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Jun 30, 2021

MSCI Q2 2021 Earnings Report

MSCI drove exceptional results with significant revenue growth and margin expansion.

Key Takeaways

MSCI reported strong financial results for Q2 2021, with operating revenues up 21.6% to $498.2 million and diluted EPS up 46.3% to $1.99. The company saw growth in recurring subscription revenues and asset-based fees, and the Board of Directors approved a 33.3% increase to the quarterly dividend.

Operating revenues increased by 21.6% to $498.2 million.

Recurring subscription revenues were up 12.3% and asset-based fees increased by 54.6%.

Diluted EPS rose by 46.3% to $1.99, while adjusted EPS increased by 38.4% to $2.45.

The Board of Directors approved a 33.3% increase to the quarterly dividend, setting it at $1.04 per share.

Total Revenue
$498M
Previous year: $410M
+21.6%
EPS
$2.45
Previous year: $1.77
+38.4%
Retention Rate
94.4%
Previous year: 93.5%
+1.0%
Gross Profit
$411M
Previous year: $339M
+21.1%
Cash and Equivalents
$1.97B
Previous year: $1.38B
+42.4%
Free Cash Flow
$214M
Previous year: $259M
-17.3%
Total Assets
$4B
Previous year: $4.19B
-4.5%

MSCI

MSCI

MSCI Revenue by Segment

Forward Guidance

MSCI's guidance for the year ending December 31, 2021 is based on assumptions about a number of macroeconomic and capital market factors, in particular related to equity markets, and is subject to uncertainty related to the duration, magnitude and impact of the COVID-19 pandemic.

Revenue & Expenses

Visualization of income flow from segment revenue to net income