MSCI Inc. (MSCI) closed fiscal year 2025 with a gross margin of 82.4 % and a net margin of 38.4 %.
MSCI Inc. (MSCI) closed fiscal year 2025 with a gross margin of 82.4 % and a net margin of 38.4 %. The same year shows an EBITDA margin of 60.8 % and an EBIT margin of 54.7 %. The free cash flow margin was 49.4 %. Against the previous year the gross margin moved +0.5 pp and the net margin −0.5 pp. Across the period the gross margin ranges between 69.2 % in 2011 and 82.8 % in 2020. The series covers 15 fiscal years, from 2011 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 69.24 % | 72.15 % | 73.65 % | 72.25 % | 75.10 % | 78.09 % | 78.52 % | 79.96 % | 81.07 % | 82.79 % | — | 82.02 % | 82.34 % | 81.99 % | 82.44 % |
| EBITDA margin (%) | 45.20 % | 46.79 % | 44.61 % | 41.03 % | 44.81 % | 49.49 % | 51.78 % | 53.87 % | 53.61 % | 57.30 % | 57.85 % | 58.95 % | 60.11 % | 59.85 % | 60.82 % |
| EBIT margin (%) | 35.74 % | 38.48 % | 37.26 % | 33.83 % | 37.57 % | 42.42 % | 45.50 % | 47.90 % | 48.51 % | 52.19 % | 52.49 % | 53.71 % | 54.75 % | 53.52 % | 54.67 % |
| Net margin (%) | 19.25 % | 22.28 % | 24.37 % | 28.51 % | 20.80 % | 22.67 % | 23.86 % | 35.42 % | 36.18 % | 35.50 % | 35.53 % | 38.72 % | 45.42 % | 38.83 % | 38.36 % |
| FCF margin (%) | 25.74 % | 36.54 % | 30.76 % | 26.39 % | 26.10 % | 35.64 % | 29.12 % | 40.62 % | 43.68 % | 46.55 % | 45.15 % | 48.11 % | 47.98 % | 51.39 % | 49.42 % |
