Msci MSCI
NYSE MSCI
$547.62 -6.92 (-1.25%)
As of: Sep 10, 2026 · 3:59 PM EDT

Msci (MSCI) Operating Expenses (2010 - 2026)

Msci's (MSCI) quarterly Operating Expenses came in at $379.5 million in Q2 2026, up 9.24% on a YoY basis from $347.4 million in Q2 2025, and down 3.66% quarter-over-quarter from $393.9 million in Q1 2026.

Analysis

Msci (MSCI) Operating Expenses (2010 - 2026) Analysis & Trends

Msci (MSCI) has reported Operating Expenses for 17 consecutive years, with $379.5 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 9.24% year-over-year to $379.5 million; the trailing twelve-month figure through Jun 2026 stood at $1.5 billion (up 7.27% YoY), and the FY2025 full-year result was $1.4 billion, up 7.03% from the prior year.
  • Operating Expenses fell to $379.5 million in Q2 2026 per MSCI's latest filing, from $393.9 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.
  • Historically, Operating Expenses has averaged $317.1 million across 5 years, with a median of $324.4 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses decreased 0.67% in 2022, then climbed 22.68% in 2024.
  • Over 5 years, Operating Expenses stood at $267.5 million in 2022, then increased by 19.41% to $319.4 million in 2023, then climbed by 5.93% to $338.3 million in 2024, then gained by 6.09% to $358.9 million in 2025, then grew by 5.74% to $379.5 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $379.5 million, $393.9 million, and $358.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 S&P Global 121.34 Bn 117.20 Bn 2.98 Bn 2.35 Bn
2 Moodys 81.34 Bn 79.84 Bn 1.67 Bn 1.14 Bn
3 Msci 39.85 Bn 39.49 Bn 717.10 Mn 379.50 Mn
4 Verisk Analytics 22.97 Bn 22.42 Bn 572.90 Mn 442.60 Mn
5 Factset Research Systems 9.48 Bn 9.17 Bn 310.73 Mn 456.62 Mn
6 Morningstar 7.30 Bn 6.77 Bn 423.90 Mn 509.40 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 379.50 Mn
Mar 31, 2026 393.90 Mn
Dec 31, 2025 358.91 Mn
Sep 30, 2025 345.74 Mn
Jun 30, 2025 347.40 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