Saturday 17 October 2026 Export MSCI’s income statement to Excel — free account

MSCI Inc

MSCI Financial Financial Data & Stock Exchanges

MSCI Inc’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 9.75% from fiscal 2024. In the quarter to June 2026, revenue grew 12.2%, EPS grew 19.9%, free cash flow grew 8.19% and total debt rose 41.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for five; insiders bought in the last twelve months.

569.08 6.01 −1.05%

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Market cap: $41.8B
P/E: 31.1×
Fwd P/E: 30.8×
Dividend yield: 1.40%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 15.51

Total sells 7.30

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	2	—	—	1	—	—	—	1	—
Sell	1	1	—	—	1	1	—	1	—	—	—	1

Insider Ownership 3.76%

Capital & Financial Ratios $m

Market Cap 41,810.00

Revenue 3,333.76

Net Income 1,358.01

Free Cash Flow 1,492.49

Net Debt 6,024.00

Current Ratio 0.89

Debt/Equity (2.37)

P/E ratio 31.06

Fwd P/E 30.80

P/S ratio 12.43

P/B ratio 0.00

Past 5Y EPS Growth 17.12%

This Y EPS Growth 13.90%

Next Y EPS Growth 14.14%

Next Y revenue growth 12.27%

Next 5Y EPS Growth 13.92%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 5.60%

10-year low 10-year high

P/S against its own 10 years 32.84%

10-year low 10-year high

Dividends

Payout Ratio 0.43

Annual Dividend Rate 7.95

Annual Dividend Yield 1.40%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	8.23	2.05 2.05 2.05
2025	7.20	1.80 1.80 1.80 1.80
2024	6.40	1.60 1.60 1.60 1.60
2023	5.52	1.38 1.38 1.38 1.38
2022	4.58	1.04 1.04 1.25 1.25
2021	3.64	0.78 0.78 1.04 1.04
2020	2.92	0.68 0.68 0.78 0.78
2019	2.52	0.58 0.58 0.68 0.68
2018	1.92	0.38 0.38 0.58 0.58
2017	1.32	0.28 0.28 0.38 0.38
2016	1.00	0.22 0.22 0.28 0.28

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	462	409	515	356
Receivables	840	821	987	884
Inventory	—	—	—	—
Other	—	—	—	195
	1,418	1,344	1,645	1,436

	2023	2024	2025	Q'26
Payables	10	15	15	17
ST’ Debt	11	—	—	—
Other	—	—	—	469
	1,517	1,586	1,830	1,606

Compound Annual Growth %

	10y	5y	3y
Sales	11.29%	13.08%	11.71%
Cash Flow	17.33%	14.39%	13.19%
Earnings	18.32%	14.84%	11.36%
Book Value	0.00%	0.00%	0.00%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	851	867	—	—	—
’25	746	773	793	823	3,134
’24	680	708	725	744	2,856
’23	592	621	625	690	2,529
’22	560	552	561	576	2,249
’21	478	498	517	550	2,044
’20	417	410	425	444	1,695

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	307	371	—	—	—
’25	302	336	449	501	1,588
’24	300	349	422	431	1,502
’23	264	292	291	389	1,236
’22	244	213	323	315	1,095
’21	215	225	216	280	936
’20	113	263	200	236	811

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	278	326	—	—	—
’25	269	302	423	465	1,459
’24	276	322	394	395	1,387
’23	243	265	270	367	1,145
’22	229	194	305	295	1,022
’21	205	214	201	257	877
’20	102	251	188	219	760

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	5.53	4.69	—	—	—
’25	3.71	3.92	4.25	3.81	15.69
’24	3.22	3.37	3.57	3.90	14.05
’23	2.97	3.09	3.27	5.07	14.39
’22	2.78	2.59	2.68	2.67	10.72
’21	2.36	1.99	2.03	2.32	8.70
’20	1.73	1.36	2.16	1.87	7.12

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	62.17	78.40	126.51	141.06	218.65	380.00	376.41	451.55	439.95	486.74	Analyst estimates 2026–2028 Powerpack
	High	90.79	130.58	184.22	267.51	446.90	679.85	617.13	573.32	642.45	634.99
People
People	Employees	2,754	3,038	3,112	3,396	3,633	4,303	4,759	5,794	6,132	6,268
	Revenue/emp, $m	0.42	0.42	0.46	0.46	0.47	0.47	0.47	0.44	0.47	0.50
Income, $m
Income, $m	Revenue	1,151	1,274	1,434	1,558	1,695	2,044	2,249	2,529	2,856	3,134
	Gross margin, %	78.09	78.52	79.96	81.07	82.79	82.45	82.02	82.34	81.99	82.44
	EBT	386	467	630	603	686	858	1,044	1,369	1,356	1,494
	EBT margin, %	33.54	36.64	43.93	38.73	40.48	41.99	46.42	54.14	47.48	47.67
	Net income	261	304	508	564	602	726	871	1,149	1,109	1,202
	Depreciation	84	83	89	106	115	139	148	164	211	224
Per share, $
Per share, $	Revenue	11.99	14.10	16.45	18.40	20.25	24.77	27.85	31.83	36.29	40.97
	Earnings	2.72	3.36	5.83	6.66	7.19	8.80	10.78	14.45	14.09	15.72
	Cash flow	4.61	4.47	7.03	8.38	9.69	11.35	13.57	15.56	19.08	20.76
	Capex	(0.44)	(0.54)	(0.56)	(0.64)	(0.61)	(0.72)	(0.90)	(1.14)	(1.46)	(1.70)
	Free cash flow	4.16	3.93	6.47	7.75	9.08	10.63	12.66	14.41	17.62	19.07
	Book value	3.31	4.44	(1.91)	(0.91)	(5.29)	(1.98)	(12.48)	(9.31)	(11.94)	(34.70)
	Shares, m	96	90	87	85	84	83	81	79	79	77
Valuation, ×
Valuation, ×	P/E	28.94	38.00	25.73	38.77	62.02	69.62	42.78	38.44	42.58	36.50
	P/S	6.57	9.05	8.96	14.03	22.05	24.74	16.56	17.46	16.54	14.00
	P/B	23.79	28.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	EV/Sales	7.70	10.00	10.14	15.05	23.28	26.09	18.12	19.06	17.98	15.82
	EV/FCF	22.16	35.86	25.80	35.75	51.93	60.81	39.86	42.10	37.03	34.00
Cash, $m
Cash, $m	Operating cash flow	442	404	613	710	811	936	1,095	1,236	1,502	1,588
	Capex	(43)	(49)	(49)	(54)	(51)	(59)	(73)	(91)	(115)	(130)
	Free cash flow	400	355	564	656	760	877	1,022	1,145	1,387	1,459
Balance, $m
Balance, $m	Working capital	519	659	626	1,181	904	892	497	(99)	(242)	(185)
	Total debt	2,075	2,078	2,576	3,094	3,390	4,184	4,512	4,508	4,511	6,202
	Net debt	1,283	1,189	1,671	1,587	2,089	2,763	3,518	4,046	4,101	5,687
	Shareholders’ equity	318	401	(166)	(77)	(443)	(163)	(1,008)	(740)	(940)	(2,655)
Returns, %
Returns, %	ROA	8.37	9.56	15.24	14.85	14.32	14.96	16.58	21.85	20.23	21.57
	ROIC	19.05	22.80	28.53	31.27	33.59	25.79	30.07	26.17	30.22	35.32
	ROE	42.79	84.60	433.13	(463.51)	(231.49)	(239.32)	(148.64)	(131.44)	(132.06)	(66.90)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SPGI S&P Global Inc.	$125.2B	26.2×	25.0×	+10.41% (above 0%: growing)	+16.57% (above 0%: growing)	+1.23% (above 0%: growing)	71.90%	43.70%	Compare
CME CME Group Inc.	$104.1B	24.7×	21.7×	+0.84% (above 0%: growing)	+2.85% (above 0%: growing)	−11.21% (below 0%: shrinking)	100.00%	64.89%	Compare
ICE Intercontinental Exchange Inc.	$88.9B	22.7×	19.9×	+4.84% (above 0%: growing)	+14.09% (above 0%: growing)	+29.65% (above 0%: growing)	98.61%	52.18%	Compare
MCO Moody's Corporation	$83.8B	30.6×	28.7×	+15.12% (above 0%: growing)	+56.52% (above 0%: growing)	+47.01% (above 0%: growing)	76.29%	47.87%	Compare
NDAQ Nasdaq, Inc.	$52.3B	27.0×	26.1×	+20.51% (above 0%: growing)	+13.92% (above 0%: growing)	−7.71% (below 0%: shrinking)	59.24%	28.12%	Compare
COIN Coinbase Global, Inc.	$48.5B	— (loss-making)	359×	−18.51% (below 0%: shrinking)	n/m	+128.50% (above 0%: growing)	84.44%	(9.30%)	Compare
MSCI MSCI Inc	$41.8B	31.1×	30.8×	+12.20% (above 0%: growing)	+19.90% (above 0%: growing)	+8.19% (above 0%: growing)	82.71%	56.23%
CBOE Cboe Global Markets, Inc.	$32.2B	24.5×	—	+22.95% (above 0%: growing)	+50.67% (above 0%: growing)	−270.85% (below 0%: shrinking)	50.71%	32.99%	Compare
TRU TransUnion	$14.2B	19.3×	17.1×	+14.91% (above 0%: growing)	+33.93% (above 0%: growing)	+42.65% (above 0%: growing)	58.41%	19.70%	Compare
Median of peers	$68.0B	24.7×	25.0×	+12.66%	+16.57%	+15.44%	74.10%	38.35%

All 15 Financial Data & Stock Exchanges stocks →

MSCI Inc (MSCI) key facts

Strength: MSCI Inc’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 9.75% from fiscal 2024.
Strength: Net income was $1.2 billion, or $15.72 per share (basic), a net margin of 38.4%.
MSCI Inc (MSCI) is a Financial Data & Stock Exchanges company in the Financial sector, listed on the New York Stock Exchange.
As of October 16, 2026, MSCI traded at $569.08, a market capitalization of $41.8 billion.
At that price the stock trades at 31.1× trailing-twelve-month earnings and 12.4× sales; its P/E is higher than 6% of its own readings over the past ten years.
MSCI Inc pays an annual dividend of $7.95 per share, a yield of 1.40%, with a payout ratio of 43.5%.
Return on equity was −66.9% and debt-to-equity -2.37.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.