MSCI (MSCI) Revenue & Revenue Breakdown

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MSCI Revenue Highlights

Latest Revenue (Y)

$2.53B

Latest Revenue (Q)

$724.71M

Main Segment (Y)

Asset Based Fees

Main Geography (Y)

Americas

MSCI Revenue by Period

MSCI Revenue by Year

Date	Revenue	Change
2023-12-31	$2.53B	12.47%
2022-12-31	$2.25B	10.03%
2021-12-31	$2.04B	20.54%
2020-12-31	$1.70B	8.83%
2019-12-31	$1.56B	8.63%
2018-12-31	$1.43B	12.54%
2017-12-31	$1.27B	10.73%
2016-12-31	$1.15B	7.04%
2015-12-31	$1.08B	7.86%
2014-12-31	$996.68M	-3.76%
2013-12-31	$1.04B	9.00%
2012-12-31	$950.14M	5.46%
2011-12-31	$900.94M	35.91%
2010-11-30	$662.90M	49.66%
2009-11-30	$442.95M	2.78%
2008-11-30	$430.96M	16.51%
2007-11-30	$369.89M	19.05%
2006-11-30	$310.70M	11.57%
2005-11-30	$278.47M	56.06%
2004-11-30	$178.45M	95.50%
2003-11-30	$91.28M	-

MSCI generated $2.53B in revenue during NA 2023, up 12.47% compared to the previous quarter, and up 176.36% compared to the same period a year ago.

MSCI Revenue by Quarter

Date	Revenue	Change
2024-09-30	$724.71M	2.37%
2024-06-30	$707.95M	4.12%
2024-03-31	$679.97M	-1.47%
2023-12-31	$690.11M	10.34%
2023-09-30	$625.44M	0.69%
2023-06-30	$621.16M	4.89%
2023-03-31	$592.22M	2.78%
2022-12-31	$576.21M	2.78%
2022-09-30	$560.64M	1.60%
2022-06-30	$551.81M	-1.45%
2022-03-31	$559.95M	1.84%
2021-12-31	$549.84M	6.33%
2021-09-30	$517.10M	3.80%
2021-06-30	$498.18M	4.13%
2021-03-31	$478.42M	7.84%
2020-12-31	$443.66M	4.31%
2020-09-30	$425.33M	3.84%
2020-06-30	$409.62M	-1.72%
2020-03-31	$416.78M	2.50%
2019-12-31	$406.61M	3.13%
2019-09-30	$394.25M	2.25%
2019-06-30	$385.56M	3.82%
2019-03-31	$371.38M	2.68%
2018-12-31	$361.69M	1.05%
2018-09-30	$357.93M	-1.41%
2018-06-30	$363.05M	3.34%
2018-03-31	$351.32M	4.94%
2017-12-31	$334.78M	3.94%
2017-09-30	$322.10M	1.90%
2017-06-30	$316.09M	4.94%
2017-03-31	$301.21M	2.87%
2016-12-31	$292.81M	1.52%
2016-09-30	$288.43M	-0.74%
2016-06-30	$290.60M	4.22%
2016-03-31	$278.83M	2.17%
2015-12-31	$272.89M	1.53%
2015-09-30	$268.77M	-0.67%
2015-06-30	$270.58M	2.97%
2015-03-31	$262.77M	4.65%
2014-12-31	$251.10M	-0.22%
2014-09-30	$251.66M	-1.01%
2014-06-30	$254.23M	6.07%
2014-03-31	$239.69M	-10.44%
2013-12-31	$267.62M	3.63%
2013-09-30	$258.24M	0.13%
2013-06-30	$257.90M	2.38%
2013-03-31	$251.91M	1.95%
2012-12-31	$247.08M	4.94%
2012-09-30	$235.44M	-1.31%
2012-06-30	$238.56M	4.15%
2012-03-31	$229.05M	1.29%
2011-12-31	$226.13M	0.49%
2011-09-30	$225.03M	-0.64%
2011-06-30	$226.48M	1.43%
2011-03-31	$223.30M	4.68%
2010-11-30	$213.32M	5.22%
2010-08-31	$202.73M	61.97%
2010-05-31	$125.17M	2.87%
2010-02-28	$121.68M	2.43%
2009-11-30	$118.79M	9.11%
2009-08-31	$108.87M	-0.46%
2009-05-31	$109.38M	3.27%
2009-02-28	$105.92M	-1.40%
2008-11-30	$107.42M	-2.70%
2008-08-31	$110.40M	2.04%
2008-05-31	$108.19M	3.09%
2008-02-29	$104.95M	-

MSCI generated $724.71M in revenue during Q3 2024, up 2.37% compared to the previous quarter, and up 116.67% compared to the same period a year ago.

