What is MSCI revenue?

MSCI Inc. (MSCI) reported $3.43B of revenue for the twelve months ended Sep 30, 2026. That is up 12.3% from the year before. Revenue for fiscal 2025 was $3.13B.

Yes. MSCI Inc. earned $1.38B in net income for the twelve months ended Sep 30, 2026, a net margin of 40.3%.

How much cash and debt does MSCI have?

MSCI Inc. reported $261.00M in cash and cash equivalents and $6.72B of debt on its most recent balance sheet in SEC filings.

How fast is MSCI revenue growing?

MSCI Inc.'s revenue changed +9.7% in fiscal 2025, to $3.13B. Its compound annual growth rate was +13.1% over 5 years and +11.3% over 10 years.

What is MSCI free cash flow?

MSCI Inc. generated $1.58B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.61B less capital expenditures.

What is MSCI earnings per share?

Diluted earnings per share were $18.89 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.

When did MSCI last report financial results?

The latest statements here come from MSCI Inc.'s 10-Q filed on Oct 20, 2026, covering the period ended Sep 30, 2026.

Where does this MSCI financial data come from?

Quantisnow builds these statements from the structured XBRL data MSCI Inc. files with the SEC. It is provided for information only and is not investment advice.

Financials · MSCI

MSCI Inc. (MSCI) financials

For the twelve months ended Sep 30, 2026, MSCI Inc. reported $3.43B of revenue and $1.38B of net income.

Revenue, TTM: $3.43B
Revenue growth, YoY: +12.3%
Net income, TTM: $1.38B
Net income growth, YoY: +13.1%
Net margin: 40.3%
Free cash flow, TTM: $1.58B
EPS, diluted, TTM: $18.89
EPS growth, YoY: +19.8%
Cash: $261.00M
Total debt: $6.72B
P/E: 33.12
P/S: 13.35
Market cap: $45.83B

Annual revenue$3.13B

FY2016FY2025

Annual net income$1.20B

FY2016FY2025

Annual free cash flow$1.55B

FY2016FY2025

MSCI revenue and earnings growth

MSCI revenueQ3 2026$892.00M

Quarter YoY: +12.4%
QoQ: +2.9%
FY YoY: +9.7%
5Y CAGR: +13.1%
10Y CAGR: +11.3%

MSCI revenue was $892.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 12.4% from a year earlier and up 2.9% from the prior quarter. For the full fiscal 2025 it was $3.13B, up 9.7% from fiscal 2024. Compound annual growth was +13.1% over 5 years and +11.3% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

MSCI net incomeQ3 2026$351.00M

Quarter YoY: +7.9%
QoQ: +2.6%
FY YoY: +8.4%
5Y CAGR: +14.8%
10Y CAGR: +18.3%

MSCI net income was $351.00M in fiscal Q3 2026 (ended Sep 30, 2026), up 7.9% from a year earlier and up 2.6% from the prior quarter. For the full fiscal 2025 it was $1.20B, up 8.4% from fiscal 2024. Compound annual growth was +14.8% over 5 years and +18.3% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

MSCI EPSQ3 2026$4.86

Quarter YoY: +14.4%
QoQ: +3.6%
FY YoY: +11.7%
5Y CAGR: +17.1%
10Y CAGR: +22.7%

MSCI diluted EPS was $4.86 in fiscal Q3 2026 (ended Sep 30, 2026), up 14.4% from a year earlier and up 3.6% from the prior quarter. For the full fiscal 2025 it was $15.69, up 11.7% from fiscal 2024. Compound annual growth was +17.1% over 5 years and +22.7% over 10 years.

