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MSCI logoMSCI Inc.(MSCI)Earnings, Financials & Key Ratios

MSCI•NYSE•Banking & Credit
37.4× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryFinancial Data & ExchangesSub-IndustryIndexes, Benchmarks and Ratings
AboutMSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, 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, and service that provides an integrated view of risk and return, and an analysis of market, credit, liquidity, and counterparty risk across asset classes; managed services, including consolidation of client portfolio data from various sources, 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 ESG and Climate segment provides products and services that help institutional investors understand how ESG factors impact the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to help investors navigate increasing regulation. The All Other Private Assets segment includes real estate market and transaction data, benchmarks, return-analytics, climate assessments and market insights for funds, investors, and managers; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. It serves asset owners and managers, financial intermediaries, wealth managers, real estate professionals, and corporates. MSCI Inc. was incorporated in 1998 and is headquartered in New York, New York.Show more
  • Net Interest Income-$194M-18.1%
  • Total Revenue$3.13B+9.7%
  • Net Income$1.2B+8.4%
  • Net Interest Margin-3.4%-12.7%
  • Efficiency Ratio27.77%-2.5%
  • ROA21.57%+6.6%
  • Equity / Assets-46.55%-169.7%
  • Book Value per Share-34.35-188.5%

MSCI Key Insights

MSCI Inc. (MSCI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 8/9
  • ✓Efficient operations: 27.8% efficiency ratio
  • ✓12 consecutive years of dividend growth
  • ✓Share count reduced 2.1% through buybacks
  • ✓Diversified revenue: 99.5% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -3.4%
  • ✗Thin capital base

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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MSCI Price & Volume

MSCI Inc. (MSCI) stock price & volume — 10-year historical chart

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MSCI Growth Metrics

MSCI Inc. (MSCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.29%
5 Years13.08%
3 Years11.71%
TTM-

Profit CAGR

10 Years18.32%
5 Years14.84%
3 Years11.36%
TTM15.58%

EPS CAGR

10 Years22.59%
5 Years16.92%
3 Years13.22%
TTM19.38%

Return on Capital

10 Years29.82%
5 Years35.6%
3 Years39.65%
Last Year44.32%

MSCI Recent Earnings

MSCI Inc. (MSCI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 21, 2026
Metric
Actual
Est
EPS
$4.55+2.5%
$4.44
Rev
$851M+1.5%
$838M
Q1 2026
Jan 28, 2026
Metric
Actual
Est
EPS
$4.66+1.3%
$4.60
Rev
$823M+0.0%
$822M
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$4.47+2.1%
$4.38
Rev
$793M-0.5%
$797M
Q3 2025
Jul 22, 2025
Metric
Actual
Est
EPS
$4.17+0.5%
$4.15
Rev
$773M+0.3%
$770M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 21, 2026
$4.55vs $4.44+2.5%
$851Mvs $838M+1.5%
Q1 2026Jan 28, 2026
$4.66vs $4.60+1.3%
$823Mvs $822M+0.0%
Q4 2025Oct 28, 2025
$4.47vs $4.38+2.1%
$793Mvs $797M-0.5%
Q3 2025Jul 22, 2025
$4.17vs $4.15+0.5%
$773Mvs $770M+0.3%
Based on last 12 quarters of dataView full earnings history →

MSCI Peer Comparison

MSCI Inc. (MSCI) competitors in Indexes, Benchmarks and Ratings — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SPGI logoSPGIS&P Global Inc.Direct Competitor121.63B410.9228.037.94%30.37%12.92%0.39
ICE logoICEIntercontinental Exchange, Inc.Direct Competitor75.83B133.8823.207.46%26.14%11.57%0.70
MCO logoMCOMoody's CorporationDirect Competitor79.9B450.6732.978.89%31.69%64.11%1.75
FTNT logoFTNTFortinet, Inc.Direct Competitor107.09B144.7359.5614.17%27.49%155.65%0.81
FDS logoFDSFactSet Research Systems Inc.Direct Competitor8.2B221.2914.235.39%24.48%27.22%0.71
NDAQ logoNDAQNasdaq, Inc.Product Competitor46.75B82.2426.6111.05%23.15%15.9%0.81
LSE logoLSELeishen Energy Holding Co., Ltd.Product Competitor67.67M4.018.35-5.49%10.65%34.64%0.05
VRSK logoVRSKVerisk Analytics, Inc.Product Competitor22.77B173.8026.786.63%29.34%437.95%16.26

Compare MSCI vs Peers

MSCI Inc. (MSCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SPGI

Most directly comparable listed peer for MSCI.

