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Dec 31, 2024

MSCI Q4 2024 Earnings Report

Reported financial results for the fourth quarter and full year 2024.

Key Takeaways

MSCI reported Q4 2024 operating revenues of $743.5 million, a 7.7% increase year-over-year. Diluted EPS was $3.90, down 23.1%, while adjusted EPS was $4.18, up 13.6%. The company's recurring subscription revenues increased by 7.5%, and asset-based fees rose by 20.8%.

Operating revenues increased by 7.7% to $743.5 million.

Recurring subscription revenues were up 7.5%, while asset-based fees increased by 20.8%.

Diluted EPS decreased by 23.1% to $3.90, but adjusted EPS increased by 13.6% to $4.18.

Total Run Rate at December 31, 2024, was $2,921.7 million, up 8.8%.

Total Revenue
$744M
Previous year: $690M
+7.7%
EPS
$4.18
Previous year: $3.68
+13.6%
Retention Rate
93.1%
Previous year: 93.6%
-0.5%
Gross Profit
$612M
Previous year: $568M
+7.8%
Cash and Equivalents
$409M
Previous year: $462M
-11.3%
Free Cash Flow
$395M
Previous year: $367M
+7.5%
Total Assets
$5.45B
Previous year: $4.5B
+21.1%

MSCI

MSCI

MSCI Revenue by Segment

Forward Guidance

MSCI's guidance for the year ending December 31, 2025, is based on assumptions about macroeconomic factors and the capital markets.

Revenue & Expenses

Visualization of income flow from segment revenue to net income