Msci Inc. MSCI

What this company does

MSCI's products and services include indexes, portfolio construction and risk management analytical models and tools, sustainability and climate solutions, and private asset data and analytics. As of December 31, 2025, it served approximately 6,800 clients in more than 100 countries. For the year ended December 31, 2025, its largest client organization by revenue, BlackRock, accounted for 10.8% of its consolidated operating revenues, with 96.5% of the operating revenues from BlackRock coming from fees based on the assets in BlackRock's ETFs and non-ETF products that are based on its indexes. For the year ended December 31, 2025, it had five operating segments, Index, Analytics, Sustainability and Climate, Real Assets and Private Capital Solutions, presented as three reportable segments: Index, Analytics, and Sustainability and Climate. Clients use its indexes to support many areas of the investment process, including developing indexed financial products such as ETFs, mutual funds, annuities, futures, options, structured products and over-the-counter derivatives, performance benchmarking, portfolio construction and rebalancing, asset allocation, and creating custom indexes. Its Analytics segment offers risk management, performance attribution and portfolio management content, applications and services that provide clients with tools for analyzing market, credit, liquidity, counterparty and climate risk across major asset classes, including public and private securities. The Sustainability and Climate segment offers products and services that help institutional investors understand how sustainability considerations can affect the long-term risk and return of their portfolios and individual security-level investments. Its private assets offerings provide data and analytics to evaluate fundamental information, measure and compare performance, understand exposures and manage risk across private equity, private credit, real estate, infrastructure and other private markets.

Written from the business description in MSCI Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 6 February 2026. Every sentence was checked against that document before publication.