MSCI Inc.

MSCI · Large cap · 0 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$3.1B	$2.9B	$2.5B	$2.2B	$2.0B
Research and development	$177.6M	$158.7M	$132.1M	$107.2M	$111.6M
Operating income	$1.7B	$1.5B	$1.4B	$1.2B	$1.1B
Interest expense	$209.9M	$185.5M	$186.7M	$171.6M	$159.6M
Pretax income	$1.5B	$1.4B	$1.4B	$1.0B	$858.1M
Income tax expense	$292.0M	$247.0M	$220.5M	$173.3M	$132.2M
Net income	$1.2B	$1.1B	$1.1B	$870.6M	$726.0M
Balance Sheet
Cash and equivalents	$515.3M	$409.4M	$461.7M	$993.6M	$1.4B
Current assets	$1.6B	$1.3B	$1.4B	$1.7B	$2.1B
Total assets	$5.7B	$5.4B	$5.5B	$5.0B	$5.5B
Current liabilities	$1.8B	$1.6B	$1.5B	$1.3B	$1.3B
Total liabilities	$8.4B	$6.4B	$6.3B	$6.0B	$5.7B
Total debt	$6.2B	$4.5B	$4.5B	$4.5B	—
Stockholders' equity	-$2.7B	-$940.0M	-$739.8M	-$1.0B	-$163.5M
Cash Flow Statement
Cash from operations	$1.6B	$1.5B	$1.2B	$1.1B	$936.1M
Depreciation and amortization	$23.4M	$17.0M	$21.0M	$26.9M	$28.9M
Stock-based compensation	$111.3M	$95.2M	$71.7M	$58.1M	$54.9M
Capital expenditure	$39.3M	$33.8M	$22.8M	$13.6M	$13.5M
Free cash flow	$1.5B	$1.5B	$1.2B	$1.1B	$922.6M
Dividends paid	$556.5M	$509.1M	$441.0M	$372.9M	$302.4M
Share repurchases	$2.5B	$885.3M	$504.2M	$1.4B	$198.4M
Impairments	$0	$0	$0	$0	$0

Shares outstanding 72.8M · Free float 48.6%

Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.