MSCI Acquires Compass Financial, Forecasts 2026 EBITDA of $1.305–$1.335 Billion
MSCI will acquire Compass Financial Technologies to enhance index calculation across equities, fixed income, commodities, digital assets, currencies, and derivatives. The company projects 2026 adjusted EBITDA of $1.305–$1.335 billion on revenue growth exceeding 10% and operating expenses of $1.490–$1.530 billion.
1. Acquisition of Compass Financial
MSCI has agreed to purchase Compass Financial Technologies to bolster its multi-asset and index calculation capabilities. The deal will integrate Compass’s technology into MSCI’s platform, expanding its coverages across multiple asset classes.
2. Expanded Multi-Asset Index Capabilities
The acquisition enables MSCI to calculate complex indexes spanning global equities, fixed income, commodities, digital assets, currencies and derivatives. This broadens MSCI’s addressable market in ETF, wealth management and institutional products.
3. 2026 Financial Guidance
For fiscal 2026, MSCI forecasts operating expenses between $1.490 billion and $1.530 billion, adjusted EBITDA of $1.305 billion to $1.335 billion, interest costs of $274 million to $280 million, and free cash flow of $1.47 billion to $1.53 billion.
4. Strategic Distribution Partnerships
MSCI extended its ETF licensing agreement with BlackRock through 2035 and signed a large deal with a European wealth-tech platform for ESG and sustainability data. It also licensed Moody’s credit risk models for its private credit database.