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

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The numbers MSCI said it expected, in its earnings releases of the last 3 years, next to what it then reported for the same period. Each target links to the sentence in the release; each result to the 10-Q or 10-K it was first reported in.

Of 2 range targets with a reported result: 1 came in above the last range given, 1 within it, 0 below it.

Target	What the company said	Reported	Result
EBITDA (company-defined) Fiscal 2026	Given $1.30B to $1.33B release 2026-01-28 Kept $1.30B to $1.33B release 2026-04-21 Raised $1.34B to $1.37B release 2026-07-21 Kept $1.34B to $1.37B release 2026-10-20	–	No standard number
The company's words Guidance Item Guidance for Full-Year 2026 … Adjusted EBITDA Expense $1,305 to $1,335 million release 2026-01-28 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Adjusted EBITDA Expense $1,305 to $1,335 million release 2026-04-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 20263 Full-Year 2026 … Adjusted EBITDA Expense $1,340 to $1,370 million release 2026-07-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Adjusted EBITDA Expense $1,340 to $1,370 million release 2026-10-20
Operating cash flow Fiscal 2026	Given $1.64B to $1.69B release 2026-01-28 Kept $1.64B to $1.69B release 2026-04-21 Raised $1.66B to $1.71B release 2026-07-21 Kept $1.66B to $1.71B release 2026-10-20	–	Not reported yet
The company's words Guidance Item Guidance for Full-Year 2026 … Net Cash Provided by Operating Activities $1,640 to $1,690 million release 2026-01-28 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Net Cash Provided by Operating Activities $1,640 to $1,690 million release 2026-04-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 20263 Full-Year 2026 … Net Cash Provided by Operating Activities $1,655 to $1,705 million release 2026-07-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Net Cash Provided by Operating Activities $1,655 to $1,705 million release 2026-10-20
Free cash flow (company-defined) Fiscal 2026	Given $1.47B to $1.53B release 2026-01-28 Kept $1.47B to $1.53B release 2026-04-21 Raised $1.49B to $1.54B release 2026-07-21 Kept $1.49B to $1.54B release 2026-10-20	–	No standard number
The company's words Guidance Item Guidance for Full-Year 2026 … Free Cash Flow $1,470 to $1,530 million release 2026-01-28 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Free Cash Flow $1,470 to $1,530 million release 2026-04-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 20263 Full-Year 2026 … Free Cash Flow $1,485 to $1,545 million release 2026-07-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Free Cash Flow $1,485 to $1,545 million release 2026-10-20
Capital expenditures Fiscal 2026	Given $160.00M to $170.00M release 2026-01-28 Kept $160.00M to $170.00M release 2026-04-21 Kept $160.00M to $170.00M release 2026-07-21 Kept $160.00M to $170.00M release 2026-10-20	–	Not reported yet
The company's words Guidance Item Guidance for Full-Year 2026 … Capital Expenditures $160 to $170 million release 2026-01-28 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Capital Expenditures $160 to $170 million release 2026-04-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 20263 Full-Year 2026 … Capital Expenditures $160 to $170 million release 2026-07-21 Guidance Item Current Guidance for Prior Guidance for Full-Year 2026 Full-Year 2026 … Capital Expenditures $160 to $170 million release 2026-10-20
EBITDA (company-defined) Fiscal 2025 (ended 2025-12-31)	Given $1.22B to $1.25B release 2025-01-29 Kept $1.22B to $1.25B release 2025-04-22 Kept $1.22B to $1.25B release 2025-07-22 Raised $1.23B to $1.25B release 2025-10-28	–	No standard number
The company's words Guidance Item Guidance for Full-Year 2025 … Adjusted EBITDA Expense $1,220 to $1,250 million release 2025-01-29 Guidance Item Current Guidance for Full-Year 2025 … Adjusted EBITDA Expense $1,220 to $1,250 million release 2025-04-22 Guidance Item Current Guidance for Full-Year 2025 … Adjusted EBITDA Expense $1,220 to $1,250 million release 2025-07-22 Guidance Item Current Guidance for Prior Guidance for Full-Year 2025 Full-Year 2025(2) … Adjusted EBITDA Expense $1,230 to $1,250 million release 2025-10-28
Operating cash flow Fiscal 2025 (ended 2025-12-31)	Given $1.52B to $1.57B release 2025-01-29 Kept $1.52B to $1.57B release 2025-04-22 Kept $1.52B to $1.57B release 2025-07-22 Raised $1.54B to $1.59B release 2025-10-28	$1.59B 10-K filed 2026-02-06	Within the range
