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+8.9% | $279.36M+8.2% | $273.84M+7.8% | $267.68M+18.3% | $261.35M+31.3% | |
| Analytics | $732.21M+7.2% | $714.41M+5.8% | $704.83M+5.7% | $695.03M+7.1% | $683.32M+8.0% | |
| Index | $1.86B+13.2% | $1.79B+11.9% | $1.73B+10.5% | $1.68B+10.5% | $1.64B+10.6% | |
| Sustainability and Climate | $361.2M+8.4% | $353.9M+8.4% | $348.86M+11.4% | $342.37M+13.5% | $333.32M+13.5% | |
| Adjusted EBITDA by Business | ||||||
| All Other - Private Assets | $68.92M+9.2% | $69.42M+13.0% | $68.74M+15.5% | $65.69M+20.3% | $63.12M+27.4% | |
| Analytics | $349.3M+5.2% | $342.5M+4.3% | $342.77M+6.7% | $343.02M+13.3% | $332.08M+16.0% | |
| Index | $1.43B+13.8% | $1.37B+11.8% | $1.32B+9.8% | $1.28B+10.2% | $1.26B+11.0% | |
| Adjusted EBITDA expenses by Business | ||||||
| Analytics | $382.91M+9.0% | $371.91M+7.2% | $362.06M+5.4% | $352.01M+1.6% | $351.24M+1.1% | |
| Index | $431.73M+11.2% | $420.73M+12.5% | $412.72M+13.6% | $402.55M+12.2% | $388.08M+9.4% | |
| Acquisitions by Business | ||||||
| All Other - Private Assets | $11.6M— | $0— | —— | —— | —— | |
| Analytics | $0— | $0— | $873K— | —— | —— | |
| Index | $31.1M+29.9% | $0-100% | $5.63M-69.3% | $5.63M-69.3% | $23.95M— | |
| Sustainability and Climate | $0+100% | $0+100% | -$91.25K— | -$182.5K— | -$273.75K— | |
| Goodwill by Business | ||||||
| All Other - Private Assets | $5.25B+0.3% | $5.24B+0.1% | $5.23B0.0% | $5.23B+13.5% | $5.23B+31.0% | |
| Analytics | $1.19B+0.2% | $1.19B+0.2% | $1.19B+0.7% | $1.19B+1.1% | $1.19B+1.4% | |
| Index | $4.95B+1.1% | $4.92B+1.0% | $4.92B+1.4% | $4.91B+1.7% | $4.9B+1.9% | |
| Sustainability and Climate | $345.34M— | $344.53M— | $341.93M— | —— | —— | |
| Foreign exchange translation adjustment by Business | ||||||
| Analytics | $0— | $0— | $0— | $0— | $0— | |
| Operating revenues by Product | ||||||
| Asset-based fees | $817.76M+19.4% | $770.66M+17.2% | $734.33M+17.1% | $705.43M+17.6% | $684.64M+19.1% | |
| Non-recurring | $95.42M+14.5% | $85.12M+1.1% | $83.36M-15.7% | $85.97M-13.0% | $83.33M-19.0% | |
| Recurring subscriptions | $2.33B+8.0% | $2.28B+7.8% | $2.24B+7.8% | $2.2B+9.5% | $2.15B+11.1% | |
| Operating revenues by Geography | ||||||
| Japan | $134.51M+14.2% | $127.61M+11.8% | $124.55M+13.3% | $120.85M+13.9% | $117.78M+16.2% | |
| Other | $143.88M+8.8% | $140.68M+9.1% | $138.06M+10.8% | $135.84M+13.0% | $132.29M+15.2% | |
| United Kingdom | $569.47M+16.2% | $543.47M+13.3% | $523.86M+13.0% | $508.12M+13.9% | $490.08M+14.0% | |
| United States | $1.31B+9.6% | $1.27B+8.4% | $1.24B+5.6% | $1.21B+8.0% | $1.19B+9.6% | |
| Revenue by Geography | ||||||
| Other | $368.45M+7.9% | $356.75M+7.4% | $350.86M+10.3% | $348.06M+12.0% | $341.54M+13.1% | |
| Other | $717.6M+10.5% | $698.5M+10.5% | $681.27M+10.8% | $663.6M+10.6% | $649.55M+11.5% |
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.
