MSCI Inc. — fact timeline

MSCI Inc. reported first quarter ended March 31, 2026 results: revenue Operating revenues of $850.8 million, net income Net income of $406.0 million, EPS Diluted EPS of $5.53.

“changes are relative to the three months ended March 31, 2025 (“first quarter 2025”) and Run Rate percentage changes are relative to March 31, 2025). • Operating revenues of $850.8 million, up 14.1%; Organic operating revenue growth of 13.3% • Recurring subscription revenues up 8.6%; Asset-based fees up 26.6% • Operating margin of 53.7%; Adjusted EBITDA margin of”

MSCI Inc. amended Amendment with BlackRock Fund Advisors (together with certain of its affiliates, the Licensee) (effective 2026-01-27).

“On January 27, 2026, MSCI Inc. and its subsidiary MSCI Limited (together, “MSCI”) and BlackRock Fund Advisors (together with certain of its affiliates, the “Licensee”) entered into an amendment (the “Amendment”) to the Master Index License Agreement for Exchange Traded Funds, dated October 1, 2022, and Schedule No. 1 thereto (together, the “Existing ETF Agreements”).”

MSCI Inc. amended revolving credit of $1.60 billion with JPMorgan Chase Bank, N.A., Bank of America, N.A. at eliminates the 0.10% Term SOFR adjustment maturing August 20, 2030.

“The Credit Agreement increases the aggregate revolving commitments to $1.60 billion (from $1.25 billion) and extends the availability period to August 20, 2030.”

Wayne Edmunds retired as Director at MSCI Inc..

“Mr. Wayne Edmunds informed MSCI Inc. (“MSCI” or the “Company”) of his decision to retire from the Board of Directors (the “Board”) of the Company and not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders.”

Michelle Seitz was appointed as independent director at MSCI Inc..

“On July 31, 2024, the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) appointed Michelle Seitz to serve as an independent director on the Board, effective August 5, 2024.”

Chirantan Desai resigned as Director at MSCI Inc..

“On July 25, 2024, Chirantan “CJ” Desai notified the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) of his resignation from service as a director of the Company, effective the same date.”

Andrew C. Wiechmann changed role as Chief Financial Officer at MSCI Inc..

“In connection with Mr. Read’s appointment, Andrew C. Wiechmann, the Company’s Chief Financial Officer, will no longer be designated as the Company’s principal accounting officer.”

C. Jack Read was appointed as Global Controller and Chief Accounting Officer at MSCI Inc..

“On June 17, 2024, the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) appointed C. Jack Read, to serve as the Company’s Global Controller and Chief Accounting Officer, and designated Mr. Read as the Company’s principal accounting officer, in each case effective August 8, 2024.”

MSCI Inc. shareholders rejected Shareholder proposal to report on “Chinese Military-Industry Companies” in Company indices at the 2024-04-23 meeting.

“Proposal 4 – Shareholder proposal to report on “Chinese Military-Industry Companies” in Company indices. For Against Abstain Broker Non-Vote 300,200 66,608,218 961,268 3,813,520”

MSCI Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditor for fiscal year 2024 at the 2024-04-23 meeting.

“Proposal 3 – Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditor for fiscal year 2024. For Against Abstain 71,059,058 462,637 161,511”

MSCI Inc. shareholders approved Approval, by non-binding vote, of the Company’s executive compensation at the 2024-04-23 meeting.

“Proposal 2 – Approval, by non-binding vote, of the Company’s executive compensation. For Against Abstain Broker Non-Vote 65,745,530 1,828,172 295,984 3,813,520”

MSCI Inc. shareholders approved Election of members of the Company’s Board of Directors at the 2024-04-23 meeting.

“Proposal 1 - Election of members of the Company’s Board of Directors Director For Against Abstain Broker Non-Vote Henry A. Fernandez 64,059,045 3,305,379 505,262 3,813,520 Robert G. Ashe 64,505,432 3,201,251 163,003 3,813,520 Chirantan “CJ” Desai 67,631,031 76,547 162,108 3,813,520 Wayne Edmunds 67,628,181 78,767 162,738 3,813,520 Robin Matlock 65,677,457 2,030,446 161,783 3,813,520 Jacques P. Perold 67,144,157 562,720 162,809 3,813,520 C.D. Baer Pettit 67,117,183 590,446 162,057 3,813,520 Sandy C. Rattray 64,862,778 2,845,050 161,858 3,813,520 Linda H. Riefler 62,630,785 5,029,294 209,607 3,813,520 Marcus L. Smith 67,229,849 477,044 162,793 3,813,520 Rajat Taneja 67,564,050 141,138 164,498 3,813,520 Paula Volent 67,665,251 42,733 161,702 3,813,520”

MSCI Inc. reported First quarter ended March 31, 2024 results: revenue Operating revenues of $680.0 million, net income Net income of $256.0 million, EPS Diluted EPS of $3.22.

