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MSCI Inc. (MSCI)
NYSE: MSCI · Real-Time Price · USD
579.39
+8.36 (1.46%)
At close: Jul 28, 2026, 4:00 PM EDT
583.12
+3.73 (0.64%)
After-hours: Jul 28, 2026, 7:46 PM EDT

MSCI Inc. Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
342406284.67325.34303.7288.6305.52280.9266.76255.95403.38259.66246.83238.73214.97216.59210.59228.42193.87169.88
Depreciation & Amortization
57.554.655.653.1755.354.552.7454.0251.0248.548.2837.8737.1635.9136.2436.5735.1434.5535.3327.04
Stock-Based Compensation
25.447.725.5722.5723.24022.9718.519.434.3416.2818.1416.1421.0911.6612.0111.5622.8611.712.36
Other Adjustments
6.4-85.913.5530.5312.412-28.61.8251.92-8.3724.15-22.72-6.182.92-16.6177.25-7.08-10.63-5.73-108.5
Change in Receivables
-2.4102.1-243.5442.7-36.673.2-184.0168.9734.1691.11-207.667.1528.522.49-133.6756.91-0.2970.42-168.530.21
Changes in Accounts Payable
1.4-6.2-0.574.932.1-5.96.13-3.810.62.05-0.332.13-1.52-6.339.48-3.24-2.85-2.064.15-1.14
Changes in Accrued Expenses
77.2-161.883.3870.2446.7-118.133.8363.9147.54-129.2437.2452.1837.29-99.9514.9763.8229.42-119.9926.4868.15
Changes in Income Taxes Payable
-16.4-17.8-3.3111.92-12.832.82.1211.93-20.0222.153.37.88-15.6319.183.64-34.53-42.6624.2681.924.28
Changes in Unearned Revenue
-47.8-46.2258.69-82.56-32.8-46.9192.42-86.23-34.18-25.95215.54-67.01-10.9834.43139.73-64.25-13.6610.93174.8-45.26
Changes in Other Operating Activities
-72.514.315.33-29.36-25-28.526.0111.6-67.949.6-7.16-4.15-39.79-4.3235-38.06-8.18-14.58-14.3235.43
Operating Cash Flow
370.8306.8501.13449.42336.2301.7430.63421.61349.25300.14388.95291.13291.8264.14315.43323.07212.69244.18279.66215.89
Operating Cash Flow Growth (YoY)
10.29%1.69%16.37%6.59%-3.74%0.52%10.72%44.82%19.69%13.63%23.31%-9.89%37.20%8.17%12.79%49.64%-5.50%13.33%18.54%8.06%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-11-2.8-12.44-3.98-11.3-11.6-14.25-6.63-8.62-4.27-3.82-3.56-9.15-6.23-5.61-3.28-3.48-1.25-6.39-4.65
Purchases of Intangible Assets
-33.4-26-23.85-22.19-23.2-21.3-21.71-20.98-18.71-19.97-18.01-17.42-17.31-15.35-14.85-14.73-15.62-14.08-10.21-10.14
Cash Acquisitions
-17.1-41.7----00-19.65-7.82-727.340-------0.29-
Other Investing Activities
---0.160---0.78-0.46-0.15-0.28-0.80-0.2-0.19-6.460.01-0.010.03-26.430
Investing Cash Flow
-61.5-70.5-36.45-26.11-34.6-32.9-36.73-28.06-47.13-32.33-749.97-20.98-26.67-21.76-26.92-18-19.1-15.31-49.83-963.56

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Long-Term Debt Issued
200375874.091,71711510022000336.88----0035050700
Long-Term Debt Repaid
-225-175-175-711.98-149.9-65-195-250-339.06-2.19-2.19-2.19-2.19-2.1900-50-533.57
Net Long-Term Debt Issued (Repaid)
-25200699.091,005-34.93525-250-2.19-2.19-2.19-2.19-2.19-2.19035000166.44
Issuance of Common Stock
12.51.30.392.293.90.4--------------
Repurchase of Common Stock
-168.4-414.8-906.82-1,226-138.5-213.1-374.05-199.51-241.72-69.99-0.03-18.74-441.46-43.96-70.21-168.79-280.86-877.66-5.31-5.29
Net Common Stock Issued (Repurchased)
-155.9-413.5-906.43-1,224-134.6-212.7-374.05-199.51-241.72-69.99-0.03-18.74-441.46-43.96-70.21-168.79-280.86-877.66-5.31-5.29
Common Dividends Paid
-149.5-150.5-135.14-137.89-139.7-143.8-125.13-125.76-126.92-131.31-109.35-109.38-110.12-112.15-100.16-100.82-84.17-87.77-85.95-85.94
Other Financing Activities
-9-0.5-7.31-0.05-11.9-0.2-2.0100-3.74-----0-0.28-1.8-0.69-0.48-10.82
Financing Cash Flow
-339.4-364.5-349.79-369.4-321.1-321.7-476.18-350.27-368.64-207.22-111.57-130.31-553.76-158.29-172.55-269.89-16.82-966.12-91.7464.39

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
1.2-1.80.35-1.166.24.2-9.356.3-1.4-2.965.72-3.620.342.9610.5-10.37-13.78-4.89-1.3-4.06
Net Cash Flow
-28.9-130115.2452.74-13.3-48.7-91.6349.58-67.9157.62-466.86136.22-288.2887.04126.4524.81162.99-742.13136.79-687.34

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
359.8304488.69445.44324.9290.1416.39414.98340.63295.87385.14287.57282.65257.92309.82319.79209.21242.93273.27211.25
Free Cash Flow Growth (YoY)
10.74%4.79%17.36%7.34%-4.62%-1.95%8.11%44.31%20.51%14.71%24.31%-10.08%35.11%6.17%13.37%51.39%-6.29%13.10%20.78%8.20%
FCF Margin
41.50%35.73%59.41%56.14%42.05%38.90%56.00%57.26%48.12%43.51%55.81%45.98%45.50%43.55%53.77%57.04%37.91%43.38%49.70%40.85%
Free Cash Flow Per Share
4.944.146.545.824.193.735.315.274.303.724.843.623.543.203.853.952.572.953.272.53
Levered Free Cash Flow
305.4440.11,3801,355291199.9629.51300.69235.16176.6694.24282.81242.01209.24446.25173.62554.31160.28495.83420.16
Unlevered Free Cash Flow
387.93310.72736.09391.74364.08204.91639.7360.63268.6216.41612.69314.14275.37244.45483.3206.07236.98197.02523.3321.1
SEC Filings: 10-K · 10-Q