MSCI Q3 adjusted EPS rises, beats estimates
MSCI•MSCI•MSCI•MSCI•MSCI's third-quarter operating revenue rose 12.4% to $892 million, while adjusted EPS increased 14.3% to $5.11, above the $5.02 estimate. The company repurchased $627.2 million in shares and expects 2026 operating expenses of $1.535 billion to $1.575 billion and free cash flow of $1.485 billion to $1.545 billion.
MSCI reported third-quarter operating revenue of $892 million, up 12.4%. Adjusted EPS rose 14.3% to $5.11, beating the $5.02 analyst estimate; net income was $351 million and EPS was $4.86.
The company expects 2026 operating expenses of $1.535 billion to $1.575 billion and free cash flow of $1.485 billion to $1.545 billion. Revenue growth was driven by higher asset-based fees and recurring subscription revenue, while operating expenses rose due to increased IT, professional fees, market data and compensation costs. MSCI repurchased $627.2 million in shares during the quarter.
