KPIs & Operating Metrics(New)
Growth Metrics

Msci (MSCI) Operating Expenses (2010 - 2026)

Msci posted quarterly Operating Expenses of $393.9 million for Q1 2026, up 6.81% year-on-year from $368.8 million in Q1 2025, and up 9.75% on a QoQ basis from $358.9 million in Q4 2025.

Msci (MSCI) has 17 years of Operating Expenses data on file, last reported at $393.9 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 6.81% year-over-year to $393.9 million; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (up 6.65% YoY), and the FY2025 full-year result was $1.4 billion, up 7.03% from the prior year.
  • Operating Expenses for Q1 2026 stood at $393.9 million, up from $358.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $393.9 million in Q1 2026 and bottomed at $251.1 million in Q3 2022.
  • The 5-year median for Operating Expenses is $323.4 million (2024), against an average of $313.4 million.
  • The widest annual swing landed in 2022, when Operating Expenses retreated 0.67%; it then advanced 22.68% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $267.5 million in 2022, then grew by 19.41% to $319.4 million in 2023, then advanced by 5.93% to $338.3 million in 2024, then rose by 6.09% to $358.9 million in 2025, then rose by 9.75% to $393.9 million in 2026.
  • The last three Operating Expenses figures came in at $393.9 million (Q1 2026), $358.9 million (Q4 2025), and $345.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 S&P Global 126.06 Bn 129.16 Bn 2.94 Bn 2.34 Bn
2 Cme 98.29 Bn 98.29 Bn 1.83 Bn 570.40 Mn
3 Intercontinental Exchange 83.83 Bn 82.37 Bn - 1.31 Bn
4 Moodys 80.13 Bn 78.77 Bn 1.55 Bn 1.16 Bn
5 Nasdaq 52.44 Bn 51.76 Bn 1.41 Bn 750.00 Mn
6 Coinbase Global 50.05 Bn 49.52 Bn 1.33 Bn 1.43 Bn
7 Msci 46.28 Bn 45.89 Bn 765.10 Mn 393.90 Mn
8 Cboe Global Markets 34.92 Bn 32.75 Bn 728.90 Mn 223.30 Mn
9 TransUnion 13.79 Bn 13.22 Bn 726.20 Mn 1.00 Bn
10 Factset Research Systems 9.06 Bn 8.78 Bn 314.28 Mn 426.06 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 393.90 Mn
Dec 31, 2025 358.91 Mn
Sep 30, 2025 345.74 Mn
Jun 30, 2025 347.45 Mn
Mar 31, 2025 368.80 Mn
Dec 31, 2024 338.32 Mn
Sep 30, 2024 323.37 Mn
Jun 30, 2024 325.34 Mn
Mar 31, 2024 340.58 Mn
Dec 31, 2023 319.36 Mn
Sep 30, 2023 272.13 Mn
Jun 30, 2023 275.20 Mn
Mar 31, 2023 277.62 Mn
Dec 31, 2022 267.46 Mn
Sep 30, 2022 251.11 Mn
Jun 30, 2022 251.43 Mn
Mar 31, 2022 270.97 Mn
Dec 31, 2021 269.26 Mn
Sep 30, 2021 236.87 Mn
Jun 30, 2021 240.65 Mn
Mar 31, 2021 224.05 Mn
Dec 31, 2020 209.58 Mn
Sep 30, 2020 197.71 Mn
Jun 30, 2020 194.44 Mn
Mar 31, 2020 208.90 Mn
Dec 31, 2019 207.18 Mn
Sep 30, 2019 193.03 Mn
Jun 30, 2019 193.18 Mn
Mar 31, 2019 208.71 Mn
Dec 31, 2018 191.87 Mn
Sep 30, 2018 181.53 Mn
Jun 30, 2018 189.54 Mn
Mar 31, 2018 184.15 Mn
Dec 31, 2017 180.64 Mn
Sep 30, 2017 173.30 Mn
Jun 30, 2017 169.99 Mn
Mar 31, 2017 170.48 Mn
Dec 31, 2016 166.80 Mn
Sep 30, 2016 165.17 Mn
Jun 30, 2016 164.91 Mn
Mar 31, 2016 165.69 Mn
Dec 31, 2015 165.35 Mn
Sep 30, 2015 159.67 Mn
Jun 30, 2015 172.07 Mn
Mar 31, 2015 174.03 Mn
Dec 31, 2014 166.01 Mn
Sep 30, 2014 167.63 Mn
Jun 30, 2014 165.70 Mn
Mar 31, 2014 160.18 Mn
Dec 31, 2013 153.22 Mn
Sep 30, 2013 144.70 Mn
Jun 30, 2013 138.53 Mn
Mar 31, 2013 136.58 Mn
Dec 31, 2012 151.77 Mn
Sep 30, 2012 151.92 Mn
Jun 30, 2012 151.44 Mn
Mar 31, 2012 148.07 Mn
Dec 31, 2011 144.50 Mn
Sep 30, 2011 142.78 Mn
Jun 30, 2011 143.79 Mn
Mar 31, 2011 147.87 Mn
Nov 30, 2010 142.60 Mn
Aug 31, 2010 161.28 Mn
May 31, 2010 78.47 Mn
Feb 28, 2010 74.42 Mn