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Jun 30, 2022

MSCI Q2 2022 Earnings Report

MSCI delivered a strong quarter despite a challenging external environment, posting record levels of recurring subscription and net new sales.

Key Takeaways

MSCI reported strong Q2 2022 results with operating revenues up 10.8% to $551.8 million and a diluted EPS of $2.59, a 30.2% increase. The company saw particularly strong results in ESG & Climate, Analytics, and Futures & Options. The Index business achieved its 34th consecutive quarter of double-digit subscription run rate growth.

Operating revenues of $551.8 million, up 10.8%; Organic operating revenue growth of 8.4%

Recurring subscription revenues up 16.9%; Asset-based fees down 2.9%

Diluted EPS of $2.59, up 30.2%; Adjusted EPS of $2.78, up 13.5%

New recurring subscription sales growth of 21.3%; Organic recurring subscription Run Rate growth of 14.1%; Retention Rate of 95.5%

Total Revenue
$552M
Previous year: $498M
+10.8%
EPS
$2.78
Previous year: $2.45
+13.5%
Retention Rate
95.5%
Previous year: 94.4%
+1.2%
Gross Profit
$451M
Previous year: $411M
+9.8%
Cash and Equivalents
$842M
Previous year: $1.97B
-57.3%
Free Cash Flow
$194M
Previous year: $214M
-9.5%
Total Assets
$4.51B
Previous year: $4B
+12.6%

MSCI

MSCI

MSCI Revenue by Segment

Forward Guidance

MSCI's full-year 2022 guidance is based on assumptions about macroeconomic and capital market factors, in particular related to equity markets. These assumptions are subject to uncertainty, and actual results for the year could differ materially from our current guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income