MSCI reported second-quarter 2026 adjusted earnings of $4.94 per share, up 18.5% year over year, beating the Zacks Consensus Estimate by 0.82%. Revenues increased 12.2% to $867 million, surpassing the consensus mark by 0.90%, driven by higher recurring subscription revenues and asset-based fees. The retention rate improved to 95.3%, while period-end AUM in ETFs linked to MSCI equity indexes reached $2.818 trillion. Index revenues rose 17.5% to $511 million, with recurring subscriptions and asset-based fees up 11.6% and 26.6% respectively, and the segment's adjusted EBITDA margin expanded to 77.8%. Analytics revenues grew 6.6% to $189.4 million, but adjusted EBITDA fell 5% as expenses outpaced revenue, contracting the margin to 46.5%. Sustainability and Climate revenues increased 3.4% to $91.9 million, with adjusted EBITDA up 12.3% and margin expanding to 38.7%. All Other – Private Assets revenues rose 4.9% to $74.7 million, though adjusted EBITDA declined 14.1% and margin contracted to 22.9%. MSCI raised its full-year 2026 operating expense outlook to $1.535-$1.575 billion and adjusted EBITDA expense guidance to $1.340-$1.370 billion, reflecting acquisitions and growth investments.
MSCI IncMSCI reported Q2 earnings and revenue beats, with strong index revenue growth and raised guidance.
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