NYSE$MSCI

MSCI Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

MSCI delivered mixed results with revenue up but asset-based fees down.

MSCI Inc. reported Q4 2022 financial results, with operating revenues up 4.8% to $576.2 million. Diluted EPS increased by 15.1% to $2.67, and Adjusted EPS rose by 13.1% to $2.84. Recurring subscription revenues increased, but asset-based fees decreased.

  • Operating revenues increased by 4.8% to $576.2 million.
  • Recurring subscription revenues were up 13.1% while asset-based fees decreased by 16.2%.
  • Diluted EPS increased 15.1% to $2.67, and Adjusted EPS increased 13.1% to $2.84.
  • Retention Rate was 93.0%.

Headline financials

Total Revenue

$576M

Previous: $550M+4.8%
EPS (adj)

$2.84

Previous: $2.51+13.1%
Retention Rate

93.0%

Previous: 94.4%-1.5%
Capital Expenditures

$5.61M

Previous: $6.39M-12.3%
Free Cash Flow

$310M

Previous: $263M+17.8%
Net Income

$215M

Previous: $194M+10.9%
Operating Income

$309M

Previous: $281M+10.0%
Gross Profit

$474M

Previous: $454M+4.4%
Cash & Equivalents

$994M

Previous: $1.42B-30.1%
Total Assets

$5.17B

Previous: $665M+677.9%
Stock-Based Comp

$11.7M

Previous: $11.7M-0.3%

Revenue & EPS history

MSCI · Revenue · Quarterly

$576M

Q4 2022+4.8%vs Q4 2021
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

MSCI · $576M total across 4 segments · Q4 2022

  • Index
    $329M-0.8%
  • Analytics
    $150M+8.4%
  • Sustainability & Climate
    $63.6M+31.2%
  • Private Assets
    $33.7M+6.9%

Forward guidance

MSCI's full-year 2023 guidance is subject to macroeconomic and capital market factors, including interest rates, inflation, and geopolitical events.

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 Q4 2022

Historical avgQ4 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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