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Mar 31, 2023

MSCI Q1 2023 Earnings Report

MSCI delivered solid first-quarter results with organic operating revenue growth and strong recurring subscription revenue growth.

Key Takeaways

MSCI reported operating revenues of $592.2 million, a 5.8% increase year-over-year. Organic operating revenue growth was 7.2%. Diluted EPS was $2.97, up 6.8%, and adjusted EPS was $3.14, up 5.4%. The company's recurring subscription revenues increased by 11.4%.

Operating revenues increased by 5.8% to $592.2 million.

Organic operating revenue growth was 7.2%.

Recurring subscription revenues grew by 11.4%.

Diluted EPS increased by 6.8% to $2.97, and Adjusted EPS increased by 5.4% to $3.14.

Total Revenue
$592M
Previous year: $560M
+5.8%
EPS
$3.14
Previous year: $2.98
+5.4%
Retention Rate
95.2%
Previous year: 95.9%
-0.7%
Gross Profit
$484M
Previous year: $457M
+5.8%
Cash and Equivalents
$1.08B
Previous year: $679M
+59.1%
Free Cash Flow
$243M
Previous year: $229M
+6.0%
Total Assets
$5.14B
Previous year: $4.16B
+23.6%

MSCI

MSCI

MSCI Revenue by Segment

Forward Guidance

MSCI's guidance for the year ending December 31, 2023 ("Full-Year 2023") is based on assumptions about a number of factors, in particular related to macroeconomic factors and the capital markets.

Revenue & Expenses

Visualization of income flow from segment revenue to net income