Msci (MSCI) Cost of Revenue (2010 - 2026)
Msci posted quarterly Cost of Revenue of $85.7 million for Q1 2026, down 37.35% year-on-year from $136.8 million in Q1 2025, and up 3.18% on a QoQ basis from $83.1 million in Q4 2025.
Msci (MSCI) has 17 years of Cost of Revenue data on file, last reported at $85.7 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 37.35% year-over-year to $85.7 million; the trailing twelve-month figure through Mar 2026 stood at $326.8 million (down 8.16% YoY), and the FY2025 full-year result was $319.8 million, up 9.82% from the prior year.
- Cost of Revenue for Q1 2026 stood at $85.7 million, up from $83.1 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $136.8 million in Q1 2025 and bottomed at -$47.8 million in Q4 2023.
- The 5-year median for Cost of Revenue is $71.9 million (2022), against an average of $74.6 million.
- The widest annual swing landed in 2023, when Cost of Revenue sank 166.5%; it then surged 260.68% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $71.9 million in 2022, then tumbled by 166.5% to -$47.8 million in 2023, then soared by 260.68% to $76.8 million in 2024, then rose by 8.1% to $83.1 million in 2025, then advanced by 3.18% to $85.7 million in 2026.
- The last three Cost of Revenue figures came in at $85.7 million (Q1 2026), $83.1 million (Q4 2025), and $79.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 1.24 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 52.50 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 531.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 730.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 83.91 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 85.70 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 5.80 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 519.50 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 296.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.70 Mn |
| Mar 31, 2026 | 85.70 Mn |
| Dec 31, 2025 | 83.06 Mn |
| Dec 31, 2025 | 83.06 Mn |
| Sep 30, 2025 | 79.86 Mn |
| Sep 30, 2025 | 79.86 Mn |
| Jun 30, 2025 | 78.21 Mn |
| Jun 30, 2025 | 78.21 Mn |
| Mar 31, 2025 | 136.80 Mn |
| Mar 31, 2025 | 136.80 Mn |
| Dec 31, 2024 | 76.84 Mn |
| Dec 31, 2024 | 76.84 Mn |
| Sep 30, 2024 | 70.76 Mn |
| Sep 30, 2024 | 70.76 Mn |
| Jun 30, 2024 | 71.45 Mn |
| Jun 30, 2024 | 71.45 Mn |
| Mar 31, 2024 | 128.51 Mn |
| Mar 31, 2024 | 128.51 Mn |
| Dec 31, 2023 | -47.82 Mn |
| Dec 31, 2023 | -47.82 Mn |
| Sep 30, 2023 | 105.31 Mn |
| Sep 30, 2023 | 105.31 Mn |
| Jun 30, 2023 | 67.99 Mn |
| Jun 30, 2023 | 67.99 Mn |
| Mar 31, 2023 | 66.48 Mn |
| Mar 31, 2023 | 66.48 Mn |
| Dec 31, 2022 | 71.91 Mn |
| Dec 31, 2022 | 71.91 Mn |
| Sep 30, 2022 | 65.55 Mn |
| Sep 30, 2022 | 65.55 Mn |
| Jun 30, 2022 | 61.07 Mn |
