MSCI Inc. (formerly Morgan Stanley Capital International and MSCI Barra), is an American finance company headquartered in New York City and serving as a global provider of equity, fixed income, hedge fund stock market indexes, multi-asset portfolio analysis tools and ESG products. It publishes the MSCI BRIC, MSCI World and MSCI EAFE Indexes.
| Revenue (TTM) | $3.43B |
| Gross Profit (TTM) | $2.85B |
| EBITDA | $2.02B |
| Operating Margin | 56.40% |
| Return on Equity | 0.00% |
| Return on Assets | 21.70% |
| Revenue/Share (TTM) | $46.94 |
| Book Value | $-42.07 |
| Price-to-Book | 37.57 |
| Price-to-Sales (TTM) | 13.58 |
| EV/Revenue | 15.82 |
| EV/EBITDA | 25.50 |
| Quarterly Earnings Growth (YoY) | 14.40% |
| Quarterly Revenue Growth (YoY) | 12.40% |
| Shares Outstanding | $72.70M |
| Float | $67.82M |
| % Insiders | 3.65% |
| % Institutions | 97.25% |
Volatility is currently expanding
The Alger Concentrated Equity ETF underperformed the Russell 1000 Growth Index during the third quarter of 2026. Microsoft Corporation, Natera, Inc., and Meta Platforms Inc were among the top contributors to performance. Western Digital Corporation, QXO, Inc., and Nebius Group were among the top detractors from performance.
MSCI Inc. is reiterated as a Buy, driven by robust Q3 2026 results, double-digit dividend growth, and a healthy balance sheet. MSCI posted 12.4% revenue growth and 14.3% adjusted EPS growth, fueled by surging asset-based fees, strong subscription momentum, and AI-driven operational efficiencies. Shares trade at a forward P/E of 32.28x, moderately below a recalibrated fair value of $702 per share, supporting a projected 14% annualized total return through 2027.
MSCI is rated Hold at $600, as current valuation limits upside despite strong core Index division growth and recurring revenues. Index division drives performance, with 18.1% revenue growth and ETF-linked assets up 31%, but average return on ETF assets declined. Share buybacks significantly boost EPS growth, yet rising debt and interest expenses, plus high valuation, constrain further buyback impact.
The Q3 earnings cycle continues to roll along, with several companies ??? Accenture (ACN), Hasbro (HAS), and MSCI (MSCI)?
Total revenue grew 12.4% in the third quarter. Index subscription run rate from hedge funds grew 32%.
MSCI Inc. ( MSCI ) Q3 2026 Earnings Call October 20, 2026 11:00 AM EDT Company Participants Jeremy Ulan - Head of Investor Relations & Treasurer Henry Fernandez - Chairman, CEO & President Andrew Wiechmann - CFO & Interim Principal Accounting Officer Alvise Munari - Head of Client Segments & Chief Product Officer Conference Call Participants Toni Kaplan - Morgan Stanley, Research Division Alex Kramm - UBS Investment Bank, Research Division Manav Patnaik - Barclays Bank PLC, Research Division Alexander EM Hess - JPMorgan Chase & Co, Research Division Scott Wurtzel - Wolfe Research, LLC Faiza Alwy - Deutsche Bank AG, Research Division Kelsey Zhu - Autonomous Research US LP Owen Lau - Clear Street LLC Keen Fai Tong - Goldman Sachs Group, Inc., Research Division Curtis Nagle - BofA Securities, Research Division David Motemaden - Evercore ISI Institutional Equities, Research Division Craig Huber - Huber Research Partners, LLC Ashish Sabadra - RBC Capital Markets, Research Division Keegan Antico - Wells Fargo Securities, LLC, Research Division Presentation Operator Good day, ladies and gentlemen, and welcome to the MSCI Third Quarter 2026 Earnings Conference Call. As a reminder, this call is being recorded.
MSCI NYSE: MSCI reported third-quarter results marked by double-digit revenue growth, record asset-based fees and historic net new sales in several product lines, as the company highlighted expanding use cases for artificial intelligence across its data, analytics and private-markets offerings.
MSCI's Q3 earnings beat estimates as revenues rose 12.4%, fueled by strong asset-based fees and subscriptions, despite declining free cash flow.
Although the revenue and EPS for MSCI (MSCI) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MSCI (MSCI) came out with quarterly earnings of $5.11 per share, beating the Zacks Consensus Estimate of $4.98 per share. This compares to earnings of $4.47 per share a year ago.
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