# MSCI INC. (MSCI) FY2025 Annual P&L / Income Statement - Company: MSCI INC. (MSCI) - Period: 2025-01-01 to 2025-12-31 - Filing: FY2025 10-K, filed 2026-02-06, accession number 0001408198-26-000011 - Page: https://plicit.ai/financials/msci/fy2025-annual-income-statement - Chart image: https://plicit.ai/charts/msci-fy2025-annual-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Operating revenues**: 3,134,459,000 US dollars - **Cost of revenue (calculated)**: 550,366,000 US dollars - **Gross profit (calculated)**: 2,584,093,000 US dollars - **Operating expenses (calculated)**: 870,526,000 US dollars - **Operating income**: 1,713,567,000 US dollars - **Other expense (income), net**: negative 219,311,000 US dollars - **Income before provision for income taxes**: 1,494,256,000 US dollars - **Provision for income taxes**: 291,951,000 US dollars - **Net income**: 1,202,305,000 US dollars - **Recurring subscriptions**: 2,278,704,000 US dollars - **Asset-based fees**: 770,670,000 US dollars - **Non-recurring**: 85,085,000 US dollars - **Cost of revenues (exclusive of depreciation and amortization)**: 550,366,000 US dollars - **Selling and marketing**: 319,829,000 US dollars - **Research and development**: 177,596,000 US dollars - **General and administrative**: 180,216,000 US dollars - **Amortization of intangible assets**: 169,480,000 US dollars - **Depreciation and amortization of property, equipment and leasehold improvements**: 23,405,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/msci/fy2025-annual-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/msci-fy2025-annual-revenue-by-geography-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Operating revenues**: 3,134,459,000 US dollars - **Cost of revenue (calculated)**: 550,366,000 US dollars - **Gross profit (calculated)**: 2,584,093,000 US dollars - **Operating expenses (calculated)**: 870,526,000 US dollars - **Operating income**: 1,713,567,000 US dollars - **Other expense (income), net**: negative 219,311,000 US dollars - **Income before provision for income taxes**: 1,494,256,000 US dollars - **Provision for income taxes**: 291,951,000 US dollars - **Net income**: 1,202,305,000 US dollars - **UNITED STATES**: 1,267,406,000 US dollars - **Other**: 140,702,000 US dollars - **UNITED KINGDOM**: 543,481,000 US dollars - **Other**: 698,498,000 US dollars - **JAPAN**: 127,611,000 US dollars - **Other**: 356,761,000 US dollars - **Cost of revenues (exclusive of depreciation and amortization)**: 550,366,000 US dollars - **Selling and marketing**: 319,829,000 US dollars - **Research and development**: 177,596,000 US dollars - **General and administrative**: 180,216,000 US dollars - **Amortization of intangible assets**: 169,480,000 US dollars - **Depreciation and amortization of property, equipment and leasehold improvements**: 23,405,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/msci/fy2025-annual-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/msci-fy2025-annual-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Operating revenues**: 3,134,459,000 US dollars - **Cost of revenue (calculated)**: 550,366,000 US dollars - **Gross profit (calculated)**: 2,584,093,000 US dollars - **Operating expenses (calculated)**: 870,526,000 US dollars - **Operating income**: 1,713,567,000 US dollars - **Other expense (income), net**: negative 219,311,000 US dollars - **Income before provision for income taxes**: 1,494,256,000 US dollars - **Provision for income taxes**: 291,951,000 US dollars - **Net income**: 1,202,305,000 US dollars - **Analytics - Asset-based fees**: 0 US dollars - **Analytics - Non-recurring**: 16,909,000 US dollars - **Analytics - Recurring subscriptions**: 697,488,000 US dollars - **Index - Asset-based fees**: 770,670,000 US dollars - **Index - Non-recurring**: 58,241,000 US dollars - **Index - Recurring subscriptions**: 957,897,000 US dollars - **Sustainability and Climate - Asset-based fees**: 0 US dollars - **Sustainability and Climate - Non-recurring**: 7,514,000 US dollars - **Sustainability and Climate - Recurring subscriptions**: 346,401,000 US dollars - **All Other – Private Assets - Asset-based fees**: 0 US dollars - **All Other – Private Assets - Non-recurring**: 2,421,000 US dollars - **All Other – Private Assets - Recurring subscriptions**: 276,918,000 US dollars - **Cost of revenues (exclusive of depreciation and amortization)**: 550,366,000 US dollars - **Selling and marketing**: 319,829,000 US dollars - **Research and development**: 177,596,000 US dollars - **General and administrative**: 180,216,000 US dollars - **Amortization of intangible assets**: 169,480,000 US dollars - **Depreciation and amortization of property, equipment and leasehold improvements**: 23,405,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/msci/fy2025-annual-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/msci-fy2025-annual-revenue-by-business-segment-sankey.png Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Operating revenues**: 3,134,459,000 US dollars - **Cost of revenue (calculated)**: 550,366,000 US dollars - **Gross profit (calculated)**: 2,584,093,000 US dollars - **Operating expenses (calculated)**: 870,526,000 US dollars - **Operating income**: 1,713,567,000 US dollars - **Other expense (income), net**: negative 219,311,000 US dollars - **Income before provision for income taxes**: 1,494,256,000 US dollars - **Provision for income taxes**: 291,951,000 US dollars - **Net income**: 1,202,305,000 US dollars - **Index**: 1,786,808,000 US dollars - **Analytics**: 714,397,000 US dollars - **Sustainability and Climate**: 353,915,000 US dollars - **All Other – Private Assets**: 279,339,000 US dollars - **Cost of revenues (exclusive of depreciation and amortization)**: 550,366,000 US dollars - **Selling and marketing**: 319,829,000 US dollars - **Research and development**: 177,596,000 US dollars - **General and administrative**: 180,216,000 US dollars - **Amortization of intangible assets**: 169,480,000 US dollars - **Depreciation and amortization of property, equipment and leasehold improvements**: 23,405,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.