Filing Flows › MSCI (MSCI) › Q2 2026
MSCI (MSCI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 21, 2026
MSCI (MSCI) reported revenue of $867M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +2% from the quarter before. Operating margin was 56.2%, net earnings $342M (39.4% of revenue).
MSCI, Q2 2026: revenue $867M (+12% year over year), operating margin 56.2%, net earnings $342M, operating cash flow $371M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $867M | +2% | +12% |
| Operating profit | $488M | +7% | +15% |
| Net earnings | $342M | -16% | +13% |
| Operating cash flow | $371M | +21% | +10% |
| Free cash flow | $360M | +18% | +11% |
What changed
Revenue was $867.0M in Q2 2026, up 12% year over year and up 2% from the previous quarter.
Operating profit was $487.5M, a 56.2% margin (up 1.2 points year over year). Of the extra revenue versus Q2 2025, 66% reached operating profit, above the 55% margin then. Total costs grew 9% against revenue growth of 12%. The fastest-growing cost line was General & admin (+21%). Net earnings were $342.0M, up 13% year over year. The effective tax rate was 18.0%.
Operating cash flow was $370.8M (up 10% year over year), 108% of net earnings. Non-cash charges added back $50.0M of depreciation and amortization and $25.4M of share-based compensation. Working capital and other items used $46.6M. Capital expenditures of $11.0M left free cash flow of $359.8M.
Questions
What was MSCI's revenue in the second quarter 2026?
MSCI (MSCI) reported revenue of $867M for the second quarter 2026 (Q2 2026), +12% from a year earlier and +2% from the quarter before.
Was MSCI profitable in the second quarter 2026?
Operating profit was $488M (56.2% of revenue) and net earnings $342M.
Source: MSCI 10-Q on SEC EDGAR.