Filing Flows › MSCI (MSCI) › Q1 2025
MSCI (MSCI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 22, 2025
MSCI (MSCI) reported revenue of $746M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +0.3% from the quarter before. Operating margin was 50.5%, net earnings $289M (38.7% of revenue).
MSCI, Q1 2025: revenue $746M (+10% year over year), operating margin 50.5%, net earnings $289M, operating cash flow $302M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $746M | +0.3% | +10% |
| Operating profit | $377M | -7% | +11% |
| Net earnings | $289M | -6% | +13% |
| Operating cash flow | $302M | -30% | +0.5% |
| Free cash flow | $290M | -30% | -2% |
What changed
Revenue was $745.8M in Q1 2025, up 10% year over year and roughly flat from the previous quarter.
Operating profit was $377.0M, a 50.5% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 57% reached operating profit, above the 50% margin then. Total costs grew 8% against revenue growth of 10%. The fastest-growing cost line was Research & development (+17%). Net earnings were $288.6M, up 13% year over year. The effective tax rate was 12.8%.
Operating cash flow was $301.7M (up 1% year over year), 105% of net earnings. Non-cash charges added back $48.6M of depreciation and amortization and $40.0M of share-based compensation. Working capital and other items used $75.5M. Capital expenditures of $11.6M left free cash flow of $290.1M.
Questions
What was MSCI's revenue in the first quarter 2025?
MSCI (MSCI) reported revenue of $746M for the first quarter 2025 (Q1 2025), +10% from a year earlier and +0.3% from the quarter before.
Was MSCI profitable in the first quarter 2025?
Operating profit was $377M (50.5% of revenue) and net earnings $289M.
Source: MSCI 10-Q on SEC EDGAR.