MSCI Inc.

Listed Company

MSCICIK 0001408198NYSELarge AcceleratedServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.13B

Net Income

$1.20B

Total Assets

$5.70B

Equity

$-2.65B

Shares Out

72.80M

Op. Cash Flow

$1.59B

MSCI$628.53+8.28% · past yearDBEQ Basic

Daily closing prices

Business

MSCI Inc. provides research-based data, analytics and indexes supported by advanced technology to global investors. The company offers indexes spanning multiple asset classes, portfolio construction and risk management tools, sustainability and climate solutions, and private asset data and analytics. MSCI operates through Index, Analytics, Sustainability and Climate, and All Other – Private Assets segments, serving asset managers, banks, asset owners, hedge funds, wealth managers, insurance companies and other institutional clients across more than 100 countries.

Summary from 10-K filed 2026-02-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	3,134	2,856	2,529	2,249	2,044
Cost of revenues (exclusive of depreciation and amortization)	550	514	447	404	359
Selling and marketing	320	291	276	265	243
Research and development	178	159	132	107	112
General and administrative	180	182	154	147	148
Amortization of intangible assets	169	164	114	91	81
Depreciation and amortization of property, equipment and leasehold improvements	23	17	21	27	29
Total operating expenses	1,421	1,328	1,144	1,041	971
Operating income	1,714	1,529	1,385	1,208	1,073
Interest income	−16	−21	−34	−12	−1
Interest expense	210	186	187	172	—
Gain on remeasurement of equity method investment	0	0	−143	0	0
Other expense (income)	25	8	6	4	56
Other expense (income), net	219	172	16	164	215
Income before provision for income taxes	1,494	1,356	1,369	1,044	858
Provision for income taxes	292	247	220	173	132
Net income	1,202	1,109	1,149	871	726
Basic (in USD per share)	15.72	14.09	14.45	10.78	8.8
Diluted (in USD per share)	15.69	14.05	14.39	10.72	8.7
Basic (in USD per share) (shares)	77	79	79	81	83
Diluted (in USD per share) (shares)	77	79	80	81	83

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents (includes restricted cash of $3,667 and $3,497 at December 31, 2025 and December 31, 2024, respectively)	515	409	462	994	1,421
Accounts receivable (net of allowances of $6,421 and $5,284 at December 31, 2025 and December 31, 2024, respectively)	987	821	840	663	665
Prepaid income taxes	69	48	59	37	6
Prepaid and other assets	73	66	58	55	51
Total current assets	1,645	1,344	1,418	1,748	2,143
Property, equipment and leasehold improvements, net	87	71	56	54	67
Right of use assets	113	119	115	127	145
Goodwill	2,923	2,915	2,888	2,230	2,236
Intangible assets, net	833	908	956	559	593
Deferred tax assets	46	41	41	29	40
Other non-current assets	56	48	44	37	63
Total assets	5,702	5,445	5,518	4,998	5,507
Accounts payable	15	15	10	15	13
Income taxes payable	74	38	25	8	60
Accrued compensation and related benefits	243	217	219	182	208
Other accrued liabilities	265	192	168	153	145
Deferred revenue	1,232	1,123	1,084	883	825
Total current liabilities	1,830	1,586	1,517	1,251	1,251
Long-term debt	6,202	4,511	4,497	4,503	4,161
Long-term operating lease liabilities	108	121	120	132	150
Deferred tax liabilities	102	48	27	29	4
Other non-current liabilities	116	120	97	91	104
Total liabilities	8,357	6,385	6,258	6,005	5,670
Commitments and Contingencies (see Note 6 and Note 10)	—	—	—	—	—
Preferred Stock (par value $0.01, 100,000,000 shares authorized, 0 shares issued)	0	0	0	0	0
Common stock (par value $0.01; 750,000,000 common shares authorized; 134,319,833 and 134,079,855 common shares issued and 73,563,183 and 77,744,588 common shares outstanding at December 31, 2025 and December 31, 2024, respectively)	1	1	1	1	1
Treasury shares, at cost (60,756,650 and 56,335,267 common shares held at December 31, 2025 and December 31, 2024, respectively)	−9,834	−7,334	−6,447	−5,938	−4,540
Additional paid in capital	1,803	1,684	1,588	1,516	1,458
Retained earnings	5,428	4,780	4,180	3,473	2,977
Accumulated other comprehensive loss	−52	−71	−61	−60	−59
Total shareholders' equity (deficit)	−2,655	−940	−740	−1,008	−163
Total liabilities and shareholders' equity (deficit)	5,702	5,445	5,518	4,998	5,507