Scale Benchmark

vs WFC

Larger-name benchmark to compare MSCI against a more recognizable public peer.

Peer Set

Compare Top 5

vs SPGI, ICE, MCO, FTNT

MSCI Income Statement

MSCI Inc. (MSCI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
-109.78M-113.44M-131.64M-151.29M-158.12M-159.8M-152.2M-164.22M-193.88M-217.56M
NII Growth %
-11.18%-3.33%-16.04%-14.93%-4.51%-1.07%4.76%-7.9%-18.06%-122.3%
Net Interest Margin %
-3.35%-3.35%-3.13%-3.6%-2.87%-3.2%-2.76%-3.02%-3.4%-3.92%
Interest Income
6.31M19.67M16.4M5.03M1.5M11.77M34.48M21.28M16.01M14.94M
Interest Expense
116.1M133.11M148.04M156.32M159.61M171.57M186.68M185.5M209.89M232.5M
Loan Loss Provision
157.81M154.22M146.92M135.38M199.07M232.77M259.9M328.88M340.48M322.88M
Non-Interest Income
1.27B1.41B1.54B1.69B2.04B2.24B2.49B2.83B3.12B3.22B
Non-Interest Income %
99.5%98.63%98.95%99.7%99.93%99.48%98.64%99.26%99.49%99.54%
Total Revenue
1.27B▲ 0%
1.43B▲ 12.5%
1.56B▲ 8.6%
1.7B▲ 8.8%
2.04B▲ 20.5%
2.25B▲ 10.0%
2.53B▲ 12.5%
2.86B▲ 12.9%
3.13B▲ 9.7%
3.24B▲ 0%
Revenue Growth %
10.73%12.54%8.63%8.83%20.54%10.03%12.47%12.94%9.74%43.33%
Non-Interest Expense
421.07M459.75M507.13M518.92M612.13M636.62M697.73M813.23M870.53M890.61M
Efficiency Ratio
33.05%32.06%32.55%30.61%29.95%28.31%27.59%28.47%27.77%27.49%
Operating Income
579.77M▲ 0%
686.9M▲ 18.5%
755.7M▲ 10.0%
884.76M▲ 17.1%
1.07B▲ 21.2%
1.21B▲ 12.6%
1.38B▲ 14.7%
1.53B▲ 10.4%
1.71B▲ 12.1%
1.79B▲ 0%
Operating Margin %
45.5%47.9%48.51%52.19%52.49%53.71%54.75%53.52%54.67%55.36%
Operating Income Growth %
18.78%18.48%10.02%17.08%21.24%12.58%14.65%10.39%12.11%-
Pretax Income
466.9M▲ 0%
629.9M▲ 34.9%
603.32M▼ 4.2%
686.23M▲ 13.7%
858.14M▲ 25.1%
1.04B▲ 21.6%
1.37B▲ 31.2%
1.36B▼ 0.9%
1.49B▲ 10.2%
1.55B▲ 0%
Pretax Margin %
36.64%43.93%38.73%40.48%41.99%46.42%54.14%47.48%47.67%47.92%
Income Tax
162.93M122.01M39.67M84.4M132.15M173.27M220.47M247.04M291.95M232.68M
Effective Tax Rate %
34.9%19.37%6.58%12.3%15.4%16.6%16.1%18.22%19.54%14.99%
Net Income
303.97M▲ 0%
507.88M▲ 67.1%
563.65M▲ 11.0%
601.82M▲ 6.8%
725.98M▲ 20.6%
870.57M▲ 19.9%
1.15B▲ 31.9%
1.11B▼ 3.4%
1.2B▲ 8.4%
1.32B▲ 0%
Net Margin %
23.86%35.42%36.18%35.5%35.53%38.72%45.42%38.83%38.36%40.74%
Net Income Growth %
16.53%67.08%10.98%6.77%20.63%19.92%31.94%-3.44%8.4%15.58%
Net Income (Continuing)
303.97M507.88M563.65M601.82M725.98M870.57M1.15B1.11B1.2B1.32B
EPS (Diluted)
3.31▲ 0%
5.66▲ 71.0%
6.59▲ 16.4%
7.12▲ 8.0%
8.70▲ 22.2%
10.72▲ 23.2%
14.39▲ 34.2%
14.05▼ 2.4%
15.56▲ 10.7%
17.98▲ 0%
EPS Growth %
22.59%71%16.43%8.04%22.19%23.22%34.24%-2.36%10.75%19.38%
EPS (Basic)
3.365.836.667.198.8010.7814.4514.0915.58-
Diluted Shares Outstanding
91.91M89.7M85.54M84.52M83.48M81.22M79.84M78.96M77.29M73.4M

