Financial research concept

Index Data Provider Index Run Rate Growth

measures year-over-year growth in MSCI's issuer-defined Index Run Rate.

By Lee BaileyPublished Oct 2, 2026

Research context

See what supports this page, how current it is, and where comparable or historical context is available.

Research date: Oct 2, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context: 10 connected conceptsPart of the reviewed Index & Data Provider Economics; issuer definitions remain distinct where disclosed.
Company examples: 1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Run Rate is not the same as recognized revenue
Index Run Rate combines subscriptions and asset-based fees
Part of the Index & Data Provider Economics
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Index data provider Index Run Rate growth measures year-over-year growth in MSCI's issuer-defined Index Run Rate.

MSCI reported 17.4% Index Run Rate growth at June 30, 2026, to $2.027B from $1.726B.

Run Rate is not the same as recognized revenue

MSCI states that Run Rate may differ from revenue recognized under ASC 606.

Changes in recurring revenue can lag changes in Run Rate because newly executed contracts, cancellations, pricing, asset-based fees, and other factors affect the metric differently from recognized revenue.

Index Run Rate combines subscriptions and asset-based fees

The total includes recurring subscription Run Rate and asset-based fee Run Rate.

Read it with Index recurring subscription run-rate growth and Index asset-based fee run-rate growth.

Primary source: MSCI Q2 2026 Form 10-Q.

Part of the Index & Data Provider Economics

Connects MSCI Index revenue and Run Rate monetization with subscription sales and retention, plus Analytics, Sustainability & Climate, and Private Assets recurring growth.

Browse the full operating model in Company Analysis →

Where this concept fits

Index revenue and Run Rate monetizationCurrent relationship
Index operating revenue growth and total Run Rate growth combine recurring subscriptions and asset-based fees, while separate subscription and asset-based-fee Run Rates show how contract economics and linked-product AUM drive the segment.
Index Asset-Based Fee Run Rate Growth Index Revenue Growth Index Subscription Run Rate GrowthIndex Run Rate GrowthCurrent concept
Index subscription sales and retention
Net new recurring subscription sales capture annualized subscription additions net of cancellations, while retention measures the durability of beginning subscription Run Rate and explicitly excludes asset-based fees.
Index Net New Subscription Sales Growth Index Retention Rate
Adjacent recurring data platforms
Analytics, Sustainability and Climate, and Private Assets Run Rate growth show how MSCI's subscription-led businesses expand outside the Index asset-based-fee model, with Analytics operating revenue providing a recognized-revenue cross-check.
Analytics Revenue Growth Analytics Run Rate Growth Private Assets Run Rate Growth Sustainability & Climate Run Rate Growth

See It in Company Research

These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.

MSCIOpen operating-model research →10 of 10 reviewed concepts in Index & Data Provider EconomicsIndex revenue and Run Rate monetization4 of 4 bridge concepts supportedContinue through this bridge:Index Asset-Based Fee Run Rate Growth Index Revenue Growth Index Subscription Run Rate Growth

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Compare index and data provider economics

Compare total Index Run Rate across subscriptions and asset-based fees without treating it as ASC 606 revenue.

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