MSCI

MSCI · Financials · Market cap $41.7B

Q2 FY26 Jun 30, 2026 reported Jul 21, 2026

Revenue$0.9B +12% year over year

Gross profit$0.7B

Operating profit$0.5B

Net profit$0.3B 39% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.9	100%	+12%
Recurring Subscriptions	0.6	67%	+9%
Asset Based Fees	0.2	22%	+27%
Cost of revenue	−0.1	11%
Gross profit	0.7	83% margin	+1pp
Research & development	−0	5%	+0pp
Sales & marketing	−0.1	10%	+0pp
G&A	−0	5%	+0pp
Other	−0.1	6%	+0pp
Operating profit	0.5	56% margin	+1pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.3	39%	+0pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.9	100%	+14%
Recurring Subscriptions	0.6	67%	+9%
Asset Based Fees	0.2	22%	+27%
Cost of revenue	−0.1	11%
Gross profit	0.7	83% margin	+2pp
Research & development	−0	6%	−1pp
Sales & marketing	−0.1	10%	+0pp
G&A	−0.1	8%	+0pp
Other	−0	6%	+0pp
Operating profit	0.5	54% margin	+3pp
Interest & other costs	−0.1
Net profit	0.4	48%	+9pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.8	100%	+11%
Recurring Subscriptions	0.6	75%	+8%
Asset Based Fees	0.2	25%	+21%
Cost of revenue	−0.1	12%
Gross profit	0.7	83% margin	+0pp
Research & development	−0	5%	+0pp
Sales & marketing	−0.2	10%	+0pp
G&A	−0	5%	−1pp
Other	−0	6%	+0pp
Operating profit	0.5	56% margin	+2pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.3	35%	−6pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.8	100%	+9%
Recurring Subscriptions	0.6	75%	+8%
Asset Based Fees	0.2	25%	+13%
Cost of revenue	−0.1	12%
Gross profit	0.6	82% margin	+0pp
Research & development	−0	6%	+0pp
Sales & marketing	−0.2	10%	+0pp
G&A	−0	5%	−1pp
Other	−0	6%	+0pp
Operating profit	0.4	55% margin	+1pp
Tax	−0.1
Net profit	0.3	39%	+2pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 30, 2026	Jul 21, 2026	$0.9B	+12%	56%	$0.3B	39%
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 21, 2026	$0.9B	+14%	56%	$0.4B	48%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 6, 2026	$0.8B	+11%	62%	$0.3B	35%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 22, 2025	$0.8B	+9%	50%	$0.3B	39%