The company said total operating revenues for the 3 months ended September 30, 2026 rose 12.4%, or $98.6 million, and rose 12.9%, or $297.9 million, for the 9 months. Of the 3-month increase, asset-based fees accounted for $49.1 million and recurring subscriptions for $44.5 million.

10-QQuarterly reportFiled Oct 20, 2026Period of report Sep 30, 2026Summary published (UTC) Oct 20, 2026

Key points

AI summary

The company said total operating revenues for the 3 months ended September 30, 2026 rose 12.4%, or $98.6 million, and rose 12.9%, or $297.9 million, for the 9 months. Of the 3-month increase, asset-based fees accounted for $49.1 million and recurring subscriptions for $44.5 million.
MSCI said Index operating revenues rose 18.1% for the 3 months and 17.8% for the 9 months. Index asset-based fees increased 24.9% for the 3 months and 26.0% for the 9 months. The company cited higher average AUM as the driver, while average basis point fees declined.
The company said net income for the 3 months was $351.0 million ($325.3 million in the same period last year), and net income for the 9 months was $1,099.0 million ($917.6 million in the same period last year). The effective tax rate for the 9 months was 11.0% (17.0% a year earlier). It cited a one-time tax benefit of $88.0 million recognized upon completion of a multi-phased internal legal entity restructuring in Q1 2026 as the factor behind the decline.
As of September 30, 2026, the company had $6.0 billion of Senior Notes and $810.0 million of borrowings under its Revolving Credit Facility, and its Consolidated Leverage Ratio was 2.90:1.00, the company said. On the same date, the remaining authorization under its 2025 Repurchase Program was $1.0 billion.

Summary

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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 Revenue Growth

The company said total operating revenues for the 3 months ended September 30, 2026 rose 12.4%, or $98.6 million, and rose 12.9%, or $297.9 million, for the 9 months. Of the 3-month increase, asset-based fees accounted for $49.1 million and recurring subscriptions for $44.5 million.

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

Index Asset-Based Fee Growth

MSCI said Index operating revenues rose 18.1% for the 3 months and 17.8% for the 9 months. Index asset-based fees increased 24.9% for the 3 months and 26.0% for the 9 months. The company cited higher average AUM as the driver, while average basis point fees declined.

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

Net Income and 9-Month Effective Tax Rate

The company said net income for the 3 months was $351.0 million ($325.3 million in the same period last year), and net income for the 9 months was $1,099.0 million ($917.6 million in the same period last year). The effective tax rate for the 9 months was 11.0% (17.0% a year earlier). It cited a one-time tax benefit of $88.0 million recognized upon completion of a multi-phased internal legal entity restructuring in Q1 2026 as the factor behind the decline.

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

Debt Position and Share Repurchase Capacity

As of September 30, 2026, the company had $6.0 billion of Senior Notes and $810.0 million of borrowings under its Revolving Credit Facility, and its Consolidated Leverage Ratio was 2.90:1.00, the company said. On the same date, the remaining authorization under its 2025 Repurchase Program was $1.0 billion.

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

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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.

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