AI-extracted from the 10-Q filed 2026-10-20 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q3 revenue grew 12.4% YoY to $892M, driven by 24.9% surge in Index asset-based fees as ETF AUM rose 36.5%, while net income climbed 7.9% to $351M.
Biggest Revenue Drivers
Index$532.6M+18.1% YoY
Asset-based fees grew 24.9% on higher ETF AUM; recurring subscriptions up 11.1%.
Analytics$191.0M+4.8% YoY
Recurring subscriptions growth in Equity Analytics and Multi-Asset Class products.
Biggest Revenue Drivers
Total revenue: $892.0M+12.4% YoY
Index$532.6M+18.1% YoY
Asset-based fees grew 24.9% on higher ETF AUM; recurring subscriptions up 11.1%.
Analytics$191.0M+4.8% YoY
Recurring subscriptions growth in Equity Analytics and Multi-Asset Class products.
Sustainability and Climate$93.7M+4.0% YoY
Recurring subscriptions growth in Ratings and Climate products.
All Other – Private Assets$74.7M+6.7% YoY
Growth in Private Capital Solutions and Real Assets recurring subscriptions.
Largest Expense Items
Cost of revenues$152.2M+14.9% YoY
Higher information technology costs, market data costs, and incentive compensation.
Selling and marketing$90.2M+12.9% YoY
Increased incentive compensation and occupancy costs.
General and administrative$48.2M+15.3% YoY
Higher incentive compensation, transaction costs, and professional fees.
Margins: Operating margin remained stable at 56.3% (vs. 56.4% prior year). Adjusted EBITDA margin of 62.2% was essentially flat YoY, reflecting balanced revenue growth against proportional expense increases.
Watch Items from the Filing
BlackRock accounted for 11.8% of consolidated revenues (19.8% of Index segment) for 9M 2026, with 96.7% from ETF-based asset fees—concentration risk tied to market valuations and flow dynamics.
Long-term debt rose to $6.72B as of Q3 2026 from $6.20B at year-end; Consolidated Leverage Ratio at 2.90:1.00, comfortably below 4.25:1.00 covenant maximum.
Sustainability and Climate Retention Rate declined to 91.0% in Q3 2026 from 93.6% prior year; net sales were negative ($0.3M) for 9M 2026 vs. positive $13.4M prior year.
Four acquisitions completed YTD (Vantager, Compass, PM Insights, First Street) with aggregate purchase price of $218M plus up to $130M in contingent consideration; integration ongoing.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Seitz MichelleDirectorGrant or award · May 1, 2026
Rattray Sandy C.DirectorGrant or award · May 1, 2026
Congress trading in MSCI
14 transactions in MSCI reported by 6 members of Congress under the STOCK Act, most recent trade Apr 8, 2025. Reported transactions, not recommendations.
About MSCI Inc. (MSCI): stock profile, AI score and financials
MSCI Inc. (MSCI) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores MSCI at 73.8/100 on a composite quality score built from its SEC filings, placing it at rank #119 of 2,925 stocks — the top 5% of the AI-ranked universe. MSCI scores in the top quartile across balance sheet strength (97.5), profitability (95.3), free cash flow (93.9). Shareholder dilution risk is elevated at 29.1/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), MSCI Inc. reports quarterly revenue of $892.0M, net income of $351.0M, an operating margin of 56.3%. Top institutional holders of MSCI by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. MSCI trades on the NYSE exchange and files with the SEC under CIK 1408198. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MSCI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MSCI Inc. directly from SEC EDGAR.