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MSCI (MSCI)

NYSE Financials Financial Exchanges & Data S&P 500
$641.01
-14.90 (-2.27%)
Close of Nov 06, 2026 · end-of-day data
Source: MSCI's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$1.15B$1.27B$1.43B$1.56B$1.70B$2.04B$2.25B$2.53B$2.86B$3.13B
Cost of revenue$252.11M$273.68M$287.33M$294.96M$291.70M$358.68M$404.34M$446.58M$514.38M$550.37M
Gross profit$898.56M$1.00B$1.15B$1.26B$1.40B$1.68B$1.84B$2.08B$2.34B$2.58B
Research & development$75.20M$75.85M$81.41M$98.33M$101.05M$111.56M$107.20M$132.12M$158.65M$177.60M
Operating income$488.10M$579.77M$686.90M$755.70M$884.76M$1.07B$1.21B$1.38B$1.53B$1.71B
Interest expense$101.65M$116.10M$133.11M$148.04M$156.32M$159.61M$171.57M$186.68M$185.50M$209.89M
Pre-tax income$385.94M$466.90M$629.90M$603.32M$686.23M$858.14M$1.04B$1.37B$1.36B$1.49B
Income tax$125.08M$162.93M$122.01M$39.67M$84.40M$132.15M$173.27M$220.47M$247.04M$291.95M
Net income$260.86M$303.97M$507.88M$563.65M$601.82M$725.98M$870.57M$1.15B$1.11B$1.20B
EBITDA$522.42M$615.21M$718.24M$785.70M$914.57M$1.10B$1.23B$1.41B$1.55B$1.74B
EPS (basic)$2.72$3.36$5.83$6.66$7.19$8.80$10.78$14.45$14.09$15.72
EPS (diluted)$2.70$3.31$5.66$6.59$7.12$8.70$10.72$14.39$14.05$15.69
Diluted shares96.54M91.91M89.70M85.54M84.52M83.48M81.22M79.84M78.96M76.64M
Gross margin78.1%78.5%80.0%81.1%82.8%82.4%82.0%82.3%82.0%82.4%
Operating margin42.4%45.5%47.9%48.5%52.2%52.5%53.7%54.8%53.5%54.7%
Net margin22.7%23.9%35.4%36.2%35.5%35.5%38.7%45.4%38.8%38.4%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$791.83M$889.50M$904.18M$1.51B$1.30B$1.42B$993.56M$461.69M$409.35M$515.30M
Receivables$221.50M$327.60M$473.43M$499.27M$558.57M$664.51M$663.24M———
Total current assets$1.06B$1.27B$1.44B$2.08B$1.93B$2.14B$1.75B$1.42B$1.34B$1.64B
Goodwill$1.56B$1.56B$1.55B$1.56B$1.57B$2.24B$2.23B$2.89B$2.92B$2.92B
Total assets$3.08B$3.28B$3.39B$4.20B$4.20B$5.51B$5.00B$5.52B$5.45B$5.70B
Total current liabilities$536.57M$607.67M$809.01M$900.79M$1.02B$1.25B$1.25B$1.52B$1.59B$1.83B
Short-term debt—————$0$8.71M$10.90M$0—
Long-term debt$2.08B$2.08B$2.58B$3.07B$3.37B$4.16B$4.50B$4.50B$4.51B$6.20B
Total debt$2.08B$2.08B$2.58B$3.07B$3.37B$4.16B$4.51B$4.51B$4.51B$6.20B
Total liabilities$2.76B$2.87B$3.55B$4.28B$4.64B$5.67B$6.01B$6.26B$6.39B$8.36B
Shareholders' equity$317.61M$401.01M-$166.49M-$76.71M-$443.23M-$163.47M-$1.01B-$739.76M-$940.00M-$2.65B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$442.36M$404.16M$612.76M$709.52M$811.11M$936.07M$1.10B$1.24B$1.50B$1.59B
Capital expenditures$32.28M$33.18M$30.26M$29.12M$21.83M$13.51M$13.62M$22.76M$33.76M$39.32M
Free cash flow$410.08M$370.98M$582.50M$680.41M$789.28M$922.56M$1.08B$1.21B$1.47B$1.55B
Investing cash flow-$42.03M-$48.05M$34.87M-$71.94M-$241.79M-$1.04B-$79.33M-$819.38M-$144.25M-$130.06M
Financing cash flow-$372.90M-$267.54M-$626.48M-$36.67M-$779.04M$229.50M-$1.43B-$953.93M-$1.40B-$1.36B
Dividends paid$96.26M$119.80M$171.03M$222.92M$246.44M$302.45M$372.92M$440.99M$509.11M$556.52M
Share buybacks$774.57M$150.46M$949.89M$292.07M$778.52M$198.37M$1.40B$504.19M$885.27M$2.48B
Stock-based compensation$32.00M$36.58M$38.90M$41.20M$51.09M$54.92M$58.09M$71.65M$95.20M$111.34M
Depreciation & amortization$34.32M$35.44M$31.35M$30.00M$29.80M$28.90M$26.89M$21.01M$16.98M$23.41M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.