MSCI profit margin MSCI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2010.
- Net margin, 12 months
- 40.7%
- Operating margin, 12 months
- 55.7%
- Net margin on a year earlier
- +1.3 pts
- Peer median
- 24.6%
Over the twelve months to Jun 30, 2026, MSCI kept 40.7% of its revenue as net profit, with an operating margin of 55.7% and a gross margin of 83.0%.
Five years earlier its net margin was 38.0%.
The median for 10 financial data and exchange stocks of a similar size is 24.6%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 38.4% | 54.7% | 82.4% |
| FY2024 | 38.8% | 53.5% | 82.0% |
| FY2023 | 45.4% | 54.8% | 82.3% |
| FY2022 | 38.7% | 53.7% | 82.0% |
| FY2021 | 35.5% | 52.5% | 82.4% |
| FY2020 | 35.5% | 52.2% | 82.8% |
| FY2019 | 36.2% | 48.5% | 81.1% |
| FY2018 | 35.4% | 47.9% | 80.0% |
| FY2017 | 23.9% | 45.5% | 78.5% |
| FY2016 | 22.7% | 42.4% | 78.1% |
| FY2015 | 20.8% | 37.6% | 75.1% |
| FY2014 | 28.5% | 33.8% | 72.2% |
| FY2013 | 24.4% | 37.3% | 69.8% |
| FY2012 | 19.4% | 36.5% | 69.7% |
| FY2011 | 19.3% | 35.7% | 69.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 40.7% | +1.3 pts | 55.7% | |
| Q1 FY26 | 40.7% | +1.7 pts | 55.4% | |
| Q4 FY25 | 38.4% | −0.5 pts | 54.7% | |
| Q3 FY25 | 40.0% | −3.0 pts | 54.2% | |
| Q2 FY25 | 39.5% | −4.4 pts | 53.9% | |
| Q1 FY25 | 39.1% | −5.5 pts | 53.6% | |
| Q4 FY24 | 38.8% | −6.6 pts | 53.5% | |
| Q3 FY24 | 43.1% | +3.3 pts | 53.3% | |
| Q2 FY24 | 43.9% | +4.8 pts | 53.5% | |
| Q1 FY24 | 44.6% | +5.9 pts | 53.9% | |
| Q4 FY23 | 45.4% | +6.7 pts | 54.8% | |
| Q3 FY23 | 39.8% | +1.5 pts | 54.8% |
Against its peers
Companies in Financial - Data & Stock Exchanges nearest MSCI's size, closest first, today.
| Company | Profit margin |
|---|---|
| MSCIMSCI | 40.7% |
| COINCoinbase Global | −15.7% |
| CBOECboe Global Markets | 26.7% |
| NDAQNasdaq | 22.5% |
| MCOMoody's | 34.3% |
| ICEIntercontinental Exchange | 30.1% |
| CMECME | 63.9% |
| TRUTransUnion | 15.1% |
| SPGIS&P Global | 30.5% |
| SNEXStoneX | 0.3% |
| BGCBGC | 6.0% |
| Peer median | 24.6% |
Where MSCI ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on MSCI
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.