| Jun 30, 2022 | 61.07 Mn |
| Mar 31, 2022 | 66.05 Mn |
| Mar 31, 2022 | 66.05 Mn |
| Dec 31, 2021 | 95.90 Mn |
| Dec 31, 2021 | 95.90 Mn |
| Sep 30, 2021 | 59.82 Mn |
| Sep 30, 2021 | 59.82 Mn |
| Jun 30, 2021 | 87.33 Mn |
| Jun 30, 2021 | 87.33 Mn |
| Mar 31, 2021 | 56.47 Mn |
| Mar 31, 2021 | 56.47 Mn |
| Dec 31, 2020 | 75.94 Mn |
| Dec 31, 2020 | 75.94 Mn |
| Sep 30, 2020 | 52.67 Mn |
| Sep 30, 2020 | 52.67 Mn |
| Jun 30, 2020 | 70.46 Mn |
| Jun 30, 2020 | 70.46 Mn |
| Mar 31, 2020 | 74.61 Mn |
| Mar 31, 2020 | 74.61 Mn |
| Dec 31, 2019 | 70.15 Mn |
| Dec 31, 2019 | 70.15 Mn |
| Sep 30, 2019 | 52.11 Mn |
| Sep 30, 2019 | 52.11 Mn |
| Jun 30, 2019 | 71.98 Mn |
| Jun 30, 2019 | 71.98 Mn |
| Mar 31, 2019 | 56.05 Mn |
| Mar 31, 2019 | 56.05 Mn |
| Dec 31, 2018 | 52.95 Mn |
| Dec 31, 2018 | 52.95 Mn |
| Sep 30, 2018 | 46.15 Mn |
| Sep 30, 2018 | 46.15 Mn |
| Jun 30, 2018 | 47.42 Mn |
| Jun 30, 2018 | 47.42 Mn |
| Mar 31, 2018 | 46.41 Mn |
| Mar 31, 2018 | 46.41 Mn |
| Dec 31, 2017 | 69.25 Mn |
| Dec 31, 2017 | 69.25 Mn |
| Sep 30, 2017 | 44.87 Mn |
| Sep 30, 2017 | 44.87 Mn |
| Jun 30, 2017 | 41.55 Mn |
| Jun 30, 2017 | 41.55 Mn |
| Mar 31, 2017 | 67.46 Mn |
| Mar 31, 2017 | 67.46 Mn |
| Dec 31, 2016 | 63.82 Mn |
| Dec 31, 2016 | 63.82 Mn |
| Sep 30, 2016 | 41.51 Mn |
| Sep 30, 2016 | 41.51 Mn |
| Jun 30, 2016 | 41.85 Mn |
| Jun 30, 2016 | 41.85 Mn |
| Mar 31, 2016 | 63.17 Mn |
| Mar 31, 2016 | 63.17 Mn |
| Dec 31, 2015 | 64.80 Mn |
| Dec 31, 2015 | 64.80 Mn |
| Sep 30, 2015 | 65.59 Mn |
| Sep 30, 2015 | 65.59 Mn |
| Jun 30, 2015 | 67.39 Mn |
| Jun 30, 2015 | 67.39 Mn |
| Mar 31, 2015 | 41.65 Mn |
| Mar 31, 2015 | 41.65 Mn |
| Dec 31, 2014 | 69.84 Mn |
| Dec 31, 2014 | 69.84 Mn |
| Sep 30, 2014 | 41.40 Mn |
| Sep 30, 2014 | 41.40 Mn |
| Jun 30, 2014 | 40.51 Mn |
| Jun 30, 2014 | 40.51 Mn |
| Mar 31, 2014 | 66.80 Mn |
| Mar 31, 2014 | 66.80 Mn |
| Dec 31, 2013 | 72.26 Mn |
| Dec 31, 2013 | 72.26 Mn |
| Sep 30, 2013 | 68.15 Mn |
| Sep 30, 2013 | 68.15 Mn |
| Jun 30, 2013 | 69.70 Mn |
| Jun 30, 2013 | 69.70 Mn |
| Mar 31, 2013 | 65.30 Mn |
| Mar 31, 2013 | 65.30 Mn |
| Dec 31, 2012 | 74.19 Mn |
| Dec 31, 2012 | 74.19 Mn |
| Sep 30, 2012 | 68.35 Mn |
| Sep 30, 2012 | 68.35 Mn |
| Jun 30, 2012 | 73.24 Mn |
| Jun 30, 2012 | 73.24 Mn |
| Mar 31, 2012 | 72.29 Mn |
| Mar 31, 2012 | 72.29 Mn |
| Dec 31, 2011 | 69.12 Mn |
| Dec 31, 2011 | 69.12 Mn |
| Sep 30, 2011 | 68.97 Mn |
| Sep 30, 2011 | 68.97 Mn |
| Jun 30, 2011 | 68.84 Mn |
| Jun 30, 2011 | 68.84 Mn |
| Mar 31, 2011 | 70.22 Mn |
| Mar 31, 2011 | 70.22 Mn |
| Nov 30, 2010 | 69.13 Mn |
| Nov 30, 2010 | 69.13 Mn |
| Aug 31, 2010 | 69.74 Mn |
| Aug 31, 2010 | 69.74 Mn |
| May 31, 2010 | 30.46 Mn |
| May 31, 2010 | 30.46 Mn |
| Feb 28, 2010 | 29.29 Mn |
| Feb 28, 2010 | 29.29 Mn |