---
title: "FactSet: Business Model & Revenue Engine"
description: "FactSet revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/factset/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# FactSet: Business Model & Revenue Engine

## Direct Answer

FactSet reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Americas is the largest, with $1.5 billion of revenue (65% of the total), followed by EMEA at $580 million (25%). 61% of revenue came from the United States.

## How Does FactSet Make Money?

Americas supplies 65% of revenue, so FactSet's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Asia Pacific grew fastest (+7.0%) and EMEA slowest (+3.0%), so the revenue mix tilts toward Asia Pacific while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Americas | $1.5 billion | $1.4 billion | 64.9% | 6.1% |
| EMEA | $580 million | $563 million | 25.0% | 3.0% |
| Asia Pacific | $235 million | $220 million | 10.1% | 7.0% |

![Bar chart of FactSet revenue by segment for fiscal 2025: Americas 64.9%, EMEA 25.0%, Asia Pacific 10.1%.](https://www.getswoopr.com/images/charts/factset-business-model-segment-mix.webp)
*FactSet revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## Which FactSet Segments Earn the Most?

| Segment | FY2025 segment operating income | Segment margin |
| --- | --- | --- |
| Americas | $306 million | 20.3% |
| EMEA | $274 million | 47.2% |
| Asia Pacific | $168 million | 71.5% |

Segment operating income is the profit measure FactSet reports to its chief operating decision maker for each segment. It usually leaves out corporate costs that are not allocated to a segment, so the segments usually add up to more than consolidated operating income, and margins are comparable within FactSet more safely than against another company.

## Where Does FactSet's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $1.4 billion | $1.3 billion | 61.0% | 5.6% |
| All Other EMEA Countries | $349 million | $341 million | 15.0% | 2.3% |
| Other countries | $326 million | $300 million | 14.0% | 8.7% |
| United Kingdom | $231 million | $222 million | 9.9% | 4.1% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of FactSet's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value FactSet reported in the segment note and revenue disclosures of its Form 10-K filed October 22, 2025 (accession 0001628280-25-045769), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are FactSet's business segments?

In its fiscal 2025 Form 10-K, FactSet reports revenue for Americas, EMEA and Asia Pacific.

### Which part of FactSet brings in the most revenue?

Americas, with $1.5 billion of revenue in fiscal 2025, or 65% of the total.

### How much of FactSet's revenue comes from outside the United States?

39% in fiscal 2025, by the geographic breakdown FactSet reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: FACTSET RESEARCH SYSTEMS INC Form 10-K filed October 22, 2025](https://www.sec.gov/Archives/edgar/data/1013237/000162828025045769/fds-20250831.htm)
- [SEC EDGAR: FACTSET RESEARCH SYSTEMS INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1013237&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [FactSet company dossier](https://www.getswoopr.com/stocks/companies/factset/)
- [FactSet financial metrics](https://www.getswoopr.com/stocks/companies/factset/metrics/)
- [FactSet financial risk indicators](https://www.getswoopr.com/stocks/companies/factset/risks/)
- [FactSet peer comparison](https://www.getswoopr.com/stocks/companies/factset/competitors/)
- [FactSet business model and revenue mix](https://www.getswoopr.com/stocks/companies/factset/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

**[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)**

Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).