Filing Flows › Industrials › MSCI (MSCI)
MSCI (MSCI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 20, 2026 · MSCI (MSCI) Q3 2026 earnings results →
Q3 2026 Revenue up 12% year over year to $892M · 39¢ of every $1 of revenue kept as net profit · operating margin 56.3%
MSCI made $892M in Q3 2026 (+12% Y/Y). Operating margin 56.3%, net earnings $351M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 20, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $892.0M in Q3 2026, up 12% year over year and up 3% from the previous quarter.
Operating profit was $502.1M, a 56.3% margin (down 0.1 points year over year). Of the extra revenue versus Q3 2025, 55% reached operating profit, below the 56% margin then. Total costs grew 13% against revenue growth of 12%. The fastest-growing cost line was General & admin (+15%). Net earnings were $351.0M, up 8% year over year. The effective tax rate was 18.0%.
Operating cash flow was $436.1M (down 3% year over year), 124% of net earnings. Non-cash charges added back $51.7M of depreciation and amortization and $27.5M of share-based compensation. Capital expenditures of $13.4M left free cash flow of $422.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 20, 2026 | $892M | +12% | 56.3% | $351M | $436M |
| Q2 2026 | 10-Q | Jul 21, 2026 | $867M | +12% | 56.2% | $342M | $371M |
| Q1 2026 | 10-Q | Apr 21, 2026 | $851M | +14% | 53.7% | $406M | $307M |
| Q4 2025 | 10-K | Feb 6, 2026 | $823M | +11% | 56.4% | $285M | $501M |
| Q3 2025 | 10-Q | Oct 28, 2025 | $793M | +10% | 56.4% | $325M | $449M |
| Q2 2025 | 10-Q | Jul 22, 2025 | $773M | +9% | 55.0% | $304M | $336M |
| Q1 2025 | 10-Q | Apr 22, 2025 | $746M | +10% | 50.5% | $289M | $302M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
Customers and suppliers named in filings
Sells to
About MSCI
Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities, make better investment decisions and unlock innovation. Investors all over the world use our tools and solutions to gain insights and improve transparency throughout their investment processes. Our offerings help them define their investment universe; make asset allocation decisions; construct and analyze portfolios and investment strategies; identify, measure and manage drivers of investment risk and performance; integrate sustainability and climate considerations into portfolio construction and risk management; design and manage indexed financial products such as exchange-traded funds (“ETFs”); and prepare regulatory and client reports.
In its own words, from its 10-K, filed Feb 6, 2026.
MSCI against its Services-Business Services, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +12%. Operating margin: 56.3% against the peers' median 15.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MSCI MSCI | Q3 2026 | $892M | +12% | 56.3% |
| ACN Accenture | Q4 FY26 | $18.7B | +6% | 15.3% |
| UBER Uber Technologies | Q3 2026 | $14.8B | +10% | 9.8% |
| V Visa | Q4 FY26 | $12.1B | +13% | 59.8% |
| MELI MercadoLibre | Q3 2026 | $10.8B | +45% | 6.3% |
| MA Mastercard | Q3 2026 | $9.8B | +14% | 59.8% |
| PYPL PayPal Holdings | Q3 2026 | $8.6B | +2% | 16.3% |
| FISV Fiserv | Q3 2026 | $5.2B | -1% | -105.7% |
| DASH DoorDash | Q3 2026 | $4.6B | +34% | 9.6% |
Source: MSCI 10-Q on SEC EDGAR · CIK 1408198 · Services-Business Services, NEC
Guidance and outlook
13F: who owns MSCI and who is buying
More on MSCI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results