KPIs & Operating Metrics(New)
Growth Metrics

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 🔒
DateValue
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