MSCI
FY2026 Q2 · Calendar Q3 2026
MSCI Inc.
MSCI delivered solid Q2 2026 fundamentals—organic revenue growth above 12%, adjusted EPS up 19%, and asset-based fee run rate reaching $948M driven by ETF inflows nearing $40B. Despite this, the stock fell roughly 11% on report day at 2.8x normal volume. The sell-off is consistent with a slight EPS and revenue miss versus consensus (EPS $4.94 vs. $4.99 estimated; revenue $867M vs. $871M estimated), raised expense guidance tied to the First Street acquisition and compensation accruals, and near-term headwinds in the Sustainability & Climate segment where flat to slightly negative net new sales are expected. The stock has since partially recovered, drifting approximately 4% higher in subsequent sessions. Management maintained a confident tone, highlighting AI-driven product launches, the new UBS private-asset partnership, and the First Street climate-risk acquisition. With a quality…
EPS surprise-1.0%
Market move-10.1%
