| Disaggregation of Operating Revenue |
The tables that follow present the disaggregated operating revenues for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2025 | | | Segments | | | | | | (in thousands) | | Index | | Analytics | | Sustainability and Climate | | All Other - Private Assets | | Total | | Operating Revenue Types | | | | | | | | | | | | Recurring subscriptions | | $ | 233,330 | | | $ | 169,755 | | | $ | 82,737 | | | $ | 66,819 | | | $ | 552,641 | | | Asset-based fees | | 177,415 | | | — | | | — | | | — | | | 177,415 | | | Non-recurring | | 10,998 | | | 2,430 | | | 1,882 | | | 460 | | | 15,770 | | | Total | | $ | 421,743 | | | $ | 172,185 | | | $ | 84,619 | | | $ | 67,279 | | | $ | 745,826 | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended March 31, 2024 | | | Segments | | | | | | (in thousands) | | Index | | Analytics | | Sustainability and Climate | | All Other - Private Assets | | Total | | Operating Revenue Types | | | | | | | | | | | | Recurring subscriptions | | $ | 212,952 | | | $ | 160,551 | | | $ | 76,418 | | | $ | 63,134 | | | $ | 513,055 | | | Asset-based fees | | 150,259 | | | — | | | — | | | — | | | 150,259 | | | Non-recurring | | 10,661 | | | 3,415 | | | 1,466 | | | 1,109 | | | 16,651 | | | Total | | $ | 373,872 | | | $ | 163,966 | | | $ | 77,884 | | | $ | 64,243 | | | $ | 679,965 | | | | | | | | | | | | |
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| Schedule of Change in Accounts Receivable and Current Deferred Revenue |
The tables that follow present the change in accounts receivable, net of allowances, and current deferred revenue between the dates indicated: | | | | | | | | | | | | | | | | (in thousands) | | Accounts receivable, net of allowances | | Deferred revenue | Opening (December 31, 2024) | | $ | 820,709 | | | $ | 1,123,423 | | Closing (March 31, 2025) | | 749,247 | | | 1,082,542 | | | Increase/(decrease) | | $ | (71,462) | | | $ | (40,881) | | | | | | |
| | | | | | | | | | | | | | | | (in thousands) | | Accounts receivable, net of allowances | | Deferred revenue | Opening (December 31, 2023) | | $ | 839,555 | | | $ | 1,083,864 | | Closing (March 31, 2024) | | 745,611 | | | 1,053,961 | | | Increase/(decrease) | | $ | (93,944) | | | $ | (29,903) | | | | | | |
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| Schedule of Remaining Performance Obligations |
The remaining performance obligations for contracts that have a duration of greater than one year and the periods in which they are expected to be recognized are as follows: | | | | | | | | | | | As of | | | March 31, | | (in thousands) | | 2025 | First 12-month period | | $ | 951,513 | | Second 12-month period | | 598,070 | | Third 12-month period | | 262,439 | | | Periods thereafter | | 202,346 | | | Total | | $ | 2,014,368 | | | | |
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