0001013237-24-000141 | 10-K | XBRL Viewer | Factset Research Systems INC

ACQUISITIONS

12 Months Ended

Aug. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Our acquisitions with the most significant cash flows during fiscal 2022 through fiscal 2024 included CGS and Cobalt Software, Inc. ("Cobalt"). Refer to Note 19, Subsequent Events for information on our proposed acquisition of Platform Group Limited (“Irwin”).

CUSIP Global Services

On March 1, 2022, we completed the acquisition of CGS for a cash purchase price of $1.932 billion, inclusive of working capital adjustments. CGS manages a database of 60 different data elements uniquely identifying more than 50 million global financial instruments. It is the foundation for security master files relied on by critical front, middle and back-office functions. CGS, operating on behalf of the American Bankers Association ("ABA"), is the exclusive issuer of Committee on Uniform Security Identification Procedures ("CUSIP") and CUSIP International Number System ("CINS") identifiers globally and also acts as the official numbering agency for International Securities Identification Number ("ISIN") identifiers in the United States and as a substitute number agency for more than 30 other countries. We acquired CGS to expand our critical role in the global capital markets. The CGS purchase price was in excess of the fair value of net assets acquired, resulting in the recognition of goodwill. We finalized the purchase accounting for the CGS acquisition during the fourth quarter of fiscal 2022 and did not record any material changes to the preliminary purchase price allocation.

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets(1)

29,728

Amortizable intangible assets

ABA business process

1,583,000

36 years

Straight-line

Client relationships

164,000

26 years

Straight-line

Acquired databases

46,000

15 years

Straight-line

Goodwill

214,970

Current liabilities(2)

(104,691)

Deferred revenues, long-term

(1,481)

Total purchase price

1,931,526

(1) Includes an accounts receivable balance of $29.5 million.

(2) Includes a deferred revenues balance of $99.4 million. The CGS acquisition was accounted for in accordance with ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers; as such, the deferred revenues did not include a fair value adjustment.

Goodwill totaling $215.0 million represents the excess of the CGS purchase price over the fair value of net assets acquired and considers future economic benefits that we expect to achieve as a result of the acquisition. The goodwill is included in the Americas segment and is deductible for income tax purposes. The majority of the net assets acquired relate to an ABA business process intangible which is a renewable license agreement with the ABA to manage the issuance, maintenance and access to the CUSIP numbering system and related database of CUSIP identifiers. This intangible asset's valuation and associated useful life considers the nature of the business relationship, multi-year term of the current agreement and the likelihood of long-term renewals. The useful life assigned to the Client relationships intangible asset considers the strong historical client retention and client renewals as a basis for expected future retention. The useful life assigned to Acquired databases considers the historical period of data collection and the limited changes to the data on an annual basis.

The results of CGS's operations have been included in our Consolidated Financial Statements, within the Americas, EMEA and Asia Pacific segments, beginning with the closing of the acquisition on March 1, 2022. Pro forma information has not been presented because the effect of the CGS acquisition was not material to our Consolidated Financial Statements.

Cobalt Software, Inc.

On October 12, 2021, we acquired all of the outstanding shares of Cobalt for a purchase price of $50.0 million, net of cash acquired, and inclusive of working capital adjustments. Cobalt is a leading portfolio monitoring platform for the private capital industry. We acquired Cobalt to scale our data and workflow solutions through targeted investments as part of our multi-year investment plan and to expand our private markets offering. The Cobalt purchase price was in excess of the fair value of net assets acquired, resulting in the recognition of goodwill. We finalized the purchase accounting for the Cobalt acquisition during the fourth quarter of fiscal 2022 and did not record any material changes to the preliminary purchase price allocation.

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets

540

Amortizable intangible assets

Software technology

7,750

5 years

Straight-line

Client relationships

4,800

11 years

Straight-line

Goodwill

41,338

Other assets

Current liabilities

(4,437)

Other liabilities

(7)

Total purchase price

50,018

Goodwill totaling $41.3 million represents the excess of the Cobalt purchase price over the fair value of net assets acquired and considers future economic benefits that we expect to achieve as a result of the acquisition. The goodwill is included in the Americas and EMEA segments and is not deductible for income tax purposes. The useful life assigned to Software technology considers our historical experience and anticipated technological changes. The useful life assigned to the Client relationships intangible asset considers the historical client retention as a basis for expected future retention.

The results of Cobalt's operations have been included in our Consolidated Financial Statements, within the Americas and EMEA segments, beginning with its acquisition on October 12, 2021. Pro forma information has not been presented because the effect of the Cobalt acquisition was not material to our Consolidated Financial Statements.

STOCKHOLDERS’ EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	$ 1,912,460	$ 1,619,930	$ 1,331,408	$ 1,016,353
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	(79,613)	(87,141)	$ (108,383)	$ (38,962)
Accumulated unrealized gains (losses) on cash flow hedges, net of tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	1,843	2,880
Accumulated foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total AOCL	$ (81,456)	$ (90,021)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

EARNINGS PER SHARE

12 Months Ended

Aug. 31, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Basic earnings per common share ("Basic EPS") is computed by dividing net income by the number of weighted average common shares outstanding during the fiscal year. Diluted earnings per common share ("Diluted EPS") is calculated by using the treasury stock method which assumes the issuance of common stock for all potentially dilutive stock-based awards.

The following is a reconciliation of our Basic and Diluted EPS computations:


	Years Ended August 31,
(in thousands, except per share data)	2024		2023		2022
Numerator
Net income used for calculating Basic EPS and Diluted EPS	$	537,126	$	468,173	$	396,917
Denominator
Weighted average common shares used in the calculation of Basic EPS	38,059		38,194		37,864
Common stock equivalents associated with stock-based compensation plans	559		704		872
Shares used in the calculation of Diluted EPS	38,618		38,898		38,736
Basic EPS	$	14.11	$	12.26	$	10.48
Diluted EPS	$	13.91	$	12.04	$	10.25

The following table presents the potential common shares that were excluded from Diluted EPS as they relate to stock-based awards that were antidilutive or subject to performance conditions which have not been satisfied by the end of the reporting period:


	Years Ended August 31,
(in thousands)	2024	2023	2022
Stock options	381	566	329
Restricted Stock Awards	88	59	61

DERIVATIVE INSTRUMENTS - Narrative (Details) - USD ($) $ in Thousands			12 Months Ended
	Aug. 31, 2024	Mar. 01, 2022	Aug. 31, 2024	May 31, 2024	Mar. 01, 2024	Aug. 31, 2023	May 31, 2022	Mar. 05, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Estimated pre-tax derivative gains to be reclassified in next 12 months	$ 2,400
Minimum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Currency exposure (as a percent)			25.00%
Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Currency exposure (as a percent)			75.00%
Cash flow hedging \| Derivatives designated as hedging instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	288,155		$ 288,155			$ 372,644
Cash flow hedging \| Derivatives designated as hedging instruments \| Interest rate swap agreement
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	$ 100,000	$ 800,000	$ 100,000		$ 200,000	$ 200,000		$ 287,500
Fixed interest rate		1.162%			5.145%			0.7995%
Quarterly decline in notional amount				$ 50,000			$ 100,000
Benefit recognized in interest expense		$ 3,500

SEGMENT INFORMATION - Total Assets (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 4,055,040	$ 3,962,922
Americas
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,178,800	3,148,192
EMEA
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	600,206	558,393
Asia Pacific
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 276,034	$ 256,337

- Definition

Amount of asset recognized for present right to economic benefit.

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+ Details

ACQUISITIONS - Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022	Mar. 01, 2022	Oct. 12, 2021
Business Acquisition [Line Items]
Goodwill	$ 1,011,129	$ 1,004,736	$ 965,848
ABA business process
Business Acquisition [Line Items]
Estimated Useful Life (years)	36 years
CUSIP Global Services
Business Acquisition [Line Items]
Current assets				$ 29,728
Goodwill				214,970
Current liabilities				(104,691)
Deferred revenues, long-term				(1,481)
Total purchase price				1,931,526
Accounts receivable				29,500
Deferred revenues				99,400
CUSIP Global Services \| ABA business process
Business Acquisition [Line Items]
Amortizable intangible assets				$ 1,583,000
Estimated Useful Life (years)				36 years
CUSIP Global Services \| Client relationships
Business Acquisition [Line Items]
Amortizable intangible assets				$ 164,000
Estimated Useful Life (years)				26 years
CUSIP Global Services \| Acquired databases
Business Acquisition [Line Items]
Amortizable intangible assets				$ 46,000
Estimated Useful Life (years)				15 years
Cobalt Software, Inc.
Business Acquisition [Line Items]
Current assets					$ 540
Goodwill					41,338
Other assets					34
Current liabilities					(4,437)
Other liabilities					(7)
Total purchase price					50,018
Cobalt Software, Inc. \| Software technology
Business Acquisition [Line Items]
Amortizable intangible assets					$ 7,750
Estimated Useful Life (years)					5 years
Cobalt Software, Inc. \| Client relationships
Business Acquisition [Line Items]
Amortizable intangible assets					$ 4,800
Estimated Useful Life (years)					11 years

DEBT - Annual Maturities of Debt Obligations (Details) $ in Thousands	Aug. 31, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 125,000
2026	0
2027	750,000
2028	0
2029	0
Thereafter	500,000
Total	$ 1,375,000

Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
ASSETS
Cash and cash equivalents	$ 422,979	$ 425,444
Investments	69,619	32,210
Accounts receivable, net of reserves of $14,581 at August 31, 2024 and $7,769 at August 31, 2023	228,054	237,665
Prepaid taxes	55,103	24,206
Prepaid expenses and other current assets	60,093	50,610
Total current assets	835,848	770,135
Property, equipment and leasehold improvements, net	82,513	86,107
Goodwill	1,011,129	1,004,736
Intangible assets, net	1,844,141	1,859,202
Deferred taxes	61,337	27,229
Lease right-of-use assets, net	130,494	141,837
Other assets	89,578	73,676
TOTAL ASSETS	4,055,040	3,962,922
LIABILITIES
Accounts payable and accrued expenses	178,250	121,816
Current debt	124,842	0
Current lease liabilities	31,073	28,839
Accrued compensation	93,279	112,892
Deferred revenues	159,761	152,430
Current taxes payable	40,391	31,009
Dividends payable	39,470	37,265
Total current liabilities	667,066	484,251
Long-term debt	1,241,131	1,612,700
Deferred taxes	8,452	6,737
Deferred revenues, non-current	1,344	3,734
Taxes payable	40,452	30,344
Long-term lease liabilities	177,521	198,382
Other liabilities	6,614	6,844
TOTAL LIABILITIES	2,142,580	2,342,992
Commitments and contingencies (see Note 13)
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued	0	0
Common stock, $0.01 par value, 150,000,000 shares authorized, 42,598,915 and 42,096,628 shares issued, 37,952,270 and 38,025,372 shares outstanding at August 31, 2024 and 2023, respectively	426	421
Additional paid-in capital	1,478,839	1,323,631
Treasury stock, at cost: 4,646,645 and 4,071,256 shares at August 31, 2024 and 2023, respectively	(1,375,696)	(1,122,077)
Retained earnings	1,888,504	1,505,096
Accumulated other comprehensive loss	(79,613)	(87,141)
TOTAL STOCKHOLDERS’ EQUITY	1,912,460	1,619,930
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 4,055,040	$ 3,962,922

DEBT

12 Months Ended

Aug. 31, 2024

Debt Disclosure [Abstract]

DEBT

We elected not to carry our debt at fair value. The carrying value of our debt is net of related unamortized discounts and debt issuance costs. Our debt obligations as of August 31, 2024 and August 31, 2023 consisted of the following:


(in thousands)	Issuance Date	Contractual Maturity Date	August 31, 2024		August 31, 2023
Current debt
2022 Term Facility	3/1/2022	3/1/2025	$	125,000	$	—
Total unamortized debt issuance costs on Current debt			(158)		—
Total Current debt			$	124,842	$	—

Long-term debt
2022 Term Facility	3/1/2022	3/1/2025	—		375,000
2022 Revolving Facility	3/1/2022	3/1/2027	250,000		250,000
2027 Notes	3/1/2022	3/1/2027	500,000		500,000
2032 Notes	3/1/2022	3/1/2032	500,000		500,000
Total unamortized discounts and debt issuance costs			(8,869)		(12,300)
Total Long-term debt			$	1,241,131	$	1,612,700

Total debt			$	1,365,973	$	1,612,700

As of August 31, 2024, annual maturities on our debt obligations, based on contractual maturity dates, were as follows:


(in thousands)	Maturities
Fiscal Years Ended August 31,
2025	$	125,000
2026	—
2027	750,000
2028	—
2029	—
Thereafter	500,000
Total	$	1,375,000

2022 Credit Agreement

On March 1, 2022, we entered into a credit agreement (the "2022 Credit Agreement") and borrowed an aggregate principal amount of $1.0 billion under its senior unsecured term loan credit facility (the "2022 Term Facility") and $250.0 million of the available $500.0 million under its senior unsecured revolving credit facility (the "2022 Revolving Facility" and, together with the 2022 Term Facility, the "2022 Credit Facilities"). The 2022 Term Facility matures on March 1, 2025, and the 2022 Revolving Facility matures on March 1, 2027. The 2022 Revolving Facility allows for the availability of up to $100.0 million in the form of letters of credit and up to $50.0 million in the form of swingline loans. We may seek additional commitments of up to $750.0 million under the 2022 Revolving Facility from lenders or other financial institutions.

We used these borrowings, along with the net proceeds from the issuance of the Senior Notes (as defined below) and cash on hand, to finance the consideration for the CGS acquisition, to repay prior outstanding borrowings and to pay related transaction fees, costs and expenses.

During fiscal 2022, we incurred approximately $9.5 million in debt issuance costs related to the 2022 Credit Facilities. Debt issuance costs are presented in the Consolidated Balance Sheets as a direct deduction from the carrying amount of the debt liability. Debt issuance costs are amortized to Interest expense in the Consolidated Statements of Income on a straight-line basis over the contractual term of the debt, which approximates the effective interest method.

We may voluntarily prepay loans under the 2022 Credit Facilities at any time without premium or penalty. During fiscal 2024, we repaid $250.0 million under the 2022 Term Facility, inclusive of voluntary prepayments of $200.0 million. Since loan inception on March 1, 2022, we have repaid $875.0 million under the 2022 Term Facility, inclusive of voluntary prepayments of $762.5 million.

From the borrowing date through November 30, 2023, the outstanding borrowings under the 2022 Credit Facilities bore interest at a rate equal to the applicable one-month Term SOFR plus a 1.1% spread (comprised of a 1.0% interest rate margin based on a debt leverage pricing grid plus a 0.1% credit spread adjustment). From December 1, 2023 through August 31, 2024, the spread decreased to 0.975% (comprised of a 0.875% interest rate margin based on a debt leverage pricing grid plus a 0.1% credit spread adjustment). Interest on the 2022 Credit Facilities is currently payable on the last business day of each month, in arrears.

Additionally, we pay a commitment fee on the daily unused amount of the 2022 Revolving Facility using a pricing grid based on our senior unsecured non-credit enhanced long-term debt rating and our total leverage ratio. From the borrowing date through November 30, 2023, the commitment fee was 0.125%, which subsequently decreased to 0.1% through August 31, 2024.

The 2022 Credit Agreement contains usual and customary event of default provisions for facilities of this type, which are subject to usual and customary grace periods and materiality thresholds. If an event of default occurs under the 2022 Credit Agreement, the lenders may, among other things, terminate their commitments and declare all outstanding borrowings immediately due and payable.

The 2022 Credit Agreement contains usual and customary affirmative and negative covenants for facilities of this type, including a financial covenant requiring maintenance of a total leverage ratio of no greater than 3.50 to 1.00 as of August 31, 2024. We were in compliance with all covenants and requirements of the 2022 Credit Agreement as of August 31, 2024.

Swap Agreements

2024 Swap Agreement

On March 1, 2024, we entered into the 2024 Swap Agreement to hedge a portion of our outstanding floating SOFR debt with a fixed interest rate of 5.145%.

2022 Swap Agreement

On March 1, 2022, we entered into the 2022 Swap Agreement to hedge a portion of our outstanding floating SOFR debt with a fixed interest rate of 1.162%. Effective December 30, 2022, we apportioned the then-outstanding notional amount of the 2022 Swap Agreement between two counterparties. The 2022 Swap Agreement matured on February 28, 2024.

2020 Swap Agreement

On March 5, 2020, we entered into the 2020 Swap Agreement to hedge a portion of our then outstanding floating LIBOR rate debt with a fixed interest rate of 0.7995%. On March 1, 2022, we terminated the 2020 Swap Agreement and concurrently entered into the 2022 Swap Agreement.

Refer to Note 5, Derivative Instruments for further discussion of the 2024 Swap Agreement, 2022 Swap Agreement and 2020 Swap Agreement.

Senior Notes

On March 1, 2022, we completed a public offering of $500.0 million aggregate principal amount of 2.900% Senior Notes due March 1, 2027 (the "2027 Notes") and $500.0 million aggregate principal amount of 3.450% Senior Notes due March 1, 2032 (the "2032 Notes" and, together with the 2027 Notes, the "Senior Notes"). The Senior Notes were issued pursuant to an indenture, dated as of March 1, 2022, by and between us and U.S. Bank Trust Company, National Association, as trustee (the "Trustee"), as supplemented by the supplemental indenture, dated as of March 1, 2022, between us and the Trustee (the "Supplemental Indenture").

The Senior Notes were issued at an aggregate discount of $2.8 million and we incurred approximately $9.1 million in debt issuance costs. Debt discounts and debt issuance costs are presented in the Consolidated Balance Sheets as a net direct deduction from the carrying amount of the debt liability. The debt discounts and debt issuance costs are amortized to Interest expense in the Consolidated Statements of Income over the contractual term of the debt, leveraging the effective interest method.

Interest on the Senior Notes is payable semiannually in arrears on March 1 and September 1 of each year.

We may redeem the Senior Notes, in whole or in part, at any time at specified redemption prices, plus any accrued and unpaid interest. Upon the occurrence of a change of control triggering event (as defined in the Supplemental Indenture), we must offer to repurchase the Senior Notes at 101% of their principal amount, plus any accrued and unpaid interest.

2019 Credit Agreement

On March 29, 2019, we entered into a credit agreement with PNC Bank, National Association (the "2019 Credit Agreement") and borrowed $575.0 million of the available $750.0 million provided by the revolving credit facility thereunder (the "2019 Revolving Credit Facility"). Borrowings under the 2019 Revolving Credit Facility bore interest on the outstanding principal amount at a rate equal to the daily LIBOR plus a spread using a debt leverage pricing grid. Interest on the amounts outstanding under the 2019 Revolving Credit Facility was payable quarterly, in arrears, and on the maturity date. We incurred approximately $0.9 million in debt issuance costs related to the 2019 Credit Agreement.

On March 1, 2022, we repaid in full and terminated the 2019 Credit Agreement and amortized the remaining related $0.4 million of capitalized debt issuance costs into Interest expense in the Consolidated Statements of Income.

Interest Expense

The following table presents the interest expense on our outstanding debt which is a component of Interest expense in our Consolidated Statements of Income:


	Years Ended August 31,
(in thousands)	2024		2023		2022
Interest expense on outstanding debt(1)	$	65,412	$	66,283	$	35,152

(1) Interest expense on our outstanding debt includes the related amortization of debt issuance costs and debt discounts. Interest expense is net of the effects of our interest rate swap agreements.

DERIVATIVE INSTRUMENTS - Gross Notional Values by Currency (Details) - Cash flow hedging - Derivatives designated as hedging instruments ₱ in Thousands, € in Thousands, ₨ in Thousands, £ in Thousands, $ in Thousands	Aug. 31, 2024 USD ($)	Aug. 31, 2024 INR (₨)	Aug. 31, 2024 GBP (£)	Aug. 31, 2024 EUR (€)	Aug. 31, 2024 PHP (₱)	Aug. 31, 2023 USD ($)	Aug. 31, 2023 INR (₨)	Aug. 31, 2023 GBP (£)	Aug. 31, 2023 EUR (€)	Aug. 31, 2023 PHP (₱)
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	$ 288,155					$ 372,644
Foreign currency forward contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	188,155					172,644
Indian Rupee
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	55,200	₨ 4,651,351				40,300	₨ 3,363,150
British Pound Sterling
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	52,372		£ 41,200			56,098		£ 45,000
Euro
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	48,183			€ 43,800		42,646			€ 39,000
Philippine Peso
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gross notional value	$ 32,400				₱ 1,850,674	$ 33,600				₱ 1,888,541

REVENUE RECOGNITION (Tables)

12 Months Ended

Aug. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents revenues disaggregated by segment:


	Years ended August 31,
(in thousands)	2024		2023		2022
Americas	$	1,419,901	$	1,335,484	$	1,173,946
EMEA	563,128		539,843		484,279
Asia Pacific	220,027		210,181		185,667
Total Revenues	$	2,203,056	$	2,085,508	$	1,843,892

SEGMENT INFORMATION - Geographic Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 2,203,056	$ 2,085,508	$ 1,843,892
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	1,340,350	1,265,002	1,106,602
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	221,850	223,809	215,369
Other European Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	341,278	316,034	268,910
All Other Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 299,578	$ 280,663	$ 253,011

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
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-Name Accounting Standards Codification
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Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Topic 280
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

INTANGIBLE ASSETS - Estimated Intangible Asset Amortization Expense (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 115,122
2026	107,673
2027	82,033
2028	64,377
2029	60,986
Thereafter	1,413,950
Total	$ 1,844,141	$ 1,859,202

GOODWILL (Details) - USD ($)	12 Months Ended
GOODWILL (Details) - USD ($)	Aug. 31, 2024	Aug. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment loss	$ 0	$ 0

INTANGIBLE ASSETS

12 Months Ended

Aug. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

We amortize intangible assets on a straight-line basis over their estimated useful lives. The following table presents the estimated useful life, gross carrying amounts and accumulated amortization related to our identifiable intangible assets as of August 31, 2024 and August 31, 2023:


		August 31, 2024						August 31, 2023
(in thousands, except useful lives)	Estimated Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
ABA business process	36	$	1,583,000	$	109,930	$	1,473,070	$	1,583,000	$	65,958	$	1,517,042
Client relationships	11 to 26	266,419		80,904		185,515		265,315		68,701		196,614
Developed technology	3 to 5	181,492		68,286		113,206		109,222		45,560		63,662
Data content (1)	7 to 20	84,374		38,725		45,649		81,021		33,108		47,913
Software technology	3 to 10	143,685		117,189		26,496		142,395		108,702		33,693
Non-compete agreements	4	290		85		205		290		12		278
Total		$	2,259,260	$	415,119	$	1,844,141	$	2,181,243	$	322,041	$	1,859,202

(1)During fiscal 2024, we combined our Data content and Acquired databases intangible assets together, currently presented as Data content. We conformed the comparative figures as of August 31, 2023 to the current year's presentation.

The weighted average useful life of our intangible assets as of August 31, 2024 was 31.9 years.

During fiscal 2024 and 2023, we incurred asset impairment charges of $1.3 million related to Developed technology and $7.9 million related to Developed technology and Trade names, respectively, which is included in Asset impairments in the Consolidated Statements of Income. We did not identify a material change to the estimated remaining useful lives of our intangible assets during fiscal 2024 and 2023. The intangible assets have no assigned residual values.

The following table presents the amortization expense for our intangible assets which is included in Cost of services in our Consolidated Statements of Income:


	Years ended August 31,
(in thousands)	2024		2023		2022
Amortization expense	$	104,950	$	87,304	$	62,382

As of August 31, 2024, estimated intangible asset amortization expense for each of the next five years and thereafter is as follows:


(in thousands)	Estimated Amortization Expense
Fiscal Years Ended August 31,
2025	$	115,122
2026	107,673
2027	82,033
2028	64,377
2029	60,986
Thereafter	1,413,950
Total	$	1,844,141

INCOME TAXES (Tables)

12 Months Ended

Aug. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Components of Provision for Income Taxes

The provision for income taxes and the effective tax rate are as follows:


(in thousands)	Years ended August 31,
	2024			2023			2022
U.S. operations	$	416,093		$	382,702		$	281,971
Non-U.S. operations	235,410			201,252			161,623
Income before income taxes	$	651,503		$	583,954		$	443,594

U.S. operations	$	55,219		$	54,337		$	18,107
Non-U.S. operations	59,158			61,444			28,570
Provision for income taxes	$	114,377		$	115,781		$	46,677

Effective tax rate	17.6		%	19.8		%	10.5		%

The components of the provision for income taxes consist of the following:


(in thousands)	Years ended August 31,
	2024		2023		2022
Current
U.S. federal	$	46,903	$	38,625	$	12,766
U.S. state and local	40,926		38,600		10,936
Non-U.S.	58,568		69,675		31,690
Total current taxes	$	146,397	$	146,900	$	55,392

Deferred
U.S. federal	$	(26,962)	$	(17,235)	$	(4,722)
U.S. state and local	(5,648)		(5,652)		(874)
Non-U.S.	590		(8,232)		(3,119)
Total deferred taxes	$	(32,020)	$	(31,119)	$	(8,715)
Provision for income taxes	$	114,377	$	115,781	$	46,677

Schedule of Reconciliation of Effective Tax Rate

The following table presents a reconciliation between the U.S. corporate income tax rate and our effective tax rate:


	Years ended August 31,
(expressed as a percentage of income before income taxes)	2024		2023		2022
Tax at U.S. Federal statutory tax rate	21.0	%	21.0	%	21.0	%
Increase (decrease) in taxes resulting from(1):
State and local taxes, net of U.S. federal income tax benefit	2.2		3.1		1.8
Foreign income at other than U.S. rates	1.5		(0.1)		(1.2)
Foreign derived intangible income ("FDII") deduction	(2.3)		(1.6)		(2.2)
Income tax benefits from R&D tax credits	(2.8)		(3.8)		(4.1)
Stock-based payments	(2.1)		(2.2)		(3.4)

U.S. impact of foreign income	(2.5)		(0.6)		—
Uncertain tax positions	2.3		0.5		0.4
One-time adjustment(2)	—		3.8		—
Other, net	0.3		(0.3)		(1.8)
Effective tax rate	17.6	%	19.8	%	10.5	%

(1) During fiscal 2024, we further disaggregated our effective tax rate reconciliation. We conformed comparative figures for fiscal 2023 and 2022 to the current year’s presentation.

(2) During fiscal 2023, we recorded an out-of-period adjustment related to a review and analysis of certain tax positions, resulting in a one-time net charge. The adjustment related to the accounting of tax balance sheet accounts. All local, federal and foreign taxes payable have been paid in a timely manner, subject to normal audits of open years.

Schedule of Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities recorded within the Consolidated Balance Sheets were as follows:


(in thousands)	As of August 31,
	2024		2023
Deferred tax assets:
Lease liabilities	$	41,373	$	55,608
Stock-based compensation	35,615		32,611

Capitalization of R&D costs	109,664		58,709
Sales Tax Dispute	14,058		—
Other	28,154		21,701
Total deferred tax assets	$	228,864	$	168,629

Deferred tax liabilities:
Depreciation on PPE	$	35,666	$	29,048
Purchased intangible assets, including acquired technology	106,131		84,102
Lease ROU assets	24,429		33,900
Other	9,753		1,087
Total deferred tax liabilities	$	175,979	$	148,137
Total deferred tax assets (liabilities), net	$	52,885	$	20,492

Schedule of Reconciliation of Unrecognized Tax Benefits

The following table summarizes the changes in the balance of gross unrecognized tax benefits:


(in thousands)
Unrecognized tax benefits as of August 31, 2021	$	14,870
Additions based on tax positions related to the current year	7,959
Release for tax positions of prior years	(2,658)

Unrecognized tax benefits as of August 31, 2022(1)	$	20,171
Additions based on tax positions related to the current year	4,372
Release for tax positions of prior years	(3,490)

Unrecognized tax benefits as of August 31, 2023(1)	$	21,053
Additions based on tax positions related to the current year	17,794
Release for tax positions of prior years	(3,557)
Unrecognized tax benefits as of August 31, 2024(1)	$	35,290

(1) The unrecognized tax benefits include accrued interest of $3.9 million, $1.6 million and $1.4 million as of August 31, 2024, 2023 and 2022, respectively.

Schedule of Major Tax Jurisdictions in Which the Company and Affiliates Operate and the Earliest Tax Year Subject to Examination

At August 31, 2024, we remained subject to examination in the following significant tax jurisdictions for the fiscal years as indicated below:


Significant Tax Jurisdiction	Open Tax Fiscal Years
U.S.
Federal	2019	through	2023
State (various)	2019	through	2023

Europe
United Kingdom	2021	through	2023
France	2021	through	2023
Germany	2020	through	2023

INTANGIBLE ASSETS - Identifiable Intangible Assets (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,259,260	$ 2,181,243
Accumulated Amortization	415,119	322,041
Total	$ 1,844,141	1,859,202
ABA business process
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	36 years
Gross Carrying Amount	$ 1,583,000	1,583,000
Accumulated Amortization	109,930	65,958
Total	1,473,070	1,517,042
Client relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	266,419	265,315
Accumulated Amortization	80,904	68,701
Total	185,515	196,614
Developed technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	181,492	109,222
Accumulated Amortization	68,286	45,560
Total	113,206	63,662
Data content
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	84,374	81,021
Accumulated Amortization	38,725	33,108
Total	45,649	47,913
Software technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	143,685	142,395
Accumulated Amortization	117,189	108,702
Total	$ 26,496	33,693
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	4 years
Gross Carrying Amount	$ 290	290
Accumulated Amortization	85	12
Total	$ 205	$ 278
Minimum \| Client relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	11 years
Minimum \| Developed technology
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	3 years
Minimum \| Data content
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	7 years
Minimum \| Software technology
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	3 years
Maximum \| Client relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	26 years
Maximum \| Developed technology
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	5 years
Maximum \| Data content
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	20 years
Maximum \| Software technology
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (years)	10 years

DERIVATIVE INSTRUMENTS

12 Months Ended

Aug. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS

Cash Flow Hedges

In designing our hedging approach, we consider several factors, including offsetting exposures, the significance of exposures, the forecasting of risk and the potential effectiveness of the hedge to reduce the volatility of our earnings and cash flows. Factors considered in the decision to hedge an underlying market exposure include the materiality of the risk, the volatility of the market, the duration of the hedge, the degree to which the underlying exposure is committed, and the availability, effectiveness and cost of derivative instruments.

We utilize derivative instruments to manage risk and not for speculative or trading purposes. We limit counterparties to financial institutions we believe are credit-worthy. Refer to Note 2, Summary of Significant Accounting Policies - Concentrations of Credit Risk, for further discussion on counterparty credit risk.

We leverage foreign currency forward contracts and interest rate swap agreements to mitigate certain operational exposures from the impact of changes in foreign currency exchange rates and to manage our floating interest rate exposure, respectively. Our foreign currency forward contracts and interest rate swap agreements are designated as cash flow hedges at inception.

For highly effective cash flows hedges, the change in the derivative's fair value is recorded in AOCL, net of tax, in the Consolidated Balance Sheets. Our cash flow hedges were highly effective with no amount of ineffectiveness recorded in the Consolidated Statements of Income during fiscal 2024 and 2023. All components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.

Realized gains or losses from the settlement of our foreign currency forward contracts and interest rate swap agreements are subsequently reclassified into SG&A and Interest expense, respectively, in the Consolidated Statements of Income. There was no discontinuance of our foreign currency forward contracts during fiscal 2022 through fiscal 2024 nor our interest rate swap agreements during fiscal 2023 and 2024. As such, no corresponding gains or losses related to changes in the fair value of these contracts were reclassified into earnings prior to settlement during those respective periods. Our 2020 interest rate swap agreement was terminated during fiscal 2022 and resulted in a one-time benefit. Refer to the 2022 Swap Agreement discussed within this footnote for more information.

Foreign Currency Forward Contracts

As we operate globally, we are exposed to the risk that our financial condition, results of operations and cash flows could be impacted by changes in foreign currency exchange rates. During fiscal 2024 and 2023, we maintained a series of foreign currency forward contracts to hedge a portion of our primary currency exposures, namely the British Pound Sterling, Euro, Indian Rupee and Philippine Peso. We entered into these contracts with the intent to hedge between 25% to 75% of the currency exposure related to our projected operating income in these primary currencies over their respective hedge periods. As of August 31, 2024, the hedge maturity periods of our outstanding foreign currency forward contracts range from the first quarter of fiscal 2025 through the fourth quarter of fiscal 2025.

The following table summarizes the gross notional value of our foreign currency forward contracts to purchase the respective local currency with U.S. dollars as of August 31, 2024 and August 31, 2023:


	August 31, 2024				August 31, 2023
(in thousands)	Local Currency Amount		Notional Contract Amount (USD)		Local Currency Amount		Notional Contract Amount (USD)
Indian Rupee	Rs	4,651,351	$	55,200	Rs	3,363,150	$	40,300
British Pound Sterling	£	41,200	52,372		£	45,000	56,098
Euro	€	43,800	48,183		€	39,000	42,646
Philippine Peso	₱	1,850,674	32,400		₱	1,888,541	33,600
Total			$	188,155			$	172,644

Refer to Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk, of this Annual Report on Form 10-K for further discussion of our exposure to foreign exchange rate fluctuations.

Interest Rate Swap Agreements

2024 Swap Agreement

On March 1, 2024, we entered into an interest rate swap agreement ("2024 Swap Agreement") with a notional amount of $200.0 million to hedge a portion of our outstanding floating Secured Overnight Financing Rate ("SOFR") debt with a fixed interest rate of 5.145%. The notional amount of the 2024 Swap Agreement declines by $50.0 million on a quarterly basis beginning May 31, 2024. As of August 31, 2024, the notional amount of the 2024 Swap Agreement was $100.0 million. The 2024 Swap Agreement matures on February 28, 2025.

2022 Swap Agreement

On March 1, 2022, we entered into an interest rate swap agreement ("2022 Swap Agreement") with a notional amount of $800.0 million to hedge a portion of our outstanding floating SOFR rate debt with a fixed interest rate of 1.162%. The notional amount of the 2022 Swap Agreement declined by $100.0 million on a quarterly basis beginning May 31, 2022. Effective December 30, 2022, we partially novated our 2022 Swap Agreement to equally apportion the then-outstanding notional amount of the interest rate swap between two counterparties. No other terms of the 2022 Swap Agreement were amended, terminated, or otherwise modified prior to its maturity. The 2022 Swap Agreement matured on February 28, 2024.

2020 Swap Agreement

On March 5, 2020, we entered into an interest rate swap agreement ("2020 Swap Agreement") with a notional amount of $287.5 million. The 2020 Swap Agreement hedged a portion of our then outstanding floating London Interbank Offer Rate ("LIBOR") rate debt with a fixed interest rate of 0.7995% to mitigate our interest rate exposure. On March 1, 2022, we terminated the 2020 Swap Agreement, which resulted in a one-time benefit of $3.5 million recognized in Interest expense in the Consolidated Statements of Income during fiscal 2022, based on its fair market value.

Refer to Note 12, Debt, for further discussion of our outstanding floating rate debt and refer to Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk, in this Annual Report on Form 10-K for further discussion of our exposure to interest rate risk on our variable interest rate debt outstanding.

Gross Notional Value and Fair Value of Derivative Instruments

The following is a summary of the gross notional values of our derivative instruments:


(in thousands)	Gross Notional Value
	August 31, 2024		August 31, 2023
Foreign currency forward contracts	$	188,155	$	172,644
Interest rate swap agreement	100,000		200,000
Total cash flow hedges	$	288,155	$	372,644

The following is a summary of the fair values of our derivative instruments:


	Fair Value of Derivative Instruments
(in thousands)	Derivative Assets					Derivative Liabilities
Derivatives designated as hedging instruments	Balance Sheet Classification	August 31, 2024		August 31, 2023		Balance Sheet Classification	August 31, 2024		August 31, 2023
Foreign currency forward contracts	Prepaid expenses and other current assets	$	2,619	$	1,260	Accounts payable and accrued expenses	$	127	$	608
Interest rate swap agreement	Prepaid expenses and other current assets	—		3,123		Accounts payable and accrued expenses	123		—

Total cash flow hedges		$	2,619	$	4,383		$	250	$	608

Derivative Recognition

The following table provides the pre-tax effect of cash flow hedge accounting on our AOCL for the years ended August 31, 2024, 2023 and 2022:


(in thousands)	Gain (Loss) Recognized in AOCL on Derivatives						Location of Gain (Loss) Reclassified from AOCL into Income	Gain (Loss) Reclassified from AOCL into Income
Derivatives in Cash Flow Hedging Relationships	2024		2023		2022		Location of Gain (Loss) Reclassified from AOCL into Income	2024		2023		2022
Foreign currency forward contracts	$	1,771	$	5,783	$	(16,356)	SG&A	$	(69)	$	(3,176)	$	(7,867)
Interest rate swap agreement	41		4,368		17,245		Interest expense	3,287		13,657		1,854
Total cash flow hedges	$	1,812	$	10,151	$	889		$	3,218	$	10,481	$	(6,013)

As of August 31, 2024, we estimate that net pre-tax derivative gains of $2.4 million included in AOCL will be reclassified into earnings within the next 12 months.

Offsetting of Derivative Instruments

We enter into master netting arrangements designed to permit net settlement of derivative transactions among the respective counterparties, settled on the same date and in the same currency. As of August 31, 2024 and 2023, there were no material amounts recorded net in the Consolidated Balance Sheets.

FAIR VALUE MEASURES - Schedule of Assets and Liabilities Measured at Carrying Values and Fair Value (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total unamortized discounts and debt issuance costs	$ (9,027)	$ (12,300)
Total net carrying value of debt	1,365,973	1,612,700
Principal Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	1,375,000	1,625,000
Principal Amount \| Level 1 \| Senior Notes \| 2027 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	500,000	500,000
Principal Amount \| Level 1 \| Senior Notes \| 2032 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	500,000	500,000
Principal Amount \| Level 3 \| Line of Credit \| Credit Agreement 2022 \| Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	250,000	250,000
Principal Amount \| Level 3 \| Line of Credit \| Credit Agreement 2022 \| Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	125,000	375,000
Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	1,300,960	1,507,871
Estimated Fair Value \| Level 1 \| Senior Notes \| 2027 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	479,760	460,890
Estimated Fair Value \| Level 1 \| Senior Notes \| 2032 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	449,380	423,700
Estimated Fair Value \| Level 3 \| Line of Credit \| Credit Agreement 2022 \| Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	246,578	246,875
Estimated Fair Value \| Level 3 \| Line of Credit \| Credit Agreement 2022 \| Term Loan
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total principal amount	$ 125,242	$ 376,406

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Pay vs Performance Disclosure
Net income	$ 537,126	$ 468,173	$ 396,917

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

SEGMENT INFORMATION

12 Months Ended

Aug. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

Operating segments are defined as components of an enterprise that have the following characteristics: (i) they engage in business activities from which they may earn revenue and incur expense, (ii) their operating results are regularly reviewed by the CODM for resource allocation decisions and performance assessment, and (iii) their discrete financial information is available. Our Chief Executive Officer functions as our CODM.

We have three operating segments: Americas, EMEA and Asia Pacific. This is how our CODM manages our business and the geographic markets in which we operate. These operating segments are consistent with our reportable segments.

The Americas segment primarily sells to clients throughout North, Central, and South America. The EMEA segment primarily sells to clients in Europe, the Middle East, and Africa. The Asia Pacific segment primarily sells to clients in Asia and Australasia. Segment revenues reflect sales to our clients based on the geographic region where the sale originated.

Each segment records expenses related to its individual operations with the exception of expenditures associated with our data centers, third-party data costs and corporate headquarters charges, which are recorded by the Americas segment and are not allocated to the other segments. The expenses incurred at our content collection centers, located in India, the Philippines and Latvia, are allocated to each segment based on their respective percentage of revenues as this reflects the benefits provided by each segment.

Intercompany revenue and expense amounts have been eliminated within each segment in order to report on the basis that management uses internally for evaluating segment performance.

The following tables reflect the results of operations of our segments:


(in thousands)
Year Ended August 31, 2024	Americas		EMEA		Asia Pacific		Total
Revenues	$	1,419,901	$	563,128	$	220,027	$	2,203,056
Operating income(1)	$	261,790	$	282,963	$	156,546	$	701,299
Depreciation and amortization	$	110,147	$	7,171	$	7,869	$	125,187
Stock-based compensation	$	51,601	$	8,007	$	3,893	$	63,501
Capital expenditures(2)	$	77,417	$	3,835	$	4,429	$	85,681


Year Ended August 31, 2023	Americas		EMEA		Asia Pacific		Total
Revenues	$	1,335,484	$	539,843	$	210,181	$	2,085,508
Operating income(1)	$	239,438	$	243,028	$	146,741	$	629,207
Depreciation and amortization	$	89,602	$	7,305	$	8,477	$	105,384
Stock-based compensation	$	51,574	$	7,280	$	3,184	$	62,038
Capital expenditures(2)	$	54,609	$	2,317	$	3,860	$	60,786


Year Ended August 31, 2022	Americas		EMEA		Asia Pacific		Total
Revenues	$	1,173,946	$	484,279	$	185,667	$	1,843,892
Operating income(1)	$	159,140	$	196,231	$	120,111	$	475,482
Depreciation and amortization	$	64,916	$	11,794	$	9,973	$	86,683
Stock-based compensation	$	45,319	$	8,271	$	2,413	$	56,003
Capital expenditures(2)	$	44,114	$	1,427	$	5,615	$	51,156

(1)Includes asset impairment charges further disclosed in the Segment Asset Impairments section below.

(2)Capital expenditures include purchases of PPE and capitalized internal-use software.

Segment Asset Impairments

The following table reflects asset impairments by segment for each fiscal year in which impairment charges were incurred:


(in thousands)
Year Ended August 31, 2024	Americas		EMEA		Asia Pacific		Total
Lease ROU assets and PPE(1)	$	—	$	—	$	3,443	$	3,443
Intangible assets(2)	1,234		—		—		1,234
Total asset impairments	$	1,234	$	—	$	3,443	$	4,677


Year Ended August 31, 2023	Americas		EMEA		Asia Pacific		Total
Lease ROU assets and PPE(1)	$	11,017	$	7,009	$	—	$	18,026
Intangible assets(2)	7,920		—		—		7,920
Total asset impairments	$	18,937	$	7,009	$	—	$	25,946


Year Ended August 31, 2022	Americas		EMEA		Asia Pacific		Total
Lease ROU assets and PPE(1)	$	57,647	$	4,237	$	321	$	62,205
Intangible assets(2)	2,067		—		—		2,067
Total asset impairments	$	59,714	$	4,237	$	321	$	64,272

(1)Asset impairments of our lease ROU assets and related PPE associated with vacating certain leased office space to rightsize our real estate footprint. See Note 4, Fair Value Measures, Note 7, Property, Equipment and Leasehold Improvements and Note 11, Leases for additional information.

(2)Asset impairments related to Developed technology for fiscal 2024, Developed technology and Trade names for fiscal 2023 and Developed technology for fiscal 2022.

Segment Total Assets

The following table reflects the total assets for our segments:


	As of August 31,
(in thousands)	2024		2023
Segment Assets
Americas	$	3,178,800	$	3,148,192
EMEA	600,206		558,393
Asia Pacific	276,034		256,337
Total assets	$	4,055,040	$	3,962,922

Geographic Information

The following tables reflect our revenues and long-lived assets, split geographically by our country of domicile (the United States) and other countries where major subsidiaries are domiciled.

Geographic Revenues

The following table sets forth revenues by geography, attributed to countries based on the location of the client:


(in thousands)	Years ended August 31,
	2024		2023		2022
Revenues
United States	$	1,340,350	$	1,265,002	$	1,106,602
United Kingdom	221,850		223,809		215,369
Other European Countries	341,278		316,034		268,910
All Other Countries	299,578		280,663		253,011
Total revenues	$	2,203,056	$	2,085,508	$	1,843,892

Geographic Long-Lived Assets

The following table sets forth long-lived assets by geographic area. Long-lived assets consist of PPE, net and Lease ROU assets, net and excludes goodwill, intangible assets, deferred taxes and other assets.


(in thousands)	August 31,
	2024		2023
Long-lived Assets
United States	$	108,208	$	109,787
Philippines	46,191		55,934
India	22,159		25,223
United Kingdom	10,243		11,532
All Other Countries	26,206		25,468
Total long-lived assets	$	213,007	$	227,944

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Balance, beginning of period (in shares) at Aug. 31, 2021		41,163,192
Beginning balance at Aug. 31, 2021	$ 1,016,353	$ 412	$ 1,048,305	$ (905,917)	$ 912,515	$ (38,962)
Beginning balance, treasury stock (in shares) at Aug. 31, 2021				3,547,773
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	396,917				396,917
Other comprehensive income (loss)	(69,421)					(69,421)
Common stock issued for employee stock plans (in shares)		450,527		260
Common stock issued for employee stock plans	85,919	$ 5	86,042	$ (128)
Vesting of restricted stock (in shares)		39,499		14,229
Vesting of restricted stock	$ (6,031)			$ (6,031)
Repurchase of common stock (in shares)	46,200			46,200
Repurchases of common stock	$ (18,639)			$ (18,639)
Stock-based compensation expense	56,003		56,003
Dividends declared	(129,693)				(129,693)
Balance, end of period (in shares) at Aug. 31, 2022		41,653,218
Ending balance at Aug. 31, 2022	1,331,408	$ 417	1,190,350	$ (930,715)	1,179,739	(108,383)
Ending balance, treasury stock (in shares) at Aug. 31, 2022				3,608,462
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	468,173				468,173
Other comprehensive income (loss)	21,242					21,242
Common stock issued for employee stock plans (in shares)		360,375		410
Common stock issued for employee stock plans	71,840	$ 3	72,003	$ (166)
Vesting of restricted stock (in shares)		83,035		32,034
Vesting of restricted stock	(13,544)	$ 1	(1)	$ (13,544)
Excise tax on share repurchases	$ (932)			$ (932)
Repurchase of common stock (in shares)	430,350			430,350
Repurchases of common stock	$ (176,720)			$ (176,720)
Stock-based compensation expense	62,038		62,038
Dividends declared	(142,816)				(142,816)
Other	$ (759)		(759)
Balance, end of period (in shares) at Aug. 31, 2023	38,025,372	42,096,628
Ending balance at Aug. 31, 2023	$ 1,619,930	$ 421	1,323,631	$ (1,122,077)	1,505,096	(87,141)
Ending balance, treasury stock (in shares) at Aug. 31, 2023	4,071,256			4,071,256
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 537,126				537,126
Other comprehensive income (loss)	7,528					7,528
Common stock issued for employee stock plans (in shares)		407,542		831
Common stock issued for employee stock plans	91,336	$ 4	91,708	$ (376)
Vesting of restricted stock (in shares)		94,745		36,758
Vesting of restricted stock	(16,283)	$ 1	(1)	$ (16,283)
Excise tax on share repurchases	$ (1,725)			$ (1,725)
Repurchase of common stock (in shares)	537,800			537,800
Repurchases of common stock	$ (235,235)			$ (235,235)
Stock-based compensation expense	63,501		63,501
Dividends declared	$ (153,718)				(153,718)
Balance, end of period (in shares) at Aug. 31, 2024	37,952,270	42,598,915
Ending balance at Aug. 31, 2024	$ 1,912,460	$ 426	$ 1,478,839	$ (1,375,696)	$ 1,888,504	$ (79,613)
Ending balance, treasury stock (in shares) at Aug. 31, 2024	4,646,645			4,646,645

DEBT - Interest Expense (Details) - USD ($) $ in Thousands	12 Months Ended
DEBT - Interest Expense (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Debt Disclosure [Abstract]
Interest expense on outstanding debt	$ 65,412	$ 66,283	$ 35,152

STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Aug. 31, 2024

Equity [Abstract]

Schedule of Share Repurchases

The following table presents the shares of common stock repurchased under our share repurchase program and acquired from holders of our stock-based awards upon vesting to satisfy tax withholding requirements:

Share Repurchases


(in thousands, except share data)	Years Ended August 31,
	2024		2023		2022
Repurchases of common stock under the share repurchase program	537,800		430,350		46,200
Total cost of common stock repurchased under the share repurchase program(1)	$	235,235	$	176,720	$	18,639
Repurchases of common stock to satisfy tax withholding requirements due upon vesting of stock-based awards	37,589		32,444		14,489
Total cost of repurchases of common stock to satisfy withholding requirements due upon vesting of stock-based awards	$	16,659	$	13,710	$	6,159

(1) For fiscal 2024 and 2023, amount excludes a 1% excise tax of $1.7 million and $0.9 million, respectively, on corporate stock repurchases required under the IRA for publicly traded U.S. corporations after December 31, 2022.

Schedule of Dividends Declared

Our Board of Directors approved the following dividends:


Year Ended	Dividends per Share of Common Stock		Record Date	Total Amount (in thousands)		Payment Date
Fiscal 2024
First Quarter	$	0.98	November 30, 2023	$	37,299	December 21, 2023
Second Quarter	$	0.98	February 29, 2024	37,360		March 21, 2024
Third Quarter	$	1.04	May 31, 2024	39,589		June 20, 2024
Fourth Quarter	$	1.04	August 30, 2024	39,470		September 19, 2024
Total Dividends				$	153,718

Fiscal 2023
First Quarter	$	0.89	November 30, 2022	$	34,010	December 15, 2022
Second Quarter	$	0.89	February 28, 2023	34,099		March 16, 2023
Third Quarter	$	0.98	May 31, 2023	37,442		June 15, 2023
Fourth Quarter	$	0.98	August 31, 2023	37,265		September 21, 2023
Total Dividends				$	142,816

Fiscal 2022
First Quarter	$	0.82	November 30, 2021	$	30,973	December 16, 2021
Second Quarter	$	0.82	February 28, 2022	31,065		March 17, 2022
Third Quarter	$	0.89	May 31, 2022	33,795		June 16, 2022
Fourth Quarter	$	0.89	August 31, 2022	33,860		September 15, 2022
Total Dividends				$	129,693

Schedule of Components of AOCL

The components of AOCL as of August 31, 2024 and August 31, 2023 were as follows:


(in thousands)	August 31, 2024		August 31, 2023
Accumulated unrealized gains (losses) on cash flow hedges, net of tax	$	1,843	$	2,880
Accumulated foreign currency translation adjustments	(81,456)		(90,021)
Total AOCL	$	(79,613)	$	(87,141)

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS - Schedule of Property, Equipment and Leasehold Improvements (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Property, Plant and Equipment [Line Items]
Subtotal	$ 209,034	$ 200,242
Less accumulated depreciation and amortization	(126,521)	(114,135)
Property, equipment and leasehold improvements, net	82,513	86,107
Leasehold improvements
Property, Plant and Equipment [Line Items]
Subtotal	95,840	97,000
Computers and related equipment
Property, Plant and Equipment [Line Items]
Subtotal	84,447	70,641
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Subtotal	$ 28,747	$ 32,601

FAIR VALUE MEASURES (Tables)

12 Months Ended

Aug. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables show, by level within the fair value hierarchy, our assets and liabilities that are measured at fair value on a recurring basis as of August 31, 2024 and August 31, 2023. We did not have any transfers between levels of fair value measurements during fiscal 2024 and 2023.


(in thousands)	Fair Value Measurements as of August 31, 2024
	Level 1		Level 2		Level 3		Total
Assets
Money market funds(1)	$	129,635	$	—	$	—	$	129,635
Mutual funds(2)	—		69,619		—		69,619

Derivative instruments(3)	—		2,619		—		2,619
Total assets measured at fair value	$	129,635	$	72,238	$	—	$	201,873

Liabilities
Derivative instruments(3)	$	—	$	250	$	—	$	250
Contingent liability(4)	—		—		4,193		4,193
Total liabilities measured at fair value	$	—	$	250	$	4,193	$	4,443


(in thousands)	Fair Value Measurements as of August 31, 2023
	Level 1		Level 2		Level 3		Total
Assets
Money market funds(1)	$	137,125	$	—	$	—	$	137,125
Mutual funds(2)	—		32,210		—		32,210

Derivative instruments(3)	—		4,383		—		4,383
Total assets measured at fair value	$	137,125	$	36,593	$	—	$	173,718

Liabilities
Derivative instruments(3)	$	—	$	608	$	—	$	608
Contingent liability(4)	—		—		8,008		8,008
Total liabilities measured at fair value	$	—	$	608	$	8,008	$	8,616

(1) Our money market funds are readily convertible into cash. The net asset value of each fund on the last day of the reporting period is used to determine its fair value. Our money market funds are included in Cash and cash equivalents within the Consolidated Balance Sheets.

(2) Our mutual funds' fair value is based on the fair value of the underlying investments held by the mutual funds, allocated to each share of the mutual fund using a net asset value approach. The fair value of the underlying investments is based on observable inputs. Our mutual funds are included in Investments within the Consolidated Balance Sheets.

(3) Our derivative instruments include our foreign exchange forward contracts and interest rate swap agreements. We utilize the income approach to measure fair value for our foreign exchange forward contracts. The income approach uses pricing models that rely on market observable inputs such as spot, forward and interest rates, as well as credit default swap spreads. To estimate fair value for our interest rate swap agreement, we utilize a present value of future cash flows, leveraging a model-derived valuation that uses observable inputs such as interest rate yield curves. Refer to Note 5, Derivative Instruments for more information on our derivative instruments and their classification within the Consolidated Balance Sheets.

(4) Our contingent liability resulted from the acquisition of a business during fiscal 2023. This liability reflects the present value of potential future payments that are contingent upon the achievement of certain specified milestones. The acquisition date fair value of the contingent liability was $7.9 million and was valued using a scenario-based method. This method incorporates unobservable inputs and assumptions made by management, including the probability of achieving specified milestones, expected time until payment and the discount rate. The fair value of the contingent liability is remeasured each reporting period until the contingency is resolved, with any changes in fair value recorded in SG&A within the Consolidated Statements of Income. During fiscal 2024, as the achievement of a specified milestone was met, we reclassified $4.7 million from our contingent liability to Accounts payable and accrued expenses. The remaining change in the fair value of the contingent liability from the acquisition date through August 31, 2024 was driven by the passage of time, with no changes made to key assumptions used in our fair value estimates.

Schedule of Assets and Liabilities Measured at Carrying Values and Fair Value

The following table summarizes information on our outstanding debt as of August 31, 2024 and August 31, 2023:


		August 31, 2024				August 31, 2023
(in thousands)	Fair Value Hierarchy	Principal Amount		Estimated Fair Value		Principal Amount		Estimated Fair Value
2027 Notes	Level 1	$	500,000	$	479,760	$	500,000	$	460,890
2032 Notes	Level 1	500,000		449,380		500,000		423,700
2022 Revolving Facility	Level 3	250,000		246,578		250,000		246,875
2022 Term Facility	Level 3	125,000		125,242		375,000		376,406
Total principal amount		$	1,375,000	$	1,300,960	$	1,625,000	$	1,507,871
Total unamortized discounts and debt issuance costs		(9,027)				(12,300)
Total net carrying value of debt		$	1,365,973			$	1,612,700

LEASES (Tables)

12 Months Ended

Aug. 31, 2024

Leases [Abstract]

Schedule of Future Minimum Lease Commitments

The following table presents our future minimum lease payments and a reconciliation to the combined Current lease liabilities and Long-term lease liabilities in the Consolidated Balance Sheets as of August 31, 2024:


(in thousands)	Minimum Lease Payments
Fiscal Years Ended August 31,
2025	$	39,773
2026	39,515
2027	38,270
2028	33,733
2029	27,903
Thereafter	62,797
Total minimum lease payments	$	241,991
Less: Imputed interest	33,397
Total lease liabilities	$	208,594

Schedule of Lease Cost and Other Information Related to Leases

The following table includes components of our occupancy costs:


	Years ended August 31,
(in thousands)	2024		2023		2022
Operating lease costs(1)	$	30,407	$	32,330	$	38,830
Variable lease costs(2)	$	17,280	$	17,940	$	11,542

(1) Operating lease costs include costs associated with fixed lease payments and index-based variable payments that qualified for lease accounting under ASC 842, Leases and complied with the practical expedients and exceptions we elected.

(2) Variable lease costs include costs that are not fixed and are not dependent on an index or rate. These costs were not included in the measurement of lease liabilities and primarily include variable non-lease costs, such as utilities, real estate taxes, insurance and maintenance, as well as lease costs for those leases that qualified for the short-term lease exception.

The following table summarizes our weighted average remaining lease term and weighted average discount rate related to our operating leases recorded on the Consolidated Balance Sheets:


	As of August 31,
	2024		2023
Weighted average remaining lease term (in years)	6.9		7.8
Weighted average discount rate (IBR)	4.6	%	4.5	%

The following table summarizes supplemental cash flow information related to our operating leases:


	Years ended August 31,
(in thousands)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	39,386	$	39,392	$	43,032
Lease ROU assets obtained in exchange for lease liabilities(1)	$	10,268	$	16,934	$	9,348
Reductions to ROU assets resulting from reductions to lease liabilities(2)	$	(281)	$	(1,376)	$	(17,597)

(1) Primarily includes new lease arrangements entered into during the respective period and contract modifications that extend our lease terms and/or provide additional rights.

(2) Primarily relates to lease term reassessments based on contractual options to early terminate, resulting in a reduction to the lease liability and the corresponding lease ROU asset.

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Aug. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn October 24, 2024, we agreed to acquire all of the outstanding shares of Platform Group Limited (“Irwin”) for a purchase price of $125.0 million on a cash-free, debt-free basis, subject to working capital adjustments. Irwin is a leading investor relations and capital markets platform for public companies and their advisors. We agreed to acquire Irwin to scale and expand our ability to offer workflow solutions to investor relations professionals.

REVENUE RECOGNITION

12 Months Ended

Aug. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

We derive most of our revenues by delivering client access to our Hosted Platform, which is a subscription-based service that provides clients with a tailored selection of products and services including workstations, portfolio analytics and enterprise solutions. We also derive revenues from the Identifier Platform, a subscription-based CGS platform service that provides access to a database of universally recognized security identifiers and related descriptive data for issuers and their financial instruments.

The majority of each of our contracts with clients, whether for Hosted Platform or Identifier Platform services, represents a single performance obligation covering a series of distinct products and services that are substantially the same and that have the same pattern of transfer to the client. The primary nature of the promise to the client is to provide daily access to each of these data and analytics platforms over the associated contractual term. These platforms provide integrated financial information, analytical applications and industry-leading service for the investment community. Based on the nature of the products and services offered by these platforms, we apply an output time-based measure of progress as the client is simultaneously receiving and consuming the benefits of the respective platform. We recognize revenue for the majority of these platforms in accordance with the 'as invoiced' practical expedient, because the consideration that we have the right to invoice corresponds directly with the value of our performance to date. There are no significant judgments that would impact the timing of revenue recognition.

Due to our election of the practical expedient, we do not consider payment terms as a financing component within a client contract when, at contract inception, the period between the transfer of the promised services to the client and the payment timing for those services will be one year or less.

The majority of client contracts have a duration of one year, or the amount we are entitled to receive corresponds directly with the value of our performance obligations completed to date. Therefore, we do not disclose the value of the remaining unsatisfied performance obligations.

Disaggregated Revenues

We disaggregate revenues from our client contracts by segment based on the geographic region where the sale originated. Our business segmentation by geography is aligned with the operational and economic characteristics of our business. Refer to Note 18, Segment Information, for further information.

The following table presents revenues disaggregated by segment:


	Years ended August 31,
(in thousands)	2024		2023		2022
Americas	$	1,419,901	$	1,335,484	$	1,173,946
EMEA	563,128		539,843		484,279
Asia Pacific	220,027		210,181		185,667
Total Revenues	$	2,203,056	$	2,085,508	$	1,843,892

We have not disclosed revenues from external clients by product and service, as it is impracticable for us to do so.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Aug. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

DESCRIPTION OF BUSINESS (Details)	12 Months Ended
DESCRIPTION OF BUSINESS (Details)	Aug. 31, 2024 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

ACQUISITIONS - Narrative (Details) - USD ($) $ in Thousands			12 Months Ended
ACQUISITIONS - Narrative (Details) - USD ($) $ in Thousands	Mar. 01, 2022	Oct. 12, 2021	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Business Acquisition [Line Items]
Purchase price			$ 0	$ 23,593	$ 1,981,641
Goodwill			$ 1,011,129	$ 1,004,736	$ 965,848
CUSIP Global Services
Business Acquisition [Line Items]
Purchase price	$ 1,932,000
Goodwill	$ 214,970
Cobalt Software, Inc.
Business Acquisition [Line Items]
Purchase price		$ 50,000
Goodwill		$ 41,338

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Aug. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments represent obligations, such as those for future purchases of goods or services that are not yet recorded on the balance sheet as liabilities. We record liabilities for commitments when incurred (i.e., when the goods or services are received). Except for income tax contingencies, we accrue for contingencies when we believe that a loss is probable and the amount can be reasonably estimated. Judgment is required to determine both the probability and the estimated amount of loss. If the reasonable estimate of a probable loss is a range, we record an accrual for the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount. We review these accruals on a quarterly basis and adjust, as necessary, to reflect the impact of negotiations, settlements, rulings, advice of legal counsel and other current information. Contingent gains are recognized only when realized. Income tax contingencies related to uncertain tax positions are accounted for in accordance with applicable accounting guidance. Refer to Note 2, Summary of Significant Accounting Policies - Income Taxes for further details. Purchase Commitments with Suppliers and Vendors Purchase obligations represent our legally-binding agreements to purchase fixed or minimum quantities at determinable prices. As of August 31, 2024 and 2023, we had total purchase obligations with suppliers and vendors of $382.6 million and $362.2 million, respectively. Our total purchase obligations as of August 31, 2024 and 2023 primarily related to hosting services, acquisition of data and, to a lesser extent, third-party software providers. We also have contractual obligations related to our lease liabilities and outstanding debt. Refer to Note 11, Leases and Note 12, Debt, for information regarding lease commitments and outstanding debt obligations, respectively. Letters of Credit From time to time, we are required to obtain letters of credit in the ordinary course of business. As of August 31, 2024 and 2023, we had $0.4 million and $0.6 million of standby letters of credit outstanding, respectively. No liabilities related to these arrangements are reflected in the Consolidated Balance Sheets. Our 2022 Revolving Facility allows for the availability of up to $100.0 million in the form of letters of credit. We have not obtained any letters of credit under the 2022 Revolving Facility since its inception. Refer to Note 12, Debt, for information regarding the 2022 Revolving Facility. Contingencies Legal Matters We are engaged in various legal proceedings, claims and litigation that have arisen in the ordinary course of business. The outcome of all the matters against us are subject to future resolution, including the uncertainties of litigation. Based on information available at August 31, 2024, our management believes that the ultimate outcome of these unresolved matters against us, individually or in the aggregate, will not have a material adverse effect on our consolidated financial position, our results of operations or our cash flows. Income Taxes As a multinational company operating in many states and countries, we are routinely audited by various taxing authorities and have reserved for potential adjustments to our provision for income taxes that may result from examinations by, or any negotiated settlements with, these tax authorities. We believe that the final outcome of these examinations or settlements will not have a material effect on our consolidated financial position, results of operations or our cash flows. If events occur which indicate payment of these amounts is unnecessary, the reversal of the liabilities would result in the recognition of tax benefits in the period we determine the liabilities are no longer necessary. If our estimates of the federal, state and foreign income tax liabilities are less than the ultimate assessment, additional expense would result. Sales Tax Matters On August 8, 2019, we received a Notice of Intent to Assess (the "First Notice") additional sales taxes, interest and underpayment penalties (the "Sales Taxes") from the Commonwealth of Massachusetts Department of Revenue (the "Commonwealth") relating to the tax periods from January 1, 2006 through December 31, 2013. On July 20, 2021, we received a Notice of Intent to Assess (the "Second Notice") additional Sales Taxes from the Commonwealth relating to the tax periods from January 1, 2014 through December 31, 2018. On December 29, 2022, we received a Notice of Intent to Assess (the "Third Notice"; cumulatively with the First and Second Notices, the "Notices") additional Sales Taxes from the Commonwealth relating to the tax periods from January 1, 2019 through June 30, 2021. We requested pre-assessment conferences with the Department of Revenue's Office of Appeals to appeal the Notices and on May 24, 2023, we received a Letter of Determination from the Commonwealth upholding the Notices, along with a Notice of Assessment for all the periods covered by the Notices. On June 22, 2023, we filed an Application for Abatement with the Commonwealth disputing all amounts assessed, which was subsequently denied. On February 20, 2024, we received a "Notice of Selection for Audit" for sales tax for the period from July 1, 2021 through December 31, 2023. We have filed petitions with the Appellate Tax Board to appeal the amounts assessed by the Commonwealth and, should this matter proceed further, we believe that we would prevail on all or most of the matters under dispute; however, if we do not prevail, the amount of these assessments could have a material impact on our consolidated financial position, results of operations and cash flows. We have concluded that some payment to the Commonwealth is probable. During the fourth quarter of fiscal 2024, we took a charge of approximately $54 million related to this dispute and subsequently, in September 2024, we made the corresponding payment of $54 million to the Commonwealth. In addition to reserves taken in prior fiscal years, this brings our total charge with respect to this matter to approximately $64 million. While we do not anticipate taking additional material charges with respect to this matter, and we believe that the assumptions and estimates used to determine the charge are reasonable, future developments could result in adjustments being made to this amount. Indemnifications As permitted or required under Delaware law and to the maximum extent allowable under that law, we have certain obligations to indemnify each of our current and former officers and directors for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. These indemnification obligations are valid as long as the director or officer acted in good faith and in a manner the person reasonably believed to be in, or not opposed to, the best interests of FactSet, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful. It is not possible to determine the maximum potential amount for claims made under the indemnification obligations due to the unique set of facts and circumstances likely to be involved in each particular claim and indemnification provision; however, we have purchased a director and officer insurance policy that mitigates our exposure and may enable us to recover a portion of any future amounts paid. We do not believe, based on historical experience and information currently available, that it is probable that any material amounts will be required to be paid under such indemnification obligations.

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Income Statement [Abstract]
Revenues	$ 2,203,056	$ 2,085,508	$ 1,843,892
Operating expenses
Cost of services	1,011,945	973,225	871,106
Selling, general and administrative	485,135	457,130	433,032
Asset impairments	4,677	25,946	64,272
Total operating expenses	1,501,757	1,456,301	1,368,410
Operating income	701,299	629,207	475,482
Other income (expense), net
Interest income	14,447	12,809	6,175
Interest expense	(65,778)	(66,319)	(35,697)
Other income (expense), net	1,535	8,257	(2,366)
Total other income (expense), net	(49,796)	(45,253)	(31,888)
Income before income taxes	651,503	583,954	443,594
Provision for income taxes	114,377	115,781	46,677
Net income	$ 537,126	$ 468,173	$ 396,917
Basic earnings per common share (in USD per share)	$ 14.11	$ 12.26	$ 10.48
Diluted earnings per common share (in USD per share)	$ 13.91	$ 12.04	$ 10.25
Basic weighted average common shares (in shares)	38,059	38,194	37,864
Diluted weighted average common shares (in shares)	38,618	38,898	38,736

FAIR VALUE MEASURES - Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Assets
Derivative instruments	$ 2,619	$ 4,383
Total assets measured at fair value	201,873	173,718
Liabilities
Derivative instruments	250	608
Contingent liability	4,193	8,008
Total liabilities measured at fair value	4,443	8,616
Reclassification of contingent liability to Accounts payable and accrued expenses	4,700
Series of Individually Immaterial Business Acquisitions
Liabilities
Contingent liability		7,900
Mutual funds
Assets
Mutual funds	69,619	32,210
Money market funds
Assets
Money market funds	129,635	137,125
Level 1
Assets
Derivative instruments	0	0
Total assets measured at fair value	129,635	137,125
Liabilities
Derivative instruments	0	0
Contingent liability	0	0
Total liabilities measured at fair value	0	0
Level 1 \| Mutual funds
Assets
Mutual funds	0	0
Level 1 \| Money market funds
Assets
Money market funds	129,635	137,125
Level 2
Assets
Derivative instruments	2,619	4,383
Total assets measured at fair value	72,238	36,593
Liabilities
Derivative instruments	250	608
Contingent liability	0	0
Total liabilities measured at fair value	250	608
Level 2 \| Mutual funds
Assets
Mutual funds	69,619	32,210
Level 2 \| Money market funds
Assets
Money market funds	0	0
Level 3
Assets
Derivative instruments	0	0
Total assets measured at fair value	0	0
Liabilities
Derivative instruments	0	0
Contingent liability	4,193	8,008
Total liabilities measured at fair value	4,193	8,008
Level 3 \| Mutual funds
Assets
Mutual funds	0	0
Level 3 \| Money market funds
Assets
Money market funds	$ 0	$ 0

Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands

12 Months Ended

Aug. 31, 2024

Aug. 31, 2023

Aug. 31, 2022

Statement of Comprehensive Income [Abstract]

Net income

$ 537,126

$ 468,173

$ 396,917

Other comprehensive income (loss), net of tax

Net unrealized gain (loss) on cash flow hedges

^[1]

(1,037)

(269)

5,245

Foreign currency translation adjustment gains (losses)

8,565

21,511

(74,666)

Other comprehensive income (loss)

7,528

21,242

(69,421)

Comprehensive income

$ 544,654

$ 489,415

$ 327,496

[1]	Presented net of a tax benefit of $369 thousand, tax benefit of $61 thousand, and a tax expense of $1,657 thousand for the years ended August 31, 2024, 2023 and 2022, respectively.

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

SEGMENT INFORMATION (Tables)

12 Months Ended

Aug. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following tables reflect the results of operations of our segments:


(in thousands)
Year Ended August 31, 2024	Americas		EMEA		Asia Pacific		Total
Revenues	$	1,419,901	$	563,128	$	220,027	$	2,203,056
Operating income(1)	$	261,790	$	282,963	$	156,546	$	701,299
Depreciation and amortization	$	110,147	$	7,171	$	7,869	$	125,187
Stock-based compensation	$	51,601	$	8,007	$	3,893	$	63,501
Capital expenditures(2)	$	77,417	$	3,835	$	4,429	$	85,681


Year Ended August 31, 2023	Americas		EMEA		Asia Pacific		Total
Revenues	$	1,335,484	$	539,843	$	210,181	$	2,085,508
Operating income(1)	$	239,438	$	243,028	$	146,741	$	629,207
Depreciation and amortization	$	89,602	$	7,305	$	8,477	$	105,384
Stock-based compensation	$	51,574	$	7,280	$	3,184	$	62,038
Capital expenditures(2)	$	54,609	$	2,317	$	3,860	$	60,786


Year Ended August 31, 2022	Americas		EMEA		Asia Pacific		Total
Revenues	$	1,173,946	$	484,279	$	185,667	$	1,843,892
Operating income(1)	$	159,140	$	196,231	$	120,111	$	475,482
Depreciation and amortization	$	64,916	$	11,794	$	9,973	$	86,683
Stock-based compensation	$	45,319	$	8,271	$	2,413	$	56,003
Capital expenditures(2)	$	44,114	$	1,427	$	5,615	$	51,156

(1)Includes asset impairment charges further disclosed in the Segment Asset Impairments section below.

(2)Capital expenditures include purchases of PPE and capitalized internal-use software.

Segment Asset Impairments

The following table reflects asset impairments by segment for each fiscal year in which impairment charges were incurred:


(in thousands)
Year Ended August 31, 2024	Americas		EMEA		Asia Pacific		Total
Lease ROU assets and PPE(1)	$	—	$	—	$	3,443	$	3,443
Intangible assets(2)	1,234		—		—		1,234
Total asset impairments	$	1,234	$	—	$	3,443	$	4,677


Year Ended August 31, 2023	Americas		EMEA		Asia Pacific		Total
Lease ROU assets and PPE(1)	$	11,017	$	7,009	$	—	$	18,026
Intangible assets(2)	7,920		—		—		7,920
Total asset impairments	$	18,937	$	7,009	$	—	$	25,946


Year Ended August 31, 2022	Americas		EMEA		Asia Pacific		Total
Lease ROU assets and PPE(1)	$	57,647	$	4,237	$	321	$	62,205
Intangible assets(2)	2,067		—		—		2,067
Total asset impairments	$	59,714	$	4,237	$	321	$	64,272

(2)Asset impairments related to Developed technology for fiscal 2024, Developed technology and Trade names for fiscal 2023 and Developed technology for fiscal 2022.

Segment Total Assets

The following table reflects the total assets for our segments:


	As of August 31,
(in thousands)	2024		2023
Segment Assets
Americas	$	3,178,800	$	3,148,192
EMEA	600,206		558,393
Asia Pacific	276,034		256,337
Total assets	$	4,055,040	$	3,962,922

Schedule of Revenue by Geographic Areas

The following table sets forth revenues by geography, attributed to countries based on the location of the client:


(in thousands)	Years ended August 31,
	2024		2023		2022
Revenues
United States	$	1,340,350	$	1,265,002	$	1,106,602
United Kingdom	221,850		223,809		215,369
Other European Countries	341,278		316,034		268,910
All Other Countries	299,578		280,663		253,011
Total revenues	$	2,203,056	$	2,085,508	$	1,843,892

Schedule of Long-lived Assets by Geographic Areas


(in thousands)	August 31,
	2024		2023
Long-lived Assets
United States	$	108,208	$	109,787
Philippines	46,191		55,934
India	22,159		25,223
United Kingdom	10,243		11,532
All Other Countries	26,206		25,468
Total long-lived assets	$	213,007	$	227,944

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Aug. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

GOODWILL - Changes in Carrying Amount of Goodwill by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Goodwill [Roll Forward]
Beginning balance	$ 1,004,736	$ 965,848
Acquisitions	(305)	18,347
Foreign currency translations	6,698	20,541
Ending Balance	1,011,129	1,004,736
Americas
Goodwill [Roll Forward]
Beginning balance	704,759	686,412
Acquisitions	(305)	18,347
Foreign currency translations	0	0
Ending Balance	704,454	704,759
EMEA
Goodwill [Roll Forward]
Beginning balance	297,734	277,087
Acquisitions	0	0
Foreign currency translations	6,708	20,647
Ending Balance	304,442	297,734
Asia Pacific
Goodwill [Roll Forward]
Beginning balance	2,243	2,349
Acquisitions	0	0
Foreign currency translations	(10)	(106)
Ending Balance	$ 2,233	$ 2,243

- Definition

+ References

+ Details

SCHEDULE II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 7,769	$ 2,776	$ 6,431
Charged to Expense	7,420	6,668	1,324
Write-offs, Net of Recoveries	(608)	(1,675)	(4,979)
Balance at End of Year	$ 14,581	$ 7,769	$ 2,776

ACQUISITIONS (Tables)

12 Months Ended

Aug. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Acquisition Date Fair Values of Major Classes of Assets Acquired and Liabilities Assumed

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets(1)

29,728

Amortizable intangible assets

ABA business process

1,583,000

36 years

Straight-line

Client relationships

164,000

26 years

Straight-line

Acquired databases

46,000

15 years

Straight-line

Goodwill

214,970

Current liabilities(2)

(104,691)

Deferred revenues, long-term

(1,481)

Total purchase price

1,931,526

(1) Includes an accounts receivable balance of $29.5 million.

The acquisition date fair values of major classes of assets acquired and liabilities assumed are as follows:

Acquisition Date Fair Value

Acquisition Date Useful Life

Amortization Method

(in thousands)

(in years)

Current assets

540

Amortizable intangible assets

Software technology

7,750

5 years

Straight-line

Client relationships

4,800

11 years

Straight-line

Goodwill

41,338

Other assets

Current liabilities

(4,437)

Other liabilities

(7)

Total purchase price

50,018

STOCK-BASED COMPENSATION - Schedule of Weighted Average Assumptions (Details) - Employee - $ / shares				12 Months Ended
	Nov. 01, 2023	Nov. 01, 2022	Nov. 01, 2021	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	242,371	266,051	292,377	243,379	268,185	348,458
Weighted average grant date fair value (in dollars per share)				$ 132.59	$ 125.57	$ 103.49
Weighted average exercise price (in dollars per share)				$ 436.61	$ 426.22	$ 433.09
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate, minimum				3.78%	3.37%	0.07%
Risk-free interest rate, maximum				5.53%	5.05%	2.99%
Expected life				6 years 7 months 6 days	6 years 7 months 6 days	6 years 10 months 24 days
Expected volatility, minimum				19.00%	24.00%	24.00%
Expected volatility, maximum				25.00%	25.00%	25.00%
Dividend yield				0.90%	0.83%	0.86%
Vesting percentage (as a percent)	20.00%	20.00%	20.00%
Award vesting period (in years)	5 years	5 years	5 years
Expiration period	10 years	10 years	10 years

INCOME TAXES - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Current
U.S. federal	$ 46,903	$ 38,625	$ 12,766
U.S. state and local	40,926	38,600	10,936
Non-U.S.	58,568	69,675	31,690
Total current taxes	146,397	146,900	55,392
Deferred
U.S. federal	(26,962)	(17,235)	(4,722)
U.S. state and local	(5,648)	(5,652)	(874)
Non-U.S.	590	(8,232)	(3,119)
Total deferred taxes	(32,020)	(31,119)	(8,715)
Provision for income taxes	$ 114,377	$ 115,781	$ 46,677

SUBSEQUENT EVENTS (Details) $ in Millions	Oct. 24, 2024 USD ($)
Irwin \| Subsequent event
Subsequent Event [Line Items]
Acquisition purchase price	$ 125.0

INCOME TAXES - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 21,053	$ 20,171	$ 14,870
Additions based on tax positions related to the current year	17,794	4,372	7,959
Release for tax positions of prior years	(3,557)	(3,490)	(2,658)
Ending balance	35,290	21,053	20,171
Accrued interest	$ 3,900	$ 1,600	$ 1,400

REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	12 Months Ended
REVENUE RECOGNITION (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Disaggregation of Revenue [Line Items]
Total Revenues	$ 2,203,056	$ 2,085,508	$ 1,843,892
Americas
Disaggregation of Revenue [Line Items]
Total Revenues	1,419,901	1,335,484	1,173,946
EMEA
Disaggregation of Revenue [Line Items]
Total Revenues	563,128	539,843	484,279
Asia Pacific
Disaggregation of Revenue [Line Items]
Total Revenues	$ 220,027	$ 210,181	$ 185,667

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

+ References

+ Details

COVER - USD ($)	12 Months Ended
COVER - USD ($)	Aug. 31, 2024	Oct. 21, 2024	Feb. 29, 2024
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Aug. 31, 2024
Current Fiscal Year End Date	--08-31
Document Transition Report	false
Entity File Number	1-11869
Entity Registrant Name	FACTSET RESEARCH SYSTEMS INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3362547
Entity Address, Address Line One	45 Glover Avenue
Entity Address, City or Town	Norwalk
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06850
City Area Code	203
Local Phone Number	810-1000
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	FDS
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 17,602,720,964
Entity Common Stock, Shares Outstanding		37,988,845
Documents Incorporated by Reference	Certain information required by Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for our 2024 Annual Meeting of Stockholders, which will be filed with the Securities and Exchange Commission not later than 120 days after August 31, 2024.
Entity Central Index Key	0001013237
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
New York Stock Exchange LLC
Entity Information [Line Items]
Security Exchange Name	NYSE
The Nasdaq Stock Market
Entity Information [Line Items]
Security Exchange Name	NASDAQ

STOCK-BASED COMPENSATION - Schedule of Restricted Stock Award Activity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Weighted Average Grant Date Fair Value Per Award
Unamortized stock-based compensation	$ 123.0
Remaining weighted average vesting period (in years)	2 years 9 months 18 days
Restricted stock, RSUs and PSUs
Number Outstanding
Beginning balance (in shares)	244,000	233,000	197,000
Vested (in shares)	(95,000)	(83,000)	(40,000)
Forfeited (in shares)	(14,000)	(14,000)	(29,000)
Ending balance (in shares)	261,639	244,000	233,000
Weighted Average Grant Date Fair Value Per Award
Beginning balance (in dollars per share)	$ 381.15	$ 338.87	$ 274.10
Vested (in dollars per share)	330.00	291.80	242.87
Forfeited (in dollars per share)	405.37	369.71	323.16
Ending balance (in dollars per share)	$ 412.47	$ 381.15	$ 338.87
Unamortized stock-based compensation	$ 70.0
Remaining weighted average vesting period (in years)	2 years 7 months 6 days
Employee \| Restricted stock, RSUs and PSUs
Number Outstanding
Granted (in shares)	111,000	97,000	103,000
Weighted Average Grant Date Fair Value Per Award
Granted (in dollars per share)	$ 423.57	$ 416.58	$ 418.16
Employee \| RSUs
Number Outstanding
Granted (in shares)	74,456	63,009	71,978
Employee \| PSUs
Number Outstanding
Granted (in shares)	37,008	34,482	30,704
Performance adjustment (in shares)	14,000	9,000
Weighted Average Grant Date Fair Value Per Award
Performance adjustment (in dollars per share)	$ 306.33	$ 245.67
Non-employee directors \| RSUs
Number Outstanding
Granted (in shares)	2,000	2,000	2,000
Weighted Average Grant Date Fair Value Per Award
Granted (in dollars per share)	$ 458.23	$ 425.06	$ 425.29

LEASES

12 Months Ended

Aug. 31, 2024

Leases [Abstract]

LEASES

Our operating lease arrangements relate to our office space and data centers. We review new arrangements at inception to evaluate whether we obtain substantially all the economic benefits of and have the right to control the use of an asset. Our lease ROU assets and lease liabilities are recognized based on the present value of future minimum lease payments at lease commencement or modification date (which includes fixed lease payments and certain qualifying index-based variable payments) over the reasonably certain lease term, leveraging an estimated IBR. Certain adjustments to calculate our lease ROU assets may be required due to prepayments, lease incentives received and initial direct costs incurred. We account for lease and non-lease components as a single lease component, which we recognize over the expected lease term on a straight-line expense basis in occupancy costs (a component of SG&A expense) in our Consolidated Statements of Income.

As of August 31, 2024, we recognized $130.5 million of Lease ROU assets, net and $208.6 million of combined Current lease liabilities and Long-term lease liabilities in the Consolidated Balance Sheets. Our leases have a remaining lease term ranging from less than one year to just over 11 years. Our lease agreements may include options to extend or terminate the lease which are included in the measurement of our lease term when it is reasonably certain that we will exercise the option.


(in thousands)	Minimum Lease Payments
Fiscal Years Ended August 31,
2025	$	39,773
2026	39,515
2027	38,270
2028	33,733
2029	27,903
Thereafter	62,797
Total minimum lease payments	$	241,991
Less: Imputed interest	33,397
Total lease liabilities	$	208,594

The following table includes components of our occupancy costs:


	Years ended August 31,
(in thousands)	2024		2023		2022
Operating lease costs(1)	$	30,407	$	32,330	$	38,830
Variable lease costs(2)	$	17,280	$	17,940	$	11,542

The following table summarizes our weighted average remaining lease term and weighted average discount rate related to our operating leases recorded on the Consolidated Balance Sheets:


	As of August 31,
	2024		2023
Weighted average remaining lease term (in years)	6.9		7.8
Weighted average discount rate (IBR)	4.6	%	4.5	%

The following table summarizes supplemental cash flow information related to our operating leases:


	Years ended August 31,
(in thousands)	2024		2023		2022
Cash paid for amounts included in the measurement of lease liabilities	$	39,386	$	39,392	$	43,032
Lease ROU assets obtained in exchange for lease liabilities(1)	$	10,268	$	16,934	$	9,348
Reductions to ROU assets resulting from reductions to lease liabilities(2)	$	(281)	$	(1,376)	$	(17,597)

(1) Primarily includes new lease arrangements entered into during the respective period and contract modifications that extend our lease terms and/or provide additional rights.

(2) Primarily relates to lease term reassessments based on contractual options to early terminate, resulting in a reduction to the lease liability and the corresponding lease ROU asset.

During fiscal 2024, 2023 and 2022, we incurred impairment charges of $1.6 million, $14.4 million and $31.5 million, respectively, related to our lease ROU assets associated with vacating certain leased office space, which are included in Asset impairments in the Consolidated Statements of Income. Refer to Note 4, Fair Value Measures, for more information on the lease ROU assets impairment methodology.

INCOME TAXES - Reconciliation of Effective Tax Rate (Details)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Income Tax Disclosure [Abstract]
Tax at U.S. Federal statutory tax rate	21.00%	21.00%	21.00%
State and local taxes, net of U.S. federal income tax benefit	2.20%	3.10%	1.80%
Foreign income at other than U.S. rates	1.50%	(0.10%)	(1.20%)
Foreign derived intangible income ("FDII") deduction	(2.30%)	(1.60%)	(2.20%)
Income tax benefits from R&D tax credits	(2.80%)	(3.80%)	(4.10%)
Stock-based payments	(2.10%)	(2.20%)	(3.40%)
U.S. impact of foreign income	(2.50%)	(0.60%)	0.00%
Uncertain tax positions	2.30%	0.50%	0.40%
One-time adjustment	0.00%	3.80%	0.00%
Other, net	0.30%	(0.30%)	(1.80%)
Effective tax rate	17.60%	19.80%	10.50%

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

12 Months Ended

Aug. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS

Property, equipment and leasehold improvements consist of the following:


(in thousands)	August 31,
	2024		2023
Leasehold improvements	$	95,840	$	97,000
Computers and related equipment	84,447		70,641
Furniture and fixtures	28,747		32,601
Subtotal	$	209,034	$	200,242
Less accumulated depreciation and amortization	(126,521)		(114,135)
Property, equipment and leasehold improvements, net	$	82,513	$	86,107

PPE depreciation and amortization expense was $20.2 million, $18.1 million and $24.3 million for fiscal 2024, 2023 and 2022, respectively.

During fiscal 2024, 2023 and 2022, we incurred impairment charges of $1.8 million, $3.6 million and $30.7 million, respectively, for PPE related to vacating certain leased office space. The impairment charges are included within Asset impairments in the Consolidated Statements of Income. Refer to Note 4, Fair Value Measures, for more information on the PPE impairment methodology.

STOCKHOLDERS’ EQUITY

12 Months Ended

Aug. 31, 2024

Equity [Abstract]

STOCKHOLDERS’ EQUITY

STOCKHOLDERS' EQUITY

Share Repurchases


(in thousands, except share data)	Years Ended August 31,
	2024		2023		2022
Repurchases of common stock under the share repurchase program	537,800		430,350		46,200
Total cost of common stock repurchased under the share repurchase program(1)	$	235,235	$	176,720	$	18,639
Repurchases of common stock to satisfy tax withholding requirements due upon vesting of stock-based awards	37,589		32,444		14,489
Total cost of repurchases of common stock to satisfy withholding requirements due upon vesting of stock-based awards	$	16,659	$	13,710	$	6,159

We may repurchase shares of our common stock under our share repurchase program from time-to-time in the open market or via privately negotiated transactions, subject to market conditions. We suspended our share repurchase program beginning in the second quarter of fiscal 2022, with the exception of potential minor repurchases to offset dilution from grants of equity awards or repurchases to satisfy withholding tax obligations due upon the vesting of stock-based awards, to prioritize the repayment of debt under the 2022 Credit Facilities. We resumed our share repurchase program in the third quarter of fiscal 2023.

There is no defined number of shares to be repurchased over a specified timeframe through the life of our share repurchase program. We had $64.8 million that remained authorized under our share repurchase program as of August 31, 2024, all of which expired upon the conclusion of fiscal 2024 and was not available for share repurchases after that date. On September 17, 2024, our Board of Directors authorized up to $300 million for share repurchases, which will be available during fiscal 2025. Refer to Part II, Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities, of this Annual Report on Form 10-K for further discussion on our share repurchase program.

In addition to our share repurchase program, we also acquire shares of our common stock from holders of our stock-based awards to satisfy withholding tax requirements due at vesting. Shares acquired from these holders do not reduce the amount authorized for repurchase under the share repurchase program.

Equity-based Awards

Refer to Note 16, Stock-Based Compensation for more information on equity awards issued during fiscal 2022 through fiscal 2024.

Dividends

Our Board of Directors approved the following dividends:


Year Ended	Dividends per Share of Common Stock		Record Date	Total Amount (in thousands)		Payment Date
Fiscal 2024
First Quarter	$	0.98	November 30, 2023	$	37,299	December 21, 2023
Second Quarter	$	0.98	February 29, 2024	37,360		March 21, 2024
Third Quarter	$	1.04	May 31, 2024	39,589		June 20, 2024
Fourth Quarter	$	1.04	August 30, 2024	39,470		September 19, 2024
Total Dividends				$	153,718

Fiscal 2023
First Quarter	$	0.89	November 30, 2022	$	34,010	December 15, 2022
Second Quarter	$	0.89	February 28, 2023	34,099		March 16, 2023
Third Quarter	$	0.98	May 31, 2023	37,442		June 15, 2023
Fourth Quarter	$	0.98	August 31, 2023	37,265		September 21, 2023
Total Dividends				$	142,816

Fiscal 2022
First Quarter	$	0.82	November 30, 2021	$	30,973	December 16, 2021
Second Quarter	$	0.82	February 28, 2022	31,065		March 17, 2022
Third Quarter	$	0.89	May 31, 2022	33,795		June 16, 2022
Fourth Quarter	$	0.89	August 31, 2022	33,860		September 15, 2022
Total Dividends				$	129,693

In the third quarter of fiscal 2024, our Board of Directors approved a 6% increase in the regular quarterly dividend from $0.98 to $1.04 per share. Future cash dividend payments are subject to final determination by our Board of Directors and will depend on our earnings, capital requirements, financial condition and other relevant factors.

Accumulated Other Comprehensive Loss

The components of AOCL as of August 31, 2024 and August 31, 2023 were as follows:


(in thousands)	August 31, 2024		August 31, 2023
Accumulated unrealized gains (losses) on cash flow hedges, net of tax	$	1,843	$	2,880
Accumulated foreign currency translation adjustments	(81,456)		(90,021)
Total AOCL	$	(79,613)	$	(87,141)

- Definition

The entire disclosure for equity.

+ References

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+ Details

DEBT - Debt Obligations (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Current debt
Total unamortized debt issuance costs on Current debt	$ (158)	$ 0
Current debt	124,842	0
Long-term debt
Total unamortized discounts and debt issuance costs	(8,869)	(12,300)
Long-term debt	1,241,131	1,612,700
Total net carrying value of debt	1,365,973	1,612,700
Senior Notes \| 2027 Notes
Long-term debt
Long-term debt, gross	500,000	500,000
Senior Notes \| 2032 Notes
Long-term debt
Long-term debt, gross	500,000	500,000
Term Loan \| Line of Credit \| Credit Agreement 2022
Current debt
Current debt, gross	125,000	0
Long-term debt
Long-term debt, gross	0	375,000
Revolving Credit Facility \| Line of Credit \| Credit Agreement 2022
Long-term debt
Long-term debt, gross	$ 250,000	$ 250,000

DERIVATIVE INSTRUMENTS - Gross Notional Values (Details) - Cash flow hedging - Derivatives designated as hedging instruments - USD ($) $ in Thousands	Aug. 31, 2024	Mar. 01, 2024	Aug. 31, 2023	Mar. 01, 2022	Mar. 05, 2020
Derivative [Line Items]
Gross notional value	$ 288,155		$ 372,644
Foreign currency forward contracts
Derivative [Line Items]
Gross notional value	188,155		172,644
Interest rate swap agreement
Derivative [Line Items]
Gross notional value	$ 100,000	$ 200,000	$ 200,000	$ 800,000	$ 287,500

INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average useful life	31 years 10 months 24 days
Impairment charges, intangible assets	$ 1,234	$ 7,920	$ 2,067

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable reserve	$ 14,581	$ 7,769
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, issued (in shares)	42,598,915	42,096,628
Common stock, outstanding (in shares)	37,952,270	38,025,372
Treasury stock (in shares)	4,646,645	4,071,256

LEASES - Schedule of Future Minimum Commitments (Details) $ in Thousands	Aug. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 39,773
2026	39,515
2027	38,270
2028	33,733
2029	27,903
Thereafter	62,797
Total minimum lease payments	241,991
Less: Imputed interest	33,397
Total lease liabilities	$ 208,594

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	12 Months Ended
	Aug. 31, 2024 USD ($) reporting_unit	Aug. 31, 2023 USD ($)	Aug. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Research and product development costs	$ 265,200	$ 267,400	$ 255,100
Number of reporting units \| reporting_unit	3
Accounts receivable reserve	$ 14,581	$ 7,769
Data costs \| Supplier Concentration Risk \| Supplier One
Property, Plant and Equipment [Line Items]
Concentration risk, percentage (more than)	10.00%
Data costs \| Supplier Concentration Risk \| Supplier Two
Property, Plant and Equipment [Line Items]
Concentration risk, percentage (more than)	10.00%
Minimum \| Developed technology
Property, Plant and Equipment [Line Items]
Amortization period of intangible assets (years)	3 years
Maximum \| Developed technology
Property, Plant and Equipment [Line Items]
Amortization period of intangible assets (years)	5 years
Computers and related equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computers and related equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years

DERIVATIVE INSTRUMENTS - Fair Value Amounts of Derivative Instruments (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Derivative [Line Items]
Derivative Assets	$ 2,619	$ 4,383
Derivative Liabilities	250	608
Cash flow hedging \| Derivatives designated as hedging instruments
Derivative [Line Items]
Derivative Assets	2,619	4,383
Derivative Liabilities	$ 250	$ 608
Cash flow hedging \| Derivatives designated as hedging instruments \| Foreign currency forward contracts
Derivative [Line Items]
Derivative Assets, location	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Assets	$ 2,619	$ 1,260
Derivative Liabilities, location	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Derivative Liabilities	$ 127	$ 608
Cash flow hedging \| Derivatives designated as hedging instruments \| Interest rate swap agreement
Derivative [Line Items]
Derivative Assets, location	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Assets	$ 0	$ 3,123
Derivative Liabilities, location	Accounts payable and accrued expenses	Accounts payable and accrued expenses
Derivative Liabilities	$ 123	$ 0

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

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- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

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+ Details

EARNINGS PER SHARE (Tables)

12 Months Ended

Aug. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following is a reconciliation of our Basic and Diluted EPS computations:


	Years Ended August 31,
(in thousands, except per share data)	2024		2023		2022
Numerator
Net income used for calculating Basic EPS and Diluted EPS	$	537,126	$	468,173	$	396,917
Denominator
Weighted average common shares used in the calculation of Basic EPS	38,059		38,194		37,864
Common stock equivalents associated with stock-based compensation plans	559		704		872
Shares used in the calculation of Diluted EPS	38,618		38,898		38,736
Basic EPS	$	14.11	$	12.26	$	10.48
Diluted EPS	$	13.91	$	12.04	$	10.25

Schedule of Awards Excluded from Diluted EPS


	Years Ended August 31,
(in thousands)	2024	2023	2022
Stock options	381	566	329
Restricted Stock Awards	88	59	61

DERIVATIVE INSTRUMENTS (Tables)

12 Months Ended

Aug. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Gross Notional Values of Derivative Instruments


	August 31, 2024				August 31, 2023
(in thousands)	Local Currency Amount		Notional Contract Amount (USD)		Local Currency Amount		Notional Contract Amount (USD)
Indian Rupee	Rs	4,651,351	$	55,200	Rs	3,363,150	$	40,300
British Pound Sterling	£	41,200	52,372		£	45,000	56,098
Euro	€	43,800	48,183		€	39,000	42,646
Philippine Peso	₱	1,850,674	32,400		₱	1,888,541	33,600
Total			$	188,155			$	172,644

The following is a summary of the gross notional values of our derivative instruments:


(in thousands)	Gross Notional Value
	August 31, 2024		August 31, 2023
Foreign currency forward contracts	$	188,155	$	172,644
Interest rate swap agreement	100,000		200,000
Total cash flow hedges	$	288,155	$	372,644

Schedule of the Fair Values of Derivative Instruments

The following is a summary of the fair values of our derivative instruments:


	Fair Value of Derivative Instruments
(in thousands)	Derivative Assets					Derivative Liabilities
Derivatives designated as hedging instruments	Balance Sheet Classification	August 31, 2024		August 31, 2023		Balance Sheet Classification	August 31, 2024		August 31, 2023
Foreign currency forward contracts	Prepaid expenses and other current assets	$	2,619	$	1,260	Accounts payable and accrued expenses	$	127	$	608
Interest rate swap agreement	Prepaid expenses and other current assets	—		3,123		Accounts payable and accrued expenses	123		—

Total cash flow hedges		$	2,619	$	4,383		$	250	$	608

Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow Hedging Relationships

The following table provides the pre-tax effect of cash flow hedge accounting on our AOCL for the years ended August 31, 2024, 2023 and 2022:


(in thousands)	Gain (Loss) Recognized in AOCL on Derivatives						Location of Gain (Loss) Reclassified from AOCL into Income	Gain (Loss) Reclassified from AOCL into Income
Derivatives in Cash Flow Hedging Relationships	2024		2023		2022		Location of Gain (Loss) Reclassified from AOCL into Income	2024		2023		2022
Foreign currency forward contracts	$	1,771	$	5,783	$	(16,356)	SG&A	$	(69)	$	(3,176)	$	(7,867)
Interest rate swap agreement	41		4,368		17,245		Interest expense	3,287		13,657		1,854
Total cash flow hedges	$	1,812	$	10,151	$	889		$	3,218	$	10,481	$	(6,013)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Aug. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation We conduct business globally and manage our business on a geographic basis. The accompanying Consolidated Financial Statements and Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") for annual financial information and the instructions to Form 10-K and Article 10 of Regulation S-X. The accompanying Consolidated Financial Statements include our accounts and those of our wholly-owned subsidiaries; all intercompany activity and balances have been eliminated.
Use of Estimates	Use of Estimates The preparation of our Consolidated Financial Statements and related disclosures in conformity with GAAP required management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates may include income taxes, stock-based compensation, goodwill and intangible assets, business combinations, property, equipment and leasehold improvements ("PPE"), contingencies and impairment assessments. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of our assets and liabilities. Actual results could differ materially from those estimates.
Revenue Recognition	Revenue Recognition The majority of our revenues are derived from client access to our multi-asset solutions powered by our platform of connected data and technology that is available over the contractual term (referred to as the "Hosted Platform"). The Hosted Platform is a subscription-based service that provides client access to various combinations of products and services including workstations, portfolio analytics and enterprise solutions. In addition, through the CGS platform, we provide subscription access to a database of universally recognized identifiers reflecting differentiating characteristics for issuers and their financial instruments (referred to as the "Identifier Platform"). Revenues from our products and services are recognized as we transfer control to our clients, in an amount that reflects the consideration we expect to receive in exchange for satisfying our performance obligations. We determined the majority of our contracts with clients, whether for our Hosted Platform or Identifier Platform service, each represent a single performance obligation covering a series of distinct products and services that are substantially the same and that have the same pattern of transfer to the client. The primary nature of our promise to the client is to provide daily access to each of these data and analytics platforms, with revenue recognized over-time as performance is satisfied on an output time-based measure of progress, as the client is simultaneously receiving and consuming the benefits of the platform. We record deferred revenues when payments are received in advance of performance under the client contract.
Stock-Based Compensation	Stock-Based Compensation Our stock-based compensation expense consists of: •Stock options, restricted stock units ("RSUs") and/or performance share units ("PSUs") issued to eligible employees under the FactSet Research Systems Inc. Stock Option and Award Plan, as Amended and Restated (the "LTIP"). •Stock options and RSUs issued to non-employee members of the Board of Directors ("non-employee directors") under the FactSet Research Systems Inc. Non-Employee Directors’ Stock Option and Award Plan as Amended and Restated (the "Director Plan"). •Common stock purchased by eligible employees under the FactSet Research Systems Inc. Employee Stock Purchase Plan as Amended and Restated (the "ESPP"). We measure and recognize stock-based compensation expense for all stock-based awards and purchases of common stock under the ESPP based on their estimated grant date fair value. To estimate the grant date fair value, we utilize a lattice-binomial option-pricing model ("binomial model") for our employee stock options and the Black-Scholes model for non-employee director stock options and common stock purchased by eligible employees under our ESPP. Both the binomial model and Black-Scholes model involve certain estimates and assumptions such as: •Risk-free interest rate - based on the U.S. Treasury yield curve in effect at the time of grant with maturities equal to the expected terms of the stock-based awards granted. •Expected life - the weighted average period the stock-based awards are expected to remain outstanding. •Expected volatility - based on a blend of historical volatility of the stock-based award's useful life and the weighted average implied volatility for call option contracts traded in the 90 days preceding the stock-based award's valuation date. •Dividend yield - the expectation of dividend payouts based on our history. The binomial model also incorporates market conditions, vesting restrictions and exercise patterns. For RSUs and PSUs (collectively, "Restricted Stock Awards"), the grant date fair value is measured by reducing the grant date price of our common stock by the present value of expected future dividend payments on the underlying stock during the requisite service period, discounted at the appropriate risk-free interest rate. The number of PSUs granted assumes target-level achievement of the specified performance levels within the payout range. The ultimate number of common shares that may be earned pursuant to our PSU awards depends on the level of our achievement of stated financial performance objectives. Stock-based compensation expense for stock option and RSU awards is recognized over the requisite service period using the straight-line method. For stock options and RSU grants, the amount of stock-based compensation expense recognized on any date is at least equal to the vested portion of the award on that date. Our PSUs require us to make assumptions regarding the probability of achieving specified performance levels established at the time of grant. We recognize stock-based compensation expense for PSUs using the straight-line method over the requisite service period. The probability of achieving the specified performance levels is reviewed on a quarterly basis to ensure the amount of stock-based compensation expense appropriately reflects the expected achievement. For our ESPP, stock-based compensation expense is recognized on a straight-line basis over the offering period. Our stock-based awards are generally subject to the continued employment and continued service at the time of vesting by employees and non-employee directors, respectively. Compensation expense for stock-based awards is recorded net of estimated forfeitures, which are based on historical forfeiture rates and are revised if actual forfeitures differ from those estimates.
Research and Product Development Costs	Research and Product Development Costs We do not have a separate research and product development ("R&D") department, but rather we rely on collaboration across departments, with costs primarily consisting of employee compensation costs, such as salaries and related benefits for our product development, software engineering and technical support departments, as well as certain third party costs. These teams collaborate with our strategists, product and content managers, technologists, sales and other team members to develop new products and process innovations and enhance existing products. Our R&D costs are expensed as incurred and are primarily recorded in employee compensation costs, which are included in our Cost of services and Selling, general and administrative ("SG&A") expenses in the Consolidated Statements of Income, dependent on the nature of the team.
Income Taxes	Income Taxes We account for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recorded for the temporary differences between the financial statement and the tax basis of assets and liabilities. In addition, deferred tax assets and liabilities are recorded for net operating loss carryforwards ("NOLs") and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which they are expected to be realized or settled. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the amount that is more likely than not (defined as a likelihood of more than 50%) to be realized. Applicable accounting guidance prescribes a comprehensive model for financial statement recognition, measurement, classification and disclosure of uncertain tax positions that a company has taken or expects to take on a tax return. We follow a two-step approach in recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not (defined as a likelihood of more than 50%) that a tax position will be sustained based on its technical merits as of the reporting date. The second step, for those positions that meet the recognition criteria, is to measure and recognize the largest amount of benefit that is greater than 50% likely of being realized upon effective settlement with a taxing authority. We classify the liability for unrecognized tax benefits as Taxes Payable (non-current) and to the extent we anticipate payment of cash within one year, the benefit is classified as Current taxes payable in the Consolidated Balance Sheets. The determination of liabilities related to uncertain tax positions and associated interest and penalties requires significant estimates and assumptions; as such, there can be no assurance that we will accurately predict the outcomes of these audits. For this reason and due to ongoing audits by multiple tax authorities, we regularly engage in discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. We adjust these reserves in light of changing facts and circumstances, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final outcome of these matters is different than the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made. We accrue interest on all income tax exposures for which reserves have been established consistent with jurisdictional tax laws, and recognize this interest in the Provision for income taxes in the Consolidated Statements of Income and in Current taxes payable or Taxes payable (non-current), based on the expected timing of the payment, within the Consolidated Balance Sheets.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments including demand deposits and money market funds available for withdrawal without restriction or with original maturities of 90 days or less. The carrying value of our cash and cash equivalents approximates fair value.
Accounts Receivable	Accounts Receivable Accounts receivable includes both invoiced and unbilled receivables, net of allowance for any potential uncollectible amounts. Unbilled receivables reflect revenues earned for which we have the unconditional right to payment, even though we have not yet issued an invoice. Amounts included in accounts receivable are expected to be collected within one year. Our allowance for expected credit losses is based on a variety of factors, including collectability trends, our historical write-off activity, current economic environment, customer-specific information and expectations of future economic conditions. Our allowance is recorded to SG&A in the Consolidated Statements of Income and we assess the adequacy of the allowance on a quarterly basis. Recoveries of accounts previously reserved are recognized as a reversal to SG&A when payment is received. We write-off accounts receivable balances when we have exhausted our collection efforts.
Property, Equipment and Leasehold Improvements	Property, Equipment and Leasehold Improvements PPE are stated at cost, less accumulated depreciation and amortization. Property and equipment are depreciated based on the straight-line method over the estimated useful lives of the assets, ranging from three to five years for computers and related equipment and seven years for furniture and fixtures. Leasehold improvements are amortized on a straight-line basis over the shorter of their respective useful lives or the related lease term. Repairs and maintenance expenditures, which are not considered leasehold improvements and do not extend the useful life of the property and equipment, are expensed as incurred. We review our PPE to determine if any indicators of impairment are present on a quarterly basis or whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. If indicators of impairment are present, the asset group is tested for impairment by comparing its carrying value to its undiscounted cash flows and if impaired, written down to fair value based on its discounted cash flows. In addition, we periodically evaluate the estimated remaining useful lives of our PPE to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation or amortization.
Goodwill	Goodwill We recognize the excess of the purchase price over the fair value of identifiable net assets acquired at the acquisition date as goodwill. Goodwill is not amortized as it is estimated to have an indefinite life and is tested for impairment at the reporting unit level annually, or more frequently if impairment indicators occur. Goodwill is deemed to be impaired and written-down in the period in which the carrying value of the reporting unit exceeds its fair value. We have three reporting units, Americas, EMEA and Asia Pacific, which are consistent with our operating segments. When assessing goodwill for impairment, we may first elect to perform a qualitative analysis for the reporting units to determine whether it is more likely than not (a likelihood of more than 50 percent) that the fair value of the reporting unit is less than its carrying value. If the qualitative analysis indicates that it is more likely than not the fair value of a reporting unit is less than its carrying value or if we elect not to perform a qualitative analysis, a quantitative analysis is performed to determine whether a goodwill impairment exists. The quantitative goodwill impairment analysis is used to identify potential impairment by comparing the carrying value of a reporting unit with its fair value. To perform this analysis, we apply the income approach which utilizes discounted cash flows, along with other relevant market information. The annual review of the carrying value of goodwill requires us to develop estimates of expected cash flows by reporting unit, based on future business performance, discounted by their respective weighted average cost of capital. Changes in our estimates can impact the present value of expected cash flows used in determining fair value of a reporting unit. If the carrying value of the reporting unit exceeds the fair value, then the goodwill is considered impaired and written down to the reporting unit’s fair value. The impairment loss for the reporting unit cannot exceed the carrying value of the goodwill allocated to that reporting unit.
Intangible Assets	Intangible Assets We amortize intangible assets over their estimated useful lives, assuming no residual value. We evaluate the useful lives annually to determine whether events and circumstances warrant a revision to the remaining period of amortization. If the estimate of the remaining useful life is changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. Intangible assets are tested for impairment qualitatively on a quarterly basis or whenever events or changes in circumstances indicate that the carrying amount of an asset group is not recoverable. If indicators of impairment are present, our intangible assets are tested for impairment by comparing the carrying value to undiscounted cash flows and, if impaired, written down to fair value based on discounted cash flows. Internal-use Software and Implementation Costs of Hosting Arrangements Our developed technology intangible assets (“Developed technology”) include capitalized internal-use software costs related to internal employee compensation costs and external expenses incurred during the application development phase. These costs relate to the development, modification, or acquisition of software for internal-use and are recorded in Intangible assets, net on the Consolidated Balance Sheets. Development costs related to software upgrades and enhancements are capitalized if they provide additional functionality. We also capitalize qualifying implementation costs for hosting arrangements that meet the capitalization criteria per the internal-use software guidance. These implementation costs are recorded in Other assets on the Consolidated Balance Sheets. Our Developed technology and implementation assets are typically amortized over three to five years using the straight-line method.
Leases	Leases Our operating lease arrangements relate to our office space and data centers. We determine if an arrangement qualifies as a lease at inception by evaluating if there is an identified asset and whether we obtain substantially all the economic benefits of and have the right to control the use of an asset. For operating leases with a term greater than one year, we recognize lease right-of-use ("ROU") assets and lease liabilities as the present value of future minimum lease payments over the reasonably certain lease term beginning at the commencement or modification date. The future minimum lease payments include fixed lease payments and certain qualifying index-based variable payments. Our lease ROU assets may further be impacted by prepayments, lease incentives received and initial direct costs incurred. Our operating leases are classified within Lease right-of-use assets, net, Current lease liabilities and Long-term lease liabilities on our Consolidated Balance Sheets. Our leases generally do not have a readily determinable implicit rate, therefore we use our incremental borrowing rate ("IBR") at the lease commencement or modification date, or on the date of lease modification, if applicable, in determining the present value of future payments. Our IBR is derived by selecting U.S. corporate yield curves observed for public companies that are reflective of our credit rating, adjusted to approximate a secured rate of borrowing. We also consider revisions to the rate to reflect the geographic location where the leased asset is located. Certain of our lease agreements include options to extend and/or terminate the lease, which we do not include in our minimum lease terms unless we are reasonably certain to exercise these options. We account for the lease and non-lease components as a single lease component, which we recognize over the expected term on a straight-line expense basis in occupancy costs (a component of SG&A expense in the Consolidated Statements of Income). Variable lease payments that are not included in the calculation of lease ROU assets and lease liabilities are expensed as incurred within occupancy costs. We review our lease ROU assets for impairment when there are indicators that an asset may no longer be recoverable. The impairment assessment requires significant judgments and estimates, including estimating subtenant rental income, calculating an appropriate discount rate and assessing other applicable future cash flows associated with the leased location. These estimates are based on our experience and knowledge of the market in which the property is located, previous efforts to dispose of similar assets and the assessment of existing market conditions. Impairments are recognized as a reduction to the carrying value of the Lease right-of-use assets, net with a corresponding increase to Asset impairments on our Consolidated Balance Sheets and Consolidated Statements of Income, respectively.
Derivative Instruments	Derivative Instruments We use derivative financial instruments ("derivatives") to manage exposure to foreign currency exchange rates and variable interest rates. Our primary objective in holding derivatives is to reduce the volatility in cash flows associated with foreign currency fluctuations and funding activities arising from changes in interest rates. We do not employ derivatives for trading or speculative purposes. Foreign Currency Forward Contracts As we conduct business outside the U.S. in several currencies, we utilize derivative instruments (foreign currency forward contracts) to mitigate our currency exposures from fluctuations in foreign currency exchange rates that can create volatility in our results of operations, cash flows and financial condition. Our primary currency exposures include the British Pound Sterling, Euro, Indian Rupee and Philippine Peso. In designing a specific hedging approach, we consider several factors, including offsetting exposures, significance of exposures, forecasting risk and potential effectiveness of the hedge. Interest Rate Swap Agreement We leverage interest rate swap agreements to hedge the variability of our cash flows resulting from floating interest rates on our debt. Through a swap agreement, for the portion of the debt that is hedged, we pay interest at a fixed interest rate as opposed to a floating interest rate per the contractual terms of our debt agreement, at specified intervals throughout the life of the interest rate swap agreement. Derivative Instrument Classification At inception of the hedge accounting relationship and on a quarterly basis, we formally assess whether derivatives designated as cash flow hedges are highly effective in offsetting changes to the forecasted cash flows of the hedged items. If the cash flow hedges are deemed to be highly effective, the gain or loss on the cash flow hedges are initially reported as a component of Accumulated other comprehensive loss ("AOCL") on the Consolidated Balance Sheets. These changes are subsequently reclassified to the Consolidated Statements of Income and recorded in SG&A for the foreign currency forward contracts and Interest expense for the interest rate swap agreements, when the hedged exposure affects earnings. All our derivatives are assessed for effectiveness at each reporting period and are designated as hedging instruments.
Treasury Stock	Treasury Stock We account for treasury stock under the cost method and include Treasury stock as a component of Stockholders' equity on the Consolidated Balance Sheets. We may repurchase shares of our common stock under our share repurchase program in the open market or via privately negotiated transactions, subject to market conditions. Repurchased shares of our common stock are recorded at the market price on the trade date and are held as treasury shares until they are reissued or retired. When treasury shares are reissued, if the issuance price is higher than the average price paid to acquire the shares ("the cost"), the excess of the issuance price over the cost is credited to additional paid-in capital ("APIC"). If the issuance is lower than the cost, the difference is first charged against any credit balance in APIC from Treasury stock, with the remaining balance charged to Retained earnings on the Consolidated Balance Sheets. We account for the formal retirement of treasury shares by deducting its par value from Common stock, reflecting any excess over par value as a reduction to APIC (to the extent created by previous issuances of the shares) and then Retained earnings on the Consolidated Balance Sheets. The Inflation Reduction Act of 2022 ("IRA"), which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. During fiscal 2024, we recorded the applicable excise tax in Treasury stock as part of the cost basis of the stock repurchased and recorded a corresponding liability for the excise taxes payable in Accounts payable and accrued expenses on the Consolidated Balance Sheets.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the use of various valuation methodologies, including market, income and cost approaches is permissible. The inputs to these methodologies consider market comparable information, taking into account the principal or most advantageous market in which we would transact. The accounting guidance for fair value measurements establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value based on the reliability of inputs. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
Foreign Currency Translation and Remeasurement	Foreign Currency Translation and Remeasurement Certain wholly-owned subsidiaries operate under a functional currency different from the U.S. dollar. Our primary currency exposures include the British Pound Sterling, Euro, Indian Rupee and Philippine Peso. The financial statements of our foreign subsidiaries that are local currency functional are translated into U.S. dollars using period-end rates of exchange for assets and liabilities and average monthly rates for revenues and expenses. The resulting translation gains and losses that arise from translating these assets, liabilities, revenues and expenses of our foreign operations are recorded in AOCL in the Consolidated Balance Sheets. For the financial statements of our foreign subsidiaries that are U.S. dollar functional, but maintain their books of record in their respective local currency, we remeasure our revenues and expenses into U.S. dollars at the average rates of exchange for the period, monetary assets and liabilities using period-end rates and non-monetary assets and liabilities at their historical rates. The resulting remeasurement gains and losses are recorded to SG&A in the Consolidated Statements of Income.
Concentrations of Credit Risk, Data Providers and Cloud Providers	Concentrations of Credit Risk Credit risk arises from the potential nonperformance by counterparties to fulfill their financial obligations. Our financial instruments that potentially subject us to concentrations of credit risk consist primarily of our cash, cash equivalents, accounts receivable, investments in mutual funds and derivative instruments. The maximum credit exposure of our cash, cash equivalents, accounts receivable and investments in mutual funds is their carrying values as of the balance sheet date. The maximum credit exposure related to our derivative instruments is based upon their respective gross fair values as of the balance sheet date. Cash, Cash Equivalents and Investments We are exposed to credit risk on our cash, cash equivalents and investments in mutual funds in the event of default by the financial and governmental institutions with which we transact. We invest in a manner that aligns with our restrictive cash investment practices, preserves capital and provides liquidity, while minimizing our exposure to credit risk. We limit our exposure to credit loss by investing with multiple financial and governmental institutions that we believe are high-quality and credit-worthy. We have not experienced any credit losses relating to our cash, cash equivalents and investments in mutual funds. Accounts Receivable Our accounts receivable credit risk is dependent upon the financial stability of our individual clients. As of August 31, 2024 and August 31, 2023, our accounts receivable reserve was $14.6 million and $7.8 million, respectively. We do not require collateral from our clients; however, no single client represented more than 3.5% of our total annual revenues for fiscal 2022 through fiscal 2024. Due to our large and geographically dispersed client base, our concentration of credit risk related to our accounts receivable is generally limited. Derivative Instruments Our use of derivative instruments exposes us to credit risk to the extent counterparties may be unable to meet the terms of their agreements. To mitigate credit risk, we limit counterparties to financial institutions we believe are credit-worthy and use several institutions to reduce concentration risk. We do not expect any losses as a result of default by our counterparties. Concentrations of Data Providers We integrate data from various third-party sources into our hosted proprietary data and analytics platform. As certain data sources have a limited number of suppliers, we make every effort to assure that, where reasonable, alternative sources are available. We are not dependent on any individual third-party data supplier to meet the needs of our clients, with only two data suppliers each representing more than 10% of our total data costs for the year ended August 31, 2024. Concentrations of Cloud Providers Our clients rely on us for the delivery of time-sensitive, up-to-date data and applications. Our business is dependent on our ability to process substantial volumes of data and transactions rapidly and efficiently. We currently use multiple providers of cloud services; however, one supplier provided the majority of our cloud computing support for fiscal 2024. We maintain back-up facilities and other redundancies at our data centers, take security measures and have emergency planning procedures to minimize the risk that an event will disrupt our operations.
Recently Adopted Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements We did not adopt any new standards or updates issued by the Financial Accounting Standards Board ("FASB") during fiscal 2024 that had a material impact on our Consolidated Financial Statements. Accounting Pronouncements Not Yet Adopted SEC Disclosures - The Enhancement and Standardization of Climate-Related Disclosures for Investors In March 2024, the SEC adopted a final rule under SEC Release Nos. 33-11275 and 34-99678, The Enhancement and Standardization of Climate-Related Disclosures for Investors, which would require disclosure of certain climate-related information in various filings with the SEC. In April 2024, the SEC stayed implementation of the final rule pending completion of judicial review. We are currently assessing the potential impact of the rule on our disclosures. Codification Improvements - Amendments to Remove References to the Concepts Statements In March 2024, the FASB issued Accounting Standards Update ("ASU") 2024-02, Codification Improvements - Amendments to Remove References to the Concepts Statements. This ASU amends the FASB Accounting Standards Codification ("the Codification") to remove references to various FASB Concepts Statements and impacts a variety of topics in the Codification. The amendments apply to all reporting entities within the scope of the affected accounting guidance, but in most instances the references removed are extraneous and not required to understand or apply the guidance. The amendments in this ASU are to be applied prospectively, although retrospective application is permitted, and are effective for our interim and annual financial statements starting in fiscal 2026. Early adoption is permitted. This ASU is not expected to have a material impact on our Consolidated Financial Statements or related disclosures. Income Taxes - Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. This ASU enhances annual income tax disclosures primarily related to our effective tax rate reconciliation and income taxes paid. The amendments in this ASU are to be applied prospectively, although retrospective application is permitted, and are effective for our annual financial statements starting in fiscal 2026. Early adoption is permitted. This ASU is not expected to have a material impact on our Consolidated Financial Statements. We are currently assessing the impact of the new requirements on our disclosures. Segment Reporting - Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. This ASU enhances segment disclosures primarily related to significant segment expenses for both interim and annual periods. The amendments in this ASU are to be applied retrospectively and are effective for our annual financial statements starting in fiscal 2025 and interim periods starting in fiscal 2026. Early adoption is permitted. This ASU is not expected to have a material impact on our Consolidated Financial Statements. We are currently assessing the impact of the new requirements on our disclosures. Disclosure Improvements - Codification Amendment in Response to the Securities and Exchange Commission's ("SEC") Disclosure Update and Simplification Initiative In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements - Codification Amendment in Response to the SEC’s Disclosure Update and Simplification Initiative. The ASU incorporates several disclosure and presentation requirements currently residing in the SEC Regulations S-X and S-K. The amendments will be applied prospectively and are effective when the SEC removes the related requirements from Regulations S-X or S-K. Any amendments the SEC does not remove by June 30, 2027 will not be effective. As we are currently subject to these SEC requirements, this ASU is not expected to have a material impact on our Consolidated Financial Statements or related disclosures. No other new accounting pronouncements issued or effective during fiscal 2024 have had, or are expected to have, a material impact on our Consolidated Financial Statements.
Earnings per Share	Basic earnings per common share ("Basic EPS") is computed by dividing net income by the number of weighted average common shares outstanding during the fiscal year. Diluted earnings per common share ("Diluted EPS") is calculated by using the treasury stock method which assumes the issuance of common stock for all potentially dilutive stock-based awards.

AUDIT INFORMATION	12 Months Ended
AUDIT INFORMATION	Aug. 31, 2024
Audit Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLPWe have served as the Company’s auditor since 2013.
Auditor Location	Stamford, Connecticut

DEBT (Tables)

12 Months Ended

Aug. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt Obligations

Our debt obligations as of August 31, 2024 and August 31, 2023 consisted of the following:


(in thousands)	Issuance Date	Contractual Maturity Date	August 31, 2024		August 31, 2023
Current debt
2022 Term Facility	3/1/2022	3/1/2025	$	125,000	$	—
Total unamortized debt issuance costs on Current debt			(158)		—
Total Current debt			$	124,842	$	—

Long-term debt
2022 Term Facility	3/1/2022	3/1/2025	—		375,000
2022 Revolving Facility	3/1/2022	3/1/2027	250,000		250,000
2027 Notes	3/1/2022	3/1/2027	500,000		500,000
2032 Notes	3/1/2022	3/1/2032	500,000		500,000
Total unamortized discounts and debt issuance costs			(8,869)		(12,300)
Total Long-term debt			$	1,241,131	$	1,612,700

Total debt			$	1,365,973	$	1,612,700

Schedule of Annual Maturities of Debt Obligations

As of August 31, 2024, annual maturities on our debt obligations, based on contractual maturity dates, were as follows:


(in thousands)	Maturities
Fiscal Years Ended August 31,
2025	$	125,000
2026	—
2027	750,000
2028	—
2029	—
Thereafter	500,000
Total	$	1,375,000

Schedule of Interest Expense

The following table presents the interest expense on our outstanding debt which is a component of Interest expense in our Consolidated Statements of Income:


	Years Ended August 31,
(in thousands)	2024		2023		2022
Interest expense on outstanding debt(1)	$	65,412	$	66,283	$	35,152

(1) Interest expense on our outstanding debt includes the related amortization of debt issuance costs and debt discounts. Interest expense is net of the effects of our interest rate swap agreements.

STOCK-BASED COMPENSATION - Narrative (Details) shares in Millions				12 Months Ended
	Nov. 01, 2023	Nov. 01, 2022	Nov. 01, 2021	Aug. 31, 2024 USD ($) shares	Aug. 31, 2023 USD ($)	Aug. 31, 2022 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation capitalized \| $				$ 0	$ 0	$ 0
Unamortized stock-based compensation \| $				$ 123,000,000.0
Remaining weighted average period for recognition (in years)				2 years 9 months 18 days
Number of share equivalents (in shares)				2.5
Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) \| shares				3.7
Non-employee directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) \| shares				0.2
RSUs \| Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage (as a percent)	20.00%	20.00%	20.00%
Award vesting period (in years)	5 years	5 years	5 years
PSUs \| Employee \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage (as a percent)	0.00%	0.00%	0.00%
PSUs \| Employee \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payout percentage (as a percent)	200.00%	150.00%	150.00%

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS (Tables)

12 Months Ended

Aug. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property, Equipment and Leasehold Improvements

Property, equipment and leasehold improvements consist of the following:


(in thousands)	August 31,
	2024		2023
Leasehold improvements	$	95,840	$	97,000
Computers and related equipment	84,447		70,641
Furniture and fixtures	28,747		32,601
Subtotal	$	209,034	$	200,242
Less accumulated depreciation and amortization	(126,521)		(114,135)
Property, equipment and leasehold improvements, net	$	82,513	$	86,107

DEBT - Narrative (Details)		9 Months Ended	12 Months Ended			21 Months Ended	30 Months Ended
DEBT - Narrative (Details)	Mar. 01, 2022 USD ($)	Aug. 31, 2024	Aug. 31, 2024 USD ($)	Aug. 31, 2023 USD ($)	Aug. 31, 2022 USD ($)	Nov. 30, 2023	Aug. 31, 2024 USD ($)	Mar. 01, 2024	Mar. 05, 2020	Mar. 29, 2019 USD ($)
Debt Instrument [Line Items]
Repayments of debt			$ 250,000,000	$ 375,000,000	$ 825,000,000
Interest rate swap agreement \| Cash flow hedging \| Derivatives designated as hedging instruments
Debt Instrument [Line Items]
Fixed interest rate	1.162%							5.145%	0.7995%
Senior Notes
Debt Instrument [Line Items]
Debt issuance costs	$ 9,100,000
Discount	$ 2,800,000
Redemption price (as a percent)	101.00%
Credit Agreement 2022 \| Line of Credit
Debt Instrument [Line Items]
Debt issuance costs					$ 9,500,000
Basis spread on variable rate (as a percent)		0.975%				1.10%
Covenants, required maximum leverage ratio		3.50	3.50				3.50
Credit Agreement 2022 \| Line of Credit \| Interest Rate Margin
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.875%				1.00%
Credit Agreement 2022 \| Line of Credit \| Credit Spread Adjustment
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		0.10%				0.10%
2027 Notes \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 500,000,000.0
Stated interest rate (as a percent)	2.90%
2032 Notes \| Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 500,000,000.0
Stated interest rate (as a percent)	3.45%
2019 Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Debt issuance costs										$ 900,000
Amortization of remaining debt issuance costs	$ 400,000
Revolving Credit Facility \| Credit Agreement 2022 \| Line of Credit
Debt Instrument [Line Items]
Lines of credit	250,000,000.0
Maximum borrowing capacity	500,000,000.0
Maximum additional borrowings	750,000,000.0
Commitment fee percentage		0.10%				0.125%
Revolving Credit Facility \| 2019 Credit Agreement \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity										750,000,000.0
Borrowed										$ 575,000,000.0
Letter of Credit \| Credit Agreement 2022 \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	100,000,000.0
Swingline Loan \| Credit Agreement 2022 \| Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000.0
Term Loan \| Credit Agreement 2022 \| Line of Credit
Debt Instrument [Line Items]
Aggregate principal amount	$ 1,000,000,000.0
Repayments of debt			$ 250,000,000.0				$ 875,000,000.0
Voluntary prepayments of debt			$ 200,000,000.0				$ 762,500,000

INTANGIBLE ASSETS - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 104,950	$ 87,304	$ 62,382

EARNINGS PER SHARE - Awards Excluded from Diluted EPS (Details) - shares shares in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	381	566	329
Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	88	59	61

STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Aug. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

The following table presents the stock-based compensation expense for the fiscal years presented:


	Years Ended August 31,
(in thousands)	2024		2023		2022
Stock-based compensation expense	$	63,501	$	62,038	$	56,003

Schedule of Stock Option Activity

A summary of stock option activity is as follows:


	Number Outstanding (thousands)		Weighted Average Exercise Price Per Share		Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value (millions)(1)		Weighted Average Remaining Contractual Life (years)
Outstanding as of August 31, 2021	2,277		$	214.89
Granted – employees	348		$	433.09	$	103.49

Granted – non-employee directors	6		$	428.71	$	109.11
Exercised(2)	(414)		$	178.57
Forfeited	(128)		$	301.05
Outstanding as of August 31, 2022	2,089		$	253.85
Granted – employees	268		$	426.22	$	125.57

Granted – non-employee directors	5		$	428.70	$	128.84
Exercised(2)	(318)		$	181.67
Forfeited	(56)		$	373.04
Outstanding as of August 31, 2023	1,988		$	285.95
Granted – employees	243		$	436.61	$	132.59

Granted – non-employee directors	6		$	462.23	$	132.78
Exercised(2)	(376)		$	213.62
Forfeited	(38)		$	404.47
Outstanding as of August 31, 2024	1,823	(3)	$	319.07			$	180.1	5.7
Options vested and exercisable as of August 31, 2024	1,035		$	256.93			$	172.9	4.3
Options expected to vest as of August 31, 2024	726		$	398.12			$	23.2	7.5

(1)The aggregate intrinsic value represents the difference between our closing stock price as of August 30, 2024 of $422.84 and the exercise price, multiplied by the number of options exercisable as of that date.

(2)The total pre-tax intrinsic value of stock options exercised during fiscal 2024, 2023 and 2022 was $89.5 million, $77.5 million and $104.1 million, respectively.

(3)As of August 31, 2024, 1,822,913 shares underlying the stock option awards were unvested and outstanding, resulting in unamortized stock-based compensation expense of $53.0 million that is expected to be recognized over the remaining weighted average vesting period of 3.0 years.

Schedule of Weighted Average Assumptions used for Options

The following table presents the weighted average inputs used in the binomial model to estimate the grant-date fair value of the employee stock options granted:


	2024		2023		2022
Stock options granted(1)	243,379		268,185		348,458
Risk-free interest rate	3.78% - 5.53%		3.37% - 5.05%		0.07% - 2.99%

Expected life (years)	6.6		6.6		6.9

Expected volatility	19% - 25%		24% - 25%		24% - 25%

Dividend yield	0.90	%	0.83	%	0.86	%

Weighted average grant date fair value	$132.59		$125.57		$103.49
Weighted average exercise price	$436.61		$426.22		$433.09

(1) Includes the annual employee grant on November 1, 2023, November 1, 2022 and November 1, 2021 of 242,371, 266,051 and 292,377 stock options, respectively. The majority of the stock options granted, including the annual employee grants, vest 20% annually on the anniversary date of the grant and are fully vested after five years, expiring ten years from the date of grant.

Schedule of Restricted Stock Awards Activity

A summary of Restricted Stock Award activity is as follows:


(in thousands, except per award data)	Number Outstanding		Weighted Average Grant Date Fair Value Per Award
Balance at August 31, 2021	197		$	274.10
Granted – employee Restricted Stock Awards(1)	103		$	418.16
Granted – non-employee directors RSUs	2		$	425.29
Vested	(40)		$	242.87
Forfeited	(29)		$	323.16
Balance at August 31, 2022	233		$	338.87
Granted – employee Restricted Stock Awards(1)	97		$	416.58
Performance adjustment – employee PSUs(2)	9		$	245.67
Granted – non-employee directors RSUs	2		$	425.06
Vested	(83)		$	291.80
Forfeited	(14)		$	369.71
Balance at August 31, 2023	244		$	381.15
Granted – employee Restricted Stock Awards(1)	111		$	423.57
Performance adjustment – employee PSUs(2)	14		$	306.33
Granted – non-employee directors RSUs	2		$	458.23
Vested	(95)		$	330.00
Forfeited	(14)		$	405.37
Outstanding as of August 31, 2024	262	(3)	$	412.47

(1)During fiscal 2024, 2023 and 2022, we granted 74,456 RSUs and 37,008 PSUs; 63,009 RSUs and 34,482 PSUs; and 71,978 RSUs and 30,704 PSUs, respectively.

(2)Additional PSUs were granted during fiscal 2024 and 2023 based on performance above the specified target level of achievement for PSUs granted on November 9, 2020 and November 1, 2019, respectively.

(3)As of August 31, 2024, 261,639 shares underlying the Restricted Stock Awards were unvested and outstanding, which resulted in unamortized stock-based compensation expense of $70.0 million that is expected to be recognized over the remaining weighted average vesting period of 2.6 years.

SEGMENT INFORMATION - Results of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 2,203,056	$ 2,085,508	$ 1,843,892
Operating income	701,299	629,207	475,482
Depreciation and amortization	125,187	105,384	86,683
Stock-based compensation	63,501	62,038	56,003
Capital expenditures	85,681	60,786	51,156
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	1,419,901	1,335,484	1,173,946
Operating income	261,790	239,438	159,140
Depreciation and amortization	110,147	89,602	64,916
Stock-based compensation	51,601	51,574	45,319
Capital expenditures	77,417	54,609	44,114
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	563,128	539,843	484,279
Operating income	282,963	243,028	196,231
Depreciation and amortization	7,171	7,305	11,794
Stock-based compensation	8,007	7,280	8,271
Capital expenditures	3,835	2,317	1,427
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	220,027	210,181	185,667
Operating income	156,546	146,741	120,111
Depreciation and amortization	7,869	8,477	9,973
Stock-based compensation	3,893	3,184	2,413
Capital expenditures	$ 4,429	$ 3,860	$ 5,615

- Definition

+ References

+ Details

FAIR VALUE MEASURES

12 Months Ended

Aug. 31, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASURES

Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the use of various valuation methodologies, including market, income and cost approaches are permissible. When pricing an asset or liability, the inputs to these valuation methodologies consider market comparable information, taking into account the principal or most advantageous market in which we would transact.

Fair Value Hierarchy

The accounting guidance for fair value measurements establishes a three-level fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The hierarchy ranks the reliability of the inputs, based upon the lowest level of input that is significant to the fair value measurement, used to determine fair value. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect its placement within the fair value hierarchy. We have categorized our assets and liabilities within the fair value hierarchy as follows:

Level 1 – applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.

Level 2 – applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.

Level 3 – applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.

The assumptions used in determining fair value represent our best estimates, but these estimates involve inherent uncertainties and the application of our judgment. As a result, if factors change, our fair value estimates could be materially different in the future and may adversely affect our business and financial results.

(a) Assets and Liabilities Measured at Fair Value on a Recurring Basis


(in thousands)	Fair Value Measurements as of August 31, 2024
	Level 1		Level 2		Level 3		Total
Assets
Money market funds(1)	$	129,635	$	—	$	—	$	129,635
Mutual funds(2)	—		69,619		—		69,619

Derivative instruments(3)	—		2,619		—		2,619
Total assets measured at fair value	$	129,635	$	72,238	$	—	$	201,873

Liabilities
Derivative instruments(3)	$	—	$	250	$	—	$	250
Contingent liability(4)	—		—		4,193		4,193
Total liabilities measured at fair value	$	—	$	250	$	4,193	$	4,443


(in thousands)	Fair Value Measurements as of August 31, 2023
	Level 1		Level 2		Level 3		Total
Assets
Money market funds(1)	$	137,125	$	—	$	—	$	137,125
Mutual funds(2)	—		32,210		—		32,210

Derivative instruments(3)	—		4,383		—		4,383
Total assets measured at fair value	$	137,125	$	36,593	$	—	$	173,718

Liabilities
Derivative instruments(3)	$	—	$	608	$	—	$	608
Contingent liability(4)	—		—		8,008		8,008
Total liabilities measured at fair value	$	—	$	608	$	8,008	$	8,616

(b) Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis

Assets that are measured at fair value on a non-recurring basis primarily include our PPE, lease ROU assets, goodwill and intangible assets. These assets are assessed for impairment whenever events or circumstances indicate their carrying value may not be fully recoverable, and at least annually for goodwill. The fair values of these non-financial assets are determined based on valuation techniques using the best information available, and may include quoted market prices, market comparable information and discounted cash flow projections.

We recorded asset impairments in the Consolidated Statements of Income of $4.7 million and $25.9 million during fiscal 2024 and fiscal 2023, respectively, to reflect the difference between the fair market value and carrying value of certain assets. These impairments were the result of a $3.4 million and $18.0 million charge during fiscal 2024 and fiscal 2023, respectively, related to our lease ROU assets and PPE. These charges were associated with vacating certain leased office space to rightsize our real estate footprint.

As there were no expected future cash flows from the lease ROU assets for locations we will not sublease, nor for PPE linked to the vacated leased office space, we concluded that these assets hold no remaining fair value and were fully impaired. For those locations we anticipated subleasing, we estimated the fair value of the lease ROU assets as of the cease use date, using a market approach, based on expected future cash flows from sublease income. For this assessment we relied on certain assumptions, which included estimates of the rental rate, period of vacancy, incentives and annual rent increases. Due to the subjective nature of the unobservable inputs used, the fair value measurement for the asset impairments was classified within Level 3 of the fair value hierarchy.

The remaining asset impairments for fiscal 2024 and 2023 were $1.3 million related to impairment of Developed technology and $7.9 million related to Developed technology and Trade names, respectively.

We elected not to carry our debt, which includes our Current debt and Long-term debt, at fair value on the Consolidated Balance Sheets. The carrying value of our debt is net of related unamortized discounts and debt issuance costs.

Our debt is comprised of our Senior Notes and 2022 Credit Facilities. Our Senior Notes are publicly traded; therefore, the fair value of our Senior Notes is estimated based on quoted prices in active markets as of the reporting date, which are considered Level 1 inputs. The fair value of our 2022 Credit Facilities is estimated based on quoted market prices for similar instruments, adjusted for unobservable inputs to ensure comparability to our investment rating, maturity terms and principal outstanding, which are considered Level 3 inputs. Refer to Note 12, Debt for definitions of, and more information on, our Senior Notes and 2022 Credit Facilities.

The following table summarizes information on our outstanding debt as of August 31, 2024 and August 31, 2023:


		August 31, 2024				August 31, 2023
(in thousands)	Fair Value Hierarchy	Principal Amount		Estimated Fair Value		Principal Amount		Estimated Fair Value
2027 Notes	Level 1	$	500,000	$	479,760	$	500,000	$	460,890
2032 Notes	Level 1	500,000		449,380		500,000		423,700
2022 Revolving Facility	Level 3	250,000		246,578		250,000		246,875
2022 Term Facility	Level 3	125,000		125,242		375,000		376,406
Total principal amount		$	1,375,000	$	1,300,960	$	1,625,000	$	1,507,871
Total unamortized discounts and debt issuance costs		(9,027)				(12,300)
Total net carrying value of debt		$	1,365,973			$	1,612,700

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Section 50
-Paragraph 6A
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 2E
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 6A
-Subparagraph (h)
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
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-Paragraph 2
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
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-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

SEGMENT INFORMATION - Long-lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 213,007	$ 227,944
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	108,208	109,787
Philippines
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	46,191	55,934
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	22,159	25,223
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	10,243	11,532
All Other Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 26,206	$ 25,468

STOCKHOLDERS’ EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Aug. 31, 2024	May 31, 2024	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Feb. 28, 2022	Nov. 30, 2021	Sep. 17, 2024
Equity [Abstract]
Remaining authorized for future share repurchases	$ 64.8
Share Repurchase Program [Line Items]
Approved increase in regular quarterly dividend (as a percent)		6.00%
Regular quarterly dividend (in dollars per share)	$ 1.04	$ 1.04	$ 0.98	$ 0.98	$ 0.98	$ 0.98	$ 0.89	$ 0.89	$ 0.89	$ 0.89	$ 0.82	$ 0.82
Subsequent event
Share Repurchase Program [Line Items]
Authorized repurchase amount													$ 300.0

STOCKHOLDERS’ EQUITY - Share Repurchases (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Equity [Abstract]
Repurchase of common stock under the share repurchase program (in shares)	537,800	430,350	46,200
Total cost of common stock repurchased under the share repurchase program	$ 235,235	$ 176,720	$ 18,639
Repurchases of common stock to satisfy tax withholding requirements due upon vesting of stock-based awards (in shares)	37,589	32,444	14,489
Total cost of repurchases of common stock to satisfy withholding requirements due upon vesting of stock-based awards	$ 16,659	$ 13,710	$ 6,159
Excise tax on share repurchases	$ 1,725	$ 932

FAIR VALUE MEASURES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Fair Value Disclosures [Abstract]
Asset impairments	$ 4,677	$ 25,946	$ 64,272
Lease ROU assets and PPE	3,443	18,026	62,205
Impairment charges, intangible assets	$ 1,234	$ 7,920	$ 2,067

DERIVATIVE INSTRUMENTS - Schedule of Pre-tax Effect of Derivative Instruments in Cash Flow Hedging Relationships (Details) - Cash flow hedging - Derivatives designated as hedging instruments - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Derivative [Line Items]
Gain (Loss) Recognized in AOCL on Derivatives	$ 1,812	$ 10,151	$ 889
Gain (Loss) Reclassified from AOCL into Income	3,218	10,481	(6,013)
Foreign currency forward contracts
Derivative [Line Items]
Gain (Loss) Recognized in AOCL on Derivatives	1,771	5,783	(16,356)
Foreign currency forward contracts \| SG&A
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL into Income	(69)	(3,176)	(7,867)
Interest rate swap agreement
Derivative [Line Items]
Gain (Loss) Recognized in AOCL on Derivatives	41	4,368	17,245
Interest rate swap agreement \| Interest expense
Derivative [Line Items]
Gain (Loss) Reclassified from AOCL into Income	$ 3,287	$ 13,657	$ 1,854

SEGMENT INFORMATION - Narrative (Details)	12 Months Ended
SEGMENT INFORMATION - Narrative (Details)	Aug. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	3
Number of operating segments	3

EMPLOYEE BENEFIT PLANS	12 Months Ended
EMPLOYEE BENEFIT PLANS	Aug. 31, 2024
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Defined Contribution Plan Our 401(k) Plan is a defined contribution plan covering all full-time, U.S. employees of FactSet and is subject to the provisions of the Employee Retirement Income Security Act of 1974 and the Code. Each year, participants may contribute up to 60% of their eligible annual compensation, subject to annual limitations established by the Code. We match up to 4% of employees’ earnings, capped at the Internal Revenue Service annual maximum. Company matching contributions are subject to a five-year graduated vesting schedule. All full-time, U.S. employees are eligible for the matching contribution by FactSet. We contributed $14.2 million, $16.6 million and $12.0 million in matching contributions to employee 401(k) accounts during fiscal 2024, 2023 and 2022, respectively.

GOODWILL (Tables)

12 Months Ended

Aug. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Value of Goodwill by Segment

Changes in the carrying value of goodwill by segment for the years ended August 31, 2024 and 2023 are as follows:


(in thousands)	Americas		EMEA		Asia Pacific		Total
Balance at August 31, 2022	$	686,412	$	277,087	$	2,349	$	965,848
Acquisitions	18,347		—		—		18,347
Foreign currency translations	—		20,647		(106)		20,541
Balance at August 31, 2023	$	704,759	$	297,734	$	2,243	$	1,004,736
Acquisitions	(305)		—		—		(305)
Foreign currency translations	—		6,708		(10)		6,698
Balance at August 31, 2024	$	704,454	$	304,442	$	2,233	$	1,011,129

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

STOCK-BASED COMPENSATION - Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Share-Based Payment Arrangement [Abstract]
Stock-based compensation expense	$ 63,501	$ 62,038	$ 56,003

INTANGIBLE ASSETS (Tables)

12 Months Ended

Aug. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Identifiable Intangible Assets

The following table presents the estimated useful life, gross carrying amounts and accumulated amortization related to our identifiable intangible assets as of August 31, 2024 and August 31, 2023:


		August 31, 2024						August 31, 2023
(in thousands, except useful lives)	Estimated Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
ABA business process	36	$	1,583,000	$	109,930	$	1,473,070	$	1,583,000	$	65,958	$	1,517,042
Client relationships	11 to 26	266,419		80,904		185,515		265,315		68,701		196,614
Developed technology	3 to 5	181,492		68,286		113,206		109,222		45,560		63,662
Data content (1)	7 to 20	84,374		38,725		45,649		81,021		33,108		47,913
Software technology	3 to 10	143,685		117,189		26,496		142,395		108,702		33,693
Non-compete agreements	4	290		85		205		290		12		278
Total		$	2,259,260	$	415,119	$	1,844,141	$	2,181,243	$	322,041	$	1,859,202

Schedule of Amortization Expense

The following table presents the amortization expense for our intangible assets which is included in Cost of services in our Consolidated Statements of Income:


	Years ended August 31,
(in thousands)	2024		2023		2022
Amortization expense	$	104,950	$	87,304	$	62,382

Schedule of Estimated Intangible Asset Amortization Expense

As of August 31, 2024, estimated intangible asset amortization expense for each of the next five years and thereafter is as follows:


(in thousands)	Estimated Amortization Expense
Fiscal Years Ended August 31,
2025	$	115,122
2026	107,673
2027	82,033
2028	64,377
2029	60,986
Thereafter	1,413,950
Total	$	1,844,141

SEGMENT INFORMATION - Impairment (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Segment Reporting Information [Line Items]
Lease ROU assets and PPE	$ 3,443	$ 18,026	$ 62,205
Intangible assets	1,234	7,920	2,067
Asset impairments	4,677	25,946	64,272
Americas
Segment Reporting Information [Line Items]
Lease ROU assets and PPE	0	11,017	57,647
Intangible assets	1,234	7,920	2,067
Asset impairments	1,234	18,937	59,714
EMEA
Segment Reporting Information [Line Items]
Lease ROU assets and PPE	0	7,009	4,237
Intangible assets	0	0	0
Asset impairments	0	7,009	4,237
Asia Pacific
Segment Reporting Information [Line Items]
Lease ROU assets and PPE	3,443	0	321
Intangible assets	0	0	0
Asset impairments	$ 3,443	$ 0	$ 321

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 537,126	$ 468,173	$ 396,917
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	125,187	105,384	86,683
Amortization of lease right-of-use assets	30,407	32,344	43,032
Stock-based compensation expense	63,501	62,038	56,003
Deferred income taxes	(32,020)	(31,119)	(8,715)
Asset impairments	4,677	25,946	64,272
Changes in assets and liabilities, net of effects of acquisitions
Accounts receivable	2,195	(40,103)	(32,980)
Accounts payable and accrued expenses	55,347	8,393	12,815
Accrued compensation	(20,213)	(3,431)	14,524
Deferred revenues	4,939	(3,387)	(6,100)
Taxes payable, net of prepaid taxes	(11,448)	41,396	(19,275)
Lease liabilities, net	(39,320)	(39,704)	(48,628)
Other, net	(20,040)	19,643	(20,271)
Net cash provided by operating activities	700,338	645,573	538,277
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, equipment, leasehold improvements and capitalized internal-use software	(85,681)	(60,786)	(51,156)
Acquisition of businesses, net of cash and cash equivalents acquired	0	(23,593)	(1,981,641)
Purchases of investments	(58,636)	(11,014)	(878)
Net cash provided by (used in) investing activities	(144,317)	(95,393)	(2,033,675)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt	0	0	2,238,355
Repayments of debt	(250,000)	(375,000)	(825,000)
Payments of debt issuance costs	0	0	(9,736)
Dividend payments	(150,667)	(138,601)	(125,934)
Proceeds from employee stock plans	91,711	72,006	86,047
Repurchases of common stock	(235,235)	(176,720)	(18,639)
Other financing activities	(16,659)	(13,709)	(5,859)
Net cash provided by (used in) financing activities	(560,850)	(632,024)	1,339,234
Effect of exchange rate changes on cash and cash equivalents	2,364	4,015	(22,428)
Net increase (decrease) in cash and cash equivalents	(2,465)	(77,829)	(178,592)
Cash and cash equivalents at beginning of period	425,444	503,273	681,865
Cash and cash equivalents at end of period	422,979	425,444	503,273
Supplemental Disclosure of Cash Flow Information
Cash paid during the year for interest	65,920	76,524	29,525
Cash paid during the year for income taxes, net of refunds	157,015	91,170	76,252
Supplemental Disclosure of Non-Cash Transactions
Dividends declared, not paid	$ 39,470	$ 37,265	$ 33,860

INCOME TAXES - Significant Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023
Deferred tax assets:
Lease liabilities	$ 41,373	$ 55,608
Stock-based compensation	35,615	32,611
Capitalization of R&D costs	109,664	58,709
Sales Tax Dispute	14,058	0
Other	28,154	21,701
Total deferred tax assets	228,864	168,629
Deferred tax liabilities:
Depreciation on PPE	35,666	29,048
Purchased intangible assets, including acquired technology	106,131	84,102
Lease ROU assets	24,429	33,900
Other	9,753	1,087
Total deferred tax liabilities	175,979	148,137
Total deferred tax assets (liabilities), net	$ 52,885	$ 20,492

PROPERTY, EQUIPMENT AND LEASEHOLD IMPROVEMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 20.2	$ 18.1	$ 24.3
Impairment charge, property plant, equipment and leasehold improvements	$ 1.8	$ 3.6	$ 30.7

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Retirement Benefits [Abstract]
Participant contribution (up to) (as a percent)	60.00%
Company match (up to) (as a percent)	4.00%
Graduated vesting schedule term (in years)	5 years
Company contributions	$ 14.2	$ 16.6	$ 12.0

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Lessee, Lease, Description [Line Items]
ROU assets	$ 130,494	$ 141,837
Lease liabilities	208,594
Impairment charge, lease ROU assets	$ 1,600	$ 14,400	$ 31,500
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	11 years

INCOME TAXES - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]
U.S. operations	$ 416,093	$ 382,702	$ 281,971
Non-U.S. operations	235,410	201,252	161,623
Income before income taxes	651,503	583,954	443,594
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]
U.S. operations	55,219	54,337	18,107
Non-U.S. operations	59,158	61,444	28,570
Provision for income taxes	$ 114,377	$ 115,781	$ 46,677
Effective tax rate	17.60%	19.80%	10.50%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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+ Details

EARNINGS PER SHARE - Weighted Average Shares Outstanding (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Numerator
Net income used for calculating Basic EPS	$ 537,126	$ 468,173	$ 396,917
Net income used for calculating Diluted EPS	$ 537,126	$ 468,173	$ 396,917
Denominator
Weighted average common shares used in the calculation of Basic EPS (in shares)	38,059	38,194	37,864
Common stock equivalents associated with stock-based compensation plans (in shares)	559	704	872
Shares used in the calculation of Diluted EPS (in shares)	38,618	38,898	38,736
Basic EPS (in USD per share)	$ 14.11	$ 12.26	$ 10.48
Diluted EPS (in USD per share)	$ 13.91	$ 12.04	$ 10.25

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

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- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

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-Topic 220
-SubTopic 10
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-Topic 260
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-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

STOCKHOLDERS’ EQUITY - Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Aug. 31, 2024	May 31, 2024	Feb. 29, 2024	Nov. 30, 2023	Aug. 31, 2023	May 31, 2023	Feb. 28, 2023	Nov. 30, 2022	Aug. 31, 2022	May 31, 2022	Feb. 28, 2022	Nov. 30, 2021	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Equity [Abstract]
Dividends per Share of Common Stock (in dollars per share)	$ 1.04	$ 1.04	$ 0.98	$ 0.98	$ 0.98	$ 0.98	$ 0.89	$ 0.89	$ 0.89	$ 0.89	$ 0.82	$ 0.82
Total Amount	$ 39,470	$ 39,589	$ 37,360	$ 37,299	$ 37,265	$ 37,442	$ 34,099	$ 34,010	$ 33,860	$ 33,795	$ 31,065	$ 30,973	$ 153,718	$ 142,816	$ 129,693

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	1 Months Ended	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Sep. 30, 2024	Aug. 31, 2024	Aug. 31, 2023	Mar. 01, 2022
Concentration Risk [Line Items]
Purchase commitment, remaining minimum amount committed		$ 382,600,000	$ 362,200,000
Letters of credit outstanding		400,000	$ 600,000
Sales tax matters
Loss Contingencies [Line Items]
Charge during period related to dispute		54,000,000
Total charges related to dispute		$ 64,000,000
Sales tax matters \| Subsequent event
Loss Contingencies [Line Items]
Payments for dispute	$ 54,000,000
Letter of Credit \| Credit Agreement 2022 \| Line of Credit
Concentration Risk [Line Items]
Maximum borrowing capacity				$ 100,000,000.0

STOCK-BASED COMPENSATION

12 Months Ended

Aug. 31, 2024

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

Our stock-based compensation expense consists of stock options, RSUs, PSUs and purchases of common stock under the ESPP.

Stock-based Compensation Expense

The following table presents the stock-based compensation expense for the fiscal years presented:


	Years Ended August 31,
(in thousands)	2024		2023		2022
Stock-based compensation expense	$	63,501	$	62,038	$	56,003

There were no stock-based compensation costs capitalized during fiscal 2022 through fiscal 2024. As of August 31, 2024, $123.0 million of total unrecognized stock-based compensation expense related to non-vested stock-based awards is expected to be recognized over the remaining weighted average vesting period of 2.8 years.

Stock Option Awards

A summary of stock option activity is as follows:


	Number Outstanding (thousands)		Weighted Average Exercise Price Per Share		Weighted Average Grant Date Fair Value		Aggregate Intrinsic Value (millions)(1)		Weighted Average Remaining Contractual Life (years)
Outstanding as of August 31, 2021	2,277		$	214.89
Granted – employees	348		$	433.09	$	103.49

Granted – non-employee directors	6		$	428.71	$	109.11
Exercised(2)	(414)		$	178.57
Forfeited	(128)		$	301.05
Outstanding as of August 31, 2022	2,089		$	253.85
Granted – employees	268		$	426.22	$	125.57

Granted – non-employee directors	5		$	428.70	$	128.84
Exercised(2)	(318)		$	181.67
Forfeited	(56)		$	373.04
Outstanding as of August 31, 2023	1,988		$	285.95
Granted – employees	243		$	436.61	$	132.59

Granted – non-employee directors	6		$	462.23	$	132.78
Exercised(2)	(376)		$	213.62
Forfeited	(38)		$	404.47
Outstanding as of August 31, 2024	1,823	(3)	$	319.07			$	180.1	5.7
Options vested and exercisable as of August 31, 2024	1,035		$	256.93			$	172.9	4.3
Options expected to vest as of August 31, 2024	726		$	398.12			$	23.2	7.5

(2)The total pre-tax intrinsic value of stock options exercised during fiscal 2024, 2023 and 2022 was $89.5 million, $77.5 million and $104.1 million, respectively.

Employee Stock Option Awards

The majority of our employee stock options granted for fiscal 2024, 2023 and 2022 relate to our annual grants on November 1, 2023, November 1, 2022 and November 1, 2021, respectively.

The following table presents the weighted average inputs used in the binomial model to estimate the grant-date fair value of the employee stock options granted:


	2024		2023		2022
Stock options granted(1)	243,379		268,185		348,458
Risk-free interest rate	3.78% - 5.53%		3.37% - 5.05%		0.07% - 2.99%

Expected life (years)	6.6		6.6		6.9

Expected volatility	19% - 25%		24% - 25%		24% - 25%

Dividend yield	0.90	%	0.83	%	0.86	%

Weighted average grant date fair value	$132.59		$125.57		$103.49
Weighted average exercise price	$436.61		$426.22		$433.09

Restricted Stock Awards

A summary of Restricted Stock Award activity is as follows:


(in thousands, except per award data)	Number Outstanding		Weighted Average Grant Date Fair Value Per Award
Balance at August 31, 2021	197		$	274.10
Granted – employee Restricted Stock Awards(1)	103		$	418.16
Granted – non-employee directors RSUs	2		$	425.29
Vested	(40)		$	242.87
Forfeited	(29)		$	323.16
Balance at August 31, 2022	233		$	338.87
Granted – employee Restricted Stock Awards(1)	97		$	416.58
Performance adjustment – employee PSUs(2)	9		$	245.67
Granted – non-employee directors RSUs	2		$	425.06
Vested	(83)		$	291.80
Forfeited	(14)		$	369.71
Balance at August 31, 2023	244		$	381.15
Granted – employee Restricted Stock Awards(1)	111		$	423.57
Performance adjustment – employee PSUs(2)	14		$	306.33
Granted – non-employee directors RSUs	2		$	458.23
Vested	(95)		$	330.00
Forfeited	(14)		$	405.37
Outstanding as of August 31, 2024	262	(3)	$	412.47

(1)During fiscal 2024, 2023 and 2022, we granted 74,456 RSUs and 37,008 PSUs; 63,009 RSUs and 34,482 PSUs; and 71,978 RSUs and 30,704 PSUs, respectively.

Employee Restricted Stock Awards

The majority of our employee Restricted Stock Awards granted for fiscal 2024, 2023 and 2022 relate to our annual grants on November 1, 2023, November 1, 2022 and November 1, 2021, respectively. These awards entitle the holders to shares of common stock as the Restricted Stock Awards vest, but not to dividends declared on the underlying shares while the stock subject to the Restricted Stock Awards is unvested.

The majority of the RSUs granted vest 20% annually on the anniversary date of the grant and are fully vested after five years. The majority of the PSUs granted cliff vest on the third anniversary of the grant date. The ultimate number of common shares that may be earned pursuant to our PSU awards depends on the level of our achievement of stated financial performance objectives. The achievement range was 0% to 200% for the November 1, 2023 annual grant and 0% to 150% for the November 1, 2022 and November 1, 2021 annual grants.

Stock-based Awards Available for Grant

As of August 31, 2024, we had 3.7 million employee stock-based awards available for grant under the LTIP and 0.2 million non-employee director stock-based awards available for grant under the Director Plan.

In accordance with the LTIP and Director Plan, each Restricted Stock Award granted or canceled/forfeited is equivalent to 2.5 shares deducted from or added back to, respectively, the aggregate number of stock-based awards available for grant.

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefits that would affect the effective tax rate	$ 29.1	$ 19.1	$ 16.5
Undistributed foreign earnings	306.6
Undistributed foreign earnings, permanently reinvested	87.7
Undistributed foreign earnings, deferred tax liability	3.6
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	22.4
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 11.5

LEASES - Schedule of Lease Cost and Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Leases [Abstract]
Operating lease costs	$ 30,407	$ 32,330	$ 38,830
Variable lease costs	$ 17,280	$ 17,940	11,542
Weighted average remaining lease term (in years)	6 years 10 months 24 days	7 years 9 months 18 days
Weighted average discount rate (incremental borrowing rate)	4.60%	4.50%
Cash paid for amounts included in the measurement of lease liabilities	$ 39,386	$ 39,392	43,032
Lease ROU assets obtained in exchange for lease liabilities	10,268	16,934	9,348
Reductions to ROU assets resulting from reductions to lease liabilities	$ (281)	$ (1,376)	$ (17,597)

INCOME TAXES

12 Months Ended

Aug. 31, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

We are subject to taxation in the United States and various foreign jurisdictions in which we conduct our business. Income tax expense is based on taxable income determined in accordance with current enacted laws and tax rates. Deferred income taxes are recorded for the temporary differences between the financial statement carrying amounts and the tax basis of our assets and liabilities using currently enacted tax rates.

Provision for Income Taxes and Effective Tax Rate

The provision for income taxes and the effective tax rate are as follows:


(in thousands)	Years ended August 31,
	2024			2023			2022
U.S. operations	$	416,093		$	382,702		$	281,971
Non-U.S. operations	235,410			201,252			161,623
Income before income taxes	$	651,503		$	583,954		$	443,594

U.S. operations	$	55,219		$	54,337		$	18,107
Non-U.S. operations	59,158			61,444			28,570
Provision for income taxes	$	114,377		$	115,781		$	46,677

Effective tax rate	17.6		%	19.8		%	10.5		%

The components of the provision for income taxes consist of the following:


(in thousands)	Years ended August 31,
	2024		2023		2022
Current
U.S. federal	$	46,903	$	38,625	$	12,766
U.S. state and local	40,926		38,600		10,936
Non-U.S.	58,568		69,675		31,690
Total current taxes	$	146,397	$	146,900	$	55,392

Deferred
U.S. federal	$	(26,962)	$	(17,235)	$	(4,722)
U.S. state and local	(5,648)		(5,652)		(874)
Non-U.S.	590		(8,232)		(3,119)
Total deferred taxes	$	(32,020)	$	(31,119)	$	(8,715)
Provision for income taxes	$	114,377	$	115,781	$	46,677

Our effective tax rate will vary based on, among other things, changes in levels of foreign income, as well as other non-recurring events.

The following table presents a reconciliation between the U.S. corporate income tax rate and our effective tax rate:


	Years ended August 31,
(expressed as a percentage of income before income taxes)	2024		2023		2022
Tax at U.S. Federal statutory tax rate	21.0	%	21.0	%	21.0	%
Increase (decrease) in taxes resulting from(1):
State and local taxes, net of U.S. federal income tax benefit	2.2		3.1		1.8
Foreign income at other than U.S. rates	1.5		(0.1)		(1.2)
Foreign derived intangible income ("FDII") deduction	(2.3)		(1.6)		(2.2)
Income tax benefits from R&D tax credits	(2.8)		(3.8)		(4.1)
Stock-based payments	(2.1)		(2.2)		(3.4)

U.S. impact of foreign income	(2.5)		(0.6)		—
Uncertain tax positions	2.3		0.5		0.4
One-time adjustment(2)	—		3.8		—
Other, net	0.3		(0.3)		(1.8)
Effective tax rate	17.6	%	19.8	%	10.5	%

(1) During fiscal 2024, we further disaggregated our effective tax rate reconciliation. We conformed comparative figures for fiscal 2023 and 2022 to the current year’s presentation.

Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities recorded within the Consolidated Balance Sheets were as follows:


(in thousands)	As of August 31,
	2024		2023
Deferred tax assets:
Lease liabilities	$	41,373	$	55,608
Stock-based compensation	35,615		32,611

Capitalization of R&D costs	109,664		58,709
Sales Tax Dispute	14,058		—
Other	28,154		21,701
Total deferred tax assets	$	228,864	$	168,629

Deferred tax liabilities:
Depreciation on PPE	$	35,666	$	29,048
Purchased intangible assets, including acquired technology	106,131		84,102
Lease ROU assets	24,429		33,900
Other	9,753		1,087
Total deferred tax liabilities	$	175,979	$	148,137
Total deferred tax assets (liabilities), net	$	52,885	$	20,492

At August 31, 2024, our pre-tax federal and state NOLs were approximately $22.4 million and $11.5 million, respectively. These carryforwards may be used to offset future taxable income. Our federal NOLs have various expiration dates, beginning August 31, 2036, with some federal NOLs having an unlimited carryforward, and our state NOLs have various expiration dates, beginning August 31, 2025. Utilization of the NOLs may be subject to an annual limitation due to the ownership limitations provided by the Internal Revenue Code of 1986, as amended (the "Code"), and similar state provisions. Any annual limitation may result in the expiration of NOLs before utilization.

Unrecognized Tax Benefits

The determination of liabilities related to uncertain tax positions, and associated interest and penalties, requires significant estimates and assumptions; as such, there can be no assurance that we will accurately predict the outcomes of these audits. We have no reason to believe that such audits will result in the payment of additional taxes and/or penalties that would have a material adverse effect on our results of operations or financial position, beyond current estimates.

The following table summarizes the changes in the balance of gross unrecognized tax benefits:


(in thousands)
Unrecognized tax benefits as of August 31, 2021	$	14,870
Additions based on tax positions related to the current year	7,959
Release for tax positions of prior years	(2,658)

Unrecognized tax benefits as of August 31, 2022(1)	$	20,171
Additions based on tax positions related to the current year	4,372
Release for tax positions of prior years	(3,490)

Unrecognized tax benefits as of August 31, 2023(1)	$	21,053
Additions based on tax positions related to the current year	17,794
Release for tax positions of prior years	(3,557)
Unrecognized tax benefits as of August 31, 2024(1)	$	35,290

(1) The unrecognized tax benefits include accrued interest of $3.9 million, $1.6 million and $1.4 million as of August 31, 2024, 2023 and 2022, respectively.

We do not currently anticipate that the total amount of unrecognized tax benefits will significantly change within the next 12 months. If our unrecognized tax benefits as of fiscal 2024, 2023, and 2022 were realized in a future period, this would result in a tax benefit of $29.1 million, $19.1 million and $16.5 million, respectively, which would affect the effective tax rate in a future period.

In the normal course of business, our tax filings are subject to audit by federal, state and foreign tax authorities. At August 31, 2024, we remained subject to examination in the following significant tax jurisdictions for the fiscal years as indicated below:


Significant Tax Jurisdiction	Open Tax Fiscal Years
U.S.
Federal	2019	through	2023
State (various)	2019	through	2023

Europe
United Kingdom	2021	through	2023
France	2021	through	2023
Germany	2020	through	2023

Undistributed Foreign Earnings

As of August 31, 2024, we have $306.6 million of undistributed foreign earnings of which $87.7 million are permanently reinvested. It is not practicable to determine the deferred tax liability that would be payable if these permanently reinvested earnings were repatriated to the U.S. As of August 31, 2024, we have recorded a deferred tax liability of $3.6 million, which represents the future tax consequences that are expected upon the ultimate repatriation of earnings that are not permanently reinvested. With respect to outside basis differences other than unremitted earnings, we continue to be permanently reinvested and have no plans to liquidate or sell any foreign subsidiaries. In addition, we have not provided for deferred taxes on any outside basis differences of our domestic subsidiaries as we have the ability and intent to recover these basis differences in a tax-free manner. It is not practicable to determine the amount of unrecognized deferred tax related to these basis differences.

Inflation Reduction Act of 2022

On August 16, 2022, the IRA was signed into law. The IRA contains several revisions to the Code effective for taxable years beginning after December 31, 2022, including a 15% corporate alternative minimum tax ("CAMT") on certain large corporations. The CAMT did not have an impact on our Consolidated Financial Statements for fiscal 2024.

Base Erosion and Profit Shifting Pillar Two

The Organization for Economic Co-operation and Development released Base Erosion and Profit Shifting Pillar Two rules (“Pillar Two”) to introduce a global minimum corporate tax of 15% for companies with global revenues and profits above certain thresholds. Certain aspects of Pillar Two are effective for tax years beginning on or after January 1, 2024. Although the U.S. has not yet enacted legislation to adopt Pillar Two, certain countries in which we operate have already adopted, or are in the process of adopting, legislation to implement Pillar Two. We do not expect Pillar Two to have a material impact on our Consolidated Financial Statements, related disclosures or effective tax rate.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
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-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 12C
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

SCHEDULE II - Valuation and Qualifying Accounts

12 Months Ended

Aug. 31, 2024

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

Schedule II – Valuation and Qualifying Accounts


(in thousands)
Description	Balance at Beginning of Year		Charged to Expense		Write-offs, Net of Recoveries		Balance at End of Year
Accounts Receivable Allowance:
2024	$	7,769	$	7,420	$	(608)	$	14,581
2023	$	2,776	$	6,668	$	(1,675)	$	7,769
2022	$	6,431	$	1,324	$	(4,979)	$	2,776

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Statement of Comprehensive Income [Abstract]
Net unrealized gain (loss) on cash flow hedges, tax (benefit) expense	$ (369)	$ (61)	$ 1,657

DESCRIPTION OF BUSINESS	12 Months Ended
DESCRIPTION OF BUSINESS	Aug. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS	DESCRIPTION OF BUSINESS FactSet Research Systems Inc. and its wholly-owned subsidiaries (collectively, "we," "our," "us," the "Company" or "FactSet") is a global financial digital platform and enterprise solutions provider with open and flexible technologies that aims to supercharge financial intelligence. Our platform delivers expansive data, sophisticated analytics, and flexible technology used by global financial professionals to power their critical investment workflows. As of August 31, 2024, we had more than 8,200 clients comprised of over 216,000 investment professionals, including institutional asset managers, bankers, wealth managers, asset owners, partners, hedge funds, corporate users, and private equity and venture capital professionals. Our revenues are primarily derived from subscriptions to our multi-asset class data and solutions powered by our connected data and technology platform. Our products and services include workstations, portfolio analytics and enterprise data solutions. We also offer managed services that operate as an extension of our clients' internal teams to support data, performance, risk and reporting workflows. We drive our business based on detailed understanding of our clients’ workflows, which helps us to solve their most complex challenges. We provide financial data and market intelligence on securities, companies, industries and people to enable our clients to research investment ideas and analyze, monitor and manage their portfolios. Our solutions span the investment lifecycle of investment research, portfolio construction and analysis, trade execution, performance measurement, risk management and reporting. We provide open and flexible technology offerings, including a configurable desktop and mobile platform, comprehensive data feeds, cloud-based digital solutions, and application programming interfaces ("APIs"). The CUSIP Global Services ("CGS") business supports security master files relied on by the investment industry for critical front, middle and back-office functions. All of our platforms and solutions are supported by our dedicated client service team. We operate our business through three reportable segments ("segments"): the Americas, EMEA and Asia Pacific. During fiscal 2024, we revised our internal organization within each segment to offer data, products and analytical applications by firm type: Institutional Buyside, Dealmakers, Wealth, and Partnerships and CGS. Our chief operating decision maker ("CODM") continues to review our business and operating results based on our segments, the realignment of our internal organization by firm type did not impact our segments for fiscal 2024. Refer to Note 18, Segment Information for further discussion on our segments and CODM.

GOODWILL

12 Months Ended

Aug. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

Changes in the carrying value of goodwill by segment for the years ended August 31, 2024 and 2023 are as follows:


(in thousands)	Americas		EMEA		Asia Pacific		Total
Balance at August 31, 2022	$	686,412	$	277,087	$	2,349	$	965,848
Acquisitions	18,347		—		—		18,347
Foreign currency translations	—		20,647		(106)		20,541
Balance at August 31, 2023	$	704,759	$	297,734	$	2,243	$	1,004,736
Acquisitions	(305)		—		—		(305)
Foreign currency translations	—		6,708		(10)		6,698
Balance at August 31, 2024	$	704,454	$	304,442	$	2,233	$	1,011,129

We performed our annual goodwill impairment test during the fourth quarter of fiscal 2024 and 2023. During fiscal 2024, we utilized a qualitative analysis and concluded there was no impairment as it was more likely than not that the fair value of each of our reporting units was not less than its respective carrying value. During fiscal 2023, we utilized a quantitative analysis, electing to bypass the optional qualitative assessment, and concluded there was no impairment as the fair value of each of our reporting units exceeded its carrying value.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Aug. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation We conduct business globally and manage our business on a geographic basis. The accompanying Consolidated Financial Statements and Notes to the Consolidated Financial Statements included in this Annual Report on Form 10-K are prepared in accordance with generally accepted accounting principles in the United States ("GAAP") for annual financial information and the instructions to Form 10-K and Article 10 of Regulation S-X. The accompanying Consolidated Financial Statements include our accounts and those of our wholly-owned subsidiaries; all intercompany activity and balances have been eliminated. Use of Estimates The preparation of our Consolidated Financial Statements and related disclosures in conformity with GAAP required management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates may include income taxes, stock-based compensation, goodwill and intangible assets, business combinations, property, equipment and leasehold improvements ("PPE"), contingencies and impairment assessments. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of our assets and liabilities. Actual results could differ materially from those estimates. Revenue Recognition The majority of our revenues are derived from client access to our multi-asset solutions powered by our platform of connected data and technology that is available over the contractual term (referred to as the "Hosted Platform"). The Hosted Platform is a subscription-based service that provides client access to various combinations of products and services including workstations, portfolio analytics and enterprise solutions. In addition, through the CGS platform, we provide subscription access to a database of universally recognized identifiers reflecting differentiating characteristics for issuers and their financial instruments (referred to as the "Identifier Platform"). Revenues from our products and services are recognized as we transfer control to our clients, in an amount that reflects the consideration we expect to receive in exchange for satisfying our performance obligations. We determined the majority of our contracts with clients, whether for our Hosted Platform or Identifier Platform service, each represent a single performance obligation covering a series of distinct products and services that are substantially the same and that have the same pattern of transfer to the client. The primary nature of our promise to the client is to provide daily access to each of these data and analytics platforms, with revenue recognized over-time as performance is satisfied on an output time-based measure of progress, as the client is simultaneously receiving and consuming the benefits of the platform. We record deferred revenues when payments are received in advance of performance under the client contract. Stock-Based Compensation Our stock-based compensation expense consists of: •Stock options, restricted stock units ("RSUs") and/or performance share units ("PSUs") issued to eligible employees under the FactSet Research Systems Inc. Stock Option and Award Plan, as Amended and Restated (the "LTIP"). •Stock options and RSUs issued to non-employee members of the Board of Directors ("non-employee directors") under the FactSet Research Systems Inc. Non-Employee Directors’ Stock Option and Award Plan as Amended and Restated (the "Director Plan"). •Common stock purchased by eligible employees under the FactSet Research Systems Inc. Employee Stock Purchase Plan as Amended and Restated (the "ESPP"). We measure and recognize stock-based compensation expense for all stock-based awards and purchases of common stock under the ESPP based on their estimated grant date fair value. To estimate the grant date fair value, we utilize a lattice-binomial option-pricing model ("binomial model") for our employee stock options and the Black-Scholes model for non-employee director stock options and common stock purchased by eligible employees under our ESPP. Both the binomial model and Black-Scholes model involve certain estimates and assumptions such as: •Risk-free interest rate - based on the U.S. Treasury yield curve in effect at the time of grant with maturities equal to the expected terms of the stock-based awards granted. •Expected life - the weighted average period the stock-based awards are expected to remain outstanding. •Expected volatility - based on a blend of historical volatility of the stock-based award's useful life and the weighted average implied volatility for call option contracts traded in the 90 days preceding the stock-based award's valuation date. •Dividend yield - the expectation of dividend payouts based on our history. The binomial model also incorporates market conditions, vesting restrictions and exercise patterns. For RSUs and PSUs (collectively, "Restricted Stock Awards"), the grant date fair value is measured by reducing the grant date price of our common stock by the present value of expected future dividend payments on the underlying stock during the requisite service period, discounted at the appropriate risk-free interest rate. The number of PSUs granted assumes target-level achievement of the specified performance levels within the payout range. The ultimate number of common shares that may be earned pursuant to our PSU awards depends on the level of our achievement of stated financial performance objectives. Stock-based compensation expense for stock option and RSU awards is recognized over the requisite service period using the straight-line method. For stock options and RSU grants, the amount of stock-based compensation expense recognized on any date is at least equal to the vested portion of the award on that date. Our PSUs require us to make assumptions regarding the probability of achieving specified performance levels established at the time of grant. We recognize stock-based compensation expense for PSUs using the straight-line method over the requisite service period. The probability of achieving the specified performance levels is reviewed on a quarterly basis to ensure the amount of stock-based compensation expense appropriately reflects the expected achievement. For our ESPP, stock-based compensation expense is recognized on a straight-line basis over the offering period. Our stock-based awards are generally subject to the continued employment and continued service at the time of vesting by employees and non-employee directors, respectively. Compensation expense for stock-based awards is recorded net of estimated forfeitures, which are based on historical forfeiture rates and are revised if actual forfeitures differ from those estimates. Research and Product Development Costs We do not have a separate research and product development ("R&D") department, but rather we rely on collaboration across departments, with costs primarily consisting of employee compensation costs, such as salaries and related benefits for our product development, software engineering and technical support departments, as well as certain third party costs. These teams collaborate with our strategists, product and content managers, technologists, sales and other team members to develop new products and process innovations and enhance existing products. Our R&D costs are expensed as incurred and are primarily recorded in employee compensation costs, which are included in our Cost of services and Selling, general and administrative ("SG&A") expenses in the Consolidated Statements of Income, dependent on the nature of the team. We incurred R&D costs of $265.2 million, $267.4 million and $255.1 million during fiscal 2024, 2023 and 2022, respectively. Income Taxes We account for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recorded for the temporary differences between the financial statement and the tax basis of assets and liabilities. In addition, deferred tax assets and liabilities are recorded for net operating loss carryforwards ("NOLs") and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which they are expected to be realized or settled. Deferred tax assets are evaluated for future realization and reduced by a valuation allowance to the amount that is more likely than not (defined as a likelihood of more than 50%) to be realized. Applicable accounting guidance prescribes a comprehensive model for financial statement recognition, measurement, classification and disclosure of uncertain tax positions that a company has taken or expects to take on a tax return. We follow a two-step approach in recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not (defined as a likelihood of more than 50%) that a tax position will be sustained based on its technical merits as of the reporting date. The second step, for those positions that meet the recognition criteria, is to measure and recognize the largest amount of benefit that is greater than 50% likely of being realized upon effective settlement with a taxing authority. We classify the liability for unrecognized tax benefits as Taxes Payable (non-current) and to the extent we anticipate payment of cash within one year, the benefit is classified as Current taxes payable in the Consolidated Balance Sheets. The determination of liabilities related to uncertain tax positions and associated interest and penalties requires significant estimates and assumptions; as such, there can be no assurance that we will accurately predict the outcomes of these audits. For this reason and due to ongoing audits by multiple tax authorities, we regularly engage in discussions and negotiations with tax authorities regarding tax matters in various jurisdictions. We adjust these reserves in light of changing facts and circumstances, such as the closing of a tax audit or the refinement of an estimate. To the extent that the final outcome of these matters is different than the amounts recorded, such differences will affect the provision for income taxes in the period in which such determination is made. We accrue interest on all income tax exposures for which reserves have been established consistent with jurisdictional tax laws, and recognize this interest in the Provision for income taxes in the Consolidated Statements of Income and in Current taxes payable or Taxes payable (non-current), based on the expected timing of the payment, within the Consolidated Balance Sheets. Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments including demand deposits and money market funds available for withdrawal without restriction or with original maturities of 90 days or less. The carrying value of our cash and cash equivalents approximates fair value. Accounts Receivable Accounts receivable includes both invoiced and unbilled receivables, net of allowance for any potential uncollectible amounts. Unbilled receivables reflect revenues earned for which we have the unconditional right to payment, even though we have not yet issued an invoice. Amounts included in accounts receivable are expected to be collected within one year. Our allowance for expected credit losses is based on a variety of factors, including collectability trends, our historical write-off activity, current economic environment, customer-specific information and expectations of future economic conditions. Our allowance is recorded to SG&A in the Consolidated Statements of Income and we assess the adequacy of the allowance on a quarterly basis. Recoveries of accounts previously reserved are recognized as a reversal to SG&A when payment is received. We write-off accounts receivable balances when we have exhausted our collection efforts. Property, Equipment and Leasehold Improvements PPE are stated at cost, less accumulated depreciation and amortization. Property and equipment are depreciated based on the straight-line method over the estimated useful lives of the assets, ranging from three to five years for computers and related equipment and seven years for furniture and fixtures. Leasehold improvements are amortized on a straight-line basis over the shorter of their respective useful lives or the related lease term. Repairs and maintenance expenditures, which are not considered leasehold improvements and do not extend the useful life of the property and equipment, are expensed as incurred. We review our PPE to determine if any indicators of impairment are present on a quarterly basis or whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. If indicators of impairment are present, the asset group is tested for impairment by comparing its carrying value to its undiscounted cash flows and if impaired, written down to fair value based on its discounted cash flows. In addition, we periodically evaluate the estimated remaining useful lives of our PPE to determine whether events or changes in circumstances warrant a revision to the remaining period of depreciation or amortization. Goodwill We recognize the excess of the purchase price over the fair value of identifiable net assets acquired at the acquisition date as goodwill. Goodwill is not amortized as it is estimated to have an indefinite life and is tested for impairment at the reporting unit level annually, or more frequently if impairment indicators occur. Goodwill is deemed to be impaired and written-down in the period in which the carrying value of the reporting unit exceeds its fair value. We have three reporting units, Americas, EMEA and Asia Pacific, which are consistent with our operating segments. When assessing goodwill for impairment, we may first elect to perform a qualitative analysis for the reporting units to determine whether it is more likely than not (a likelihood of more than 50 percent) that the fair value of the reporting unit is less than its carrying value. If the qualitative analysis indicates that it is more likely than not the fair value of a reporting unit is less than its carrying value or if we elect not to perform a qualitative analysis, a quantitative analysis is performed to determine whether a goodwill impairment exists. The quantitative goodwill impairment analysis is used to identify potential impairment by comparing the carrying value of a reporting unit with its fair value. To perform this analysis, we apply the income approach which utilizes discounted cash flows, along with other relevant market information. The annual review of the carrying value of goodwill requires us to develop estimates of expected cash flows by reporting unit, based on future business performance, discounted by their respective weighted average cost of capital. Changes in our estimates can impact the present value of expected cash flows used in determining fair value of a reporting unit. If the carrying value of the reporting unit exceeds the fair value, then the goodwill is considered impaired and written down to the reporting unit’s fair value. The impairment loss for the reporting unit cannot exceed the carrying value of the goodwill allocated to that reporting unit. Intangible Assets We amortize intangible assets over their estimated useful lives, assuming no residual value. We evaluate the useful lives annually to determine whether events and circumstances warrant a revision to the remaining period of amortization. If the estimate of the remaining useful life is changed, the remaining carrying amount of the intangible asset is amortized prospectively over that revised remaining useful life. Intangible assets are tested for impairment qualitatively on a quarterly basis or whenever events or changes in circumstances indicate that the carrying amount of an asset group is not recoverable. If indicators of impairment are present, our intangible assets are tested for impairment by comparing the carrying value to undiscounted cash flows and, if impaired, written down to fair value based on discounted cash flows. Internal-use Software and Implementation Costs of Hosting Arrangements Our developed technology intangible assets (“Developed technology”) include capitalized internal-use software costs related to internal employee compensation costs and external expenses incurred during the application development phase. These costs relate to the development, modification, or acquisition of software for internal-use and are recorded in Intangible assets, net on the Consolidated Balance Sheets. Development costs related to software upgrades and enhancements are capitalized if they provide additional functionality. We also capitalize qualifying implementation costs for hosting arrangements that meet the capitalization criteria per the internal-use software guidance. These implementation costs are recorded in Other assets on the Consolidated Balance Sheets. Our Developed technology and implementation assets are typically amortized over three to five years using the straight-line method. Leases Our operating lease arrangements relate to our office space and data centers. We determine if an arrangement qualifies as a lease at inception by evaluating if there is an identified asset and whether we obtain substantially all the economic benefits of and have the right to control the use of an asset. For operating leases with a term greater than one year, we recognize lease right-of-use ("ROU") assets and lease liabilities as the present value of future minimum lease payments over the reasonably certain lease term beginning at the commencement or modification date. The future minimum lease payments include fixed lease payments and certain qualifying index-based variable payments. Our lease ROU assets may further be impacted by prepayments, lease incentives received and initial direct costs incurred. Our operating leases are classified within Lease right-of-use assets, net, Current lease liabilities and Long-term lease liabilities on our Consolidated Balance Sheets. Our leases generally do not have a readily determinable implicit rate, therefore we use our incremental borrowing rate ("IBR") at the lease commencement or modification date, or on the date of lease modification, if applicable, in determining the present value of future payments. Our IBR is derived by selecting U.S. corporate yield curves observed for public companies that are reflective of our credit rating, adjusted to approximate a secured rate of borrowing. We also consider revisions to the rate to reflect the geographic location where the leased asset is located. Certain of our lease agreements include options to extend and/or terminate the lease, which we do not include in our minimum lease terms unless we are reasonably certain to exercise these options. We account for the lease and non-lease components as a single lease component, which we recognize over the expected term on a straight-line expense basis in occupancy costs (a component of SG&A expense in the Consolidated Statements of Income). Variable lease payments that are not included in the calculation of lease ROU assets and lease liabilities are expensed as incurred within occupancy costs. We review our lease ROU assets for impairment when there are indicators that an asset may no longer be recoverable. The impairment assessment requires significant judgments and estimates, including estimating subtenant rental income, calculating an appropriate discount rate and assessing other applicable future cash flows associated with the leased location. These estimates are based on our experience and knowledge of the market in which the property is located, previous efforts to dispose of similar assets and the assessment of existing market conditions. Impairments are recognized as a reduction to the carrying value of the Lease right-of-use assets, net with a corresponding increase to Asset impairments on our Consolidated Balance Sheets and Consolidated Statements of Income, respectively. Derivative Instruments We use derivative financial instruments ("derivatives") to manage exposure to foreign currency exchange rates and variable interest rates. Our primary objective in holding derivatives is to reduce the volatility in cash flows associated with foreign currency fluctuations and funding activities arising from changes in interest rates. We do not employ derivatives for trading or speculative purposes. Foreign Currency Forward Contracts As we conduct business outside the U.S. in several currencies, we utilize derivative instruments (foreign currency forward contracts) to mitigate our currency exposures from fluctuations in foreign currency exchange rates that can create volatility in our results of operations, cash flows and financial condition. Our primary currency exposures include the British Pound Sterling, Euro, Indian Rupee and Philippine Peso. In designing a specific hedging approach, we consider several factors, including offsetting exposures, significance of exposures, forecasting risk and potential effectiveness of the hedge. Interest Rate Swap Agreement We leverage interest rate swap agreements to hedge the variability of our cash flows resulting from floating interest rates on our debt. Through a swap agreement, for the portion of the debt that is hedged, we pay interest at a fixed interest rate as opposed to a floating interest rate per the contractual terms of our debt agreement, at specified intervals throughout the life of the interest rate swap agreement. Derivative Instrument Classification At inception of the hedge accounting relationship and on a quarterly basis, we formally assess whether derivatives designated as cash flow hedges are highly effective in offsetting changes to the forecasted cash flows of the hedged items. If the cash flow hedges are deemed to be highly effective, the gain or loss on the cash flow hedges are initially reported as a component of Accumulated other comprehensive loss ("AOCL") on the Consolidated Balance Sheets. These changes are subsequently reclassified to the Consolidated Statements of Income and recorded in SG&A for the foreign currency forward contracts and Interest expense for the interest rate swap agreements, when the hedged exposure affects earnings. All our derivatives are assessed for effectiveness at each reporting period and are designated as hedging instruments. Treasury Stock We account for treasury stock under the cost method and include Treasury stock as a component of Stockholders' equity on the Consolidated Balance Sheets. We may repurchase shares of our common stock under our share repurchase program in the open market or via privately negotiated transactions, subject to market conditions. Repurchased shares of our common stock are recorded at the market price on the trade date and are held as treasury shares until they are reissued or retired. When treasury shares are reissued, if the issuance price is higher than the average price paid to acquire the shares ("the cost"), the excess of the issuance price over the cost is credited to additional paid-in capital ("APIC"). If the issuance is lower than the cost, the difference is first charged against any credit balance in APIC from Treasury stock, with the remaining balance charged to Retained earnings on the Consolidated Balance Sheets. We account for the formal retirement of treasury shares by deducting its par value from Common stock, reflecting any excess over par value as a reduction to APIC (to the extent created by previous issuances of the shares) and then Retained earnings on the Consolidated Balance Sheets. The Inflation Reduction Act of 2022 ("IRA"), which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. During fiscal 2024, we recorded the applicable excise tax in Treasury stock as part of the cost basis of the stock repurchased and recorded a corresponding liability for the excise taxes payable in Accounts payable and accrued expenses on the Consolidated Balance Sheets. Fair Value Measurements Fair value is defined as the price that would be received from selling an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date. In determining fair value, the use of various valuation methodologies, including market, income and cost approaches is permissible. The inputs to these methodologies consider market comparable information, taking into account the principal or most advantageous market in which we would transact. The accounting guidance for fair value measurements establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value based on the reliability of inputs. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Foreign Currency Translation and Remeasurement Certain wholly-owned subsidiaries operate under a functional currency different from the U.S. dollar. Our primary currency exposures include the British Pound Sterling, Euro, Indian Rupee and Philippine Peso. The financial statements of our foreign subsidiaries that are local currency functional are translated into U.S. dollars using period-end rates of exchange for assets and liabilities and average monthly rates for revenues and expenses. The resulting translation gains and losses that arise from translating these assets, liabilities, revenues and expenses of our foreign operations are recorded in AOCL in the Consolidated Balance Sheets. For the financial statements of our foreign subsidiaries that are U.S. dollar functional, but maintain their books of record in their respective local currency, we remeasure our revenues and expenses into U.S. dollars at the average rates of exchange for the period, monetary assets and liabilities using period-end rates and non-monetary assets and liabilities at their historical rates. The resulting remeasurement gains and losses are recorded to SG&A in the Consolidated Statements of Income. Concentrations of Credit Risk Credit risk arises from the potential nonperformance by counterparties to fulfill their financial obligations. Our financial instruments that potentially subject us to concentrations of credit risk consist primarily of our cash, cash equivalents, accounts receivable, investments in mutual funds and derivative instruments. The maximum credit exposure of our cash, cash equivalents, accounts receivable and investments in mutual funds is their carrying values as of the balance sheet date. The maximum credit exposure related to our derivative instruments is based upon their respective gross fair values as of the balance sheet date. Cash, Cash Equivalents and Investments We are exposed to credit risk on our cash, cash equivalents and investments in mutual funds in the event of default by the financial and governmental institutions with which we transact. We invest in a manner that aligns with our restrictive cash investment practices, preserves capital and provides liquidity, while minimizing our exposure to credit risk. We limit our exposure to credit loss by investing with multiple financial and governmental institutions that we believe are high-quality and credit-worthy. We have not experienced any credit losses relating to our cash, cash equivalents and investments in mutual funds. Accounts Receivable Our accounts receivable credit risk is dependent upon the financial stability of our individual clients. As of August 31, 2024 and August 31, 2023, our accounts receivable reserve was $14.6 million and $7.8 million, respectively. We do not require collateral from our clients; however, no single client represented more than 3.5% of our total annual revenues for fiscal 2022 through fiscal 2024. Due to our large and geographically dispersed client base, our concentration of credit risk related to our accounts receivable is generally limited. Derivative Instruments Our use of derivative instruments exposes us to credit risk to the extent counterparties may be unable to meet the terms of their agreements. To mitigate credit risk, we limit counterparties to financial institutions we believe are credit-worthy and use several institutions to reduce concentration risk. We do not expect any losses as a result of default by our counterparties. Concentrations of Data Providers We integrate data from various third-party sources into our hosted proprietary data and analytics platform. As certain data sources have a limited number of suppliers, we make every effort to assure that, where reasonable, alternative sources are available. We are not dependent on any individual third-party data supplier to meet the needs of our clients, with only two data suppliers each representing more than 10% of our total data costs for the year ended August 31, 2024. Concentrations of Cloud Providers Our clients rely on us for the delivery of time-sensitive, up-to-date data and applications. Our business is dependent on our ability to process substantial volumes of data and transactions rapidly and efficiently. We currently use multiple providers of cloud services; however, one supplier provided the majority of our cloud computing support for fiscal 2024. We maintain back-up facilities and other redundancies at our data centers, take security measures and have emergency planning procedures to minimize the risk that an event will disrupt our operations. Recently Adopted Accounting Pronouncements We did not adopt any new standards or updates issued by the Financial Accounting Standards Board ("FASB") during fiscal 2024 that had a material impact on our Consolidated Financial Statements. Accounting Pronouncements Not Yet Adopted SEC Disclosures - The Enhancement and Standardization of Climate-Related Disclosures for Investors In March 2024, the SEC adopted a final rule under SEC Release Nos. 33-11275 and 34-99678, The Enhancement and Standardization of Climate-Related Disclosures for Investors, which would require disclosure of certain climate-related information in various filings with the SEC. In April 2024, the SEC stayed implementation of the final rule pending completion of judicial review. We are currently assessing the potential impact of the rule on our disclosures. Codification Improvements - Amendments to Remove References to the Concepts Statements In March 2024, the FASB issued Accounting Standards Update ("ASU") 2024-02, Codification Improvements - Amendments to Remove References to the Concepts Statements. This ASU amends the FASB Accounting Standards Codification ("the Codification") to remove references to various FASB Concepts Statements and impacts a variety of topics in the Codification. The amendments apply to all reporting entities within the scope of the affected accounting guidance, but in most instances the references removed are extraneous and not required to understand or apply the guidance. The amendments in this ASU are to be applied prospectively, although retrospective application is permitted, and are effective for our interim and annual financial statements starting in fiscal 2026. Early adoption is permitted. This ASU is not expected to have a material impact on our Consolidated Financial Statements or related disclosures. Income Taxes - Improvements to Income Tax Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures. This ASU enhances annual income tax disclosures primarily related to our effective tax rate reconciliation and income taxes paid. The amendments in this ASU are to be applied prospectively, although retrospective application is permitted, and are effective for our annual financial statements starting in fiscal 2026. Early adoption is permitted. This ASU is not expected to have a material impact on our Consolidated Financial Statements. We are currently assessing the impact of the new requirements on our disclosures. Segment Reporting - Improvements to Reportable Segment Disclosures In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures. This ASU enhances segment disclosures primarily related to significant segment expenses for both interim and annual periods. The amendments in this ASU are to be applied retrospectively and are effective for our annual financial statements starting in fiscal 2025 and interim periods starting in fiscal 2026. Early adoption is permitted. This ASU is not expected to have a material impact on our Consolidated Financial Statements. We are currently assessing the impact of the new requirements on our disclosures. Disclosure Improvements - Codification Amendment in Response to the Securities and Exchange Commission's ("SEC") Disclosure Update and Simplification Initiative In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements - Codification Amendment in Response to the SEC’s Disclosure Update and Simplification Initiative. The ASU incorporates several disclosure and presentation requirements currently residing in the SEC Regulations S-X and S-K. The amendments will be applied prospectively and are effective when the SEC removes the related requirements from Regulations S-X or S-K. Any amendments the SEC does not remove by June 30, 2027 will not be effective. As we are currently subject to these SEC requirements, this ASU is not expected to have a material impact on our Consolidated Financial Statements or related disclosures. No other new accounting pronouncements issued or effective during fiscal 2024 have had, or are expected to have, a material impact on our Consolidated Financial Statements.

STOCK-BASED COMPENSATION - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Millions				12 Months Ended
	Nov. 01, 2023	Nov. 01, 2022	Nov. 01, 2021	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022	Aug. 30, 2024
Number Outstanding
Beginning balance (in shares)				1,988,000	2,089,000	2,277,000
Exercised (in shares)				(376,000)	(318,000)	(414,000)
Forfeited (in shares)				(38,000)	(56,000)	(128,000)
Ending balance (in shares)				1,822,913	1,988,000	2,089,000
Options vested and exercisable (in shares)				1,035,000
Options expected to vest (in shares)				726,000
Weighted Average Exercise Price Per Share
Beginning balance (in dollars per share)				$ 285.95	$ 253.85	$ 214.89
Exercised (in dollars per share)				213.62	181.67	178.57
Forfeited (in dollars per share)				404.47	373.04	301.05
Ending balance (in dollars per share)				319.07	$ 285.95	$ 253.85
Options vested and exercisable (in dollars per share)				256.93
Options expected to vest (in dollars per share)				$ 398.12
Aggregate Intrinsic Value
Outstanding, aggregate intrinsic value				$ 180.1
Options vested and exercisable, aggregate intrinsic value				172.9
Options expected to vest, aggregate intrinsic value				$ 23.2
Weighted Average Remaining Contractual Life
Outstanding, weighted average remaining contractual life (in years)				5 years 8 months 12 days
Options vested and exercisable, weighted average remaining contractual life (in years)				4 years 3 months 18 days
Options expected to vest, weighted average remaining contractual life (in years)				7 years 6 months
Exercise price (in dollars per share)							$ 422.84
Pre-tax intrinsic value of stock options exercised				$ 89.5	$ 77.5	$ 104.1
Unamortized stock-based compensation				$ 53.0
Remaining weighted average vesting period (in years)				2 years 9 months 18 days
Stock options
Weighted Average Remaining Contractual Life
Remaining weighted average vesting period (in years)				3 years
Employee
Number Outstanding
Granted (in shares)	242,371	266,051	292,377	243,379	268,185	348,458
Weighted Average Exercise Price Per Share
Granted (in dollars per share)				$ 436.61	$ 426.22	$ 433.09
Weighted average grant date fair value (in dollars per share)				$ 132.59	$ 125.57	$ 103.49
Non-employee directors
Number Outstanding
Granted (in shares)				6,000	5,000	6,000
Weighted Average Exercise Price Per Share
Granted (in dollars per share)				$ 462.23	$ 428.70	$ 428.71
Weighted average grant date fair value (in dollars per share)				$ 132.78	$ 128.84	$ 109.11