The company's words Guidance Item Guidance for Full-Year 2025 … Net Cash Provided by Operating Activities $1,525 to $1,575 million release 2025-01-29 Guidance Item Current Guidance for Full-Year 2025 … Net Cash Provided by Operating Activities $1,525 to $1,575 million release 2025-04-22 Guidance Item Current Guidance for Full-Year 2025 … Net Cash Provided by Operating Activities $1,525 to $1,575 million release 2025-07-22 Guidance Item Current Guidance for Prior Guidance for Full-Year 2025 Full-Year 2025(2) … Net Cash Provided by Operating Activities $1,540 to $1,590 million release 2025-10-28
Free cash flow (company-defined) Fiscal 2025 (ended 2025-12-31)	Given $1.40B to $1.46B release 2025-01-29 Kept $1.40B to $1.46B release 2025-04-22 Kept $1.40B to $1.46B release 2025-07-22 Raised $1.41B to $1.47B release 2025-10-28	–	No standard number
The company's words Guidance Item Guidance for Full-Year 2025 … Free Cash Flow $1,400 to $1,460 million release 2025-01-29 Guidance Item Current Guidance for Full-Year 2025 … Free Cash Flow $1,400 to $1,460 million release 2025-04-22 Guidance Item Current Guidance for Full-Year 2025 … Free Cash Flow $1,400 to $1,460 million release 2025-07-22 Guidance Item Current Guidance for Prior Guidance for Full-Year 2025 Full-Year 2025(2) … Free Cash Flow $1,410 to $1,470 million release 2025-10-28
EBITDA (company-defined) Fiscal 2024 (ended 2024-12-31)	Given $1.13B to $1.16B release 2024-01-30 Kept $1.13B to $1.16B release 2024-04-23 Kept $1.13B to $1.16B release 2024-07-23 Kept $1.13B to $1.16B release 2024-10-29	–	No standard number
The company's words Guidance Item Guidance for Full-Year 2024 … Adjusted EBITDA Expense $1,130 to $1,160 million release 2024-01-30 Guidance Item Current Guidance for Full-Year 2024 … Adjusted EBITDA Expense $1,130 to $1,160 million release 2024-04-23 Guidance Item Current Guidance for Prior Guidance for Full-Year 2024 Full-Year 2024 … Adjusted EBITDA Expense $1,130 to $1,160 million release 2024-07-23 Guidance Item Current Guidance for Prior Guidance for Full-Year 2024 Full-Year 2024 … Adjusted EBITDA Expense $1,130 to $1,160 million release 2024-10-29
Operating cash flow Fiscal 2024 (ended 2024-12-31)	Given $1.33B to $1.38B release 2024-01-30 Kept $1.33B to $1.38B release 2024-04-23 Kept $1.33B to $1.38B release 2024-07-23 Raised $1.42B to $1.47B release 2024-10-29	$1.50B 10-K filed 2025-02-07	Above the range
The company's words Guidance Item Guidance for Full-Year 2024 … Net Cash Provided by Operating Activities $1,330 to $1,380 million release 2024-01-30 Guidance Item Current Guidance for Full-Year 2024 … Net Cash Provided by Operating Activities $1,330 to $1,380 million release 2024-04-23 Guidance Item Current Guidance for Prior Guidance for Full-Year 2024 Full-Year 2024 … Net Cash Provided by Operating Activities $1,330 to $1,380 million release 2024-07-23 Guidance Item Current Guidance for Prior Guidance for Full-Year 2024 Full-Year 2024 … Net Cash Provided by Operating Activities $1,420 to $1,470 million release 2024-10-29
Free cash flow (company-defined) Fiscal 2024 (ended 2024-12-31)	Given $1.23B to $1.28B release 2024-01-30 Kept $1.23B to $1.28B release 2024-04-23 Kept $1.23B to $1.28B release 2024-07-23 Raised $1.30B to $1.36B release 2024-10-29	–	No standard number
The company's words Guidance Item Guidance for Full-Year 2024 … Free Cash Flow $1,225 to $1,285 million release 2024-01-30 Guidance Item Current Guidance for Full-Year 2024 … Free Cash Flow $1,225 to $1,285 million release 2024-04-23 Guidance Item Current Guidance for Prior Guidance for Full-Year 2024 Full-Year 2024 … Free Cash Flow $1,225 to $1,285 million release 2024-07-23 Guidance Item Current Guidance for Prior Guidance for Full-Year 2024 Full-Year 2024 … Free Cash Flow $1,305 to $1,365 million release 2024-10-29

2 targets far from the company's reported total, so not compared (usually a target for one product, segment or definition)

Capital expenditures, Fiscal 2025 (ended 2025-12-31): said $120.00M to $130.00M, reported $39.32M. The company's words
Capital expenditures, Fiscal 2024 (ended 2024-12-31): said $105.00M to $115.00M, reported $33.76M. The company's words

Targets are read from the sentences of the EX-99 exhibits of 8-K item 2.02 filings (12 releases since 2024-01-30), without AI; in outlook tables only the first column is read. The result compares the reported number with the last range given before the period was reported. Results come from SEC's XBRL company facts, as first reported. A company's target can use its own definition (META's capital expenditures include finance lease payments, for example), so read the quote.

Work on MSCI in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/MSCI/export.csv") into a cell.