MSCI INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 6,202 | 174.8 |
| Stockholders' equity | (2,655) | -74.8 |
| Total capitalization | 3,548 | 100.0 |
72,700,000 shares outstanding at 14 July 2026 (cover page of the 10-Q filed 21 July 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 6,202 |
| Long-term debt, noncurrent | 6,202 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 750,000,000 |
| Common shares issued | 134,319,833 |
| Treasury shares | 60,756,650 |
| Par or stated value per share ($) | 0.01 |
| Preferred stock ($ millions) | 0 |
| Outstanding at 7/14/26 | 72,700,000 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 7.20 | 45.9 |
| 2024 | 6.40 | 45.6 |
| 2023 | 5.52 | 38.4 |
| 2022 | 4.58 | 42.7 |
| 2021 | 3.64 | 41.8 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Delaware.
BUSINESS: Classified by the SEC under Standard Industrial Classification 7389, Services-Business Services, NEC. Large accelerated filer. Principal executive office: 7 World Trade Center, 250 Greenwich Street 49Th Floor, New York, NY 10007. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Revenues | 3,134 | 2,856 | 2,529 |
| Research and development | 178 | 159 | 132 |
| Depreciation and amortization | 23 | 17 | 21 |
| Operating income | 1,714 | 1,529 | 1,385 |
| Interest expense | 210 | 186 | 187 |
| Income before income taxes | 1,494 | 1,356 | 1,369 |
| Income taxes | 292 | 247 | 220 |
| Net income | 1,202 | 1,109 | 1,149 |
| Earned per share, diluted ($) | 15.69 | 14.05 | 14.39 |
| Dividends per share ($) | 7.20 | 6.40 | 5.52 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Cash and equivalents | 515 | 409 |
| Total current assets | 1,645 | 1,344 |
| Property, plant and equipment, net | 87 | 71 |
| Goodwill | 2,923 | 2,915 |
| Total assets | 5,702 | 5,445 |
| Total current liabilities | 1,830 | 1,586 |
| Long-term debt | 6,202 | 4,511 |
| Total liabilities | 8,357 | 6,385 |
| Stockholders' equity | (2,655) | (940) |
| Total liabilities and equity | 5,702 | 5,445 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 3,134 | 1,714 | 1,202 | 38.4 | 15.69 | 7.20 | 1,588 | 39 | 1,549 | 5,702 | 8,357 | 6,202 | (2,655) | -45.3 | -2.34 |
| 12/31/24 | 2,856 | 1,529 | 1,109 | 38.8 | 14.05 | 6.40 | 1,502 | 34 | 1,468 | 5,445 | 6,385 | 4,511 | (940) | -118.0 | -4.80 |
| 12/31/23 | 2,529 | 1,385 | 1,149 | 45.4 | 14.39 | 5.52 | 1,236 | 23 | 1,213 | 5,518 | 6,258 | 4,508 | (740) | -155.3 | -6.09 |
| 12/31/22 | 2,249 | 1,208 | 871 | 38.7 | 10.72 | 4.58 | 1,095 | 14 | 1,082 | 4,998 | 6,005 | 4,512 | (1,008) | -86.4 | -4.48 |
| 12/31/21 | 2,044 | 1,073 | 726 | 35.5 | 8.70 | 3.64 | 936 | 14 | 923 | 5,507 | 5,670 | 4,161 | (163) | -444.1 | -25.46 |
| 12/31/20 | 1,695 | 885 | 602 | 35.5 | 7.12 | 2.92 | 811 | 22 | 789 | 4,199 | 4,642 | 3,367 | (443) | -135.8 | -7.60 |
| 12/31/19 | 1,558 | 756 | 564 | 36.2 | 6.59 | 2.52 | 710 | 29 | 680 | 4,204 | 4,281 | 3,072 | (77) | -734.7 | -40.04 |
| 12/31/18 | 1,434 | 687 | 508 | 35.4 | 5.66 | 1.92 | 613 | 30 | 583 | 3,388 | 3,554 | 2,576 | (166) | -305.0 | -15.47 |
| 12/31/17 | 1,274 | 580 | 304 | 23.9 | 3.31 | 1.32 | 404 | 33 | 371 | 3,276 | 2,875 | 2,078 | 401 | 75.8 | 5.18 |
| 12/31/16 | 1,151 | 488 | 261 | 22.7 | 2.70 | 1.00 | 442 | 32 | 410 | 3,083 | 2,765 | 2,075 | 318 | 82.1 | 6.53 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
MSCI Inc.
CIK 1408198 · EIN 13-4038723
PRINCIPAL OFFICE:
7 World Trade Center, 250 Greenwich Street 49Th Floor, New York, NY 10007
Tel.: 212-804-3990
INCORPORATED:
Delaware
INDUSTRY (SEC SIC CODE):
7389 · Services-Business Services, NEC
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 6 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/6/26) · 10-K FY2024 (filed 2/7/25) · 10-K FY2023 (filed 2/9/24) · 10-K FY2022 (filed 2/10/23) · 10-K FY2021 (filed 2/11/22) · 10-K FY2020 (filed 2/12/21) · 10-K FY2019 (filed 2/18/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.