MSCI Inc. (MSCI) Q3 2025 10-Q Quarterly Report
Filed: Oct 28, 2025Period ending Sep 30, 2025
Information Technology
Services-Business Services, NECSEC EDGAR MSCI Inc. (MSCI) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 28, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
MSCI Inc. Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $793.4M Q3 FY25, up 9.5% YoY from $724.7M; Nine months $2.31B, up 9.4% YoY from $2.11B
- • Operating margin 56.4% Q3 FY25 vs 55.4% YoY; Nine months operating margin 54.1% vs 53.2% YoY
- • Best segment: Index revenue +11.4% Q3 to $451.2M, Adjusted EBITDA margin 77.6%; Worst segment: Analytics revenue +5.7% Q3 to $182.2M, Adjusted EBITDA margin declined to 49.4%
- • Cash $400.1M at Q3 FY25, flat YoY; Operating cash flow $1.087B YTD, stable; Capital deployment increased share repurchases $1.51B YTD vs $440M prior year
- • Management notes strong recurring subscription +8.0% Run Rate growth, 94.7% retention rate; raised $1.25B debt for refinancing, extended credit facility to 2030; new $3B stock repurchase program authorized
Risk Factors
- • No new risk factors added this quarter; consistent with fiscal 2024 10-K disclosures
- • Updated market risk due to evolving sustainability and climate investment integration impacting client demand patterns
- • Regulatory risk heightened by increased scrutiny on ESG data accuracy and reporting standards in multiple jurisdictions
- • Operational risk from expanding geographic presence, potentially increasing exposure to local market volatility and regulatory complexity
- • Financial risk includes potential impact of acquisitions on liquidity and capital allocation amid strategic expansion initiatives
MSCI Inc. Q3 2025 Quarterly FinancialsXBRL
Revenue
$793M
▲ +9.5% YoY▲ +2.7% QoQ
Net Income
$325M
▲ +15.8% YoY▲ +7.2% QoQ
Operating Margin
56.4%
▲ +105bp YoY▲ +139bp QoQ
Net Margin
41.0%
▲ +225bp YoY▲ +171bp QoQ
ROE
-17.0%
Total Assets
$5.4B
EPS (Diluted)
$4.24
▲ +19.1% YoY▲ +8.2% QoQ
Operating Cash Flow
$449M
▲ +6.6% YoY▲ +33.7% QoQ
Source: XBRL data from MSCI Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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