Short answer
MSCI Inc. (MSCI) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $793M (up 9.5% year over year) with net income of $325M.
Q3 2025 key financials · XBRL
- Revenue
- $793M
- +9.5% YoY · +2.7% QoQ
- Net income
- $325M
- +15.8% YoY · +7.2% QoQ
- Operating margin
- 56.4%
- EPS (diluted)
- $4.24
- +19.1% YoY · +8.2% QoQ
Source: XBRL data from the MSCI Inc. (MSCI) Q3 2025 10-Q on SEC EDGAR. USD.
MSCI Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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