Filing Flows › MSCI (MSCI) › How it makes money
How MSCI (MSCI) makes money
MSCI (MSCI) made $892M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Of every dollar of revenue, 56¢ was left as operating profit, 39¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $892M | 100.0% |
| Operating profit | $502M | 56.3% |
| Income tax | $76.9M | 8.6% |
| Net earnings | $351M | 39.3% |
| Operating cash flow | $436M | 48.9% |
| Free cash flow | $423M | 47.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $892M | +12% |
| Q2 2026 | $867M | +12% |
| Q1 2026 | $851M | +14% |
| Q4 2025 | $823M | +11% |
| Q3 2025 | $793M | +10% |
| Q2 2025 | $773M | +9% |
| Q1 2025 | $746M | +10% |
From MSCI's 10-Q filed Oct 20, 2026 (on EDGAR).
Questions
How does MSCI make money?
MSCI (MSCI) made $892M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. Of every dollar of revenue, 56¢ was left as operating profit, 39¢ was left as net earnings.
What is MSCI's profit margin?
Net earnings were $351M, 39.3% of revenue, in the third quarter 2026; the operating margin was 56.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.