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| 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 |