Msci (MSCI) Net Margin (2010 - 2026)
Msci (MSCI) recorded Net Margin of 39.35% in Q3 2026, down 1.65 percentage points from 41.00% a year earlier and down 0.10 percentage points from the prior quarter.
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Analysis
Msci (MSCI) Net Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Msci's Net Margin came in at 40.31% as of Sep 30, 2026, up 0.28 percentage points year-over-year; for FY2025, it came in at 38.36%, down 0.48 percentage points from FY2024.
- Annual Net Margin has a five-year change of +2.86 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 38.83% in FY2024 (-6.59 pp), 45.42% in FY2023 (+6.70 pp), 38.72% in FY2022 (+3.19 pp) and 35.53% in FY2021 (+0.03 pp).
- Quarterly Net Margin has ranged from 34.61% in Q4 2025 to 58.45% in Q4 2023 over the past five years.
- On a year-over-year basis, Net Margin rose in five of the last eight quarters, with an average year-over-year change of -1.43 percentage points.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 21.14 percentage points in Q4 2023, against a drop of 17.36 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 39.45% (Q2 2026), 47.72% (Q1 2026) and 34.61% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn | 33.71% |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn | 36.28% |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn | 39.35% |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn | 28.35% |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn | 12.51% |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - | 11.90% |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn | 19.08% |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn | 17.18% |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - | 47.19% |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - | 59.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 39.35% |
| Jun 30, 2026 | 39.45% |
| Mar 31, 2026 | 47.72% |
| Dec 31, 2025 | 34.61% |
| Sep 30, 2025 | 41.00% |
| Jun 30, 2025 | 39.30% |
| Mar 31, 2025 | 38.70% |
| Dec 31, 2024 | 41.09% |
| Sep 30, 2024 | 38.76% |
| Jun 30, 2024 | 37.68% |
| Mar 31, 2024 | 37.64% |
| Dec 31, 2023 | 58.45% |
| Sep 30, 2023 | 41.52% |
| Jun 30, 2023 | 39.74% |
| Mar 31, 2023 | 40.31% |
| Dec 31, 2022 | 37.31% |
| Sep 30, 2022 | 38.63% |
| Jun 30, 2022 | 38.16% |
| Mar 31, 2022 | 40.79% |
| Dec 31, 2021 | 35.26% |
API Access
Msci Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MSCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MSCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MSCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();