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MSCI Inc. (MSCI)
NYSE: MSCI · Real-Time Price · USD
641.01
-14.90 (-2.27%)
Nov 6, 2026, 4:00 PM EST - Market closed

MSCI Inc. Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Net Income
351342406284.67325.3303.7288.6305.52280.9266.76255.95403.38259.66246.83238.73214.97216.59210.59228.42193.87
Depreciation & Amortization
35.234.632.334.53335.836.435.8338.1436.1435.1636.2726.926.8527.0728.242928.8228.7230.2
Other Amortization
26.124.824.122.8521.720.819.418.1917.1616.1714.6213.2812.2411.5710.19.268.837.537.236.39
Asset Writedown & Restructuring Costs
-----------0.48-----0.71-8.39
Loss (Gain) From Sale of Investments
---11.77----------------
Loss (Gain) on Equity Investments
------------143.03--------
Stock-Based Compensation
27.525.447.725.5722.623.24022.9718.519.434.3416.2818.1416.1421.0911.6612.0111.5622.8611.7
Other Operating Activities
0.74.5-87.711.812911.110.7-28.380.5350.63-9.6521.38-23.99-7.441.65-17.8775.99-8.29-12.03-15.38
Change in Accounts Receivable
27.1-2.4102.1-243.5442.7-36.673.2-184.0168.9734.1691.11-207.667.1528.522.49-133.6756.91-0.2970.42-168.53
Change in Accounts Payable
-4.71.4-6.2-0.574.92.1-5.96.13-3.810.62.05-0.332.13-1.52-6.339.48-3.24-2.85-2.064.15
Change in Unearned Revenue
-106.4-47.8-46.2258.69-82.6-32.8-46.9192.42-86.23-34.18-25.95215.54-67.01-10.9834.43139.73-64.25-13.6610.93174.8
Change in Income Taxes
32.2-76.77.722.96-15.3-28.528.630.7233.64-74.4937.03-0.9822.95-51.7622.5849.87-101.75-46.1817.0933.02
Change in Other Net Operating Assets
47.465-17372.4368.137.4-142.431.2453.834.07-134.5234.3532.9633.63-107.663.7592.9824.75-127.391.06
Operating Cash Flow
436.1370.8306.8501.13449.4336.2301.7430.63421.61349.25300.14388.95291.13291.8264.14315.43323.07212.69244.18279.66
Operating Cash Flow Growth (YoY)
-2.96%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%

Investing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Capital Expenditures
-13.4-11-2.8-12.44-4-11.3-11.6-14.25-6.63-8.62-4.27-3.82-3.56-9.15-6.23-5.61-3.28-3.48-1.25-12.9
Cash Acquisitions
-115.9-17.1-41.7-------19.65-7.82-727.34--------0.29
Sale (Purchase) of Intangibles
-37.3-33.4-26-23.85-22.2-23.2-21.3-21.71-20.98-18.71-19.97-18.01-17.42-17.31-15.35-14.85-14.73-15.62-14.08-10.21
Investment in Securities
----------------0.01----26.28
Other Investing Activities
----0.160.1-0.1--0.78-0.46-0.15-0.28-0.8--0.2-0.19-6.460-0.010.03-0.15
Investing Cash Flow
-166.6-61.5-70.5-36.45-26.1-34.6-32.9-36.73-28.06-47.13-32.33-749.97-20.98-26.67-21.76-26.92-18-19.1-15.31-49.83

Financing Activities

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Long-Term Debt Issued
--375---100---336.88-------5-
Total Debt Issued
675200375874.091,717115100220--336.88------3505-
Long-Term Debt Repaid
---175----65----339.06----2.19----5-
Total Debt Repaid
-340-225-175-175-712-149.9-65-195-25--339.06-2.19-2.19-2.19-2.19-2.19---5-
Net Debt Issued (Repaid)
335-25200699.091,005-34.93525-25--2.19-2.19-2.19-2.19-2.19-2.19-350--
Issuance of Common Stock
212.51.30.392.33.90.4-------------
Repurchase of Common Stock
-552.6-168.4-414.8-906.82-1,226-138.5-213.1-374.05-199.51-241.72-69.99-0.03-18.74-441.46-43.96-70.21-168.79-280.86-877.66-5.31
Common Dividends Paid
-147.8-149.5-150.5-135.14-137.9-139.7-143.8-125.13-125.76-126.92-131.31-109.35-109.38-110.12-112.15-100.16-100.82-84.17-87.77-85.95
Other Financing Activities
-1.4-9-0.5-7.31-12.8-11.9-0.2-2.01---3.74-----0-0.28-1.8-0.69-0.48
Financing Cash Flow
-364.8-339.4-364.5-349.79-369.4-321.1-321.7-476.18-350.27-368.64-207.22-111.57-130.31-553.76-158.29-172.55-269.89-16.82-966.12-91.74

Net Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Foreign Exchange Rate Adjustments
-0.11.2-1.80.35-1.26.24.2-9.356.3-1.4-2.965.72-3.620.342.9610.5-10.37-13.78-4.89-1.3
Net Cash Flow
-95.4-28.9-130115.2452.7-13.3-48.7-91.6349.58-67.9157.62-466.86136.22-288.2887.04126.4524.81162.99-742.13136.79

Free Cash Flow

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Free Cash Flow
422.7359.8304488.69445.4324.9290.1416.39414.98340.63295.87385.14287.57282.65257.92309.82319.79209.21242.93266.76
Free Cash Flow Growth (YoY)
-5.10%10.74%4.79%17.36%7.33%-4.62%-1.95%8.11%44.31%20.51%14.71%24.31%-10.08%35.11%6.17%16.14%51.39%-6.29%13.10%17.90%
Free Cash Flow Margin
47.39%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%48.52%
Free Cash Flow Per Share
5.854.944.146.545.824.193.735.315.274.303.724.843.623.543.213.853.952.572.953.19
Levered Free Cash Flow
290.05197.29225.36418.71303.63210.39183.83345.62331.3224.63193.74334.82218.56206.74160.62302.97120.62138.4154.77281.73
Unlevered Free Cash Flow
334.9239.76266.74456.71335.63237.96211.59372.77359.19252.49221.63362.91246.61234.62188.24330.21146.96162.88178.81305.67

Additional Metrics

Fiscal Quarter
Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021
Period Ending
Sep '26 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
Cash Interest Paid
83.858.17951.593256.133.654.9934.2356.6834.0557.2534.4156.8633.857.9528.9850.4127.7849.7
Cash Income Tax Paid
39.2147.755.866.0943.9101.111.239.6148.19101.8411.3942.7359.16119.6218.9725.9630.69106.3917.6558.89
Change in Working Capital
-4.4-60.5-115.6109.9717.8-58.4-93.476.566.37-39.84-30.2840.92-1.82-2.14-34.569.16-19.35-38.23-31.0244.5
SEC Filings: 10-K · 10-Q