v3.24.3

SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Operating Revenues by Reportable Segment

The following table presents operating revenues by reportable segment for the periods indicated:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)						2024						2023						2024						2023
Operating revenues
Index						$	404,882					$	362,122					$	1,175,946					$	1,063,820
Analytics						172,376						154,268						502,337						451,219
ESG and Climate						83,643						73,038						241,382						211,315
All Other - Private Assets						63,804						36,011						192,954						112,460
Total						$	724,705					$	625,439					$	2,112,619					$	1,838,814

Schedule of Segment Profitability and Reconciliation to Net Income

The following table presents segment profitability and a reconciliation to net income for the periods indicated:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)						2024						2023						2024						2023
Index Adjusted EBITDA						$	314,148					$	277,672					$	898,898					$	808,424
Analytics Adjusted EBITDA						90,287						71,781						244,171						197,710
ESG and Climate Adjusted EBITDA						29,989						25,440						75,010						66,114
All Other - Private Assets Adjusted EBITDA						16,278						11,396						46,151						36,076
Total reportable segment profitability						450,702						386,289						1,264,230						1,108,324
Amortization of intangible assets						41,939						26,722						121,316						77,543
Depreciation and amortization of property, equipment and leasehold improvements						4,332						5,252						12,639						15,911
Acquisition-related integration and transaction costs(1)						3,097						1,006						6,951						1,006
Operating income						401,334						353,309						1,123,324						1,013,864
Other expense (income), net						44,398						35,653						130,501						112,678
Provision for income taxes						76,035						57,997						189,210						155,974
Net income						$	280,901					$	259,659					$	803,613					$	745,212

___________________________

(1)Represents transaction expenses and other costs directly related to the acquisition and integration of acquired businesses, including professional fees, severance expenses, regulatory filing fees and other costs, in each case that are incurred no later than 12 months after the close of the relevant acquisition.

Schedule of Operating Revenues by Geographic Area

Operating revenues by geography are primarily based on the shipping address of the ultimate customer utilizing the product. The following table presents operating revenues by geographic area for the periods indicated:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in thousands)						2024						2023						2024						2023
Operating revenues
Americas:
United States						$	297,577					$	246,089					$	868,695					$	740,939
Other						32,631						28,243						95,976						83,353
Total Americas						330,208						274,332						964,671						824,292
Europe, the Middle East and Africa ("EMEA"):
United Kingdom						122,384						105,036						351,922						296,388
Other						157,739						142,826						466,701						420,996
Total EMEA						280,123						247,862						818,623						717,384
Asia & Australia:
Japan						28,833						24,956						84,377						75,258
Other						85,541						78,289						244,948						221,880
Total Asia & Australia						114,374						103,245						329,325						297,138
Total						$	724,705					$	625,439					$	2,112,619					$	1,838,814

Schedule of Long-Lived Assets by Geographic Area

Long-lived assets consist of property, equipment and leasehold improvements, right of use assets and internally developed capitalized software, net of accumulated depreciation and amortization. The following table presents long-lived assets by geographic area on the dates indicated:

						As of
						September 30,						December 31,
(in thousands)						2024						2023
Long-lived assets
Americas:
United States						$	241,336					$	204,238
Other						8,484						11,585
Total Americas						249,820						215,823
EMEA:
United Kingdom						18,033						18,403
Other						20,955						22,072
Total EMEA						38,988						40,475
Asia & Australia:
Japan						1,004						1,321
Other						28,943						31,507
Total Asia & Australia						29,947						32,828
Total						$	318,755					$	289,126

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