MSCI

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MSCI Inc.

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Key Metrics

Previous Close: $565.27
52-Week Range: $501.08 – $644.77
Market Cap: $41.35B
P/E (TTM): 31.06
EPS (TTM): 18.31
Dividend Yield: 1.45%

Advanced Metrics

Price/Book: —
PEG Ratio: 2.22
Return on Equity: —
Return on Assets: 21.13%
Gross Margin: 82.97%
Operating Margin: 56.30%
Profit Margin: 40.73%
Current Ratio: 0.89
Debt/Equity: —
Total Debt: $6.54B
Free Cash Flow: $1.19B
Revenue Growth: 12.20%
Earnings Growth: 19.60%
Enterprise Value: $47.54B

MSCI Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.25B	$2.53B	$2.86B	$3.13B
Cost of Revenue	$404.34M	$446.58M	$514.38M	$550.37M
Gross Profit	$1.84B	$2.08B	$2.34B	$2.58B
Research & Development	$107.20M	$132.12M	$158.65M	$177.60M
Selling, General & Admin	$411.44M	$430.17M	$473.56M	$500.05M
Operating Expenses	$636.62M	$697.73M	$813.23M	$870.53M
Operating Income	$1.21B	$1.38B	$1.53B	$1.71B
EBITDA	$1.36B	$1.71B	$1.75B	$1.92B
Pretax Income	$1.04B	$1.37B	$1.36B	$1.49B
Income Tax	$173.27M	$220.47M	$247.04M	$291.95M
Net Income	$870.57M	$1.15B	$1.11B	$1.20B
Diluted EPS	10.72	14.39	14.05	15.69
Diluted Shares	81.22M	79.84M	78.96M	76.64M

MSCI Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$993.20M	$457.81M	$405.85M	$511.67M
Receivables	$663.24M	$839.55M	$820.71M	$986.71M
Current Assets	$1.75B	$1.42B	$1.34B	$1.64B
Total Assets	$5.00B	$5.52B	$5.45B	$5.70B
Current Liabilities	$1.25B	$1.52B	$1.59B	$1.83B
Long-Term Debt	$4.50B	$4.50B	$4.51B	$6.20B
Total Debt	$4.64B	$4.63B	$4.63B	$6.31B
Total Liabilities	$6.01B	$6.26B	$6.39B	$8.36B
Retained Earnings	$3.47B	$4.18B	$4.78B	$5.43B
Shareholders' Equity	-$1.01B	-$739.76M	-$940.00M	-$2.65B
Working Capital	$497.45M	-$98.87M	-$241.63M	-$184.94M
Net Debt	$3.52B	$4.05B	$4.10B	$5.69B

MSCI Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.10B	$1.24B	$1.50B	$1.59B
Capital Expenditure	-$72.89M	-$90.85M	-$115.12M	-$129.86M
Free Cash Flow	$1.02B	$1.15B	$1.39B	$1.46B
Depreciation & Amortisation	$142.50M	$159.22M	$206.28M	$218.57M
Stock-Based Compensation	$58.09M	$71.65M	$95.20M	$111.34M
Investing Cash Flow	-$79.33M	-$819.38M	-$144.25M	-$130.06M
Financing Cash Flow	-$1.43B	-$953.93M	-$1.40B	-$1.36B
Dividends Paid	-$372.92M	-$440.99M	-$509.11M	-$556.52M
Share Repurchases	-$1.40B	-$504.19M	-$885.27M	-$2.48B
Net Change in Cash	-$409.35M	-$537.28M	-$44.94M	$96.39M

MSCI Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$772.70M	$793.43M	$822.53M	$850.80M	$867.00M
Cost of Revenue	$137.70M	$132.53M	$143.38M	$141.80M	$149.90M
Gross Profit	$635.00M	$660.90M	$679.15M	$709.00M	$717.10M
Research & Development	$44.10M	$44.81M	$41.12M	$49.60M	$46.00M
Selling, General & Admin	$116.50M	$121.66M	$126.02M	$154.70M	$133.60M
Operating Expenses	$209.70M	$213.21M	$215.53M	$252.10M	$229.60M
Operating Income	$425.30M	$447.69M	$463.62M	$456.90M	$487.50M
EBITDA	$479.30M	$503.30M	$508.03M	$512.90M	$545.80M
Pretax Income	$377.80M	$396.51M	$388.84M	$389.20M	$417.30M
Income Tax	$74.10M	$71.12M	$104.17M	-$16.80M	$75.30M
Net Income	$303.70M	$325.39M	$284.67M	$406.00M	$342.00M
Diluted EPS	3.92	4.25	3.81	5.53	4.69
Diluted Shares	77.50M	76.58M	74.70M	73.40M	72.90M

MSCI Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$343.68M	$396.43M	$511.67M	$381.70M	$352.70M
Receivables	$790.58M	$745.85M	$986.71M	$883.20M	$884.40M
Current Assets	$1.27B	$1.31B	$1.64B	$1.39B	$1.44B
Total Assets	$5.37B	$5.39B	$5.70B	$5.55B	$5.60B
Current Liabilities	$1.47B	$1.48B	$1.83B	$1.61B	$1.61B
Long-Term Debt	$4.51B	$5.51B	$6.20B	$6.40B	$6.38B
Total Debt	$4.63B	$5.62B	$6.31B	$6.55B	$6.52B
Total Liabilities	$6.26B	$7.31B	$8.36B	$8.32B	$8.29B
Retained Earnings	$5.09B	$5.28B	$5.43B	$5.68B	$5.88B
Shareholders' Equity	-$886.21M	-$1.92B	-$2.65B	-$2.77B	-$2.69B
Working Capital	-$198.97M	-$175.52M	-$184.94M	-$219.10M	-$169.50M
Net Debt	$4.17B	$5.11B	$5.69B	$6.02B	$6.03B

MSCI Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$336.20M	$449.42M	$501.13M	$306.80M	$370.80M
Capital Expenditure	-$34.50M	-$26.17M	-$36.29M	-$28.80M	-$44.40M
Free Cash Flow	$301.70M	$423.25M	$464.84M	$278.00M	$326.40M
Depreciation & Amortisation	$55.30M	$53.17M	$55.60M	$54.60M	$57.50M
Stock-Based Compensation	$23.20M	$22.57M	$25.57M	$47.70M	$25.40M
Investing Cash Flow	-$34.60M	-$26.11M	-$36.45M	-$70.50M	-$61.50M
Financing Cash Flow	-$321.10M	-$369.40M	-$349.79M	-$364.50M	-$339.40M
Dividends Paid	-$139.70M	-$137.89M	-$135.13M	-$150.50M	-$149.50M
Share Repurchases	-$138.50M	-$1.23B	-$906.82M	-$414.80M	-$168.40M
Net Change in Cash	-$19.50M	$53.90M	$114.89M	-$128.20M	-$30.10M

Market Snapshot

About

MSCI Inc. is a leading provider of investment decision support tools including indexes, portfolio analytics, and ESG data. The company creates and maintains widely followed equity indexes such as the MSCI World Index and MSCI Emerging Markets Index used by investors globally. MSCI also provides risk management analytics, climate data, and research services to institutional investors.