MSCI Inc.: Beat — EPS $5.11, Revenue $892M
Earnings BeatQ3 2026 · Pre-market
@trystockwhiz
Did MSCI Inc. (MSCI) beat earnings today?
Yes, MSCI Inc. (MSCI) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+1.59% surprise
$5.11Actual
Expected: $5.03
vs. year ago +14.3%
Total Revenue+0.38% surprise
$892MActual
Expected: $888.64M
vs. year ago +12.4%
Released Oct 20 · 6:45 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $892.00M | $793.40M | +12.4 |
| Revenue detail — reported lines | |||
| └─Recurring subscriptions | $623.60M | $579.10M | +7.7 |
| └─Asset-based fees | $246.60M | $197.50M | +24.9 |
| └─Non-recurring | $21.80M | $16.80M | +29.8 |
| └─Index | $532.60M | $451.10M | +18.1 |
| └─Analytics | $191.00M | $182.20M | +4.8 |
| └─Sustainability and Climate | $93.70M | $90.10M | +4.0 |
| └─All Other - Private Assets | $74.70M | $70.00M | +6.7 |
| Net Income | $351.00M | $325.30M | +7.9 |
| GAAP Basic EPS | $4.87 | $4.26 | +14.3 |
| GAAP Diluted EPS | $4.86 | $4.25 | +14.4 |
| Adjusted EPS | $5.11 | $4.47 | +14.3 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Operating Expense | — | $1,535M-$1,575M (prev. $1,535M-$1,575M) |
| Adjusted EBITDA Expense | — | $1,340M-$1,370M (prev. $1,340M-$1,370M) |
| Interest Expense | — | $288M-$291M (prev. $282M-$286M) |
| Depreciation & Amortization Expense | — | $195M-$205M (prev. $195M-$205M) |
| Capital Expenditures | — | $160M-$170M (prev. $160M-$170M) |
| Net Cash Provided by Operating Activities | — | $1,655M-$1,705M (prev. $1,655M-$1,705M) |
| Free Cash Flow | — | $1,485M-$1,545M (prev. $1,485M-$1,545M) |
Business Highlights
- ➤Achieved best-ever recurring net-new sales in Analytics and Private Capital Solutions.
- ➤Achieved best-ever Q3 recurring net-new sales in Index.
- ➤Recorded the best-ever quarter with asset owners and in Asia-Pacific.
- ➤Completed the acquisition of First Street Technology on August 3, 2026.
- ➤First Street provides physics-based physical climate risk data and analytics.
- ➤First Street results are reported in the Sustainability and Climate segment.
- ➤Repurchased 1.0 million shares during the quarter.
- ➤Paid approximately $147.5 million in dividends to shareholders.
- ➤Declared a $2.05 per share cash dividend for fourth quarter 2026.
- ➤Maintained approximately $0.9 billion of repurchase authorization availability as of October 19, 2026.
Management Commentary
Henry A. Fernandez, Chairman and CEO
“In the third quarter MSCI delivered strong financial and operating metrics, including our best-ever recurring net-new sales in Analytics and Private Capital Solutions, our best-ever Q3 recurring net-new sales in Index, and another record quarter for asset-based fees. Among client segments and regions, we achieved our best-ever quarter both with asset owners and in Asia-Pacific,”
Henry A. Fernandez, Chairman and CEO
“Thanks to these results, we entered Q4 with solid momentum and strong client engagement across our franchise. Notably, we have seen robust demand for both our traditional and newer solutions. All of this shows that MSCI is expanding our foundational, mission-critical role in global investing even as we transform our business for today’s AI-first world,”