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MSCIMSCI Inc.
$608.09$44.3B
Overview & Verdict
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MSCI logoMSCI Inc.(MSCI)Earnings, Financials & Key Ratios

MSCI•NYSE•Banking & Credit
$608.09
39.1× P/E·Price updated Jul 7, 2026
SectorFinancial ServicesIndustryFinancial Data & ExchangesSub-IndustryIndexes, Benchmarks and Ratings
AboutMSCI Inc., together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, 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, and service that provides an integrated view of risk and return, and an analysis of market, credit, liquidity, and counterparty risk across asset classes; managed services, including consolidation of client portfolio data from various sources, 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 ESG and Climate segment provides products and services that help institutional investors understand how ESG factors impact the long-term risk and return of their portfolio and individual security-level investments; and data, ratings, research, and tools to help investors navigate increasing regulation. The All Other Private Assets segment includes real estate market and transaction data, benchmarks, return-analytics, climate assessments and market insights for funds, investors, and managers; business intelligence to real estate owners, managers, developers, and brokers; and offers investment decision support tools for private capital. It serves asset owners and managers, financial intermediaries, wealth managers, real estate professionals, and corporates. MSCI Inc. was incorporated in 1998 and is headquartered in New York, New York.Show more
  • Net Interest Income-$194M-18.1%
  • Total Revenue$3.13B+9.7%
  • Net Income$1.2B+8.4%
  • Net Interest Margin-3.4%-12.7%
  • Efficiency Ratio27.77%-2.5%
  • ROA21.57%+6.6%
  • Equity / Assets-46.55%-169.7%
  • Book Value per Share-34.35-188.5%

MSCI Price & Volume

MSCI Inc. (MSCI) stock price & volume — 10-year historical chart

Loading chart...

Recurring Revenue Growth Supports Aggressive Capital Returns

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Strong
Financial:Strained
Cash Flow:Robust
Primary Risk:Negative equity from buybacks

Key Thesis Takeaways

  • MSCI maintains a dominant competitive moat through its subscription-based indexing and analytics business, which has driven revenue from $680.0M in 2024Q1 to $850.8M by 2026Q1.
  • While the firm exhibits exceptional operational leverage with gross margins consistently exceeding 81%, investors should monitor the risks associated with a negative equity position of $2.8B and rising debt levels used to fund aggressive share repurchases.
  • The long-term outlook remains supported by the firm's ability to scale intellectual property, though regulatory scrutiny of ESG methodologies may necessitate increased compliance spending that could pressure current 54% operating margins.

Verdict Logic

while the firm's ability to generate significant cash is evident in its 59.4% FCF margin, the current P/E of 35.66 and negative equity position suggest that the valuation may already reflect the company's aggressive capital allocation strategy.

MSCI Growth Metrics

MSCI Inc. (MSCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.29%
5 Years13.08%
3 Years11.71%
TTM-

Profit CAGR

10 Years18.32%
5 Years14.84%
3 Years11.36%
TTM15.58%

EPS CAGR

10 Years22.59%
5 Years16.92%
3 Years13.22%
TTM19.38%

Return on Capital

10 Years29.82%
5 Years35.6%
3 Years39.65%
Last Year44.32%

MSCI Recent Earnings

MSCI Inc. (MSCI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 21, 2026
Metric
Actual
Est
EPS
$4.55+2.5%
$4.44
Rev
$851M+1.5%
$838M
Q1 2026
Jan 28, 2026
Metric
Actual
Est
EPS
$4.66+1.3%
$4.60
Rev
$823M+0.0%
$822M
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$4.47+2.1%
$4.38
Rev
$793M-0.5%
$797M
Q3 2025
Jul 22, 2025
Metric
Actual
Est
EPS
$4.17+0.5%
$4.15
Rev
$773M+0.3%
$770M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 21, 2026
$4.55vs $4.44+2.5%
$851Mvs $838M+1.5%
Q1 2026Jan 28, 2026
$4.66vs $4.60+1.3%
$823Mvs $822M+0.0%
Q4 2025Oct 28, 2025
$4.47vs $4.38+2.1%
$793Mvs $797M-0.5%
Q3 2025Jul 22, 2025
$4.17vs $4.15+0.5%
$773Mvs $770M+0.3%
Based on last 12 quarters of dataView full earnings history →

Latest MSCI News

Recent stock market news and headlines for MSCI Inc. (MSCI)

