MSCI said total operating revenues for the year ended December 31, 2024 increased 12.9%, and adjusting for the impact of acquisitions and foreign currency exchange rate fluctuations, would have increased 9.6%. Recurring subscription revenues increased 13.0% and asset-based fees increased 17.9%.

1. 01

   MSCI said total operating revenues for the year ended December 31, 2024 increased 12.9%, and adjusting for the impact of acquisitions and foreign currency exchange rate fluctuations, would have increased 9.6%. Recurring subscription revenues increased 13.0% and asset-based fees increased 17.9%.

2. 02

   The company said total operating expenses for the year increased 16.0% and net income decreased 3.4%. It cited a non-taxable one-time gain of $143.0 million on the remeasurement of its equity method investment in Burgiss in 2023 as a factor in the change in other expense (income).

3. 03

   MSCI said annual operating revenues increased 9.9% in Index, 9.6% in Analytics, 13.6% in ESG and Climate, and 48.8% in All Other – Private Assets. The company explained that the increase in Private Assets was primarily driven by revenues attributable to the step acquisition of Burgiss, and adjusting for that acquisition would have resulted in an increase of 3.4%.

4. 04

   As of December 31, 2024, the company said it had Senior Notes of $4,200.0 million and borrowings under its Revolving Credit Facility of $336.9 million, with a Consolidated Leverage Ratio of 2.34:1.00. As of February 6, 2025, the remaining authorization for share repurchases was $1.4 billion, and for Q1 2025 the company declared a dividend of $1.80 per share.

Key figures

Fiscal year ended December 31, 2024

Revenue

$2.9B

Operating income

$1.5B

Net income

$1.1B

EPS

$14.05

Operating cash flow

$1.5B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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