Earnings ·
Reports Q3 revenue of $892M and declares $2.05 per share dividend for Q4
MSCIMSCI Inc.
MSCI Inc. reported third-quarter operating revenues of $892.0 million, a 12.4% increase year-over-year, driven by a 24.9% rise in asset-based fees to $246.6 million and a 7.7% increase in recurring subscription revenues. Diluted earnings per share rose 14.4% to $4.86, while adjusted EBITDA grew 12.2% to $554.8 million with a margin of 62.2%. The company repurchased approximately $627.2 million in shares during the quarter and through mid-October. Additionally, the Board declared a quarterly cash dividend of $2.05 per share for the fourth quarter, payable on November 27 to shareholders of record as of November 13. MSCI Inc. is a leading provider of critical decision support tools, analytics, and indexes for the global investment community.