FINHUB Insights

MSCI · Q3 FY25 · Jul 1 – Sep 30, 2025

MSCI Q3 FY25: where the revenue came from and where it went

MSCI Q3 FY25: revenue $0.8B (+9% year over year). Net profit $0.33B. Largest cohort Recurring subscriptions $0.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 28, 2025 10-Q
Sankey diagram of MSCI's income statement for Q3 FY25: revenue of $0.79 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.79B +9% year over year
Gross profit$0.66B 83% margin
Operating profit$0.45B 56% margin
Net profit$0.33B 41% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear 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−0.1317%
Gross profit0.6683% margin+1pp
R&D−0.056%+0pp
Sales & marketing−0.0810%+0pp
G&A−0.045%+0pp
Other−0.056%+0pp
Operating profit0.4556% margin+1pp
Tax−0.07
Interest & other costs−0.05
Net profit0.3341%+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.