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MSCI Inc.

MSCI Inc.

NYSE•MSCI
CEO: Mr. Henry A. Fernandez
Sector: Financial Services
Industry: Financial - Data & Stock Exchanges
Listing Date: 2007-11-15
MSCI Inc., together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct. The Analytics segment offers risk management, performance attribution and portfolio management content, application, an integrated view of risk and return service, and an analysis of market, credit, liquidity, counterparty, and climate risk across asset classes; managed services, including consolidation of client portfolio data, review and reconciliation of input data and results, and customized reporting; and HedgePlatform to measure, evaluate, and monitor the risk of hedge fund investments. The ESG and Climate segment provides products and services that help institutional investors understand how ESG impacts the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to help investors navigate increasing regulation. The All Other – Private Assets segment includes real estate and infrastructure data, benchmarks, return-analytics, climate assessments and market insights; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. The Private Capital Solutions segment offers tools to help private asset investors across mission-critical workflows, such as sourcing terms and conditions, evaluating operating performance, managing risk and other activities supporting private capital investing. MSCI Inc. was incorporated in 1998 and is headquartered in New York, New York.
Contact Information
7 World Trade Center, 49th Floor 250 Greenwich Street, New York, NY, 10007, United States
212-804-3900
www.msci.com
Market Cap
$38.75B
P/E (TTM)
33.1
32.3
Dividend Yield
1.4%
52W High
$626.28
52W Low
$486.74
52W Range
21%
Rank17Top 4.2%
6.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$822.53M+10.63%
4-Quarter Trend

EPS

$3.69-5.38%
4-Quarter Trend

FCF

$488.69M+17.36%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth Strong Total operating revenues reached $3.13B USD, marking a 9.7% increase for the year ended December 31, 2025.
Adjusted EBITDA Rises Consolidated Adjusted EBITDA grew 11.1% to $1.91B USD, reflecting strong operating leverage across all segments.
Recurring Revenue Base Expands Total Run Rate finished 2025 at $3.30B USD, demonstrating a robust 13.0% period-over-period growth rate.
Index Segment Leads Growth Index segment operating revenues increased 11.9% to $1.79B USD, driven by asset-based fees and subscriptions.

Risk Factors

Client Concentration Exposure Largest client, BlackRock, represented 10.8% of total operating revenues in 2025, posing concentration risk.
Third-Party Data Reliance Business relies heavily on third parties for data supply and product distribution; failure or termination impacts service delivery.
AI Use Reputational Risks Use of AI introduces risks like reputational harm, competitive pressure, and potential regulatory scrutiny or legal liability.
Variable Fee Negotiation Clients may negotiate lower asset-based fees or cease index usage, potentially limiting future revenue growth and predictability.

Outlook

Extend Content Leadership Focus on extending leadership in research-enhanced content across all asset classes, including private assets and sustainability.
Grow Strategic Client Relationships Aim to be strategic partner by expanding presence across new client types like hedge funds and wealth managers.
Apply AI for Innovation Applying AI across organization to accelerate content creation, data processing, analytics, and differentiated product development.
Execute Strategic Partnerships Regularly evaluate and pursue strategic partnerships and acquisitions to enhance or expand current product offerings and capabilities.

Peer Comparison

Revenue (TTM)

JPMorgan Chase & Co.JPM
$280.34B
+3.5%
Banco Santander (Brasil) S.A.BSBR
$118.14B
-5.8%
Morgan StanleyMS
$116.11B
+12.6%

Gross Margin (Latest Quarter)

Apollo Global Management, Inc.APO
100.0%
-0.1pp
Banco Santander (Brasil) S.A.BSBR
100.0%
+0.0pp
Prudential Financial, Inc.PRU
100.0%
+9.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
JPM$866.44B15.615.9%11.3%
MS$282.72B16.615.7%0.0%
APO$76.87B22.616.6%2.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.3%
Moderate Growth
4Q Net Income CAGR
-0.5%
Stable Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Apr 20, 2026
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EPS:-
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Revenue:-
Reports
Financials
All Years
  • Form 10-K - FY 2025

    Period End: Dec 31, 2025|Filed: Feb 6, 2026|
    Revenue: $3.13B+9.7%
    |
    EPS: $15.58+10.6%
    Beat
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 28, 2025|
    Revenue: $793.43M+9.5%
    |
    EPS: $4.25+18.7%
    Meet
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 22, 2025|
    Revenue: $772.68M+9.1%
    |
    EPS: $3.92+16.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 22, 2025|
    Revenue: $745.83M+9.7%
    |
    EPS: $3.72+15.2%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 7, 2025|
    Revenue: $2.86B+12.9%
    |
    EPS: $14.09-2.5%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 31, 2024|
    Revenue: $724.71M+15.9%
    |
    EPS: $3.58+9.1%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 23, 2024|
    Revenue: $707.95M+14.0%
    |
    EPS: $3.37+8.7%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: Apr 23, 2024|
    Revenue: $679.97M+14.8%
    |
    EPS: $3.23+8.4%
    Miss