MSCIMSCI

Financials · Business Services · NYSE

Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities, make better investment decisions and unlock innovation. 10-K, Item 1

Employees: 6,268
Headquarters: New York, NY
CEO: Henry A. Fernandez
Next results: around Jan 27, 2027

Compare with peers → Embed

RevenueFY2016–25 $3.1B+9.7% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.2B+8.4% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.5B+5.5% Highest in 10 years 10-K FY2025 · XBRL Operating marginFY2016–25 54.7%+1.2 pts 42.4% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 6, 2026 against Feb 7, 2025

Area	What changed	Source
Risk factors	8 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +20.2% vs revenue +9.7% (+10.5 pts)	10-K · XBRL
Accounting checks	9 other checks clear, 1 worth a look	10-K · XBRL
Insiders	1 open-market buy in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 6, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-07. Quoted as filed.

Our operations rely on the secure collection, retrieval, storage, transmission and other processing of confidential, sensitive, proprietary and other types of data and information that is managed internally and with third-party vendors and service providers. We
10-K, Item 1A

All 8 new paragraphs →

Accounting checks

latest 10-K

9 of 10 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +20.2% vs revenue +9.7% (+10.5 pts)
✓
Cash from operations $1.6B vs net income $1.2B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: Table of Content s; Table of Content s. Same as last year: Revenue Recognition - Recurring Subscriptions, Asset-Based Fees, and Non-Recurring Revenues; Goodwill Impairment Assessment - Private Capital Solutions Reporting Unit
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 20, 20268-K Quarterly results 8-K item 2.02
Oct 20, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

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