Segment Information

6 Months Ended

Feb. 28, 2021

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

Operating segments are defined as components of an enterprise that have the following characteristics: (i) it engages in business activities from which it may earn revenue and incur expense, (ii) its operating results are regularly reviewed by the company's chief operating decision maker ("CODM") for resource allocation decisions and performance assessment, and (iii) its discrete financial information is available. The Company's Chief Executive Officer functions as FactSet's CODM.

The Company’s operating segments are aligned with how the Company, including its CODM, manages the business and the geographic markets in which it serves, with a primary focus on providing integrated global financial and economic information. The Company’s internal financial reporting structure is based on three segments: the Americas, EMEA and Asia Pacific. Within each of the segments, the Company primarily delivers insight and information through four workflow solutions including Research, Analytics and Trading, CTS and Wealth. These workflow solutions provide global financial and economic information to investment managers, investment banks and other financial services professionals.

The Americas segment serves our clients throughout North, Central, and South America. The EMEA segment serves our clients in countries in Europe, the Middle East, and Africa. The Asia Pacific segment serves our clients in countries in Asia and Australia. Segment revenue reflects sales to clients based in these respective geographic locations.

Each segment records compensation expense (including stock-based compensation), amortization of intangible assets, depreciation of furniture and fixtures, amortization of leasehold improvements, communication costs, professional fees, rent expense, travel, office and other direct expenses. Expenditures associated with the Company’s data centers, third-party data costs and corporate headquarters charges are recorded by the Americas segment and are not allocated to the other segments. The content collection centers, located in India, the Philippines, and Latvia, benefit all the Company’s operating segments, and thus the expenses incurred at these locations are allocated to each segment based on a percentage of revenue.

The following tables reflect the results of operations of the Company's segments as of February 28, 2021 and February 29, 2020:

(in thousands)	Americas		EMEA		Asia Pacific		Total
For the three months ended February 28, 2021
Revenue	$	247,991	$	105,493	$	38,304	$	391,788
Operating income	$	53,614	$	40,290	$	22,229	$	116,133
Capital expenditures	$	8,219	$	314	$	1,892	$	10,425
(in thousands)
For the three months ended February 29, 2020
Revenue	$	232,731	$	102,105	$	34,944	$	369,780
Operating income	$	41,310	$	42,664	$	22,283	$	106,257
Capital expenditures	$	15,050	$	349	$	9,720	$	25,119
(in thousands)
For the six months ended February 28, 2021	Americas		EMEA		Asia Pacific		Total
Revenue	$	492,327	$	211,270	$	76,396	$	779,993
Operating income	$	109,989	$	80,924	$	46,250	$	237,163
Capital expenditures	$	17,779	$	633	$	10,346	$	28,758
(in thousands)
For the six months ended February 29, 2020	Americas		EMEA		Asia Pacific		Total
Revenue	$	464,061	$	202,935	$	69,442	$	736,438
Operating income	$	90,933	$	83,882	$	44,628	$	219,443
Capital expenditures	$	39,074	$	1,517	$	11,308	$	51,899

The following table reflects the total assets for the Company's segments:

Segment Assets (in thousands)	February 28, 2021		August 31, 2020
Americas	$	1,094,064	$	1,111,600
EMEA	840,679		757,524
Asia Pacific	228,764		214,264
Total assets	$	2,163,507	$	2,083,388