MSCI IncMSCI
▼ NegativeCapitalrelevance
Q2 earnings miss and raised 2026 expense outlook
Impact on stocks 1
Financials
MSCI IncMSCI shares fall after Q2 earnings miss and 2026 expense outlook raised
Earnings
MSCI shares dropped after the index provider reported second-quarter earnings that missed consensus and raised its 2026 expense guidance. Non-GAAP earnings per share came in at $4.94, missing estimates by $0.04, while revenue of $867 million, up 12.2% year-over-year, fell short by $3.03 million. Operating expenses rose 9.2% to $379.5 million, and adjusted EBITDA expenses increased 10.1% to $328.5 million, driven by higher technology, market data, and compensation costs, as well as $3.2 million in expenses from recent acquisitions. The company lifted its 2026 operating expense outlook to a range of $1.54 billion to $1.58 billion from $1.49 billion to $1.53 billion, and its adjusted EBITDA expense outlook to $1.34 billion to $1.37 billion from $1.31 billion to $1.34 billion, citing the impact of acquisitions including First Street and stronger business performance. Shares were 10.74% lower at $558.00 in pre-market trading.
MSCI IncQ2 earnings miss and raised 2026 expense outlook