MSCI Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,239	3,134	2,856	2,529	2,249	2,044
Revenue Growth (YoY)	10.87%	9.74%	12.94%	12.47%	10.04%	20.54%
Cost of Revenue	555.38	550.37	514.38	446.58	404.34	358.68
Gross Profit	2,684	2,584	2,342	2,082	1,844	1,685
Selling, General & Admin	518.94	500.05	473.56	430.17	411.44	391.08
Depreciation & Amortization Expenses	192.07	192.89	181.02	135.44	117.97	109.49
Research & Development	179.61	177.6	158.65	132.12	107.21	111.56
Total Operating Expenses	890.61	870.53	813.23	697.73	636.62	612.14
Operating Income	1,793	1,714	1,529	1,385	1,208	1,073
Interest Income	14.94	16.01	21.28	177.51	11.77	1.5
Interest Expense	-232.5	-209.89	-185.5	-186.68	-171.57	-159.61
Other Non-Operating Income (Expense)	-23.5	-25.43	-8.13	-6.38	-4	-56.47
Total Non-Operating Income (Expense)	-241.06	-219.31	-172.35	-15.55	-163.8	-214.59
Pretax Income	1,552	1,494	1,356	1,369	1,044	858.14
Provision for Income Taxes	232.68	291.95	247.04	220.47	173.27	132.15
Net Income	1,320	1,202	1,109	1,149	870.57	725.98
Net Income to Common	1,320	1,202	1,109	1,149	870.57	725.98
Net Income Growth	15.58%	8.40%	-3.44%	31.94%	19.92%	20.63%
Shares Outstanding (Basic)	75	77	79	79	81	83
Shares Outstanding (Diluted)	76	77	79	80	81	83
Shares Change (YoY)	-3.81%	-2.94%	-1.11%	-1.69%	-2.71%	-1.23%
EPS (Basic)	17.54	15.72	14.09	14.45	10.78	8.80
EPS (Diluted)	17.51	15.69	14.05	14.39	10.72	8.70
EPS Growth	20.34%	11.67%	-2.36%	34.23%	23.22%	22.19%
Shares Outstanding	72.9	73.56	77.75	79.09	79.96	82.44
Free Cash Flow	1,563	1,549	1,468	1,213	1,082	922.56
Free Cash Flow Growth	0.90%	5.54%	20.98%	12.16%	17.26%	16.89%
Free Cash Flow Per Share	20.69	20.21	18.59	15.20	13.32	11.05
Dividends Per Share	7.450	7.200	6.400	5.520	4.580	3.640
Dividend Growth	3.47%	12.50%	15.94%	20.52%	25.82%	24.66%
Gross Margin	82.86%	82.44%	81.99%	82.34%	82.02%	82.45%
Operating Margin	55.36%	54.67%	53.52%	54.75%	53.71%	52.49%
Profit Margin	40.74%	38.36%	38.83%	45.42%	38.72%	35.53%
FCF Margin	48.25%	49.42%	51.39%	47.98%	48.11%	45.15%
EBITDA	2,012	1,932	1,735	1,544	1,350	1,207
EBITDA Margin	62.11%	61.64%	60.74%	61.05%	60.04%	59.06%
EBIT	1,793	1,714	1,529	1,385	1,208	1,073
EBIT Margin	55.36%	54.67%	53.52%	54.75%	53.71%	52.49%
Effective Tax Rate	14.99%	19.54%	18.22%	16.10%	16.60%	15.40%

Updated Apr 21, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q