Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Market-linked fees now drive the growth
Fees tied to fund assets grew 24.9% against 7.7% for subscriptions, so markets now steer a larger share of revenue.
For investorsWhat MSCI's index revenue depends on from here
For foundersBecoming the standard others are measured against
Operating income grew 12.2% but net income only 7.9%, as interest on higher debt took a larger slice.
Revenue rose 12.4% on an almost unchanged team, and the filing credits AI tools and lower-cost centers for containing pay costs.
Index subscriptions renewed at an annualized 97.1%, up from 95.8%, a sign of how deeply clients build benchmarks into their work.
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Business Lens describes MSCI from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
