MSCI
MSCI Inc.
Stock
$535.95−9.44 (−1.73%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3B | $3.1B | $2.9B | $2.5B | $2.2B | $2.0B | $1.7B | $1.6B | $1.4B | $1.3B | $1.2B | $1.1B | $997M | $913M | $827M | $901M | $663M | $443M | $431M |
| Cost of revenue | $568M | $550M | $514M | $447M | $404M | $359M | $292M | $295M | $287M | $274M | $252M | $268M | $277M | $241M | $230M | $277M | $199M | $119M | $123M |
| Gross profit | $2.8B | $2.6B | $2.3B | $2.1B | $1.8B | $1.7B | $1.4B | $1.3B | $1.1B | $1.0B | $899M | $807M | $720M | $673M | $597M | $624M | $464M | $324M | $308M |
| R&D | $182M | $178M | $159M | $132M | $107M | $112M | $101M | $98M | $81M | $76M | $75M | $77M | $71M | $61M | — | — | — | — | — |
| SG&A | $536M | $500M | $474M | $430M | $411M | $391M | $331M | $329M | $293M | $265M | $254M | $248M | $279M | $232M | $212M | $213M | $190M | $136M | $138M |
| Other operating expenses | $193M | $193M | $181M | $135M | $118M | $109M | $87M | $79M | $86M | $80M | $81M | $78M | $32M | $39M | $67M | $89M | $68M | $38M | $33M |
| Operating income | $1.9B | $1.7B | $1.5B | $1.4B | $1.2B | $1.1B | $885M | $756M | $687M | $580M | $488M | $404M | $337M | $340M | $318M | $322M | $206M | $151M | $136M |
| Non-operating income | −$264M | −$219M | −$172M | −$16M | −$164M | −$215M | −$199M | −$152M | −$57M | −$113M | −$102M | −$54M | −$29M | −$28M | −$57M | −$59M | −$53M | −$19M | −$26M |
| Pretax income | $1.6B | $1.5B | $1.4B | $1.4B | $1.0B | $858M | $686M | $603M | $630M | $467M | $386M | $350M | $308M | $313M | $261M | $263M | $153M | $132M | $110M |
| Taxes | $234M | $292M | $247M | $220M | $173M | $132M | $84M | $40M | $122M | $163M | $125M | $126M | $24M | $90M | $77M | $90M | $61M | $50M | $41M |
| Net income | $1.4B | $1.2B | $1.1B | $1.1B | $871M | $726M | $602M | $564M | $508M | $304M | $261M | $224M | $284M | $223M | $184M | $173M | $92M | $82M | $68M |
| Diluted EPS | $18.28 | $15.69 | $14.05 | $14.39 | $10.72 | $8.70 | $7.12 | $6.59 | $5.66 | $3.31 | $2.70 | $2.03 | $2.43 | $1.83 | $1.48 | $1.41 | $0.81 | $0.80 | $0.66 |
| Diluted shares | — | 76.6M | 79.0M | 79.8M | 81.2M | 83.5M | 84.5M | 85.5M | 89.7M | 91.9M | 96.5M | 109.9M | 116.7M | 121.1M | 123.2M | 122.3M | 113.4M | 100.9M | 100.3M |
| Revenue growth | — | +9.7% | +12.9% | +12.5% | +10.0% | +20.5% | +8.8% | +8.6% | +12.5% | +10.7% | +7.0% | +7.9% | +9.1% | +10.4% | −8.2% | +35.9% | +49.7% | +2.8% | — |
| Gross margin | 83.0% | 82.4% | 82.0% | 82.3% | 82.0% | 82.4% | 82.8% | 81.1% | 80.0% | 78.5% | 78.1% | 75.1% | 72.2% | 73.6% | 72.2% | 69.2% | 70.0% | 73.2% | 71.4% |
| Operating margin | 55.7% | 54.7% | 53.5% | 54.8% | 53.7% | 52.5% | 52.2% | 48.5% | 47.9% | 45.5% | 42.4% | 37.6% | 33.8% | 37.3% | 38.5% | 35.7% | 31.1% | 34.1% | 31.5% |
| Net margin | 40.7% | 38.4% | 38.8% | 45.4% | 38.7% | 35.5% | 35.5% | 36.2% | 35.4% | 23.9% | 22.7% | 20.8% | 28.5% | 24.4% | 22.3% | 19.3% | 13.9% | 18.5% | 15.8% |