MSCI Inc. MSCI SPX
MSCI Inc., together with its subsidiaries, provides research-based data, analytics, and indexes, supported by advanced technology worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial products, 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 Sustainability 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 assist investors navigate increasing regulation. The All Other Private Assets segment comprises private credit, 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 investment. MSCI Inc. was incorporated in 1998 and is based in New York, New York.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Healthy ROCE of 44.0%.
- Excellent profit margin of 40.7%.
- Compounding revenue at 11.7% over 5 years.
- Profit CAGR of 11.4% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSCI MSCI Inc. SPX | 631.38 | 36.10 | $45.92B | 1.30% | 44.00% | - | 11.71% | 11.36% |
| 2 | JPM JPMorgan Chase & Co. SPX | 299.31 | 14.33 | $802.00B | 2.00% | - | 16.47% | 12.50% | 14.83% |
| 3 | V Visa Inc. SPX | 326.36 | 28.48 | $620.65B | 0.82% | 38.38% | 60.35% | 10.92% | 10.28% |
| 4 | MA Mastercard Incorporated SPX | 493.98 | 28.57 | $436.47B | 0.70% | 61.47% | - | 13.82% | 14.66% |
| 5 | MS Morgan Stanley SPX | 208.00 | 18.84 | $328.08B | 1.92% | - | 16.39% | 9.52% | 15.20% |
| 6 | GS The Goldman Sachs Group, Inc. SPX | 1,025.56 | 18.73 | $302.55B | 1.76% | - | 14.55% | 7.16% | 15.11% |
| 7 | WFC Wells Fargo & Company SPX | 77.54 | 11.98 | $237.29B | 2.32% | - | 12.03% | 4.02% | 15.98% |
| 8 | BLK BlackRock, Inc. SPX | 1,046.88 | 26.32 | $162.51B | 2.19% | 4.89% | 11.90% | 10.65% | 2.36% |
| 9 | SCHW The Charles Schwab Corporation SPX | 87.35 | 17.37 | $151.91B | 1.47% | - | 19.08% | 4.83% | 7.21% |
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 301.21M | 316.09M | 322.10M | 334.78M | 351.32M | 363.05M | 357.93M | 361.69M | 371.38M | 385.56M | 394.25M | 406.61M | 416.78M | 409.62M | 425.33M | 443.66M | 478.42M | 498.18M | 517.10M | 549.84M | 559.95M | 551.81M | 560.64M | 592.22M | 621.16M | 625.44M | 679.97M | 707.95M | 724.71M | 745.80M | 772.68M | 793.43M | 822.53M | 850.80M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 136.80M | 137.67M | 132.53M | 143.38M | 141.80M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 609.00M | 635.01M | 660.90M | 679.15M | 709.00M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 232.00M | 209.78M | 213.21M | 215.53M | 252.10M |
| Operating Income | 109.10M | 107.54M | 113.14M | 125.69M | 123.26M | 126.01M | 130.73M | 146.10M | 148.80M | 154.14M | 167.17M | 173.51M | 176.40M | 169.82M | 162.68M | 192.38M | 201.22M | 199.43M | 207.88M | 215.18M | 227.62M | 234.09M | 254.38M | 257.53M | 280.23M | 280.59M | 288.98M | 300.38M | 309.53M | 314.60M | 345.95M | 353.31M | 339.38M | 382.61M | 401.33M | 377.00M | 425.23M | 447.69M | 463.62M | 456.90M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 432.10M | 479.40M | 503.22M | 508.03M | 512.90M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 46.50M | 46.18M | 53.62M | 63.59M | 69.10M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 331.10M | 377.84M | 396.51M | 388.84M | 389.20M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 42.50M | 74.19M | 71.12M | 104.17M | -16.80M |
| Net Income | 64.40M | 59.41M | 60.37M | 66.96M | 65.28M | 68.25M | 72.95M | 81.27M | 85.15M | 64.60M | 115.09M | 116.83M | 123.83M | 152.13M | 178.19M | 125.69M | 136.98M | 122.78M | 148.12M | 115.12M | 182.36M | 156.22M | 196.82M | 165.42M | 169.88M | 193.87M | 228.42M | 210.59M | 216.59M | 238.73M | 246.82M | 259.66M | 255.95M | 266.76M | 280.90M | 288.60M | 303.65M | 325.39M | 284.67M | 406.00M |
| Diluted EPS | 0.59 | 0.57 | 0.60 | 0.69 | 0.68 | 0.73 | 0.80 | 0.89 | 0.93 | 0.70 | 1.24 | 1.28 | 1.36 | 1.70 | 2.08 | 1.47 | 1.60 | 1.44 | 1.73 | 1.36 | 2.16 | 1.87 | 2.36 | 1.99 | 2.03 | 2.32 | 2.78 | 2.59 | 2.68 | 2.97 | 3.09 | 3.27 | 3.22 | 3.37 | 3.57 | 3.71 | 3.92 | 4.25 | 3.81 | 5.53 |
