MSCI (MSCI) Revenue & Revenue Breakdown

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MSCI Revenue Highlights

Latest Revenue (Y)

$2.86B

Latest Revenue (Q)

$793.43M

Main Segment (Y)

Recurring Subscriptions

Main Geography (Y)

Americas

MSCI Revenue by Period

MSCI Revenue by Year

Date	Revenue	Change
2024-12-31	$2.86B	12.94%
2023-12-31	$2.53B	12.47%
2022-12-31	$2.25B	10.03%
2021-12-31	$2.04B	20.54%
2020-12-31	$1.70B	8.83%
2019-12-31	$1.56B	8.63%
2018-12-31	$1.43B	12.54%
2017-12-31	$1.27B	10.73%
2016-12-31	$1.15B	7.04%
2015-12-31	$1.08B	7.86%
2014-12-31	$996.68M	-3.76%
2013-12-31	$1.04B	9.00%
2012-12-31	$950.14M	5.46%
2011-12-31	$900.94M	35.91%
2010-11-30	$662.90M	49.66%
2009-11-30	$442.95M	2.78%
2008-11-30	$430.96M	16.51%
2007-11-30	$369.89M	19.05%
2006-11-30	$310.70M	11.57%
2005-11-30	$278.47M	56.06%
2004-11-30	$178.45M	95.50%
2003-11-30	$91.28M	-

MSCI generated $2.86B in revenue during NA 2024, up 12.94% compared to the previous quarter, and up 183.34% compared to the same period a year ago.

MSCI Revenue by Quarter

Date	Revenue	Change
2025-09-30	$793.43M	2.69%
2025-06-30	$772.68M	3.60%
2025-03-31	$745.83M	0.31%
2024-12-31	$743.51M	2.59%
2024-09-30	$724.71M	2.37%
2024-06-30	$707.95M	4.12%
2024-03-31	$679.97M	-1.47%
2023-12-31	$690.11M	10.34%
2023-09-30	$625.44M	0.69%
2023-06-30	$621.16M	4.89%
2023-03-31	$592.22M	2.78%
2022-12-31	$576.21M	2.78%
2022-09-30	$560.64M	1.60%
2022-06-30	$551.81M	-1.45%
2022-03-31	$559.95M	1.84%
2021-12-31	$549.84M	6.33%
2021-09-30	$517.10M	3.80%
2021-06-30	$498.18M	4.13%
2021-03-31	$478.42M	7.84%
2020-12-31	$443.66M	4.31%
2020-09-30	$425.33M	3.84%
2020-06-30	$409.62M	-1.72%
2020-03-31	$416.78M	2.50%
2019-12-31	$406.61M	3.13%
2019-09-30	$394.25M	2.25%
2019-06-30	$385.56M	3.82%
2019-03-31	$371.38M	2.68%
2018-12-31	$361.69M	1.05%
2018-09-30	$357.93M	-1.41%
2018-06-30	$363.05M	3.34%
2018-03-31	$351.32M	4.94%
2017-12-31	$334.78M	3.94%
2017-09-30	$322.10M	1.90%
2017-06-30	$316.09M	4.94%
2017-03-31	$301.21M	2.87%
2016-12-31	$292.81M	1.52%
2016-09-30	$288.43M	-0.74%
2016-06-30	$290.60M	4.22%
2016-03-31	$278.83M	2.17%
2015-12-31	$272.89M	1.53%
2015-09-30	$268.77M	-0.67%
2015-06-30	$270.58M	2.97%
2015-03-31	$262.77M	4.65%
2014-12-31	$251.10M	-0.22%
2014-09-30	$251.66M	-1.01%
2014-06-30	$254.23M	6.07%
2014-03-31	$239.69M	-10.44%
2013-12-31	$267.62M	3.63%
2013-09-30	$258.24M	0.13%
2013-06-30	$257.90M	2.38%
2013-03-31	$251.91M	1.95%
2012-12-31	$247.08M	4.94%
2012-09-30	$235.44M	-1.31%
2012-06-30	$238.56M	4.15%
2012-03-31	$229.05M	1.29%
2011-12-31	$226.13M	0.49%
2011-09-30	$225.03M	-0.64%
2011-06-30	$226.48M	1.43%
2011-03-31	$223.30M	4.68%
2010-11-30	$213.32M	5.22%
2010-08-31	$202.73M	61.97%
2010-05-31	$125.17M	2.87%
2010-02-28	$121.68M	2.43%
2009-11-30	$118.79M	9.11%
2009-08-31	$108.87M	-0.46%
2009-05-31	$109.38M	3.27%
2009-02-28	$105.92M	-1.40%
2008-11-30	$107.42M	-2.70%
2008-08-31	$110.40M	2.04%
2008-05-31	$108.19M	3.09%
2008-02-29	$104.95M	-

MSCI generated $793.43M in revenue during Q3 2025, up 2.69% compared to the previous quarter, and up 112.07% compared to the same period a year ago.

MSCI Revenue Breakdown

MSCI Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 21	Dec 20	Dec 19
Asset Based Fees	$657.50M	$557.50M	-	-	-
Non Recurring	$84.18M	$100.13M	-	-	-
Recurring Subscriptions	$2.11B	-	-	-	-
E S G And Climate Segment	-	$287.57M	-	-	-
Analytics	-	$615.96M	$544.30M	$513.81M	$496.93M
Index	-	$1.45B	$1.25B	$1.02B	$920.94M
All Other Segments	-	$173.58M	$165.09M	$139.93M	-
E S G And Climate	-	-	$166.19M	-	-
All Other Private Assets	-	-	$81.29M	-	-

MSCI's latest annual revenue breakdown by segment (product or service), as of Dec 24: Recurring Subscriptions (74.03%), Asset Based Fees (23.02%), and Non Recurring (2.95%).

Quarterly Revenue by Product

Product/Service	Sep 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Asset Based Fees	$197.51M	$177.41M	$325.60M	$168.62M	$163.28M	$150.26M	$416.44M	$141.07M	$125.24M	-	-	-	-	-	-	-	-	-	-	-
Recurring Subscriptions	$579.06M	$552.64M	$1.06B	$536.62M	$521.47M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	$16.85M	$15.77M	$41.52M	$19.46M	$23.20M	$16.65M	$80.75M	$19.38M	$18.47M	-	-	-	-	-	-	-	-	-	-	-
E S G And Climate Segment	-	-	-	-	-	$77.88M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
All Other Segments	-	-	-	-	-	$64.24M	$42.62M	$41.30M	$39.15M	$42.02M	-	-	-	-	-	-	-	-	-	-
Analytics	-	-	-	-	-	$163.97M	$144.91M	$141.68M	$139.80M	$138.08M	$136.30M	$135.90M	$134.02M	$132.40M	$128.34M	$127.56M	$125.51M	-	-	-
Index	-	-	-	-	-	$373.87M	$322.24M	$320.95M	$330.76M	$331.81M	$321.50M	$305.96M	$292.49M	$268.64M	$255.69M	$242.91M	$249.26M	-	-	-
E S G And Climate	-	-	-	-	-	-	-	-	-	$57.59M	$55.13M	$52.03M	$48.44M	$43.69M	$39.31M	$34.75M	-	-	-	-
All Other Private Assets	-	-	-	-	-	-	-	-	-	$35.89M	$34.05M	$37.36M	$31.51M	$15.61M	$17.01M	$17.16M	-	-	-	-

MSCI's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Recurring Subscriptions (72.98%), Asset Based Fees (24.89%), and Non Recurring (2.12%).

MSCI Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Other Asia And Australia Countries	$332.22M	$295.00M	$263.61M	$230.29M	$192.69M
Other Europe Middle East And Africa Countries	$632.13M	$569.03M	$512.02M	$454.24M	$364.55M
UNITED KINGDOM	$479.67M	$408.09M	-	-	-
UNITED STATES	$1.17B	$1.04B	$934.46M	$836.88M	$723.96M
Americas	$1.30B	$1.16B	$1.03B	$922.62M	$795.37M
Asia And Australia	$446.37M	$395.82M	$354.87M	$321.70M	$273.29M
E M E A	$1.11B	$977.12M	$799.22M	$626.74M	-
JAPAN	$114.16M	$100.82M	$91.26M	$91.42M	$80.59M
Other America Countries	$128.95M	$111.97M	$96.02M	$85.74M	$71.41M
EMEA	-	$977.12M	$863.24M	-	-

MSCI's latest annual revenue breakdown by geography, as of Dec 24: Americas (22.72%), UNITED STATES (20.46%), E M E A (19.46%), Other Europe Middle East And Africa Countries (11.07%), UNITED KINGDOM (8.40%), Asia And Australia (7.81%), Other Asia And Australia Countries (5.82%), Other America Countries (2.26%), and JAPAN (2.00%).

Quarterly Revenue by Country

Country	Sep 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Americas	$359.02M	$336.10M	$333.28M	$330.21M	$323.43M	$311.03M	$331.69M	$274.33M	$284.01M	$265.95M	$263.64M	$257.65M	$253.37M	$255.82M	$248.14M	$235.82M	$221.81M	$216.86M	$205.61M	$198.25M
UNITED STATES	$324.17M	$302.37M	$300.30M	$297.58M	$290.44M	$280.68M	$303.08M	$246.09M	$256.43M	$238.42M	$238.18M	$233.20M	$229.73M	$233.36M	$225.65M	$200.78M	$196.69M	$186.89M	$180.21M	-
UNITED KINGDOM	$138.12M	$123.71M	$127.75M	$122.38M	$116.25M	$113.29M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Europe Middle East And Africa Countries	$175.41M	$169.10M	$165.43M	$157.74M	$157.28M	$151.68M	$148.04M	$142.83M	$139.85M	$138.32M	$132.32M	$125.61M	$122.52M	$131.57M	$121.69M	$113.10M	$113.26M	$106.19M	$95.87M	$90.54M
Other Asia And Australia Countries	$88.34M	$86.71M	$87.27M	$85.54M	$82.03M	$77.38M	$73.12M	$78.29M	$73.32M	$70.27M	$70.43M	$66.92M	$63.89M	$62.37M	$62.63M	$57.70M	$55.32M	$54.64M	$51.44M	$51.51M
Other America Countries	$34.85M	$33.73M	$32.98M	$32.63M	$32.99M	$30.36M	$28.61M	$28.24M	$27.57M	$27.54M	$25.46M	$24.45M	$23.64M	$22.47M	$22.48M	$22.06M	$21.03M	$20.17M	$18.72M	$18.04M
JAPAN	$32.53M	$30.20M	$29.78M	$28.83M	$28.97M	$26.57M	$25.57M	$24.96M	$24.29M	$26.02M	$23.45M	$21.78M	$22.84M	$23.19M	$23.40M	$22.99M	$21.64M	$21.59M	$19.89M	-
E M E A	$313.54M	$292.82M	$293.18M	$280.12M	$273.52M	$264.98M	$211.70M	$218.56M	$215.68M	$200.20M	$198.06M	$185.28M	$165.02M	$155.69M	-	-	-	-	-	-
Asia And Australia	$120.87M	$116.91M	$117.05M	$114.37M	$111.00M	$103.95M	$98.68M	$103.25M	$97.61M	$96.29M	$93.87M	$88.70M	$86.73M	$85.56M	$86.03M	$81.08M	$78.31M	$76.29M	$73.03M	$71.39M
EMEA	-	-	-	-	-	$264.98M	$259.74M	$247.86M	$239.54M	$229.98M	$218.69M	$214.29M	-	-	-	-	-	-	-	-
U S	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$213.76M	-	-	-	-
J P	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$23.38M	-	-	-	-

MSCI's latest quarterly revenue breakdown by geography, as of Sep 25: Americas (22.62%), UNITED STATES (20.43%), E M E A (19.76%), Other Europe Middle East And Africa Countries (11.05%), UNITED KINGDOM (8.70%), Asia And Australia (7.62%), Other Asia And Australia Countries (5.57%), Other America Countries (2.20%), and JAPAN (2.05%).

MSCI Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
JPM	JPMorgan Chase	$166.88B	$71.90B
MET	MetLife	$70.99B	$17.36B
ALL	Allstate	$64.11B	$16.62B
BSBR	Banco Santander (Brasil)	$38.90B	$11.24B
AIG	American Group	$27.25B	$-13.87B
AMP	Ameriprise Financial	$17.93B	$4.56B
NDAQ	Nasdaq	$7.40B	$1.96B
RKT	Rocket Companies	$5.10B	$1.79B
MSCI	MSCI	$2.86B	$793.43M
SOFI	SoFi	$2.81B	$1.27B

MSCI Revenue FAQ

What is MSCI’s yearly revenue?

MSCI's yearly revenue for 2024 was $2.86B, representing an increase of 12.94% compared to 2023. The company's yearly revenue for 2023 was $2.53B, representing an increase of 12.47% compared to 2022. MSCI's yearly revenue for 2022 was $2.25B, representing an increase of 10.03% compared to 2021.

What is MSCI’s quarterly revenue?

MSCI's quarterly revenue for Q3 2025 was $793.43M, a 2.69% increase from the previous quarter (Q2 2025), and a 9.48% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $772.68M, a 3.60% increase from the previous quarter (Q1 2025), and a 9.14% increase year-over-year (Q2 2024). MSCI's quarterly revenue for Q1 2025 was $745.83M, a 0.31% increase from the previous quarter (Q4 2024), and a 9.69% increase year-over-year (Q1 2024).

What is MSCI’s revenue growth rate?

MSCI's revenue growth rate for the last 3 years (2022-2024) was 27.02%, and for the last 5 years (2020-2024) was 68.46%.

What are MSCI’s revenue streams?

MSCI's revenue streams in c 24 are Asset Based Fees, Non Recurring, and Recurring Subscriptions. Asset Based Fees generated $657.5M in revenue, accounting 23.02% of the company's total revenue, up 17.94% year-over-year. Non Recurring generated $84.18M in revenue, accounting 2.95% of the company's total revenue, down -15.93% year-over-year. Recurring Subscriptions generated $2.11B in revenue, accounting 74.03% of the company's total revenue

What is MSCI’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of MSCI was Recurring Subscriptions. This segment made a revenue of $2.11B, representing 74.03% of the company's total revenue.