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Jun 30, 2024
MSCI Q2 2024 Earnings Report
MSCI's financial performance demonstrated strong growth, driven by recurring subscriptions and asset-based fees.
Key Takeaways
MSCI reported strong Q2 2024 results with a 14.0% increase in operating revenues to $707.9 million. Recurring subscription revenues rose by 14.4%, and asset-based fees increased by 18.2%. Diluted EPS was $3.37, up 9.1%, and adjusted EPS was $3.64, up 11.7%. The company's retention rate remained high at 94.8%.
Operating revenues increased by 14.0% to $707.9 million, with organic operating revenue growth of 9.7%.
Recurring subscription revenues grew by 14.4%, and asset-based fees increased by 18.2%.
Diluted EPS rose by 9.1% to $3.37, and adjusted EPS increased by 11.7% to $3.64.
The retention rate was 94.8%.
Revenue by Segment
Forward Guidance
MSCI's full-year 2024 guidance is based on assumptions about macroeconomic factors and capital markets, which are subject to uncertainty.
Positive Outlook
- Operating Expense: $1,305 to $1,345 million
- Adjusted EBITDA Expense: $1,130 to $1,160 million
- Interest Expense (including amortization of financing fees): $185 to $189 million
- Depreciation & Amortization Expense: $175 to $185 million
- Effective Tax Rate: 18% to 21%
Challenges Ahead
- Capital Expenditures: $95 to $105 million
- Net Cash Provided by Operating Activities: $1,330 to $1,380 million
- Free Cash Flow: $1,225 to $1,285 million
- Macroeconomic factors
- Capital market performance
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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