MSCI

MSCI Financials Market cap $40.3B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 21, 2026

Revenue$0.87B +12% year over year

Gross profit$0.72B 83% margin

Operating profit$0.49B 56% margin

Net profit$0.34B 39% margin

The numbers behind the diagram

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	0.87	100%	+12%
Recurring subscriptions	0.61	71%	+9%
Asset based fees	0.23	27%	+27%
Non recurring	0.02	2%	−21%
Cost of revenue	−0.15	17%
Gross profit	0.72	83% margin	+1pp
R&D	−0.05	6%	+0pp
Sales & marketing	−0.09	10%	+0pp
G&A	−0.05	5%	+0pp
Other	−0.05	6%	+0pp
Operating profit	0.49	56% margin	+1pp
Interest & other costs	−0.07
Tax	−0.08
Net profit	0.34	39% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	0.85	100%	+14%
Recurring subscriptions	0.60	71%	+9%
Asset based fees	0.23	26%	+27%
Non recurring	0.03	3%	+65%
Cost of revenue	−0.14	17%
Gross profit	0.71	83% margin	+2pp
R&D	−0.05	6%	−1pp
Sales & marketing	−0.09	10%	+0pp
G&A	−0.07	8%	+0pp
Other	−0.05	6%	+0pp
Operating profit	0.46	54% margin	+3pp
Interest & other costs	−0.07
Tax benefit	0.02
Net profit	0.41	48% margin	+9pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	0.82	100%	+11%
Recurring subscriptions	0.58	71%	+8%
Asset based fees	0.21	26%	+21%
Non recurring	0.03	3%	+7%
Cost of revenue	−0.14	17%
Gross profit	0.68	83% margin	+0pp
R&D	−0.04	5%	+0pp
Sales & marketing	−0.08	10%	+0pp
G&A	−0.04	5%	−1pp
Other	−0.05	6%	+0pp
Operating profit	0.46	56% margin	+2pp
Interest & other costs	−0.08
Tax	−0.10
Net profit	0.29	35% margin	−6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.79	100%	+9%
Recurring subscriptions	0.58	73%	+8%
Asset based fees	0.20	25%	+17%
Non recurring	0.02	2%	−13%
Cost of revenue	−0.13	17%
Gross profit	0.66	83% margin	+1pp
R&D	−0.05	6%	+0pp
Sales & marketing	−0.08	10%	+0pp
G&A	−0.04	5%	+0pp
Other	−0.05	6%	+0pp
Operating profit	0.45	56% margin	+1pp
Interest & other costs	−0.05
Tax	−0.07
Net profit	0.33	41% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	0.77	100%	+9%
Recurring subscriptions	0.56	73%	+8%
Asset based fees	0.18	24%	+13%
Non recurring	0.03	3%	+11%
Cost of revenue	−0.14	18%
Gross profit	0.64	82% margin	+0pp
R&D	−0.04	6%	+0pp
Sales & marketing	−0.08	10%	+0pp
G&A	−0.04	5%	−1pp
Other	−0.05	6%	+0pp
Operating profit	0.43	55% margin	+1pp
Interest & other costs	−0.05
Tax	−0.07
Net profit	0.30	39% margin	+2pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 21, 2026 Operating margin 56% Net profit $0.34B	Apr 1 – Jun 30, 2026	Jul 21, 2026	$0.87B	+12%	56%	$0.34B	39%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 21, 2026 Operating margin 54% Net profit $0.41B	Jan 1 – Mar 31, 2026	Apr 21, 2026	$0.85B	+14%	54%	$0.41B	48%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 6, 2026 Operating margin 56% Net profit $0.29B	Oct 1 – Dec 31, 2025	Feb 6, 2026	$0.82B	+11%	56%	$0.29B	35%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 28, 2025 Operating margin 56% Net profit $0.33B	Jul 1 – Sep 30, 2025	Oct 28, 2025	$0.79B	+9%	56%	$0.33B	41%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 22, 2025 Operating margin 55% Net profit $0.30B	Apr 1 – Jun 30, 2025	Jul 22, 2025	$0.77B	+9%	55%	$0.30B	39%