MSCI MSCI Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Operating revenues by Business | ||||||
| All Other - Private Assets | $284.66M+1.9% | $279.36M+2.0% | $273.84M+2.3% | $267.68M+2.4% | $261.35M+1.2% | |
| Analytics | $732.21M+2.5% | $714.41M+1.4% | $704.83M+1.4% | $695.03M+1.7% | $683.32M+1.2% | |
| Index | $1.86B+4.2% | $1.79B+3.4% | $1.73B+2.8% | $1.68B+2.3% | $1.64B+3.0% | |
| Sustainability and Climate | $361.2M+2.1% | $353.9M+1.4% | $348.86M+1.9% | $342.37M+2.7% | $333.32M+2.1% | |
| Adjusted EBITDA by Business | ||||||
| All Other - Private Assets | $68.92M-0.7% | $69.42M+1.0% | $68.74M+4.6% | $65.69M+4.1% | $63.12M+2.8% | |
| Analytics | $349.3M+2.0% | $342.5M-0.1% | $342.77M-0.1% | $343.02M+3.3% | $332.08M+1.2% | |
| Index | $1.43B+4.7% | $1.37B+3.9% | $1.32B+2.8% | $1.28B+1.8% | $1.26B+2.8% | |
| Adjusted EBITDA expenses by Business | ||||||
| Analytics | $382.91M+3.0% | $371.91M+2.7% | $362.06M+2.9% | $352.01M+0.2% | $351.24M+1.3% | |
| Index | $431.73M+2.6% | $420.73M+1.9% | $412.72M+2.5% | $402.55M+3.7% | $388.08M+3.7% | |
| Acquisitions by Business | ||||||
| All Other - Private Assets | $11.6M— | $0— | —— | —— | —— | |
| Analytics | $0— | $0-100% | $873K— | —— | —— | |
| Index | $31.1M— | $0-100% | $5.63M0.0% | $5.63M-76.5% | $23.95M0.0% | |
| Sustainability and Climate | $0— | $0+100% | -$91.25K+50.0% | -$182.5K+33.3% | -$273.75K+25.0% | |
| Goodwill by Business | ||||||
| All Other - Private Assets | $5.25B+0.2% | $5.24B0.0% | $5.23B0.0% | $5.23B0.0% | $5.23B0.0% | |
| Analytics | $1.19B0.0% | $1.19B0.0% | $1.19B+0.1% | $1.19B+0.1% | $1.19B+0.1% | |
| Index | $4.95B+0.6% | $4.92B+0.1% | $4.92B+0.1% | $4.91B+0.2% | $4.9B+0.5% | |
| Sustainability and Climate | $345.34M+0.2% | $344.53M+0.8% | $341.93M— | —— | —— | |
| Foreign exchange translation adjustment by Business | ||||||
| Analytics | $0— | $0— | $0— | $0— | $0— | |
| Operating revenues by Product | ||||||
| Asset-based fees | $817.76M+6.1% | $770.66M+4.9% | $734.33M+4.1% | $705.43M+3.0% | $684.64M+4.1% | |
| Non-recurring | $95.42M+12.1% | $85.12M+2.1% | $83.36M-3.0% | $85.97M+3.2% | $83.33M-1.0% | |
| Recurring subscriptions | $2.33B+2.1% | $2.28B+1.8% | $2.24B+1.9% | $2.2B+1.9% | $2.15B+1.9% | |
| Operating revenues by Geography | ||||||
| Japan | $134.51M+5.4% | $127.61M+2.5% | $124.55M+3.1% | $120.85M+2.6% | $117.78M+3.2% | |
| Other | $143.88M+2.3% | $140.68M+1.9% | $138.06M+1.6% | $135.84M+2.7% | $132.29M+2.6% | |
| United Kingdom | $569.47M+4.8% | $543.47M+3.7% | $523.86M+3.1% | $508.12M+3.7% | $490.08M+2.2% | |
| United States | $1.31B+3.0% | $1.27B+2.5% | $1.24B+2.2% | $1.21B+1.6% | $1.19B+1.9% | |
| Revenue by Geography | ||||||
| Other | $368.45M+3.3% | $356.75M+1.7% | $350.86M+0.8% | $348.06M+1.9% | $341.54M+2.8% | |
| Other | $717.6M+2.7% | $698.5M+2.5% | $681.27M+2.7% | $663.6M+2.2% | $649.55M+2.8% |
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.
