NYSE$MSCI

MSCI Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

MSCI's financial results for Q1 2022 were announced, showing revenue growth and strong performance across segments.

MSCI reported a strong first quarter with a 17.0% increase in operating revenues, driven by growth in recurring subscriptions and asset-based fees. The company saw significant growth in its ESG and Climate segment, as well as strong performance in its Index business. Despite economic turmoil, MSCI posted its best first quarter ever for new recurring subscription sales.

  • Operating revenues increased by 17.0% to $559.9 million, with organic operating revenue growth of 13.7%.
  • Recurring subscription revenues were up 18.4%, and asset-based fees increased by 14.5%.
  • Diluted EPS rose by 17.8% to $2.78, and adjusted EPS increased by 21.1% to $2.98.
  • The company's retention rate was 95.9%, demonstrating strong client loyalty.

Headline financials

Total Revenue

$560M

Previous: $478M+17.0%
EPS (adj)

$2.98

Previous: $2.46+21.1%
Retention Rate

95.9%

Previous: 96.3%-0.4%
Capital Expenditures

-$1.25M

Previous: -$664K-88.9%
Free Cash Flow

$227M

Previous: $196M+15.8%
Net Income

$228M

Previous: $197M+16.1%
Operating Income

$289M

Previous: $254M+13.6%
Gross Profit

-$103M

Previous: $393M-126.2%
Cash & Equivalents

$679M

Previous: $1.75B-61.1%
Total Assets

$4.69B

Previous: $4.57B+2.8%
Stock-Based Comp

$22.9M

Previous: $18.9M+20.9%

Revenue & EPS history

MSCI · Revenue · Quarterly

$560M

Q1 2022+17%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

MSCI · $560M total across 4 segments · Q1 2022

  • Index
    $331M+13.1%
  • Analytics
    $140M+4.3%
  • Sustainability & Climate
    $52M+49.7%
  • Private Assets
    $37.4M+117.7%

Forward guidance

MSCI provided full-year 2022 guidance based on macroeconomic and capital market assumptions, with no changes from the previously published guidance on January 27, 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.0%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+4.0%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+10.8%

Q2 2023

Best reaction

-15.9%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.2%+4.5%+1.1%
Q4 2025+4.8%+7.4%-1.7%
Q3 2025+8.7%+7.6%+2.9%
Q2 2025-0.3%+0.1%+2.8%
Q1 2025+0.9%+0.4%+5.7%
Q4 2024-5.6%-7.3%-6.0%
Q3 2024-4.4%-2.9%+1.6%
Q2 2024+5.6%+6.8%+11.6%
Q1 2024-9.8%-7.3%-4.8%
Q4 2023+8.7%+7.6%+1.8%
Q3 2023-2.1%+3.3%+8.1%
Q2 2023+10.8%+9.5%+5.9%
Q1 2023-15.9%-11.4%-14.3%
Q4 2022+9.5%+12.0%+2.1%
Q3 2022+9.6%+15.1%+23.4%
Q2 2022+3.3%+9.8%+8.5%
Q1 2022-9.6%-8.9%-6.4%
Q4 2021+3.3%+10.8%+4.3%
Q3 2021-2.3%+2.0%-1.4%
Q2 2021+2.8%+3.5%+8.3%
Q1 2021-0.6%-0.3%-4.6%
Q4 2020+0.5%+8.1%+5.4%
Q3 2020-2.5%+0.1%+15.6%
Q2 2020-2.8%-4.6%-6.1%
Q1 2020+0.9%-3.5%-2.7%
Q4 2019+1.2%+6.7%+4.7%
Q3 2019+7.3%+4.1%+13.1%
Q2 2019-3.1%-5.7%+3.3%
Q1 2019+1.9%-0.4%-1.2%
Q4 2018+6.2%+7.2%+16.9%
Q3 2018-4.2%-1.7%+4.5%
Q2 2018+2.3%+6.0%+10.6%
Q1 2018+1.1%+3.2%+8.6%
Q4 2017+2.4%-0.2%+2.9%
Q3 2017+7.2%+7.1%+9.7%
Q2 2017+2.3%+1.6%+6.3%
Q1 2017-1.8%-3.7%+3.0%
Q4 2016+9.4%+10.6%+14.0%
Q3 2016-4.8%-4.5%-2.6%
Q2 2016+3.0%+1.5%+6.5%
Q1 2016-0.6%
Q4 2015-1.6%
Q3 2015+6.3%
Q2 2015+1.9%
Q1 2015-0.4%
Q4 2014+1.6%
Q3 2014-0.5%
Q2 2014-4.7%
Q1 2014-1.7%
Q4 2013-3.0%
Q3 2013-0.6%
Q2 2013+6.8%
Q1 2013-1.3%
Q4 2012-2.0%
Q3 2012-4.2%
Q2 2012-0.0%
Q1 2012+1.3%
Q2 2011+0.9%
Q4 2011+0.9%
Q3 2011+1.3%
Q1 2011+2.8%
Q1 2010+2.8%
Q2 2010+1.9%
Q4 2008+1.9%
Q4 2010+1.9%
Q3 2010+2.0%
Q3 2009+2.0%
Q4 2009+2.0%

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