Msci Inc. (MSCI) Revenue by Segment

Msci revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Msci's largest business segment was Reportable Segment, Aggregation before Other Operating, with $792.30 million or 91% of revenue. Next: Other Operating (9%).

By product or service, Recurring Subscriptions brought in 71%, Asset Based Fees brought in 27% and Non Recurring brought in 2% of revenue in Q2 fiscal 2026.

By region, United States brought in 40%, Other Europe Middle East and Africa Countries brought in 23% and United Kingdom brought in 18% of revenue in Q2 fiscal 2026.

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Msci Inc.

MSCITechnology

United States

Technology

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

IndexReportable Segment, Aggregation before Other OperatingAnalyticsOther OperatingESG and ClimateAll Other Private AssetsAll other segmentsSustainability and Climate

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Reportable Segment, Aggregation before Other Operating	USD 792.30M	91.4%	–
Other Operating	USD 74.70M	8.6%	+4.9%

Sum of items USD 867.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Index	–	–	–	–	434.9M	–	420.2M	–	–	373.9M	388.0M	362.1M	362.3M	339.4M	–	322.2M	320.9M	330.8M	–	321.5M	306.0M	292.5M	–	255.7M	242.9M	249.3M	243.2M	237.4M	225.6M	214.8M	210.4M	210.2M	212.9M	201.9M	–	184.6M
Reportable Segment, Aggregation before Other Operating	792.3M	778.2M	–	723.5M	–	678.5M	–	660.9M	643.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Analytics	–	–	–	–	177.7M	–	172.8M	–	–	164.0M	164.7M	154.3M	149.9M	147.1M	–	144.9M	141.7M	139.8M	–	136.3M	135.9M	134.0M	–	128.3M	127.6M	125.5M	128.2M	123.6M	123.7M	121.4M	121.9M	119.9M	119.1M	119.0M	–	115.0M
Other Operating	74.7M	72.6M	–	70.0M	71.2M	67.3M	65.3M	63.8M	64.9M	64.2M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27.8M	31.0M	30.4M	–	22.5M
ESG and Climate	–	–	–	–	–	–	–	–	–	–	76.3M	73.0M	71.2M	67.1M	–	57.6M	55.1M	52.0M	–	43.7M	39.3M	34.8M	–	28.6M	26.3M	25.2M	–	–	–	–	–	–	–	–	–	–
All Other Private Assets	–	–	–	–	–	–	–	–	–	–	61.1M	36.0M	37.7M	38.7M	–	35.9M	34.0M	37.4M	–	15.6M	17.0M	17.2M	–	12.8M	12.8M	16.8M	–	–	–	–	–	–	–	–	–	–
All other segments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	35.2M	33.2M	36.3M	35.2M	29.3M	–	–	–	–	–
Sustainability and Climate	–	–	–	–	88.9M	–	–	–	–	77.9M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Msci revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Reportable Segment, Aggregation before Other Operating	$792.3M	$778.2M	$723.5M	–	91%
Other Operating	$74.7M	$72.6M	–	$71.2M	9%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Msci revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Recurring Subscriptions	$613.4M	$600.2M	$579.1M	$562.8M	71%
Asset Based Fees	$233.1M	$224.5M	$197.5M	$184.1M	27%
Non Recurring	$20.5M	$26.1M	$16.9M	$25.8M	2%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Msci revenue by region, last 4 quarters

Region	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
United States	$343.7M	$340.5M	$324.2M	$309.9M	40%
Other Europe Middle East and Africa Countries	$195.7M	$188.2M	$175.4M	$171.3M	23%
United Kingdom	$156.6M	$149.7M	$138.1M	$134.3M	18%
Other Asia and Australia Countries	$96.5M	$98.4M	$88.3M	$88.6M	11%
Other America Countries	$39.1M	$36.9M	$34.8M	$36.6M	5%
Japan	$35.4M	$37.1M	$32.5M	$32.0M	4%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Msci's business segments?

Reportable Segment, Aggregation before Other Operating and Other Operating (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Msci?

Reportable Segment, Aggregation before Other Operating: $792.30 million, or 91% of revenue, in Q2 fiscal 2026.

What are Msci's main products and services?

By revenue in Q2 fiscal 2026: Recurring Subscriptions (71%), Asset Based Fees (27%) and Non Recurring (2%).

Where does Msci make its money?

By region in Q2 fiscal 2026: United States (40%), Other Europe Middle East and Africa Countries (23%), United Kingdom (18%) and Other Asia and Australia Countries (11%).

MoreMsci stock overview Msci financials Msci executive team Msci shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

IndexReportable Segment, Aggregation before Other OperatingAnalyticsOther OperatingESG and ClimateAll Other Private AssetsAll other segmentsSustainability and Climate

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Reportable Segment, Aggregation before Other Operating	USD 792.30M	91.4%	–
Other Operating	USD 74.70M	8.6%	+4.9%

Sum of items USD 867.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Index	–	–	–	–	434.9M	–	420.2M	–	–	373.9M	388.0M	362.1M	362.3M	339.4M	–	322.2M	320.9M	330.8M	–	321.5M	306.0M	292.5M	–	255.7M	242.9M	249.3M	243.2M	237.4M	225.6M	214.8M	210.4M	210.2M	212.9M	201.9M	–	184.6M
Reportable Segment, Aggregation before Other Operating	792.3M	778.2M	–	723.5M	–	678.5M	–	660.9M	643.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Analytics	–	–	–	–	177.7M	–	172.8M	–	–	164.0M	164.7M	154.3M	149.9M	147.1M	–	144.9M	141.7M	139.8M	–	136.3M	135.9M	134.0M	–	128.3M	127.6M	125.5M	128.2M	123.6M	123.7M	121.4M	121.9M	119.9M	119.1M	119.0M	–	115.0M
Other Operating	74.7M	72.6M	–	70.0M	71.2M	67.3M	65.3M	63.8M	64.9M	64.2M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27.8M	31.0M	30.4M	–	22.5M
ESG and Climate	–	–	–	–	–	–	–	–	–	–	76.3M	73.0M	71.2M	67.1M	–	57.6M	55.1M	52.0M	–	43.7M	39.3M	34.8M	–	28.6M	26.3M	25.2M	–	–	–	–	–	–	–	–	–	–
All Other Private Assets	–	–	–	–	–	–	–	–	–	–	61.1M	36.0M	37.7M	38.7M	–	35.9M	34.0M	37.4M	–	15.6M	17.0M	17.2M	–	12.8M	12.8M	16.8M	–	–	–	–	–	–	–	–	–	–
All other segments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	35.2M	33.2M	36.3M	35.2M	29.3M	–	–	–	–	–
Sustainability and Climate	–	–	–	–	88.9M	–	–	–	–	77.9M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–