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MSCI

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons5

American financial service provider

MSCI Inc. (formerly Morgan Stanley Capital International) is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.3 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1969Founded1

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  • TickerMSCI on NYSE1
  • IndustryServices-Business Services, NEC1
  • HeadquartersNew York City1
  • Websitewww.msci.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address7 World Trade Center, 250 Greenwich Street 49Th Floor, New York, Ny 100076
  • Filer categoryLarge accelerated filer6
  • LEI549300HTIN2PD78UB7634
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O UNITED AGENT GROUP INC., 19803 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 29165964

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7 World Trade Center
Photo: Sweeneyr, CC BY-SA 3.0, via Wikimedia Commons9

MSCI Inc. (formerly Morgan Stanley Capital International) is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

54.7%Operating margin10
38.4%Net margin10
9.7%Revenue growth, 202510
$1.5BFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Recurring Subscriptions brought in 73% of the revenue MSCI broke down this way in fiscal 2025.

  1. Recurring Subscriptions$2.3B1073%up 8% from 2024
  2. Asset Based Fees$770.7M1025%up 17% from 2024
  3. Non Recurring$85.1M103%up 1% from 2024
Products and services by year
Products and services202320242025
Recurring Subscriptions$1.9B$2.1B$2.3B
Asset Based Fees$557.5M$657.5M$770.7M
Non Recurring$100.1M$84.2M$85.1M

Business segments

Index brought in 57% of the revenue MSCI broke down this way in fiscal 2025.

  1. Index$1.8B1057%up 12% from 2024
  2. Analytics$714.4M1023%up 6% from 2024
  3. Sustainability and Climate$353.9M1011%up 8% from 2024
  4. Other Operating$279.3M109%up 8% from 2024
Business segments by year
Business segments202320242025
Index$1.5B$1.6B$1.8B
Analytics$616.0M$675.1M$714.4M
Sustainability and Climate$287.6M$326.6M$353.9M
Other Operating$173.6M$258.3M$279.3M

Regions

United States brought in 40% of the revenue MSCI broke down this way in fiscal 2025.

  1. United States$1.3B1040%up 8% from 2024
  2. Other Europe Middle East And Africa Countries$698.5M1022%up 10% from 2024
  3. United Kingdom$543.5M1017%up 13% from 2024
  4. Other Asia And Australia Countries$356.8M1011%up 7% from 2024
  5. Other America Countries$140.7M104%up 9% from 2024
  6. Japan$127.6M104%up 12% from 2024
Regions by year
Regions202320242025
United States$1.0B$1.2B$1.3B
Other Europe Middle East And Africa Countries$569.0M$632.1M$698.5M
United Kingdom$408.1M$479.7M$543.5M
Other Asia And Australia Countries$295.0M$332.2M$356.8M
Other America Countries$112.0M$128.9M$140.7M
Japan$100.8M$114.2M$127.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development6¢$177.6M
  • Other costs47¢$1.5B
  • Income tax9¢$292.0M
  • Profit38¢$1.2B

Out of $3.1B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending1¢$39.3M
  • Dividends paid18¢$556.5M
  • Share buybacks81¢$2.5B

