Filing Flows › MSCI (MSCI) › Q2 2026 › vs Q1 2026
MSCI (MSCI) Q2 2026 vs Q1 2026 (quarter over quarter)
MSCI's revenue rose $16.2M (+2%) from $851M in Q1 2026 to $867M in Q2 2026. Operating margin 56.2% against 53.7% (+2.5 pts).
MSCI, Q2 2026: revenue $867M (+12% year over year), operating margin 56.2%, net earnings $342M, operating cash flow $371M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 56.2% | 53.7% | +2.5 pts |
| Net margin | 39.4% | 47.7% | -8.3 pts |
| Free cash flow margin | 41.5% | 35.7% | +5.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $867M | $851M | $16.2M | +2% |
| Operating profit | $488M | $457M | $30.6M | +7% |
| Costs & expenses | $380M | $394M | −$14.4M | -4% |
| Pre-tax earnings | $417M | $389M | $28.1M | +7% |
| Other expense, net | $70.2M | $67.7M | $2.5M | +4% |
| Cost of revenue | $150M | $142M | $8.1M | +6% |
| Research & development | $46.0M | $49.6M | −$3.6M | -7% |
| Sales & marketing | $87.4M | $85.7M | $1.7M | +2% |
| General & admin | $46.2M | $69.0M | −$22.8M | -33% |
| Other operating costs | $50.0M | $47.8M | $2.2M | +5% |
| Net earnings | $342M | $406M | −$64.0M | -16% |
| Income tax | $75.3M | −$16.8M | $92.1M | — |
| Depreciation & amortization | $50.0M | $47.8M | $2.2M | +5% |
| Share-based compensation | $25.4M | $47.7M | −$22.3M | -47% |
| Working capital & other | $46.6M | $195M | −$148M | -76% |
| Operating cash flow | $371M | $307M | $64.0M | +21% |
| Free cash flow (OCF − capex) | $360M | $304M | $55.8M | +18% |
| Capital expenditures | $11.0M | $2.8M | $8.2M | +293% |
Questions
How much did MSCI's revenue grow quarter over quarter in Q2 2026?
MSCI's revenue rose $16.2M (+2%) from $851M in Q1 2026 to $867M in Q2 2026. Operating margin 56.2% against 53.7% (+2.5 pts).