明晟 2026年季度报告

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended March 31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 MSCI INC.(Exact Name of Registrant as Specified in its Charter)________________________________________ New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”and “emerging growth company” in Rule 12b-2 of the Exchange Act. FOR THE QUARTER ENDED MARCH31, 2026TABLE OF CONTENTS Part I – Financial Information Item 1.Financial Statements4Condensed Consolidated Statements of Financial Condition as of March 31, 2026 and December 31, 20254Condensed Consolidated Statements of Income for Periods Ended March 31, 2026 and March 31, 20255Condensed Consolidated Statements of Comprehensive Income for Periods Ended March 31, 2026 and March 31,20256Condensed Consolidated Statements of Shareholders’ Equity (Deficit) for Periods Ended March 31, 2026 andMarch 31, 20257Condensed Consolidated Statements of Cash Flows for the Periods Ended March 31, 2026 and March 31, 20258Notes to Condensed Consolidated Financial Statements91. Introduction and Basis of Presentation92. Recent Accounting Pronouncements103. Revenue Recognition104. Earnings Per Common Share115. Acquisitions126. Goodwill and Intangible Assets, Net137. Debt148. Leases159. Shareholders’ Equity (Deficit)1610. Income Taxes1711. Segment Information1712. Subsequent Events20Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations21Item 3.Quantitative and Qualitative Disclosures About Market Risk37Item 4.Controls and Procedures38Part II – Other InformationItem 1.Legal Proceedings39Item 1A.Risk Factors39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39Item 5.Other Information39Item 6.Exhibits40 AVAILABLE INFORMATION Our corporate headquarters is located at 7 World Trade Center, 250 Greenwich Street, 49th Floor, New York, New York, 10007, andour telephone number is (212) 804-3900. We maintain a website on the internet at www.msci.com. The contents of our website are not a part ofor incorporated by reference in this Quarterly Report on Form 10-Q. We file annual, quarterly and current reports, proxy statements and other information with the Securities and Exchange Commission(“SEC”). The SEC maintains a website that contains reports, proxy and information statements and other information that we file electronicallywith the SEC at www.sec.gov. We also make available free of charge, on or through our website, these reports, proxy statements and otherinformation as soon as reasonably practicable following the time they are electronically filed with or furnished to the SEC. To access these,click on the “SEC Filings” link under the “Financial Information” tab found on our investor relations homepage (https://ir.msci.com). We also use our investor relations website ir.msci.com and our social media outlets, such as LinkedIn or X (@MSCI_Inc), as channelsof distribution of Company information. The information we post through these channels may be deemed material. Accordingly, investors should monitor these channels, in addition to following our press releases, SEC filings and public conferencecalls and webcasts. In addition, you may automatically receive email alerts and other information about us when you enroll your email addressby visiting the “Email Alerts” on our investor relations homepage at https://ir.msci.com/email-alerts. The contents of our website, including ourinvestor relations website, and our social media channels are not, however, a part of or incorporated by reference in this Quarterly Report onForm 10-Q. FORWARD-LOOKING STATEMENTS We have included in this Quarterly Report on Form 10-Q, and from time to time may make in our public filings, press releases or otherpublic statements, certain statements that constitute forward-looking statements. In addition, our management may make forward-lookingstatements to analysts, investors, representatives of the media and others. These forward