Every 10-Q that MSCI Inc (MSCI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MSCI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSCI filings page.
MSCI Inc. reported strong Q2 2026 results, with operating revenues of $867.0 million and operating income of $487.5 million. Net income was $342.0 million, or diluted EPS of $4.69. For the first six months of 2026, operating revenues reached $1,717.8 million and net income $748.0 million, or $10.23 per diluted share.
Growth was driven by higher recurring subscriptions and a 26.6% increase in asset-based fees, mainly from ETFs and non-ETF products linked to MSCI indexes. Average AUM in ETFs linked to MSCI equity indexes in Q2 2026 was $2,706 billion. Adjusted EBITDA for the first half was $1,043.2 million, with a 60.7% margin.
Operating expenses rose 8.0% year to date, reflecting higher compensation, technology, market data and professional fees. The effective tax rate fell to 7.3% due to an $88.0 million discrete tax benefit from an internal legal entity restructuring. Operating cash flow was $677.6 million, supporting $544.3 million of share repurchases, $298.9 million of dividends and acquisitions. Three acquisitions closed for $95.5 million in aggregate, and MSCI agreed to acquire First Street Technology for $120.0 million in cash plus potential earn-out payments. Total debt principal outstanding was $6,425.0 million at June 30, 2026.
MSCI Inc. reported strong results for the quarter ended March 31, 2026, with operating revenues of $850.8 million, up 14.1% from $745.8 million a year earlier, driven mainly by Index products and asset-based fees. Net income rose to $406.0 million from $288.6 million, and diluted EPS increased to $5.53 from $3.71, helped by higher revenues and an $88.0 million discrete tax benefit that produced a (4.3)% effective tax rate. Index revenue grew 17.7% as ETF and non-ETF assets tracked to MSCI equity indexes expanded, while Analytics and Sustainability and Climate segments also delivered mid- to high-single-digit revenue growth. Adjusted EBITDA reached $504.7 million with a 59.3% margin, and total Run Rate increased 12.7% to $3,357.3 million, indicating a larger recurring revenue base. MSCI continued to return capital, repurchasing $399.3 million of stock and declaring dividends of $2.05 per share, while ending the quarter with $6.45 billion of total debt and a consolidated leverage ratio of 2.94x.
MSCI Inc. reported higher results for Q3 2025. Operating revenue rose to $793,426 thousand from $724,705 thousand, and net income increased to $325,386 thousand from $280,901 thousand. Diluted EPS was $4.25 versus $3.57. Operating income was $447,690 thousand.
By segment this quarter: Index revenue was $451,160 thousand, Analytics $182,170 thousand, and Sustainability and Climate $90,125 thousand. For the first nine months, operating cash flow was $1,087,316 thousand.
The company strengthened its capital structure, issuing $1,250,000 thousand of 5.250% senior unsecured notes due 2035 and expanding its revolving credit facility to $1,600,000 thousand, extended to 2030. Long‑term debt stood at $5,507,771 thousand.
Shareholder returns remained active: MSCI repurchased 2,703 thousand shares for $1,512,260 thousand year‑to‑date at an average price of $559.44 and declared quarterly dividends of $1.80 per share. Subsequent to quarter end, the Board authorized a new $3,000,000 thousand repurchase program and declared a $1.80 dividend payable November 28, 2025 to holders of record November 14, 2025.