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MSCI MSCI Total Revenue

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Segments

By segment

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Index$511M
Analytics$189.4M
Sustainability and Climate$91.9M+3.4%
All Other - Private Assets$74.7M

By geography

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United States$343.7M
United Kingdom$156.6M
Japan$35.4M

By product

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Recurring subscriptions$613.4M+9.0%
Asset-based fees$233.1M+26.6%
Non-recurring$20.5M-20.5%

Other financials

Income statement

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Gross profit$717.1M+12.9%
Operating income$487.5M+14.6%
Net income$342.0M+12.6%
EPS (diluted)$4.69+19.6%

Balance sheet

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Cash & equivalents$356.4M+2.6%
Total debt$6.5B+40.6%
Total equity-$2.7B-203%
Total assets$5.6B+4.3%

Cash flow

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Operating cash flow$370.8M+10.3%
CapEx$11.0M-2.7%
Free cash flow$359.8M+10.7%

Valuation

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Market cap$41.02B-7.0%
Enterprise value$47.21B-2.5%
P/E30.2×-7.2×
P/S12.3×-2.5×

Profitability

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Gross margin83%+0.8pp
Operating margin55.7%+1.8pp
Net margin40.7%+1.3pp
FCF margin47.9%-0.5pp

Returns & leverage

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Return on equity113.8%
Debt / equity6.8×
Current ratio0.9×0.0×

Where this comes from

Reported directly by MSCI in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: MSCI’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 1:49 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001408198-26-000046
(unaudited)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating revenues$867.0$772.7$1,717.8$1,518.5
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)149.9137.7291.7274.5
Selling and marketing87.478.2173.1156.9
Research and development46.044.195.691.7
General and administrative46.238.3115.295.4
Amortization of intangible assets43.843.785.787.6
Depreciation and amortization of property, equipment and leasehold improvements6.25.412.110.1

Item 1. Financial Statements

FAQ

What is MSCI's total revenue?
MSCI (MSCI) reported total revenue of $867M in Q2 2026.
How has MSCI's total revenue changed year-over-year?
MSCI's total revenue increased by 12.2% year-over-year, from $772.7M to $867M.
What is the long-term trend for MSCI's total revenue?
Over 4 years (2021 to 2025), MSCI's total revenue has grown at a 11.3% compound annual growth rate (CAGR), from $2.04B to $3.13B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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