MSCI said it reported operating revenues of $745.8 million for the 3-month period in Q1 2025, up 9.7%; operating income of $377.0 million, up 11.1%; net income of $288.6 million, up 12.8%; and diluted EPS of $3.71.

1. 01

   MSCI said it reported operating revenues of $745.8 million for the 3-month period in Q1 2025, up 9.7%; operating income of $377.0 million, up 11.1%; net income of $288.6 million, up 12.8%; and diluted EPS of $3.71.

2. 02

   The company said the $65.9 million increase in operating revenues for Q1 was made up of a $39.6 million increase in recurring subscription revenues and a $27.2 million increase in asset-based fees. It also said total Run Rate was $2,979.2 million as of March 31, and Retention Rate was 95.3%.

3. 03

   MSCI said it reported net cash provided by operating activities of $301.7 million, capex of $32.9 million and free cash flow of $268.9 million for Q1, down 2.5% from a year earlier. It repurchased $275.4 million (493,322 shares) from Q1 to April 21. The company said dividends paid for Q1 were about $139.7 million.

4. 04

   The company said it provided full-year guidance for the year ending December 31, 2025, with operating expense of $1,405 to $1,445 million, net cash provided by operating activities of $1,525 to $1,575 million, and free cash flow of $1,400 to $1,460 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

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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