MSCI MSCI Inc.

FY2025 10-K
Filed: Feb 6, 2026
Information Technology
Services-Business Services, NECSEC EDGAR

MSCI Inc. (MSCI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 6, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model: licensing annual, recurring subscriptions, fees based on AUM, trading volumes, and fee levels from index-linked products
  • Renamed "ESG and Climate" segment to "Sustainability and Climate" highlighting broader product offerings, no segment composition changes
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Management Discussion & Analysis

  • No revenue or profit figures disclosed in this MDA section
  • Stock repurchases: 1,620,144 shares bought at average $559.72/share Q4 2025; $2.1B remaining buyback authorization
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Risk Factors

  • Regulatory/legal risk: $38M expense from multi-phase internal legal entity restructuring completed subsequent to year-end affecting effective tax rate (19.5% in 2025 vs 18.2% in 2024)
  • Geopolitical/macroeconomic threat: Approximately 60% of AUM invested in non-U.S. dollar currencies, creating significant foreign exchange risk not adjusted in disclosed asset-based fees
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Financial Summary
XBRL

Revenue

$3.1B

Net Income

$1.2B

Operating Margin

54.7%

Net Margin

38.4%

ROE

-45.3%

Total Assets

$5.7B

EPS (Diluted)

$15.69

Operating Cash Flow

$1.6B

Source: XBRL data from MSCI Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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