MSCI Recurring subscriptions — Operating revenues increased by 2.7% to $600.20M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.6%, from $552.64M to $600.20M. Over 4 years (FY 2021 to FY 2025), Recurring subscriptions — Operating revenues shows an upward trend with a 12.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
An increase indicates higher revenue predictability and stronger customer retention, while a decrease may signal potential churn or a shift in client demand away from subscription-based models.
This metric represents the portion of total operating revenue derived from subscription-based contracts that provide cli...
Comparable to Annual Recurring Revenue (ARR) or subscription-based revenue reported by financial data providers, index firms, and SaaS-based analytics companies.
msci_segment_recurring_subscriptions_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 | $348.13M | $357.64M | $382.54M | $399.76M | $407.05M | $420.22M | $432.50M | $445.25M | $455.69M | $465.00M | $505.35M | $513.06M | $521.47M | $536.62M | $543.30M | $552.64M | $562.77M | $579.06M | $584.23M | $600.20M |
| QoQ Change | — | +2.7% | +7.0% | +4.5% | +1.8% | +3.2% | +2.9% | +2.9% | +2.3% | +2.0% | +8.7% | +1.5% | +1.6% | +2.9% | +1.2% | +1.7% | +1.8% | +2.9% | +0.9% | +2.7% |
| YoY Change | — | — | — | — | +16.9% | +17.5% | +13.1% | +11.4% | +12.0% | +10.7% | +16.8% | +15.2% | +14.4% | +15.4% | +7.5% | +7.7% | +7.9% | +7.9% | +7.5% | +8.6% |