MSCI · MSCI Inc.
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $3.24B | $3.13B | $2.86B | $2.53B | $2.25B | $2.04B | $1.7B | $1.56B | $1.43B | $1.27B | $1.15B | $1.08B | $996.68M | $913.36M | $826.99M | $900.94M | $662.9M | |
| $358.68M | — | — | — | — | — | $291.7M | $294.96M | $287.34M | $273.68M | $252.11M | $267.7M | $276.62M | $240.7M | — | — | — | |
| $1.68B | — | — | — | — | — | $1.4B | $1.26B | $1.15B | $1B | $898.56M | $807.32M | $720.06M | $672.67M | — | — | — | |
| — | — | — | — | — | — | 82.79% | 81.07% | 79.96% | 78.52% | 78.09% | 75.1% | 72.25% | 73.65% | — | — | — | |
| $179.6M | $177.6M | $158.65M | $132.12M | $107.21M | $111.56M | $101.05M | $98.33M | $81.41M | $75.85M | $75.2M | $77.32M | $71.1M | $61M | — | — | — | |
| $326.83M | $319.83M | $291.22M | $276.2M | $264.58M | $243.19M | $216.5M | $219.3M | $192.92M | $177.12M | $166.67M | $162.29M | $163.84M | $137.69M | — | — | — | |
| $192.12M | $180.22M | $182.34M | $153.97M | $146.86M | $147.89M | $114.63M | $110.09M | $99.88M | $87.76M | $87.24M | $86.01M | $76.37M | $68.46M | — | — | — | |
| $288.2M | — | — | — | — | — | — | — | — | — | — | — | $279.35M | $232.45M | $211.91M | $212.97M | $190.24M | |
| $167.48M | $169.48M | $164.04M | $114.43M | $91.08M | $80.59M | $56.94M | $49.41M | $54.19M | $44.55M | $47.03M | $46.91M | $45.88M | $44.8M | $50.02M | $65.81M | $41.6M | |
| — | $23.41M | $16.98M | $21.01M | $26.89M | $28.9M | $29.81M | $30M | $31.35M | $35.44M | $34.32M | $30.89M | $25.93M | $22.3M | $18.7M | $19.43M | $17.41M | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $33K | $3.59M | $8.9M | |
| $1.45B | $1.42B | $1.33B | $1.14B | $1.04B | $970.82M | $810.63M | $802.1M | $747.09M | $694.4M | $662.57M | $671.12M | $659.51M | $573.03M | $508.76M | $578.94M | — | |
| $1.79B | $1.71B | $1.53B | $1.38B | $1.21B | $1.07B | $884.76M | $755.7M | $686.9M | $579.77M | $488.1M | $403.9M | $337.17M | $340.33M | $318.24M | $322M | $206.12M | |
| — | 54.67% | 53.52% | 54.75% | 53.71% | 52.49% | 52.19% | 48.51% | 47.9% | 45.5% | 42.42% | 37.57% | 33.83% | 37.26% | 38.48% | 35.74% | 31.09% | |
| — | $1.74B | $1.55B | $1.41B | $1.23B | $1.1B | $914.57M | $785.7M | $718.24M | $615.21M | $522.42M | $434.79M | $363.1M | $362.63M | $336.94M | $341.42M | $223.54M | |
| $232.49M | $209.89M | $185.5M | $186.68M | $171.57M | $159.61M | $156.32M | $148.04M | $133.11M | $116.1M | $101.65M | $62.39M | $31.82M | $26.26M | $56.4M | $55.82M | $51.34M | |
| $14.91M | $16.01M | $21.28M | $34.48M | $11.77M | $1.5M | $5.03M | $16.4M | $19.67M | $6.31M | $2.91M | $1.17M | $851K | $889K | $699K | $848K | $993K | |
| -$241.11M | -$219.31M | -$172.35M | -$15.55M | -$163.8M | -$214.59M | -$198.54M | -$152.38M | -$57M | -$112.87M | -$102.17M | -$54.34M | -$28.83M | -$27.5M | -$57.43M | -$58.59M | -$52.63M | |
| — | -$11.77M | $0 | $0 | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $1.55B | $1.49B | $1.36B | $1.37B | $1.04B | $858.14M | $686.23M | $603.32M | $629.9M | $466.9M | $385.94M | $349.55M | $308.34M | $312.83M | $260.8M | $263.41M | $153.49M | |
| $232.65M | $291.95M | $247.04M | $220.47M | $173.27M | $132.15M | $84.4M | $39.67M | $122.01M | $162.93M | $125.08M | $119.52M | $109.4M | $112.92M | $96.01M | $89.96M | $61.32M | |
| $1.32B | $1.2B | $1.11B | $1.15B | $870.57M | $725.98M | $601.82M | $563.65M | $507.89M | $303.97M | $260.86M | $223.65M | $284.11M | $222.56M | $184.24M | $173.45M | $92.17M | |
| — | 38.36% | 38.83% | 45.42% | 38.72% | 35.53% | 35.5% | 36.18% | 35.42% | 23.86% | 22.67% | 20.8% | 28.51% | 24.37% | 22.28% | 19.25% | 13.9% | |
| — | — | — | — | — | — | — | — | — | — | $260.86M | $223.65M | $283.75M | $221.92M | $182.69M | $172.83M | — | |
| $1.32B | $1.22B | $1.1B | $1.15B | $869.16M | $726.05M | $605.54M | $559.47M | $497.83M | $316.36M | $235.87M | $212.87M | $259.79M | $224.7M | $186.54M | $169.2M | $97.79M | |
| USD/shares | — | $15.72 | $14.09 | $14.45 | $10.78 | $8.80 | $7.19 | $6.66 | $5.83 | $3.36 | $2.72 | $2.05 | $2.45 | $1.85 | $1.50 | $1.43 | $0.82 |
| USD/shares | — | $15.69 | $14.05 | $14.39 | $10.72 | $8.70 | $7.12 | $6.59 | $5.66 | $3.31 | $2.70 | $2.03 | $2.43 | $1.83 | $1.48 | $1.41 | $0.81 |
| shares | — | 76.5M | 78.71M | 79.46M | 80.75M | 82.51M | 83.72M | 84.64M | 87.18M | 90.34M | 95.99M | 109.12M | 115.74M | 120.1M | 122.02M | 120.72M | 112.07M |
| shares | — | 76.64M | 78.96M | 79.84M | 81.22M | 83.48M | 84.52M | 85.54M | 89.7M | 91.91M | 96.54M | 109.93M | 116.71M | 121.07M | 123.2M | 122.28M | 113.36M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $9.77B in buybacks, $3.15B in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Reportable Segment Aggregation Before Other Operating Segment | $2,855,120,000 | $2,597,835,000 | $2,355,339,000 | — | — | — | — | — |
| Index Segment | $1,786,808,000 | $1,596,145,000 | $1,451,815,000 | $1,303,209,000 | $1,251,764,000 | $1,016,495,000 | — | — |
| Analytics Segment | $714,397,000 | $675,089,000 | $615,956,000 | $576,107,000 | $544,299,000 | $513,808,000 | — | — |
| Sustainability and Climate Segment | $353,915,000 | $326,601,000 | $287,568,000 | — | — | — | — | — |
| All Other Segments | $279,339,000 | $258,293,000 | $173,581,000 | $140,971,000 | — | — | — | $118,570,000 |
| All Other Private Assets | — | — | — | — | — | — | $49,275,000 | — |
| All Other Private Assets Segment | — | — | $173,581,000 | — | $81,289,000 | $53,723,000 | — | — |
| Analytics | — | — | — | — | — | — | $496,925,000 | $479,939,000 |
| ESG and Climate | — | — | — | — | — | — | $90,659,000 | — |
| ESG and Climate Segment | — | $326,601,000 | $287,568,000 | $228,311,000 | $166,192,000 | $111,364,000 | — | — |
| Index | — | — | — | — | — | — | $920,937,000 | $835,475,000 |
By Geography (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| United States | $1,267,406,000 | $1,168,998,000 | $1,044,016,000 | $934,462,000 | $836,880,000 | $723,962,000 | $698,105,000 | $662,345,000 |
| Other Europe Middle East And Africa Countries | $698,498,000 | $632,133,000 | $569,032,000 | $512,018,000 | $454,239,000 | $364,547,000 | $325,221,000 | $293,252,000 |
| United Kingdom | $543,481,000 | $479,674,000 | $408,087,000 | $351,225,000 | $344,976,000 | $262,188,000 | $234,926,000 | $214,204,000 |
| Other Asia And Australia Countries | $356,761,000 | $332,216,000 | $294,997,000 | $263,607,000 | $230,286,000 | $192,694,000 | $161,918,000 | $139,018,000 |
| Other America Countries | $140,702,000 | $128,950,000 | $111,965,000 | $96,023,000 | $85,744,000 | $71,408,000 | $65,997,000 | $58,065,000 |
| Japan | $127,611,000 | $114,157,000 | $100,823,000 | $91,263,000 | $91,419,000 | $80,591,000 | $71,629,000 | $67,100,000 |
By Product & Service (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Recurring Subscriptions | $2,278,704,000 | $2,114,445,000 | $1,871,290,000 | $1,659,523,000 | $1,426,040,000 | $1,248,175,000 | $1,154,040,000 | $1,066,536,000 |
| Asset-Based Fees | $770,670,000 | $657,501,000 | $557,502,000 | $528,127,000 | $553,991,000 | $399,771,000 | $361,927,000 | $336,565,000 |
| Non-Recurring | $85,085,000 | $84,182,000 | $100,128,000 | $60,948,000 | $63,513,000 | $47,444,000 | $41,829,000 | $30,883,000 |