Business Segments · Adjusted EBITDA expenses
Index — Adjusted EBITDA expenses
MSCI Index — Adjusted EBITDA expenses increased by 15.3% to $121.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $110.17M to $121.10M. Over 3 years (FY 2022 to FY 2025), Index — Adjusted EBITDA expenses shows an upward trend with a 9.8% 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 operating efficiency and higher margins.
Detailed definition
This metric captures the operating costs associated with the Index segment, excluding non-cash items like depreciation,...
Peer comparison
Comparable to operating expense metrics in high-margin software and data service businesses.
Metric ID:
msci_segment_index_adjusted_ebitda_expensesHistorical 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 | $79.45M | $79.45M | $79.45M | $79.45M | $86.21M | $86.21M | $86.21M | $86.21M | $96.11M | $90.20M | $90.73M | $97.04M | $110.17M | $104.68M | $100.90M | $105.06M | $121.10M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.5% | +0.0% | +0.0% | +0.0% | +11.5% | -6.1% | +0.6% | +7.0% | +13.5% | -5.0% | -3.6% | +4.1% | +15.3% |
| YoY Change | — | — | — | — | +8.5% | +8.5% | +8.5% | +8.5% | +11.5% | +4.6% | +5.2% | +12.6% | +14.6% | +16.0% | +11.2% | +8.3% | +9.9% |
Range$79.45M – $121.10M
CAGR+11.1%
Avg YoY Growth+9.8%
Median YoY Growth+8.5%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is MSCI's index — adjusted ebitda expenses?
- MSCI (MSCI) reported index — adjusted ebitda expenses of $121.10M in Q1 2026.
- How has MSCI's index — adjusted ebitda expenses changed year-over-year?
- MSCI's index — adjusted ebitda expenses increased by 9.9% year-over-year, from $110.17M to $121.10M.
- What is the long-term trend for MSCI's index — adjusted ebitda expenses?
- Over 3 years (2022 to 2025), MSCI's index — adjusted ebitda expenses has grown at a 9.8% compound annual growth rate (CAGR), from $317.80M to $420.80M.
- What does index — adjusted ebitda expenses mean?
- The cash-based operating costs required to run the Index business segment.