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MSCI · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 12.2% y/y to $867M, operating margin 56.2% vs 55.0%, net income $342M (+12.6% y/y).
Net income
$342M
up 12.6% y/y
Operating revenues
$867M
up 12.2% y/y
Operating income
$488M
up 14.6% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Operating revenues | $867 · +12.2% |
| Cost of revenues | $150 · +8.9% |
| Selling and marketing | $87.4 · +11.8% |
| Research and development | $46 · +4.3% |
| General and administrative | $46.2 · +20.6% |
| Amortization of intangible assets | $43.8 · +0.2% |
| Depreciation and amortization of property, equipment and leasehold improvements | $6.2 · +14.8% |
| Operating income | $488 · +14.6% · 56.2% margin |
| Interest income | $2.5 · −13.8% |
| Interest expense | $71 · +53.7% |
| Other expense (income) | $1.7 · −59.5% |
| Income before provision for income taxes | $417 · +10.5% |
| Provision for income taxes | $75.3 · +1.6% · 18.0% effective rate |
| Net income | $342 · +12.6% · $4.69/sh · 39.4% margin |
Verdict: revenue grew 12.2% y/y to $867M, operating margin 56.2% vs 55.0%, net income $342M (+12.6% y/y).
The Board declared a cash dividend of $2.05 per share for the third quarter of 2026.
Source and notation
Source: MSCI press release, 8-K EX-99.1 of 07/21/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
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- Recurring subscription revenues rose 9.0% year over year, and asset-based fees rose 26.6%.
- Operating income was $488M, a 56.2% margin vs 55.0% a year earlier.
- The effective tax rate was 18.0% vs 19.6% a year earlier.
- Diluted EPS was $4.69 vs $3.92 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
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