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 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
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
FCF
Total debt
Cash
2025
$3.1B
$1.2B
0.0%
54.7%
$1.5B
$6.2B
$515M
2024
$2.9B
$1.1B
0.0%
53.5%
$1.5B
$4.5B
$409M
2023
$2.5B
$1.1B
0.0%
54.8%
$1.2B
$4.5B
$462M
2022
$2.2B
$871M
0.0%
53.7%
$1.1B
$4.5B
$994M
2021
$2.0B
$726M
0.0%
52.5%
$923M
$4.2B
$1.4B
2020
$1.7B
$602M
82.8%
52.2%
$789M
$3.4B
$1.3B
2019
$1.6B
$564M
81.1%
48.5%
$680M
$3.1B
$1.5B
2018
$1.4B
$508M
80.0%
47.9%
$583M
$2.6B
$904M
2017
$1.3B
$304M
78.5%
45.5%
$371M
$2.1B
$890M
2016
$1.2B
$261M
78.1%
42.4%
$410M
$2.1B
$792M
2015
—
$224M
—
—
$281M
$1.6B
$778M
2014
—
$284M
—
—
$263M
$788M
$509M
2013
—
$223M
—
—
$281M
$810M
$358M
2012
—
$184M
—
—
$302M
$858M
$183M
2011
—
$173M
—
—
$232M
$1.1B
$252M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$851M
$406M
0.0%
53.7%
$304M
$6.4B
$385M
Dec '25
$823M
$285M
0.0%
56.4%
$489M
$6.2B
$515M
Sep '25
$793M
$325M
0.0%
56.4%
$446M
$5.5B
$400M
Jun '25
$773M
$304M
0.0%
55.0%
$325M
$4.5B
$347M
Mar '25
$746M
$289M
0.0%
50.5%
$290M
$4.5B
$361M
Dec '24
$744M
$306M
0.0%
54.5%
$416M
$4.5B
$409M
Sep '24
$725M
$281M
0.0%
55.4%
$415M
$4.5B
$501M
Jun '24
$708M
$267M
0.0%
54.0%
$341M
$4.5B
$451M
Mar '24
$680M
$256M
0.0%
49.9%
$296M
$4.5B
$519M
Dec '23
$690M
$403M
0.0%
53.7%
$385M
$4.5B
$462M
Sep '23
$625M
$260M
0.0%
56.5%
$288M
$4.5B
$929M
Jun '23
$621M
$247M
0.0%
55.7%
$283M
$4.5B
$792M
Mar '23
$592M
$239M
0.0%
53.1%
$258M
$4.5B
$1.1B
Dec '22
$576M
$215M
0.0%
53.6%
$310M
$4.5B
$994M
Sep '22
$561M
$217M
0.0%
55.2%
$320M
$4.5B
$867M
Jun '22
$552M
$211M
0.0%
54.4%
$209M
$4.5B
$842M
Mar '22
$560M
$228M
0.0%
51.6%
$243M
$4.2B
$679M
Dec '21
$550M
$194M
82.6%
51.0%
$273M
$4.2B
$1.4B
Sep '21
$517M
$170M
82.7%
54.2%
$211M
$4.2B
$1.3B
Jun '21
$498M
$165M
82.5%
51.7%
$223M
$4.0B
$2.0B
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 46.8× (Mar '23) to 33.0× (Jun '26).
The price-to-sales ratio has fallen from 18.1× (Mar '23) to 12.6× (Jun '26).
The dividend yield has risen from 0.9% (Mar '23) to 1.4% (Jun '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?
As of Jun '26, MSCI Inc. traded at a price-to-earnings ratio of about 33.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.