MSCI Balance Sheet

MSCI Inc. (MSCI) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
889.5M904.18M1.51B1.3B1.42B993.2M457.81M405.85M515.33M1.64B
Cash & Due from Banks
889.5M904.18M1.51B1.3B1.42B993.2M457.81M405.85M515.33M385.3M
Short Term Investments
0000000000
Total Investments
000190.9M218.76M214.39M0000
Investments Growth %
----14.6%-2%-100%--0%
Long-Term Investments
000190.9M218.76M214.39M0000
Accounts Receivables
327.6M473.43M499.27M558.57M664.51M663.24M839.55M820.71M986.71M883.2M
Goodwill & Intangibles
1.88B1.83B1.82B1.8B2.83B2.79B3.84B3.82B3.76B3.81B
Goodwill
1.56B1.55B1.56B1.57B2.24B2.23B2.89B2.92B2.92B2.96B
Intangible Assets
321.84M280.8M261.49M234.75M593.34M558.52M956.23M907.61M832.51M851M
PP&E (Net)
94.44M90.88M257.11M233.78M211.3M180.44M171.16M190.32M200.17M234.1M
Other Assets
19.63M20.52M20.28M23.98M63.38M37.34M43.9M47.69M55.77M103.8M
Total Current Assets
1.27B1.44B2.08B1.93B2.14B1.75B1.42B1.34B1.64B1.39B
Total Non-Current Assets
2.01B1.95B2.12B2.27B3.36B3.25B4.1B4.1B4.06B4.15B
Total Assets
3.28B▲ 0%
3.39B▲ 3.4%
4.2B▲ 24.1%
4.2B▼ 0.1%
5.51B▲ 31.2%
5B▼ 9.2%
5.52B▲ 10.4%
5.45B▼ 1.3%
5.7B▲ 4.7%
5.55B▲ 0%
Asset Growth %
6.26%3.43%24.1%-0.14%31.15%-9.25%10.42%-1.32%4.72%6.59%
Return on Assets (ROA)
9.56%15.24%14.85%14.32%14.96%16.58%21.85%20.23%21.57%23.98%
Accounts Payable
1.61M3.89M6.5M14.25M13.45M15.04M9.81M14.52M15.34M10.3M
Total Debt
2.08B2.58B3.24B3.52B4.33B4.64B4.63B4.66B6.31B6.55B
Net Debt
1.19B1.67B1.73B2.22B2.91B3.65B4.17B4.25B5.79B6.16B
Long-Term Debt
2.08B2.58B3.07B3.37B4.16B4.5B4.5B4.51B6.2B6.4B
Short-Term Debt
00022.69M23.32M8.71M10.9M24.85M025.1M
Other Liabilities
110.86M87.93M77.66M88.22M104.13M91.03M68.17M120.19M115.83M100.9M
Total Current Liabilities
607.67M809.01M900.79M1.02B1.25B1.25B1.52B1.59B1.83B1.61B
Total Non-Current Liabilities
2.27B2.75B3.38B3.62B4.42B4.75B4.74B4.8B6.53B6.71B
Total Liabilities
2.87B3.55B4.28B4.64B5.67B6.01B6.26B6.39B8.36B8.32B
Total Equity
401.01M▲ 0%
-166.49M▼ 141.5%
-76.71M▲ 53.9%
-443.23M▼ 477.8%
-163.47M▲ 63.1%
-1.01B▼ 516.6%
-739.76M▲ 26.6%
-940M▼ 27.1%
-2.65B▼ 182.4%
-2.77B▲ 0%
Equity Growth %
26.26%-141.52%53.92%-477.77%63.12%-516.59%26.61%-27.07%-182.4%-547.58%
Equity / Assets (Capital Ratio)
12.24%-4.91%-1.82%-10.56%-2.97%-20.17%-13.41%-17.26%-46.55%-50.03%
Return on Equity (ROE)
84.6%433.13%--------64.13%
Book Value per Share
4.36-1.86-0.90-5.24-1.96-12.41-9.27-11.90-34.35-37.79
Tangible BV per Share
-16.12-22.22-22.23-26.55-35.86-46.74-57.41-60.32-82.94-89.75
Common Stock
1.29M1.3M1.32M1.33M1.33M1.34M1.34M1.34M1.34M1.3M
Additional Paid-in Capital
1.26B1.31B1.35B1.4B1.46B1.52B1.59B1.68B1.8B1.85B
Retained Earnings
1.51B1.86B2.2B2.55B2.98B3.47B4.18B4.78B5.43B5.68B
Accumulated OCI
-48.35M-58.4M-62.58M-58.86M-58.8M-60.21M-61.35M-71.04M-51.57M-59M
Treasury Stock
-2.32B-3.27B-3.57B-4.34B-4.54B-5.94B-6.45B-7.33B-9.83B-10.25B
Preferred Stock
347K399K00000000

