MSCI Chart
About

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.

Fundamentals
Scroll to Statements
Sector Financial Services Industry Financial Data & Stock E Market Cap 41.45B
Enterprise Value 47.30B Income 1.20B Sales 3.13B
Book/sh -36.09 Cash/sh 6.96 Dividend Yield 145.00%
Payout 45.89% Employees 6268 IPO
P/E 35.16 Forward P/E 25.03 PEG
P/S 13.22 P/B -15.29 P/C
EV/EBITDA 25.93 EV/Sales 15.09 Quick Ratio 0.82
Current Ratio 0.90 Debt/Eq LT Debt/Eq
EPS (ttm) 15.69 EPS next Y 22.04 EPS Growth -2.30%
Revenue Growth 10.60% Earnings 2026-04-21 ROA 19.17%
ROE ROIC Gross Margin 82.44%
Oper. Margin 55.94% Profit Margin 38.36% Shs Outstand 73.47M
Shs Float 69.40M Short Float 2.45% Short Ratio 2.03
Short Interest 52W High 626.28 52W Low 486.74
Beta 1.30 Avg Volume 645.78K Volume 347.85K
Target Price $678.31 Recom Buy Prev Close $564.41
Price $551.64 Change -2.26%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$678.31
Mean price target
2. Current target
$551.64
Latest analyst target
3. DCF / Fair value
$285.30
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$551.64
Low
$535.00
High
$719.00
Mean
$678.31

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-29 main Wells Fargo Equal-Weight → Equal-Weight $618
2026-01-29 main Evercore ISI Group Outperform → Outperform $690
2026-01-14 main Wells Fargo Equal-Weight → Equal-Weight $590
2025-10-29 main UBS Buy → Buy $710
2025-10-29 main JP Morgan Overweight → Overweight $680
2025-10-29 main Wells Fargo Equal-Weight → Equal-Weight $570
2025-10-29 main Barclays Overweight → Overweight $660
2025-10-14 main Evercore ISI Group Outperform → Outperform $611
2025-10-01 init Seaport Global — → Buy $650
2025-09-10 main JP Morgan Overweight → Overweight $655
2025-07-23 main Wells Fargo Equal-Weight → Equal-Weight $533
2025-07-21 main JP Morgan Overweight → Overweight $680
2025-07-08 main UBS Buy → Buy $700
2025-07-08 main Wells Fargo Equal-Weight → Equal-Weight $578
2025-04-23 main Evercore ISI Group Outperform → Outperform $631
2025-04-16 main JP Morgan Overweight → Overweight $650
2025-04-16 reit RBC Capital Outperform → Outperform $675
2025-04-16 main Wells Fargo Equal-Weight → Equal-Weight $530
2025-04-10 init B of A Securities — → Neutral $585
2025-04-09 main Wells Fargo Equal-Weight → Equal-Weight $532
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 6 Stock Award(Grant) at price 0.00 per share. RIEFLER LINDA H Director 2026-02-27 00:00:00 D
1 1 Stock Award(Grant) at price 0.00 per share. YANG JUNE Director 2026-02-27 00:00:00 D
2 5 Stock Award(Grant) at price 0.00 per share. MATLOCK ROBIN Director 2026-02-27 00:00:00 D
3 3681 1999556 Purchase at price 543.21 per share. ASHE ROBERT GERARD Director 2026-02-18 00:00:00 I
4 6800 3560239 Purchase at price 517.32 - 524.18 per share. FERNANDEZ HENRY A Chief Executive Officer 2026-02-17 00:00:00 D
5 1554 Stock Award(Grant) at price 0.00 per share. CRUM SCOTT A Officer 2026-01-30 00:00:00 D
6 790 Stock Award(Grant) at price 0.00 per share. READ CRAIG JACK Officer 2026-01-30 00:00:00 D
7 1825 Stock Award(Grant) at price 0.00 per share. WIECHMANN ANDREW CRAIG Chief Financial Officer 2026-01-30 00:00:00 D
8 3158 Stock Award(Grant) at price 0.00 per share. MUNARI ALVISE J. Officer 2026-01-30 00:00:00 D
9 1086 Stock Award(Grant) at price 0.00 per share. GUTOWSKI ROBERT J General Counsel 2026-01-30 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.200.180.160.17
NormalizedEBITDA1.92B1.75B1.71B1.36B
TotalUnusualItems0.000.00-16.01M
TotalUnusualItemsExcludingGoodwill0.000.00-16.01M
NetIncomeFromContinuingOperationNetMinorityInterest1.20B1.11B1.15B870.57M
ReconciledDepreciation218.57M206.28M159.22M142.50M
ReconciledCostOfRevenue524.68M489.12M422.80M379.82M
EBITDA1.92B1.75B1.71B1.36B
EBIT1.70B1.54B1.56B1.22B
NetInterestIncome-193.88M-164.22M-152.20M-159.80M
InterestExpense209.89M185.50M186.68M171.57M
InterestIncome16.01M21.28M34.48M11.77M
NormalizedIncome1.20B1.11B1.15B870.57M
NetIncomeFromContinuingAndDiscontinuedOperation1.20B1.11B1.15B870.57M
TotalExpenses1.42B1.33B1.14B1.04B
TotalOperatingIncomeAsReported1.71B1.53B1.38B1.21B
DilutedAverageShares76.64M78.96M79.84M81.22M
BasicAverageShares76.50M78.71M79.46M80.75M
DilutedEPS15.6914.0514.3910.72
BasicEPS15.7214.0914.4510.78
DilutedNIAvailtoComStockholders1.20B1.11B1.15B870.57M
NetIncomeCommonStockholders1.20B1.11B1.15B870.57M
NetIncome1.20B1.11B1.15B870.57M
NetIncomeIncludingNoncontrollingInterests1.20B1.11B1.15B870.57M
NetIncomeContinuousOperations1.20B1.11B1.15B870.57M
TaxProvision291.95M247.04M220.47M173.27M
PretaxIncome1.49B1.36B1.37B1.04B
OtherIncomeExpense-25.43M-8.13M136.65M-4.00M
OtherNonOperatingIncomeExpenses-25.43M-8.13M-6.38M-4.00M
SpecialIncomeCharges0.000.00-16.01M
ImpairmentOfCapitalAssets0.000.0016.01M
EarningsFromEquityInterest0.000.00143.03M0.00
NetNonOperatingInterestIncomeExpense-193.88M-164.22M-152.20M-159.80M
InterestExpenseNonOperating209.89M185.50M186.68M171.57M
InterestIncomeNonOperating16.01M21.28M34.48M11.77M
OperatingIncome1.71B1.53B1.38B1.21B
OperatingExpense870.53M813.23M697.73M636.62M
DepreciationAmortizationDepletionIncomeStatement192.88M181.01M135.44M117.97M
DepreciationAndAmortizationInIncomeStatement192.88M181.01M135.44M117.97M
Amortization169.48M164.04M114.43M91.08M
AmortizationOfIntangiblesIncomeStatement169.48M164.04M114.43M91.08M
DepreciationIncomeStatement23.41M16.98M21.01M26.89M
ResearchAndDevelopment177.60M158.65M132.12M107.20M
SellingGeneralAndAdministration500.05M473.56M430.17M411.44M
SellingAndMarketingExpense319.83M291.22M276.20M264.58M
GeneralAndAdministrativeExpense180.22M182.34M153.97M146.86M
OtherGandA180.22M182.34M153.97M146.86M
GrossProfit2.58B2.34B2.08B1.84B
CostOfRevenue550.37M514.38M446.58M404.34M
TotalRevenue3.13B2.86B2.53B2.25B
OperatingRevenue3.13B2.86B2.53B2.25B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber60.76M56.34M54.73M53.66M
OrdinarySharesNumber73.56M77.74M79.09M79.96M
ShareIssued134.32M134.08M133.82M133.62M
NetDebt5.69B4.10B4.05B3.52B
