NYSE$MSCI

MSCI Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

MSCI delivered a strong quarter despite a challenging external environment, posting record levels of recurring subscription and net new sales.

MSCI reported strong Q2 2022 results with operating revenues up 10.8% to $551.8 million and a diluted EPS of $2.59, a 30.2% increase. The company saw particularly strong results in ESG & Climate, Analytics, and Futures & Options. The Index business achieved its 34th consecutive quarter of double-digit subscription run rate growth.

  • Operating revenues of $551.8 million, up 10.8%; Organic operating revenue growth of 8.4%
  • Recurring subscription revenues up 16.9%; Asset-based fees down 2.9%
  • Diluted EPS of $2.59, up 30.2%; Adjusted EPS of $2.78, up 13.5%
  • New recurring subscription sales growth of 21.3%; Organic recurring subscription Run Rate growth of 14.1%; Retention Rate of 95.5%

Headline financials

Total Revenue

$552M

Previous: $498M+10.8%
EPS (adj)

$2.78

Previous: $2.45+13.5%
Retention Rate

95.5%

Previous: 94.4%+1.2%
Capital Expenditures

-$4.74M

Previous: -$2.47M-91.5%
Free Cash Flow

$206M

Previous: $163M+26.3%
Net Income

$211M

Previous: $165M+27.3%
Operating Income

$300M

Previous: $258M+16.6%
Gross Profit

-$101M

Previous: $411M-124.5%
Cash & Equivalents

$842M

Previous: $1.97B-57.3%
Total Assets

$4.83B

Previous: $4.79B+0.9%
Stock-Based Comp

$11.6M

Previous: $11.9M-3.2%

Revenue & EPS history

MSCI · Revenue · Quarterly

$552M

Q2 2022+10.8%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

MSCI · $552M total across 4 segments · Q2 2022

  • Index
    $321M+4.9%
  • Analytics
    $142M+4.3%
  • Sustainability & Climate
    $55.1M+40.2%
  • Private Assets
    $34M+100.2%

Forward guidance

MSCI's full-year 2022 guidance is based on assumptions about macroeconomic and capital market factors, in particular related to equity markets. These assumptions are subject to uncertainty, and actual results for the year could differ materially from our current guidance.

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 Q2 2022

Historical avgQ2 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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