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 55 d ago 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
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%	$446M	$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
Sep '21	$517M	$170M	82.7%	54.2%	-60.7%	3.3%	$211M	$4.2B	$1.3B

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 46.7× (Mar '23) to 34.7× (Sep '26).
The price-to-sales ratio has fallen from 18.1× (Mar '23) to 13.3× (Sep '26).
The dividend yield has risen from 0.9% (Mar '23) to 1.3% (Sep '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 Sep '26, MSCI Inc. traded at a price-to-earnings ratio of about 34.7× (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.