Out of $1.6B of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.10

Financial statements

Revenue1112131410$3.1B in 2025+101% since 2019
0$1.0B$2.0B$3.0B$4.0B2019: $1.6B$1.6B20192020: $1.7B$1.7B2020+9%2021: $2.0B$2.0B2021+21%2022: $2.2B$2.2B2022+10%2023: $2.5B$2.5B2023+12%2024: $2.9B$2.9B2024+13%2025: $3.1B$3.1B2025+10%
Operating income1112131410$1.7B in 2025+127% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $755.7M$755.7M20192020: $884.8M$884.8M2020+17%2021: $1.1B$1.1B2021+21%2022: $1.2B$1.2B2022+13%2023: $1.4B$1.4B2023+15%2024: $1.5B$1.5B2024+10%2025: $1.7B$1.7B2025+12%
Net income1112131410$1.2B in 2025+113% since 2019
0$500.0M$1.0B$1.5B2019: $563.6M$563.6M20192020: $601.8M$601.8M2020+7%2021: $726.0M$726.0M2021+21%2022: $870.6M$870.6M2022+20%2023: $1.1B$1.1B2023+32%2024: $1.1B$1.1B2024−3%2025: $1.2B$1.2B2025+8%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Operating revenues$3.1B$2.9B$2.5B
Cost of revenues (exclusive of depreciation and amortization)$550.4M$514.4M$446.6M
Selling and marketing$319.8M$291.2M$276.2M
Research and development$177.6M$158.7M$132.1M
General and administrative$180.2M$182.3M$154.0M
Amortization of intangible assets$169.5M$164.0M$114.4M
Depreciation and amortization of property, equipment and leasehold improvements$23.4M$17.0M$21.0M
Total operating expenses$1.4B$1.3B$1.1B
Operating income$1.7B$1.5B$1.4B
Interest income-$16.0M-$21.3M-$34.5M
Interest expense$209.9M$185.5M$186.7M
Gain on remeasurement of equity method investment$0$0-$143.0M
Other expense (income)$25.4M$8.1M$6.4M
Other expense (income), net$219.3M$172.3M$15.5M
Income before provision for income taxes$1.5B$1.4B$1.4B
Provision for income taxes$292.0M$247.0M$220.5M
Net income$1.2B$1.1B$1.1B
Basic (in USD per share)$15.72$14.09$14.45
Diluted (in USD per share)$15.69$14.05$14.39
Basic (in USD per share)76.5M shares78.7M shares79.5M shares
Diluted (in USD per share)76.6M shares79.0M shares79.8M shares

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Corporate structure

MSCI sits at the top of its group. 16 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MSCI

  • MSCI New York, New York, United States
    • Barra, LLC Subsidiary · Delaware, United States
    • Datscha UK Limited Subsidiary · London, United Kingdom
    • FABRIC RQ, INC. Subsidiary · New York, New York, United States
    • Investment Property Databank Limited Subsidiary · London, United Kingdom
    • MSCI Barra (Suisse) Sàrl Subsidiary · Switzerland
    • MSCI G.K. Subsidiary · Japan
    • MSCI LIMITED Subsidiary · London, United Kingdom
    • MSCI SERVICES PRIVATE LIMITED Subsidiary · Mumbai, India
    • MSCI SOLUTIONS (UK) LIMITED Subsidiary · London, United Kingdom
    • MSCI Solutions LLC Subsidiary · Delaware, United States
    • Real Capital Analytics Limited Subsidiary · London, United Kingdom
    • Real Capital Analytics, Inc. Subsidiary · New York, New York, United States
    • RiskMetrics Solutions, LLC Subsidiary · Delaware, United States
    • The Burgiss Group, LLC Subsidiary · New York, New York, United States
    • TROVE RESEARCH LIMITED Subsidiary · London, United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MSCI reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$192.7M10 Dec 31, 2025$177.3M10 Dec 31, 2024+8.6%
Furniture and fixtures$16.2M10 Dec 31, 2025$15.5M10 Dec 31, 2024+4.7%
Leasehold improvements$53.6M10 Dec 31, 2025$56.4M10 Dec 31, 2024−4.9%
Construction in progress$5.8M10 Dec 31, 2025$1.5M10 Dec 31, 2024+274.8%
Property and equipment, before depreciation$268.3M10 Dec 31, 2025$250.8M10 Dec 31, 2024+7.0%
Accumulated depreciation$181.0M10 Dec 31, 2025$179.9M10 Dec 31, 2024+0.6%
Property and equipment, net$87.3M10 Dec 31, 2025$70.9M10 Dec 31, 2024+23.2%
Operating-lease assets (leased space)$112.9M10 Dec 31, 2025$119.4M10 Dec 31, 2024−5.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$515.3M10 Dec 31, 2025$409.4M10 Dec 31, 2024+25.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.9B10 Dec 31, 2025$2.9B10 Dec 31, 2024+0.3%
Indefinite-lived intangibles (excluding goodwill)$010 Dec 31, 2025$010 Dec 31, 2024
Finite-lived intangibles, gross$2.0B10 Dec 31, 2025$2.0B10 Dec 31, 2024+4.9%
Accumulated amortization$1.2B10 Dec 31, 2025$1.0B10 Dec 31, 2024+16.4%
Finite-lived intangibles, net$832.5M10 Dec 31, 2025$907.6M10 Dec 31, 2024−8.3%

Properties, in its own words

As of December 31, 2025, our principal offices consisted of the following leased properties:

Location · Square Feet · Expiration Date

The rest of Item 2

New York, New York · 125,811 · (1) · February 28, 2033

Budapest, Hungary · 70,833 · (2) · February 28, 2029

Mumbai, India · 63,143 · July 31, 2032

Monterrey, Mexico · 56,213 · October 31, 2028

London, England · 30,519 · December 25, 2026

Pune, India · 24,434 · February 28, 2029

Manila, Philippines · 20,904 · February 28, 2027

Stellenbosch, South Africa · 18,611 · September 30, 2031

Coimbatore, India · 17,960 · August 27, 2026

Sofia, Bulgaria · 11,582 · October 14, 2027

(1)As of December 31, 2025, 41,759 square feet of this location have been subleased.

(2)As of December 31, 2025, 17,059 square feet of this location have been subleased.

As of December 31, 2025, we had more than 30 leased and occupied locations of which the principal offices are listed above. We believe that our properties are in good operating condition and adequately serve our current business operations. With respect to leased properties scheduled to expire in the near term, we expect to continue to maintain an office presence in those locations through renewals, replacement leases, or other suitable arrangements. We anticipate that suitable additional or alternative space, including those under lease options, will be available at commercially reasonable terms for future expansion.

Item 2 of the 10-K filed Feb 6, 2026.18

The story

In 1968, Capital International published indices covering the global stock market for non-U.S. markets. In 1986, Morgan Stanley licensed the rights to the indices from Capital International and branded the indices as the Morgan Stanley Capital International (MSCI) indices. By the 1980s, the MSCI indices were the primary benchmark indices outside of the U.S. before being joined by FTSE, Citibank, and Standard & Poor's. After Dow Jones started float weighting its index funds, MSCI followed. In 2004, MSCI acquired Barra, Inc., to form MSCI Barra. In mid-2007, parent company Morgan Stanley decided to divest MSCI. This was followed by an initial public offering of a minority of stock in November 2007. The divestment was completed in 2009. The company is headquartered in New York City.

Some companies in MSCI's peer group include Glass Lewis, Factset, Sovereign Wealth Fund Institute, and S&P.

Acquisitions

In 2010, MSCI acquired RiskMetrics Group, Inc. and Measurisk.

In 2012, MSCI acquired Investment Property Databank.

In 2013, MSCI acquired Investor Force from ICG Group (formerly Internet Capital Group).

In August 2014, MSCI acquired GMI Ratings.

In October 2019, MSCI acquired Carbon Delta, a Zurich-based climate change analytics company.

In September 2021, MSCI acquired Real Capital Analytics.

Read the full text

In August 2023, MSCI completed the acquisition of New Jersey–based private assets data provider, Burgiss Group for $697 million.

Collaborations

In October 2021, MSCI and Cboe Global Markets signed a licensing agreement that would see MSCI grow its options product suite and allow them to work on other projects as well.

In April 2022, MSCI entered into a collaboration with MarketAxess to incorporate MSCI's environmental, social, and governance (ESG) data and MarketAxess' pricing and liquidity indicators into fixed income indices in order to construct portfolios based on this data.

From Wikipedia’s article on MSCI, shared under CC BY-SA 4.0.7

Leadership

Who has led MSCI, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Henry A. Fernandez2007–now

Chair

  1. Henry A. Fernandez2007–now

President

  1. Henry A. Fernandez2007–2017
  2. Cd Baer Pettit2018–now

Chief financial officer

  1. Michael K. Neborak2007–2010
  2. David M. Obstler2010–2012
  3. Robert Qutub2013–2016
  4. Kathleen A. Winters2016–2019
  5. Andrew C. Wiechmann2019
  6. Linda Huber2019–2020

Chief operating officer

  1. David C. Brierwood2007–2014
  2. Cd Baer Pettit2015–2018
  3. Laurent Seyer2018–2019
197019801990200020102020
Board members and other officers (40)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Barra, LLC Delaware, U.S.A.8
  • Investment Property Databank Limited United Kingdom8
  • MSCI Barra (Suisse) Sàrl Switzerland8
  • MSCI G.K. Japan8
  • MSCI Limited United Kingdom8
  • MSCI Solutions (UK) Limited United Kingdom8
  • MSCI Solutions LLC Delaware, U.S.A.8
  • Real Capital Analytics, Inc. New York, U.S.A.8
  • RiskMetrics Solutions, LLC Delaware, U.S.A.8
  • The Burgiss Group, LLC New Jersey, U.S.A.8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 7, 20268-K Executive or director change70
  2. Jul 21, 20268-K Results of operations71
  3. Apr 23, 20268-K Shareholder vote72
  4. Apr 21, 20268-K Results of operations73
  5. Mar 31, 20268-K Executive or director change74
  6. Jan 28, 20268-K Results of operations75
  7. Jan 28, 20268-K Entered a material agreement76
  8. Nov 17, 20258-K Executive or director change; Regulation FD disclosure77
  9. Nov 6, 20258-K Regulation FD disclosure; Other events78
  10. Oct 28, 20258-K Results of operations; Other events79
  11. Sep 8, 20258-K Regulation FD disclosure80
  12. Aug 20, 20258-K Entered a material agreement; New debt or obligation81
  13. Nov 15, 2007Went public Listed on NYSE1
  14. Nov 14, 2007New chief executive Henry A. Fernandez becomes CEO19
  15. 1969Founded Founded1

Calendar

Coming up

  1. Oct 20, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $4.47 a share, on Oct 28, 2025.82

When it reported results

  1. Jul 21, 2026Reported quarterly or annual results71
  2. Apr 21, 2026Reported quarterly or annual results73
  3. Jan 28, 2026Reported quarterly or annual results75
  4. Oct 28, 2025Reported quarterly or annual results79
  5. Jul 22, 2025Reported quarterly or annual results83
  6. Apr 22, 2025Reported quarterly or annual results84
  7. Jan 29, 2025Reported quarterly or annual results85
  8. Oct 29, 2024Reported quarterly or annual results86

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

364 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 53 major events, 239 insider forms, 11 large holders, 41 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 13, 2026144 EDGAR
  3. Sep 4, 20264 EDGAR
  4. Sep 1, 20264 EDGAR
  5. Sep 1, 20264 EDGAR
  6. Sep 1, 20264 EDGAR
  7. Aug 7, 20268-K EDGAR
  8. Jul 21, 202610-Q EDGAR
  9. Jul 21, 20268-K EDGAR
  10. Jun 12, 20264 EDGAR
  11. Jun 10, 2026144 EDGAR
  12. Jun 4, 20264 EDGAR
  13. Jun 2, 20264 EDGAR
  14. Jun 2, 20264 EDGAR
  15. Jun 2, 20264 EDGAR
  16. May 18, 20264 EDGAR
  17. May 5, 20264 EDGAR
  18. May 5, 20264 EDGAR
  19. May 5, 20264 EDGAR
  20. May 5, 20264 EDGAR

The 364 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

39 open-market trades by officers, directors and large owners since October 2021: 12 buys and 27 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 2, 2026Taneja RajatDirectorBuy1,786$560.00$1.0MForm 4
Jun 10, 2026Wiechmann Andrew C.Chief Financial OfficerSale450$604.56$272.1KForm 4
May 15, 2026Fernandez Henry AChairman and CEOBuy4,000$562.40$2.2MForm 4
Apr 24, 2026Munari Alvise J.Chief Product OfficerSale10,000$592.04$5.9MForm 4
Mar 17, 2026Wiechmann Andrew C.Chief Financial OfficerSale450$560.00$252.0KForm 4
Feb 18, 2026Ashe Robert G.DirectorBuy3,681$543.21$2.0MForm 4
Feb 17, 2026Fernandez Henry AChairman and CEOBuy800$518.95$415.2KForm 4
Feb 13, 2026Fernandez Henry AChairman and CEOBuy6,000$524.18$3.1MForm 4
Dec 11, 2025Wiechmann Andrew C.Chief Financial OfficerSale450$550.00$247.5KForm 4
Dec 5, 2025Fernandez Henry AChairman and CEOBuy12,500$536.14$6.7MForm 4
Nov 24, 2025Gutowski Robert J.General CounselSale624$558.42$348.5KForm 4
Jul 25, 2025Fernandez Henry AChairman and CEOBuy84$548.69$46.1KForm 4
Jul 24, 2025Fernandez Henry AChairman and CEOBuy12,316$542.83$6.7MForm 4
Jun 5, 2025Pettit CD BaerPresidentSale5,000$563.62$2.8MForm 4
May 5, 2025Pettit CD BaerPresidentSale5,000$552.59$2.8MForm 4
Apr 4, 2025Pettit CD BaerPresidentSale5,000$524.25$2.6MForm 4
Mar 5, 2025Pettit CD BaerPresidentSale5,000$568.36$2.8MForm 4
Feb 24, 2025Fernandez Henry AChairman and CEOBuy5,300$574.51$3.0MForm 4
Dec 5, 2024Fernandez Henry AChairman and CEOBuy2,900$612.80$1.8MForm 4
Aug 28, 2024Gutowski Robert J.General CounselSale1,816$575.00$1.0MForm 4

All 39 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Henry A. FernandezChairman, Chief Executive Officer and President$1.0M$33.3M91
2025C.D. Baer PettitFormer President and COO$824.0K$9.9M91
2025Alvise J. MunariChief Product Officer and Head of Client Segments$663.6K$5.0M91
2025Andrew C. WiechmannChief Financial Officer$600.0K$4.4M91
2025Scott A. CrumChief Human Resources Officer$550.0K$3.8M91
2024Henry A. FernandezChairman, Chief Executive Officer and President$1.0M$15.7M91
2024C.D. Baer PettitFormer President and COO$798.7K$9.0M91
2024Andrew C. WiechmannChief Financial Officer$550.0K$4.0M91
2024Scott A. CrumChief Human Resources Officer$550.0K$3.4M91
2023Henry A. FernandezChairman, Chief Executive Officer and President$1.0M$13.8M91
2023C.D. Baer PettitFormer President and COO$777.1K$8.4M91
2023Andrew C. WiechmannChief Financial Officer$550.0K$3.5M91
2023Scott A. CrumChief Human Resources Officer$550.0K$3.2M91

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,468,585$3.1B0.0%−272,217
Vanguard Capital Management LLC4,644,770$2.6B0.1%−8,306
Vanguard Portfolio Management LLC4,163,745$2.3B0.1%+139,209
Bamco Inc /ny/3,211,753$1.8B2.7%+512,364
State Street Corp3,194,918$1.8B0.1%+79,986
Morgan Stanley2,128,743$1.2B0.1%−116,236
Geode Capital Management, LLC1,950,086$1.1B0.1%−49,524
Viking Global Investors LP1,160,687$650.0M1.9%New
Principal Financial Group Inc1,127,265$631.3M0.3%−219,774
PineStone Asset Management Inc.943,550$528.4M3.3%−33,224
Fiera Capital Corp864,977$484.4M1.8%−116,721
Norges Bank859,813$481.5M0.0%New
Mitsubishi UFJ Asset Management Co., Ltd.858,176$480.6M0.3%+1,481
Invesco Ltd.807,864$452.4M0.0%+146,275
Baillie Gifford & Co796,246$445.9M0.4%−56,111
Millennium Management LLC741,928$415.5M0.3%+129,769
Arrowstreet Capital, Limited Partnership724,058$405.5M0.2%+98,612
Polen Capital Management LLC671,797$376.2M3.2%−257,712
Northern Trust Corp671,620$376.1M0.0%−15,389
Edgewood Management LLC664,098$371.9M3.8%−737,894
Aqr Capital Management LLC658,427$364.1M0.1%+5,404
Charles Schwab Investment Management Inc597,876$334.8M0.0%+32,025
Goldman Sachs Group Inc584,121$327.1M0.0%+126,671
Jpmorgan Chase & Co581,611$324.5M0.0%−181,817
Generation Investment Management Llp538,342$301.5M2.9%+36,176

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

35 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−11.8%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000−42.0%Report
Apr 1, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+36.2%Report
Mar 20, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000+34.9%Report
Mar 20, 2025Byron DonaldsRepublican, HouseSale$1,001 - $15,000+34.9%Report
Jan 15, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−34.5%Report
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+33.7%Report
Jul 2, 2024Kathy Manning, HouseBuy$1,001 - $15,000−23.6%Report
Jul 2, 2024Kathy Manning, HouseBuy$1,001 - $15,000−23.6%Report
Feb 1, 2024Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+62.6%Report
Jan 23, 2024Kathy Manning, HouseBuy$1,001 - $15,000−57.2%Report
Jan 23, 2024Kathy Manning, HouseBuy$15,001 - $50,000−57.2%Report
Jan 23, 2024Kathy Manning, HouseBuy$1,001 - $15,000−57.2%Report
Apr 27, 2023Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+63.3%Report
Jan 11, 2023Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000+81.1%Report
Feb 28, 2022Donald S. Beyer, Jr.Democratic, HouseSale$15,001 - $50,000+62.1%Report
Feb 3, 2022Donald S. Beyer, Jr.Democratic, HouseSale$1,001 - $15,000+66.4%Report
Jun 17, 2021Susie LeeDemocratic, HouseSale$1,001 - $15,000+69.1%Report
Mar 18, 2021Donald S. Beyer, Jr.Democratic, HouseSale$1,001 - $15,000+55.4%Report
Feb 16, 2021Peter Meijer, HouseSale$1,001 - $15,000+66.3%Report
Dec 22, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000−78.7%Report
Dec 3, 2020Donald S. Beyer, Jr.Democratic, HouseBuy$1,001 - $15,000−73.3%Report
Oct 9, 2020Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+59.3%Report
Jul 14, 2020Donald S. Beyer, Jr.Democratic, HouseSale$15,001 - $50,000+86.2%Report
May 7, 2020Donald S. Beyer, Jr.Democratic, HouseSale$1,001 - $15,000+96.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How MSCI is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMSCI Inc.2
  • CIK0001408198
  • Employer ID (EIN)13-403872318
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)7389 Services-Business Services, NEC2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address7 World Trade Center, 250 Greenwich Street 49Th Floor, New York, NY 100072
  • Phone212-804-39902
  • Shares outstanding72,700,000 as of Jul 14, 202616
  • Public float$43.1B as of Jun 30, 202518
  • AuditorPricewaterhouseCoopers LLP, New York, New York PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceJul 31, 20072
  • Filings1,516 in all: 4 (872), 8-K (222), SC 13G/A (81), 10-Q (56), 3 (54), SC 13G (24), 10-K (19), DEF 14A (19)2
    All 41 form types

