MSCI among the 76 companies we cover
MSCI and 9 peers, year by year
The 9 Financials companies closest to MSCI in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
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| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| MSCI MSCI | FY2025 | $3.1B | +9.7% | - | 54.7% | 38.4% | 49.4% | n/m | n/m |
| ERIE Erie Indemnity | FY2025 | $4.1B | +7.2% | - | 17.6% | 13.8% | 14.0% | 24.5% | - |
| JKHY Jack Henry & Associates | FY2026 | $2.5B | +7.1% | - | 25.0% | 19.8% | 27.3% | 24.5% | 0.02 |
| FDS FactSet | FY2026 | $2.5B | +6.7% | - | 28.3% | 21.5% | 28.6% | 26.6% | 0.68 |
| HOOD Robinhood Markets | FY2025 | $4.5B | +51.6% | - | - | 42.1% | - | 20.6% | 0.00 |
| CPAY Corpay | FY2025 | $4.5B | +13.9% | - | 44.0% | 23.6% | 28.7% | 27.5% | 2.58 |
| CBOE Cboe Global Markets | FY2025 | $4.7B | +15.1% | 51.5% | 31.1% | 23.3% | 35.7% | 21.4% | 0.28 |
| COIN Coinbase | FY2025 | $7.2B | +9.4% | - | 20.0% | 17.6% | - | 8.5% | 0.52 |
| ARES Ares Management | FY2025 | $5.6B | +44.2% | - | - | 9.4% | - | 12.3% | - |
| GL Globe Life | FY2025 | $6.0B | +3.7% | - | - | 19.4% | 20.9% | 19.4% | 0.44 |
Revenue, FY2021 to FY2025
Revenue as reported in the 10-K.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | $2.0B | $2.2B | $2.5B | $2.9B | $3.1B |
| ERIE Dec | $2.6B | $2.8B | $3.3B | $3.8B | $4.1B |
| JKHY Jun | $1.8B | $1.9B | $2.1B | $2.2B | $2.4B |
| FDS Aug | $1.6B | $1.8B | $2.1B | $2.2B | $2.3B |
| HOOD Dec | $1.8B | $1.4B | $1.9B | $3.0B | $4.5B |
| CPAY Dec | $2.8B | $3.4B | $3.8B | $4.0B | $4.5B |
| CBOE Dec | $3.5B | $4.0B | $3.8B | $4.1B | $4.7B |
| COIN Dec | $7.8B | $3.2B | $3.1B | $6.6B | $7.2B |
| ARES Dec | $4.2B | $3.1B | $3.6B | $3.9B | $5.6B |
| GL Dec | $5.1B | $5.2B | $5.4B | $5.8B | $6.0B |
| Peer median | $2.8B | $3.1B | $3.3B | $3.9B | $4.5B |
Sales growth, FY2021 to FY2025
Revenue against the fiscal year before.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | +20.5% | +10.0% | +12.5% | +12.9% | +9.7% |
| ERIE Dec | +3.8% | +7.8% | +15.1% | +16.1% | +7.2% |
| JKHY Jun | +3.6% | +10.5% | +6.9% | +6.6% | +7.2% |
| FDS Aug | +6.5% | +15.9% | +13.1% | +5.6% | +5.4% |
| HOOD Dec | +89.5% | −25.2% | +37.3% | +58.2% | +51.6% |
| CPAY Dec | +18.6% | +20.9% | +9.6% | +5.8% | +13.9% |
| CBOE Dec | +2.0% | +13.3% | −4.7% | +8.5% | +15.1% |
| COIN Dec | +514% | −59.3% | −2.7% | +111% | +9.4% |
| ARES Dec | +139% | −27.5% | +18.9% | +7.0% | +44.2% |
| GL Dec | +7.9% | +2.2% | +4.2% | +6.1% | +3.7% |
| Peer median | +7.9% | +7.8% | +9.6% | +7.0% | +9.4% |
Gross margin, FY2021 to FY2025
Gross profit / revenue.Operating margin, FY2021 to FY2025
Operating income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | 52.5% | 53.7% | 54.8% | 53.5% | 54.7% |
| ERIE Dec | 12.1% | 13.2% | 15.9% | 17.8% | 17.6% |
| JKHY Jun | 22.7% | 24.4% | 23.1% | 22.1% | 23.9% |
| FDS Aug | 29.8% | 25.8% | 30.2% | 31.8% | 32.2% |
| HOOD Dec | - | - | - | - | - |
| CPAY Dec | 43.8% | 42.2% | 44.1% | 45.0% | 44.0% |
| CBOE Dec | 23.1% | 12.4% | 28.0% | 26.8% | 31.1% |
| COIN Dec | 39.2% | −84.8% | −5.2% | 35.1% | 20.0% |
| ARES Dec | - | - | - | - | - |
| GL Dec | 24.0% | 22.7% | 23.2% | - | - |
| Peer median | 24.0% | 22.7% | 23.2% | 29.3% | 27.5% |
Net margin, FY2021 to FY2025
Net income / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | 35.5% | 38.7% | 45.4% | 38.8% | 38.4% |
| ERIE Dec | 11.3% | 10.5% | 13.6% | 15.8% | 13.8% |
| JKHY Jun | 17.7% | 18.7% | 17.6% | 17.2% | 19.2% |
| FDS Aug | 25.1% | 21.5% | 22.4% | 24.4% | 25.7% |
| HOOD Dec | −203.1% | −75.7% | −29.0% | 47.8% | 42.1% |
| CPAY Dec | 29.6% | 27.8% | 26.1% | 25.3% | 23.6% |
| CBOE Dec | 15.1% | 5.9% | 20.2% | 18.7% | 23.3% |
