MARKETS / NYSE / MSCI
NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Msci Inc. MSCI

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY11 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$3.1B
▲ 9.7% vs FY2024
Dividend streak
11 yrs
Raised every year since 2015
EPS · FY25
Dividend / sh · FY25
$7.20
Payout · FY25
46%
ROE · FY25
Net margin · FY25
38.4%
Dividend coverage
2.2×
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Result
USD 3.1B
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.81.62.43.23.11.22008201120142017202020232025
0.81.62.43.23.11.22016201920222025

38 cents of every revenue dollar became profit this year.

Per share
Diluted EPS, FY2025
EPS Dividend
2.557.57.202008201120142017202020232025
2.557.57.202016201920222025

Earnings covered the dividend 2.2 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
2004006002008201120142017202020232025
2004006002016201920222025
Operating margin54.7%
Net margin38.4%
Return on assets21.6%

Returned to shareholders
USD 3.0B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 556.5M
Net buybacksUSD 2.5B
Share of profit252.3%
Consecutive raises11 years

USD 556.5M in dividends and USD 2.5B in buybacks — 252% of the year's profit, so the payout drew on cash built up earlier.

Growth
+13.1% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+11.7%
+13.1%
+11.3%
+10.9%
Net income
+11.4%
+14.8%
+18.3%
+18.7%
EPS, diluted
+13.5%
+17.1%
+22.7%
+21.8%
Dividend / share
+16.3%
+19.8%
+24.6%
Returned to shareholders
+19.7%
+24.2%
+14.5%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years−10.9%
Change, 10 years−27.2%

The share count shrank 11% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 5.7B
total assets, end of FY2025
Total assetsUSD 5.7B
EquityUSD -2.7B
CashUSD 515.3M
Gross debtUSD 6.2B
Net debtUSD 5.7B
Current ratio0.90×

Net debt stands at -214% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
3.1
2.9
2.5
2.2
2.0
1.7
1.6
1.4
1.3
1.2
1.1
1.0
0.9
0.8
0.9
0.7
0.4
0.4
Operating income $B
1.7
1.5
1.4
1.2
1.1
0.9
0.8
0.7
0.6
0.5
0.4
0.3
0.3
0.3
0.3
0.2
0.2
0.1
EBITDA $B
1.7
1.5
1.4
1.2
1.1
0.9
0.8
0.7
0.6
0.5
0.4
0.4
0.4
0.3
0.3
0.2
0.2
0.1
Income tax $B
0.3
0.2
0.2
0.2
0.1
0.1
0.0
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
Net income $B
1.2
1.1
1.1
0.9
0.7
0.6
0.6
0.5
0.3
0.3
0.2
0.3
0.2
0.2
0.2
0.1
0.1
0.1
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
7.20
6.40
5.52
4.58
3.64
2.92
2.52
1.92
1.32
1.00
0.80
0.18
·
·
·
·
·
·
Payout %
46
46
38
43
42
41
40
34
39
37
39
7
·
·
·
·
·
·
ROE %
·
·
·
·
·
·
·
433.1
84.6
42.8
19.2
19.0
14.9
13.6
14.6
11.6
20.6
23.8
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
51 of 52
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 1 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed