MSCI (MSCI) stock
Financials · Financial Exchanges & Data
MSCI (MSCI) is a Financial Exchanges & Data company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, MSCI closed at $615.62, a market capitalization of $44.76 billion, the 253rd largest company in the S&P 500. Over the last twelve months it generated $3.43 billion in revenue (+12% year over year) and $1.49 billion in free cash flow. The stock trades at 31.7x trailing earnings and 27.5x forward earnings.
- 1-year total return: +15.9% (dividends reinvested)
- 5-year return: +0.1% a year
- 52-week range: $501.08 – $644.77
- Gross margin 82.9%, operating margin 56.4%
- Dividend yield: 1.33%, 11 straight years of increases
- FI Handbook report card: B across 9 metrics
- 41st largest of 76 Financials stocks in the S&P 500
MSCI price chart
1Y price change: +14.3% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MSCI | +10.8% | +8.5% | +15.9% | +9.5% | +0.1% | +23.6% | +19.0% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2007.
MSCI key statistics
- Market cap
- $44.8B
- #253 in S&P 500
- P/E (TTM)
- 31.7x
- Forward P/E
- 27.5x
- EPS (TTM)
- $19.40
- Revenue (TTM)
- $3.4B
- +12%
- Free cash flow
- $1.5B
- Gross margin
- 82.9%
- Operating margin
- 56.4%
- Return on equity
- —
- Dividend yield
- 1.33%
- 52-week range
- $501.08 – $644.77
- Beta
- 1.24
- Price / sales
- 13.0x
- EV / EBITDA
- 25.1x
- Debt / equity
- —
- Employees
- 6,259
MSCI report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth12.4%B
- Gross margin82.9%A
- Operating margin56.4%A
- FCF margin43.5%A
- Return on equity——
- Net debt / EBITDA3.3xD
- Forward P/E27.5xC
- PEG ratio1.9xC
- Shareholder yield6.9%A
- Share count change / yr-1.9%B
MSCI financials
Revenue went from $1.2B in fiscal 2016 to $3.1B in fiscal 2025, growing 11.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B | $1.3B | $1.4B | $1.6B | $1.7B | $2.0B | $2.2B | $2.5B | $2.9B | $3.1B |
| Gross profit | $898.6M | $1.0B | $1.1B | $1.3B | $1.4B | — | — | — | — | — |
| Operating income | $488.1M | $579.8M | $686.9M | $755.7M | $884.8M | $1.1B | $1.2B | $1.4B | $1.5B | $1.7B |
| Net income | $260.9M | $304.0M | $507.9M | $563.6M | $601.8M | $726.0M | $870.6M | $1.1B | $1.1B | $1.2B |
| EPS (diluted) | $2.70 | $3.31 | $5.66 | $6.59 | $7.12 | $8.70 | $10.72 | $14.39 | $14.05 | $15.69 |
| Free cash flow | $410.1M | $371.0M | $582.5M | $680.4M | $789.3M | $922.6M | $1.1B | $1.2B | $1.5B | $1.5B |
| Buybacks | $774.6M | $150.5M | $949.9M | $292.1M | $778.5M | $198.4M | $1.4B | $504.2M | $885.3M | $2.5B |
| Dividends paid | $96.3M | $119.8M | $171.0M | $222.9M | $246.4M | $302.4M | $372.9M | $441.0M | $509.1M | $556.5M |
| Diluted shares | 96.5M | 91.9M | 89.7M | 85.5M | 84.5M | 83.5M | 81.2M | 79.8M | 79.0M | 76.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MSCI?
A reverse DCF asks what growth the current price requires. With an enterprise value of $51.4B and $1.5B of trailing free cash flow, MSCI needs to grow free cash flow about 24.5% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 14.4% a year over the last five years.
P/E ratio history
Current 39.2x vs. median 40.8x (10th–90th percentile 25.1x–56.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MSCI dividend
- Dividend yield
- 1.33%
- Annual dividend
- $8.20
- Years of increases
- 11
- 5-yr dividend growth
- 19.8%
- per year
- Payout ratio
- 42%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MSCI analyst price targets
17 analysts' average 12-month target is $681.47 (+11% vs. $615.62). Targets range from $550.00 to $735.00. 89% rate it a buy.
MSCI earnings
Next report: January 26, 2027. MSCI has beaten EPS estimates 1 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 20, 2026 | $5.03 | $5.11 | +1.7% |
| Jul 21, 2026 | $4.98 | $4.94 | -0.8% |
| Apr 21, 2026 | $4.46 | $4.55 | +2.1% |
| Jan 28, 2026 | $4.59 | $4.66 | +1.6% |
| Oct 28, 2025 | $4.37 | $4.47 | +2.3% |
| Jul 22, 2025 | $4.15 | $4.17 | +0.6% |
| Apr 22, 2025 | $3.90 | $4.00 | +2.5% |
| Jan 29, 2025 | $3.95 | $4.18 | +5.8% |
Stocks like MSCI
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|---|---|---|---|---|---|
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MSCI news
- Polen Focus Growth Strategy Exits MSCI Inc. (MSCI) to Fund Meta Platforms Position · Oct 23, 2026
- ‘They are trying to intimidate us’: Indonesia’s Prabowo remains defiant in the face of an MSCI double downgrade · Oct 23, 2026
- MSCI: Office Liquidity Premium Far Steeper Than Industrial · Oct 22, 2026
- MSCI (MSCI) Stock Gains Ground As Q3 Earnings Showcase Pricing Power · Oct 22, 2026
- MSCI's Net New Subscription Sales Beat Estimates, Pointing to Sustained Sales Momentum, RBC Says · Oct 21, 2026
MSCI stock FAQ
What is MSCI's market cap?
MSCI's market capitalization is $44.76 billion as of October 23, 2026, ranking 253rd in the S&P 500.
What is MSCI's P/E ratio?
MSCI trades at a trailing price-to-earnings ratio of 31.7x and a forward P/E of 27.5x. Its median P/E over the period we track is 40.8x.
Does MSCI pay a dividend?
Yes. MSCI pays $8.20 per share a year, a 1.33% yield. It has raised its dividend 11 years in a row. Dividends grew 19.8% a year over the last five years.
How much has MSCI stock returned?
Including reinvested dividends, MSCI returned +15.9% over one year, +0.1% a year over five years, +23.6% a year over ten years through October 23, 2026.
Is MSCI stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies MSCI must grow free cash flow about 24% a year for the next decade. Its free cash flow grew 14% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the MSCI price target?
17 analysts cover MSCI with an average 12-month price target of $681.47, +11% from the current price. 89% of them rate it a buy.
When does MSCI report earnings?
MSCI is expected to report earnings on January 26, 2027. It has beaten EPS estimates 1 quarters in a row.
How many employees does MSCI have?
MSCI has about 6,259 full-time employees, or $548,388 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology