MSCI said total operating revenues for the quarter ended September 30, 2025 increased 9.5% (9.0% adjusting for foreign currency exchange rate fluctuations), and Index segment operating revenues increased 11.4%. Index segment asset-based fees increased 17.1%.

10-QQuarterly reportFiled Oct 28, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

MSCI said total operating revenues for the quarter ended September 30, 2025 increased 9.5% (9.0% adjusting for foreign currency exchange rate fluctuations), and Index segment operating revenues increased 11.4%. Index segment asset-based fees increased 17.1%.
The company said total operating expenses for the quarter ended September 30, 2025 increased 6.9% (6.1% adjusting for foreign currency exchange rate fluctuations), and compensation and benefits costs increased 10.5%. It cited increased headcount costs and higher severance costs as key factors.
MSCI said it issued $1.25 billion of 5.25% Senior Unsecured Notes due 2035 on August 8, 2025, and on August 20 amended its Credit Agreement to increase revolving commitments from $1.25 billion to $1.6 billion and extend the availability period to August 20, 2030.
The company said its board approved on October 25, 2025 a new share repurchase program of up to $3.0 billion (the 2025 Repurchase Program). It also declared on October 27 a quarterly cash dividend of $1.80 per share for the 3 months ended September 30, 2025.

Key figures

Quarter ended September 30, 2025

Revenue: $793M
Operating income: $448M
Net income: $325M
EPS: $4.25

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Total Operating Revenues and Index Segment Asset-Based Fees Increase

MSCI said total operating revenues for the quarter ended September 30, 2025 increased 9.5% (9.0% adjusting for foreign currency exchange rate fluctuations), and Index segment operating revenues increased 11.4%. Index segment asset-based fees increased 17.1%.

Source · Based on the MD&A text of the filing

Operating Expenses Increase; Company Cites Key Factors

The company said total operating expenses for the quarter ended September 30, 2025 increased 6.9% (6.1% adjusting for foreign currency exchange rate fluctuations), and compensation and benefits costs increased 10.5%. It cited increased headcount costs and higher severance costs as key factors.

Source · Based on the MD&A text of the filing

2035 Senior Notes Issuance and Credit Agreement Amendment

MSCI said it issued $1.25 billion of 5.25% Senior Unsecured Notes due 2035 on August 8, 2025, and on August 20 amended its Credit Agreement to increase revolving commitments from $1.25 billion to $1.6 billion and extend the availability period to August 20, 2030.

Source · Based on the MD&A text of the filing

New Share Repurchase Program and Quarterly Dividend

The company said its board approved on October 25, 2025 a new share repurchase program of up to $3.0 billion (the 2025 Repurchase Program). It also declared on October 27 a quarterly cash dividend of $1.80 per share for the 3 months ended September 30, 2025.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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