| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 892.00 | 2.9% | 12.4% |
| Total Income | 892.00 | 2.9% | 12.4% |
| Expenditure | 389.90 | 2.7% | 12.8% |
| PBT | 427.90 | 2.5% | 7.9% |
| Net Profit | 351.00 | 2.6% | 7.9% |
| OPM | 56.29% | 0.06pp | 0.14pp |
| NPM | 39.35% | 0.10pp | 1.66pp |
| EPS | 4.87 | 3.6% | 14.3% |
MSCI Reports Strong Third Quarter 2026 Financial Results
20 Oct 2026 · 1d ago, 4:21 pm
Summary
MSCI Inc. announced robust financial results for the third quarter ended September 30, 2026, with operating revenues reaching $892.0 million, a 12.4% increase year-over-year. This growth was fueled by a 12.3% organic operating revenue increase, with recurring subscription revenues up 7.7% and asset-based fees surging by 24.9%. Profitability remained strong, with an operating margin of 56.3% and an Adjusted EBITDA margin of 62.2%. Diluted EPS rose 14.4% to $4.86. Management highlighted strong client engagement and demand for both traditional and newer solutions, positioning the company for continued expansion in the AI-first world.
Key Highlights
- 1
MSCI Inc. reported operating revenues of $892.0 million for the third quarter of 2026, an increase of 12.4% compared to the same period in the prior year.
- 2
The company achieved a 12.3% organic operating revenue growth, driven by a 7.7% increase in recurring subscription revenues and a significant 24.9% rise in asset-based fees.
- 3
Operating margin stood at 56.3% in Q3 2026, with an Adjusted EBITDA margin of 62.2%, demonstrating strong profitability.
- 4
Diluted Earnings Per Share (EPS) grew by 14.4% to $4.86, and Adjusted EPS increased by 14.3% to $5.11.
- 5
The Index segment saw operating revenues increase by 18.1% to $532.6 million, with asset-based fees up 24.9%.
- 6
The company repurchased $627.2 million of stock in Q3 2026 and declared a cash dividend of $2.05 per share for the fourth quarter.
- 7
MSCI reported record net-new sales in Analytics and Private Capital Solutions, alongside record Q3 net-new sales in Index and a record quarter for asset-based fees.
Management Comments
Henry A. Fernandez
In the third quarter MSCI delivered strong financial and operating metrics, including our best-ever recurring net-new sales in Analytics and Private Capital Solutions, our best-ever Q3 recurring net-new sales in Index, and another record quarter for asset-based fees. Among client segments and regions, we achieved our best-ever quarter both with asset owners and in Asia-Pacific. Thanks to these results, we entered Q4 with solid momentum and strong client engagement across our franchise. Notably, we have seen robust demand for both our traditional and newer solutions. All of this shows that MSCI is expanding our foundational, mission-critical role in global investing even as we transform our business for today’s AI-first world.
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