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MSCI MSCI Operating margin

Operating margin at other companies

S&P Global logo
S&P GlobalSPGI
43.9%+4.0pp
CoStar Group logo
CoStar GroupCSGP
-2.7%-3.9pp
Moody's logo
Moody'sMCO
43.5%+3.1pp
Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
29.4%+4.6pp
Blackrock logo
BlackrockBLK
31.8%-4.3pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
41.1%+4.4pp

Other financials

Income statement

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Revenue$850.8M+14.1%
Gross profit$709.0M+16.4%
Operating income$456.9M+21.2%
Net income$406.0M+40.7%
EPS (diluted)$5.53+49.1%

Balance sheet

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Cash & equivalents$385.3M+6.8%
Total debt$6.6B+40.1%
Total equity-$2.8B-189%
Total assets$5.5B+3.8%

Cash flow

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Operating cash flow$306.8M+1.7%
CapEx$2.8M-75.9%
Free cash flow$304.0M+4.8%

Valuation

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Market cap$42.31B-10.2%
Enterprise value$48.5B-5.4%
P/E32.1×-9.2×
P/S13.1×-3.1×

Profitability

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Gross margin82.9%+0.7pp
Net margin40.7%+1.7pp
FCF margin48.3%-1.8pp

Returns & leverage

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Return on equity113.8%
Debt / equity6.8×
Current ratio0.9×0.0×

Where this comes from

Calculated from MSCI’s reported figures.

Based on trailing twelve months.

The official record: MSCI’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MSCI's operating margin?
MSCI (MSCI) reported operating margin of 55.4% in Q1 2026.
How has MSCI's operating margin changed year-over-year?
MSCI's operating margin increased by 3.3% year-over-year, from 53.6% to 55.4%.
What is the long-term trend for MSCI's operating margin?
Over 5 years (2020 to 2025), MSCI's operating margin has grown at a 0.9% compound annual growth rate (CAGR), from 52.2% to 54.7%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.