Citable filing context
MSCI's research view summarizes recent SEC filing context, starting with management_change from Aug 7, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 7, 2026 | management_change | MSCI appointed CFO Andrew C. Wiechmann as interim principal accounting officer and Kristine Johnson as interim Global Controller. |
| Jul 21, 2026 | earnings | MSCI Inc. reported financial results for the second quarter ended June 30, 2026. |
| Apr 23, 2026 | other | MSCI Inc. reported voting results from its April 21, 2026 annual meeting, electing directors and approving executive compensation. |
| Jul 21, 2026 | Guidance: adjusted_ebitda_expense | 1340.00 to 1370.00 |
| Jul 21, 2026 | Guidance: capital_expenditures | 160.00 to 170.00 |
| Jul 21, 2026 | Guidance: depreciation_and_amortization_expense | 195.00 to 205.00 |
| Jul 21, 2026 | mda_quarterly | MSCI’s financial performance for the first half of 2026 reflects strong growth, with total operating revenues rising 13.1% to $1.72 billion. This growth was driven by a 26.6% surge in asset-based fees—primarily from ETFs and non-ETF funds linked to MSCI equity indexes—and an 8.8% increase in recurring subscription revenues. The Index segment remains the primary revenue driver, contributing over 58% of total operating revenue. Profitability remains robust, with consolidated Adjusted EBITDA increasing to $1.04 billion, representing a 60.7% margin. The company continues to execute a growth strategy centered on strategic acquisitions, including Vantager, Compass Financial Technologies, and PM Insights, which bolster its capabilities in private market data, AI-enabled due diligence, and multi-asset index services. Liquidity remains sufficient to support operations and capital allocation, with $356.4 million in cash and a $1.6 billion revolving credit facility. Management continues to prioritize shareholder returns, repurchasing $544.3 million in common stock during the first half of 2026, with $1.6 billion remaining under the current authorization. Key risks include sensitivity to market volatility affecting AUM-linked fees and the integration of recent acquisitions. BlackRock remains a significant customer, accounting for 11.8% of consolidated operating revenues. |
| Apr 21, 2026 | mda_quarterly | Operating revenues for the first quarter of 2026 increased 14.1% to $850.8 million, driven by strong performance in the Index segment, which grew 17.7% to $496.3 million. This growth was primarily fueled by a 26.6% increase in asset-based fees and a significant rise in average AUM for equity index ETFs to $2.47 trillion. Analytics and Sustainability and Climate revenues grew 10.3% and 8.6%, respectively, supported by Multi-Asset Class tools and Climate Ratings. Net income rose 40.7% to $406 million, benefiting from an $88 million discrete tax benefit following a legal entity restructuring. Operating expenses increased 6.8% to $393.9 million, reflecting higher headcount costs and professional fees. Strategic expansion continued with the $71.4 million acquisitions of Vantager, an AI-enabled private markets platform, and Compass, an index services provider. The company maintains a consolidated leverage ratio of 2.94:1.00 and has $1.7 billion remaining in its 2025 share repurchase program. BlackRock remains the largest client, accounting for 11.7% of consolidated operating revenues. |
Source: SEC EDGAR filing text and events; period Aug 7, 2026; filed Aug 7, 2026.
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