Company research
MSCI Inc.
CIK 1408198Updated Sep 29, 2026
SecurityMSCI · NYSE · equity
MSCI price & chart
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Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,702,459,000Source | 5,445,439,000Source | 5,518,219,000Source | 4,997,535,000Source |
| Property, Plant and Equipment, NetUSD | 87,299,000Source | 70,885,000Source | 55,920,000Source | 53,853,000Source |
| GoodwillUSD | 2,923,362,000Source | 2,915,167,000Source | 2,887,692,000Source | 2,229,670,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 515,332,000Source | 409,351,000Source | 461,693,000Source | 993,564,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | 663,236,000Source |
| Assets, CurrentUSD | 1,644,769,000Source | 1,344,021,000Source | 1,418,153,000Source | 1,747,974,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 73,444,000Source | 65,799,000Source | 57,903,000Source | 54,520,000Source |
| Operating Lease, Right-of-Use AssetUSD | 112,873,000Source | 119,435,000Source | 115,243,000Source | 126,584,000Source |
| Other Assets, NoncurrentUSD | 55,768,000Source | 47,692,000Source | 43,903,000Source | 37,341,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 8,356,999,000Source | 6,385,436,000Source | 6,257,983,000Source | 6,005,460,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 1,343,000Source | 1,341,000Source | 1,338,000Source | 1,336,000Source |
| Retained Earnings (Accumulated Deficit)USD | 5,427,600,000Source | 4,780,300,000Source | 4,179,681,000Source | 3,473,192,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -51,569,000Source | -71,040,000Source | -61,352,000Source | -60,211,000Source |
| Stockholders' Equity Attributable to ParentUSD | -2,654,540,000Source | -939,997,000Source | -739,764,000Source | -1,007,925,000Source |
| Additional Paid in Capital, Common StockUSD | 1,802,528,000Source | 1,683,693,000Source | 1,587,670,000Source | 1,515,874,000Source |
| Liabilities and EquityUSD | 5,702,459,000Source | 5,445,439,000Source | 5,518,219,000Source | 4,997,535,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 1,829,713,000Source | 1,585,654,000Source | 1,517,025,000Source | 1,250,527,000Source |
| Operating Lease, Liability, CurrentUSD | 28,589,000Source | 24,851,000Source | 22,429,000Source | 23,246,000Source |
| Accounts Payable, CurrentUSD | 15,339,000Source | 14,517,000Source | 9,812,000Source | 15,039,000Source |
| Operating Lease, Liability, NoncurrentUSD | 107,531,000Source | 121,153,000Source | 120,134,000Source | 131,575,000Source |
| Deferred Income Tax Liabilities, NetUSD | 101,642,000Source | 47,623,000Source | 27,028,000Source | 29,098,000Source |
| Other Liabilities, NoncurrentUSD | 115,827,000Source | 120,190,000Source | 96,970,000Source | 91,027,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 55,767,000Source | 6,997,000Source | — | — |
| Dividends PayableUSD | — | 1,585,000Source | 1,941,000Source | 3,748,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 4,510,816,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | — | 0Source | 10,902,000Source | 8,713,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 6,202,286,000Source | 4,510,816,000Source | 4,496,826,000Source | 4,503,233,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 1,202,305,000Source | 1,109,128,000Source | 1,148,592,000Source | 870,573,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 23,405,000Source | 16,978,000Source | 21,009,000Source | 26,893,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 111,343,000Source | 95,204,000Source | 71,653,000Source | 58,094,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 164,236,000Source | -10,226,000Source | 149,529,000Source | 6,624,000Source |
| Increase (Decrease) in Accounts PayableUSD | 559,000Source | 4,963,000Source | -6,044,000Source | 1,337,000Source |
| Deferred Income Tax Expense (Benefit)USD | 46,674,000Source | 15,913,000Source | -15,258,000Source | 36,436,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 1,588,446,000Source | 1,501,627,000Source | 1,236,029,000Source | 1,095,369,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 27,467,000Source | 727,342,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -130,064,000Source | -144,255,000Source | -819,378,000Source | -79,335,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 203,000Source | 1,670,000Source | 1,185,000Source | 6,435,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 39,319,000Source | 33,762,000Source | 22,757,000Source | 13,617,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 2,484,305,000Source | 885,266,000Source | 504,188,000Source | 1,397,506,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,361,990,000Source | -1,402,308,000Source | -953,931,000Source | -1,425,380,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 556,521,000Source | 509,109,000Source | 440,993,000Source | 372,915,000Source |
| Repayments of Long-term DebtUSD | — | — | — | 7,188,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 105,981,000Source | -52,342,000Source | -531,871,000Source | -427,885,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 515,332,000Source | 409,351,000Source | 461,693,000Source | 993,564,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 173,312,000Source | 179,952,000Source | 182,313,000Source | 165,116,000Source |
| Income Taxes Paid, NetUSD | 222,268,000Source | 201,028,000Source | 240,479,000Source | 180,686,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 111,837,000Source | 96,365,000Source | 73,043,000Source | 58,043,000Source |
| Amortization of Debt Issuance CostsUSD | 5,876,000Source | 5,143,000Source | 5,055,000Source | 5,132,000Source |
| Amortization of Intangible AssetsUSD | 169,480,000Source | 164,037,000Source | 114,429,000Source | 91,079,000Source |
| DepreciationUSD | 23,405,000Source | 16,978,000Source | 21,009,000Source | 26,900,000Source |
| Dividends PayableUSD | — | 1,585,000Source | 1,941,000Source | 3,748,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -1,510,000Source | 0Source | 0Source |
| General and Administrative ExpenseUSD | 180,216,000Source | 182,340,000Source | 153,967,000Source | 146,857,000Source |
| GoodwillUSD | 2,923,362,000Source | 2,915,167,000Source | 2,887,692,000Source | 2,229,670,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -11,768,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | 291,951,000Source | 247,040,000Source | 220,469,000Source | 173,268,000Source |
| InterestExpenseNonoperatingUSD | 209,889,000Source | 185,500,000Source | — | — |
| Investment Income, InterestUSD | 16,012,000Source | 21,277,000Source | 34,479,000Source | 11,769,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,202,305,000Source | 1,109,128,000Source | 1,148,592,000Source | 870,573,000Source |
| Nonoperating Income (Expense)USD | -219,311,000Source | -172,350,000Source | -15,548,000Source | -163,799,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 29,700,000Source |
| Operating Lease, Impairment LossUSD | 0Source | 0Source | 477,000Source | 705,000Source |
| Other Nonoperating Income (Expense)USD | -25,434,000Source | -8,127,000Source | -6,377,000Source | -3,997,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 355,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 6,975,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 3,134,459,000Source | 2,856,128,000Source | 2,528,920,000Source | 2,248,598,000Source |
| Operating Income (Loss)USD | 1,713,567,000Source | 1,528,518,000Source | 1,384,609,000Source | 1,207,640,000Source |
| Other Nonoperating Income (Expense)USD | -25,434,000Source | -8,127,000Source | -6,377,000Source | -3,997,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,494,256,000Source | 1,356,168,000Source | 1,369,061,000Source | 1,043,841,000Source |
| Income Tax Expense (Benefit)USD | 291,951,000Source | 247,040,000Source | 220,469,000Source | 173,268,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,202,305,000Source | 1,109,128,000Source | 1,148,592,000Source | 870,573,000Source |
| Earnings Per Share, BasicUSD per share | 15.72Source | 14.09Source | 14.45Source | 10.78Source |
| Earnings Per Share, DilutedUSD per share | 15.69Source | 14.05Source | 14.39Source | 10.72Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 76,504,000Source | 78,710,000Source | 79,462,000Source | 80,746,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 76,636,000Source | 78,960,000Source | 79,843,000Source | 81,215,000Source |
| Interest Expense (non-operating)USD | 209,889,000Source | 185,500,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 169,480,000Source | 164,037,000Source | 114,429,000Source | 91,079,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 7.2Source | 6.4Source | 5.52Source | 4.58Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 550,366,000Source | 514,382,000Source | 446,581,000Source | 404,341,000Source |
| Costs and ExpensesUSD | 1,420,892,000Source | 1,327,610,000Source | 1,144,311,000Source | 1,040,958,000Source |
| Current Income Tax Expense (Benefit)USD | 245,277,000Source | 231,127,000Source | 235,727,000Source | 136,832,000Source |
| General and Administrative ExpenseUSD | 180,216,000Source | 182,340,000Source | 153,967,000Source | 146,857,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 818,443,000Source | 859,706,000Source | 643,492,000Source | 525,328,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -11,768,000Source | — | — | — |
| Interest ExpenseUSD | — | — | 186,679,000Source | 171,571,000Source |
| Investment Income, InterestUSD | 16,012,000Source | 21,277,000Source | 34,479,000Source | 11,769,000Source |
| Nonoperating Income (Expense)USD | -219,311,000Source | -172,350,000Source | -15,548,000Source | -163,799,000Source |
| Operating Lease, ExpenseUSD | — | — | — | 29,700,000Source |
| Research and Development ExpenseUSD | 177,596,000Source | 158,653,000Source | 132,121,000Source | 107,205,000Source |
| Selling and Marketing ExpenseUSD | 319,829,000Source | 291,220,000Source | 276,204,000Source | 264,583,000Source |