FINHUB Insights

MSCI · Q2 FY25 · Apr 1 – Jun 30, 2025

MSCI Q2 FY25: where the revenue came from and where it went

MSCI Q2 FY25: revenue $0.8B (+9% year over year). Net profit $0.3B. Largest cohort Recurring Subscriptions $0.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 22, 2025 10-Q
Sankey diagram of MSCI's income statement for Q2 FY25: revenue of $0.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.8B +9% year over year
Gross profit$0.6B 82% margin
Operating profit$0.4B 55% margin
Net profit$0.3B 39% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 0.8 100% +9%
Recurring Subscriptions 0.6 75% +8%
Asset Based Fees 0.2 25% +13%
Cost of revenue−0.112%
Gross profit0.682% margin+0pp
Research & development−06%+0pp
Sales & marketing−0.210%+0pp
G&A−05%−1pp
Other−06%+0pp
Operating profit0.455% margin+1pp
Tax−0.1
Net profit0.339%+2pp
Filing on EDGAR More quarters of MSCI

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters