MSCI
MSCI Inc.Stock · FinancialsS&P 500 Equal Weight 0.2% · S&P 500 0.06% · Russell 1000 0.06% · Russell 3000 0.05% · US Stock Market 0.05% · MSCI World 0.05% · MSCI ACWI 0.05%$554.61+1.28%
as of market close, Sep 11, 2026
☾ AH — —
MSCI financial statements
The full income statement, balance sheet, and cash-flow statement for MSCI Inc. (MSCI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 78.6M2024-09 78.4M2024-12 77.7M2025-03 77.4M2025-06 77.4M2025-09 75.1M2025-12 73.5M2026-03 72.8M2026-06 72.7M-7.6% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 3.13B+9.7% | 2.86B+12.9% | 2.53B+12.5% | 2.25B+10.0% | 2.04B+20.5% | |
| Research & development | 178M+11.9% | 159M+20.1% | 132M+23.2% | 107M-3.9% | 112M+10.4% | |
| Selling, general & administrative | 180M-1.2% | 182M+18.4% | 154M+4.8% | 147M-0.7% | 148M+29.0% | |
| General & administrative | 180M-1.2% | 182M+18.4% | 154M+4.8% | 147M-0.7% | 148M+29.0% | |
| Selling & marketing | 320M+9.8% | 291M+5.4% | 276M+4.4% | 265M+8.8% | 243M+12.3% | |
| Amortization of intangibles | 169M+3.3% | 164M+43.4% | 114M+25.6% | 91.1M+13.0% | 80.6M+41.5% | |
| Provision for credit losses | 4.00M+0.3% | 3.99M+81.7% | 2.20M+141.3% | 910K-24.8% | 1.21M-29.3% | |
| Operating income | 1.71B+12.1% | 1.53B+10.4% | 1.38B+14.7% | 1.21B+12.6% | 1.07B+21.2% | |
| Interest expense | 210M+13.1% | 186M-0.6% | 187M+8.8% | 172M+7.5% | 160M+2.1% | |
| Interest & investment income | 16.0M-24.7% | 21.3M-38.3% | 34.5M+193.0% | 11.8M+686.2% | 1.50M-70.2% | |
| Other non-operating income | -25.4M-213.0% | -8.13M-27.4% | -6.38M-59.5% | -4.00M+92.9% | -56.5M-19.5% | |
| Equity-method income | -11.8M | 0.00 | 0.00 | — | — | |
| Pre-tax income | 1.49B+10.2% | 1.36B-0.9% | 1.37B+31.2% | 1.04B+21.6% | 858M+25.1% | |
| Income tax | 292M+18.2% | 247M+12.1% | 220M+27.2% | 173M+31.1% | 132M+56.6% | |
| Net income | 1.20B+8.4% | 1.11B-3.4% | 1.15B+31.9% | 871M+19.9% | 726M+20.6% | |
| $15.69+11.7% | $14.05-2.4% | $14.39+34.2% | $10.72+23.2% | $8.70+22.2% | ||
| EPS (basic) | $15.72+11.6% | $14.09-2.5% | $14.45+34.0% | $10.78+22.5% | $8.80+22.4% | |
| Weighted-avg shares (basic) | 76.5M-2.8% | 78.7M-0.9% | 79.5M-1.6% | 80.7M-2.1% | 82.5M-1.4% | |
| Weighted-avg shares (diluted) | 76.6M-2.9% | 79.0M-1.1% | 79.8M-1.7% | 81.2M-2.7% | 83.5M-1.2% | |
| Dividends per share | $7.20+12.5% | $6.40+15.9% | $5.52+20.5% | $4.58+25.8% | $3.64+24.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.64B+22.4% | 1.34B-5.2% | 1.42B-18.9% | 1.75B-18.4% | 2.14B+11.3% | ||
| Cash & equivalents | 515M+25.9% | 409M-11.3% | 462M-53.5% | 994M-30.1% | 1.42B+9.3% | |
| Accounts receivable | — | — | — | 663M-0.2% | 665M+19.0% | |
