| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 850.80 | 14.1% |
| Total Income | 850.80 | 14.1% |
| Expenditure | 393.90 | 6.8% |
| PBT | 389.20 | 17.6% |
| Net Profit | 406.00 | 40.7% |
| OPM | 53.70% | 3.15pp |
| NPM | 47.72% | 9.02pp |
| EPS | 5.54 | 48.9% |
MSCI Reports First Quarter 2026 Revenue Up 14.1% to $850.8 Million
21 Apr 2026 · 21 Apr, 4:19 pm
Summary
MSCI Inc. reported strong financial results for the first quarter of 2026, with operating revenues reaching $850.8 million, a 14.1% increase year-over-year. Diluted EPS saw a significant rise of 49.1%, reaching $5.53. Adjusted EBITDA also experienced substantial growth, increasing by 18.6% to $504.7 million. According to Henry A. Fernandez, Chairman and CEO, these results affirm MSCI’s foundational role in global capital markets, driven by sales momentum across regions, product lines, client segments, and asset classes, as well as AI-fueled product innovation.
Key Highlights
- 1
MSCI's operating revenues increased by 14.1% to $850.8 million in the first quarter of 2026.
- 2
The company's diluted EPS rose by 49.1% to $5.53, while adjusted EPS increased by 13.8% to $4.55.
- 3
Adjusted EBITDA for MSCI was $504.7 million, reflecting an 18.6% increase.
- 4
The adjusted EBITDA margin improved to 59.3% compared to 57.1% in the first quarter of 2025.
- 5
Total Run Rate at March 31, 2026, was $3,357.3 million, up 12.7%.
Management Comments
Henry A. Fernandez
In the first quarter MSCI delivered strong financial and operating metrics, including a record asset-based-fee run rate and our best Q1 of recurring net-new subscription sales since 2022. Among product lines and client segments, we posted record levels of Q1 recurring sales in both Index and Analytics, along with our best-ever Q1 recurring net-new sales with hedge funds and with banks and broker-dealers.
Henry A. Fernandez
These results affirmed MSCI’s foundational, mission-critical role in global capital markets, which is also reflected in the growing liquidity and scale of the investment ecosystem linked to our indexes and IP. The sales momentum we have achieved cuts across regions, product lines, client segments and asset classes, and we are building on it through relentless, AI-fueled product innovation.
Informational and educational content only. Not investment advice.