Filing Flows › MSCI (MSCI) › Guidance history
MSCI (MSCI) guidance history: what it guided and what it reported
MSCI gave guidance in 12 earnings releases on file since Jan 30, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Tax rate: 1 of 2, on average +1.0 pts against the guided midpoint. Its releases raised guidance twice and lowered it 0 times.
Tax rate
Met or beat 1 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | 17.5%–20.0% (Jan 29, 2025) → reaffirmed 17.5%–20.0% (Apr 22, 2025) → reaffirmed 17.5%–20.0% (Jul 22, 2025) → lowered 16.0%–18.0% (Oct 28, 2025) | 19.5% | above the range | +2.5 pts |
| FY2024 | 18.0%–21.0% (Jan 30, 2024) → reaffirmed 18.0%–21.0% (Apr 23, 2024) → reaffirmed 18.0%–21.0% (Jul 23, 2024) → lowered 18.0%–19.5% (Oct 29, 2024) | 18.2% | within the range | -0.5 pts |
EBITDA
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.3B–$1.3B (Apr 21, 2026) → raised $1.3B–$1.4B (Oct 20, 2026) | — | to be reported | — |
| FY2024 | $1.1B–$1.2B (Jan 30, 2024) → reaffirmed $1.1B–$1.2B (Jul 23, 2024) → reaffirmed $1.1B–$1.2B (Oct 29, 2024) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $274M–$280M (Jan 28, 2026) → reaffirmed $274M–$280M (Apr 21, 2026) → raised $282M–$286M (Jul 21, 2026) → raised $288M–$291M (Oct 20, 2026) | — | to be reported | — |
| FY2025 | $182M–$186M (Jan 29, 2025) → reaffirmed $182M–$186M (Apr 22, 2025) → reaffirmed $182M–$186M (Jul 22, 2025) → raised $205M–$209M (Oct 28, 2025) | — | — | — |
| FY2024 | $185M–$189M (Jan 30, 2024) → reaffirmed $185M–$189M (Apr 23, 2024) → reaffirmed $185M–$189M (Jul 23, 2024) → lowered $183M–$186M (Oct 29, 2024) | — | — | — |
Depreciation & amortization
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $185M–$195M (Jan 28, 2026) → raised $190M–$200M (Apr 21, 2026) → raised $195M–$205M (Jul 21, 2026) → reaffirmed $195M–$205M (Oct 20, 2026) | — | to be reported | — |
| FY2025 | $185M–$195M (Jan 29, 2025) → reaffirmed $185M–$195M (Apr 22, 2025) → reaffirmed $185M–$195M (Jul 22, 2025) → reaffirmed $185M–$195M (Oct 28, 2025) | — | — | — |
| FY2024 | $170M–$180M (Jan 30, 2024) → reaffirmed $170M–$180M (Apr 23, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $160M–$170M (Jan 28, 2026) → reaffirmed $160M–$170M (Apr 21, 2026) → reaffirmed $160M–$170M (Jul 21, 2026) → reaffirmed $160M–$170M (Oct 20, 2026) | — | to be reported | — |
| FY2025 | $115M–$125M (Jan 29, 2025) → reaffirmed $115M–$125M (Apr 22, 2025) → reaffirmed $115M–$125M (Jul 22, 2025) → raised $120M–$130M (Oct 28, 2025) | $39.3M (GAAP) | not judged | — |
| FY2024 | $95.0M–$105M (Jan 30, 2024) → reaffirmed $95.0M–$105M (Apr 23, 2024) → reaffirmed $95.0M–$105M (Jul 23, 2024) → raised $105M–$115M (Oct 29, 2024) | $33.8M (GAAP) | not judged | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.6B–$1.7B (Jan 28, 2026) → reaffirmed $1.6B–$1.7B (Apr 21, 2026) → raised $1.7B–$1.7B (Jul 21, 2026) → reaffirmed $1.7B–$1.7B (Oct 20, 2026) | — | to be reported | — |
| FY2025 | $1.5B–$1.6B (Jan 29, 2025) → reaffirmed $1.5B–$1.6B (Apr 22, 2025) → reaffirmed $1.5B–$1.6B (Jul 22, 2025) → raised $1.5B–$1.6B (Oct 28, 2025) | $1.6B (GAAP) | not judged | — |
| FY2024 | $1.3B–$1.4B (Jan 30, 2024) → reaffirmed $1.3B–$1.4B (Apr 23, 2024) → reaffirmed $1.3B–$1.4B (Jul 23, 2024) → raised $1.4B–$1.5B (Oct 29, 2024) | $1.5B (GAAP) | not judged | — |
The latest quarter
MSCI, Q3 2026: revenue $892M (+12% year over year), operating margin 56.3%, net earnings $351M, operating cash flow $436M. The chart follows the revenue to costs, profit and cash.
Questions
Does MSCI beat its guidance?
MSCI gave guidance in 12 earnings releases on file since Jan 30, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Tax rate: 1 of 2, on average +1.0 pts against the guided midpoint.
How often does MSCI raise guidance?
Its earnings releases raised guidance twice and lowered it 0 times since Jan 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.