MSCI Inc. income statement & cash flow
In the fiscal year ended Dec 31, 2025, MSCI Inc. reported net income of $1.20B on revenue of $3.13B. Operating cash flow was $1.59B and capital expenditures were $39.32M, leaving $1.55B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | 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 | $2.04B | $2.25B | $2.53B | $2.86B | $3.13B |
| Operating income | $488.10M | $579.77M | $686.90M | $755.70M | $884.76M | $1.07B | $1.21B | $1.38B | $1.53B | $1.71B |
| Net income | $260.86M | $303.97M | $507.88M | $563.65M | $601.82M | $725.98M | $870.57M | $1.15B | $1.11B | $1.20B |
| Diluted EPS | $2.70 | $3.31 | $5.66 | $6.59 | $7.12 | $8.70 | $10.72 | $14.39 | $14.05 | $15.69 |
| Operating cash flow | $442.36M | $404.16M | $612.76M | $709.52M | $811.11M | $936.07M | $1.10B | $1.24B | $1.50B | $1.59B |
| Capital expenditures | $32.28M | $33.18M | $30.26M | $29.12M | $21.83M | $13.51M | $13.62M | $22.76M | $33.76M | $39.32M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 54.7% | 38.4% |
| Dec 2024 | — | 53.5% | 38.8% |
| Dec 2023 | — | 54.8% | 45.4% |
| Dec 2022 | — | 53.7% | 38.7% |
| Dec 2021 | — | 52.5% | 35.5% |
Source: SEC EDGAR XBRL company facts for CIK 1408198 (raw data). Most recent filing in this dataset: 10-Q filed Oct 20, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.