Msci annual operating margin
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2025
Msci Operating Margin Growth & History (MSCI)
Msci's operating margin was 54.67% for fiscal 2025.
View full Msci company overviewMsci annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 54.67% | +1.15 pp |
| 2024 | 2024-12-31 | 53.52% | −1.23 pp |
| 2023 | 2023-12-31 | 54.75% | +1.04 pp |
| 2022 | 2022-12-31 | 53.71% | +1.21 pp |
| 2021 | 2021-12-31 | 52.49% | +0.31 pp |
| 2020 | 2020-12-31 | 52.19% | +3.68 pp |
| 2019 | 2019-12-31 | 48.51% | +0.61 pp |
| 2018 | 2018-12-31 | 47.90% | +2.40 pp |
| 2017 | 2017-12-31 | 45.50% | +3.08 pp |
| 2016 | 2016-12-31 | 42.42% | +4.85 pp |
| 2015 | 2015-12-31 | 37.57% | +3.74 pp |
| 2014 | 2014-12-31 | 33.83% | −3.43 pp |
| 2013 | 2013-12-31 | 37.26% | −1.22 pp |
| 2012 | 2012-12-31 | 38.48% | +2.74 pp |
| 2011 | 2011-12-31 | 35.74% | +4.65 pp |
| 2010 | 2010-11-30 | 31.09% | −2.99 pp |
| 2009 | 2009-11-30 | 34.09% | +2.58 pp |
| 2008 | 2008-11-30 | 31.51% | — |
Msci quarterly operating margin
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Q2.25
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Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 56.23% | +1.19 pp |
| Q1 2026 | 2026-03-31 | 53.70% | +3.15 pp |
| Q4 2025 | 2025-12-31 | 56.36% | +1.86 pp |
| Q3 2025 | 2025-09-30 | 56.42% | +1.05 pp |
| Q2 2025 | 2025-06-30 | 55.04% | +1.00 pp |
| Q1 2025 | 2025-03-31 | 50.55% | +0.64 pp |
| Q4 2024 | 2024-12-31 | 54.50% | +0.77 pp |
| Q3 2024 | 2024-09-30 | 55.38% | −1.11 pp |
| Q2 2024 | 2024-06-30 | 54.04% | −1.65 pp |
| Q1 2024 | 2024-03-31 | 49.91% | −3.21 pp |
| Q4 2023 | 2023-12-31 | 53.72% | +0.14 pp |
| Q3 2023 | 2023-09-30 | 56.49% | +1.28 pp |
| Q2 2023 | 2023-06-30 | 55.69% | +1.26 pp |
| Q1 2023 | 2023-03-31 | 53.12% | +1.51 pp |
| Q4 2022 | 2022-12-31 | 53.58% | +2.55 pp |
| Q3 2022 | 2022-09-30 | 55.21% | +1.02 pp |
| Q2 2022 | 2022-06-30 | 54.44% | +2.74 pp |
| Q1 2022 | 2022-03-31 | 51.61% | −1.56 pp |
| Q4 2021 | 2021-12-31 | 51.03% | −1.73 pp |
| Q3 2021 | 2021-09-30 | 54.19% | +0.68 pp |
| Q2 2021 | 2021-06-30 | 51.69% | −0.84 pp |
| Q1 2021 | 2021-03-31 | 53.17% | +3.29 pp |
| Q4 2020 | 2020-12-31 | 52.76% | +3.71 pp |
| Q3 2020 | 2020-09-30 | 53.52% | +2.48 pp |
| Q2 2020 | 2020-06-30 | 52.53% | +2.63 pp |
| Q1 2020 | 2020-03-31 | 49.88% | +6.08 pp |
| Q4 2019 | 2019-12-31 | 49.05% | +2.10 pp |
| Q3 2019 | 2019-09-30 | 51.04% | +1.75 pp |
| Q2 2019 | 2019-06-30 | 49.90% | +2.10 pp |
| Q1 2019 | 2019-03-31 | 43.80% | −3.78 pp |
| Q4 2018 | 2018-12-31 | 46.95% | +0.91 pp |
| Q3 2018 | 2018-09-30 | 49.28% | +3.09 pp |
| Q2 2018 | 2018-06-30 | 47.79% | +1.57 pp |
| Q1 2018 | 2018-03-31 | 47.58% | +4.18 pp |
| Q4 2017 | 2017-12-31 | 46.04% | +3.01 pp |
| Q3 2017 | 2017-09-30 | 46.20% | +3.46 pp |
| Q2 2017 | 2017-06-30 | 46.22% | +2.97 pp |
| Q1 2017 | 2017-03-31 | 43.40% | +2.83 pp |
| Q4 2016 | 2016-12-31 | 43.04% | +3.63 pp |
| Q3 2016 | 2016-09-30 | 42.73% | +2.14 pp |
| Q2 2016 | 2016-06-30 | 43.25% | +6.85 pp |
| Q1 2016 | 2016-03-31 | 40.58% | +6.81 pp |
| Q4 2015 | 2015-12-31 | 39.41% | +5.52 pp |
| Q3 2015 | 2015-09-30 | 40.59% | +7.20 pp |
| Q2 2015 | 2015-06-30 | 36.41% | +1.58 pp |
| Q1 2015 | 2015-03-31 | 33.77% | +0.60 pp |
| Q4 2014 | 2014-12-31 | 33.89% | −1.43 pp |
| Q3 2014 | 2014-09-30 | 33.39% | −3.31 pp |
| Q2 2014 | 2014-06-30 | 34.82% | −4.53 pp |
| Q1 2014 | 2014-03-31 | 33.17% | −4.60 pp |
| Q4 2013 | 2013-12-31 | 35.31% | −18.43 pp |
| Q3 2013 | 2013-09-30 | 36.70% | +1.22 pp |
| Q2 2013 | 2013-06-30 | 39.35% | +2.83 pp |
| Q1 2013 | 2013-03-31 | 37.77% | +2.41 pp |
| Q4 2012 | 2012-12-31 | 53.75% | +17.65 pp |
| Q3 2012 | 2012-09-30 | 35.48% | −1.07 pp |
| Q2 2012 | 2012-06-30 | 36.52% | +0.01 pp |
| Q1 2012 | 2012-03-31 | 35.35% | +1.57 pp |
| Q4 2011 | 2011-12-31 | 36.10% | +2.95 pp |
| Q3 2011 | 2011-09-30 | 36.55% | +16.10 pp |
| Q2 2011 | 2011-06-30 | 36.51% | −0.80 pp |
| Q1 2011 | 2011-03-31 | 33.78% | −5.06 pp |
| Q4 2010 | 2010-11-30 | 33.15% | −1.57 pp |
| Q3 2010 | 2010-08-31 | 20.45% | — |
| Q2 2010 | 2010-05-31 | 37.31% | — |
| Q1 2010 | 2010-02-28 | 38.84% | — |
| Q3 2009 | 2009-08-31 | 34.72% | — |
Msci operating margin trends
Over the last five reported fiscal years, Msci's operating margin increased from 52.19% to 54.67%, a change of +2.48 percentage points. The latest reported quarter, Q2 2026, shows 56.23%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Msci filings at SEC.gov ↗