MSCI Q3 revenue rockets 12.4% to $892 million

• MSCI reported third-quarter 2026 operating revenue of $892 million, up 12.4% year over year, supported by increased subscription revenue and asset-based fees.
• Diluted earnings per share increased 14.4% to $4.86, while adjusted EPS reached $5.11, with an operating margin of 56.3% and adjusted EBITDA margin of 62.2%.
• MSCI reported $627.2 million in share repurchases during Q3 and through October 19, 2026, and declared a fourth-quarter cash dividend of $2.05 per share.

MSCI (NYSE:MSCI) reported third-quarter 2026 operating revenue of $892 million, representing a 12.4% increase from the corresponding period in 2025.

Recurring subscription revenue rose 7.7%, while asset-based fees increased 24.9%, highlighting stronger growth in revenue tied to investment products and assets.

The company reported organic operating revenue growth of 12.3%, while its recurring subscription retention rate remained high at 95.0%.

Diluted earnings increased 14.4% to $4.86 per share, while adjusted EPS rose 14.3% to $5.11, supported by operating profitability.

MSCI declared a fourth-quarter dividend of $2.05 per share, continuing shareholder distributions alongside its ongoing share repurchase activities.

The company repurchased 1,116,460 shares for approximately $627.2 million during the third quarter and through October 19, averaging $561.81 per share.

MSCI recorded an operating margin of 56.3% and adjusted EBITDA margin of 62.2%, while organic recurring subscription run rate increased 8.7%.