EarningsQ2 2026 Earnings Report
MX:MSCI Q2 2026 EPS Results
Actual EPS$89.39
Consensus EPS$90.22
Beat/MissMissed by -$0.83
One Year Ago EPS$75.46
MX:MSCI Q2 2026 Revenue Results
Actual Revenue$15.69B
Expected Revenue$15.76B
Beat/MissMissed by -$67.12M
YoY Revenue Growth+12.21%
Earnings Announcement Details
QuarterQ2 2026
Date07/21/2026
TimeBefore Open
Conference CallTuesday, July 21, 2026
MX:MSCI Upcoming Earnings
MSCI's next earnings date is estimated for October 20, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MSCI Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong momentum across MSCI's index, ABF, hedge fund/trader, and private assets franchises with double-digit organic growth, record AUM and substantial new-product and AI-driven pipeline. Challenges were highlighted primarily in the sustainability reporting segment, some fee compression from mix shift, and near-term expense and margin headwinds driven by acquisitions and comp accruals. Overall, the positive growth drivers, record AUM, accelerating run rates, and sizable new-product traction materially outweigh the cited challenges.Company Guidance
Strong Top-Line and Profitability Growth
Organic revenue growth of over 12% in Q2; adjusted EPS grew nearly 19%; adjusted EBITDA grew 14%, demonstrating profitable, high-quality growth.
Asset-Based Fees (ABF) Momentum
ABF run rate reached about $948–$950 million, up ~25% year-over-year, driven by record ETF and non-ETF AUM linked to MSCI indices and ~ $40 billion of ETF inflows in the quarter.
Record AUM and ETF Growth
AUM in ETFs linked to MSCI indexes rose to over $2.8 trillion; over the past 15 months ETF AUM linked to MSCI indices grew by more than $1 trillion.
Index Franchise Strength
Index recurring net new subscription sales grew ~41% year-over-year; index total run rate grew 17%; subscription run rate increased >11% and retention exceeded 97%.
Hedge Fund & Trader Adoption
Subscription run rate growth in the traders and hedge funds category of 15%, and hedge funds specifically posted 19% subscription run rate growth; significant net new sales into hedge funds highlighted by large seven-figure deals and a material year-over-year increase in index sales to the segment.
Private Assets Acceleration
Private capital solutions saw subscription run rate growth accelerate to >16%, with recurring net new sales growth of 57%; strategic partnership with UBS to expand private asset solutions and wealth-channel distribution.
New Product & AI Momentum
Over 80 new products introduced in the last two quarters versus 40+ in all of 2024; Index AI Insights deployed with over 1,000 clients; contribution from new products to new sales up ~40% in H1 year-over-year.
Capital Allocation & Cash Returns
Repurchased $147 million of MSCI shares at an average price of about $558 per share during the quarter; free cash flow guide raised due to stronger collections and improved conversion.
Strategic Acquisitions to Extend Capabilities
Announced acquisition of First Street (physics-based climate risk) expected to add roughly $10 million of subscription run rate to the Sustainability & Climate segment upon close and broaden physical risk offerings.
MX:MSCI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed