NYSE$MSCI
MSCI Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
MSCI delivered strong Q3 2023 results with revenue growth and adjusted EPS growth, driven by recurring subscriptions and asset-based fees.
MSCI reported an 11.6% increase in operating revenues, reaching $625.4 million, and a 21.1% increase in Adjusted EPS, reaching $3.45. The company's growth was fueled by strong performance in recurring subscriptions and asset-based fees. MSCI's Index segment and Climate segment showed double-digit subscription Run Rate growth.
- Operating revenues increased by 11.6% to $625.4 million, with organic operating revenue growth of 10.9%.
- Adjusted EPS grew by 21.1% to $3.45, while diluted EPS increased by 22.0% to $3.27.
- Recurring subscription revenues were up 10.7%, and asset-based fees increased by 12.3%.
- Retention Rate was strong at 95.4%.
Headline financials
Revenue & EPS history
MSCI · Revenue · Quarterly
$625M
Revenue by segment
MSCI · $109M total across 2 segments · Q3 2023
- Sustainability & Climate$73M+26.8%67.0%
- Private Assets$36M+0.3%33.0%
Forward guidance
MSCI's full-year 2023 guidance is based on assumptions about macroeconomic factors and capital markets, which are 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 2023
+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
| Quarter | Report date | Reaction (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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