TotalDebt6.31B4.63B4.63B4.64B
TangibleBookValue-6.41B-4.76B-4.58B-3.80B
InvestedCapital3.55B3.57B3.77B3.50B
WorkingCapital-184.94M-241.63M-98.87M497.45M
NetTangibleAssets-6.41B-4.76B-4.58B-3.80B
CapitalLeaseObligations107.53M121.15M120.13M131.57M
CommonStockEquity-2.65B-940.00M-739.76M-1.01B
TotalCapitalization3.55B3.57B3.76B3.50B
TotalEquityGrossMinorityInterest-2.65B-940.00M-739.76M-1.01B
StockholdersEquity-2.65B-940.00M-739.76M-1.01B
GainsLossesNotAffectingRetainedEarnings-51.57M-71.04M-61.35M-60.21M
OtherEquityAdjustments-51.57M-71.04M-61.35M-60.21M
TreasuryStock9.83B7.33B6.45B5.94B
RetainedEarnings5.43B4.78B4.18B3.47B
AdditionalPaidInCapital1.80B1.68B1.59B1.52B
CapitalStock1.34M1.34M1.34M1.34M
CommonStock1.34M1.34M1.34M1.34M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest8.36B6.39B6.26B6.01B
TotalNonCurrentLiabilitiesNetMinorityInterest6.53B4.80B4.74B4.75B
OtherNonCurrentLiabilities115.83M120.19M96.97M91.03M
NonCurrentDeferredLiabilities101.64M47.62M27.03M29.10M
NonCurrentDeferredTaxesLiabilities101.64M47.62M27.03M29.10M
LongTermDebtAndCapitalLeaseObligation6.31B4.63B4.62B4.63B
LongTermCapitalLeaseObligation107.53M121.15M120.13M131.57M
LongTermDebt6.20B4.51B4.50B4.50B
CurrentLiabilities1.83B1.59B1.52B1.25B
CurrentDeferredLiabilities1.23B1.12B1.08B882.89M
CurrentDeferredRevenue1.23B1.12B1.08B882.89M
CurrentDebtAndCapitalLeaseObligation10.90M8.71M
CurrentDebt10.90M8.71M
PensionandOtherPostRetirementBenefitPlansCurrent242.95M217.49M219.46M182.37M
PayablesAndAccruedExpenses354.99M244.74M202.80M176.56M
CurrentAccruedExpenses265.25M192.23M168.28M153.46M
Payables89.74M52.51M34.52M23.10M
TotalTaxPayable74.40M37.99M24.71M8.06M
IncomeTaxPayable74.40M37.99M24.71M8.06M
AccountsPayable15.34M14.52M9.81M15.04M
TotalAssets5.70B5.45B5.52B5.00B
TotalNonCurrentAssets4.06B4.10B4.10B3.25B
OtherNonCurrentAssets55.77M47.69M43.90M37.34M
NonCurrentDeferredAssets45.88M40.63M41.07M29.21M
NonCurrentDeferredTaxesAssets45.88M40.63M41.07M29.21M
InvestmentsAndAdvances0.00214.39M218.76M
LongTermEquityInvestment0.00214.39M218.76M
GoodwillAndOtherIntangibleAssets3.76B3.82B3.84B2.79B
OtherIntangibleAssets832.51M907.61M956.23M558.52M
Goodwill2.92B2.92B2.89B2.23B
NetPPE200.17M190.32M171.16M180.44M
AccumulatedDepreciation-181.00M-179.91M-211.74M-198.35M
GrossPPE381.17M370.23M382.90M378.79M
Leases53.65M56.41M58.58M54.04M
ConstructionInProgress5.78M1.54M897.00K2.37M
OtherProperties112.87M119.44M115.24M126.58M
MachineryFurnitureEquipment208.87M192.84M208.18M195.79M
Properties0.000.000.000.00
CurrentAssets1.64B1.34B1.42B1.75B
OtherCurrentAssets73.44M65.80M57.90M54.52M
RestrictedCash3.67M3.50M3.88M368.00K
PrepaidAssets69.28M48.16M59.00M36.65M
Receivables986.71M820.71M839.55M663.24M
AccountsReceivable986.71M820.71M839.55M663.24M
AllowanceForDoubtfulAccountsReceivable-6.42M-5.28M-3.97M-2.65M
GrossAccountsReceivable993.13M825.99M843.52M665.89M
CashCashEquivalentsAndShortTermInvestments511.67M405.85M457.81M993.20M
