-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
MSCI posted strong Q1 2026 results with operating EPS of $4.55 vs. $4.00 in the prior year, beating consensus by $0.09, while revenues of $851M (+14% Y/Y) exceeded estimates by $10M. The company achieved two consecutive quarters of double-digit revenue growth after four quarters below 10%, with operating margins expanding 310 bps to 53.7% as expense growth was managed at 6.8%. The Index segment drove performance with $496M in revenues (+18% Y/Y) and strong asset-based fee growth of $225M (+27% Y/Y), supported by robust $103B in quarterly cash inflows. AUM in ETFs linked to MSCI equity indexes reached $2.403T at quarter-end, though basis point fees declined 6 bps Q/Q to a new low of 2.35. Retention rates recovered to the highest level since 2023 at 95.4% after falling to 92.8% in early 2024, with Index leading at 96.9% and Analytics maintaining 95.3%, while net new recurring subscription sales surged 51.7% Y/Y, indicating healthy demand momentum.