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| Date | Value |
|---|---|
| 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 |