 31, 202142.51%24.93%20.76%42.49%18.61%33.2 pp
FY 2021 Q2Feb 28, 202141.52%26.19%332.84%45.74%19.45%32.2 pp
FY 2021 Q1Nov 30, 202040.88%26.12%31.95%46.24%19.69%31.6 pp
FY 2020 Q4Aug 31, 202043.33%27.93%—47.55%20.47%34 pp
FY 2020 Q3May 31, 202042.64%29.97%851.83%51.87%21.7%33.3 pp
FY 2020 Q2Feb 29, 202039.81%31.28%—55.68%22.25%30.5 pp
FY 2020 Q1Nov 30, 201940.07%32.62%—58.79%23.17%30.8 pp
FY 2019 Q4Aug 31, 201941.18%34.5%—58.89%23.68%31.9 pp
FY 2019 Q3May 31, 201938.23%32.8%1,020.45%55.49%22.62%28.9 pp
FY 2019 Q2Feb 28, 201934.24%30.63%2,447.65%51.6%21.28%24.9 pp
FY 2019 Q1Nov 30, 201830.62%30.48%—48.47%20.1%21.3 pp
FY 2018 Q4Aug 31, 201830.35%30.38%—49.21%18.86%21 pp
FY 2018 Q3May 31, 201829.07%30.21%—48.51%18.65%19.8 pp
FY 2018 Q2Feb 28, 201830.99%32.35%-3.04%44.96%19.61%21.7 pp
FY 2018 Q1Nov 30, 201732.53%32.21%2.49%47.01%21.16%23.2 pp
FY 2017 Q4Aug 31, 201734.55%33.97%2.03%47.96%21.23%25.3 pp
FY 2017 Q3May 31, 201733.07%34.7%2.48%64.04%28.62%23.8 pp
FY 2017 Q2Feb 28, 201738.61%40.16%36.02%66.59%33.06%29.3 pp
FY 2017 Q1Nov 30, 201638.49%39.21%173.09%65.51%33.47%29.2 pp
FY 2016 Q4Aug 31, 201651.57%47.97%9.53%64.6%38.59%42.3 pp
FY 2016 Q3May 31, 201648.23%47.05%9.68%47.71%29.05%38.9 pp
FY 2016 Q2Feb 29, 201645.3%46.77%12.33%46.97%29.03%36 pp
FY 2016 Q1Nov 30, 2015—47.91%—46.28%29.46%—
FY 2015 Q4Aug 31, 201559.75%58.6%224.05%46.24%34.44%50.5 pp
FY 2015 Q3May 31, 2015—57.45%—44.72%33.76%—
FY 2015 Q2Feb 28, 2015—55.33%—42.88%32.91%—
FY 2015 Q1Nov 30, 2014—55.98%—41.06%32.67%—
FY 2014 Q4Aug 31, 2014—54.56%—40.18%31.26%—
FY 2014 Q3May 31, 2014—50.12%—37.03%29.69%—
FY 2014 Q2Feb 28, 2014—52.14%—39.24%31.56%—
FY 2014 Q1Nov 30, 2013—45.9%—35.49%29.07%—
FY 2013 Q4Aug 31, 2013—46.74%—36.31%28.7%—
FY 2013 Q3May 31, 2013—44.24%—33.72%27.45%—
FY 2013 Q2Feb 28, 2013—46.39%—34.98%28.61%—
FY 2013 Q1Nov 30, 2012—46.82%—34.38%28.07%—
FY 2012 Q4Aug 31, 2012—48.36%—35.38%27.94%—
FY 2012 Q3May 31, 2012—44.46%—32.5%26.27%—
FY 2012 Q2Feb 29, 2012—43.73%—32.02%26.21%—
FY 2012 Q1Nov 30, 2011—43.02%—32.44%26.46%—
FY 2011 Q4Aug 31, 2011——————
FY 2011 Q3May 31, 2011——————
FY 2011 Q2Feb 28, 2011——————
FY 2011 Q1Nov 30, 2010——————
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 9.3%, rounded from the Software · System & Application benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.

Market prices: Yahoo Finance · FDS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

ROIC
NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
ROCE
Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
ROIIC
Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
ROE
Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
ROA
Net income / average total assets × 100, using period end and one year earlier.
ROIC − WACC
ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.