Financial insights of MSCI

MyFinsight

For the year ending 2025-12-31, MSCI made $3,134,459K in revenue. $1,202,305K in net income. Net profit margin of 38.36%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating revenues	3,134,459	2,856,128	2,528,920	2,248,598
Cost of revenues (exclusive of depreciation and amortization)	550,366	514,382	446,581	404,341
Selling and marketing	319,829	291,220	276,204	264,583
Research and development	177,596	158,653	132,121	107,205
General and administrative	180,216	182,340	153,967	146,857
Amortization of intangible assets	169,480	164,037	114,429	91,079
Depreciation and amortization of property, equipment and leasehold improvements	23,405	16,978	21,009	26,893
Total operating expenses	1,420,892	1,327,610	1,144,311	1,040,958
Operating income	1,713,567	1,528,518	1,384,609	1,207,640
Interest income	16,012	21,277	34,479	11,769
Interest expense	209,889	185,500	186,679	171,571
Gain on remeasurement of equity method investment	0	0	143,029	-
Other expense (income)	-25,434	-8,127	-6,377	-3,997
Other expense (income), net	-219,311	-172,350	-15,548	-163,799
Income before provision for income taxes	1,494,256	1,356,168	1,369,061	1,043,841
Provision for income taxes	291,951	247,040	220,469	173,268
Net income	1,202,305	1,109,128	1,148,592	870,573

Basic (in usd per share)	15.72	14.09	14.45	10.78
Basic (in usd per share)	76,504,000	78,710,000	79,462,000	80,746,000
Diluted (in usd per share)	15.69	14.05	14.39	10.72
Diluted (in usd per share)	76,636,000	78,960,000	79,843,000	81,215,000