Filing Flows › MSCI (MSCI) › Q2 2026 › vs Q2 2025
MSCI (MSCI) Q2 2026 vs Q2 2025 (year over year)
MSCI's revenue rose $94.3M (+12%) from $773M in Q2 2025 to $867M in Q2 2026. Operating margin 56.2% against 55.0% (+1.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 56.2% | 55.0% | +1.2 pts |
| Net margin | 39.4% | 39.3% | +0.1 pts |
| Free cash flow margin | 41.5% | 42.0% | -0.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $867M | $773M | $94.3M | +12% |
| Operating profit | $488M | $425M | $62.2M | +15% |
| Costs & expenses | $380M | $347M | $32.1M | +9% |
| Pre-tax earnings | $417M | $378M | $39.5M | +10% |
| Other expense, net | $70.2M | $47.5M | $22.7M | +48% |
| Cost of revenue | $150M | $138M | $12.2M | +9% |
| Research & development | $46.0M | $44.1M | $1.9M | +4% |
| Sales & marketing | $87.4M | $78.2M | $9.2M | +12% |
| General & admin | $46.2M | $38.3M | $7.9M | +21% |
| Other operating costs | $50.0M | $49.1M | $900K | +2% |
| Net earnings | $342M | $304M | $38.3M | +13% |
| Income tax | $75.3M | $74.1M | $1.2M | +2% |
| Depreciation & amortization | $50.0M | $49.1M | $900K | +2% |
| Share-based compensation | $25.4M | $23.2M | $2.2M | +9% |
| Working capital & other | $46.6M | $39.8M | $6.8M | +17% |
| Operating cash flow | $371M | $336M | $34.6M | +10% |
| Free cash flow (OCF − capex) | $360M | $325M | $34.9M | +11% |
| Capital expenditures | $11.0M | $11.3M | −$300K | -3% |
Questions
How much did MSCI's revenue grow year over year in Q2 2026?
MSCI's revenue rose $94.3M (+12%) from $773M in Q2 2025 to $867M in Q2 2026. Operating margin 56.2% against 55.0% (+1.2 pts).