MSCI, Inc. (MSCI) Financials
Key financial figures for MSCI, Inc. (Q2 2026).
MSCI grew Q2 2026 operating revenue 12.2% to $867.0 million and adjusted EPS 18.5% to $4.94, with a record asset-based-fee run rate, organic run-rate growth of 12.3%, and retention improving to 95.3%. Operating revenue was $867.0M (+12.2% YoY); adjusted EBITDA margin was 62.1% and adjusted EPS was $4.94 (+18.5% YoY), both accelerating from Q1 2026. Total run-rate reached $3,479.7M (+12.0% YoY) with organic run-rate growth of 12.3%; Index run-rate grew fastest at +17.4%, while Sustainability & Climate run-rate growth was muted at +1.9%. Asset-based fees run-rate hit a record $948.2M (+25.2% YoY), driven by ETF AUM linked to MSCI equity indexes rising to $2,818B (+20.4% YoY); subscription run-rate grew 7.8% (organic +8.1%). On the outlook: MSCI raised its FY2026 guidance ranges: operating expense to $1,535-$1,575M (from $1,490-$1,530M), adjusted EBITDA expense to $1,340-$1,370M (from $1,305-$1,335M), interest expense to $282-$286M (from $274-$280M), D&A to $195-$205M (from $190-$200M), operating cash flow to $1,655-$1,705M (from $1,640-$1,690M), and free cash flow to $1,485-$1,545M (from $1,470-$1,530M); effective tax rate (18.0-20.0%) and capex ($160-$170M) guidance were left unchanged. Figures are for Q2 2026, as MSCI Inc. reported them.
- Revenue
- $867M
- Net Income
- $342M
- EPS
- $4.70
- Total Assets
- $5.6B
- Operating Cash Flow
- $371M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $867M | $342M | $4.70 | 56.23% | |
| Q1 FY2026 | $851M | $406M | $5.53 | 53.7% | $278M |
| Q4 FY2025 | $823M | $285M | $3.68 | 56.37% | $489M |
| Q3 FY2025 | $793M | $325M | $4.24 | 56.42% | $446M |
| Q2 FY2025 | $773M | $304M | $3.92 | 55.03% | $325M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $3.1B | $1.2B | $15.56 | 54.67% | $1.5B |
| FY2024 | $2.9B | $1.1B | $14.05 | 53.52% | $1.5B |
| FY2023 | $2.5B | $1.1B | $14.39 | 54.75% | $1.1B |
Frequently asked questions
What was MSCI Inc.'s revenue last quarter?
MSCI Inc. reported revenue of $867.0 million for Q2 FY2026, up 12.2% from the same period a year earlier.
Is MSCI Inc. profitable?
Yes. MSCI Inc. reported net income of $342.0 million for Q2 FY2026, a net margin of 39.45% on revenue.
How has MSCI Inc.'s margin trended?
Operating margin was 56.23% in Q2 FY2026, compared with 55.03% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does MSCI Inc. report next?
MSCI Inc. is scheduled to report results on 2026-10-20. The company has confirmed that date.
Full income statement, balance sheet and cash flow for MSCI, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.