MSCI

MSCI Inc.

Ticker: MSCIIndustrialsBusiness ServicesS&P 500
HQ NEW YORK, NYCIK 1408198FY end 12-31Book / share $-36.79Shares 73M
Revenue (FY)
$3.13B+9.75%
TTM $3.33B
Op. margin
54.67%+1.15%
TTM 55.66%
Net income
$1.20B+8.40%
TTM $1.36B
Operating cash
$1.59B+5.78%
TTM $1.63B
Free cash flow
$1.46B+5.20%
TTM $1.49B
Return on equity
-45.29%+72.70%
TTM -50.49%
Debt / equity
-2.34+2.46%
TTM -2.37
Shares outstanding
76.6M-2.94%
TTM 73.1M

The business

MSCI Inc. (NYSE: MSCI) operates as a leading provider of research-based data, analytics, and indexes that serve the global investment community. The company's website is www.msci.com. MSCI helps investors worldwide understand risks and opportunities, make better investment decisions, and unlock innovation through its comprehensive suite of tools and solutions spanning the entire investment process.

The company serves approximately 6,800 clients across more than 100 countries, including asset managers, banks and brokerages, asset owners, hedge fund managers, wealth managers, insurance companies, and other financial institutions. MSCI's largest client, BlackRock, accounted for 10.8% of consolidated operating revenues, with the majority derived from fees based on assets in BlackRock's index-based products.

MSCI operates through five segments organized into three reportable divisions. The Index segment, representing 57.0% of revenues, provides market cap indexes, factor indexes, fixed income indexes, private asset indexes, sustainability and climate indexes, thematic indexes, and custom indexes across multiple asset classes and geographies. The Analytics segment comprises 22.8% of revenues and offers risk management, performance attribution, and portfolio management tools including RiskMetrics RiskManager, BarraOne, and Barra PortfolioManager. The Sustainability and Climate segment accounts for 11.3% of revenues and delivers ESG ratings, climate solutions, screening research, and regulatory reporting tools. The All Other – Private Assets segment represents 8.9% of revenues and provides data and analytics for private equity, private credit, real estate, infrastructure, and other private markets.

The company employs 6,268 people across more than 27 countries, with significant operations in Asia Pacific (51%), Europe, Middle East and Africa (24%), the United States and Canada (16%), and Mexico and Brazil (9%). MSCI's financial model is characterized by recurring revenue streams from fixed and variable fee arrangements, providing stable cash flow and predictability. The company maintains proprietary intellectual property including registered trademarks such as MSCI, Barra, and RiskMetrics, and leverages advanced technology including artificial intelligence to enhance product development and data processing capabilities.

Sector
Industrials
Industry
Business Services
HQ
NEW YORK, NY
FY end
12-31
CIK
1408198
SIC
7389
Financial performance · annual
20132025
$-333.38M$666.75M$1.67B$2.67B$3.67B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds MSCI Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

804
funds hold it
3 of 35
superinvestors hold it
$15.16B
fund-held value
36.4%
of shares held by funds
7
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%$1.24B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.06%$1.06B
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.38%$842.93M
Baron Partners Fund
BPTRX · BARON SELECT FUNDS
4.18%$755.14M
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.07%$593.65M

Superinvestors in MSCI Inc.

Polen CapitalDECREASED -27.7%
Polen Capital Management
3.2%
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.6%
Terry SmithDECREASED -17.3%
Fundsmith
0.2%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 7 issues of MSCI Inc.'s debt, $1.41B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.52%, maturing 20292036.

IssueCouponMaturesFundsFund-held
MSCI INC 5.25% 09/01/20355.250%2035-09-01142$567.12M
MSCI INC COMPANY GUAR 144A 11/29 44.000%2029-11-1558$248.56M
MSCI 3.875 02/15/31 144A3.875%2031-02-1555$155.12M
MSCI INC3.625%2030-09-0171$150.05M
MSCI INC 5.15% 03/15/20365.150%2036-03-1590$143.99M
MSCI 3.625 11/01/31 144A3.625%2031-11-0133$92.91M
MSCI 3.25 08/15/33 144A3.250%2033-08-1525$49.68M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of statements, narrative and filings — queryable over MCP.

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15 years of MSCI Inc.'s financials

Income statement, balance sheet and cash flow across 15 years, every filing with its disclosures, and each number traceable to the filing it came from — free with an account, no card required.

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