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
Download Data
Historic 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 |