MSCI 2026年Q3财报：EPS与营收小幅超预期，但全年指引未上调，盘前股价反跌约2.4%

MSCI press release ( MSCI ): Q3 Non-GAAP EPS of $5.11 beats by $0.08 . Revenue of $892M (+12.4% Y/Y) beats by $3.36M . Operating revenues were $892.0 million, up 12.4%. Organic operating revenue growth was 12.3%. The $98.6 million increase was the result of $49.1 million in higher asset-based fees, $44.5 million in higher recurring subscription revenues and $5.0 million in higher non-recurring revenues. Recurring subscription revenues up 7.7%; Asset-based fees up 24.9% Organic recurring subscription Run Rate growth of 8.7%; Retention Rate of 95.0% Guidance Item Current Guidance for Full-Year 2026 Prior Guidance for Full-Year 2026 Operating Expense $1,535 to $1,575 million $1,535 to $1,575 million Adjusted EBITDA Expense $1,340 to $1,370 million $1,340 to $1,370 million Interest Expense (including amortization of financing fees)1 $288 to $291 million $282 to $286 million Depreciation & Amortization Expense $195 to $205 million $195 to $205 million Effective Tax Rate2 18.0% to 19.5% 18.0% to 20.0% Capital Expenditures $160 to $170 million $160 to $170 million Net Cash Provided by Operating Activities $1,655 to $1,705 million $1,655 to $1,705 million Free Cash Flow $1,485 to $1,545 million $1,485 to $1,545 million Click to enlarge