MSCI Inc. Earnings Recaps
Q2 2026
Jul 23, 2026
MSCI shares declined 8.7% following Q2 despite solid revenue and EPS growth, reflecting investor concerns over cautious commentary on sustainability challenges and possibly slowing momentum in key segments despite upbeat sales figures.
Key takeaways
- Organic revenue grew over 12%, adjusted EPS increased nearly 19%, and adjusted EBITDA rose 14% in Q2.
- Subscription run rate grew over 8% with retention above 95%, driven by strong hedging and trading activity.
- Recurring net new sales surged in hedge funds (+75%) and private assets (+57%), yet sustainability-related headwinds remain a noted challenge.
- Record asset-based fee run rate of $948 million, supported by nearly $40 billion of quarterly ETF inflows and $1 trillion growth over 15 months in linked AUM.
- Management highlighted AI innovation and strategic partnerships but tempered enthusiasm with references to ongoing sustainability difficulties, which may have contributed to investor caution.
Q1 2026
Apr 21, 2026
MSCI delivered a robust Q1 2026 with over 13% organic revenue growth, driven by strong asset-based fees, subscription momentum, and strategic acquisitions, underpinning its diversified, AI-enabled platform in global investing.
Key takeaways
- Organic revenue increased by over 13%, with record record asset-based fee run rate reaching $872 million (25% growth) and recurring subscription run rate up 9% (52% net new sales).
- Adjusted EPS grew nearly 14%, supported by disciplined capital deployment, including $464 million share repurchases at an average of $556 per share.
- Recurring net new subscription sales hit their best since 2022, driven by segments like index, analytics, private assets, and growth regions like Asia Pacific, which posted a 46% surge.
- Strategic acquisitions of Compass Financial Technologies, VantageR, and PM Insight expand MSCI’s footprint in AI-enhanced index services, private markets, and secondary market analytics.
- Client wins notably among hedge funds and traders, with a 17% increase in index subscription run rate and record first-quarter subscription sales, reflecting ongoing product innovation and strong market positioning.
Q3 2025
Oct 28, 2025
MSCI reported robust Q3 2025 results, delivering a 9% organic revenue growth and a 15% increase in adjusted earnings per share, supported by strong demand across its Index and Analytics segments.
Key takeaways
- Achieved record total assets under management (AUM) of $6.4 trillion linked to MSCI indices, reinforcing the firm's leadership position in the index market.
- Strong performance in subscription sales with a 27% increase in Index and 16% in Analytics, showcasing demand for risk tools by hedge funds.
- Continued commitment to shareholder value with $1.25 billion in share repurchases during Q3 and an additional $3 billion authorized for future buybacks.
- Introduction of innovative products, including a private credit factor model and MSCI PACS taxonomy, leveraging AI to enhance transparency and standardization in private assets.
- Significant growth momentum in the hedge fund and wealth management segments, underscoring the value of MSCI's solutions amid market volatility.