MSCI Inc. (MSCI)
Financials · Financial Exchanges & Data · US stock · S&P 500 component
$569.08
▼ -6.01 (1.05%)
Fair valueOvervalued
$309 −45.8% to fair value
$154fair band $216–$401$463
Day's range
$564.53 – $577.00
52-week range
$495.54 – $642.47
Red flags⚠ Negative equity
About MSCI Inc.
MSCI provides investment decision support tools, including stock market indexes, portfolio and risk analytics, and environmental, social and governance research. Asset managers, banks and institutional investors use its products to build portfolios, benchmark performance and measure risk. A large share of revenue comes from subscriptions and licence fees, including fees based on assets in investment products that track its indexes, which creates a recurring revenue stream.
MSCI Inc. generated $3.3 billion of revenue in the last twelve months, with sales that expanded at 11.7% a year across three years. Leverage, measured as net debt to EBITDA, is 3.3 times. The operating margin is 55.7% and the return on invested capital is 45%. Shareholders receive a dividend, yielding 1.4%. Its X-Ray Score is 57 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $495.54 – $642.47Volume 883,600Daily, split-adjusted
Vitals
Market cap$41.5B
52-week range$495.54 – $642.47
Volume (last day)883,600
P/E (TTM)31.4
EBIT / EV yield3.9%
Free-cash-flow yield3.9%
Dividend yield1.4%
Revenue (TTM)$3.3B
Net income (TTM)$1.4B
Operating margin55.7%
Return on capital45.3%
Debt incl. leases$6.5B
Cash & securities$356M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$309model spread $309 – $414
Overvalued
−45.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $569
Undervalued < $216Fair $216 – $401Overvalued > $401
10-year DCF (market-scaled) · excluded
$1,104
Peer multiples
$253
Earnings power floor (not blended)
$242
Fundamentals-adjusted multiple
$365
Growth the price implies
6.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Healthy business, but priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
17/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.9%
Free-cash-flow yield3.9%
Fair value vs price0.5×
Growth
Fair
65/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)11.7%
EPS growth (3y)13.5%
Growth consistency100%
Profitability
Strong
92/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital45.3%
Operating margin55.7%
Financial health
Weak
50/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA3.3×
Interest cover7.2×
Dividends
Fair
56/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.4%
Dividends vs free cash flow36%
Dividend growth14.3%
Quarterly results: last 6 quarters
+9.7%
Mar '25
+9.1%
Jun '25
+9.5%
Sep '25
+10.6%
Dec '25
+14.1%
Mar '26
+12.2%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $867M, diluted EPS $4.69.
Compare with peers
CBOE Cboe Global Markets, I...64 MCO Moodys Corp62 FDS Factset Research Syste...59 SPGI S&P Global Inc.51Other Financial Exchanges & Data companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 2 Average · ● 6 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 54/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $2.0B | $2.2B | $2.5B | $2.9B | $3.1B |
| Operating income | $1.1B | $1.2B | $1.4B | $1.5B | $1.7B |
| Net income | $726M | $871M | $1.1B | $1.1B | $1.2B |
| Operating cash flow | $936M | $1.1B | $1.2B | $1.5B | $1.6B |
| Operating margin | 52.5% | 53.7% | 54.8% | 53.5% | 54.7% |
| Free cash flow | $923M | $1.1B | $1.2B | $1.5B | $1.5B |
| Diluted EPS | $8.70 | $10.72 | $14.39 | $14.05 | $15.69 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 562.3 | Bullish |
| EMA 10 | 562.5 | Bullish |
| SMA 20 | 554.8 | Bullish |
| EMA 20 | 558.7 | Bullish |
| SMA 50 | 558.5 | Bullish |
| EMA 50 | 560.9 | Bullish |
| SMA 100 | 575.3 | Bearish |
| EMA 100 | 565.8 | Bullish |
| SMA 200 | 569.4 | Bearish |
| EMA 200 | 566.6 | Bullish |
Oscillators (daily)
| RSI (14) | 56.88 | Neutral |
| MACD (12, 26) | 2.97 | Bullish |
| Momentum (12) | 5.65 | Bullish |
| Stochastic %K (14) | 81.81 | Bearish |
| Williams %R (14) | -18.19 | Bearish |
| CCI (20) | 128.0 | Bearish |
Pivot points (classic, last session)
S3 550.9 | S2 557.7 | S1 563.4 | Pivot 570.2 | R1 575.9 | R2 582.7 | R3 588.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
7.95 USD
Yield on today's price
1.40%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 14 Aug 2026 | 2.0500 |
| 15 May 2026 | 2.0500 |
| 13 Feb 2026 | 2.0500 |
| 14 Nov 2025 | 1.8000 |
| 15 Aug 2025 | 1.8000 |
| 16 May 2025 | 1.8000 |
| 14 Feb 2025 | 1.8000 |
| 15 Nov 2024 | 1.6000 |
| 16 Aug 2024 | 1.6000 |
| 16 May 2024 | 1.6000 |
| 15 Feb 2024 | 1.6000 |
| 8 Nov 2023 | 1.3800 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MSCI SEC filings
7 Aug 2026
8-KSEC EDGAR
Director or officer change
21 Jul 2026
10-QSEC EDGAR
Quarterly report
21 Jul 2026
8-KSEC EDGAR
Results of operations
23 Apr 2026
8-KSEC EDGAR
Shareholder vote results
21 Apr 2026
10-QSEC EDGAR
Quarterly report
21 Apr 2026
8-KSEC EDGAR
Results of operations
31 Mar 2026
8-KSEC EDGAR
Director or officer change
11 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.