April 21 (Reuters) - MSCI reported a rise in its first-quarter profit on Tuesday, helped by a strong performance in its index products and analytics services.
Shares of the company were up 3.8% in trading before the bell. They have lost 1.2% so far in 2026.
The company's stock market indices serve as benchmarks for trillions of dollars in assets held by investment funds, pension plans, and asset managers to measure performance and guide investment decisions.
Here are more details on the earnings report -
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Amid persistent volatility driven by Middle East tensions and broader macroeconomic concerns, investors turned to index products and risk analytics as they rebalanced their portfolios.
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Asset-based fees from MSCI's index segment rose 26.6% to $224.5 million in the quarter ended March 31 from a year earlier.
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Total operating revenue rose 14.1% to $850.8 million.
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The data provider posted an adjusted profit of $4.55 per share, up from $4.00 a year earlier.
Reporting by Pritam Biswas in Bengaluru; Editing by Shinjini Ganguli
Source: Reuters