NYSE$MSCI

MSCI Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

MSCI's financial performance showed growth, driven by recurring subscription and asset-based fees.

MSCI reported a 15.9% increase in operating revenues, reaching $724.7 million, with organic operating revenue growth of 11.1%. Recurring subscription revenues increased by 15.4%, and asset-based fees rose by 19.5%. Diluted EPS was $3.57, up 9.2%, and adjusted EPS was $3.86, up 11.9%.

  • Operating revenues increased by 15.9% to $724.7 million, with organic operating revenue growth of 11.1%.
  • Recurring subscription revenues grew by 15.4%, while asset-based fees increased by 19.5%.
  • Diluted EPS rose by 9.2% to $3.57, and adjusted EPS increased by 11.9% to $3.86.
  • Total Run Rate at September 30, 2024 was $2,894.2 million, up 17.3%.

Headline financials

Total Revenue

$725M

Previous: $625M+15.9%
EPS

$3.57

Previous: $3.45+3.5%
Retention Rate

94.2%

Previous: 95.4%-1.3%
Capital Expenditures

-$19.5M

Previous: -$18.9M-3.0%
Free Cash Flow

$261M

Previous: $241M+8.6%
Net Income

$281M

Previous: $260M+8.2%
Operating Income

$401M

Previous: $353M+13.6%
Gross Profit

-$125M

Previous: -$104M-20.4%
Cash & Equivalents

$501M

Previous: $929M-46.0%
Total Assets

$5.41B

Previous: $4.87B+11.2%
R&D Expense

$38.6M

No prior period
Stock-Based Comp

$18.5M

Previous: $18.1M+2.0%

Revenue & EPS history

MSCI · Revenue · Quarterly

$725M

Q3 2024+15.9%vs Q3 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

MSCI · $109M total across 2 segments · Q3 2023

  • Sustainability & Climate
    $73M+26.8%
  • Private Assets
    $36M+0.3%

Forward guidance

MSCI's guidance for the year ending December 31, 2024 is based on assumptions about macroeconomic factors and the capital markets.

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 2024

Historical avgQ3 2024

+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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