MSCI Inc. (MSCI)
NYSE: MSCI · Real-Time Price · USD
570.64
-0.12 (-0.02%)
Aug 31, 2026, 4:00 PM EDT - Market closed
MSCI Inc. Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Income | 1,358 | 1,202 | 1,109 | 1,149 | 870.57 | 725.98 |
Depreciation & Amortization | 134.4 | 139.7 | 145.28 | 117.09 | 114.79 | 95.78 |
Other Amortization | 93.45 | 84.75 | 66.14 | 47.18 | 32.84 | 27.26 |
Asset Writedown & Restructuring Costs | - | - | - | 0.48 | 0.71 | 24.4 |
Loss (Gain) From Sale of Investments | 11.77 | 11.77 | - | - | - | - |
Loss (Gain) on Equity Investments | - | - | - | -143.03 | - | - |
Stock-Based Compensation | 121.24 | 111.34 | 95.2 | 71.65 | 58.09 | 54.92 |
Other Operating Activities | -42.39 | 62.61 | 13.13 | -8.4 | 37.8 | -52.41 |
Change in Accounts Receivable | -101.14 | -164.24 | 10.23 | -149.53 | -6.62 | -99.2 |
Change in Accounts Payable | -0.44 | 0.56 | 4.96 | -6.04 | 1.34 | -2.2 |
Change in Unearned Revenue | 82.13 | 96.43 | 46.06 | 171.97 | 72.75 | 116.86 |
Change in Income Taxes | -61.34 | 7.76 | 26.9 | -7.21 | -80.98 | 49.17 |
Change in Other Net Operating Assets | 32.47 | 35.47 | -15.41 | -6.73 | -5.91 | -4.48 |
Operating Cash Flow | 1,628 | 1,588 | 1,502 | 1,236 | 1,095 | 936.07 |
Operating Cash Flow Growth | 9.26% | 5.78% | 21.49% | 12.84% | 17.02% | 15.41% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -30.22 | -39.32 | -33.76 | -22.76 | -13.62 | -20.02 |
Cash Acquisitions | -58.8 | - | -27.47 | -727.34 | - | -948.99 |
Sale (Purchase) of Intangibles | -105.44 | -90.54 | -81.36 | -68.09 | -59.28 | -39.29 |
Investment in Securities | - | - | - | - | -0.01 | -26.36 |
Other Investing Activities | -0.1 | -0.2 | -1.67 | -1.19 | -6.44 | -1.06 |
Investing Cash Flow | -194.56 | -130.06 | -144.26 | -819.38 | -79.34 | -1,036 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 2,806 | 556.88 | - | 355 | 1,804 |
Long-Term Debt Repaid | - | -1,102 | -559.06 | -8.75 | -7.19 | -1,052 |
Net Debt Issued (Repaid) | 1,879 | 1,704 | -2.19 | -8.75 | 347.81 | 751.94 |
Issuance of Common Stock | 16.48 | 6.98 | - | - | - | - |
Repurchase of Common Stock | -2,716 | -2,484 | -885.27 | -504.19 | -1,398 | -198.37 |
Common Dividends Paid | -573.02 | -556.52 | -509.11 | -440.99 | -372.92 | -302.45 |
Other Financing Activities | -29.63 | -32.23 | -5.75 | - | -2.77 | -21.61 |
Financing Cash Flow | -1,423 | -1,362 | -1,402 | -953.93 | -1,425 | 229.51 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -1.41 | 9.59 | -7.41 | 5.41 | -18.54 | -8.93 |
Net Cash Flow | 9.08 | 105.98 | -52.34 | -531.87 | -427.89 | 120.93 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 1,598 | 1,549 | 1,468 | 1,213 | 1,082 | 916.05 |
Free Cash Flow Growth | 10.48% | 5.54% | 20.98% | 12.16% | 18.09% | 16.06% |
Free Cash Flow Margin | 47.93% | 49.42% | 51.39% | 47.98% | 48.11% | 44.83% |
Free Cash Flow Per Share | 21.50 | 20.21 | 18.59 | 15.20 | 13.32 | 10.97 |
Levered Free Cash Flow | 1,195 | 1,165 | 1,133 | 953.22 | 740.33 | 843.28 |
Unlevered Free Cash Flow | 1,349 | 1,290 | 1,244 | 1,065 | 842.43 | 938.12 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 220.71 | 173.31 | 179.95 | 182.31 | 165.12 | 151.34 |
Cash Income Tax Paid | 313.47 | 222.27 | 201.03 | 240.48 | 180.69 | 222.62 |
Change in Working Capital | -48.32 | -24.02 | 72.74 | 2.46 | -19.43 | 60.15 |