MSCI Inc.

MSCI 10-Q · Q1 2026

MSCI Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 850.8 745.8 +14.1%
Show Product Lines breakouts
Asset-based fees 224.5 177.4 +26.6%
Asset-based fees · Index 224.5 177.4 +26.6%
Non-recurring 26.1 15.8 +65.2%
Non-recurring · All Other Segments 0.7 0.5 +40.0%
Non-recurring · Analytics 6.8 2.4 +183.3%
Non-recurring · Index 17.6 11 +60.0%
Non-recurring · Sustainability and Climate 1 1.9 -47.4%
Recurring subscriptions 600.2 552.6 +8.6%
Recurring subscriptions · All Other Segments 71.9 66.8 +7.6%
Recurring subscriptions · Analytics 183.2 169.8 +7.9%
Recurring subscriptions · Index 254.2 233.3 +9.0%
Recurring subscriptions · Sustainability and Climate 90.9 82.7 +9.9%
Show Business Segments breakouts
All Other Segments 72.6 67.3 +7.9%
Analytics 190 172.2 +10.3%
Index 496.3 421.7 +17.7%
Reportable Segment Aggregation Before Other Operating Segment 778.2 678.5 +14.7%
Sustainability and Climate 91.9 84.6 +8.6%
Show Geography breakouts
Americas 377.4 336.1 +12.3%
EMEA 337.9 292.8 +15.4%
GB 149.7 123.7 +21.0%
JP 37.1 30.2 +22.8%
Other 36.9 33.7 +9.5%
Other 98.4 86.7 +13.5%
Other 188.2 169.1 +11.3%
Total Asia & Australia 135.5 116.9 +15.9%
US 340.5 302.4 +12.6%
Cost Of Goods And Service Excluding Depreciation Depletion And Amortization 141.8 136.8 +3.7%
Sales & Marketing 85.7 78.7 +8.9%
Research & Development 49.6 47.6 +4.2%
General & Administrative 69 57.1 +20.8%
Amortization Of Intangible Assets 41.9 43.9 -4.6%
Show Finite Lived Intangible Assets By Major Class breakouts
Amortization expense of acquired intangible assets 19.6 25.8 -24.0%
Software Development 22.3 18.1 +23.2%
Depreciation 5.9 4.7 +25.5%
Total Costs & Expenses 393.9 368.8 +6.8%
Operating Income 456.9 377 +21.2%
Interest Income -2.8 -3.9 +28.2%
Interest Expense 69.1 46.5 +48.6%
Other Non-Operating Income (Expense) 1.4 3.3 -57.6%
Non-Operating Income (Expense) 67.7 45.9 +47.5%
Income Before Taxes 389.2 331.1 +17.5%
Income Tax Expense (Benefit) -16.8 42.5 -139.5%
Net Income 406 288.6 +40.7%
Show Equity Components breakouts
Retained Earnings 406 288.6 +40.7%
EPS (Basic) 5.54 3.72 +48.9%
EPS (Diluted) 5.53 3.71 +49.1%
Wtd Avg Shares (Basic) 73.3 77.6 -5.5%
Wtd Avg Shares (Diluted) 73.4 77.8 -5.7%
Comprehensive Income 398.5 295.9 +34.7%
Other Comprehensive Income -7.5 7.3 -202.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -7.5 7.3 -202.7%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 385.3 360,671 -99.9%
Accounts Receivable Net 883.2 749.2 +17.9%
Prepaid Taxes 43.7 52,456 -99.9%
Prepaid Expenses & Other Current Assets 81.9 73,161 -99.9%
Total Current Assets 1,394.1 1,235,535 -99.9%
Non-Current Assets
Property, Plant & Equipment 87.3 85,618 -99.9%
Operating Lease Right-of-Use Assets 146.8 118,600 -99.9%
Goodwill 2,962.3 2,918,559 -99.9%
Show Business Segments breakouts
All Other Segments 1,320.2 1,308,224 -99.9%
Analytics 296.9 296,880 -99.9%
Index 1,259.6 1,228,660 -99.9%
Sustainability and Climate 85.6 84,795 -99.9%
Intangible Assets 851 886,750 -99.9%
Show Finite Lived Intangible Assets By Major Class breakouts
Acquired technology and software 62.1 54,621 -99.9%
Customer Relationships 311.7 326,419 -99.9%
Proprietary data 304.2 338,049 -99.9%
Software Development 154.8 142,374 -99.9%
Trademarks 18.2 25,287 -99.9%
Deferred Tax Assets 47 41,044 -99.9%
Other Non-Current Assets 56.8 58,268 -99.9%
Total Assets 5,545.3 5,344,374 -99.9%
Current Liabilities
Accounts Payable 10.3 10,656 -99.9%
Accrued Income Taxes Current 56.5 72,167 -99.9%
Employee Related Liabilities Current 94.7 92,743 -99.9%
Other Accrued Liabilities Current 267.7 208,220 -99.9%
Deferred Revenue (Current) 1,184 1,082.5 +9.4%
