MSCI Non-recurring — Operating revenues decreased by 2.0% to $26.10M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 65.5%, from $15.77M to $26.10M. Over 4 years (FY 2021 to FY 2025), Non-recurring — Operating revenues shows an upward trend with a 7.6% CAGR.
An increase suggests successful one-time project delivery or new client onboarding, while a decrease may indicate a slowdown in implementation activity or a shift toward purely subscription-based models.
This metric represents revenue generated from one-time service engagements, implementation fees, or non-subscription sof...
Peers in the financial data and analytics space often report this as 'Professional Services' or 'Implementation Revenue,' which typically carries lower margins than subscription-based recurring revenue.
msci_segment_non_recurring_operating_revenues| Q2 '21 | Q3 '21 | Q4 '21 | 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 | $13.91M | $17.71M | $17.91M | $15.13M | $12.54M | $14.80M | $18.47M | $13.85M | $27.30M | $19.38M | $39.60M | $16.65M | $23.20M | $19.46M | $24.87M | $15.77M | $25.84M | $16.85M | $26.63M | $26.10M |
| QoQ Change | — | +27.4% | +1.1% | -15.5% | -17.1% | +18.0% | +24.8% | -25.0% | +97.2% | -29.0% | +104.4% | -58.0% | +39.3% | -16.1% | +27.8% | -36.6% | +63.8% | -34.8% | +58.0% | -2.0% |
| YoY Change | — | — | — | — | -9.8% | -16.4% | +3.2% | -8.5% | +117.7% | +30.9% | +114.4% | +20.3% | -15.0% | +0.4% | -37.2% | -5.3% | +11.4% | -13.4% | +7.1% | +65.5% |