MSCI Cash Flow Statement

MSCI Inc. (MSCI) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
404.16M612.76M709.52M811.11M936.07M1.1B1.24B1.5B1.59B1.59B
Operating CF Growth %
-7.03%51.61%15.79%14.32%15.41%17.02%12.84%21.49%5.78%20.9%
Net Income
303.97M507.88M563.65M601.82M725.98M870.57M1.15B1.11B1.2B1.32B
Depreciation & Amortization
79.99M85.53M79.41M110.8M134.13M142.5M159.22M206.28M218.57M212.82M
Deferred Taxes
-18.9M-780K-20.77M-55.65M-111.37M36.44M-15.26M14.33M46.67M41.52M
Other Non-Cash Items
4.1M-57.88M44.45M51.12M72.27M7.2M-130.63M3.95M33.58M-53.4M
Working Capital Changes
-1.57M39.1M1.58M51.92M60.15M-19.43M2.46M72.74M-24.02M-46.18M
Cash from Investing
-48.05M34.87M-71.94M-241.79M-1.04B-79.33M-819.38M-144.25M-130.06M-167.66M
Purchase of Investments
000-190.82M-26.36M-5K0000
Sale/Maturity of Investments
771K00410.78M26.36M5K0000
Net Investment Activity
771K00219.97M000000
Acquisitions
083.83M-18.18M-190.82M-975.35M-5K-727.34M-27.47M0-41.7M
Other Investing
010K10K-219.97M-7.57M-6.43M-1.19M-1.67M-90.75M-69.34M
Cash from Financing
-267.54M-626.48M-36.67M-779.04M229.5M-1.43B-953.93M-1.4B-1.36B-1.4B
Dividends Paid
-119.72M-170.94M-222.92M-246.44M-302.45M-372.92M-440.99M-509.11M-556.52M-563.24M
Share Repurchases
-150.46M-949.89M-292.07M-778.52M-198.37M-1.4B-504.19M-885.27M-2.48B-2.69B
Stock Issued
000000006.97M3.97M
Net Stock Activity
-150.46M-949.89M-292.07M-778.52M-198.37M-1.4B-504.19M-885.27M-2.48B-2.68B
Debt Issuance (Net)
01000K1000K1000K1000K1000K-1000K-1000K1000K2M
Other Financing
2.63M-5.66M-8.54M-16.69M-21.61M-2.77M0-5.75M-25.25M-40.96M
Net Change in Cash
97.67M▲ 0%
14.67M▼ 85.0%
602.39M▲ 4005.2%
-206.05M▼ 134.2%
120.93M▲ 158.7%
-427.88M▼ 453.8%
-531.87M▼ 24.3%
-52.34M▲ 90.2%
105.98M▲ 302.5%
24.66M▲ 0%
Exchange Rate Effect
9.1M-6.48M1.47M3.67M-8.93M-18.54M5.41M-7.41M9.59M3.58M
Cash at Beginning
791.83M889.5M904.18M1.51B1.3B1.42B993.56M461.69M409.35M515.3M
Cash at End
889.5M904.18M1.51B1.3B1.42B993.56M461.69M409.35M515.33M385.3M
Interest Paid
112.5M125.99M141.48M163.39M151.34M165.12M182.31M179.95M173.31M139.66M
Income Taxes Paid
128.73M143.22M72.94M113.65M222.62M180.69M240.48M201.03M222.27M211.02M
Free Cash Flow
355.34M▲ 0%
563.8M▲ 58.7%
655.75M▲ 16.3%
760.13M▲ 15.9%
883.27M▲ 16.2%
1.02B▲ 15.8%
1.15B▲ 12.0%
1.47B▲ 28.2%
1.55B▲ 5.5%
1.54B▲ 0%
FCF Growth %
-9.38%58.66%16.31%15.92%16.2%15.76%12%28.18%5.54%6.47%

