FactSet Research Systems Inc. reported its financial results for the third quarter of fiscal 2025, with GAAP revenues reaching $585.5 million, an increase of 5.9% compared to the same period in 2024. Organic revenues also saw a rise to $577.2 million, marking a 4.4% increase year-over-year. However, the company experienced a decrease in GAAP operating income, which fell by 4.1% to $194.2 million, while adjusted operating income slightly decreased by 1.2% to $215.3 million. The GAAP operating margin was 33.2%, down from 36.6% the previous year, and the adjusted operating margin stood at 36.8%, compared to 39.4% a year earlier. FactSet's net income for the quarter was $148.5 million, a decrease of 6.1% from the prior year, and adjusted net income declined by 2.9% to $163.9 million. EBITDA was reported at $235.9 million, down 1.7%. The company's GAAP diluted EPS was $3.87, reflecting a 5.4% decrease, while the adjusted diluted EPS fell by 2.3% to $4.27. Looking ahead, FactSet reaffirmed its fiscal 2025 guidance, with CFO Helen Shan highlighting the company's focus on strategic investments and meeting full-year targets. Additionally, FactSet announced a leadership transition, appointing Sanoke Viswanathan as CEO, effective early September 2025, succeeding Phil Snow who will retire but continue as a senior advisor through the end of the year.