MSCI Inc. (MSCI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 709M | 679.15M | 660.9M | 635.01M | 609.04M | 611.94M | 598.51M | 579.84M | 551.45M | 567.55M | 520.13M | 511.09M | 483.57M | 473.82M | 462.22M | 451.04M | 457.17M | 453.94M | 427.43M | 410.85M |
| Gross Margin % | 83.33% | 82.57% | 83.3% | 82.18% | 81.66% | 82.3% | 82.59% | 81.9% | 81.1% | 82.24% | 83.16% | 82.28% | 81.65% | 82.23% | 82.45% | 81.74% | 81.65% | 82.56% | 82.66% | 82.47% |
| Gross Profit Growth % | 16.41% | 10.98% | 10.42% | 9.52% | 10.44% | 7.82% | 15.07% | 13.45% | 14.04% | 19.78% | 12.53% | 13.31% | 5.77% | 4.38% | 8.14% | 9.78% | 16.43% | 23.44% | 20.53% | 21.14% |
| Operating Expenses | 252.1M | 215.53M | 213.21M | 209.78M | 232.01M | 206.75M | 197.18M | 197.23M | 212.07M | 196.8M | 166.82M | 165.14M | 168.97M | 165.07M | 152.69M | 150.66M | 168.2M | 173.35M | 147.19M | 153.32M |
| OpEx % of Revenue | 29.63% | 26.2% | 26.87% | 27.15% | 31.11% | 27.81% | 27.21% | 27.86% | 31.19% | 28.52% | 26.67% | 26.59% | 28.53% | 28.65% | 27.23% | 27.3% | 30.04% | 31.53% | 28.47% | 30.78% |
| Selling, General & Admin | 154.7M | 126.02M | 121.66M | 116.56M | 135.8M | 121.22M | 112.32M | 111.16M | 128.86M | 115.6M | 103.41M | 103.64M | 107.52M | 105.78M | 96.25M | 97.8M | 111.62M | 113.58M | 97.93M | 88.37M |
| SG&A % of Revenue | 18.18% | 15.32% | 15.33% | 15.09% | 18.21% | 16.3% | 15.5% | 15.7% | 18.95% | 16.75% | 16.53% | 16.69% | 18.16% | 18.36% | 17.17% | 17.72% | 19.93% | 20.66% | 18.94% | 17.74% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 456.9M | 463.62M | 447.69M | 425.23M | 377.02M | 405.19M | 401.33M | 382.61M | 339.38M | 370.75M | 353.31M | 345.95M | 314.6M | 308.75M | 309.53M | 300.38M | 288.98M | 280.59M | 280.23M | 257.53M |
| Operating Margin % | 53.7% | 56.37% | 56.42% | 55.03% | 50.55% | 54.5% | 55.38% | 54.04% | 49.91% | 53.72% | 56.49% | 55.69% | 53.12% | 53.58% | 55.21% | 54.44% | 51.61% | 51.03% | 54.19% | 51.69% |
| Operating Income Growth % | 21.19% | 14.42% | 11.55% | 11.14% | 11.09% | 9.29% | 13.59% | 10.6% | 7.88% | 20.08% | 14.14% | 15.17% | 8.87% | 10.04% | 10.46% | 16.64% | 13.6% | 19.87% | 23.11% | 19.69% |
| EBITDA | 504.7M | 512M | 500.78M | 480.56M | 431.57M | 457.93M | 455.35M | 433.63M | 387.88M | 419.03M | 391.18M | 383.11M | 350.51M | 344.99M | 346.1M | 335.52M | 323.52M | 315.92M | 307.27M | 300.95M |
| EBITDA Margin % | 59.32% | 62.25% | 63.12% | 62.19% | 57.87% | 61.59% | 62.83% | 61.25% | 57.04% | 60.72% | 62.54% | 61.68% | 59.19% | 59.87% | 61.73% | 60.8% | 57.78% | 57.46% | 59.42% | 60.41% |
| EBITDA Growth % | 16.94% | 11.81% | 9.98% | 10.82% | 11.26% | 9.28% | 16.4% | 13.19% | 10.66% | 21.46% | 13.03% | 14.18% | 8.34% | 9.2% | 12.64% | 11.49% | 14.44% | 20.52% | 20.27% | 23.99% |
| D&A (Non-Cash Add-back) | 47.8M | 48.38M | 53.09M | 55.33M | 54.55M | 52.74M | 54.02M | 51.02M | 48.5M | 48.28M | 37.87M | 37.16M | 35.91M | 36.24M | 36.57M | 35.14M | 34.55M | 35.33M | 27.04M | 43.42M |
| EBIT | 456.9M | 452.43M | 450.13M | 424.02M | 377.56M | 408.85M | 403.62M | 386.63M | 340.89M | 514.83M | 364.56M | 353.77M | 322.58M | 311.27M | 313.37M | 301.12M | 289.66M | 286.1M | 242.79M | 235.25M |
| Net Interest Income | -66.3M | -59.49M | -48.51M | -43.26M | -42.62M | -41.6M | -41.47M | -40.52M | -40.63M | -43.55M | -36.59M | -36.21M | -35.84M | -39M | -40.22M | -40.16M | -40.42M | -39.97M | -41.74M | -39.21M |
| Interest Income | 2.8M | 4.1M | 5.11M | 2.93M | 3.88M | 3.9M | 5.22M | 6.11M | 6.05M | 3.4M | 10.31M | 10.4M | 10.36M | 6.61M | 3.94M | 924K | 298K | 368K | 396K | 347K |
| Interest Expense | 69.1M | 63.59M | 53.62M | 46.18M | 46.49M | 45.51M | 46.69M | 46.63M | 46.67M | 46.95M | 46.9M | 46.62M | 46.21M | 45.61M | 44.16M | 41.09M | 40.71M | 40.34M | 42.14M | 39.56M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 389.2M | 388.84M | 396.51M | 377.84M | 331.07M | 363.35M | 356.94M | 339.99M | 295.89M | 467.88M | 317.66M | 307.16M | 276.37M | 265.66M | 269.2M | 260.03M | 248.94M | 245.76M | 200.65M | 195.69M |
| Pretax Margin % | 45.75% | 47.27% | 49.97% | 48.9% | 44.39% | 48.87% | 49.25% | 48.03% | 43.52% | 67.8% | 50.79% | 49.45% | 46.67% | 46.11% | 48.02% | 47.12% | 44.46% | 44.7% | 38.8% | 39.28% |
| Income Tax | -16.8M | 104.17M | 71.12M | 74.19M | 42.47M | 57.83M | 76.03M | 73.24M | 39.94M | 64.5M | 58M | 60.33M | 37.64M | 50.69M | 52.61M | 49.45M | 20.52M | 51.9M | 30.77M | 30.27M |
| Effective Tax Rate % | -4.32% | 26.79% | 17.94% | 19.64% | 12.83% | 15.92% | 21.3% | 21.54% | 13.5% | 13.78% | 18.26% | 19.64% | 13.62% | 19.08% | 19.54% | 19.01% | 8.24% | 21.12% | 15.34% | 15.47% |
| Net Income | 406M | 284.67M | 325.39M | 303.65M | 288.6M | 305.51M | 280.9M | 266.76M | 255.95M | 403.38M | 259.66M | 246.82M | 238.73M | 214.97M | 216.59M | 210.59M | 228.42M | 193.87M | 169.88M | 165.42M |
| Net Margin % | 47.72% | 34.61% | 41.01% | 39.3% | 38.7% | 41.09% | 38.76% | 37.68% | 37.64% | 58.45% | 41.52% | 39.74% | 40.31% | 37.31% | 38.63% | 38.16% | 40.79% | 35.26% | 32.85% | 33.21% |
| Net Income Growth % | 40.68% | -6.82% | 15.84% | 13.83% | 12.75% | -24.26% | 8.18% | 8.08% | 7.22% | 87.64% | 19.88% | 17.21% | 4.51% | 10.89% | 27.5% | 27.3% | 16.06% | 24.1% | -6.84% | 43.69% |
| Net Income (Continuing) | 406M | 284.67M | 325.39M | 303.65M | 288.6M | 305.51M | 280.9M | 266.76M | 255.95M | 403.38M | 259.66M | 246.82M | 238.73M | 214.97M | 216.59M | 210.59M | 228.42M | 193.87M | 169.88M | 165.42M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 5.53 | 3.68 | 4.24 | 3.92 | 3.71 | 3.90 | 3.57 | 3.37 | 3.22 | 5.07 | 3.27 | 3.09 | 2.97 | 2.67 | 2.68 | 2.59 | 2.78 | 2.32 | 2.03 | 1.99 |
| EPS Growth % | 49.06% | -5.64% | 18.77% | 16.32% | 15.22% | -23.08% | 9.17% | 9.06% | 8.42% | 89.89% | 22.01% | 19.3% | 6.83% | 15.09% | 32.02% | 30.15% | 17.8% | 24.06% | -6.02% | 46.32% |
| EPS (Basic) | 5.54 | 3.69 | 4.25 | 3.92 | 3.72 | 3.90 | 3.58 | 3.37 | 3.23 | 5.10 | 3.28 | 3.10 | 2.98 | 2.69 | 2.69 | 2.60 | 2.80 | 2.35 | 2.06 | 2.01 |
| Diluted Shares Outstanding | 73.4M | 77.29M | 77.29M | 77.5M | 77.81M | 78.36M | 78.73M | 79.25M | 79.51M | 79.5M | 79.5M | 79.91M | 80.48M | 80.42M | 80.87M | 81.3M | 82.29M | 83.58M | 83.55M | 83.3M |
| Basic Shares Outstanding | 73.3M | 77.16M | 77.16M | 77.4M | 77.63M | 78.36M | 78.5M | 79.08M | 79.19M | 79.11M | 79.12M | 79.59M | 80.04M | 79.99M | 80.5M | 80.92M | 81.59M | 82.47M | 82.47M | 82.45M |
| Dividend Payout Ratio | 37.07% | 47.47% | 42.37% | 46.02% | 49.82% | 40.96% | 44.77% | 47.58% | 51.3% | 27.11% | 42.12% | 44.61% | 46.98% | 46.59% | 46.55% | 39.97% | 38.42% | 44.34% | 50.59% | 38.97% |