MSCI Banking Ratios

MSCI Inc. (MSCI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
84.6%433.13%--------64.13%
Return on Assets (ROA)
9.56%15.24%14.85%14.32%14.96%16.58%21.85%20.23%21.57%23.98%
Net Interest Margin
-3.35%-3.35%-3.13%-3.6%-2.87%-3.2%-2.76%-3.02%-3.4%-3.92%
Efficiency Ratio
33.05%32.06%32.55%30.61%29.95%28.31%27.59%28.47%27.77%27.49%
Equity / Assets
12.24%-4.91%-1.82%-10.56%-2.97%-20.17%-13.41%-17.26%-46.55%-50.03%
Book Value / Share
4.36-1.86-0.9-5.24-1.96-12.41-9.27-11.9-34.35-37.79
NII Growth
-11.18%-3.33%-16.04%-14.93%-4.51%-1.07%4.76%-7.9%-18.06%-30.89%
Dividend Payout
39.38%33.66%39.55%40.95%41.66%42.84%38.39%45.9%46.29%42.68%
Related:MSCI Dividend History·MSCI Revenue History·MSCI Price History·MSCI P/E History·MSCI Financial Ratios·MSCI Institutional Holders

MSCI SEC Filings & Documents

MSCI Inc. (MSCI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 6, 2026·SEC

FY 2025

Feb 7, 2025·SEC

FY 2024

Feb 9, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 21, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Apr 22, 2025·SEC

MSCI Frequently Asked Questions

MSCI Inc. (MSCI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

MSCI Inc. (MSCI) grew revenue by 9.7% over the past year. This is steady growth.

Yes, MSCI Inc. (MSCI) is profitable, generating $1.32B in net income for fiscal year 2025 (38.4% net margin).

Dividend & Returns

Yes, MSCI Inc. (MSCI) pays a dividend with a yield of 1.24%. This makes it attractive for income-focused investors.

Industry Metrics

MSCI Inc. (MSCI) has a net interest margin (NIM) of -3.4%. NIM has been under pressure due to interest rate environment.

MSCI Inc. (MSCI) has an efficiency ratio of 27.8%. This is excellent, indicating strong cost control.

What if you invested $1,000 in MSCI back in 2005?

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How much would $100/month in MSCI be worth today?

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