Msci (MSCI) Operating Expenses (2010 - 2026)
Msci's (MSCI) quarterly Operating Expenses came in at $379.5 million in Q2 2026, up 9.24% YoY from $347.4 million in Q2 2025, and down 3.66% on a QoQ basis from $393.9 million in Q1 2026.
Msci (MSCI) Operating Expenses (2010 - 2026) Analysis & Trends
Msci (MSCI) has 17 years of Operating Expenses data on file, last reported at $379.5 million in Q2 2026.
- Quarterly Operating Expenses rose 9.24% year-over-year to $379.5 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.5 billion (up 7.27% YoY) and the FY2025 annual result came in at $1.4 billion, up 7.03% from the prior year.
- Operating Expenses slipped to $379.5 million in Q2 2026, from $393.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $393.9 million in Q1 2026 to a low of $251.1 million in Q3 2022.
- A 5-year average of $317.1 million and a median of $324.4 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 0.67% — and 2024, when it advanced 22.68%.
- Tracing MSCI's Operating Expenses over 5 years: stood at $267.5 million in 2022, then climbed by 19.41% to $319.4 million in 2023, then gained by 5.93% to $338.3 million in 2024, then increased by 6.09% to $358.9 million in 2025, then advanced by 5.74% to $379.5 million in 2026.
- The last three Operating Expenses figures came in at $379.5 million (Q2 2026), $393.9 million (Q1 2026), and $358.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | 2.35 Bn |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 599.10 Mn |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 1.28 Bn |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | 1.14 Bn |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 788.00 Mn |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | 1.33 Bn |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 379.50 Mn |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | 255.60 Mn |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | 1.05 Bn |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | 456.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |