MSCI Inc. (MSCI)
MSCI Inc., together with its subsidiaries, provides research-based data, analytics, and indexes, supported by advanced technology worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial products, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct. The Analytics segment offers risk management, performance attribution and portfolio management content, application, an integrated view of risk and return service, and an analysis of market, credit, liquidity, counterparty, and climate risk across asset classes; managed services, including consolidation of client portfolio data, review and reconciliation of input data and results, and customized reporting; and HedgePlatform to measure, evaluate, and monitor the risk of hedge fund investments. The Sustainability and Climate segment provides products and services that help institutional investors understand how ESG impacts the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to assist investors navigate increasing regulation. The All Other Private Assets segment comprises private credit, real estate and infrastructure data, benchmarks, return-analytics, climate assessments and market insights; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. The Private Capital Solutions segment offers tools to help private asset investors across mission-critical workflows, such as sourcing terms and conditions, evaluating operating performance, managing risk and other activities supporting private capital investment. MSCI Inc. was incorporated in 1998 and is based in New York, New York.
- Ticker
- MSCI
- Exchange
- NYSE
- Sector
- Financial Services
- Industry
- Financial Data & Stock Exchanges
- Market cap
- $45.96B
- 52-week range
- $501.08 - $681.04
Valuation
- Share price
- $641.01 (close of Nov 6, 2026)
- P/E (TTM)
- 33.86x
- Price to book
- -15.24x
- Price to free cash flow
- 29.18x
- Enterprise value
- $52.57B
- Book value per share
- $-42.07
Price performance
| Period | Change |
|---|---|
| 1 day | -2.27% |
| 5 days | +2.83% |
| 1 month | +15.51% |
| 3 months | +13.01% |
| 6 months | +10.11% |
| Year to date | +11.73% |
| 1 year | +10.44% |
| 3 years | +29.09% |
| 5 years | -1.89% |
| 10 years | +707.62% |
| All time | +2,355.98% |
Short interest
- As of
- Oct 15, 2026
- Short % of float
- 2.41%
- Shares short
- 1.46M
- Days to cover
- 2.98
- Change since prior report
- -24.58%
- Source
- FINRA consolidated short interest
Members of Congress who disclosed MSCI trades
Byron Donalds · Julie Johnson · Robert Bresnahan · Alan Armstrong
Super investors holding MSCI
Andreas Halvorsen (Viking Global Investors) · Polen Capital Mgmt (Polen Capital Management LLC) · Ken Griffin (Citadel) · Terry Smith (Fundsmith LLP) · Ray Dalio (Bridgewater Associates) · Yacktman Asset Mgmt (Yacktman Asset Management LP)
Profitability and growth
- Return on invested capital
- 38.89%
- Return on assets
- 21.08%
- Return on capital employed
- 44.25%
- Gross margin
- 76.29%
- Net margin
- 38.36%
- EBITDA margin
- 55.42%
- Revenue growth
- 9.75%
- Net income growth
- 8.40%
- Free cash flow growth
- 5.54%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.43%
- Current ratio
- 0.82x
- Net debt to EBITDA
- 3.10x
Latest reported year
- Period end
- Dec 31, 2025
- Fiscal year
- 2025
- Revenue
- $3.13B
- Cost of revenue
- $743.25M
- Gross profit
- $2.39B
- EBITDA
- $1.74B
- Net income
- $1.20B
- Earnings per share
- $15.72
- Research and development
- $177.60M
- Interest expense
- $209.89M
- Shares outstanding
- 76.50M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $3.13B | $2.39B | $1.20B | $15.72 |
| 2024-12-31 | $2.86B | $2.16B | $1.11B | $14.09 |
| 2023-12-31 | $2.53B | $1.95B | $1.15B | $14.45 |
| 2022-12-31 | $2.25B | $1.73B | $870.57M | $10.78 |
| 2021-12-31 | $2.04B | $1.58B | $725.98M | $8.80 |
| 2020-12-31 | $1.70B | $1.32B | $601.82M | $7.19 |
| 2019-12-31 | $1.56B | $1.18B | $563.65M | $6.66 |
| 2018-12-31 | $1.43B | $1.06B | $507.88M | $5.83 |
| 2017-12-31 | $1.27B | $920.50M | $303.97M | $3.36 |
| 2016-12-31 | $1.15B | $817.21M | $260.86M | $2.72 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 76.29% | 38.36% | - | 38.89% |
| 2024-12-31 | 75.65% | 38.83% | - | 34.71% |
| 2023-12-31 | 76.99% | 45.42% | - | 29.94% |
| 2022-12-31 | 76.77% | 38.72% | - | 28.45% |
| 2021-12-31 | 77.09% | 35.53% | - | 22.55% |
| 2020-12-31 | 77.68% | 35.50% | - | 25.83% |
| 2019-12-31 | 75.97% | 36.18% | - | 22.51% |
| 2018-12-31 | 74.00% | 35.42% | - | 23.45% |
| 2017-12-31 | 72.24% | 23.86% | 75.80% | 16.81% |
| 2016-12-31 | 71.02% | 22.67% | 82.13% | 15.17% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $515.33M | $6.20B |
| 2024-12-31 | $409.35M | $4.51B |
| 2023-12-31 | $461.69M | $4.50B |
| 2022-12-31 | $993.56M | $4.50B |
| 2021-12-31 | $1.42B | $4.16B |
| 2020-12-31 | $1.30B | $3.37B |
| 2019-12-31 | $1.51B | $3.07B |
| 2018-12-31 | $904.18M | $2.58B |
| 2017-12-31 | $889.50M | $2.08B |
| 2016-12-31 | $791.83M | $2.08B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $1.55B | $111.34M |
| 2024-12-31 | $1.47B | $95.20M |
| 2023-12-31 | $1.21B | $71.65M |
| 2022-12-31 | $1.08B | $58.09M |
| 2021-12-31 | $922.56M | $54.92M |
| 2020-12-31 | $789.28M | $51.09M |
| 2019-12-31 | $680.41M | $41.20M |
| 2018-12-31 | $582.50M | $38.90M |
| 2017-12-31 | $370.98M | $36.58M |
| 2016-12-31 | $410.08M | $32.00M |
Dividend history
- Most recent payment
- Aug 14, 2026
- Paid in the last twelve months
- $7.95
| Payment date | Dividend per share |
|---|---|
| 2026-08-14 | $2.05 |
| 2026-05-15 | $2.05 |
| 2026-02-13 | $2.05 |
| 2025-11-14 | $1.80 |
| 2025-08-15 | $1.80 |
| 2025-05-16 | $1.80 |
| 2025-02-14 | $1.80 |
| 2024-11-15 | $1.60 |
Investor relations
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-10-20 | Sep 2026 | $4.98 |
| 2026-07-21 | Jun 2026 | $4.90 |
| 2026-04-21 | Mar 2026 | $4.40 |
| 2026-01-28 | Dec 2025 | $4.62 |
| 2025-10-28 | Sep 2025 | $4.37 |
| 2025-07-22 | Jun 2025 | $4.16 |
| 2025-04-22 | Mar 2025 | $3.87 |
| 2025-01-29 | Dec 2024 | $3.96 |
Filings and sources
- Company website
- msci.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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