| Prepaid expenses | 73.5M+11.7% | 65.8M+13.6% | 57.9M+6.2% | 54.5M+5.9% | 51.5M+11.0% | |
| 5.70B+4.7% | 5.45B-1.3% | 5.52B+10.4% | 5.00B-9.2% | 5.51B+31.2% | ||
| Property, plant & equipment | 87.3M+23.2% | 70.9M+26.8% | 55.9M+3.8% | 53.9M-19.3% | 66.7M-17.1% | |
| Operating lease right-of-use | 113M-5.5% | 119M+3.6% | 115M-9.0% | 127M-12.4% | 145M-5.7% | |
| Goodwill | 2.92B+0.3% | 2.92B+1.0% | 2.89B+29.5% | 2.23B-0.3% | 2.24B+42.8% | |
| Intangible assets | 833M-8.3% | 908M-5.1% | 956M+71.2% | 559M-5.9% | 593M+152.8% | |
| Deferred tax assets | 45.9M+13.0% | 40.6M-1.1% | 41.1M+40.6% | 29.2M-27.2% | 40.1M+69.8% | |
| Other non-current assets | 55.7M+16.8% | 47.7M+8.6% | 43.9M+17.6% | 37.3M-41.1% | 63.4M+164.3% | |
| 1.83B+15.4% | 1.59B+4.5% | 1.52B+21.3% | 1.25B-0.0% | 1.25B+22.4% | ||
| Accounts payable | 15.3M+5.4% | 14.5M+48.0% | 9.81M-34.8% | 15.0M+11.8% | 13.4M-5.6% | |
| Deferred revenue | 1.23B+9.6% | 1.12B+3.6% | 1.08B+22.8% | 883M+7.0% | 825M+22.1% | |
| Short-term & current debt | — | 0.00-100.0% | 10.9M+25.1% | 8.71M | 0.00 | |
| Current lease liability | 28.6M+15.0% | 24.9M+10.8% | 22.4M-3.5% | 23.2M-0.3% | 23.3M+2.8% | |
| 8.36B+30.9% | 6.39B+2.0% | 6.26B+4.2% | 6.01B+5.9% | 5.67B+22.2% | ||
| Long-term debt | 6.20B+37.5% | 4.51B+0.3% | 4.50B-0.1% | 4.50B+8.2% | 4.16B+23.6% | |
| Deferred revenue (non-current) | 34.0M+5.6% | 32.2M+11.8% | 28.8M-2.0% | 29.4M+25.6% | 23.4M+229.6% | |
| Non-current lease liability | 108M-11.3% | 121M+0.8% | 120M-8.7% | 132M-12.3% | 150M-1.5% | |
| Operating lease liability (total) | 136M-6.8% | 146M+2.4% | 143M-7.9% | 155M-10.7% | 173M-1.0% | |
| Deferred tax liabilities | 102M+113.3% | 47.6M+76.2% | 27.0M-7.1% | 29.1M+697.2% | 3.65M-71.4% | |
| Other non-current liabilities | 116M-3.7% | 120M+23.9% | 97.0M+6.5% | 91.0M-12.6% | 104M+18.0% | |
| -2.65B-182.4% | -940M-27.1% | -740M+26.6% | -1.01B-516.6% | -163M+63.1% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 1.30M-3.1% | 1.34M+0.2% | 1.34M+0.1% | 1.34M+0.3% | 1.33M+0.3% | |
| Additional paid-in capital | 1.80B+7.1% | 1.68B+6.0% | 1.59B+4.7% | 1.52B+4.0% | 1.46B+3.9% | |
| Retained earnings | 5.43B+13.5% | 4.78B+14.4% | 4.18B+20.3% | 3.47B+16.7% | 2.98B+16.5% | |
| Treasury stock | 9.83B+34.1% | 7.33B+13.8% | 6.45B+8.6% | 5.94B+30.8% | 4.54B+4.6% | |
| Accumulated other comprehensive income | -51.5M+27.5% | -71.0M-15.8% | -61.4M-1.9% | -60.2M-2.4% | -58.8M+0.1% | |
| Total liabilities & equity | 5.70B+4.7% | 5.45B-1.3% | 5.52B+10.4% | 5.00B-9.2% | 5.51B+31.2% | |
| Common shares issued | 134M+0.2% | 134M+0.2% | 134M+0.1% | 134M+0.3% | 133M+0.3% | |
| Common shares outstanding | 73.6M-5.3% | 77.7M-1.7% | 79.1M-1.1% | 80.0M-3.0% | 82.4M-0.2% | |
