Form 10-Q · Quarterly report
MSCI 10-Q, filed Oct 20, 2026
- Filed
- CIK
- 0001408198
- Accession no.
- 0001408198-26-000056
Summary
MSCI reported third-quarter 2026 operating revenues of $892.0 million, with Index segment revenue of $532.6 million, up 18.1% from a year earlier, driven partly by a 24.9% rise in asset-based fees. For the nine months ended September 30, 2026, BlackRock accounted for 11.8% of MSCI's consolidated operating revenues, and MSCI recorded no goodwill impairment.
Key points
- Total operating revenues for the three months ended September 30, 2026 were $892.0 million, with recurring subscriptions of $623.6 million versus $579.1 million a year earlier and asset-based fees of $246.6 million versus $197.5 million.
- Index segment revenue rose 18.1% to $532.6 million in the quarter and 17.8% to $1,539.9 million for the nine months, while Analytics revenue rose 4.8% to $191.0 million in the quarter.
- BlackRock accounted for 11.8% of consolidated operating revenues for the nine months ended September 30, 2026, with 96.7% of that from fees based on assets in BlackRock ETFs and non-ETF products tied to MSCI indexes.
- No goodwill impairment was recorded for the nine months ended September 30, 2026; the Private Capital Solutions reporting unit's fair value exceeded its $629.4 million carrying value by about 21% as of July 1, 2026, and MSCI served roughly 6,900 clients in more than 100 countries.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview 24 Critical Accounting Policies and Estimates 25 Results of Operations 26 Segment Results 32 Liquidity and Capital Resources 39 Cash Flows 40 The following discussion and analysis of the financial condition and results of operations should be read in conjunction with the condensed consolidated financial statements and related notes included elsewhere in this Form 10-Q and in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Form 10-K”). This discussion contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those discussed below. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.