“Operating revenues of $680.0 million, up 14.8%; Organic operating revenue growth of 10.3%”

Chirantan "CJ" Desai was appointed as independent director at MSCI Inc..

“On March 8, 2024, the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) appointed Chirantan “CJ” Desai to serve as an independent director on the Board, effective March 11, 2024 (the “Effective Date”).”

MSCI Inc. reported the full year ended December 31, 2023 results: revenue $ 2,528,920, net income $ 1,148,592, EPS $ 14.39.

“Operating revenues $ 690,106 $ 576,208 19.8 % $ 2,528,920 $ 2,248,598 12.5 % Operating income $ 370,745 $ 308,750 20.1 % $ 1,384,609 $ 1,207,640 14.7 % Operating margin % 53.7 % 53.6 % 54.8 % 53.7 % Net income $ 403,380 $ 214,971 87.6 % $ 1,148,592 $ 870,573 31.9 % Diluted EPS $ 5.07 $ 2.67 89.9 % $ 14.39 $ 10.72 34.2 %”

MSCI Inc. reported the three months ended December 31, 2023 results: revenue $690.1 million, net income $403.4 million, EPS $5.07.

“are relative to the three months ended December 31, 2022 (“fourth quarter 2022”) and Run Rate percentage changes are relative to December 31, 2022). Operating revenues of $690.1 million, up 19.8%; Organic operating revenue growth of 14.7% Recurring subscription revenues up 16.8%; Asset-based fees up 15.9% Operating margin of 53.7%; Adjusted EBITDA margin of”

MSCI Inc. incurred revolving credit of $1,250.0 million with JPMorgan Chase Bank, N.A. at SOFR plus 1.50% maturing January 26, 2029.

“The Credit Agreement makes available to the Company an aggregate of $1,250.0 million of revolving loan commitments, which may be drawn until January 26, 2029.”

MSCI Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A., in its capacity as administrative agent valued at $1,250.0 million (effective 2024-01-26).

“On January 26, 2024, MSCI Inc. (the “Company”), the lenders party thereto and JPMorgan Chase Bank, N.A., in its capacity as administrative agent, entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”), amending and restating in its entirety the Amended and Restated Credit Agreement (the “Existing Credit Agreement”), dated as of June 9, 2022, among the Company, JPMorgan Chase Bank, N.A., as Administrative Agent and L/C Issuer, and the other parties thereto.”

MSCI Inc.: Amended Bylaws to clarify procedural and disclosure requirements for shareholder director nominations under universal proxy rules, plus other technical revisions (effective 2023-11-02).

“On November 2, 2023, the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) approved and adopted amendments (the “Amendments”) to the Company’s Amended and Restated Bylaws (the “Bylaws”), effective as of November 2, 2023, to clarify and implement certain procedural and disclosure requirements for Company shareholders proposing director nominations for consideration at the Company’s annual or special meetings of shareholders in connection with the “universal proxy” rules adopted by the Securities and Exchange Commission pursuant to Rule 14a-19 of the Securities Exchange Act of 1934, as amended.”

MSCI Inc. reported nine months 2023 results: revenue $1,838,814, net income $745,212, EPS $9.32.

“Three Months Ended Nine Months Ended Sep. 30, Sep. 30, Sep. 30, Sep. 30, In thousands, except per share data (unaudited) 2023 2022 % Change 2023 2022 % Change Operating revenues $ 625,439 $ 560,639 11.6 % $ 1,838,814 $ 1,672,390 10.0 % Operating income $ 353,309 $ 309,531 14.1 % $ 1,013,864 $ 898,890 12.8 % Operating margin % 56.5 % 55.2 % 55.1 % 53.7 % Net income $ 259,659 $ 216,592 19.9 % $ 745,212 $ 655,602 13.7 % Diluted EPS $ 3.27 $ 2.68 22.0 % $ 9.32 $ 8.05 15.8 %”

MSCI Inc. reported third quarter 2023 results: revenue $625.4 million, net income $259.7 million, EPS $3.27.

“Operating revenues of $625.4 million, up 11.6%; Organic operating revenue growth of 10.9% Recurring subscription revenues up 10.7%; Asset-based fees up 12.3% Operating margin of 56.5%; Adjusted EBITDA margin of 61.8% Diluted EPS of $3.27, up 22.0%; Adjusted EPS of $3.45, up 21.1%”

Andrew C. Wiechmann was appointed as interim principal accounting officer at MSCI Inc..

“In connection with Ms. Mak’s resignation, Andrew C. Wiechmann, the Company’s Chief Financial Officer, will assume the responsibilities of principal accounting officer on an interim basis, effective August 24, 2023.”

