MSCI · Business segments
MSCI (MSCI) revenue by segment
Where MSCI’s revenue comes from, as reported in its SEC filings.
Latest quarter: September 30, 2026
Total revenue on the income statement: $892M.
Revenue by Geography
| Line | Revenue | Share |
|---|---|---|
| United States | $356M | 39.9% |
| Other Europe Middle East and Africa Countries | $197.4M | 22.1% |
| United Kingdom | $163.9M | 18.4% |
| Other Asia and Australia Countries | $98.2M | 11.0% |
| Other America Countries | $39.7M | 4.5% |
| Japan | $36.8M | 4.1% |
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Recurring Subscriptions | $623.6M | 69.9% |
| Asset Based Fees | $246.6M | 27.6% |
| Non Recurring | $21.8M | 2.4% |
Revenue by Segment
| Line | Revenue | Share |
|---|---|---|
| Index | $532.6M | 59.7% |
| Analytics | $191M | 21.4% |
| Sustainability and Climate | $93.7M | 10.5% |
| All Other Segments | $74.7M | 8.4% |
Latest year: December 31, 2025
Total revenue on the income statement: $3.13B.
Revenue by Geography
| Line | Revenue | Share |
|---|---|---|
| United States | $1.27B | 40.4% |
| Other Europe Middle East and Africa Countries | $698.5M | 22.3% |
| United Kingdom | $543.5M | 17.3% |
| Other Asia and Australia Countries | $356.8M | 11.4% |
| Other America Countries | $140.7M | 4.5% |
| Japan | $127.6M | 4.1% |
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Recurring Subscriptions | $2.28B | 72.7% |
| Asset Based Fees | $770.7M | 24.6% |
| Non Recurring | $85.1M | 2.7% |
Revenue by Segment
| Line | Revenue | Share |
|---|---|---|
| Index | $1.79B | 57.0% |
| Analytics | $714.4M | 22.8% |
| Sustainability and Climate | $353.9M | 11.3% |
| All Other Segments | $279.3M | 8.9% |
Reading notes
Share is each line’s part of that breakdown. Margin is the company’s reported segment operating income divided by that segment’s revenue. Companies define segment profit differently and may re-cut segments over time, so a company’s lines can differ between years. Breakdowns that do not add up to within 5% of reported revenue are left out.