MSCI Q2 2026: revenue up 12.2%, adjusted EPS misses the $5.04 bar
MSCI grew revenue 12.2% to $867.0 million and adjusted EPS 18.5% to $4.94, yet adjusted EPS still landed below the $5.04 consensus, and the company raised full-year cost guidance. Read the quarter as a strong top line with a slightly softer bottom line: the miss is small, but leverage and rising interest costs leave less room for error. View: Neutral.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $4.69 was up 19.6% and adjusted EPS of $4.94 was up 18.5%, helped by a 5.9% smaller diluted share count of 72.9 million. Both numbers fell short of the $5.04 consensus — adjusted EPS by about $0.10, or 1.9%. Do not compare net income of $342.0 million to last quarter's $406.0 million without noting that Q1 2026 contained an $88 million tax benefit from an internal legal entity restructuring.
Revenue of $867.0 million rose 12.2% from $772.7 million a year earlier, and the company says all of that growth was organic. Recurring subscriptions, the stable core, grew 9.0% to $613.4 million, while asset-based fees jumped 26.6% to $233.1 million on higher linked client assets. Non-recurring revenue fell 20.5% to $20.5 million, but it is only 2.4% of the total, so it barely moves the story.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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