The Tip Desk

MSCI Inc.

Company Stats

Market Cap
$39.2B
as of Sep 30, 2026
Enterprise Value
$44.9B
Shares Outstanding
72.7M
Free Float
96.2%

Income Statement

Revenue
$3.1B
Operating Income
$1.7B
Net Income
$1.2B
EBITDA
$1.7B
Revenue Growth, 3Y
11.7%
FCF Margin, 3Y Avg
49.6%
FCF Margin, Worst Year
48.0%

Cash Flow

Free Cash Flow
$1.5B
FCF Yield
4.0%
Owner FCF Yield
3.7%

Balance Sheet

Cash & Equivalents
$515.3M
Total Debt
$6.2B
Net Debt
$5.7B
Net Debt / EBITDA
3.30x
EV / EBITDA
25.85x
Net Debt / EBIT
3.35x

Returns & Capital

Dividends Paid
$556.5M
Dividend Yield
1.4%
Dividend Payout, 3Y Avg
43.5%
Share Repurchases
$2.5B
Buyback Yield, 3Y Avg
3.3%
SBC, 3Y Avg
$92.7M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$3.1B$1.5B49.4%
FY2024$2.9B$1.5B51.4%
FY2023$2.5B$1.2B48.0%
FY2022$2.2B$1.1B48.1%
FY2021$2.0B$922.6M45.1%

Annual filing data through FY ended December 31, 2025; shares and float as of October 11, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage