MSCI Inc.'s Stock Analysis

MSCI Updates Interest Expense Guidance for 2025

MSCI Inc. announced that its Chief Financial Officer, Andrew Wiechmann, will speak at the Barclays Global Financial Services Conference on September 8, 2025. The company has updated its outlook for full-year 2025 interest expense to approximately $205 to $209 million, an increase from the previous guidance of $182 to $186 million. This adjustment is primarily due to the issuance of $1.25 billion in senior notes in August 2025 and the repayment of borrowings from its revolving credit facility, resulting in a higher expected debt balance.

For the quarter ending September 30, 2025, MSCI anticipates interest expense to be around $54 to $55 million. The company has not made any changes to other components of its previously issued guidance for 2025. The interest expense is influenced by variable-rate debt under its credit facility and fixed-rate senior unsecured notes, with potential variations due to changes in interest rates and debt levels.

Sep 08, 2025 08:00:14

MSCI Increases Credit Facility to $1.60 Billion

MSCI Inc. has entered into a Third Amended and Restated Credit Agreement, which increases its revolving credit commitments from $1.25 billion to $1.60 billion and extends the availability period to August 20, 2030. The company has fully repaid all outstanding borrowings under the previous credit agreement prior to this new facility becoming effective. The new agreement maintains similar pricing and leverage ratios as the previous one, with some modifications regarding the consolidated interest coverage covenant and the elimination of a specific interest rate adjustment.

The obligations under the Credit Agreement are unsecured senior obligations of MSCI and are not guaranteed by any subsidiaries. The proceeds from the revolving loans will be used for general corporate purposes, including working capital and permitted acquisitions. The agreement includes customary covenants and events of default, limiting the ability of the company and its subsidiaries to incur additional debt or create liens on assets.

Aug 20, 2025 16:19:34

MSCI Completes $1.25 Billion Notes Offering Due 2035

On August 8, 2025, MSCI Inc. finalized a public offering of $1.25 billion in senior unsecured notes with a 5.250% interest rate, set to mature in 2035. This offering was conducted under an underwriting agreement with J.P. Morgan Securities LLC and BofA Securities, Inc., and was registered with the Securities and Exchange Commission.

The notes were issued following a prospectus dated March 8, 2024, and a supplement dated August 5, 2025. The issuance was governed by an indenture with Wilmington Trust, National Association, serving as the trustee. Legal counsel Davis Polk & Wardwell LLP provided an opinion on the legality of the notes, which is included in the filing.

Aug 08, 2025 16:26:37

MSCI Reports Second Quarter 2025 Financial Results and Metrics

MSCI Inc. reported its financial results for the second quarter of 2025, with operating revenues reaching $772.7 million, representing a 9.1% increase from the same period last year. The company experienced organic operating revenue growth of 8.3%, with recurring subscription revenues up 7.9% and asset-based fees rising 12.7%. The operating margin stood at 55.0%, while diluted earnings per share (EPS) increased by 16.3% to $3.92. The company also announced a cash dividend of $1.80 per share for the third quarter of 2025, payable on August 29, 2025, to shareholders of record by August 15, 2025.

In terms of operational metrics, MSCI's total Run Rate as of June 30, 2025, was $3.1 billion, an increase of 10.7%, with a retention rate of 94.4%. The company repurchased $131.2 million worth of shares during the quarter, reducing the total shares outstanding to 77.4 million. MSCI's cash and cash equivalents were reported at $347.3 million, while total debt amounted to $4.5 billion, with a total debt to adjusted EBITDA ratio of 2.5x. Overall, MSCI's performance reflects growth across various segments, including Index, Analytics, and Sustainability and Climate.

Jul 22, 2025 06:46:08

MSCI Reports Q1 2025 Financial Results and Dividend Declaration

MSCI Inc. announced its financial results for the first quarter of 2025, reporting operating revenues of $745.8 million, which represents a 9.7% increase compared to the same period in 2024. The company's diluted earnings per share (EPS) rose to $3.71, a 15.2% increase year-over-year. The firm also highlighted a strong retention rate of 95.3% and a total run rate of $2.98 billion, reflecting a 9.3% growth. Additionally, the company repurchased shares worth $275.4 million and paid approximately $139.7 million in dividends during the quarter. The Board of Directors declared a cash dividend of $1.80 per share for the second quarter of 2025, payable on May 30, 2025.

In terms of segment performance, the Index segment led revenue growth with a 12.8% increase, while the Analytics segment saw a 5.0% rise in operating revenues. The Sustainability and Climate segment reported an 8.6% increase in operating revenues. MSCI's total operating expenses were $368.8 million, up 8.3%, mainly due to higher compensation costs. As of March 31, 2025, the company had cash and cash equivalents of $360.7 million and total debt outstanding of $4.6 billion.

Apr 22, 2025 06:45:56

MSCI Reports $743.5 Million in Q4 Operating Revenues

MSCI Inc. reported operating revenues of $743.5 million for the fourth quarter of 2024, reflecting a 7.7% increase compared to the same period in 2023. The growth was driven by a notable rise in asset-based fees, which surged by 20.8%, and a 7.5% increase in recurring subscription revenues. The company also maintained a high operating margin of 54.5% and an adjusted EBITDA margin of 60.8%. Additionally, MSCI declared a cash dividend of $1.80 per share for the first quarter of 2025, marking a 12.5% increase from the previous dividend payout. A total of $865.5 million in shares were repurchased over the year, indicating a strong capital allocation strategy.

Conversely, net income for the fourth quarter fell to $305.5 million, down 24.3% year-over-year, and diluted earnings per share (EPS) decreased by 23.1% to $3.90. The decline in net income was attributed to a significant drop in non-recurring revenues, particularly in the Index segment, which saw a 48.9% decrease. Additionally, new recurring subscription sales experienced a slight decline of 0.9%, and the retention rate dropped to 93.1% from 93.6% in the previous year, signaling potential challenges in maintaining existing client relationships.

Jan 29, 2025 06:46:47

June Yang Joins MSCI Board After Google Cloud Leadership Role

MSCI Inc. has appointed June Yang, a former Vice President at Google Cloud, to its Board of Directors. Her extensive experience in cloud computing and artificial intelligence is expected to enhance MSCI's innovation and client services. The company’s CEO expressed confidence in Yang's ability to contribute to MSCI's strategic vision and leverage emerging technologies for client value.

On the negative side, the press release does not provide any specific financial metrics or performance indicators that could highlight MSCI's current standing in the market. Additionally, while Yang's appointment is a positive development, the lack of detailed information about the company’s recent performance or challenges faced may leave stakeholders wanting more context regarding MSCI's operational health.

Dec 17, 2024 06:46:54

MSCI Reports Strong Q3 2024 Financial Performance

MSCI Inc. reported impressive financial results for the third quarter of 2024, with operating revenues reaching $724.7 million, a 15.9% increase from the previous year. The company saw significant growth in recurring subscription revenues and asset-based fees, reflecting strong demand for its services. Notably, the operating margin remained robust at 55.4%, and diluted earnings per share rose by 9.2%. MSCI's commitment to returning value to shareholders was evident, with substantial share repurchases and a declared dividend of $1.60 per share for the upcoming quarter.

Despite the positive results, MSCI faced some challenges, including a slight decline in its retention rate, which fell to 94.2% from 95.4% year-over-year. Operating expenses increased by 18.8%, driven by higher compensation costs and expenses related to recent acquisitions. Additionally, the company reported a rise in other expenses, primarily due to lower interest income and foreign currency fluctuations. Overall, while MSCI showcased strong revenue growth and profitability, it also navigated some headwinds that could impact future performance.

Oct 29, 2024 06:55:53

Michelle Seitz Joins MSCI Inc. Board of Directors

MSCI Inc. has appointed Michelle Seitz, former CEO of Russell Investments, to its Board of Directors. Her extensive experience in asset management and leadership is expected to enhance MSCI's mission of improving financial market transparency. Seitz's appointment follows a thorough search and reflects MSCI's commitment to strong governance and client support.

Aug 01, 2024 06:48:34

MSCI Reports Strong Q2 2024 Financial Performance

MSCI Inc. reported a robust second quarter for 2024, with operating revenues increasing by 14% to $707.9 million. Recurring subscription revenues rose 14.4%, and net income grew 8.1%. The company achieved a high retention rate of 94.8% and maintained strong margins. However, operating expenses also increased by 18.2%, driven by higher compensation and acquisitions. Overall, MSCI's results reflect solid growth and strategic expansion, despite rising costs.

Jul 23, 2024 06:47:38