Msci (MSCI) Research & Development (2014 - 2026)
Msci's Research & Development came in at $46 million for Q2 2026, up 4.3% from $44.1 million a year earlier but down 7.3% from the prior quarter.
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Analysis
Msci (MSCI) Research & Development (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Msci reported Research & Development of $181.53 million, up 7.6% year-over-year; for FY2025, it came in at $177.6 million, up 11.9% from FY2024.
- Research & Development has increased in each of the last three years, with a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- Going back by year, Research & Development was $158.65 million in FY2024 (+20.1%), $132.12 million in FY2023 (+23.2%), $107.21 million in FY2022 (-3.9%) and $111.56 million in FY2021 (+10.4%).
- The five-year range for quarterly Research & Development is $23.92 million (Q2 2022) to $49.6 million (Q1 2026).
- Year-over-year, Research & Development has increased for six consecutive quarters, with growth averaging 9.6% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q2 2024 (growth of 36.3%), and the weakest in Q2 2022 (a decline of 13.1%).
- Business Quant data shows MSCI's Research & Development at $49.6 million (Q1 2026), $41.12 million (Q4 2025) and $44.81 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.73 Bn | 112.33 Bn | 2.98 Bn | - |
| 2 | Moodys | 79.69 Bn | 72.12 Bn | 1.67 Bn | - |
| 3 | Msci | 39.48 Bn | 37.82 Bn | 717.10 Mn | 46.00 Mn |
| 4 | Verisk Analytics | 21.83 Bn | 16.47 Bn | 572.90 Mn | - |
| 5 | Equifax | 17.14 Bn | 16.54 Bn | 926.40 Mn | - |
| 6 | TransUnion | 12.68 Bn | 9.66 Bn | - | - |
| 7 | Factset Research Systems | 9.57 Bn | 8.33 Bn | 310.73 Mn | - |
| 8 | Morningstar | 7.19 Bn | 5.09 Bn | 423.90 Mn | - |
| 9 | Mastercard | 494.77 Bn | 454.69 Bn | - | - |
| 10 | Cme | 94.58 Bn | 94.58 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 46.00 Mn |
| Mar 31, 2026 | 49.60 Mn |
| Dec 31, 2025 | 41.12 Mn |
| Sep 30, 2025 | 44.81 Mn |
| Jun 30, 2025 | 44.10 Mn |
| Mar 31, 2025 | 47.60 Mn |
| Dec 31, 2024 | 38.47 Mn |
| Sep 30, 2024 | 38.58 Mn |
| Jun 30, 2024 | 41.07 Mn |
| Mar 31, 2024 | 40.53 Mn |
| Dec 31, 2023 | 39.22 Mn |
| Sep 30, 2023 | 31.44 Mn |
| Jun 30, 2023 | 30.14 Mn |
| Mar 31, 2023 | 31.32 Mn |
| Dec 31, 2022 | 29.03 Mn |
| Sep 30, 2022 | 25.94 Mn |
| Jun 30, 2022 | 23.92 Mn |
| Mar 31, 2022 | 28.32 Mn |
| Dec 31, 2021 | 30.82 Mn |
| Sep 30, 2021 | 28.35 Mn |
API Access
Msci Research & Development 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=research-and-development&ticker=MSCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MSCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();