    DEFA14A (19), CT ORDER (17), 144 (16), 425 (9), 5 (9), SC 13D/A (9), 424B2 (8), 8-K/A (8), S-1/A (8), UPLOAD (7), FWP (6), S-3ASR (6), 424B1 (4), 424B3 (4), ARS (4), EFFECT (4), S-8 (4), CORRESP (3), S-1 (3), SCHEDULE 13G/A (3), 10-K/A (2), 4/A (2), 424B4 (2), SC 13D (2), SCHEDULE 13G (2), 10-Q/A (1), 305B2 (1), 8-A12B (1), CERTNYS (1), PRE 14A (1), S-4 (1), S-4/A (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Feb 6, 2026
    Quarterly report (10-Q) Jul 21, 2026
    Proxy statement (DEF 14A) Mar 11, 2026
    Latest 8-K (8-K) Aug 7, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.01 per shareMSCINew York Stock Exchange

From the cover page of the 10-K filed Feb 6, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks MSCI names in Item 1A of its 10-K filed Feb 6, 2026: 33 risks under these headings, as written.18

  • Operational Risks
  • We are dependent on third parties to supply data, applications and services for our products and services and are dependent on certain vendors to distribute our products. A refusal or failure by a key vendor to distribute our products; any termination,
  • suspension or other loss of key third-party data, applications or services; a decline in the accuracy or quality of such data, applications or services; or any failure by us to comply with our suppliers’ or distributors’ licensing requirements or expectations could impair our ability to provide our products and services, which could have a material adverse effect on our business, financial condition or results of operations.
  • If our products contain undetected errors or fail to perform properly due to defects, malfunctions or similar problems, we may face increased costs or liability, which could have a material adverse effect on our business, financial condition or results of operations.
  • MSCI is exposed to potential reputational and credibility concerns, which could have a material adverse effect on our business, financial condition or results of operations.
  • Client Risks
  • Our clients that pay us a variable license fee (e.g., based on the assets under management or total expense ratio or trading volumes of an indexed investment product) may seek to negotiate a lower fee structure or may lower the total expense ratio of such products or may cease using our indexes, which could limit the growth of or decrease our revenues from asset-based or other variable fees and have a material adverse effect on our business, financial condition or results of operations.
  • Cancellations or reductions by our clients could have a material adverse effect on our business, financial condition or results of operations.
  • Our clients may become more self-sufficient, which may reduce demand for our products or services and materially adversely affect our business, financial condition or results of operations.
  • Complex relationships with clients, competitors, investors and distributors could have a material adverse effect on our business, financial condition or results of operations.
  • Technology Risks
  • Any failures, disruptions, instability or vulnerabilities in our information technology architecture, platforms, vendors and service providers, production and delivery systems, software, code, networks, the internet or other systems may disrupt our operations,
The other 24 risks
  • cause our products or services to be unavailable or fail and impose delays or additional costs, or impose conditions or restrictions on our products or services and have a material adverse effect on our business, financial condition or results of operations.
  • Any failure to ensure and protect the confidentiality of data could have a material adverse effect on our business, financial condition or results of operations.
  • Cyber-attacks or other security incidents and the failure of security plans, systems and procedures could have a material adverse effect on our business, financial condition or results of operations.
  • Migration of our applications, systems, processes and infrastructure to new technologies, providers, processes, platforms or applications could result in unanticipated failures, interruptions or delays in the performance and delivery of our products, services and support. Such incidents could have a material adverse effect on our business, financial condition or results of operations.
  • Our use of open source code could introduce security vulnerabilities, impose delays or costs, result in litigation or impose conditions or restrictions on our ability to commercialize our products or services. Such incidents could have a material adverse effect on our business, financial condition or results of operations.
  • Issues related to the use of AI and development of AI-related solutions could result in reputational harm, competitive harm, regulatory scrutiny or legal liability, and could have a material adverse effect on our business, financial condition or results of operations.
  • Strategy and Growth Risks
  • Our business may be affected by changes in economic conditions and the global capital markets, including those resulting from geopolitical events, trade policy changes, adverse equity market conditions, volatility in the financial markets and evolving
  • investment trends. Such changes could decrease the use of our products and services which could have a material adverse effect on our business, financial condition or results of operations.
  • Competition and financial and budgetary pressures affecting clients may cause price reductions or loss of market share, which may materially adversely affect our business, financial condition or results of operations.
  • To remain competitive, we must successfully develop new and enhanced products and services and effectively manage product transitions and integrations. Our failure to do so may materially adversely affect our business, financial condition or results of operations.
  • Our global presence and operations and any future expansions may continue to place significant strain on our resources and subject us to additional risks and costs resulting from our increased global footprint, which could materially adversely impact our business, financial condition or results of operations.
  • Legal and Regulatory Risks
  • Failure to comply with laws, rules or regulations, or the introduction of new or revised laws, rules or regulations could materially adversely affect our business, financial condition or results of operations.
  • Legal protections for our intellectual property rights and other rights may not be sufficient or available to protect our competitive advantages. Third parties may infringe on our intellectual property rights or we may infringe upon their intellectual property rights, which, in each case, could have a material adverse effect on our business, financial condition or results of operations.
  • Financial Risks
  • Our revenues, expenses, assets and liabilities are subject to foreign currency exchange rate fluctuation risk, which could have a material adverse effect on our business, financial condition or results of operations.
  • Our indebtedness could materially adversely affect our cash flows and financial flexibility, which could have a material adverse effect on our business, financial condition or results of operations.
  • A change in our credit ratings could materially adversely affect our financial condition.
  • We may have exposure to tax liabilities in various jurisdictions. Future changes in tax law could materially affect our tax obligations and effective tax rate, which could have a material adverse effect on our business, financial condition or results of operations.
  • General Risks
  • Our business performance might not be sufficient for us to meet the full-year financial guidance or long-term targets that we provide publicly. Failure to meet our financial guidance or long-term targets could have a material adverse effect on our business, financial condition or results of operations.
  • Our growth and profitability may not continue at the same rate as we have experienced in the past for several reasons, including if our operating costs are higher than expected, which could have a material adverse effect on our business, financial condition or results of operations.
  • We may be exposed to liabilities as a result of failure to comply with laws and regulations relating to our global presence and operations, including anti-corruption laws, and any determination that we violated these laws could have a material adverse effect on our business.
  • If we are unable to successfully identify, execute and realize expected returns or synergies from acquisitions or strategic partnerships or investments, our financial results may be materially adversely affected.
  • Our goodwill and other intangible assets resulting from our acquisitions could be impaired as a result of future business conditions, requiring us to record substantial write-downs that would reduce our operating income and materially adversely affect our financial condition.
  • If we fail to attract, develop or retain the necessary talent, including through our compensation programs, our business, financial condition or results of operations could be materially adversely affected.
  • We cannot provide any guarantee that we will continue to repurchase shares of our common stock pursuant to our share repurchase program.

Legal proceedings

Various lawsuits, arbitrations, claims, government inquiries, requests for information, subpoenas, regulatory investigations, examinations, inspections and other legal or regulatory processes have been or may be instituted or asserted against the Company in the ordinary course of business. While the potential losses could be substantial, due to uncertainties surrounding the potential outcomes, management cannot currently reasonably estimate the possible loss or range of loss that may arise from these matters. Consequently, it is possible that MSCI’s business, operating results, financial condition or cash flows in a particular period could be materially affected by these matters. However, based on facts currently available, we believe that the disposition of matters that are currently pending or asserted will not, individually or in the aggregate, have a material effect on MSCI’s business, operating results, financial condition or cash flows.

The opening of Item 3, Legal Proceedings.18

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