Msci (MSCI) Operating Income (2009 - 2026)
Msci (MSCI) reported Operating Income of $502.1 million for Q3 2026, up 12.2% from $447.6 million a year earlier and up 3.0% from the prior quarter.
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Analysis
Msci (MSCI) Operating Income (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Msci's Operating Income came in at $1.91 billion, up 15.4% year-over-year; for FY2025, it came in at $1.71 billion, up 12.1% from FY2024.
- Operating Income has increased for 11 consecutive years, with a five-year compound annual growth rate of 14.1% (FY2020 to FY2025).
- By year, Operating Income came in at $1.53 billion in FY2024 (+10.4%), $1.38 billion in FY2023 (+14.7%), $1.21 billion in FY2022 (+12.6%) and $1.07 billion in FY2021 (+21.2%).
- The Q3 2026 figure ranks as the highest quarterly Operating Income in data going back to Q1 2010.
- Year over year, Operating Income has now increased in each of the last 30 quarters, with growth averaging 13.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Operating Income ran from 7.9% in Q1 2024 to 21.2% in Q1 2026.
- Per Business Quant data, the three quarters before Q3 2026 came in at $487.5 million (Q2 2026), $456.9 million (Q1 2026) and $463.67 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn | 502.10 Mn |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn | 1.96 Bn |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn | 906.00 Mn |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn | 365.30 Mn |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn | 355.30 Mn |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - | 267.20 Mn |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn | 156.62 Mn |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn | 167.40 Mn |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - | 5.86 Bn |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 1.14 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 502.10 Mn |
| Jun 30, 2026 | 487.50 Mn |
| Mar 31, 2026 | 456.90 Mn |
| Dec 31, 2025 | 463.67 Mn |
| Sep 30, 2025 | 447.60 Mn |
| Jun 30, 2025 | 425.30 Mn |
| Mar 31, 2025 | 377.00 Mn |
| Dec 31, 2024 | 405.19 Mn |
| Sep 30, 2024 | 401.33 Mn |
| Jun 30, 2024 | 382.61 Mn |
| Mar 31, 2024 | 339.38 Mn |
| Dec 31, 2023 | 370.75 Mn |
| Sep 30, 2023 | 353.31 Mn |
| Jun 30, 2023 | 345.95 Mn |
| Mar 31, 2023 | 314.60 Mn |
| Dec 31, 2022 | 308.75 Mn |
| Sep 30, 2022 | 309.53 Mn |
| Jun 30, 2022 | 300.38 Mn |
| Mar 31, 2022 | 288.98 Mn |
| Dec 31, 2021 | 280.59 Mn |
API Access
Msci Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=MSCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "MSCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=MSCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();