MSCI Inc. (MSCI) — Financial statements
Income statement, balance sheet, and cash flow for MSCI Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 3,134↑9.7% | 2,856↑12.9% | 2,529↑12.5% | 2,249↑10.0% | 2,044 | |
| Cost of Revenue | 550↑7.0% | 514↑15.2% | 447↑10.4% | 404↑12.7% | 359 | |
| Gross Profit | 2,584↑10.3% | 2,342↑12.5% | 2,082↑12.9% | 1,844↑9.5% | 1,685 | |
| Operating Expenses | ||||||
| R&D Expenses | 178↑11.9% | 159↑20.1% | 132↑23.2% | 107↓3.9% | 112 | |
| General & Administrative Expenses | 180↓1.2% | 182↑18.4% | 154↑4.8% | 147↓0.7% | 148 | |
| Selling & Marketing Expenses | 320↑9.8% | 291↑5.4% | 276↑4.4% | 265↑8.8% | 243 | |
| SG&A Expenses | 500↑5.6% | 474↑10.1% | 430↑4.6% | 411↑5.2% | 391 | |
| Other Expenses | 193↑6.6% | 181↑33.7% | 135↑14.8% | 118↑7.7% | 109 | |
| Operating Expenses | 871↑7.0% | 813↑16.6% | 698↑9.6% | 637↑4.0% | 612 | |
| Total Costs & Expenses | 1,421↑7.0% | 1,328↑16.0% | 1,144↑9.9% | 1,041↑7.2% | 971 | |
| Operating Results | ||||||
| Operating Income | 1,714↑12.1% | 1,529↑10.4% | 1,385↑14.7% | 1,208↑12.6% | 1,073 | |
| Depreciation & Amortization | 219↑6.0% | 206↑29.6% | 159↑11.7% | 142↑6.2% | 134 | |
| EBITDA | 1,932↑10.5% | 1,748↑1.9% | 1,715↑26.3% | 1,358↑17.9% | 1,152 | |
| EBIT | 1,704↑10.5% | 1,542↓0.9% | 1,556↑28.0% | 1,215↑19.4% | 1,018 | |
| Interest & Other Income | ||||||
| Net Interest Income | -194↓18.1% | -164↓7.9% | -152↑4.8% | -160↓1.1% | -158 | |
| Interest Income | 16↓24.7% | 21↓38.3% | 34↑193.0% | 12↑686.2% | 1 | |
| Interest Expense | 210↑13.1% | 186↓0.6% | 187↑8.8% | 172↑7.5% | 160 | |
| Non-Operating Income | 9↑171.7% | -13↑92.3% | -171↓2101.9% | -8↓114.1% | 55 | |
| Other Income / Expenses | -219↓27.2% | -172↓1008.5% | -16↑90.5% | -164↑23.7% | -215 | |
| Income Before Tax | 1,494↑10.2% | 1,356↓0.9% | 1,369↑31.2% | 1,044↑21.6% | 858 | |
| Income Tax Expense | 292↑18.2% | 247↑12.1% | 220↑27.2% | 173↑31.1% | 132 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,202↑8.4% | 1,109↓3.4% | 1,149↑31.9% | 871↑19.9% | 726 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,202↑8.4% | 1,109↓3.4% | 1,149↑31.9% | 871↑19.9% | 726 | |
| Bottom-Line Net Income | 1,202↑8.4% | 1,109↓3.4% | 1,149↑31.9% | 871↑19.9% | 726 | |
| EPS (Basic) | 15.58↑10.6% | 14.09↓2.5% | 14.45↑34.0% | 10.78↑22.5% | 8.80 | |
| EPS (Diluted) | 15.56↑10.7% | 14.05↓2.4% | 14.39↑34.2% | 10.72↑23.2% | 8.70 | |
| Weighted Average Shares | 77↓2.0% | 79↓0.9% | 79↓1.6% | 81↓2.1% | 83 | |
| Weighted Average Diluted Shares | 77↓2.1% | 79↓1.1% | 80↓1.7% | 81↓2.7% | 83 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.