Msci annual operating expenses
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Msci Operating Expenses Growth & History (MSCI)
Msci's operating expenses was $1.42B for fiscal 2025.
View full Msci company overviewMsci annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.42B | $93.3M | +7.03% |
| 2024 | 2024-12-31 | $1.33B | $183.3M | +16.02% |
| 2023 | 2023-12-31 | $1.14B | $103.4M | +9.93% |
| 2022 | 2022-12-31 | $1.04B | $70.1M | +7.22% |
| 2021 | 2021-12-31 | $970.8M | $160.2M | +19.76% |
| 2020 | 2020-12-31 | $810.6M | $8.5M | +1.06% |
| 2019 | 2019-12-31 | $802.1M | $55.0M | +7.36% |
| 2018 | 2018-12-31 | $747.1M | $52.7M | +7.59% |
| 2017 | 2017-12-31 | $694.4M | $31.8M | +4.81% |
| 2016 | 2016-12-31 | $662.6M | −$8.6M | −1.27% |
| 2015 | 2015-12-31 | $671.1M | $11.6M | +1.76% |
| 2014 | 2014-12-31 | $659.5M | $86.5M | +15.09% |
| 2013 | 2013-12-31 | $573.0M | $64.3M | +12.63% |
| 2012 | 2012-12-31 | $508.8M | −$70.2M | −12.12% |
| 2011 | 2011-12-31 | $578.9M | — | — |
| 2010 | 2010-11-30 | $258.2M | $84.9M | +48.97% |
| 2009 | 2009-11-30 | $173.3M | $1.5M | +0.88% |
| 2008 | 2008-11-30 | $171.8M | — | — |
Msci quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $379.5M | $32.1M | +9.24% |
| Q1 2026 | 2026-03-31 | $393.9M | $25.1M | +6.81% |
| Q4 2025 | 2025-12-31 | $359.0M | $20.6M | +6.10% |
| Q3 2025 | 2025-09-30 | $345.7M | $22.4M | +6.92% |
| Q2 2025 | 2025-06-30 | $347.4M | $22.1M | +6.78% |
| Q1 2025 | 2025-03-31 | $368.8M | $28.2M | +8.28% |
| Q4 2024 | 2024-12-31 | $338.3M | $19.0M | +5.93% |
| Q3 2024 | 2024-09-30 | $323.4M | $51.2M | +18.83% |
| Q2 2024 | 2024-06-30 | $325.3M | $50.1M | +18.22% |
| Q1 2024 | 2024-03-31 | $340.6M | $63.0M | +22.68% |
| Q4 2023 | 2023-12-31 | $319.4M | $51.9M | +19.41% |
| Q3 2023 | 2023-09-30 | $272.1M | $21.0M | +8.37% |
| Q2 2023 | 2023-06-30 | $275.2M | $23.8M | +9.46% |
| Q1 2023 | 2023-03-31 | $277.6M | $6.6M | +2.45% |
| Q4 2022 | 2022-12-31 | $267.5M | −$1.8M | −0.67% |
| Q3 2022 | 2022-09-30 | $251.1M | $14.2M | +6.01% |
| Q2 2022 | 2022-06-30 | $251.4M | $10.8M | +4.48% |
| Q1 2022 | 2022-03-31 | $271.0M | $46.9M | +20.94% |
| Q4 2021 | 2021-12-31 | $269.3M | $59.7M | +28.48% |
| Q3 2021 | 2021-09-30 | $236.9M | $39.2M | +19.80% |
| Q2 2021 | 2021-06-30 | $240.6M | $46.2M | +23.76% |
| Q1 2021 | 2021-03-31 | $224.0M | $15.2M | +7.25% |
| Q4 2020 | 2020-12-31 | $209.6M | $2.4M | +1.16% |
| Q3 2020 | 2020-09-30 | $197.7M | $4.7M | +2.42% |
| Q2 2020 | 2020-06-30 | $194.4M | $1.3M | +0.65% |
| Q1 2020 | 2020-03-31 | $208.9M | $190,000 | +0.09% |
| Q4 2019 | 2019-12-31 | $207.2M | $15.3M | +7.98% |
| Q3 2019 | 2019-09-30 | $193.0M | $11.5M | +6.34% |
| Q2 2019 | 2019-06-30 | $193.2M | $3.6M | +1.92% |
| Q1 2019 | 2019-03-31 | $208.7M | $24.6M | +13.33% |
| Q4 2018 | 2018-12-31 | $191.9M | $11.2M | +6.22% |
| Q3 2018 | 2018-09-30 | $181.5M | $8.2M | +4.75% |
| Q2 2018 | 2018-06-30 | $189.5M | $19.5M | +11.50% |
| Q1 2018 | 2018-03-31 | $184.2M | $13.7M | +8.02% |
| Q4 2017 | 2017-12-31 | $180.6M | $13.8M | +8.30% |
| Q3 2017 | 2017-09-30 | $173.3M | $8.1M | +4.92% |
| Q2 2017 | 2017-06-30 | $170.0M | $5.1M | +3.08% |
| Q1 2017 | 2017-03-31 | $170.5M | $4.8M | +2.89% |
| Q4 2016 | 2016-12-31 | $166.8M | $1.4M | +0.88% |
| Q3 2016 | 2016-09-30 | $165.2M | $5.5M | +3.45% |
| Q2 2016 | 2016-06-30 | $164.9M | −$7.2M | −4.16% |
| Q1 2016 | 2016-03-31 | $165.7M | −$8.3M | −4.79% |
| Q4 2015 | 2015-12-31 | $165.3M | −$661,000 | −0.40% |
| Q3 2015 | 2015-09-30 | $159.7M | −$8.0M | −4.75% |
| Q2 2015 | 2015-06-30 | $172.1M | $6.4M | +3.85% |
| Q1 2015 | 2015-03-31 | $174.0M | $13.8M | +8.64% |
| Q4 2014 | 2014-12-31 | $166.0M | $12.8M | +8.35% |
| Q3 2014 | 2014-09-30 | $167.6M | $22.9M | +15.84% |
| Q2 2014 | 2014-06-30 | $165.7M | $27.2M | +19.61% |
| Q1 2014 | 2014-03-31 | $160.2M | $23.6M | +17.28% |
| Q4 2013 | 2013-12-31 | $153.2M | $1.4M | +0.95% |
| Q3 2013 | 2013-09-30 | $144.7M | −$7.2M | −4.75% |
| Q2 2013 | 2013-06-30 | $138.5M | −$12.9M | −8.52% |
| Q1 2013 | 2013-03-31 | $136.6M | −$11.5M | −7.76% |
| Q4 2012 | 2012-12-31 | $151.8M | $76.4M | +101.34% |
| Q3 2012 | 2012-09-30 | $151.9M | $78.1M | +105.81% |
| Q2 2012 | 2012-06-30 | $151.4M | $76.5M | +102.05% |
| Q1 2012 | 2012-03-31 | $148.1M | $70.4M | +90.69% |
| Q4 2011 | 2011-12-31 | $75.4M | — | — |
| Q3 2011 | 2011-09-30 | $73.8M | — | — |
| Q2 2011 | 2011-06-30 | $75.0M | — | — |
| Q1 2011 | 2011-03-31 | $77.7M | — | — |
| Q4 2010 | 2010-11-30 | $73.5M | — | — |
| Q3 2010 | 2010-08-31 | $91.5M | $48.7M | +113.77% |
| Q2 2010 | 2010-05-31 | $48.0M | — | — |
| Q1 2010 | 2010-02-28 | $45.1M | — | — |
| Q3 2009 | 2009-08-31 | $42.8M | — | — |
Msci operating expenses trends
Over the last five fiscal years, Msci's operating expenses increased from $810.6M to $1.42B, a change of $610.3M. The latest reported quarter, Q2 2026, shows $379.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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