CashAndCashEquivalents511.67M405.85M457.81M993.20M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.46B1.39B1.15B1.02B
RepurchaseOfCapitalStock-2.48B-885.27M-504.19M-1.40B
RepaymentOfDebt-1.10B-559.06M-8.75M-7.19M
IssuanceOfDebt2.81B556.88M0.00355.00M
CapitalExpenditure-129.86M-115.12M-90.85M-72.89M
InterestPaidSupplementalData173.31M179.95M182.31M165.12M
IncomeTaxPaidSupplementalData222.27M201.03M240.48M180.69M
EndCashPosition515.33M409.35M461.69M993.56M
BeginningCashPosition409.35M461.69M993.56M1.42B
EffectOfExchangeRateChanges9.59M-7.41M5.41M-18.54M
ChangesInCash96.39M-44.94M-537.28M-409.35M
FinancingCashFlow-1.36B-1.40B-953.93M-1.43B
CashFlowFromContinuingFinancingActivities-1.36B-1.40B-953.93M-1.43B
NetOtherFinancingCharges-32.23M-5.75M-2.77M-21.61M
ProceedsFromStockOptionExercised6.97M0.000.000.00
CashDividendsPaid-556.52M-509.11M-440.99M-372.92M
CommonStockDividendPaid-556.52M-509.11M-440.99M-372.92M
NetCommonStockIssuance-2.48B-885.27M-504.19M-1.40B
CommonStockPayments-2.48B-885.27M-504.19M-1.40B
NetIssuancePaymentsOfDebt1.70B-2.19M-8.75M347.81M
NetLongTermDebtIssuance1.70B-2.19M-8.75M347.81M
LongTermDebtPayments-1.10B-559.06M-8.75M-7.19M
LongTermDebtIssuance2.81B556.88M0.00355.00M
InvestingCashFlow-130.06M-144.25M-819.38M-79.33M
CashFlowFromContinuingInvestingActivities-130.06M-144.25M-819.38M-79.33M
NetOtherInvestingChanges-203.00K-1.67M-1.19M-6.43M
NetBusinessPurchaseAndSale0.00-27.47M-727.34M-5.00K
PurchaseOfBusiness0.00-27.47M-727.34M-5.00K
CapitalExpenditureReported-129.86M-115.12M-90.85M-72.89M
OperatingCashFlow1.59B1.50B1.24B1.10B
CashFlowFromContinuingOperatingActivities1.59B1.50B1.24B1.10B
ChangeInWorkingCapital-24.02M72.74M2.46M-19.43M
ChangeInOtherWorkingCapital95.36M46.20M175.62M72.31M
ChangeInOtherCurrentLiabilities-22.53M-22.36M-30.60M-21.36M
ChangeInOtherCurrentAssets-15.56M402.00K-8.10M31.45M
ChangeInPayablesAndAccruedExpense111.38M37.18M35.43M-59.74M
ChangeInAccruedExpense82.21M16.03M26.75M-11.78M
ChangeInPayable29.17M21.15M8.68M-47.96M
ChangeInAccountPayable559.00K4.96M-6.04M1.34M
ChangeInTaxPayable28.61M16.18M14.72M-49.30M
ChangeInIncomeTaxPayable28.61M16.18M14.72M-49.30M
ChangeInPrepaidAssets-28.44M1.10M-20.37M-35.47M
ChangeInReceivables-164.24M10.23M-149.53M-6.62M
ChangesInAccountReceivables-164.24M10.23M-149.53M-6.62M
OtherNonCashItems21.81M2.44M11.92M6.49M
StockBasedCompensation111.34M95.20M71.65M58.09M
AssetImpairmentCharge0.000.00477.00K705.00K
DeferredTax46.67M14.33M-15.26M36.44M
DeferredIncomeTax46.67M14.33M-15.26M36.44M
DepreciationAmortizationDepletion218.57M206.28M159.22M142.50M
DepreciationAndAmortization218.57M206.28M159.22M142.50M
AmortizationCashFlow169.48M164.04M114.43M91.08M
AmortizationOfIntangibles169.48M164.04M114.43M91.08M
Depreciation49.09M42.24M44.79M51.42M
OperatingGainsLosses11.77M1.51M-143.03M59.10M
EarningsLossesFromEquityInvestments11.77M0.00-143.03M0.00
NetIncomeFromContinuingOperations1.20B1.11B1.15B870.57M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MSCI
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status