MSCI free cash flowQ3 2026$422.70M

Quarter YoY: -5.1%
QoQ: +17.5%
FY YoY: +5.5%
5Y CAGR: +14.4%
10Y CAGR: +18.6%

MSCI free cash flow was $422.70M in fiscal Q3 2026 (ended Sep 30, 2026), down 5.1% from a year earlier and up 17.5% from the prior quarter. For the full fiscal 2025 it was $1.55B, up 5.5% from fiscal 2024. Compound annual growth was +14.4% over 5 years and +18.6% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$3.13B	$2.86B	$2.53B	$2.25B	$2.04B	$1.70B	$1.56B	$1.43B	$1.27B	$1.15B
Cost of revenue	-	-	-	-	-	$291.70M	$294.96M	$287.33M	$273.68M	$252.11M
Gross profit	-	-	-	-	-	$1.40B	$1.26B	$1.15B	$1.00B	$898.56M
Research and development	$177.60M	$158.65M	$132.12M	$107.20M	$111.56M	$101.05M	$98.33M	$81.41M	$75.85M	$75.20M
Selling, general and admin	$180.22M	$182.34M	$153.97M	$146.86M	$147.89M	$114.63M	$110.09M	$99.88M	$87.76M	$87.23M
Operating income	$1.71B	$1.53B	$1.38B	$1.21B	$1.07B	$884.76M	$755.70M	$686.90M	$579.77M	$488.10M
Interest expense	$209.89M	$185.50M	$186.68M	$171.57M	$159.61M	$156.32M	$148.04M	$133.11M	$116.10M	$101.65M
Pre-tax income	$1.49B	$1.36B	$1.37B	$1.04B	$858.14M	$686.23M	$603.32M	$629.90M	$466.90M	$385.94M
Income tax	$291.95M	$247.04M	$220.47M	$173.27M	$132.15M	$84.40M	$39.67M	$122.01M	$162.93M	$125.08M
Net income	$1.20B	$1.11B	$1.15B	$870.57M	$725.98M	$601.82M	$563.65M	$507.88M	$303.97M	$260.86M
EPS, basic	$15.72	$14.09	$14.45	$10.78	$8.80	$7.19	$6.66	$5.83	$3.36	$2.72
EPS, diluted	$15.69	$14.05	$14.39	$10.72	$8.70	$7.12	$6.59	$5.66	$3.31	$2.70
Diluted shares	76.6M	79.0M	79.8M	81.2M	83.5M	84.5M	85.5M	89.7M	91.9M	96.5M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$515.30M	$409.40M	$461.69M	$993.56M	$1.42B	$1.30B	$1.51B	$904.18M	$889.50M	$791.83M
Receivables	-	-	-	$663.24M	$664.51M	$558.57M	$499.27M	$473.43M	$327.60M	$221.50M
Current assets	$1.64B	$1.34B	$1.42B	$1.75B	$2.14B	$1.93B	$2.08B	$1.44B	$1.27B	$1.06B
Goodwill	$2.92B	$2.92B	$2.89B	$2.23B	$2.24B	$1.57B	$1.56B	$1.55B	$1.56B	$1.56B
Total assets	$5.70B	$5.45B	$5.52B	$5.00B	$5.51B	$4.20B	$4.20B	$3.39B	$3.28B	$3.08B
Current liabilities	$1.83B	$1.59B	$1.52B	$1.25B	$1.25B	$1.02B	$900.79M	$809.01M	$607.67M	$536.57M
Short-term debt	-	$0	$10.90M	$8.71M	$0	-	-	-	-	-
Long-term debt	$6.20B	$4.51B	$4.50B	$4.50B	$4.16B	$3.37B	$3.07B	$2.58B	$2.08B	$2.08B
Total debt	$6.20B	$4.51B	$4.51B	$4.51B	$4.16B	$3.37B	$3.07B	$2.58B	$2.08B	$2.08B
Total liabilities	$8.36B	$6.39B	$6.26B	$6.01B	$5.67B	$4.64B	$4.28B	$3.55B	$2.87B	$2.76B
Shareholders' equity	-$2.65B	-$940.00M	-$739.76M	-$1.01B	-$163.47M	-$443.23M	-$76.71M	-$166.49M	$401.01M	$317.61M