| R&D Expense | 15.55M | 17.78M | 18.93M | 18.57M | 18.75M | 18.96M | 18.97M | 18.20M | 17.97M | 20.71M | 20.71M | 19.80M | 20.59M | 20.31M | 23.17M | 23.75M | 24.31M | 27.10M | 26.56M | 22.53M | 24.90M | 27.06M | 24.86M | 27.53M | 28.35M | 30.82M | 28.32M | 23.92M | 25.94M | 31.32M | 30.14M | 31.44M | 40.52M | 41.07M | 38.58M | 47.60M | 44.07M | 44.81M | - | 49.60M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Nov 2008 | Nov 2009 | Nov 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | 1.15B | 1.27B | 1.43B | 1.56B | 1.70B | - | 2.25B | 2.53B | 2.86B | 3.13B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 404.34M | 446.58M | 514.38M | 550.37M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.84B | 2.08B | 2.34B | 2.58B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 636.62M | 697.73M | 813.23M | 870.53M |
| Operating Income | 135.79M | 150.99M | 206.12M | 322.00M | 318.24M | 340.33M | 337.17M | 403.90M | 488.10M | 579.77M | 686.90M | 755.70M | 884.76M | - | 1.21B | 1.38B | 1.53B | 1.71B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.36B | 1.71B | 1.75B | 1.92B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 171.57M | 186.68M | 185.50M | 209.89M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04B | 1.37B | 1.36B | 1.49B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 173.27M | 220.47M | 247.04M | 291.95M |
| Net Income | 68.27M | 81.80M | 92.17M | 173.45M | 184.24M | 222.56M | 284.11M | 223.65M | 260.86M | 303.97M | 507.88M | 563.65M | 601.82M | - | 870.57M | 1.15B | 1.11B | 1.20B |
| Diluted EPS | 0.66 | 0.80 | 0.81 | 1.41 | 1.48 | 1.83 | 2.43 | 2.03 | 2.70 | 3.31 | 5.66 | 6.59 | 7.12 | - | 10.72 | 14.39 | 14.05 | 15.69 |
| R&D Expense | - | - | - | - | - | 61.00M | 71.09M | 77.32M | 75.20M | 75.85M | 81.41M | 98.33M | 101.05M | 111.56M | 107.20M | 132.12M | 158.65M | 177.60M |
Compounded Sales Growth
| 5 Years: | 11.71% |
| 1 Year: | 14.10% |
Compounded Profit Growth
| 5 Years: | 11.36% |
| 1 Year: | 49.10% |
Stock Price Performance
| 1 Year: | +13.51% |
| 6 Months: | +13.01% |
| 3 Months: | +10.81% |
| 1 Month: | +5.94% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Nov 2007 | Nov 2008 | Nov 2009 | Nov 2010 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.20B | 3.02B | 3.06B | 3.09B | 3.02B | 3.14B | 2.88B | 3.15B | 3.08B | 3.28B | 3.39B | 4.20B | 4.20B | - | 5.00B | 5.52B | 5.45B | 5.70B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.75B | 1.42B | 1.34B | 1.64B |
| Cash & Equivalents | 33.82M | 268.08M | 176.02M | 226.57M | 269.42M | 252.21M | 183.31M | 358.43M | 508.80M | 777.71M | 791.83M | 889.50M | 904.18M | 1.51B | 1.30B | - | 993.20M | 457.81M | 405.85M | 511.67M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 663.24M | 839.55M | 820.71M | 986.71M |
| Total Liabilities | - | - | 693.21M | 1.94B | 1.96B | 1.79B | 1.59B | 1.57B | 1.45B | 2.25B | 2.76B | 2.87B | 3.55B | 4.28B | 4.64B | - | 6.01B | 6.26B | 6.39B | 8.36B |
| Current Liabilities | - | - | 292.50M | 466.92M | 466.08M | 452.81M | 509.94M | 503.04M | 472.91M | 498.12M | 536.57M | 607.67M | 809.01M | 900.79M | 1.02B | - | 1.25B | 1.52B | 1.59B | 1.83B |
| Long Term Debt | - | - | 337.62M | 1.21B | 1.21B | 1.07B | 811.62M | 788.01M | 788.36M | 1.58B | 2.08B | 2.08B | 2.58B | 3.07B | 3.37B | - | 4.50B | 4.50B | 4.51B | 6.20B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.64B | 4.63B | 4.63B | 6.31B |
| Total Equity | 200.02M | 286.38M | 507.06M | 1.08B | 1.10B | 1.29B | 1.41B | 1.56B | 1.43B | 901.49M | 317.61M | 401.01M | -166.49M | -76.71M | -443.23M | - | -1.01B | -739.76M | -940.00M | -2.65B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 133.62M | 133.82M | 134.08M | 134.32M |
Cash Flows (Annual)
Figures in USD.
