Filing Flows › MSCI (MSCI) › Q3 2026
MSCI (MSCI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 20, 2026
MSCI (MSCI) reported revenue of $892M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +3% from the quarter before. Operating margin was 56.3%, net earnings $351M (39.3% of revenue).
MSCI, Q3 2026: revenue $892M (+12% year over year), operating margin 56.3%, net earnings $351M, operating cash flow $436M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $892M | +3% | +12% |
| Operating profit | $502M | +3% | +12% |
| Net earnings | $351M | +3% | +8% |
| Operating cash flow | $436M | +18% | -3% |
| Free cash flow | $423M | +17% | -5% |
What changed
Revenue was $892.0M in Q3 2026, up 12% year over year and up 3% from the previous quarter.
Operating profit was $502.1M, a 56.3% margin (down 0.1 points year over year). Of the extra revenue versus Q3 2025, 55% reached operating profit, below the 56% margin then. Total costs grew 13% against revenue growth of 12%. The fastest-growing cost line was General & admin (+15%). Net earnings were $351.0M, up 8% year over year. The effective tax rate was 18.0%.
Operating cash flow was $436.1M (down 3% year over year), 124% of net earnings. Non-cash charges added back $51.7M of depreciation and amortization and $27.5M of share-based compensation. Capital expenditures of $13.4M left free cash flow of $422.7M.
Questions
What was MSCI's revenue in the third quarter 2026?
MSCI (MSCI) reported revenue of $892M for the third quarter 2026 (Q3 2026), +12% from a year earlier and +3% from the quarter before.
Was MSCI profitable in the third quarter 2026?
Operating profit was $502M (56.3% of revenue) and net earnings $351M.
Source: MSCI 10-Q on SEC EDGAR.