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Dec 31, 2023

MSCI Q4 2023 Earnings Report

MSCI's Q4 2023 financial performance was driven by strong growth in operating revenue and adjusted EPS.

Key Takeaways

MSCI reported strong Q4 2023 results, with operating revenues up 19.8% to $690.1 million and adjusted EPS up 29.6% to $3.68. The company's performance was driven by growth in recurring subscription revenues and asset-based fees, as well as strong growth in the Index and Analytics segments.

Operating revenues increased by 19.8% to $690.1 million.

Adjusted EPS grew by 29.6% to $3.68.

Recurring subscription revenues were up 16.8%.

Retention Rate was 93.6%.

Total Revenue
$690M
Previous year: $576M
+19.8%
EPS
$3.68
Previous year: $2.84
+29.6%
Retention Rate
93.6%
Previous year: 93%
+0.6%
Gross Profit
$568M
Previous year: $474M
+19.8%
Cash and Equivalents
$462M
Previous year: $994M
-53.5%
Free Cash Flow
$367M
Previous year: $310M
+18.5%
Total Assets
$4.5B
Previous year: $5.17B
-13.0%

MSCI

MSCI

MSCI Revenue by Segment

Forward Guidance

MSCI's guidance for the year ending December 31, 2024 is based on assumptions about macroeconomic factors and the capital markets, which are subject to uncertainty. Actual results could differ materially from our current guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income