| COIN Dec | 46.2% | −82.2% | 3.1% | 39.3% | 17.6% |
| ARES Dec | 9.7% | 5.5% | 13.1% | 11.9% | 9.4% |
| GL Dec | 20.2% | 17.1% | 17.8% | 18.5% | 19.4% |
| Peer median | 17.7% | 10.5% | 17.6% | 18.7% | 19.4% |
Free cash flow, FY2021 to FY2025
Cash from operations minus capital spending.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | $922.6M | $1.1B | $1.2B | $1.5B | $1.5B |
| ERIE Dec | $254.0M | $298.9M | $288.6M | $486.4M | $571.0M |
| JKHY Jun | $439.1M | $470.0M | $342.4M | $509.9M | $588.1M |
| FDS Aug | $493.9M | $487.1M | $584.8M | $614.7M | $617.5M |
| HOOD Dec | −$948.0M | −$880.0M | - | - | - |
| CPAY Dec | $1.1B | $603.4M | $1.9B | $1.8B | $1.3B |
| CBOE Dec | $545.8M | $591.3M | $1.0B | $1.0B | $1.7B |
| COIN Dec | $4.0B | −$1.6B | - | - | - |
| ARES Dec | - | - | - | - | - |
| GL Dec | $1.4B | $1.4B | $1.4B | $1.3B | $1.3B |
| Peer median | $519.9M | $478.5M | $807.7M | $827.2M | $935.7M |
FCF margin, FY2021 to FY2025
Free cash flow / revenue.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | 45.1% | 48.1% | 48.0% | 51.4% | 49.4% |
| ERIE Dec | 9.6% | 10.5% | 8.8% | 12.8% | 14.0% |
| JKHY Jun | 25.0% | 24.2% | 16.5% | 23.0% | 24.8% |
| FDS Aug | 31.0% | 26.4% | 28.0% | 27.9% | 26.6% |
| HOOD Dec | −52.2% | −64.8% | - | - | - |
| CPAY Dec | 38.3% | 17.6% | 51.8% | 44.4% | 28.7% |
| CBOE Dec | 15.6% | 14.9% | 27.3% | 25.4% | 35.7% |
| COIN Dec | 51.5% | −49.7% | - | - | - |
| ARES Dec | - | - | - | - | - |
| GL Dec | 27.4% | 26.7% | 26.3% | 23.0% | 20.9% |
| Peer median | 26.2% | 16.3% | 26.8% | 24.2% | 25.7% |
Return on equity, FY2021 to FY2025
Net income / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | n/m | n/m | n/m | n/m | n/m |
| ERIE Dec | 22.2% | 20.6% | 26.8% | 30.2% | 24.5% |
| JKHY Jun | 23.6% | 26.3% | 22.8% | 20.7% | 21.4% |
| FDS Aug | 39.3% | 29.8% | 28.9% | 28.1% | 27.3% |
| HOOD Dec | −50.6% | −14.8% | −8.1% | 17.7% | 20.6% |
| CPAY Dec | 29.3% | 37.5% | 29.9% | 32.1% | 27.5% |
| CBOE Dec | 14.7% | 6.8% | 19.1% | 17.9% | 21.4% |
| COIN Dec | 56.8% | −48.1% | 1.5% | 25.1% | 8.5% |
| ARES Dec | 22.4% | 10.5% | 25.1% | 13.1% | 12.3% |
| GL Dec | 51.5% | 22.6% | 21.6% | 20.2% | 19.4% |
| Peer median | 23.6% | 20.6% | 22.8% | 20.7% | 21.4% |
Debt / equity, FY2021 to FY2025
Total debt / shareholders' equity at the year end.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | n/m | n/m | n/m | n/m | n/m |
| ERIE Dec | 0.07 | 0.00 | - | - | - |
| JKHY Jun | 0.08 | 0.08 | 0.17 | 0.03 | 0.00 |
| FDS Aug | 0.57 | 1.49 | 1.00 | 0.71 | 0.63 |
| HOOD Dec | - | - | - | - | 0.00 |
| CPAY Dec | 2.09 | 2.77 | 2.05 | 2.56 | 2.58 |
| CBOE Dec | 0.36 | 0.50 | 0.36 | 0.34 | 0.28 |
| COIN Dec | 0.53 | 0.63 | 0.47 | 0.45 | 0.52 |
| ARES Dec | - | - | - | - | - |
| GL Dec | 1.09 | 0.57 | 0.47 | 0.52 | 0.44 |
| Peer median | 0.53 | 0.57 | 0.47 | 0.48 | 0.44 |
EPS (diluted), FY2021 to FY2025
Diluted earnings per share, on today's share count after splits.| Company | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| MSCI Dec | $8.70 | $10.72 | $14.39 | $14.05 | $15.69 |
| ERIE Dec | - | - | - | - | - |
| JKHY Jun | $4.12 | $4.94 | $5.02 | $5.23 | $6.24 |
| FDS Aug | $10.36 | $10.25 | $12.04 | $13.91 | $15.55 |
| HOOD Dec | −$7.49 | −$1.17 | −$0.61 | $1.56 | $2.05 |
| CPAY Dec | $9.99 | $12.42 | $13.20 | $13.97 | $15.03 |
| CBOE Dec | $4.92 | $2.19 | $7.13 | $7.21 | $10.42 |
| COIN Dec | $14.50 | −$11.83 | $0.37 | $9.48 | $4.45 |
| ARES Dec | - | - | - | - | - |
| GL Dec | $9.99 | $9.04 | $10.07 | $11.94 | $14.07 |
| Peer median | $9.99 | $4.94 | $7.13 | $9.48 | $10.42 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out MSCI and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →
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