Msci (MSCI) Cost of Revenue (2010 - 2026)

Msci (MSCI) reported Cost of Revenue of $85.7 million for Q1 2026, down 37.35% on a YoY basis from $136.8 million in Q1 2025, and up 3.18% quarter-over-quarter from $83.1 million in Q4 2025.

Msci (MSCI) Cost of Revenue (2010 - 2026) Analysis & Trends

Msci has reported Cost of Revenue for 17 years, with the latest figure 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.
  • The five-year high for Cost of Revenue was $136.8 million in Q1 2025, with the low at -$47.8 million in Q4 2023.
  • Historically, Cost of Revenue has averaged $74.6 million across 5 years, with a median of $71.9 million in 2022.
  • Annual changes were most pronounced in 2023 — Cost of Revenue tumbled 166.5% — and 2024, when it surged 260.68%.
  • Msci's Cost of Revenue stood at $71.9 million in 2022, then plunged by 166.5% to -$47.8 million in 2023, then surged by 260.68% to $76.8 million in 2024, then increased by 8.1% to $83.1 million in 2025, then gained 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 122.27 Bn 125.38 Bn 2.94 Bn 1.24 Bn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 52.50 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 531.00 Mn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - -
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 730.00 Mn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn 83.91 Mn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 85.70 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 5.80 Mn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 519.50 Mn
10 Factset Research Systems 8.21 Bn 7.92 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