MSCI Inc. (MSCI) Stock Price & Analysis
MSCI Inc. (MSCI) closed at USD 620.24 on Thursday, October 22, 2026, up 2.61% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 604.46; the Oct 22, 2026 session ranged USD 600.87–624.18 on volume of 653,060 shares. Market capitalization is $45.09B, with a 52-week range of USD 501.08–644.77 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:57 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MSCI.md
Latest Earnings Results (MSCI)
MSCI Inc. (MSCI) reported Q3 2026 results on Oct 20, 2026, 6:46:54 AM ET: adjusted EPS $5.11 vs. estimate $5.03 (beat), revenue $892.00M vs. estimate $888.64M (beat). Source: SEC 8-K filing. Nexqual published it 26 seconds after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | $5.11 (adjusted (non-GAAP) diluted) | $892.0M | Oct 20, 2026, 6:46:54 AM ET · on Nexqual +26 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (MSCI)
- Last four reported quarters (through Sep 30, 2026): revenue $3.43B, net income $1.38B (40.3% margin), free cash flow $1.58B (SEC filings).
- Valuation: P/E 32.6x (avg 39.5x at the last 3 fiscal year-ends), EV/EBITDA 26.6x, net debt $6.46B.
- 6 of 80 tracked superinvestors hold MSCI (13F, Q2 2026): 1 new, 0 added, 3 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $6.4M; 1 not under a Rule 10b5-1 plan ($5.9M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $3.2M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (18 analysts), mean target USD 681.47 (range 550–735).
- Total return with dividends: 1Y +16.8% vs S&P 500 +14.9%; 5Y +1.2% vs S&P 500 +80.3%.
- Next earnings: 2026-10-20, EPS estimate USD 5.09, revenue estimate $914M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MSCI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.04B | $2.25B | $2.53B | $2.86B | $3.13B | $3.43B |
| Operating income | $1.07B | $1.21B | $1.38B | $1.53B | $1.71B | $1.91B |
| Net income | $726M | $871M | $1.15B | $1.11B | $1.20B | $1.38B |
| EPS (diluted) | $8.70 | $10.72 | $14.39 | $14.05 | $15.69 | — |
| Free cash flow | $923M | $1.08B | $1.21B | $1.47B | $1.55B | $1.58B |
| Operating margin | 52.5% | 53.7% | 54.8% | 53.5% | 54.7% | 55.7% |
| Net margin | 35.5% | 38.7% | 45.4% | 38.8% | 38.4% | 40.3% |
| Revenue growth | +20.5% | +10.0% | +12.5% | +12.9% | +9.7% | — |
| Cash + short-term investments | $1.42B | $994M | $462M | $409M | $515M | — |
| Total debt | $4.16B | $4.51B | $4.51B | $4.51B | $6.20B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Sep 30, 2026) (MSCI)
P/E 32.6x · P/S 13.1x · EV/EBITDA 26.6x · EV/Sales 15.0x · P/FCF 28.6x · FCF yield 3.49% · Earnings yield 3.07% · Dividend yield (paid, TTM) 1.29% · Buyback yield (TTM) 4.53% · Net debt $6.46B · EV $51.5B
P/E at fiscal year-ends: Dec 2025 36.6x, Dec 2024 42.7x, Dec 2023 39.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (MSCI)
6 of 80 tracked investors hold MSCI. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 3.24% | $376M | Reduced -27.7% |
| Viking Global | Viking Global Investors | 1.85% | $650M | New position |
| Thomas Gayner | Markel Group | 0.61% | $80.0M | Unchanged |
| Terry Smith | Fundsmith | 0.22% | $30.0M | Reduced -17.3% |
| Jensen Investment Management | 0.09% | $3.6M | Reduced -17.3% | |
| Yacktman Asset Management | 0.08% | $6.1M | Unchanged |
Insider sales (SEC Form 4, open-market, last ~7 months) (MSCI)
2 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-12 | Wiechmann Andrew C. | Chief Financial Officer | 450 | $257K | 2% | Yes (adopted September 3, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-10 | Wiechmann Andrew C. | Chief Financial Officer | 450 | $272K | 2% | Yes (adopted September 3, 2025) | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-24 | Munari Alvise J. | Chief Product Officer | 10,000 | $5.9M | 29.8% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (MSCI)
2 purchases, $3.2M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-02 | Taneja Rajat | Director | 1,786 | $1.0M | 560 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-15 | Fernandez Henry A | Chairman and CEO | 4,000 | $2.2M | 562.4 | Too little history (no open-market trades in 2023) |
Analysts (MSCI)
Consensus Buy (mean 2.00 on a 1–5 scale), 18 analysts; mean target USD 681.47 (low 550, high 735).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | JP Morgan | Target raised | Overweight | $685 → $710 |
| 2026-10-21 | Evercore ISI Group | Target raised | Outperform | $722 → $726 |
| 2026-10-21 | Wells Fargo | Target raised | Overweight | $685 → $720 |
| 2026-10-21 | RBC Capital | Reiterated | Outperform | $655 |
| 2026-10-21 | Morgan Stanley | Target raised | Overweight | $662 → $671 |
| 2026-10-14 | JP Morgan | Target lowered | Overweight | $700 → $685 |
| 2026-10-13 | Morgan Stanley | Target lowered | Overweight | $700 → $662 |
| 2026-09-29 | Wells Fargo | Target lowered | Overweight | $690 → $685 |