247 Wallst·6 days ago
Live Nasdaq Composite: Markets Kick Off H2 2026 on Cautious Note amid Chip Stock Profit Taking

Live Updates Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now. Wells Fargo's Q3 Outlook 51 minutes ago Live Wells Fargo is betting on a strong summer for stocks, telling clients the Q3 sets up nicely for a rally before midterm election... Live Nasdaq Composite: Markets Kick Off H2 2026 on Cautious Note amid Chip Stock Profit Taking

Seeking Alpha·Jun 25, 2026
MSCI Inc. (MSCI) Discusses Strategic Priorities and Innovation in Private Assets Business Transcript

MSCI Inc. (MSCI) Discusses Strategic Priorities and Innovation in Private Assets Business Transcript

Business Wire·Jun 24, 2026
MSCI Acquires First Street to Enhance Physical Climate Risk Capabilities for Financial Decision Making

NEW YORK--(BUSINESS WIRE)--MSCI Inc. (NYSE: MSCI) is enhancing its global physical climate risk capabilities with the acquisition of First Street, a leading provider of physics-based climate risk data and analytics for every property in the world. Investors, financial institutions and companies are demanding physical climate risk insights embedded directly into investment and risk workflows to inform critical financial decision making, as climate-related physical risks accelerate globally. Firs.

Business Wire·Jun 23, 2026
MSCI Announces the Results of the MSCI 2026 Market Classification Review

NEW YORK--(BUSINESS WIRE)--MSCI released the results of the MSCI 2026 Market Classification Review. Key takeaways from this year's review include: Reclassification of Bulgaria from Standalone to Frontier Market status Assessment of shareholder transparency and coordinated trading concerns in the Indonesian and Turkish equity markets, acknowledging the announced steps undertaken by both markets to address these matters and noting the continued potential for future consultations on the appropriat.

Business Wire·Jun 22, 2026
MSCI to Host Q&A Session on Private Assets and AI-Enabled Innovation on June 25, 2026

NEW YORK--(BUSINESS WIRE)--MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI) will host a Q&A webinar to provide updates on MSCI's Private Assets business, including strategic priorities, recent product innovation and AI-enabled capabilities. The webinar will include Luke Flemmer, Head of Private Assets and Jeremy Ulan, Head of Investor Relations and Treasurer, and will be moderated by Alex Kramm, Managing Director and Senior Equity Research Analyst at UBS. The virtual event will be available.

Peers Comparison

Key metrics vs top competitors for MSCI Inc. (MSCI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MSCI logoMSCIMSCI Inc.Current
$608.09$44.27B39.089.74%38.36%—1.18%
SPGI logoSPGIS&P Global Inc.
$443.46$131.26B30.257.94%30.37%12.92%—
ICE logoICEIntercontinental Exchange, Inc.
$136.45$77.16B23.657.46%29.98%13.54%—
MCO logoMCOMoody's Corporation
$500.49$88.74B36.618.89%31.69%64.11%—
FTNT logoFTNTFortinet, Inc.
$158.67$117.4B65.3014.17%27.49%155.65%—
FDS logoFDSFactSet Research Systems Inc.
$258.30$9.19B16.615.39%23.21%26.58%—

Compare MSCI vs Peers

MSCI Inc. (MSCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SPGI

Most directly comparable listed peer for MSCI.

Scale Benchmark

vs WFC

Larger-name benchmark to compare MSCI against a more recognizable public peer.

Peer Set

Compare Top 5

vs SPGI, ICE, MCO, FTNT

MSCI SEC Filings & Documents

MSCI Inc. (MSCI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 23, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Mar 31, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 6, 2026·SEC

FY 2025

Feb 7, 2025·SEC

FY 2024

Feb 9, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 21, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Apr 22, 2025·SEC

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MSCI Frequently Asked Questions

MSCI Inc. (MSCI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is MSCI Inc. growing?

MSCI Inc. (MSCI) grew revenue by 9.7% over the past year. This is steady growth.

Is MSCI profitable?

Yes, MSCI Inc. (MSCI) is profitable, generating $1.32B in net income for fiscal year 2025 (38.4% net margin).

Dividend & Returns
Does MSCI pay dividends?

Yes, MSCI Inc. (MSCI) pays a dividend with a yield of 1.18%. This makes it attractive for income-focused investors.

Industry Metrics
What is MSCI Inc.'s net interest margin?

MSCI Inc. (MSCI) has a net interest margin (NIM) of -3.4%. NIM has been under pressure due to interest rate environment.

What is MSCI Inc.'s efficiency ratio?

MSCI Inc. (MSCI) has an efficiency ratio of 27.8%. This is excellent, indicating strong cost control.

What if you invested $1,000 in MSCI back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →