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MSCI (MSCI): financials, SEC filings and peers

MSCI (MSCI) is a financial exchanges & data company in the Financials sector of the S&P 500, headquartered in New York City, New York.

It was founded in 1969 and joined the S&P 500 on April 4, 2018.

Its fiscal year ends in December, and its shares trade on the NYSE.

In its SEC filings it is classified as “Services-Business Services, NEC”.

MSCI at a glance

Revenue (12 months)
$3.4B
Revenue growth
+12.3%
Operating margin
55.7%
Net income (12 months)
$1.4B
Free cash flow (12 months)
$1.6B
Cash
$261M
Debt
$6.7B
Diluted EPS (12 months)
$18.90

Twelve months to September 30, 2026, from the 10-Q filed October 20, 2026.

Latest twelve months

Over the twelve months to September 30, 2026, MSCI reported revenue of $3.4 billion, up 12.3% from a year earlier.

Its operating margin was 55.7%, up 1.5 percentage points from a year earlier: for every $100 of sales, about $56 was left as operating profit.

Net income was $1.4 billion (40.3% of revenue), 13.1% higher than a year earlier.

Operating cash flow was $1.6 billion and capital spending $40 million, leaving free cash flow of $1.6 billion (45.9% of revenue).

At the end of the period it held $261 million in cash and $6.7 billion in debt, a net debt position of $6.5 billion.

The diluted share count fell 5.6% in a year, typically the result of buybacks.

Five-year trend

  • Revenue went from $1.7 billion in fiscal 2020 to $3.1 billion in fiscal 2025, about 13.1% a year.
  • Revenue has grown for 5 fiscal years in a row.
  • Operating margin widened from 52.2% to 54.7% over the same years.
  • Free cash flow was positive in each of the last 6 fiscal years.
Fiscal year20212022202320242025
Revenue$2.0B$2.2B$2.5B$2.9B$3.1B
Revenue growth20.5%10.0%12.5%12.9%9.7%
Operating margin52.5%53.7%54.8%53.5%54.7%
Net income$726M$871M$1.1B$1.1B$1.2B
Free cash flow$923M$1.1B$1.2B$1.5B$1.5B
Diluted EPS$8.70$10.72$14.39$14.05$15.69

Fiscal years as reported in MSCI’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

  • 10-Q filed October 20, 2026 — quarterly report
  • 8-K filed October 20, 2026 — Earnings results
  • 8-K filed August 7, 2026 — Executive or director change
  • 10-Q filed July 21, 2026 — quarterly report
  • 8-K filed July 21, 2026 — Earnings results
  • 8-K filed April 23, 2026 — Shareholder vote results
  • 10-Q filed April 21, 2026 — quarterly report
  • 8-K filed April 21, 2026 — Earnings results

All MSCI filings on SEC EDGAR

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Questions about MSCI

Is MSCI's revenue growing?

Yes. Revenue for the twelve months to September 30, 2026 was $3.4 billion, up 12.3% from a year earlier, according to its SEC filings.

Is MSCI profitable?

Yes. It earned $1.4 billion in net income over the twelve months to September 30, 2026, a net margin of 40.3%.

Does MSCI have more cash or more debt?

At September 30, 2026 it had $261 million in cash and $6.7 billion in debt, so more debt than cash.

When did MSCI last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on October 20, 2026.

Which companies are similar to MSCI?

In the S&P 500, MSCI is grouped in Financial Exchanges & Data within the Financials sector. Cboe Global Markets (CBOE), CME Group (CME), Coinbase (COIN), FactSet (FDS), Intercontinental Exchange (ICE) are in the same group.

Understand the numbers

Source: MSCI’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.