Filing Flows › MSCI (MSCI) › Q3 2026 › vs Q2 2026
MSCI (MSCI) Q3 2026 vs Q2 2026 (quarter over quarter)
MSCI's revenue rose $25.0M (+3%) from $867M in Q2 2026 to $892M in Q3 2026. Operating margin 56.3% against 56.2% (+0.1 pts).
MSCI, Q3 2026: revenue $892M (+12% year over year), operating margin 56.3%, net earnings $351M, operating cash flow $436M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 56.3% | 56.2% | +0.1 pts |
| Net margin | 39.3% | 39.4% | -0.1 pts |
| Free cash flow margin | 47.4% | 41.5% | +5.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $892M | $867M | $25.0M | +3% |
| Operating profit | $502M | $488M | $14.6M | +3% |
| Costs & expenses | $390M | $380M | $10.4M | +3% |
| Pre-tax earnings | $428M | $417M | $10.6M | +3% |
| Other expense, net | $74.2M | $70.2M | $4.0M | +6% |
| Cost of revenue | $152M | $150M | $2.3M | +2% |
| Research & development | $47.6M | $46.0M | $1.6M | +3% |
| Sales & marketing | $90.2M | $87.4M | $2.8M | +3% |
| General & admin | $48.2M | $46.2M | $2.0M | +4% |
| Other operating costs | $51.7M | $50.0M | $1.7M | +3% |
| Net earnings | $351M | $342M | $9.0M | +3% |
| Income tax | $76.9M | $75.3M | $1.6M | +2% |
| Depreciation & amortization | $51.7M | $50.0M | $1.7M | +3% |
| Share-based compensation | $27.5M | $25.4M | $2.1M | +8% |
| Working capital & other | $5.9M | −$46.6M | $52.5M | — |
| Operating cash flow | $436M | $371M | $65.3M | +18% |
| Free cash flow (OCF − capex) | $423M | $360M | $62.9M | +17% |
| Capital expenditures | $13.4M | $11.0M | $2.4M | +22% |
Questions
How much did MSCI's revenue grow quarter over quarter in Q3 2026?
MSCI's revenue rose $25.0M (+3%) from $867M in Q2 2026 to $892M in Q3 2026. Operating margin 56.3% against 56.2% (+0.1 pts).