Jennifer H. Mak resigned as Global Controller, Head of Finance Operations and principal accounting officer at MSCI Inc..

“On August 18, 2023, Jennifer H. Mak informed MSCI Inc. (“MSCI” or the “Company”) of her intention to resign as Global Controller, Head of Finance Operations and principal accounting officer of the Company, to pursue another opportunity.”

MSCI Inc. reported three months ended June 30, 2023 results: revenue $621.2 million, net income $246.8 million, EPS $3.09.

“other changes are relative to the three months ended June 30, 2022 (“second quarter 2022”) and Run Rate percentage changes are relative to June 30, 2022). Operating revenues of $621.2 million, up 12.6%; Organic operating revenue growth of 12.8% Recurring subscription revenues up 12.0%; Asset-based fees up 4.5% Operating margin of 55.7%; Adjusted EBITDA margin of 60.7%”

MSCI Inc. shareholders approved Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditor for fiscal year 2023 at the 2023-04-25 meeting.

“Proposal 4 – Ratification of the appointment of PricewaterhouseCoopers LLP as the Company’s independent auditor for fiscal year 2023. For Against Abstain 73,234,762 369,119 208,947”

MSCI Inc. shareholders approved Recommendation, by non-binding vote, on the frequency of advisory votes to approve the Company’s executive compensation at the 2023-04-25 meeting.

“Proposal 3 – Recommendation, by non-binding vote, on the frequency of advisory votes to approve the Company’s executive compensation. 1 Year 2 Years 3 Years Abstain Broker Non-Vote 69,827,553 6,595 454,678 118,983 3,405,019”

MSCI Inc. shareholders approved Approval, by non-binding vote, of the Company’s executive compensation at the 2023-04-25 meeting.

“Proposal 2 – Approval, by non-binding vote, of the Company’s executive compensation. For Against Abstain Broker Non-Vote 68,958,260 1,230,704 218,845 3,405,019”

MSCI Inc. shareholders approved Election of members of the Company’s Board of Directors at the 2023-04-25 meeting.

“Proposal 1 - Election of members of the Company’s Board of Directors Director For Against Abstain Broker Non-Vote Henry A. Fernandez 67,458,859 2,383,296 565,654 3,405,019”

MSCI Inc. reported first quarter 2023 results: revenue $592,218, net income $238,728, EPS $2.97.

“Three Months Ended Mar. 31, Mar. 31, In thousands, except per share data (unaudited) 2023 2022 % Change Operating revenues $ 592,218 $ 559,945 5.8 % Operating income $ 314,602 $ 288,978 8.9 % Operating margin % 53.1 % 51.6 % Net income $ 238,728 $ 228,423 4.5 % Diluted EPS $ 2.97 $ 2.78 6.8 % Adjusted EPS $ 3.14 $ 2.98 5.4 % Adjusted EBITDA $ 344,729 $ 318,544 8.2 % Adjusted EBITDA margin % 58.2 % 56.9 %”

MSCI Inc. reported full year ended December 31, 2022 results: revenue $2,248,598, net income $870,573, EPS $10.72.

“Three Months Ended Year Ended Dec. 31, Dec. 31, Dec. 31, Dec. 31, In thousands, except per share data 2022 2021 % Change 2022 2021 % Change Operating revenues $ 576,208 $ 549,842 4.8 % $ 2,248,598 $ 2,043,544 10.0 % Operating income $ 308,750 $ 280,587 10.0 % $ 1,207,640 $ 1,072,725 12.6 % Operating margin % 53.6 % 51.0 % 53.7 % 52.5 % Net income $ 214,971 $ 193,865 10.9 % $ 870,573 $ 725,983 19.9 % Diluted EPS $ 2.67 $ 2.32 15.1 % $ 10.72 $ 8.70 23.2 %”

MSCI Inc. reported fourth quarter 2022 results: revenue $576.2 million, net income $215.0 million, EPS $2.67.

“are relative to the three months ended December 31, 2021 (“fourth quarter 2021”) and Run Rate percentage changes are relative to December 31, 2021). Operating revenues of $576.2 million, up 4.8%; Organic operating revenue growth of 6.8% Recurring subscription revenues up 13.1%; Asset-based fees down 16.2% Operating margin of 53.6%; Adjusted EBITDA margin of”

C.D. Baer Pettit was appointed as Director at MSCI Inc..

“On Januar y 30, 2023, the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) appointed C.D. Baer Pettit, President and Chief Operating Officer of the Company, to serve as a director on the Board effective immediately.”

Robin Matlock was appointed as independent director at MSCI Inc..

“On May 28, 2022, the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) appointed Robin Matlock to serve as an independent director on the Board, effective June 1, 2022 (the “Effective Date”).”