| 2026-07-22 | Wells Fargo | Target lowered | Overweight | $700 → $690 |
| 2026-07-22 | Evercore ISI Group | Target lowered | Outperform | $746 → $722 |
| 2026-07-22 | JP Morgan | Target lowered | Overweight | $742 → $700 |
| 2026-07-20 | JP Morgan | Target raised | Overweight | $700 → $742 |
Total return (dividends reinvested) (MSCI)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +16.8% | +1.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.8% | +0.2% |
| Volatility (annualized) | 30.8% | 30.4% |
| Max drawdown | -18.1% (Feb 2026→Feb 2026) | -41.5% (Oct 2021→Jun 2022) |
MSCI revenue by business segment (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total reportable segment operating revenues | $817.3M | 91.6% | +13.0% |
| — Index (part of Total reportable segment operating revenues) | $532.6M | 59.7% | +18.1% |
| — Analytics (part of Total reportable segment operating revenues) | $191.0M | 21.4% | +4.8% |
| — Sustainability and Climate (part of Total reportable segment operating revenues) | $93.7M | 10.5% | +4.0% |
| All Other - Private Assets | $74.7M | 8.4% | +6.7% |
| Total revenue | $892.0M | 100% | — |
MSCI revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Recurring subscriptions | $269.5M | 30.2% | +11.1% |
| Asset-based fees | $246.6M | 27.6% | +24.9% |
| Non-recurring | $16.5M | 1.8% | +48.6% |
| Total revenue | $892.0M | 100% | — |
MSCI revenue by region (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total Americas | $395.7M | 44.4% | +10.2% |
| — United States (part of Total Americas) | $356.0M | 39.9% | +9.8% |
| — Other (part of Total Americas) | $39.7M | 4.5% | +14.1% |
| Total EMEA | $361.3M | 40.5% | +15.2% |
| — Other (part of Total EMEA) | $197.4M | 22.1% | +12.5% |
| — United Kingdom (part of Total EMEA) | $163.9M | 18.4% | +18.7% |
| Total Asia & Australia | $135.0M | 15.1% | +11.7% |
| — Other (part of Total Asia & Australia) | $98.2M | 11.0% | +11.2% |
| — Japan (part of Total Asia & Australia) | $36.8M | 4.1% | +12.9% |
| Total revenue | $892.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MSCI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Intel (INTC) | “Private Capital Intel provides extensive private capital data with coverage of historical profiles, sourced directly from limited partners and supports benchmarking, market analysis and performance evaluation.” |
Quoted from the company's 10-K filed Feb 6, 2026.
MSCI customer concentration
In the period ended Sep 30, 2026, a single direct customer accounted for 11.8% of revenue, per the company's 10-Q filed Oct 20, 2026. The company does not name it.
MSCI company outlook (results filed Oct 20, 2026)
- “MSCI's guidance for the year ending December 31, 2026 ("Full-Year 2026") is based on assumptions about a number of factors, in particular related to macroeconomic factors and the capital markets.”
Quoted word-for-word from the SEC 8-K results press release.
MSCI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $5.09 | $5.18 | -1.6% | $913.9M | 14 |
| Next quarter (ends Mar 2027) | $5.30 | $5.36 | -1.1% | $929.7M | 13 |
| Current fiscal year (ends Dec 2026) | $19.66 | $19.66 | +0.0% | $3.52B | 17 |
| Next fiscal year (ends Dec 2027) | $22.39 | $22.43 | -0.2% | $3.84B | 18 |
MSCI options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 24.8% | ±5.6% |
| Dec 18, 2026 | 56 | 24.6% | ±7.8% |
| Jan 15, 2027 | 84 | 24.9% | ±9.7% |
| Mar 19, 2027 | 147 | 27.3% | ±13.8% |
| Jun 17, 2027 | 237 | 28.3% | ±18.1% |
30-day implied volatility 25.5% vs 25.3% realized over the last 30 trading days. Put/call ratio (volume) 0.77. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:57 UTC)
| Price | USD 620.24 |
|---|---|
| Change | ▲ 2.61% (up) |
| Previous Close | USD 604.46 |
| Open | USD 605.15 |
| Day Range | USD 600.87 – 624.18 |
| 52-Week Range | USD 501.08 – 644.77 |
| Volume | 653,060 shares |
| Market Cap | $45.09B |
| Exchange | NYQ |
Technical Analysis (MSCI)
Nexqual's technical model rates MSCI "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:57 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 71.72 (overbought) |
| vs SMA50 | Above (USD 561.25) |
| MACD | 11 (positive) |
Analyst Ratings (MSCI)
Wall Street analysts rate MSCI "Buy" based on 18 analysts, with a mean price target of USD 681.47 (range USD 550–735), per Nexqual as of October 23, 2026 at 09:57 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 681.47 |
| High Target | USD 735 |
| Low Target | USD 550 |
| Buy / Hold / Sell | 16 / 1 / 1 |
Earnings (MSCI)
| Next Earnings Date | 2026-10-20 |
|---|---|
| EPS Estimate | USD 5.09 |
| Revenue Estimate | $913.89M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 5.11 vs est 5.03 ▲ beat |
| 2026-06-30 | USD 4.94 vs est 4.98 ▼ miss |
| 2026-03-31 | USD 4.55 vs est 4.46 ▲ beat |
| 2025-12-31 | USD 4.66 vs est 4.59 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financials & Fundamentals (MSCI)
