MSCI Q2 Revenue Jumps 12% to $867M, EPS Beats as Asset-Based Fees Surge 27%
MSCI sits 28% above its 52-week low of $501.08.
Summary
MSCI delivered a strong Q2 with operating revenues of $867M, up 12.2% year-over-year, driven by a 26.6% surge in asset-based fees and 9% growth in recurring subscriptions. Diluted EPS of $4.69 beat expectations, rising 19.6%, while adjusted EPS hit $4.94. Operating margin expanded to 56.2% and adjusted EBITDA margin reached 62.1%. The company highlighted record asset-based-fee run rate and accelerated growth in Index and Private Capital Solutions, along with its best quarter ever with hedge funds. CEO Henry Fernandez pointed to AI-fueled innovation, with product launches already doubling the full-year 2024 count. The board declared a $2.05 per share dividend for Q3, and $147.2M in shares were repurchased during the quarter.
At the time of this announcement, MSCI was trading at $640.00 on NYSE in the Finance sector, with a market capitalization of approximately $45.5B. The 52-week trading range was $501.08 to $644.77. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.