MSCI Reports Financial Results for Third Quarter and Nine Months 2026
MSCI posted Q3 2026 operating revenues of $892.0 million, up 12.4% year-over-year, with diluted EPS of $4.86 (up 14.4%) and adjusted EPS of $5.11 (up 14.3%). Index segment revenue grew 18.1% with asset-based fees up 24.9% on record ETF AUM of $2,905 billion, and the company reported best-ever net-new recurring sales in Analytics, Private Capital Solutions, and Q3 Index. Retention rate improved to 95.0% from 94.7%.
Key figures
- Eps
- 4.86
- Revenue
- 892000000
- Guidance
- FY26 guidance largely unchanged: operating expenses $1,535-$1,575M; adjusted EBITDA expense $1,340-$1,370M; interest expense raised to $288-$291M from $282-$286M; free cash flow $1,485-$1,545M
- Revenue Yoy
- 12.4%
- Etf aum
- 2905000000
- Fcf yoy
- -8.9%
- Net income
- 351000000
- Total debt
- 6800000000
- Q3 buybacks
- 552300000
- Adjusted eps
- 5.11
- Run rate yoy
- 12.1%
- Dividends paid
- 147500000
- Free cash flow
- 385400000
- Retention rate
- 95.0%
- Adjusted ebitda
- 554800000
- Adjusted eps yoy
- 14.3%
- Asset based fees
- 246600000
- Operating income
- 502100000
- Operating margin
- 56.3%
- Index revenue yoy
- 18.1%
- Debt to adj ebitda
- 3.2x
- Asset based fees yoy
- 24.9%
- Analytics revenue yoy
- 4.8%
- Adjusted ebitda margin
- 62.2%
- Private assets revenue yoy
- 6.7%
- Declared dividend per share
- 2.05
- Sustainability climate revenue yoy
- 4.0%
- Organic subscription run rate growth
- 8.7%
AI analysis
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