| Total Revenue | $3.43B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.40% |
| Gross Margin | +82.89% |
| Operating Margin | +56.41% |
| Profit Margin | +40.31% |
| Current Ratio | 0.83 |
| Total Cash | $257.40M |
| Total Debt | $6.89B |
| Free Cash Flow (last four quarters to Sep 2026, SEC 10-Q / 10-K) | $1.58B (45.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Financial Health Score (MSCI)
Nexqual rates MSCI Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:57 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 83%, operating 56% (last 12 months) |
| Balance Sheet | Mixed — $261M cash and investments vs $6.72B debt (Sep 2026, SEC) |
| Cash Flow | Strong — FCF $1.58B (last 4 quarters to Sep 2026, SEC), 46% margin |
| Efficiency | Mixed — No data |
Ownership (MSCI)
| Insider Ownership | +3.66% |
|---|---|
| Institutional Ownership | +96.55% |
| Shares Outstanding | 72.70M |
| Float | 67.88M |
| Short % of Float | +3.20% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
Leadership (MSCI)
MSCI Inc. is led by Henry A. Fernandez, Chairman, CEO & President, per Nexqual as of October 23, 2026 at 09:57 UTC.
| Chairman, CEO & President | Henry A. Fernandez |
|---|---|
| CFO & Interim Principal Accounting Officer | Andrew Craig Wiechmann |
| Head of Client Segments & Chief Product Officer | Alvise J. Munari |
| COO, Chief Transformation Officer & Head of Analytics | Jorge Mina |
| CTO & Head of Product Engineering | Kashi Kakarla |
Major Backers & Investors (MSCI)
Notable institutional backers of MSCI Inc. include BAMCO Inc., Morgan Stanley, T. Rowe Price, according to Nexqual as of October 23, 2026 at 09:57 UTC.
Active Investors
| Investor | Stake |
|---|---|
| BAMCO Inc. | 4.49% |
| Morgan Stanley | 2.98% |
| T. Rowe Price | 2.87% |
| BARON SELECT FUNDS-Baron Partners Fund | 1.89% |
| Viking Global | 1.62% |
| Principal Financial Group, Inc. | 1.58% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 12.32% |
| BlackRock | 7.65% |
| State Street | 4.47% |
| Geode Capital | 2.73% |
Source: Nexqual, October 23, 2026 at 09:57 UTC.
From MSCI Inc.'s Latest SEC 10-K Filing (filed 2026-02-06)
Key Strengths & Strategy (as disclosed to the SEC)
- We are focused on supporting investors' total portfolio needs across asset classes through our integrated solutions.
- We use advanced technology, including AI, to strengthen data quality, expand coverage and accelerate how we deliver insights generated from our proprietary content.
- Our clients can access our Analytics tools and content through our proprietary applications and APIs, third-party applications or directly through their own platforms.
- We have developed AI-enabled solutions including AI Portfolio Insights, which features a generative AI-powered interface to help deliver risk and portfolio insights, and GeoSpatial Asset Intelligence, which incorporates AI-driven data processing to help clients analyze location-specific exposures.
Partnerships
- We regularly consult with clients and other market participants to discuss their needs, investment trends and implications for our research, product development and client servicing goals. •Proprietary content, delivered at scale through flexible technology and AI.
- Our client coverage team maintains trusted relationships with senior executives and investment professionals.
Legal & Regulatory Risks (Item 1A, quoted)
- Failure to comply with laws, rules or regulations, or the introduction of new or revised laws, rules or regulations could materially adversely affect our business, financial condition or results of operations.
- Failure to comply with any applicable laws, rules, regulations, executive or administrative orders or other governmental requirements, or industry codes of conduct, could subject us to litigation, regulatory actions, sanctions, fines or other penalties, as well as damage our brand and reputation.
- Changes to the laws, rules and regulations applicable to our clients could limit our clients' ability to use our products and services or could otherwise impact our clients' demand for our products and services.
- Our ability to comply with applicable laws and regulations depends on maintaining an effective compliance program, which can be time-consuming and costly, as well as on our ability to attract and retain qualified compliance personnel.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| COIN | Coinbase Global, Inc. | USD 169.09 | ▼ 4.51% |
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| CBOE | Cboe Global Markets, Inc. | USD 327.72 | ▲ 2.79% |
| MCO | Moody's Corporation | USD 491.05 | ▲ 2.08% |
| ICE | Intercontinental Exchange Inc. | USD 163.84 | ▲ 3.9% |
| CME | CME Group Inc. | USD 305.98 | ▲ 3.45% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:57 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt