MSCI Financials MSCI Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 23, 2026, 11:09 UTC Overview →

Growth & profitability

Revenue has grown 13.1% per year over the past 5 years.
Net income has grown faster than revenue (14.8% vs 13.1% per year).
Operating margin has expanded, at 54.7% in the latest year.
Free cash flow has grown 14.4% per year over the past 5 years.

Financial health

Total debt ($6.2B) exceeds cash ($515M); net debt is $5.7B.
Total debt has grown in line with revenue (13.0% vs 13.1% per year).
Operating income covered interest expense 8.2× in the latest year.
Total debt is 3.6× EBITDA.

Shareholder returns

Dividends have been paid for 12 consecutive years, consuming 46.3% of earnings and 35.9% of free cash flow.
The dividend has grown 17.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$3.1B	$1.2B	0.0%	54.7%	-45.3%	21.1%	$1.5B	$6.2B	$515M
2024	$2.9B	$1.1B	0.0%	53.5%	-118.0%	20.4%	$1.5B	$4.5B	$409M
2023	$2.5B	$1.1B	0.0%	54.8%	-155.3%	20.8%	$1.2B	$4.5B	$462M
2022	$2.2B	$871M	0.0%	53.7%	-86.4%	17.4%	$1.1B	$4.5B	$994M
2021	$2.0B	$726M	0.0%	52.5%	-444.1%	13.2%	$923M	$4.2B	$1.4B
2020	$1.7B	$602M	82.8%	52.2%	-135.8%	14.3%	$789M	$3.4B	$1.3B
2019	$1.6B	$564M	81.1%	48.5%	-734.7%	13.4%	$680M	$3.1B	$1.5B
2018	$1.4B	$508M	80.0%	47.9%	-305.0%	15.0%	$583M	$2.6B	$904M
2017	$1.3B	$304M	78.5%	45.5%	75.8%	9.3%	$371M	$2.1B	$890M
2016	$1.2B	$261M	78.1%	42.4%	82.1%	8.5%	$410M	$2.1B	$792M
2015	—	$224M	—	—	24.8%	7.1%	$281M	$1.6B	$778M
2014	—	$284M	—	—	19.8%	9.9%	$263M	$788M	$509M
2013	—	$223M	—	—	14.2%	7.1%	$281M	$810M	$358M
2012	—	$184M	—	—	13.0%	6.1%	$302M	$858M	$183M
2011	—	$173M	—	—	13.4%	5.6%	$232M	$1.1B	$252M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$892M	$351M	0.0%	56.3%	-11.6%	6.3%	$423M	$6.7B	$261M
Jun '26	$867M	$342M	0.0%	56.2%	-12.7%	6.1%	$360M	$6.4B	$356M
Mar '26	$851M	$406M	0.0%	53.7%	-14.6%	7.3%	$304M	$6.4B	$385M
Dec '25	$823M	$285M	0.0%	56.4%	-10.7%	5.0%	$489M	$6.2B	$515M
Sep '25	$793M	$325M	0.0%	56.4%	-17.0%	6.0%	$445M	$5.5B	$400M
Jun '25	$773M	$304M	0.0%	55.0%	-34.3%	5.7%	$325M	$4.5B	$347M
Mar '25	$746M	$289M	0.0%	50.5%	-30.1%	5.4%	$290M	$4.5B	$361M
Dec '24	$744M	$306M	0.0%	54.5%	-32.5%	5.6%	$416M	$4.5B	$409M
Sep '24	$725M	$281M	0.0%	55.4%	-37.4%	5.2%	$415M	$4.5B	$501M
Jun '24	$708M	$267M	0.0%	54.0%	-36.3%	4.9%	$341M	$4.5B	$451M
Mar '24	$680M	$256M	0.0%	49.9%	-39.3%	4.7%	$296M	$4.5B	$519M
Dec '23	$690M	$403M	0.0%	53.7%	-54.5%	7.3%	$385M	$4.5B	$462M
Sep '23	$625M	$260M	0.0%	56.5%	-24.8%	5.3%	$288M	$4.5B	$929M
Jun '23	$621M	$247M	0.0%	55.7%	-20.7%	5.2%	$283M	$4.5B	$792M
Mar '23	$592M	$239M	0.0%	53.1%	-26.5%	4.7%	$258M	$4.5B	$1.1B
Dec '22	$576M	$215M	0.0%	53.6%	-21.3%	4.3%	$310M	$4.5B	$994M
Sep '22	$561M	$217M	0.0%	55.2%	-20.1%	4.5%	$320M	$4.5B	$867M
Jun '22	$552M	$211M	0.0%	54.4%	-20.5%	4.4%	$209M	$4.5B	$842M
Mar '22	$560M	$228M	0.0%	51.6%	-26.0%	4.9%	$243M	$4.2B	$679M
Dec '21	$550M	$194M	82.6%	51.0%	-118.6%	3.5%	$273M	$4.2B	$1.4B

Valuation over time

How the market has priced MSCI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 46.0× (Mar '23) to 37.9× (Nov '26).
The price-to-sales ratio has fallen from 17.8× (Mar '23) to 14.5× (Nov '26).
The dividend yield has risen from 0.9% (Mar '23) to 1.2% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MSCI growing its revenue and profit?

Over the past 5 years, MSCI Inc.'s revenue has grown 13.1% per year, and net income grown 14.8% per year. These are computed facts, not advice.

How much debt does MSCI have?

As of FY2025, MSCI Inc. reported $6.2B of total debt against $515M of cash; operating income covered interest expense 8.2×.

What is MSCI's profit margin?

In FY2025, gross margin was —, operating margin 54.7%, and net margin 38.4%.

What is MSCI's P/E ratio?

MSCI Inc.'s P/E (TTM) is 32.93 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MSCI stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 37.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.