| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 25 | 30.5x | 17.8x | Bottom tier | |
Growth | 68 | 11.6% | 7.1% | Top tier | |
Quality | 6 | — | — | Bottom tier | |
Safety | 2 | — | — | Bottom tier | |
Capital Return | 63 | 1.39% | 2.12% | Around median | |
Momentum | 50 | -1.3% | 2.9% | Around median | |
Sentiment | 92 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
MSCI provides data, indexes, models, and analytical tools used across the global investment process, and generates revenue from subscriptions and fees linked to the value of assets in products tied to its indexes. Its business drivers include Index, Analytics, Private Assets and Real Estate Solutions, and Sustainability and Climate; in FY 2026 Q2, organic subscription run-rate growth exceeded 8% with a retention rate above 95%, while the asset-based fee run rate reached $948 million and grew 25%.
In FY 2026 Q2, MSCI reported revenue of $867.0 million, net income of $342.0 million, and earnings per share of $4.69, equivalent to a calculated net income margin of approximately 39.4%. Compared with FY 2026 Q1, revenue increased from $850.8 million, while net income declined from $406.0 million and earnings per share from $5.53; on a trailing-twelve-month basis in FY 2026, revenue totaled $3.3 billion, net income $1.4 billion, and earnings per share approximately $18.63.
The Index business led the growth mix in FY 2026 Q2, with its total run rate growing 17% and its subscription run rate by more than 11%, alongside 41% growth in recurring new sales and a retention rate above 97%. In Private Capital Solutions, subscription run-rate growth exceeded 16% and recurring new sales grew 57%, while Analytics delivered 7% organic growth in revenue and subscription run rate. By contrast, Sustainability remained under pressure from cancellations, particularly in the Americas, despite approximately 12% growth in the run rate of climate products across MSCI business lines.
The analyst consensus is “Buy,” with an average price target of $701.71 and a wide range between $615 and $760. The average target and the highest target exceed the 52-week range high of $644.77, but the low end of the target range is below it, reflecting differing views on whether growth in Index, private assets, and new products can offset Sustainability pressures and rising expenses. The data does not include a usable price-to-earnings ratio, so the valuation assessment here is based on the target range, the 52-week range, and operating results.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
The Index business and asset-based fees were the most prominent drivers, with the Index run rate growing 17% and the asset-based fee run rate reaching $948 million, up 25%. ETFs linked to MSCI indexes received nearly $40 billion of inflows, increasing their assets to more than $2.8 trillion. The Index retention rate also exceeded 97%, and recurring new sales grew 41%.
MSCI launched more than 80 products during the first two quarters of FY 2026, including Index AI Insights, which exceeded 1,000 clients after its launch in February 2026. Total Plan Manager and Private Capital Intel also allow hundreds of companies and users to access them through their preferred artificial intelligence models. In FY 2026 Q2, the company signed its first license allowing a client to train a model using specified MSCI content, although management described the revenue contribution from this channel through July 21, 2026 as small.
MSCI completed the acquisition of First Street on August 3, 2026 to strengthen its physical climate-risk data and analytics. First Street's data covers more than 2.4 billion structures, according to the acquisition announcement, expanding risk-assessment applications for real estate and investment assets. Management had estimated on the July 21, 2026 call that the transaction would add approximately $10 million to the subscription run rate in the Sustainability and Climate segment when it closed in FY 2026 Q3.
Automated analysis for informational purposes only — not investment advice.
The Sustainability business faced significant cancellations, particularly in the Americas, as clients reduced spending during FY 2026 Q2. Management expects recurring new sales for the combined Sustainability and Climate segment to range from zero to slightly negative during the two quarters following the July 21, 2026 call. By contrast, the run rate of climate products across MSCI business lines grew by approximately 12%, and assets linked to MSCI Sustainability and Climate indexes reached approximately $1.3 trillion, with more than one-third allocated to climate indexes.
Yes, subscription run-rate growth for Private Capital Solutions exceeded 16%, and its recurring new sales grew 57% in FY 2026 Q2. The company signed an agreement with a large public pension fund covering private capital indexes and an expansion of Private Capital Intel, in addition to a seven-figure deal with a sovereign wealth fund for a total portfolio solution. It also announced a partnership with UBS to connect private asset solutions with wealth-management channels, but clarified on July 21, 2026 that the agreement had not yet entered the operating figures.
Revenue increased from $850.8 million in FY 2026 Q1 to $867.0 million in FY 2026 Q2, but net income declined from $406.0 million to $342.0 million. Earnings per share fell from $5.53 to $4.69 between the two periods. Management cited higher compensation and bonus accruals, increased investment in growth areas, and the impact of acquisitions, while noting that the comparison of Analytics expenses was also affected by the reversal of a contingent consideration item related to the Fabric acquisition in the prior period.
