Msci Q4 Profit Beats Estimates On Asset: based fee growth

MSCI

28/01/2026 11:53

Overview

Financial data provider's Q4 revenue rose 10.6%, slightly beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations, rising 11.5%

Company repurchased $2.47 bln in shares during full year 2025

Outlook

MSCI expects full-year 2026 operating expenses between $1,490 mln and $1,530 mln

Company anticipates full-year 2026 adjusted EBITDA expenses of $1,305 mln to $1,335 mln

MSCI forecasts full-year 2026 capital expenditures of $160 mln to $170 mln

Result Drivers

ASSET-BASED FEES - MSCI's Q4 revenue growth was significantly driven by a 20.7% increase in asset-based fees, primarily from ETFs linked to MSCI indexes

RECURRING SUBSCRIPTIONS - New recurring subscription sales increased by 11.7%, contributing to organic revenue growth

COST MANAGEMENT - Operating margin improved to 56.4% due to operational efficiencies and cost management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$822.53 mln
$819.84 mln (11 Analysts)
Q4 Adjusted EPS
Beat
$4.66
$4.57 (13 Analysts)
Q4 EPS
$3.81
Q4 Net Income
$284.67 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the professional information services peer group is "buy"

Wall Street's median 12-month price target for MSCI Inc is $662.50, about 13.9% above its January 27 closing price of $581.75

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: ID:nBw1xpCPHa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)