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Jun 30, 2023

MSCI Q2 2023 Earnings Report

MSCI delivered solid performance driven by adjusted EPS growth, organic subscription Run Rate growth, and a high retention rate.

Key Takeaways

MSCI reported a strong second quarter, marked by a 17.3% increase in Adjusted EPS, 11.3% organic subscription Run Rate growth, and a retention rate of 95.5%. The company achieved record second-quarter sales results for Index and near-record net new sales results in Analytics, along with significant Climate Run Rate growth.

Operating revenues increased by 12.6% to $621.2 million.

Diluted EPS rose by 19.3% to $3.09, while Adjusted EPS increased by 17.3% to $3.26.

Organic recurring subscription Run Rate growth was 11.3%, with a Retention Rate of 95.5%.

Index and Analytics segments demonstrated strong sales results, and Climate Run Rate growth was significant across all product lines.

Total Revenue
$621M
Previous year: $552M
+12.6%
EPS
$3.26
Previous year: $2.78
+17.3%
Retention Rate
95.5%
Previous year: 95.5%
+0.0%
Gross Profit
$511M
Previous year: $451M
+13.3%
Cash and Equivalents
$792M
Previous year: $842M
-5.9%
Free Cash Flow
$265M
Previous year: $194M
+37.1%
Total Assets
$4.76B
Previous year: $4.51B
+5.7%

MSCI

MSCI

MSCI Revenue by Segment

Forward Guidance

MSCI's full-year 2023 guidance is based on macroeconomic factors and capital market assumptions, which are subject to uncertainty.

Revenue & Expenses

Visualization of income flow from segment revenue to net income