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$1.59B	$1.50B	$1.24B	$1.10B	$936.07M	$811.11M	$709.52M	$612.76M	$404.16M	$442.36M
Capital expenditures	$39.32M	$33.76M	$22.76M	$13.62M	$13.51M	$21.83M	$29.12M	$30.26M	$33.18M	$32.28M
Free cash flow	$1.55B	$1.47B	$1.21B	$1.08B	$922.56M	$789.28M	$680.41M	$582.50M	$370.98M	$410.08M
Investing cash flow	-$130.06M	-$144.25M	-$819.38M	-$79.33M	-$1.04B	-$241.79M	-$71.94M	$34.87M	-$48.05M	-$42.03M
Financing cash flow	-$1.36B	-$1.40B	-$953.93M	-$1.43B	$229.50M	-$779.04M	-$36.67M	-$626.48M	-$267.54M	-$372.90M
Dividends paid	$556.52M	$509.11M	$440.99M	$372.92M	$302.45M	$246.44M	$222.92M	$170.94M	$119.72M	$96.26M
Share repurchases	$2.48B	$885.27M	$504.19M	$1.40B	$198.37M	$778.52M	$292.07M	$949.89M	$150.46M	$774.57M
Stock-based compensation	$111.34M	$95.20M	$71.65M	$58.09M	$54.92M	$51.09M	$41.20M	$38.90M	$36.58M	$32.00M
Depreciation and amortization	$23.41M	$16.98M	$21.01M	$26.89M	$28.90M	$29.80M	$30.00M	$31.35M	$35.44M	$34.32M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	9.7%	12.9%	12.5%	10.0%	20.5%	8.8%	8.6%	12.5%	10.7%	7.0%
Net income growth, YoY	8.4%	-3.4%	31.9%	19.9%	20.6%	6.8%	11.0%	67.1%	16.5%	16.6%
EPS growth, YoY	11.7%	-2.4%	34.2%	23.2%	22.2%	8.0%	16.4%	71.0%	22.6%	33.0%
Gross margin	-	-	-	-	-	82.8%	81.1%	80.0%	78.5%	78.1%
Operating margin	54.7%	53.5%	54.8%	53.7%	52.5%	52.2%	48.5%	47.9%	45.5%	42.4%
Net margin	38.4%	38.8%	45.4%	38.7%	35.5%	35.5%	36.2%	35.4%	23.9%	22.7%
Free cash flow margin	49.4%	51.4%	48.0%	48.1%	45.1%	46.6%	43.7%	40.6%	29.1%	35.6%
Return on equity	-	-	-	-	-	-	-	-	75.8%	82.1%
Return on assets	21.1%	20.4%	20.8%	17.4%	13.2%	14.3%	13.4%	15.0%	9.3%	8.5%
Current ratio	0.90	0.85	0.93	1.40	1.71	1.88	2.31	1.77	2.09	1.97
Debt to equity	-	-	-	-	-	-	-	-	5.18	6.53

Income statement

Income statement
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue	$892.00M	$867.00M	$850.80M	$822.56M	$793.40M	$772.70M	$745.80M	$743.51M	$724.71M	$707.95M	$679.97M	$690.11M
Research and development	$47.60M	$46.00M	$49.60M	$41.10M	$44.80M	$44.10M	$47.60M	$38.47M	$38.58M	$41.07M	$40.52M	$39.22M
Selling, general and admin	$48.20M	$46.20M	$69.00M	$43.02M	$41.80M	$38.30M	$57.10M	$44.38M	$41.56M	$39.71M	$56.69M	$40.44M
Operating income	$502.10M	$487.50M	$456.90M	$463.67M	$447.60M	$425.30M	$377.00M	$405.19M	$401.33M	$382.61M	$339.38M	$370.75M
Interest expense	$74.80M	$71.00M	$69.10M	$63.59M	$53.60M	$46.20M	$46.50M	$45.51M	$46.69M	$46.63M	$46.67M	$46.95M
Pre-tax income	$427.90M	$417.30M	$389.20M	$388.86M	$396.50M	$377.80M	$331.10M	$363.35M	$356.94M	$339.99M	$295.89M	$467.88M
Income tax	$76.90M	$75.30M	-$16.80M	$104.15M	$71.20M	$74.10M	$42.50M	$57.83M	$76.03M	$73.24M	$39.94M	$64.50M
Net income	$351.00M	$342.00M	$406.00M	$284.70M	$325.30M	$303.70M	$288.60M	$305.51M	$280.90M	$266.76M	$255.95M	$403.38M
EPS, basic	$4.87	$4.70	$5.54	$3.82	$4.26	$3.92	$3.72	$3.91	$3.58	$3.37	$3.23	$5.09
EPS, diluted	$4.86	$4.69	$5.53	$3.81	$4.25	$3.92	$3.71	$3.89	$3.57	$3.37	$3.22	$5.06
Diluted shares	72.3M	72.9M	73.4M	-	76.6M	77.5M	77.8M	-	78.7M	79.2M	79.5M	-

