MSCI Inc. (MSCI) Form 8-K — Oct 20, 2026
MSCI reported Q3 2026 operating revenues of $892.0 million, up 12.4%, with diluted EPS of $4.86 (up 14.4%) and adjusted EPS of $5.11 (up 14.3%). Asset-based fees surged 24.9% to $246.6 million, and CEO Henry Fernandez cited best-ever recurring net-new sales in Analytics and Private Capital Solutions and a record quarter for asset-based fees. Total Run Rate reached $3,571.9 million, up 12.1%, with organic recurring subscription Run Rate growth of 8.7% and a 95.0% retention rate. The Index segment led with 18.1% revenue growth, while Analytics grew 4.8% and Sustainability and Climate 4.0%.
Key figures
- Eps
- 4.86
- Revenue
- 892000000
- Guidance
- Full-Year 2026: operating expense $1,535-$1,575M; adjusted EBITDA expense $1,340-$1,370M; interest expense $288-$291M (raised from $282-$286M); D&A $195-$205M; effective tax rate 18.0%-19.5%; capex $160-$170M; operating cash flow $1,655-$1,705M; free cash flow $1,485-$1,545M
- Net Income
- 351000000
- Total Debt
- 6800000000
- Revenue Yoy
- 12.4%
- Cash Position
- 261000000
- Shares Outstanding
- 71700000
- Adjusted eps
- 5.11
- Retention rate
- 95.0%
- Total run rate
- $3,571.9M, up 12.1%
- Adjusted ebitda
- $554.8M, up 12.2%
- Adjusted eps yoy
- 14.3%
- Operating margin
- 56.3%
- Free cash flow q3
- $385.4M, down 8.9%
- Q3 share repurchases
- $552.3M (1.0M shares at avg $562.92)
- Q4 dividend declared
- $2.05 per share
- Adjusted ebitda margin
- 62.2%
- Asset based fees growth
- 24.9%
- Debt to adjusted ebitda
- 3.2x
- First street acquisition price
- $122.6 million net of cash
- Repurchases qtd through oct 19
- $627.2M / 1,116,460 shares
- Buyback authorization remaining
- ~$0.9 billion
- Organic recurring subscription run rate growth
- 8.7%
AI analysis
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