MSCI Inc

MSCI: XNYS (USA)

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MSCI Earnings: Index Subscription Business Strong, but Softness Elsewhere; Expense Outlook Raised

Rajiv Bhatia

Jul 21, 2026

MSCI's organic revenue grew 12% in the second quarter. Net new subscription sales (bookings) were $48 million versus $44 million in the year-ago quarter. MSCI raised its 2026 adjusted EBITDA expense outlook by 2% at the midpoint. The shares dropped 10% in July 21 intraday trading.

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We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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MSCI Inc

MSCI Earnings: Index Subscription Business Strong, but Softness Elsewhere; Expense Outlook Raised

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