MSCI Revenue Breakdown

MSCI Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 21	Dec 20	Dec 19	Dec 18
Asset Based Fees	$557.50M	-	-	-	-
Non Recurring	$100.13M	-	-	-	-
Index	-	$1.25B	$1.02B	$920.94M	$835.48M
All Other Private Assets	-	$81.29M	-	-	-
E S G And Climate	-	$166.19M	-	-	-
Analytics	-	$544.30M	$513.81M	$496.93M	$479.94M
All Other Segments	-	-	$165.09M	$139.93M	$118.57M

MSCI's latest annual revenue breakdown by segment (product or service), as of Dec 23: Asset Based Fees (84.77%), and Non Recurring (15.23%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19
Asset Based Fees	$168.62M	$163.28M	$150.26M	$416.44M	$141.07M	$125.24M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Recurring	$19.46M	$23.20M	$16.65M	$80.75M	$19.38M	$18.47M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recurring Subscriptions	$536.62M	$521.47M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Analytics	-	-	$163.97M	$144.91M	$141.68M	$139.80M	$138.08M	$136.30M	$135.90M	$134.02M	$132.40M	$128.34M	$127.56M	$125.51M	$128.21M	$123.60M	$123.68M	-	-	-
E S G And Climate Segment	-	-	$77.88M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
All Other Segments	-	-	$64.24M	$42.62M	$41.30M	$39.15M	$42.02M	$35.21M	$33.22M	$36.33M	-	-	-	-	-	-	-	-	-	-
Index	-	-	$373.87M	$322.24M	$320.95M	$330.76M	$331.81M	$321.50M	$305.96M	$292.49M	$268.64M	$255.69M	$242.91M	$249.26M	$243.19M	$237.43M	$225.55M	-	-	-
All Other Private Assets	-	-	-	-	-	-	$35.89M	$34.05M	$37.36M	$31.51M	$15.61M	$17.01M	$17.16M	-	-	-	-	-	-	-
E S G And Climate	-	-	-	-	-	-	$57.59M	$55.13M	$52.03M	$48.44M	$43.69M	$39.31M	$34.75M	-	-	-	-	-	-	-

MSCI's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Recurring Subscriptions (74.05%), Asset Based Fees (23.27%), and Non Recurring (2.69%).

MSCI Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$1.04B	$934.46M	$836.88M	$723.96M	$698.11M
Asia And Australia	$395.82M	$354.87M	$321.70M	$273.29M	$233.55M
EMEA	$977.12M	$863.24M	-	-	-
JAPAN	$100.82M	$91.26M	$91.42M	$80.59M	$71.63M
Americas	$1.16B	$1.03B	$922.62M	$795.37M	$764.10M
Other America Countries	$111.97M	$96.02M	$85.74M	$71.41M	$66.00M
Other Asia And Australia Countries	$295.00M	$263.61M	$230.29M	$192.69M	$161.92M
Other Europe Middle East And Africa Countries	$569.03M	$512.02M	$454.24M	$364.55M	$325.22M
E M E A	-	-	$799.22M	$626.74M	$560.15M

MSCI's latest annual revenue breakdown by geography, as of Dec 23: Americas (24.86%), UNITED STATES (22.45%), EMEA (21.01%), Other Europe Middle East And Africa Countries (12.24%), Asia And Australia (8.51%), Other Asia And Australia Countries (6.34%), Other America Countries (2.41%), and JAPAN (2.17%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
JAPAN	$28.83M	$28.97M	$26.57M	$25.57M	$24.96M	$24.29M	$26.02M	$23.45M	$21.78M	$22.84M	$23.19M	$23.40M	$22.99M	$21.64M	$21.59M	$19.89M	$19.73M	$19.39M	$18.79M	-
E M E A	$280.12M	$273.52M	$264.98M	$211.70M	$218.56M	$215.68M	$200.20M	$198.06M	$185.28M	$165.02M	$155.69M	$153.03M	$152.99M	$147.42M	-	-	-	-	-	-
UNITED STATES	$297.58M	$290.44M	$280.68M	$303.08M	$246.09M	$256.43M	$238.42M	$238.18M	$233.20M	$229.73M	$233.36M	$225.65M	$200.78M	$196.69M	$186.89M	$180.21M	$175.82M	$181.05M	$181.54M	-
UNITED KINGDOM	$122.38M	$116.25M	$113.29M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Americas	$330.21M	$323.43M	$311.03M	$331.69M	$274.33M	$284.01M	$265.95M	$263.64M	$257.65M	$253.37M	$255.82M	$248.14M	$235.82M	$221.81M	$216.86M	$205.61M	$198.25M	$192.71M	$198.80M	$198.87M
Asia And Australia	$114.37M	$111.00M	$103.95M	$98.68M	$103.25M	$97.61M	$96.29M	$93.87M	$88.70M	$86.73M	$85.56M	$86.03M	$81.08M	$78.31M	$76.29M	$73.03M	$71.39M	$63.87M	$64.99M	$60.32M
Other Europe Middle East And Africa Countries	$157.74M	$157.28M	$151.68M	$148.04M	$142.83M	$139.85M	$138.32M	$132.32M	$125.61M	$122.52M	$131.57M	$121.69M	$113.10M	$113.26M	$106.19M	$95.87M	$90.54M	$90.21M	$87.93M	$87.48M
Other Asia And Australia Countries	$85.54M	$82.03M	$77.38M	$73.12M	$78.29M	$73.32M	$70.27M	$70.43M	$66.92M	$63.89M	$62.37M	$62.63M	$57.70M	$55.32M	$54.64M	$51.44M	$51.51M	$44.15M	$45.60M	$41.53M
Other America Countries	$32.63M	$32.99M	$30.36M	$28.61M	$28.24M	$27.57M	$27.54M	$25.46M	$24.45M	$23.64M	$22.47M	$22.48M	$22.06M	$21.03M	$20.17M	$18.72M	$18.04M	$16.89M	$17.76M	$17.33M
EMEA	-	-	$264.98M	$259.74M	$247.86M	$239.54M	$229.98M	$218.69M	$214.29M	-	-	-	-	-	-	-	-	-	-	-
U S	-	-	-	-	-	-	-	-	-	-	-	-	$213.76M	-	-	-	-	-	-	-
J P	-	-	-	-	-	-	-	-	-	-	-	-	$23.38M	-	-	-	-	-	-	-

MSCI's latest quarterly revenue breakdown by geography, as of Sep 24: Americas (22.78%), UNITED STATES (20.53%), E M E A (19.33%), Other Europe Middle East And Africa Countries (10.88%), UNITED KINGDOM (8.44%), Asia And Australia (7.89%), Other Asia And Australia Countries (5.90%), Other America Countries (2.25%), and JAPAN (1.99%).

MSCI Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SPGI	S&P Global	$12.50B	$3.58B
ICE	Intercontinental Exchange	$9.90B	$3.03B
NDAQ	Nasdaq	$6.06B	$1.90B
MCO	Moody's	$5.92B	$1.81B
CME	CME Group	$5.58B	$1.58B
MSCI	MSCI	$2.53B	$724.71M
MORN	Morningstar	$2.07B	$569.40M

MSCI Revenue FAQ

What is MSCI’s yearly revenue?

MSCI's yearly revenue for 2023 was $2.53B, representing an increase of 12.47% compared to 2022. The company's yearly revenue for 2022 was $2.25B, representing an increase of 10.03% compared to 2021. MSCI's yearly revenue for 2021 was $2.04B, representing an increase of 20.54% compared to 2020.

What is MSCI’s quarterly revenue?

MSCI's quarterly revenue for Q3 2024 was $724.7M, a 2.37% increase from the previous quarter (Q2 2024), and a 15.87% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $707.95M, a 4.12% increase from the previous quarter (Q1 2024), and a 13.97% increase year-over-year (Q2 2023). MSCI's quarterly revenue for Q1 2024 was $679.96M, a -1.47% decrease from the previous quarter (Q4 2023), and a 14.82% increase year-over-year (Q1 2023).

What is MSCI’s revenue growth rate?

MSCI's revenue growth rate for the last 3 years (2021-2023) was 23.75%, and for the last 5 years (2019-2023) was 62.34%.

What are MSCI’s revenue streams?

MSCI's revenue streams in c 23 are Asset Based Fees, and Non Recurring. Asset Based Fees generated $557.5M in revenue, accounting 84.77% of the company's total revenue Non Recurring generated $100.13M in revenue, accounting 15.23% of the company's total revenue

What is MSCI’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of MSCI was Asset Based Fees. This segment made a revenue of $557.5M, representing 84.77% of the company's total revenue.