Total Current Liabilities 1,613.2 1,466,328 -99.9%
Non-Current Liabilities
Long-Term Debt 6,403.8 4,546,859 -99.9%
Operating Lease Liabilities 143.9 118,446 -99.9%
Deferred Tax Liabilities 24.6 51,878 -100.0%
Other Non-Current Liabilities 133.9 119,433 -99.9%
Total Liabilities 8,319.4 6,302,944 -99.9%
Long-Term Debt 6,403.8 4,546,859 -99.9%
Show Debt Instrument breakouts
3.250% senior unsecured notes due 2033 · Senior Notes 695 694,368 -99.9%
3.625% senior unsecured notes due 2030 · Senior Notes 897.1 896,414 -99.9%
3.625% senior unsecured notes due 2031 · Senior Notes 596.3 595,674 -99.9%
3.875% senior unsecured notes due 2031 · Senior Notes 994.6 993,528 -99.9%
4.000% senior unsecured notes due 2029 · Senior Notes 996.1 995,000 -99.9%
5.150% senior unsecured notes due 2036 · Senior Notes 493.4
5.250% senior unsecured notes due 2035 · Senior Notes 1,231.3
Credit Agreement [Member] · Revolving Credit Facility 500 371,875 -99.9%
Contract With Customer Liability Noncurrent 33
Stockholders' Equity
Common Stock 1.3 1,343 -99.9%
Treasury Stock Common Value -10,253 -7,548,241 +99.9%
Additional Paid In Capital Common Stock 1,851.9 1,724,488 -99.9%
Retained Earnings 5,684.7 4,927,508 -99.9%
Accumulated Other Comprehensive Income -59 -63,668 +99.9%
Total Stockholders' Equity -2,774.1 -958.6 -189.4%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -59 -63.7 +7.4%
Additional Paid In Capital 1,851.9 1,724.5 +7.4%
Common Stock 1.3 1.3 0.0%
Retained Earnings 5,684.7 4,927.5 +15.4%
Treasury Stock Common -10,253 -7,548.2 -35.8%
Total Liabilities & Equity 5,545.3 5,344,374 -99.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Net Income 406 288.6 +40.7%
Stock-Based Compensation 47.7 40 +19.3%
Depreciation & Amortization 5.9 4.7 +25.5%
Operating Lease Right Of Use Asset Amortization Expense 6.8 5.9 +15.3%
Amortization of Financing Costs 1.8 1.3 +38.5%
Deferred Income Taxes And Tax Credits -82.5 3.4 -2526.5%
Other Non-Cash Items -5.2 7.3 -171.2%
Change in Accounts Receivable 102.1 73.2 +39.5%
Increase Decrease In Prepaid Taxes 25.5 -4.2 +707.1%
Change in Prepaid & Other Assets -9.3 -7 -32.9%
Increase Decrease In Other Noncurrent Assets -1.3 -9.6 +86.5%
Change in Accounts Payable -6.2 -5.9 -5.1%
Increase Decrease In Accrued Income Taxes Payable -17.8 32.8 -154.3%
Increase Decrease In Employee Related Liabilities -146.6 -127.1 -15.3%
Increase Decrease In Other Accrued Liabilities -15.2 9 -268.9%
Change in Deferred Revenue -46.2 -46.9 +1.5%
Increase Decrease In Long Term Operating Lease Liabilities -6 -6.7 +10.4%
Change in Other Liabilities 4.9 -0.9 +644.4%
Increase Decrease In Other Operating Capital Net 0.5 -0.1 +600.0%
Net Cash from Operations 306.8 301.7 +1.7%
Investing Activities
Payments For Software -26 -21.3 -22.1%
Capital Expenditures -2.8 -11.6 +75.9%
Payments To Acquire Businesses Net Of Cash Acquired -41.7
Net Cash from Investing -70.5 -32.9 -114.3%
Financing Activities
Share Repurchases -414.8 -213.1 -94.7%
Payments Of Dividends Common Stock -150.5 -143.8 -4.7%
Debt Repayments -175 -65 -169.2%
Proceeds From Issuance Of Debt 375 100 +275.0%
Proceeds From Stock Options Exercised 1.3 0.4 +225.0%
Payment For Contingent Consideration Liability Financing Activities -0.5 -0.2 -150.0%
Net Cash from Financing -364.5 -321.7 -13.3%
Supplemental
Interest Paid 79 33.6 +135.1%
Income Taxes Paid 55.8 11.2 +398.2%
Unpaid Capital Expenditures 6 10.6 -43.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -1.8 4.2 -142.9%
Net Change in Cash -130 -48.7 -166.9%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 385.3 360.7 +6.8%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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