Guidance

Guidance

2020 FY Guidance¹

  • Adjusted Expenses: $495 - $510 million
    - Includes ~$5 million of new investments primarily in data strategy and cybersecurity
    - Includes ~$3 million of duplicative rent expense
    - Includes ~$10-11 million of G&A per quarter excluding the impact of FX 
  • Acquisition and Refinitiv Transaction related D&A: $110 million
  • Assumed non-GAAP tax rate: 22.0%
  • Capex & Cap software: $45 - $50 million
  • Sharecount (see matrix below)

 

¹ GAAP operating expenses and tax rate guidance are not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement of foreign currency rates.

   
Share Count Sensitivity