MSCI(NYSE) MSCI

MSCI Inc. helps professional investors manage money. It creates tools to track investment risks and rewards. Banks use these tools to build financial products.

Investment Tools and Data

• Index: Investment benchmarks used for creating ETFs and mutual funds; generated $1,007.3 million in operating revenues for the six months ended June 30, 2026.
• Analytics: Risk management and portfolio oversight software; produced $379.4 million in operating revenues during the six months ended June 30, 2026.
• Sustainability and Climate: Ratings and data for environmental and social factors; accounted for $183.8 million in operating revenues for the first half of 2026.
• Private Assets: Market data and analytics for real estate and private capital; contributed $147.3 million in operating revenues for the six months ended June 30, 2026.

Strategic Acquisitions and Restructuring

• Acquired Compass and PM Insights to expand its Index segment capabilities.
• Purchased Vantager to strengthen data offerings within the Private Assets division.
• Acquired Fabric RQ, Inc. to enhance its portfolio analysis technology.
• Completed a multi-phased internal legal entity restructuring in March 2026.
• Declared a quarterly cash dividend of $2.05 per share in July 2026.

Global Scale and Client Focus

The company supports approximately 6,800 clients across more than 100 countries. It manages costs by locating 71% of its workforce in emerging market centers. Its largest client, BlackRock, accounted for 11.8% of consolidated operating revenues during the first half of 2026.

Key Performance Metrics

• Total operating revenues were $1,717.8 million for the six months ended June 30, 2026, up 13.1% year over year.
• Net income reached $748.0 million for the six-month period ended June 30, 2026, up 26.3% year over year.
• Adjusted EBITDA margin reached 60.7% during the six months ended June 30, 2026.
• Market cap was $40.9 billion in the second quarter of 2026.
• The total subscription retention rate was 95.3% for the six-month period ended June 30, 2026.

Bottom Line

MSCI has transitioned from a traditional index provider to a global source of complex investment data. Its focus on recurring subscriptions and climate analytics supports its long-term operational stability.