83/100B640.91
USD
-15.29
(-2.33%)
Market Closed
Last updated: · Delayed 15 min
Fair value748.90Plus-14%555Price 640.911,024
Q4 FY2026 · Earnings report
EPS estimate 5.09Revenue estimate 913.65M
Q4 FY2026 · Earnings report
EPS estimate 5.09Revenue estimate 913.65M
MSCI financials
Yes. MSCI earned 1.38B USD of net income over the last twelve months, 40.3% of its revenue. It made a profit in 23 of its 23 fiscal years since 2003.
- Revenue (TTM)
- 3.43B USD
- Net income (TTM)
- 1.38B USD
- Cash and short-term investments
- 261.00M USD
- Total debt
- 6.89B USD
- Shareholders' equity
- -3.02B USD
Cash, debt and equity as of 30 Sept 2026.
MSCI earnings
Next earnings · Q4 FY2026
EPS estimate
5.09 USD
Revenue estimate
913.65M USD
Last quarter · Q3 FY2026
EPS5.11Beat +1.6%Revenue892.00MBeat +0.5%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 5.74 | — | — | +12.27% | 966.00M | — | — | +8.30% | |
| Q2 FY2027 | 5.56 | — | — | +12.55% | 945.12M | — | — | +9.01% | |
| Q1 FY2027 | 5.34 | — | — | +17.29% | 929.93M | — | — | +9.30% | |
| Q4 FY2026 | 5.09 | — | — | +9.23% | 913.65M | — | — | +11.08% | |
| Q3 FY2026 | 5.03 | 5.11 | +1.59% | +14.32% | 887.83M | 892.00M | +0.47% | +12.42% | |
| Q2 FY2026 | 4.99 | 4.94 | -1.00% | +18.47% | 870.71M | 867.00M | -0.43% | +12.21% | |
| Q1 FY2026 | 4.44 | 4.55 | +2.48% | +13.75% | 838.02M | 850.80M | +1.53% | +14.07% | |
| Q4 FY2025 | 4.60 | 4.66 | +1.30% | +11.48% | 822.43M | 822.53M | +0.01% | +10.63% | |
| Q3 FY2025 | 4.38 | 4.47 | +2.05% | +15.80% | 797.19M | 793.43M | -0.47% | +9.48% | |
| Q2 FY2025 | 4.15 | 4.17 | +0.48% | +14.56% | 770.40M | 772.68M | +0.30% | +9.14% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 25.59 | — | — | +13.65% | 4.18B | — | — | +8.73% |
| FY2027 | 22.52 | — | — | +14.33% | 3.84B | — | — | +8.98% |
| FY2026 | 19.70 | — | — | +13.85% | 3.52B | — | — | +12.41% |
| FY2025 | 17.23 | 17.30 | +0.43% | +13.82% | 3.14B | 3.13B | -0.04% | +9.75% |
| FY2024 | 15.00 | 15.20 | +1.33% | +12.34% | 2.86B | 2.86B | -0.11% | +12.94% |
| FY2023 | 13.14 | 13.53 | +3.00% | +18.17% | 2.50B | 2.53B | +1.11% | +12.47% |
| FY2022 | 11.38 | 11.45 | +0.59% | +15.08% | 2.24B | 2.25B | +0.26% | +10.03% |
MSCI growth and profitability
Full income statement- Revenue (TTM)
- 3.43B USD
- Net income (TTM)
- 1.38B USD
- Gross margin
- 82.89%
- Operating margin
- 55.65%
- Net margin
- 40.31%
Revenue / Net income
Revenue Net income Net margin
How MSCI makes its money
Index1.79B 57.0%
Analytics714.40M 22.8%
Sustainability and Climate353.92M 11.3%
All Other - Private Assets279.34M 8.9%
Revenue3.13B 100.0%
Cost of revenue550.37M 17.6%
Gross profit2.58B 82.4%
Research and development177.60M 5.7%
Selling and administration500.05M 16.0%
Other operating expenses192.89M 6.2%
Operating income1.71B 54.7%
Tax291.95M 9.3%
Other expense219.31M 7.0%
Net income1.20B 38.4%
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
MSCI revenue breakdown
By product
FY2025
57.0%Index22.8%Analytics11.3%Sustainability and Climate8.9%All Other - Private Assets
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Index | 1.79B | 57.0% | +11.9% |
| Analytics | 714.40M | 22.8% | +5.8% |
| Sustainability and Climate | 353.92M | 11.3% | — |
| All Other - Private Assets | 279.34M | 8.9% | — |
By region
FY2025
22.5%Americas20.2%United States19.8%E M E A11.1%Other Europe Middle East And Africa Countries8.7%United Kingdom7.7%Asia And Australia5.7%Other Asia And Australia Countries2.2%Other America Countries2.0%Japan
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Americas | 1.41B | 22.5% | +8.5% |
| United States | 1.27B | 20.2% | +8.4% |
| E M E A | 1.24B | 19.8% | +11.7% |
| Other Europe Middle East And Africa Countries | 698.50M | 11.1% | +10.5% |
| United Kingdom | 543.48M | 8.7% | +13.3% |
| Asia And Australia | 484.37M | 7.7% | +8.5% |
| Other Asia And Australia Countries | 356.76M | 5.7% | +7.4% |
| Other America Countries | 140.70M | 2.2% | +9.1% |
| Japan | 127.61M | 2.0% | +11.8% |
Operating and free cash flow
Full cash flow statementOperating cash flow Free cash flow
MSCI financial health
Full balance sheet- Cash and short-term investments
- 261.00M USD
- Total debt
- 6.89B USD
- Net cash
- -6.63B USD
- Current ratio
- 0.82
- Piotroski score
- 6 / 9
- Altman Z-score
- 6.52
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Assets, liabilities and equity
Total assets Total liabilities Shareholders' equity
MSCI valuation
- Price to earnings ratio (TTM)
- 34.09
- Forward P/E (FY2026)
- 32.54
- Price to sales (TTM)
- 13.58
- EV / EBITDA (TTM)
- 25.10
Capital structure
Market capitalization
46.59B USD
+
Total debt
6.89B USD
−
Cash and short-term investments
261.00M USD
=
Enterprise value
53.22B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
MSCI against its own history
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Nasdaq, Coinbase Global, Moody's, Intercontinental Exchange, CME Group, and S&P Global, the US Financial - Data & Stock Exchanges companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Below its median34.129.580.9
- Gross marginAbove its median82.4%82.0%82.4%Against its peers: 2 of 7Peers' median 69.2%
- Operating marginAbove its median54.7%52.5%54.8%Against its peers: 2 of 7Peers' median 40.5%
- Net marginBelow its median38.4%35.5%45.4%Against its peers: 2 of 7Peers' median 27.6%
- Free cash flow marginAbove its median49.4%43.2%51.4%Against its peers: 2 of 7Peers' median 33.9%
- Revenue growthLowest in 5 years9.7%9.7%20.5%Against its peers: 2 of 7Peers' median 8.4%
- EPS growthBelow its median10.7%-2.4%34.2%Against its peers: 6 of 7Peers' median 19.7%
- Debt to EBITDAAt its median3.28×2.66×3.76×Against its peers: 6 of 7Peers' median 2.46×
- Current ratioBelow its median0.900.851.71Against its peers: 6 of 7Peers' median 1.03
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
MSCI dividends
- Annual dividend
- 8.20 USD
- Dividend yield (indicated)
- 1.28%
- Payout ratio
- 53.19%
- Years of dividend growth
- 12
- Frequency
- Quarterly
- Last payment
- 2.05 USD
- Last ex-dividend date
- 13 Nov 2026
- Last payment date
- 27 Nov 2026
Dividends per share
MSCI ownership
- Institutions
- 93.11%
- Institutional holders
- 1,107 (+11)
- Free float
- 94.78%
Who owns the shares
Institutions 93.1% Others 6.9%
As of 30 Jun 2026
Shares free to trade
Free float 68.91M shares ·94.8% Closely held 3.79M shares ·5.2%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 1 | 0.00 | 450.00 |
| Q3 2026 | 1 | 0 | 1.80K | 0.00 |
| Q2 2026 | 7 | 3 | 84.13K | 86.19K |
| Q1 2026 | 5 | 1 | 105.15K | 2.18K |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Common questions about MSCI's financials
Source: Financial Modeling Prep