NYSE$MSCI

MSCI Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

MSCI delivered strong Q3 2022 results amidst market turmoil, driven by recurring net new sales and subscription growth.

MSCI reported strong financial results for Q3 2022, with operating revenues up 8.4% to $560.6 million and diluted EPS up 32.0% to $2.68. The company saw growth in recurring subscription revenues and a high retention rate, demonstrating the resilience of its all-weather franchise.

  • Operating revenues increased by 8.4% to $560.6 million.
  • Diluted EPS increased by 32.0% to $2.68.
  • Recurring subscription revenues were up 17.5%.
  • Retention Rate was 96.4%.

Headline financials

Total Revenue

$561M

Previous: $517M+8.4%
EPS (adj)

$2.85

Previous: $2.53+12.6%
Retention Rate

96.4%

Previous: 94.5%+2.0%
Organic Revenue Growth

7.2%

No prior period
Capital Expenditures

-$8.01M

Previous: -$7.12M-12.5%
Free Cash Flow

$209M

Previous: $163M+28.2%
Net Income

$217M

Previous: $170M+27.5%
Operating Income

$310M

Previous: $280M+10.5%
Gross Profit

-$98.4M

Previous: $427M-123.0%
Cash & Equivalents

$867M

Previous: $1.28B-32.5%
Total Assets

$4.78B

Previous: $5.14B-7.1%
Stock-Based Comp

$12M

Previous: $12.4M-2.8%

Revenue & EPS history

MSCI · Revenue · Quarterly

$561M

Q3 2022+8.4%vs Q3 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

MSCI · $561M total across 4 segments · Q3 2022

  • Index
    $322M
  • Analytics
    $145M
  • Sustainability & Climate
    $57.6M
  • Private Assets
    $35.9M

Forward guidance

MSCI's full-year 2022 guidance is based on assumptions about macroeconomic and capital market factors, particularly related to equity markets, and is subject to uncertainty.

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 Q3 2022

Historical avgQ3 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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