MSCI MSCI Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Operating revenues by Business | ||||||
| All Other - Private Assets | $72.6M+7.9% | $70.86M+8.4% | $69.97M+9.7% | $71.23M+9.7% | $67.3M+4.8% | |
| Analytics | $190M+10.3% | $182.34M+5.5% | $182.17M+5.7% | $177.7M+7.1% | $172.2M+5.0% | |
| Index | $496.3M+17.7% | $479.07M+14.0% | $451.16M+11.4% | $434.83M+9.5% | $421.7M+12.8% | |
| Sustainability and Climate | $91.9M+8.6% | $90.26M+5.9% | $90.13M+7.7% | $88.91M+11.3% | $84.6M+8.6% | |
| Operating revenues by Product | ||||||
| Asset-based fees | $224.5M+26.6% | $211.67M+20.7% | $197.52M+17.1% | $184.07M+12.7% | $177.4M+18.1% | |
| Non-recurring | $26.1M+65.2% | $26.63M+7.1% | $16.85M-13.4% | $25.84M+11.4% | $15.8M-5.1% | |
| Recurring subscriptions | $600.2M+8.6% | $584.23M+7.5% | $579.06M+7.9% | $562.77M+7.9% | $552.6M+7.7% | |
| Operating revenues by Geography | ||||||
| Japan | $37.1M+22.8% | $32.84M+10.3% | $32.53M+12.8% | $32.04M+10.6% | $30.2M+13.6% | |
| Other | $36.9M+9.5% | $35.59M+7.9% | $34.85M+6.8% | $36.54M+10.8% | $33.7M+11.0% | |
| United Kingdom | $149.7M+21.0% | $147.36M+15.4% | $138.12M+12.9% | $134.28M+15.5% | $123.7M+9.2% | |
| United States | $340.5M+12.6% | $330.91M+10.2% | $324.17M+8.9% | $309.95M+6.7% | $302.4M+7.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.
