MSCI MSCI Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Operating revenues by Business | ||||||
| All Other - Private Assets | $72.6M+2.5% | $70.86M+1.3% | $69.97M-1.8% | $71.23M+5.8% | $67.3M+3.0% | |
| Analytics | $190M+4.2% | $182.34M+0.1% | $182.17M+2.5% | $177.7M+3.2% | $172.2M-0.3% | |
| Index | $496.3M+3.6% | $479.07M+6.2% | $451.16M+3.8% | $434.83M+3.1% | $421.7M+0.4% | |
| Sustainability and Climate | $91.9M+1.8% | $90.26M+0.1% | $90.13M+1.4% | $88.91M+5.1% | $84.6M-0.7% | |
| Operating revenues by Product | ||||||
| Asset-based fees | $224.5M+6.1% | $211.67M+7.2% | $197.52M+7.3% | $184.07M+3.8% | $177.4M+1.2% | |
| Non-recurring | $26.1M-2.0% | $26.63M+58.0% | $16.85M-34.8% | $25.84M+63.5% | $15.8M-36.5% | |
| Recurring subscriptions | $600.2M+2.7% | $584.23M+0.9% | $579.06M+2.9% | $562.77M+1.8% | $552.6M+1.7% | |
| Operating revenues by Geography | ||||||
| Japan | $37.1M+13.0% | $32.84M+0.9% | $32.53M+1.5% | $32.04M+6.1% | $30.2M+1.4% | |
| Other | $36.9M+3.7% | $35.59M+2.1% | $34.85M-4.6% | $36.54M+8.4% | $33.7M+2.2% | |
| United Kingdom | $149.7M+1.6% | $147.36M+6.7% | $138.12M+2.9% | $134.28M+8.6% | $123.7M-3.2% | |
| United States | $340.5M+2.9% | $330.91M+2.1% | $324.17M+4.6% | $309.95M+2.5% | $302.4M+0.7% |
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.
