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MSCI New York - July 27 , 2021 - MSCI Inc. ( " MSCI " or the " Company " ) ( NYSE : MSCI ) , a leading provider of critical decision support tools and services for the global investment community , today announced its financial results for the three months ended June 30 , 2021 ( " second quarter 2021 " ) and six months ended June 30 , 2021 ( " six months 2021 " ) . ● Financial and Operational Highlights for Second Quarter 2021 ( Note : Unless otherwise noted , percentage and other changes are relative to the three months ended June 30 , 2020 ( " second quarter 2020 " ) and Run Rate percentage changes are relative to June 30 , 2020 ) . ● ● MSCI Reports Financial Results for Second Quarter and Six Months 2021 ; Increases Quarterly Dividend ● Operating revenues of $ 498.2 million , up 21.6 % Recurring subscription revenues up 12.3 % ; Asset - based fees up 54.6 % Operating margin of 51.7 % ; Adjusted EBITDA margin of 59.2 % Diluted EPS of $ 1.99 , up 46.3 % ; Adjusted EPS of $ 2.45 , up 38.4 % New recurring subscription sales growth of 29.3 % ; Organic subscription Run Rate growth of 11.3 % ; Retention Rate of 94.4 % Paid $ 64.3 million in dividends to shareholders in second quarter 2021 Board of Directors approved a 33.3 % increase to quarterly dividend to $ 1.04 per share payable in the third quarter of 2021 ; payout ratio target maintained at a range of 40 % to 50 % of Adjusted EPS In thousands , except per share data ( unaudited ) Operating revenues Operating income Operating margin % Net income Diluted EPS Adjusted EPS Adjusted EBITDA Adjusted EBITDA margin % Three Months Ended June 30 , June 30 , 2021 $ 498,180 $ 257,533 51.7 % $ 165,423 $ 115,123 1.99 $ 1.36 $ 2.45 $ 1.77 2020 $ 409,616 $ 215,175 52.5 % $ 294,949 59.2 % PRESS RELEASE $ 236,700 57.8 % June 30 , 1 Six Months Ended June 30 , % Change 2021 2020 21.6 % $ 976,603 $ 826,396 19.7 % $ 511,908 $ 423,059 52.4 % 51.2 % 43.7 % $ 362,242 $ 263,248 46.3 % $ 38.4 % $ $ 3.10 $ 3.67 4.34 4.91 24.6 % $ 571,535 58.5 % $ 465,927 56.4 % YOY % Change 18.2 % 21.0 % 37.6 % 40.0 % 33.8 % 22.7 % " MSCI drove exceptional results in the second quarter . The strategic and disciplined investments we have made to be a change agent in the modernizing investment industry positioned us well to generate significant revenue growth and margin expansion during the quarter , " said Henry A. Fernandez , Chairman and CEO of MSCI . " We will continue our intense focus on client centricity as we set and maintain standards for the investment industry , most notably supporting the increasing global alignment with a net zero world , " added Mr. Fernandez .