Counting processes that keep track of labeled changes to discrete evolutionary traits play critical roles in evolutionary hypothesis testing. If we assume that trait evolution can be described by a continuous-time Markov chain, then it suffices to study the process that counts labeled transitions of the chain. For a binary trait, we demonstrate that it is possible to obtain closed-form analytic solutions for the probability mass and probability generating functions of this evolutionary counting process. In the general, multi-state case we show how to compute moments of the counting process using an eigen decomposition of the infinitesimal generator, provided the latter is a diagonalizable matrix. We conclude with two examples that demonstrate the utility of our results.