| Metric | Nov 2008 | Nov 2009 | Nov 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 155.08M | 130.94M | 183.35M | 255.00M | 347.07M | 321.18M | 305.67M | 321.25M | 442.36M | 404.16M | 612.76M | 709.52M | 811.11M | - | 1.10B | 1.24B | 1.50B | 1.59B |
| Investing Cash Flow | 112.07M | -308.22M | -892.28M | -90.61M | -94.36M | 4.12M | 297.04M | -48.86M | -42.03M | -48.05M | 34.87M | -71.94M | -241.79M | - | -79.33M | -819.38M | -144.25M | -130.06M |
| Financing Cash Flow | -22.95M | 82.54M | 758.06M | -177.99M | -322.98M | -146.58M | -442.33M | 4.70M | -372.90M | -267.54M | -626.48M | -36.67M | -779.04M | - | -1.43B | -953.93M | -1.40B | -1.36B |
| Capital Expenditure | -25.56M | -13.41M | -13.19M | -23.11M | -44.88M | -40.26M | -42.66M | -40.65M | -32.28M | -33.18M | -30.26M | -29.12M | -21.83M | - | -72.89M | -90.85M | -115.12M | -129.86M |
| Free Cash Flow | 129.53M | 117.53M | 170.16M | 231.89M | 302.19M | 280.93M | 263.01M | 280.60M | 410.08M | 370.98M | 582.50M | 680.41M | 789.28M | - | 1.02B | 1.15B | 1.39B | 1.46B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -409.35M | -537.28M | -44.94M | 96.39M |
| Share Buybacks | 681.00K | 18.49M | 14.15M | 14.63M | 105.99M | 112.18M | 409.65M | 700.72M | 774.57M | 150.46M | 949.89M | 292.07M | 778.52M | 198.37M | 1.40B | 504.19M | 885.27M | 2.48B |
| Dividends Paid | - | - | - | - | - | - | - | 87.80M | 96.26M | 119.80M | 171.03M | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Nov 2008 | Nov 2009 | Nov 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 82.0% | 82.3% | 82.0% | 82.4% |
| Operating Margin % | - | - | - | - | - | - | - | - | 42.4% | 45.5% | 47.9% | 48.5% | 52.2% | - | 53.7% | 54.8% | 53.5% | 54.7% |
| Net Margin % | - | - | - | - | - | - | - | - | 22.7% | 23.9% | 35.4% | 36.2% | 35.5% | - | 38.7% | 45.4% | 38.8% | 38.4% |
| ROE % | 23.8% | 16.1% | 8.5% | 13.4% | 13.0% | 14.2% | 19.8% | 24.8% | 82.1% | 75.8% | -305.0% | -734.7% | -135.8% | - | -86.4% | -155.3% | -118.0% | -45.3% |
| ROCE % | - | 16.6% | 8.1% | 12.2% | 12.7% | 12.9% | 14.0% | 15.2% | 19.2% | 21.7% | 26.6% | 22.9% | 27.9% | - | 32.2% | 34.6% | 39.6% | 44.2% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.89% | 5.74M | $3.62B |
| 2 | Vanguard Capital Management LLC | 6.39% | 4.65M | $2.94B |
| 3 | Vanguard Portfolio Management LLC | 5.53% | 4.02M | $2.54B |
| 4 | State Street Corporation | 4.28% | 3.11M | $1.97B |
| 5 | BAMCO Inc. | 3.71% | 2.70M | $1.70B |
| 6 | Morgan Stanley | 3.08% | 2.24M | $1.42B |
| 7 | Geode Capital Management, LLC | 2.75% | 2.00M | $1.26B |
| 8 | T. Rowe Price Investment Management, Inc. | 2.07% | 1.51M | $951.61M |
| 9 | Edgewood Management Llc | 1.93% | 1.40M | $885.19M |
| 10 | Principal Financial Group, Inc. | 1.85% | 1.35M | $850.49M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MSCI