MSCI Inc. Earnings Per Share Disclosure
| Years Ended | ||||||||||||||||||||
| (in thousands, except per share data) | December 31, 2025 | December 31, 2024 | December 31, 2023 | |||||||||||||||||
| Net income | $ | 1,202,305 | $ | 1,109,128 | $ | 1,148,592 | ||||||||||||||
| Basic weighted average common shares outstanding | 76,504 | 78,710 | 79,462 | |||||||||||||||||
| Effect of dilutive securities: | 132 | 250 | 381 | |||||||||||||||||
| Diluted weighted average common shares outstanding | 76,636 | 78,960 | 79,843 | |||||||||||||||||
| Earnings per common share: | ||||||||||||||||||||
| Basic | $ | 15.72 | $ | 14.09 | $ | 14.45 | ||||||||||||||
| Diluted | $ | 15.69 | $ | 14.05 | $ | 14.39 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 6, 2026 | Showing above |
| 2022 | Feb 10, 2023 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.