MSCI Inc. MSCI

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived NYSE

Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities, make better investment decisions and unlock innovation.

Investors all over the world use our tools and solutions to gain insights and improve transparency throughout their investment processes. Our offerings help them define their investment universe; make asset allocation decisions; construct and analyze portfolios and investment strategies; identify, measure and manage drivers of investment risk and performance; integrate sustainability and climate considerations into portfolio construction and risk management; design and manage indexed financial products such as exchange-traded funds ("ETFs"); and prepare regulatory and client reports.

Last close 615.62 2026-10-23
Market cap $44.76B 2026-06-30 share count
52-week range 501.08 - 644.77

Valuation FY2025 figures against the last close

P/S14.3x
P/E39.2x
P/FCF28.9x
EV/EBITDA29.0x
Dividend yield1.2%
Diluted EPS15.69

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.13B$2.86B$2.53B$2.25B$2.04B$1.70B$1.56B$1.43B$1.27B$1.15B
Cost of revenue —————$291.7M$295.0M$287.3M$273.7M$252.1M
Gross profit —————$1.40B$1.26B$1.15B$1.00B$898.6M
R&D $177.6M$158.7M$132.1M$107.2M$111.6M$101.1M$98.3M$81.4M$75.8M$75.2M
SG&A $180.2M$182.3M$154.0M$146.9M$147.9M$114.6M$110.1M$99.9M$87.8M$87.2M
Total operating expenses $1.42B$1.33B$1.14B$1.04B$970.8M$810.6M$802.1M$747.1M$694.4M$662.6M
Operating income $1.71B$1.53B$1.38B$1.21B$1.07B$884.8M$755.7M$686.9M$579.8M$488.1M
Interest expense $209.9M$185.5M$186.7M$171.6M$159.6M$156.3M$148.0M$133.1M$116.1M$101.7M
Pre-tax income $1.49B$1.36B$1.37B$1.04B$858.1M$686.2M$603.3M$629.9M$466.9M$385.9M
Income tax $292.0M$247.0M$220.5M$173.3M$132.2M$84.4M$39.7M$122.0M$162.9M$125.1M
Net income $1.20B$1.11B$1.15B$870.6M$726.0M$601.8M$563.6M$507.9M$304.0M$260.9M
EPS, basic 15.7214.0914.4510.788.807.196.665.833.362.72
EPS, diluted 15.6914.0514.3910.728.707.126.595.663.312.70
Shares, diluted (wtd. avg.) 76.6M79.0M79.8M81.2M83.5M84.5M85.5M89.7M91.9M96.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $515.3M$409.4M$461.7M$993.6M$1.42B$1.30B$1.51B$904.2M$889.5M$791.8M
Receivables ———$663.2M$664.5M$558.6M$499.3M$473.4M$327.6M$221.5M
Total current assets $1.64B$1.34B$1.42B$1.75B$2.14B$1.93B$2.08B$1.44B$1.27B$1.06B
Property, plant and equipment $87.3M$70.9M$55.9M$53.9M$66.7M$80.4M$90.7M$90.9M$94.4M$95.6M
Goodwill $2.92B$2.92B$2.89B$2.23B$2.24B$1.57B$1.56B$1.55B$1.56B$1.56B
Other intangibles $832.5M$907.6M$956.2M$558.5M$593.3M$234.7M$261.5M$280.8M$321.8M$347.6M
Total assets $5.70B$5.45B$5.52B$5.00B$5.51B$4.20B$4.20B$3.39B$3.28B$3.08B
Accounts payable $15.3M$14.5M$9.8M$15.0M$13.4M$14.3M$6.5M$3.9M$1.6M$568.0K
Short-term debt —$0$10.9M$8.7M$0—————
Total current liabilities $1.83B$1.59B$1.52B$1.25B$1.25B$1.02B$900.8M$809.0M$607.7M$536.6M
Long-term debt $6.20B$4.51B$4.50B$4.50B$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
Retained earnings $5.43B$4.78B$4.18B$3.47B$2.98B$2.55B$2.20B$1.86B$1.51B$1.32B
Total equity -$2.65B-$940.0M-$739.8M-$1.01B-$163.5M-$443.2M-$76.7M-$166.5M$401.0M$317.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.59B$1.50B$1.24B$1.10B$936.1M$811.1M$709.5M$612.8M$404.2M$442.4M
Depreciation and amortisation $23.4M$17.0M$21.0M$26.9M$28.9M$29.8M$30.0M$31.3M$35.4M$34.3M
Stock-based compensation $111.3M$95.2M$71.7M$58.1M$54.9M$51.1M$41.2M$38.9M$36.6M$32.0M
Capital expenditure $39.3M$33.8M$22.8M$13.6M$13.5M$21.8M$29.1M$30.3M$33.2M$32.3M
Investing cash flow -$130.1M-$144.3M-$819.4M-$79.3M-$1.04B-$241.8M-$71.9M$34.9M-$48.0M-$42.0M
Financing cash flow -$1.36B-$1.40B-$953.9M-$1.43B$229.5M-$779.0M-$36.7M-$626.5M-$267.5M-$372.9M
Dividends paid $556.5M$509.1M$441.0M$372.9M$302.4M$246.4M$222.9M$170.9M$119.7M$96.2M
Buybacks $2.48B$885.3M$504.2M$1.40B$198.4M$778.5M$292.1M$949.9M$150.5M$774.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001408198-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 1.2B Gross profit, FY2016: 898.6M Net income, FY2016: 260.9M Revenue, FY2017: 1.3B Gross profit, FY2017: 1B Net income, FY2017: 304M Revenue, FY2018: 1.4B Gross profit, FY2018: 1.1B Net income, FY2018: 507.9M Revenue, FY2019: 1.6B Gross profit, FY2019: 1.3B Net income, FY2019: 563.6M Revenue, FY2020: 1.7B Gross profit, FY2020: 1.4B Net income, FY2020: 601.8M Revenue, FY2021: 2B Net income, FY2021: 726M Revenue, FY2022: 2.2B Net income, FY2022: 870.6M Revenue, FY2023: 2.5B Net income, FY2023: 1.1B Revenue, FY2024: 2.9B Net income, FY2024: 1.1B Revenue, FY2025: 3.1B Net income, FY2025: 1.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.15B $1.27B $1.43B $1.56B $1.70B $2.04B $2.25B $2.53B $2.86B $3.13B
Gross profit $898.6M $1.00B $1.15B $1.26B $1.40B — — — — —
Net income $260.9M $304.0M $507.9M $563.6M $601.8M $726.0M $870.6M $1.15B $1.11B $1.20B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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