MSCI Inc. is expected to release its Q3 2026 10-Q filing on October 20, 2026, before market open. Last quarter: MSCI delivered strong Q2 FY2026 results with revenue up 12.2% to $867.0M and net income up 12.6% to $342.0M, driven by broad-based growth across Index asset-based fees (+26.6%) and recurring subscriptions (+9.0%), though stockholders' equity remained deeply negative at -$2,689.5M due to substantial leverage used for share buybacks and long-term debt now at $6,380.4M.
EPS Estimate
$5.17
Revenue Estimate
$893.08M
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the MSCI page.
Drawn from management commentary in the Q2 2026 10-Q:
Index segment operating revenues increased 17.5% to $511.0M for the quarter, driven primarily by a 26.6% increase in asset-based fees to $233.1M. This was fueled by a 36.1% increase in revenues from ETFs linked to MSCI equity indexes, as average AUM in these ETFs rose 44.8% year-over-year to $2,706B, partially offset by lower average basis point fees.
For the six months ended June 30, 2026, BlackRock accounted for 11.8% of MSCI's consolidated operating revenues, with 96.6% of that revenue coming from fees based on assets in BlackRock's ETFs and non-ETF products linked to MSCI indexes, underscoring significant client concentration tied to asset-based fee dynamics.
The effective tax rate for the six months ended June 30, 2026 was 7.3%, down sharply from 16.5% in the prior year period, primarily due to an $88.0 million discrete tax benefit recognized upon completion of a multi-phased internal legal entity restructuring completed in Q1 FY2026.
Revenue
$867M
++12.20% YoY
EPS (Basic)
$4.70
++19.90% YoY
Operating Income
$487.5M
++14.62% YoY
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