MSCI (MSCI) Company Report

Long-term growth targets reaffirmed: MSCI aims for double-digit subscription revenue growth and low-to-mid teens EBITDA growth, fueled by scalable IP-based solutions and AI-driven reinvestment.
Strong Q3 momentum: Delivered record recurring sales and net new bookings in both Index and Analytics, driven by traction in new client segments alongside core asset manager demand, with a bullish outlook into 2026.
Pricing stability: Contribution from price increases to recurring sales has remained consistent, underpinned by client usage metrics and value from ongoing product innovations, including AI enhancements.
Key segment developments: custom indices and data-set offerings are positioned for growth amid the shift to systematic, personalized portfolios ; analytics subscriptions maintain double-digit growth, led by hedge fund adoption of factor models and expanded AI and fixed-income capabilities.

3 days ago

Transcript

MSCI Reaffirms Double-Digit Growth, Prioritizes Buybacks

MSCI

Revenue Acceleration/Inflection

Share Buyback

MSCI reaffirmed double-digit subscription revenue growth and low- to mid-teens EBITDA growth as its long-term targets, driven by its comprehensive multi-asset class indexing, risk models, and analytics frameworks.
Q3 delivered record recurring sales and strong net new bookings in both Index and Analytics, fueled by traction in newer segments such as wealth management, broker-dealers, and hedge funds alongside enhanced solutions for asset managers.
Index subscription growth has slowed due to normalization in the ESG module, but MSCI sees outsized opportunity in custom indices—leveraging AI for personalized, systematic portfolios—and expanding into emerging client segments.
Analytics subscriptions continue double-digit growth, propelled by factor model adoption among hedge funds and broader demand from asset managers and trading firms, with momentum expected to be sustainable.
Capital allocation remains focused on share repurchases and selective bolt-on acquisitions, while reinvesting AI-driven productivity gains into R&D to support future growth and profitability.

3 days ago

Transcript

MSCI outlines growth strategy at UBS’s 2025 Global Technology and AI Conference

MSCI

Share Buyback

MSCI targets double-digit subscription revenue growth and low- to mid-teens EBITDA growth, leveraging its end-to-end benchmarks, risk models and analytics across all asset classes to capture the shift toward systematic, customized portfolios.
The company reported record Q3 recurring sales and net new bookings in both Index and Analytics, and remains bullish on momentum entering Q4 2025 and into 2026 despite not providing formal guidance.
In the Index segment, growth in the ESG module has slowed into single-digit rates, but MSCI is offsetting this with custom index solutions and expanding into wealth management, broker-dealers and hedge funds.
The Analytics business has delivered sustained double-digit subscription growth, driven by hedge fund adoption of factor models, AI insights and enhanced fixed-income capabilities.
Capital allocation remains focused on share repurchases, selective bolt-on acquisitions and reinvesting AI-driven productivity gains to fund innovation while maintaining profitability.

3 days ago

Transcript

Abaxx Technologies Inc. added to MSCI Canada Small Cap Index

MSCI

Abaxx Technologies Inc. was added to the MSCI Canada Small Cap Index effective November 24, 2025, which tracks the small-cap segment representing approximately 14% of Canada’s free float-adjusted market capitalization.
Abaxx is a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., owner of Abaxx Commodity Exchange and Clearinghouse, and producer of the SmarterMarkets™ Podcast.
Inclusion reflects Abaxx’s commercial progress: revenue-generating exchange, the only physically-backed LNG forward curves trading globally, and launch of Digital Title pilot programs for tokenized gold, money market funds, and in-transit commodities.

Nov 24, 2025, 12:00 PM

Press Release

MSCI outlines GenAI strategy and analytics growth at tech conference

MSCI

Product Launch

New Projects/Investments

MSCI is embedding GenAI internally—achieving 50%-60% gains in code refactoring and data sourcing—and externally via AI Insights, which allows clients to query portfolio risk and performance using natural language.
AI Insights is bundled into MSCI’s risk offering to enhance client retention, pricing power, and new sales, while MSCI is developing connectors (e.g., MCP) to deliver AI-ready data through third-party LLMs such as Claude and ChatGPT.
The analytics segment (run rate: 40% asset managers, 20% hedge funds, 20% banks/broker-dealers) has driven strong net subscription growth, supported by the launch of a private credit factor model covering 1,500 funds, now integrated into MSCI’s multi-asset class framework.
MSCI is consolidating its offerings on the MSCI One platform, unifying sustainability, index, private asset, and risk analytics, while preserving an open distribution model that meets clients on their preferred channels.

Nov 19, 2025, 7:40 PM

Transcript

MSCI highlights AI-driven analytics expansion at 2025 Tech Conference

MSCI

Product Launch

New Projects/Investments

MSCI is embedding GenAI across its operations—using tools like GitHub Copilot and Replit—to accelerate coding, data sourcing, and code refactoring by 50–60% in many workflows.
It released AI Insights v2, a multi-asset-class agent that lets clients query portfolios in natural language (e.g., tracking error charts, top risk contributors) in real time, bundling it into its risk offering to bolster pricing, retention, and new-client wins.
Subscription growth on the analytics side was driven by a diversified client mix: 40% asset managers, 20% hedge funds, 20% banks/broker-dealers, 15% asset owners, plus emerging wealth clients—leveraging consolidation plays and AI-enabled friction reduction.
The newly launched private credit factor model covers 1,500 funds and is integrated into MSCI’s multi-asset-class framework, enabling holistic allocation and risk analytics for pension funds, sovereign wealth funds, and superannuation plans.
MSCI is accelerating cross-product integration—embedding factor risk analytics into private-asset platforms and evolving its content hub for self-service and AI-driven discovery—positioning the firm as a one-stop analytics solution.

Nov 19, 2025, 7:40 PM

Transcript

MSCI outlines GenAI integration and analytics expansion at Global Technology Conference 2025

MSCI

Product Launch

MSCI leverages generative AI internally across engineering and data workflows, achieving 50–60% efficiency gains in code refactoring and data sourcing.
AI Insights v2 launched as a multi-asset natural-language analytics tool for real-time portfolio queries, bundled into MSCI’s risk offering to enhance pricing power and client retention.
Expanded private asset analytics with a new private credit factor model, integrated into MSCI’s multi-asset frameworks to support holistic allocation, risk modeling and performance attribution for asset owners.
Analytics run-rate by client: 40% asset managers, 20% hedge funds, 20% banks/broker-dealers, 15% asset owners, 5% others; AI-driven tools reduce implementation friction and drive net subscription growth.
MSCI One is evolving into a unified platform hosting analytics, indexes, sustainability and private asset data—with embedded AI—to promote self-service discovery and frictionless distribution.

Nov 19, 2025, 7:40 PM

Transcript

MSCI outlines aggressive buybacks and new products at USIC 2025

MSCI

Share Buyback

Product Launch

Opportunistic share repurchases following recent bond issuances have positioned MSCI’s leverage solidly within its target range of 3–3.5× EBITDA.
$25 million of year-to-date bookings (≈13% of total) derive from products launched since 2023, reflecting an accelerated pace of new-product sales.
Broad product innovation spans custom indices (e.g., Venture Index) and advanced analytics (Next-Gen Factor Model), plus private-asset solutions like the PAC classification standard and Moody’s credit-scoring partnership.
Institutional clients increasingly adopt private capital indexes for performance benchmarking over public-market proxies, driving MSCI’s development of frozen versus unfrozen benchmarks for private assets.
The MSCI World Index has captured significant flows into European-listed ETFs, underscoring MSCI’s leadership in international ETF exposures in Europe.

Nov 18, 2025, 7:40 PM

Transcript

MSCI outlines opportunistic buybacks and innovation at USIC 2025

MSCI

Share Buyback

Product Launch

Revenue Acceleration/Inflection

Capital allocation: MSCI opportunistically issued bonds in August and recently to bring leverage to the 3–3.5× target range, boosting cash and enabling aggressive share repurchases guided by cash availability, share-price volatility, and value overlays.
New product sales: Through 3Q 2025, $25 million of bookings (≈13% of total) stemmed from products launched since 2023, including custom indices, the Venture Index, private credit scoring, PACs, next-gen factor models, and AI-driven private-asset insights.
Private markets benchmarking: MSCI is developing fit-for-purpose private-asset indexes and benchmarks across private equity, credit, and infrastructure—offering both frozen (cohort) and dynamic indexing to address reporting lags and drive LP adoption.
AI integration: AI-forward clients are heavier consumers of MSCI’s content and analytics engines, creating upsell opportunities and informing future pricing strategies.
European ETF traction: The MSCI World Index captures a major share of new European-listed ETF flows, becoming the de facto benchmark for international allocations as ETFs gain traction amid evolving savings norms and broader index offerings.

Nov 18, 2025, 7:40 PM

Transcript

MSCI discusses capital allocation and product innovation at JPM Ultimate Services 2025

MSCI

Debt Issuance

Share Buyback

Product Launch

MSCI opportunistically issued bonds in August and again recently to bring leverage into its 3–3.5× targeted range, and has been aggressively repurchasing shares based on elevated cash levels and stock volatility.
Year-to-date through 3Q 2025, $25 million (≈13% of total bookings) stemmed from products launched since 2023, including custom and Venture indexes, Next-Gen Factor Model analytics, private asset classification standards (PACS), private credit scoring with Moody’s, and active ETF solutions.
MSCI is building fit-for-purpose private markets benchmarks—covering frozen/unfrozen indexes, standard classifications and robust valuation data—to replace public-market proxies, address reporting lags, and better serve LP performance benchmarking.
AI-forward clients are higher consumers of MSCI content across index and analytics offerings, driving increased usage and upsell opportunities as firms integrate MSCI’s engines into their AI-driven risk and portfolio workflows.
The MSCI World Index remains the top choice for European-listed ETF inflows, with MSCI capturing a majority of new cash flows as investors embrace systematic and fee-competitive ETF solutions.

Nov 18, 2025, 7:40 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for MSCI.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Henry Fernandez say about margins?What are MSCI's strategic priorities?How is MSCI positioned vs competitors?How did MSCI do last quarter?

Let Fintool AI Agent track MSCI's earnings for you

Get instant analysis when filings drop