---
schema_version: "secwatch.filing_event.v1"
accession: "0001013237-25-000036"
form_type: "8-K"
ticker: "FDS"
cik: "0001013237"
company_name: "FACTSET RESEARCH SYSTEMS INC"
filed_at: "2025-02-10T23:59:59+00:00"
generated_at: "2026-05-26T23:45:43.633701+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FactSet acquires LiquidityBook for $246.5M cash, closed Feb 7

## Summary
- Gross purchase price $246.5M in cash; acquisition closed February 7, 2025.
- Funded by borrowings under FactSet's existing revolving credit facility.
- Expected to be modestly dilutive to FactSet's fiscal 2025 GAAP and adjusted diluted EPS.
- LiquidityBook provides cloud-native OMS/IBOR with FIX network to 200+ brokers and 1,600+ destinations.
- FactSet plans to integrate LiquidityBook OMS into FactSet Workstation for seamless front-to-middle office workflow.

## SEC filing metadata
- accession: 0001013237-25-000036
- form_type: 8-K
- ticker: FDS
- cik: 0001013237
- company_name: FACTSET RESEARCH SYSTEMS INC
- filed_at: 2025-02-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013237/000101323725000036/0001013237-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013237/000101323725000036/fds-20250210.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013237-25-000036
- JSON: https://secwatch.observer/filing/0001013237-25-000036.json
- Plain text: https://secwatch.observer/filing/0001013237-25-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.