MSCI Inc. (MSCI)

MSCI provides research-based data, analytics and indexes that help global investors understand risks and opportunities and make investment decisions. Its tools support investors in defining their investment universe, making asset allocation decisions, constructing and analyzing portfolios, measuring and managing risk and performance drivers, integrating sustainability and climate considerations, designing and managing indexed products such as ETFs, and preparing regulatory and client reports. The company uses advanced technology, including artificial intelligence, to collect and validate data and enhance the insights it delivers. Clients buy mainly through recurring fixed and variable fee arrangements.

For 2025 the company had five operating segments, presented as three reportable segments plus an "All Other – Private Assets" category. The Index segment (57.0% of revenues) offers market cap, factor, fixed income, private asset, sustainability, climate, thematic and custom indexes, and licenses GICS Direct. About 43.1% of Index segment revenue came from asset-based fees tied to client AUM or trading volumes. The Analytics segment (22.8%) provides risk management, performance attribution and portfolio management tools, including RiskMetrics RiskManager, BarraOne, Barra PortfolioManager, WealthBench, CreditManager, AI Portfolio Insights and MSCI Wealth Manager, along with managed services. The Sustainability and Climate segment (11.3%) offers ESG Ratings, involvement screening research, climate solutions, geospatial asset intelligence and regulatory solutions. The private assets offerings (8.9%) combine the Real Assets and Private Capital Solutions operating segments. They include Real Capital Analytics, Index Intel, Property Intel, Private Capital Portfolio Management, Total Plan Manager and Private Capital Transparency, covering private equity, private credit, real estate and infrastructure.

MSCI served approximately 6,800 clients in more than 100 countries as of December 31, 2025. Its client types include asset managers, banks and brokerages, asset owners, hedge fund managers, wealth managers, insurance companies, and others such as exchanges, vendors, real estate professionals, academic institutions and corporates. BlackRock was the largest client, at 10.8% of consolidated operating revenues, and 96.5% of that came from fees based on assets in BlackRock's ETFs and non-ETF products based on MSCI indexes.

Clients access MSCI content through its proprietary applications, APIs, data feeds, cloud delivery, third-party vendors and their own platforms. The company partners with global technology companies to develop its AI capabilities and pursues partnerships and acquisitions of data, content and technology providers. It develops content with an integrated team approach across its segments. Its GICS classification standard is jointly maintained with S&P Dow Jones Indices. The text does not describe suppliers, manufacturing, competitors or headquarters.