Msci (MSCI) Operating Margin (2010 - 2026)
Msci posted quarterly Operating Margin of 53.7% for Q1 2026, up 315.0% year-on-year from 12.94% in Q1 2025, and down 4.72% on a QoQ basis from 56.37% in Q4 2025.
Msci (MSCI) has 17 years of Operating Margin data on file, last reported at 53.7% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 315.0% year-over-year to 53.7%; the trailing twelve-month figure through Mar 2026 stood at 55.36% (up 176.0% YoY), and the FY2025 full-year result was 54.67%, up 115.0% from the prior year.
- Operating Margin for Q1 2026 stood at 53.7%, down from 56.37% in the prior quarter.
- Across five years, Operating Margin topped out at 56.49% in Q3 2023 and bottomed at 49.91% in Q1 2024.
- The 5-year median for Operating Margin is 54.44% (2022), against an average of 54.1%.
- The widest annual swing landed in 2024, when Operating Margin plunged 321 bps; it then soared 315 bps in 2026.
- A 5-year view of Operating Margin shows it stood at 53.58% in 2022, then gained by 0 bps to 53.72% in 2023, then climbed by 1 bps to 54.5% in 2024, then gained by 3 bps to 56.37% in 2025, then retreated by 5 bps to 53.7% in 2026.
- The last three Operating Margin figures came in at 53.7% (Q1 2026), 56.37% (Q4 2025), and 56.42% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 48.00% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 69.66% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 55.93% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 44.35% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 30.74% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 53.70% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 39.72% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 19.65% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 30.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 53.70% |
| Dec 31, 2025 | 56.37% |
| Sep 30, 2025 | 56.42% |
| Jun 30, 2025 | 55.03% |
| Mar 31, 2025 | 50.55% |
| Dec 31, 2024 | 54.50% |
| Sep 30, 2024 | 55.38% |
| Jun 30, 2024 | 54.04% |
| Mar 31, 2024 | 49.91% |
| Dec 31, 2023 | 53.72% |
| Sep 30, 2023 | 56.49% |
| Jun 30, 2023 | 55.69% |
| Mar 31, 2023 | 53.12% |
| Dec 31, 2022 | 53.58% |
| Sep 30, 2022 | 55.21% |
| Jun 30, 2022 | 54.44% |
| Mar 31, 2022 | 51.61% |
| Dec 31, 2021 | 51.03% |
| Sep 30, 2021 | 54.19% |
| Jun 30, 2021 | 51.69% |
| Mar 31, 2021 | 53.17% |
| Dec 31, 2020 | 52.76% |
| Sep 30, 2020 | 53.52% |
| Jun 30, 2020 | 52.53% |
| Mar 31, 2020 | 49.88% |
| Dec 31, 2019 | 49.05% |
| Sep 30, 2019 | 51.04% |
| Jun 30, 2019 | 49.90% |
| Mar 31, 2019 | 43.80% |
| Dec 31, 2018 | 46.95% |
| Sep 30, 2018 | 49.28% |
| Jun 30, 2018 | 47.79% |
| Mar 31, 2018 | 47.58% |
| Dec 31, 2017 | 46.04% |
| Sep 30, 2017 | 46.20% |
| Jun 30, 2017 | 46.22% |
| Mar 31, 2017 | 43.40% |
| Dec 31, 2016 | 43.04% |
| Sep 30, 2016 | 42.73% |
| Jun 30, 2016 | 43.25% |
| Mar 31, 2016 | 40.58% |
| Dec 31, 2015 | 39.41% |
| Sep 30, 2015 | 40.59% |
| Jun 30, 2015 | 36.41% |
| Mar 31, 2015 | 33.77% |
| Dec 31, 2014 | 33.89% |
| Sep 30, 2014 | 33.39% |
| Jun 30, 2014 | 34.82% |
| Mar 31, 2014 | 33.17% |
| Dec 31, 2013 | 35.31% |
| Sep 30, 2013 | 36.70% |
| Jun 30, 2013 | 39.35% |
| Mar 31, 2013 | 37.77% |
| Dec 31, 2012 | 38.57% |
| Sep 30, 2012 | 35.48% |
| Jun 30, 2012 | 36.52% |
| Mar 31, 2012 | 35.35% |
| Dec 31, 2011 | 36.10% |
| Sep 30, 2011 | 36.55% |
| Jun 30, 2011 | 36.51% |
| Mar 31, 2011 | 33.78% |
| Nov 30, 2010 | 33.15% |
| Aug 31, 2010 | 20.45% |
| May 31, 2010 | 37.31% |
| Feb 28, 2010 | 38.84% |