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	1,202	1,109	1,149	871	726
Stock-based compensation expense	111	95	72	58	55
Depreciation and amortization of property, equipment and leasehold improvements	23	17	21	27	29
Amortization of right of use assets	26	25	24	25	25
Loss on impairment of right of use assets, net	0	0	477,000	705,000	8
Amortization of debt origination fees	6	5	5	5	5
Loss on extinguishment of debt	0	2	0	0	59
Loss on investment in investee	12	0	0	—	—
Deferred taxes	47	14	−15	36	—
Other adjustments	16	−3	7	1	−146,000
Accounts receivable	−164	10	−150	−7	−99
Prepaid income taxes	−21	11	−22	−32	15
Prepaid and other assets	−8	−10	2	−4	−4
Other non-current assets	−16	402,000	−8	31	−35
Accounts payable	559,000	5	−6	1	−2
Income taxes payable	29	16	15	−49	34
Accrued compensation and related benefits	21	6	23	−22	43
Other accrued liabilities	62	10	4	11	−9
Deferred revenue	96	46	172	73	117
Long-term operating lease liabilities	−28	−26	−24	−25	−22
Other non-current liabilities	6	4	−7	4	22
Other	−1	136,000	4	−441,000	2
Net cash provided by operating activities	1,588	1,502	1,236	1,095	936
Acquisition of a business, net of cash acquired	0	−27	−727	0	−949
Capital expenditures	−39	−34	−23	−14	−14
Capitalized software development costs	−91	−81	−68	−59	−39
Other	−203,000	−2	−1	−6	−1
Net cash used in investing activities	−130	−144	−819	−79	−1,036
Repurchase of common stock held in treasury	−2,484	−885	−504	−1,398	−198
Payment of dividends	−557	−509	−441	−373	−302
Repayment of borrowings	−1,102	−559	−9	−7	−1,052
Proceeds from borrowings, net of discount	2,806	557	0	355	1,804
Payment of debt issuance costs	−20	−4	0	−3	−22
Payment of contingent consideration and deferred purchase price from acquisitions	−12	−2	0	−211,000	0
Proceeds from exercise of stock options	7	0	0	—	—
Net cash used in financing activities	−1,362	−1,402	−954	−1,425	230
Effect of exchange rate changes	10	−7	5	−19	−9
Net increase (decrease) in cash, cash equivalents and restricted cash	106	−52	−532	−428	121
Cash paid for interest	173	180	182	165	151
Cash paid for income taxes, net of refunds received	222	201	240	181	223
Property, equipment and leasehold improvements in other accrued liabilities	2	3	3	2	3

Filings

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Frequently asked questions

What is MSCI Inc.'s CIK number?

MSCI Inc.'s SEC CIK number is 0001408198 (1408198). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find MSCI Inc.'s SEC filings?

All of MSCI Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did MSCI Inc. last report earnings?

MSCI Inc. (MSCI) most recently filed an earnings 8-K with the SEC on Apr 21, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001408198-26-000032). This is MSCI Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is MSCI Inc.'s most recent earnings 8-K?

MSCI Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 21, 2026 under accession 0001408198-26-000032. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View MSCI Inc.'s latest earnings 8-K →
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