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11:00
Jul 21 ◎

MSCI FY2026 Q2 Watch

MSCI Inc. (MSCI) FY2026 Q2 Earnings Call

MSCI BLK COMP SNOW UBS ▾

Henry Fernandez

Management is very bullish on growth outlook driven by new products, hedge fund/trader traction, and AI investment; they are increasing expenses to invest further.

"I'm therefore telling you the opposite right now. The opposite is that we see a big trajectory here."

MSCI WATCH

Andy Wiechmann

The renegotiated BlackRock agreement lowered fee floors on major ETF products, causing a notable drop in MSCI's blended asset-based fee rate in Q1 and continuing pressure from mix shift in Q2. — Indicates BlackRock negotiated lower pricing, which will continue to pressure MSCI's fee rate as AUM grows in lower-fee products.

"As we commented on with the year-end earnings around the new BlackRock agreement, the extension of the BlackRock agreement, There was a change to the floors on certain products, which caused a drop in the first quarter of basis points."

BLK WATCH

Andy Wiechmann

MSCI excludes Compass acquisition contribution when reporting organic custom index run rate growth.

"excluding contributions from the Compass acquisition"

COMP WATCH

Andy Wiechmann

Snowflake is used as a data delivery platform for a large real estate tech client, indicating deepening integration.

"We won a large deal to be the exclusive provider to a large property technology firm that will leverage RCA content and our Global Index Intel offering delivered through Snowflake."

SNOW WATCH

Henry Fernandez

MSCI's new partnership with UBS aims to bring private asset transparency to the wealth management channel, unlocking a new distribution channel for GP data and analytics. — Opens a large new addressable market (wealth LPs) for private asset data, with UBS as a lead partner.

"MSCI announced a new strategic partnership with UBS that will extend the reach of our private assets solutions and enable wealth managers to better connect high net worth clients with GP opportunities while promoting greater transparency"

UBS WATCH

HIGH

11:00
Apr 21 ◎

MSCI FY2026 Q1 Watch

MSCI Inc. (MSCI) FY2026 Q1 Earnings Call

ICE MCO OPENAI ▾

Henry Fernandez

MSCI launched as many new products in Q1 2026 as in all of FY2025, signaling a sharp acceleration in product velocity. — Rapid product expansion likely increases MSCI's competitive moat and creates cross-sell opportunities, potentially pressuring peers like FactSet and benefitting ecosystem partners like ICE and Moody's.

"our new licensing agreement for options on MSCI indices listed on the New York Stock Exchange"

ICE WATCH MCO WATCH

Andy Wishman

MSCI's index AI insights connector integrates with OpenAI's ChatGPT, enhancing the value of MSCI's data and potentially driving broader adoption of OpenAI's models in finance.

"using their preferred AI large language models, such as CLOL and ChatGPT"

OPENAI WATCH

HIGH

11:00
Jan 28 ◎

MSCI FY2025 Q4 Watch

MSCI Inc. (MSCI) FY2025 Q4 Earnings Call

MSCI BLK ▾

Henry Fernandez

Management struck a confident tone, citing record new subscription sales, accelerating index run rate, and a strong innovation pipeline, while reiterating long-term growth targets.

"MSCI is generating impressive momentum across product lines and client segments"

MSCI WATCH

Andy Wishman

MSCI will lower ETF fee floors on certain super-scale BlackRock ETFs by 0.05 bps in each of 2026 and 2027, a total of 0.1 bps at year-end AUM levels, while extending the agreement through 2035. — The fee floor reduction signals that BlackRock's ETF scale now commands lower per-dollar economics, potentially pressuring BlackRock's revenue per AUM, but the long-term contract extension locks in a crucial partner for MSCI and reflects structural fee compression in the ETF ecosystem.

"we are extending the ETF agreement with BlackRock through 2035 to solidify that tremendous future growth"

BLK WATCH

HIGH

11:00
Oct 28 ◎

MSCI FY2025 Q3 Watch

MSCI Inc. (MSCI) FY2025 Q3 Earnings Call

MSCI GS MCO ▾

Henry Fernandez

Management is optimistic that product innovation and expanding client segments are reversing earlier softness, with strong index and analytics sales momentum and a healthy pipeline.

"we feel that the dawn has arrived and we're turning the corner here"

MSCI WATCH

Henry Fernandez

MSCI and Goldman Sachs have co-developed a fund that replicates private equity returns via public equities, reflecting MSCI's ability to create innovative products that generate revenue for active asset managers.

"You saw the recent launch with Goldman Sachs as a management of the private equity tracker fund, which is a very innovative approach to look at our database of private equity, understand the returns and the risk of all of that, and then"

GS WATCH

Henry Fernandez

MSCI is integrating Moody's credit risk models to enhance its private credit transparency and assessment tools, expanding its product suite for a fast-growing asset class.

"We licensed the Moody's credit risk models, we applied them to the MSCI database, and we have launched the credit assessments of a lot of these funds, which are highly needed in this volatile environment in credit that we've been listening"

MCO WATCH

HIGH

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