What is MSCI's analytics — adjusted ebitda expenses?

MSCI (MSCI) reported analytics — adjusted ebitda expenses of $107.20M in Q1 2026.

How has MSCI's analytics — adjusted ebitda expenses changed year-over-year?

MSCI's analytics — adjusted ebitda expenses increased by 11.5% year-over-year, from $96.16M to $107.20M.

What is the long-term trend for MSCI's analytics — adjusted ebitda expenses?

Over 3 years (2022 to 2025), MSCI's analytics — adjusted ebitda expenses has grown at a 4.3% compound annual growth rate (CAGR), from $328.21M to $371.87M.

What does analytics — adjusted ebitda expenses mean?

The core cash operating costs required to run the analytics business segment, excluding non-cash accounting charges.

Business Segments · Adjusted EBITDA expenses

Analytics — Adjusted EBITDA expenses

MSCI Analytics — Adjusted EBITDA expenses increased by 8.9% to $107.20M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 11.5%, from $96.16M to $107.20M. Over 3 years (FY 2022 to FY 2025), Analytics — Adjusted EBITDA expenses shows an upward trend with a 4.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2022

Last reportedQ1 2026

How to read this metric

A decrease relative to revenue indicates improved operational efficiency, while an increase may signal higher investment in R&D or sales and marketing.

Detailed definition

This represents the operating costs associated with the Analytics segment, excluding non-cash items like depreciation, a...

Peer comparison

Comparable to adjusted operating expenses or cash-based SG&A in software-as-a-service (SaaS) companies.

Metric ID: msci_segment_analytics_adjusted_ebitda_expenses

Historical Data

17 periods

	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Value	$82.05M	$82.05M	$82.05M	$82.05M	$85.27M	$85.27M	$85.27M	$85.27M	$91.75M	$84.32M	$82.09M	$88.63M	$96.16M	$85.10M	$92.13M	$98.48M	$107.20M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+3.9%	+0.0%	+0.0%	+0.0%	+7.6%	-8.1%	-2.6%	+8.0%	+8.5%	-11.5%	+8.3%	+6.9%	+8.9%
YoY Change	—	—	—	—	+3.9%	+3.9%	+3.9%	+3.9%	+7.6%	-1.1%	-3.7%	+3.9%	+4.8%	+0.9%	+12.2%	+11.1%	+11.5%

Range$82.05M – $107.20M

CAGR+6.9%

Avg YoY Growth+4.8%

Median YoY Growth+3.9%

Current Streak3 quarters growth

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Frequently Asked Questions

What is MSCI's analytics — adjusted ebitda expenses?: MSCI (MSCI) reported analytics — adjusted ebitda expenses of $107.20M in Q1 2026.
How has MSCI's analytics — adjusted ebitda expenses changed year-over-year?: MSCI's analytics — adjusted ebitda expenses increased by 11.5% year-over-year, from $96.16M to $107.20M.
What is the long-term trend for MSCI's analytics — adjusted ebitda expenses?: Over 3 years (2022 to 2025), MSCI's analytics — adjusted ebitda expenses has grown at a 4.3% compound annual growth rate (CAGR), from $328.21M to $371.87M.
What does analytics — adjusted ebitda expenses mean?: The core cash operating costs required to run the analytics business segment, excluding non-cash accounting charges.