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Adjusted EBITDA by Segment
Shows profitability across different business segments, highlighting which areas are driving earnings and where there might be inefficiencies or opportunities for improvement.Index EBITDA is clearly the profit engine — steadily accelerating and benefiting from record ABF/ETF inflows and reaccelerating custom-index demand, which underpins most margin expansion. Analytics shows strong secular growth but Q1 contained lumpier implementation receipts and management expects ~5% YoY Analytics growth in Q2, so expect near-term EBITDA moderation. ESG & Climate EBITDA has grown surprisingly fast despite muted new-sales, suggesting operating leverage or timing effects. ‘Other’ remains noisy, reflecting acquisition-related costs/D&A — watch acquisition cadence and expense guidance for margin sustainability.
Date | Other | Index | Analyytics | ESG and Climate |
|---|---|---|---|---|
Jun 30, 2026 | $17.10M | $397.80M | $88.00M | $35.60M |
Mar 31, 2026 | $13.70M | $375.20M | $82.80M | $33.00M |
Dec 31, 2025 | $15.96M | $374.02M | $83.86M | $38.17M |
Sep 30, 2025 | $19.32M | $350.26M | $90.04M | $34.81M |
Jun 30, 2025 | $19.94M | $330.16M | $92.61M | $31.68M |
Mar 31, 2025 | $14.22M | $311.57M | $76.03M | $23.82M |
Dec 31, 2024 | $15.28M | $323.16M | $84.12M | $29.70M |
Sep 30, 2024 | $16.70M | $314.10M | $90.30M | $30.00M |
Jun 30, 2024 | $17.40M | $307.00M | $81.70M | $23.90M |
Mar 31, 2024 | $12.50M | $277.80M | $72.20M | $21.10M |