MSCI Inc.

MSCI

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

2,856

Cost of Revenue

514

Gross Profit

2,342

Gross Margin

82.0%

Operating Income

1,529

Operating Margin

53.5%

Net Income

1,109

Net Margin

38.8%

EPS (Basic)

$14.09

EPS (Diluted)

$14.05

EBITDA

1,748

EBITDA Margin

61.2%

2023

12/31/2023

Revenue

2,529

Cost of Revenue

447

Gross Profit

2,082

Gross Margin

82.3%

Operating Income

1,385

Operating Margin

54.8%

Net Income

1,149

Net Margin

45.4%

EPS (Basic)

$14.45

EPS (Diluted)

$14.39

EBITDA

1,715

EBITDA Margin

67.8%

2022

12/31/2022

Revenue

2,249

Cost of Revenue

404

Gross Profit

1,844

Gross Margin

82.0%

Operating Income

1,208

Operating Margin

53.7%

Net Income

871

Net Margin

38.7%

EPS (Basic)

$10.78

EPS (Diluted)

$10.72

EBITDA

1,358

EBITDA Margin

60.4%

2021

12/31/2021

Revenue

2,044

Cost of Revenue

359

Gross Profit

1,685

Gross Margin

82.4%

Operating Income

1,073

Operating Margin

52.5%

Net Income

726

Net Margin

35.5%

EPS (Basic)

$8.80

EPS (Diluted)

$8.70

EBITDA

1,152

EBITDA Margin

56.4%

2020

12/31/2020

Revenue

1,695

Cost of Revenue

292

Gross Profit

1,404

Gross Margin

82.8%

Operating Income

885

Operating Margin

52.2%

Net Income

602

Net Margin

35.5%

EPS (Basic)

$7.19

EPS (Diluted)

$7.12

EBITDA

953

EBITDA Margin

56.2%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	2,856	2,529	2,249	2,044	1,695
Cost of Revenue	514	447	404	359	292
Gross Profit	2,342	2,082	1,844	1,685	1,404
Gross Margin	82.0%	82.3%	82.0%	82.4%	82.8%
Operating Income	1,529	1,385	1,208	1,073	885
Operating Margin	53.5%	54.8%	53.7%	52.5%	52.2%
Net Income	1,109	1,149	871	726	602
Net Margin	38.8%	45.4%	38.7%	35.5%	35.5%
EPS (Basic)	$14.09	$14.45	$10.78	$8.80	$7.19
EPS (Diluted)	$14.05	$14.39	$10.72	$8.70	$7.12
EBITDA	1,748	1,715	1,358	1,152	953
EBITDA Margin	61.2%	67.8%	60.4%	56.4%	56.2%