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MSCI MSCI Business Segments

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Operating revenues by Business
All Other - Private Assets$74.7M+4.9%$72.6M+7.9%$70.86M+8.4%$69.97M+9.7%$71.2M+9.7%
Analytics$189.4M+6.6%$190M+10.3%$182.34M+5.5%$182.17M+5.7%$177.7M+7.1%
Index$511M+17.5%$496.3M+17.7%$479.07M+14.0%$451.16M+11.4%$434.9M+9.5%
Sustainability and Climate$91.9M+3.4%$91.9M+8.6%$90.26M+5.9%$90.13M+7.7%$88.9M+11.3%
Operating revenues by Product
Asset-based fees$233.1M+26.6%$224.5M+26.6%$211.67M+20.7%$197.52M+17.1%$184.1M+12.8%
Non-recurring$20.5M-20.5%$26.1M+65.2%$26.63M+7.1%$16.85M-13.4%$25.8M+11.2%
Recurring subscriptions$613.4M+9.0%$600.2M+8.6%$584.23M+7.5%$579.06M+7.9%$562.8M+7.9%
Operating revenues by Geography
Japan$35.4M+10.6%$37.1M+22.8%$32.84M+10.3%$32.53M+12.8%$32M+10.5%
Other$39.1M+6.8%$36.9M+9.5%$35.59M+7.9%$34.85M+6.8%$36.6M+11.0%
United Kingdom$156.6M+16.6%$149.7M+21.0%$147.36M+15.4%$138.12M+12.9%$134.3M+15.5%
United States$343.7M+10.9%$340.5M+12.6%$330.91M+10.2%$324.17M+8.9%$309.9M+6.7%

FAQ

How does MSCI break its business down?
MSCI (MSCI) reports operating revenues by business across 4 parts — All Other - Private Assets, Analytics, Index and Sustainability and Climate. Each is extracted from the segment footnotes and tracked over time.
Where does MSCI's segment data come from?
Segment breakdowns are pulled from the segment footnotes in MSCI's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.