Filing Flows › MSCI (MSCI) › Q3 2026 › vs Q3 2025
MSCI (MSCI) Q3 2026 vs Q3 2025 (year over year)
MSCI's revenue rose $98.6M (+12%) from $793M in Q3 2025 to $892M in Q3 2026. Operating margin 56.3% against 56.4% (-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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 56.3% | 56.4% | -0.1 pts |
| Net margin | 39.3% | 41.0% | -1.7 pts |
| Free cash flow margin | 47.4% | 56.1% | -8.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $892M | $793M | $98.6M | +12% |
| Operating profit | $502M | $448M | $54.5M | +12% |
| Costs & expenses | $390M | $346M | $44.1M | +13% |
| Pre-tax earnings | $428M | $396M | $31.4M | +8% |
| Other expense, net | $74.2M | $51.1M | $23.1M | +45% |
| Cost of revenue | $152M | $132M | $19.7M | +15% |
| Research & development | $47.6M | $44.8M | $2.8M | +6% |
| Sales & marketing | $90.2M | $79.9M | $10.3M | +13% |
| General & admin | $48.2M | $41.8M | $6.4M | +15% |
| Other operating costs | $51.7M | $46.8M | $4.9M | +10% |
| Net earnings | $351M | $325M | $25.7M | +8% |
| Income tax | $76.9M | $71.2M | $5.7M | +8% |
| Depreciation & amortization | $51.7M | $46.8M | $4.9M | +10% |
| Share-based compensation | $27.5M | $22.6M | $4.9M | +22% |
| Working capital & other | $5.9M | $54.7M | −$48.8M | -89% |
| Operating cash flow | $436M | $449M | −$13.3M | -3% |
| Free cash flow (OCF − capex) | $423M | $445M | −$22.7M | -5% |
| Capital expenditures | $13.4M | $4.0M | $9.4M | +235% |
Questions
How much did MSCI's revenue grow year over year in Q3 2026?
MSCI's revenue rose $98.6M (+12%) from $793M in Q3 2025 to $892M in Q3 2026. Operating margin 56.3% against 56.4% (-0.1 pts).