MSCI Cash Flow Statement
NYSE: MSCIConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
MSCI free cash flow
In fiscal 2025, MSCI generated $1.59 billion of operating cash flow and spent $39.3 million on capital expenditures. That left free cash flow of $1.55 billion, a free-cash-flow margin of 49.4% of revenue. Free cash flow was up 5.5% from the prior year's $1.47 billion.
MSCI returned $3.04 billion to shareholders: $556.5 million in dividends and $2.48 billion in share repurchases, equal to 196% of free cash flow. Free cash flow covered dividend payments 2.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
MSCI cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.20B | 1.11B | 1.15B | 870.57M | 725.98M | 601.82M | 563.65M | 507.88M | 303.97M | 260.86M |
| Net Income growth (YoY) | +8.40% | -3.44% | +31.94% | +19.92% | +20.63% | +6.77% | +10.98% | +67.08% | +16.53% | +16.64% |
| Depreciation & Amortization | 23.41M | 16.98M | 21.01M | 26.89M | 28.90M | 29.80M | 30.00M | 31.35M | 35.44M | 34.32M |
| Stock-Based Compensation | 111.34M | 95.20M | 71.65M | 58.09M | 54.92M | 51.09M | 41.20M | 38.90M | 36.58M | 32.00M |
| Change in Working Capital | -74.84M | 51.63M | 17.96M | 63.68M | 11.22M | 47.80M | 4.33M | 31.42M | -70.48M | 2.03M |
| Operating Cash Flow | 1.59B | 1.50B | 1.24B | 1.10B | 936.07M | 811.11M | 709.52M | 612.76M | 404.16M | 442.36M |
| Capital Expenditures | -39.32M | -33.76M | -22.76M | -13.62M | -13.51M | -21.83M | -29.12M | -30.26M | -33.18M | -32.28M |
| Investing Cash Flow | -130.06M | -144.25M | -819.38M | -79.33M | -1.04B | -241.79M | -71.94M | 34.87M | -48.05M | -42.03M |
| Dividends Paid | -556.52M | -509.11M | -440.99M | -372.92M | -302.45M | -246.44M | -222.92M | -171.03M | -119.80M | -96.26M |
| Share Repurchases | -2.48B | -885.27M | -504.19M | -1.40B | -198.37M | -778.52M | -292.07M | -949.89M | -150.46M | -774.57M |
| Debt Issued | 2.81B | 556.88M | 0 | 355.00M | 1.80B | 1.41B | 1.00B | 500.00M | — | 500.00M |
| Debt Repaid | -1.10B | -559.06M | -8.75M | -7.19M | -1.05B | -1.14B | -513.13M | — | — | — |
| Financing Cash Flow | -1.36B | -1.40B | -953.93M | -1.43B | 229.50M | -779.04M | -36.67M | -626.48M | -267.54M | -372.90M |
| Net Change in Cash | 105.98M | -52.34M | -531.87M | -427.88M | 120.93M | -206.05M | 602.39M | 14.67M | 97.67M | 14.13M |
| Free Cash Flow | 1.55B | 1.47B | 1.21B | 1.08B | 922.56M | 789.28M | 680.41M | 582.50M | 370.98M | 410.08M |
This table shows 10 annual periods of MSCI's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MSCI's reporting calendar. What is a cash flow statement?