| Shares outstanding (cover) | 73.5M-5.4% | 77.7M-1.8% | 79.1M-1.1% | 80.0M-1.6% | 81.3M-1.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.59B+5.8% | 1.50B+21.5% | 1.24B+12.8% | 1.10B+17.0% | 936M+15.4% | ||
| Depreciation & amortization | 23.4M+37.9% | 17.0M-19.2% | 21.0M-21.9% | 26.9M-6.9% | 28.9M-3.0% | |
| Intangible amortization | 169M+3.3% | 164M+43.4% | 114M+25.6% | 91.1M+13.0% | 80.6M+41.5% | |
| Share-based compensation | 111M+17.0% | 95.2M+32.9% | 71.7M+23.3% | 58.1M+5.8% | 54.9M+7.5% | |
| Deferred income taxes | 46.7M+193.3% | 15.9M+204.3% | -15.3M-141.9% | 36.4M+132.7% | -111M-100.1% | |
| Change in receivables | 164M+1706.1% | -10.2M-106.8% | 150M+2157.4% | 6.62M-93.3% | 99.2M+72.2% | |
| Change in payables | 559K-88.7% | 4.96M+182.1% | -6.04M-552.1% | 1.34M+160.9% | -2.19M-129.3% | |
| -130M+9.8% | -144M+82.4% | -819M-932.8% | -79.3M+92.3% | -1.04B-328.4% | ||
| Capital expenditure | 39.3M+16.5% | 33.8M+48.4% | 22.8M+67.1% | 13.6M+0.8% | 13.5M-38.1% | |
| Free cash flow | 1.55B+5.5% | 1.47B+21.0% | 1.21B+12.2% | 1.08B+17.3% | 923M+16.9% | |
| Acquisitions | 0.00-100.0% | 27.5M-96.2% | 727M | 0.00-100.0% | 949M | |
| Other investing activities | 203K-87.8% | 1.67M+40.9% | 1.19M-81.6% | 6.43M+508.8% | 1.06M | |
| -1.36B+2.9% | -1.40B-47.0% | -954M+33.1% | -1.43B-721.1% | 230M+129.5% | ||
| Long-term debt issued | 2.81B+403.9% | 557M | 0.00-100.0% | 355M-80.3% | 1.80B+28.4% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 7.19M-99.3% | 1.05B-7.9% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 2.48B+180.6% | 885M+75.6% | 504M-63.9% | 1.40B+604.5% | 198M-74.5% | |
| Dividends paid | 557M+9.3% | 509M+15.4% | 441M+18.3% | 373M+23.3% | 302M+22.7% | |
| Net change in cash | 106M+302.5% | -52.3M+90.2% | -532M-24.3% | -428M-453.8% | 121M+158.7% | |
| Interest paid | 173M-3.7% | 180M-1.3% | 182M+10.4% | 165M+9.1% | 151M-7.4% | |
| Income taxes paid | 222M+10.6% | 201M-16.4% | 240M+33.1% | 181M-18.8% | 223M+95.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 42.2B-9.5% | 46.6B+4.1% | 44.7B+20.3% | 37.2B-25.3% | 49.8B+35.0% | |
| P/E | 35.1×-16.5% | 42.0×-9.8% | 46.6×+6.4% | 43.8×-36.2% | 68.6×+11.9% | |
| P/S | 13.4×-17.6% | 16.3×-11.9% | 18.5×+10.7% | 16.7×-31.3% | 24.4×+12.0% | |
| P/FCF | 27.2×-14.3% | 31.7×-19.3% | 39.3×+10.5% | 35.6×-34.1% | 54.0×+15.5% | |
| Earnings yield | 2.9%+19.8% | 2.4%+10.9% | 2.1%-6.0% | 2.3%+56.6% | 1.5%-10.7% | |
| FCF yield | 3.7%+16.6% | 3.2%+23.9% | 2.5%-9.5% | 2.8%+51.7% | 1.9%-13.4% | |
| Dividend yield | 1.3%+17.7% | 1.1%+9.3% | 0.98%-0.9% | 0.98%+65.7% | 0.59%-9.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MSCI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MSCI filings on SEC EDGAR → Not investment advice.