MSCI Inc.
MSCI- Exchange
- NYSE
- Industry
- Services-Business Services, NEC
- SEC CIK
- 0001408198
In the last 90 days, MSCI Inc. insiders filed 1 open-market purchase and 2 sales; 1,094 institutions reported holding it in 13F filings for Q2 2026, worth $37.7B in total; 3 superinvestors hold it, including Viking Global Investors and Markel Group.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 21, 2026, 1:05 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 30, 2024 | Jan 31, 2023 | Jan 27, 2022 |
| Revenue | $3.13B | $2.86B | $2.53B | $2.25B | $2.04B |
| Research and development | $177.6M | $158.7M | $132.1M | $107.2M | $111.6M |
| Selling, general and administrative | $180.2M | $182.3M | $154.0M | $146.9M | $147.9M |
| Operating income | $1.71B | $1.53B | $1.38B | $1.21B | $1.07B |
| Interest expense | – | – | $186.7M | $171.6M | $159.6M |
| Income tax | $292.0M | $247.0M | $220.5M | $173.3M | $132.2M |
| Net income | $1.20B | $1.11B | $1.15B | $870.6M | $726.0M |
| EPS, basic | $15.72 | $14.09 | $14.45 | $10.78 | $8.80 |
| EPS, diluted | $15.69 | $14.05 | $14.39 | $10.72 | $8.70 |
| Weighted shares, basic | 76.5M | 78.7M | 79.5M | 80.7M | 82.5M |
| Weighted shares, diluted | 76.6M | 79.0M | 79.8M | 81.2M | 83.5M |
| Margins and growth | |||||
| Operating margin | 54.7% | 53.5% | 54.8% | 53.7% | 52.5% |
| Net margin | 38.4% | 38.8% | 45.4% | 38.7% | 35.5% |
| Revenue growth, year over year | +9.7% | +12.9% | +12.5% | +10.0% | +20.5% |
| Net income growth, year over year | +8.4% | −3.4% | +31.9% | +19.9% | +20.6% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 30, 2024 | Jan 31, 2023 | Jan 27, 2022 |
| Cash and equivalents | $515.3M | $409.4M | $461.7M | $993.6M | $1.42B |
| Accounts receivable | – | – | – | $663.2M | $664.5M |
| Total current assets | $1.64B | $1.34B | $1.42B | $1.75B | $2.14B |
| Property, plant and equipment | $87.3M | $70.9M | $55.9M | $53.9M | $66.7M |
| Goodwill | $2.92B | $2.92B | $2.89B | $2.23B | $2.24B |
| Intangible assets | $832.5M | $907.6M | $956.2M | $558.5M | $593.3M |
| Total assets | $5.70B | $5.45B | $5.52B | $5.00B | $5.51B |
| Accounts payable | $15.3M | $14.5M | $9.81M | $15.0M | $13.4M |
| Short-term debt | – | $0 | $10.9M | $8.71M | – |
| Total current liabilities | $1.83B | $1.59B | $1.52B | $1.25B | $1.25B |
| Long-term debt | $6.20B | $4.51B | $4.50B | $4.50B | $4.16B |
| Total liabilities | $8.36B | $6.39B | $6.26B | $6.01B | $5.67B |
| Shareholders' equity | -$2.65B | -$940.0M | -$739.8M | -$1.01B | -$163.5M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 28, 2026 | Jan 29, 2025 | Jan 30, 2024 | Jan 31, 2023 | Jan 27, 2022 |
| Operating cash flow | $1.59B | $1.50B | $1.24B | $1.10B | $936.1M |
| Capital expenditures | $39.3M | $33.8M | $22.8M | $13.6M | $13.5M |
| Free cash flow | $1.55B | $1.47B | $1.21B | $1.08B | $922.6M |
| Depreciation and amortization | $23.4M | $17.0M | $21.0M | $26.9M | $28.9M |
| Stock-based compensation | $111.3M | $95.2M | $71.7M | $58.1M | $54.9M |
| Dividends paid | $556.5M | $509.1M | $441.0M | $372.9M | $302.4M |
| Share buybacks | $2.48B | $885.3M | $504.2M | $1.40B | $198.4M |
| Investing cash flow | -$130.1M | -$144.3M | -$819.4M | -$79.3M | -$1.04B |
| Financing cash flow | -$1.36B | -$1.40B | -$953.9M | -$1.43B | $229.5M |
| Net change in cash | $106.0M | -$52.3M | -$531.9M | -$427.9M | $120.9M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 3.6% | 3.3% | 2.8% | 2.6% | 2.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.