MSCI Inc. (MSCI) Stock

MSCI Inc. (MSCI) is a Technology stock trading at $628.53 (as of 2026-07-17), with a market capitalization of $45.76B and a trailing P/E of 34.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MSCI provides investment decision support tools used by clients to manage investment processes worldwide. Its offerings span Index products (including indexes and related licensing), Analytics services for risk, performance and portfolio management, and ESG and Climate data and solutions, along with other private-asset offerings.

Understand MSCI Inc.: how it makes money

MSCI provides investment decision support tools, including indexes, analytics, and ESG and climate offerings, and it earns operating revenues from those products for market participants worldwide.

MSCI’s profit engine is a fee-based model built around ongoing investment decision support, including a meaningful stream of Recurring subscription revenues alongside other fee types such as Asset-based Fees (ABF) Revenue.

Revenue by segment (latest quarter)
Index$0.5B
Analytics$0.2B
ESG and Climate$0.1B
All Other, Private Assets$0.1B

Business quality (Solid): Clear segment structure, with Index and Analytics representing the largest operating revenue sources, and an operating mix that includes a recurring subscription component.

Valuation: Trades at 32× trailing earnings · $40B market cap.

Bull case

  • Recurring subscription revenue base: MSCI has a meaningful operating line item labeled Recurring subscription revenues (USD_B value provided), which supports the idea of a steadier revenue stream.
  • Index and Analytics are the core revenue streams: In the reported segment mix, Index and Analytics are the largest contributors to operating revenues among the four reportable segments.

Bear case

  • Exposure to index-linked product and licensing demand: The Index segment includes indexes used for indexed product creation (such as ETFs, mutual funds, annuities, and derivatives) and includes licensing (GICS and GI), so changes in demand for these products and licenses can affect Index results.
  • Asset-based fees sensitivity: MSCI reports Asset-based Fees (ABF) Revenue, which can make a portion of results sensitive to the level and nature of assets tied to its services.
  • Smaller ESG and Climate segment: ESG and Climate is a smaller segment in operating revenue terms than Index and Analytics, which can limit how much diversification it provides in the near term.
Valuation — source: SEC EDGAR (first-party)
Price$628.53
Market Cap$45.76B
P/E Ratio34.6
EV / EBITDA30.0
Price / Sales14.47
FCF Yield5.0%
DCF Value (model)$393.68
DCF Upside vs Price-37.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.13B
Net Margin38.4%
Revenue Growth (YoY)9.7%
EPS Growth (YoY)11.6%
FCF Growth (YoY)5.5%
Financial Health — source: SEC EDGAR
Altman Z-Score6.15 (safe)
Valuation vs Sector & Industry
Stock P/E34.6
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
vs Sector-0.3%
vs Industry12.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($5.37B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOHenry A. Fernandez
Employees6,184
CountryUS
IPO Date2007-11-15

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MSCI earnings history · MSCI institutional & insider holders · MSCI KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.