FINHUB Insights

MSCI · Q1 FY26 · Jan 1 – Mar 31, 2026

MSCI Q1 FY26: where the revenue came from and where it went

MSCI Q1 FY26: revenue $0.9B (+14% year over year). Net profit $0.4B. Largest cohort Recurring Subscriptions $0.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 21, 2026 10-Q
Sankey diagram of MSCI's income statement for Q1 FY26: revenue of $0.9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$0.9B +14% year over year
Gross profit$0.7B 83% margin
Operating profit$0.5B 54% margin
Net profit$0.4B 48% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 0.9 100% +14%
Recurring Subscriptions 0.6 67% +9%
Asset Based Fees 0.2 22% +27%
Cost of revenue−0.111%
Gross profit0.783% margin+2pp
Research & development−06%−1pp
Sales & marketing−0.110%+0pp
G&A−0.18%+0pp
Other−06%+0pp
Operating profit0.554% margin+3pp
Interest & other costs−0.1
Net profit0.448%+9pp
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