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NYSE · Industrials

MSCI Inc. (MSCI)

As-reported financials and SEC filings for MSCI Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About MSCI Inc.

MSCI Inc. provides data, analytics, and indexes to global investors to help them assess risks and opportunities and make investment decisions. Its products include indexes, portfolio construction and risk management tools, sustainability and climate solutions, and private asset data and analytics. MSCI serves a wide range of clients such as asset managers, banks, asset owners, hedge funds, wealth managers, and insurance companies worldwide.

Snapshot

Revenue
$3.13B
Revenue growth (YoY)
9.7%
Net income
$1.20B
Diluted EPS
$15.69
Gross margin
—
Operating margin
54.7%
Net margin
38.4%
FCF margin
49.4%
ROE
—
net income / fiscal-year-end equity
P/E
31.1×
trailing when available, otherwise FY EPS
Market cap
$41.37B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at MSCI

  • Revenue grew 9.7% to $3.1B in FY2025, slower than the 12.9% the year before.
  • Operating margin is 54.7% in FY2025, +2.2 pp against 52.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $867M, up 12.2% from Q2 FY2025.
  • Free cash flow was $1.5B in FY2025, 49.4% of revenue.
  • Net income rose 8.4% to $1.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where MSCI’s fundamentals sit among the 668 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin54.7%
99th percentile of 598
Net margin38.4%
98th percentile of 630
FCF margin49.4%
99th percentile of 546
Revenue growth (YoY)+9.7%
65th percentile of 652
P/E31.1×
67th percentile of 406
Short interest3.12d
47th percentile of 661

MSCI’s operating margin of 54.7% ranks in the 99th percentile of the 598 Industrials companies reporting it. MSCI’s FCF margin of 49.4% ranks in the 99th percentile of the 546 Industrials companies reporting it. MSCI’s net margin of 38.4% ranks in the 98th percentile of the 630 Industrials companies reporting it.

1 reported insider purchase (code P) totaling $1.0M in the last 90 days, against 1 sale totaling $256,500. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
6
+6 quant / multi-strat
Initiated / added
6
3 new, 3 added
Reduced / exited
5
4 trimmed, 1 exited
Combined position
$2.50B
reported long value
InvestorAs ofPosition valueSharesChange
Viking Global InvestorsQ2 2026$650.0M1.2MNew
Millennium ManagementquantQ2 2026$415.5M741.9KAdded
Polen Capital ManagementQ2 2026$376.2M671.8KReduced
AQR Capital ManagementquantQ2 2026$364.1M658.4KAdded
Citadel AdvisorsquantQ2 2026$257.9M460.6KReduced
Two Sigma InvestmentsquantQ2 2026$185.0M330.3KReduced
Point72 Asset ManagementquantQ2 2026$154.4M275.7KAdded
Markel GroupQ2 2026$80.0M142.8KHeld
Bridgewater AssociatesQ2 2026$9.8M17.4KNew
Yacktman Asset ManagementQ2 2026$6.1M10.9KHeld
Gotham Asset ManagementQ2 2026$3.4M6.0KReduced
D. E. ShawquantQ2 2026$784,0561.4KNew

No longer held by: Himalaya Capital Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$1.0M
code P value
Sells (90d)
1
$257K
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-12
filed 2026-10-14
Andrew C. WiechmannChief Financial OfficerSell450$570.00$257K
2026-09-02
filed 2026-09-04
Rajat TanejaDirectorBuy1.8K$560.00$1.0M
2026-06-10
filed 2026-06-12
Andrew C. WiechmannChief Financial OfficerSell450$604.56$272K
2026-05-15
filed 2026-05-18
Henry A. FernandezChairman and CEOBuy1.2K$561.56$695K
2026-05-15
filed 2026-05-18
Henry A. FernandezChairman and CEOBuy1.1K$562.47$631K
2026-05-15
filed 2026-05-18
Henry A. FernandezChairman and CEOBuy800$563.39$451K
2026-05-15
filed 2026-05-18
Henry A. FernandezChairman and CEOBuy400$564.42$226K
2026-05-15
filed 2026-05-18
Henry A. FernandezChairman and CEOBuy240$560.28$134K
2026-05-15
filed 2026-05-18
Henry A. FernandezChairman and CEOBuy120$559.40$67K
2026-05-15
filed 2026-05-18
Henry A. FernandezChairman and CEOBuy80$565.17$45K
2026-04-24
filed 2026-04-28
Alvise J. MunariChief Product OfficerSell10.0K$592.03$5.9M
2026-04-24
filed 2026-04-28
Alvise J. MunariChief Product OfficerSell40$593.31$24K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.9M
settled 2026-09-30
Change vs prior
+45.3%
vs previous settlement
Days to cover
3.12
at avg daily volume
Avg daily volume
622.0K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-301.9M+45.3%3.12
2026-09-151.3M+14.2%2.77
2026-08-311.2M+9.2%2.29
2026-08-141.1M-9.8%1.57
2026-07-311.2M-4.7%1.30
2026-07-151.2M-6.2%2.42
2026-06-301.3M-25.9%1.43
2026-06-151.8M+6.2%3.24

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.13B$2.86B$2.53B$2.25B$2.04B
Gross profit—————
Operating income$1.71B$1.53B$1.38B$1.21B$1.07B
Net income$1.20B$1.11B$1.15B$870.6M$726.0M
Diluted EPS$15.69$14.05$14.39$10.72$8.70

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.59B$1.50B$1.24B$1.10B$936.1M
Capital expenditure$39.3M$33.8M$22.8M$13.6M$13.5M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$867.0M12.2%$342.0M$4.69
Q1 FY2026$850.8M14.1%$406.0M$5.53
Q4 FY202510.6%
Q3 FY2025$793.4M9.5%$325.4M$4.25
Q2 FY2025$772.7M9.1%$303.7M$3.92
Q1 FY2025$745.8M9.7%$288.6M$3.71
Q4 FY20247.7%
Q3 FY2024$724.7M15.9%$280.9M$3.57

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryServices-Business Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1408198

Selected SEC filings

10-K2026-02-06
View on EDGAR →
10-K2025-02-07
View on EDGAR →
10-Q2026-07-21
View on EDGAR →
10-Q2026-04-21
View on EDGAR →
10-Q2025-10-28
View on EDGAR →
10-Q2025-07-22
View on EDGAR →
8-K2026-08-07
View on EDGAR →
8-K2026-07-21
View on EDGAR →

Largest Industrials peers

All Industrials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.