Balance sheet

Balance sheet
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Cash and equivalents	$261.00M	$356.40M	$385.30M	$515.30M	$400.10M	$347.30M	$360.70M	$409.40M	$500.98M	$451.40M	$519.32M	$461.69M
Current assets	$1.30B	$1.44B	$1.39B	$1.64B	$1.31B	$1.27B	$1.24B	$1.34B	$1.29B	$1.32B	$1.36B	$1.42B
Goodwill	$3.05B	$2.97B	$2.96B	$2.92B	$2.92B	$2.93B	$2.92B	$2.92B	$2.92B	$2.91B	$2.89B	$2.89B
Total assets	$5.60B	$5.60B	$5.55B	$5.70B	$5.39B	$5.37B	$5.34B	$5.45B	$5.41B	$5.46B	$5.48B	$5.52B
Current liabilities	$1.57B	$1.61B	$1.61B	$1.83B	$1.48B	$1.47B	$1.47B	$1.59B	$1.38B	$1.38B	$1.37B	$1.52B
Short-term debt	-	-	-	-	-	-	-	$0	$0	$0	$0	$10.90M
Long-term debt	$6.72B	$6.38B	$6.40B	$6.20B	$5.51B	$4.51B	$4.55B	$4.51B	$4.48B	$4.51B	$4.51B	$4.50B
Total debt	$6.72B	$6.38B	$6.40B	$6.20B	$5.51B	$4.51B	$4.55B	$4.51B	$4.48B	$4.51B	$4.51B	$4.51B
Total liabilities	$8.61B	$8.29B	$8.32B	$8.36B	$7.31B	$6.26B	$6.30B	$6.39B	$6.16B	$6.19B	$6.13B	$6.26B
Shareholders' equity	-$3.02B	-$2.69B	-$2.77B	-$2.65B	-$1.92B	-$886.20M	-$958.60M	-$940.00M	-$751.00M	-$734.48M	-$650.52M	-$739.76M

Cash flow

Cash flow
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Operating cash flow	$436.10M	$370.80M	$306.80M	$501.15M	$449.40M	$336.20M	$301.70M	$430.63M	$421.61M	$349.25M	$300.14M	$388.95M
Capital expenditures	$13.40M	$11.00M	$2.80M	$12.42M	$4.00M	$11.30M	$11.60M	$14.25M	$6.63M	$8.62M	$4.27M	$3.81M
Free cash flow	$422.70M	$359.80M	$304.00M	$488.73M	$445.40M	$324.90M	$290.10M	$416.39M	$414.98M	$340.63M	$295.87M	$385.14M
Investing cash flow	-$166.60M	-$61.50M	-$70.50M	-$36.46M	-$26.10M	-$34.60M	-$32.90M	-$36.73M	-$28.06M	-$47.13M	-$32.33M	-$749.97M
Financing cash flow	-$364.80M	-$339.40M	-$364.50M	-$349.79M	-$369.40M	-$321.10M	-$321.70M	-$476.18M	-$350.27M	-$368.64M	-$207.22M	-$111.57M
Dividends paid	$147.80M	$149.50M	$150.50M	$135.12M	$137.90M	$139.70M	$143.80M	$125.13M	$125.76M	$126.92M	$131.31M	$109.35M
Share repurchases	$552.60M	$168.40M	$414.80M	$906.80M	$1.23B	$138.50M	$213.10M	$374.05M	$199.51M	$241.72M	$69.99M	$27.0K
Stock-based compensation	$27.50M	$25.40M	$47.70M	$25.54M	$22.60M	$23.20M	$40.00M	$22.97M	$18.50M	$19.40M	$34.34M	$16.28M
Depreciation and amortization	$6.50M	$6.20M	$5.90M	$7.50M	$5.80M	$5.40M	$4.70M	$4.34M	$4.33M	$4.23M	$4.08M	$5.10M

