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MSCI income statement

In fiscal 2025, MSCI reported revenue of $3.13bn, up 9.7% on the year before, operating income of $1.71bn (a 54.7% margin) and net income of $1.20bn, or $15.69 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Nov 20092010Nov 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue4436639018279139971,0751,1511,2741,4341,5581,6952,0442,2492,5292,8563,1343,432
Cost of revenue————241277268252274287295292——————
Gross profit————6737208078991,0001,1471,2631,404——————
Research and development————61717775768198101112107132159178184
Selling, general and administrative136190213212232279————————————
Selling and marketing——————162167177193219216243265276291320346
General and administrative——————868788100110115148147154182180206
Operating income1512063223183403374044885806877568851,0731,2081,3851,5291,7141,910
Interest expense20515656263262102116133148156160172187186210278
Income before tax1321532632613133083503864676306036868581,0441,3691,3561,4941,623
Income tax506190961131091201251631224084132173220247292240
Net income82921731842232842242613045085646027268711,1491,1091,2021,384
Diluted EPS$0.80$0.81$1.41$1.48$1.83$2.43$2.03$2.70$3.31$5.66$6.59$7.12$8.70$10.72$14.39$14.05$15.69$18.87
Diluted shares (average)101m113m122m123m121m117m110m97m92m90m86m85m83m81m80m79m77m73m
EBITDA1632243413373633634355226157187869151,1021,2351,4061,5451,7371,936

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from MSCI's SEC filings (10-K and 10-Q), retrieved October 21, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to MSCI.