Key ratios

Key ratios
Line item	Q3 2026 Sep 30, 2026	Q2 2026 Jun 30, 2026	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023
Revenue growth, YoY	12.4%	12.2%	14.1%	10.6%	9.5%	9.1%	9.7%	7.7%	15.9%	14.0%	14.8%	19.8%
Net income growth, YoY	7.9%	12.6%	40.7%	-6.8%	15.8%	13.8%	12.8%	-24.3%	8.2%	8.1%	7.2%	87.6%
EPS growth, YoY	14.4%	19.6%	49.1%	-2.1%	19.0%	16.3%	15.2%	-23.1%	9.2%	9.1%	8.4%	89.5%
Operating margin	56.3%	56.2%	53.7%	56.4%	56.4%	55.0%	50.5%	54.5%	55.4%	54.0%	49.9%	53.7%
Net margin	39.3%	39.4%	47.7%	34.6%	41.0%	39.3%	38.7%	41.1%	38.8%	37.7%	37.6%	58.5%
Free cash flow margin	47.4%	41.5%	35.7%	59.4%	56.1%	42.0%	38.9%	56.0%	57.3%	48.1%	43.5%	55.8%
Current ratio	0.82	0.89	0.86	0.90	0.88	0.86	0.84	0.85	0.93	0.96	1.00	0.93

Source: XBRL data MSCI Inc. files with the SEC, latest filing dated Oct 20, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MSCI peers

Company	Revenue	Growth	Net income	Net margin	Market cap
MSCI	$3.43B	+12.3%	$1.38B	40.3%	$45.83B
BLKBlackRock Inc.	$28.54B	+24.7%	$6.91B	24.2%	$182.05B
SPGIS&P Global Inc.	$17.21B	+18.2%	$4.99B	29.0%	$135.62B
BXBlackstone Inc.	$16.08B	+22.1%	$3.56B	22.1%	$89.70B

MSCI FAQ

8 questions

What is MSCI revenue?
MSCI Inc. (MSCI) reported $3.43B of revenue for the twelve months ended Sep 30, 2026. That is up 12.3% from the year before. Revenue for fiscal 2025 was $3.13B.
Is MSCI profitable?
Yes. MSCI Inc. earned $1.38B in net income for the twelve months ended Sep 30, 2026, a net margin of 40.3%.
How much cash and debt does MSCI have?
MSCI Inc. reported $261.00M in cash and cash equivalents and $6.72B of debt on its most recent balance sheet in SEC filings.
How fast is MSCI revenue growing?
MSCI Inc.'s revenue changed +9.7% in fiscal 2025, to $3.13B. Its compound annual growth rate was +13.1% over 5 years and +11.3% over 10 years.
What is MSCI free cash flow?
MSCI Inc. generated $1.58B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.61B less capital expenditures.
What is MSCI earnings per share?
Diluted earnings per share were $18.89 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
When did MSCI last report financial results?
The latest statements here come from MSCI Inc.'s 10-Q filed on Oct 20, 2026, covering the period ended Sep 30, 2026.
Where does this MSCI financial data come from?
Quantisnow builds these statements from the structured XBRL data MSCI Inc. files with the SEC. It is provided for information only and is not investment advice.