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MSCI MSCI Capitalized expenses

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Other financials

Income statement

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Revenue$850.8M+14.1%
Gross profit$709.0M+16.4%
Operating income$456.9M+21.2%
Net income$406.0M+40.7%
EPS (diluted)$5.53+49.1%

Balance sheet

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Cash & equivalents$385.3M+6.8%
Total debt$6.6B+40.1%
Total equity-$2.8B-189%
Total assets$5.5B+3.8%

Cash flow

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Operating cash flow$306.8M+1.7%
CapEx$2.8M-75.9%
Free cash flow$304.0M+4.8%

Valuation

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Market cap$40.77B+0.3%
Enterprise value$46.96B+4.2%
P/E30.9×-3.6×
P/S12.6×-1.0×

Profitability

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Gross margin82.9%+0.7pp
Operating margin55.4%+1.8pp
Net margin40.7%+1.7pp
FCF margin48.3%-1.8pp

Returns & leverage

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Return on equity113.8%
Debt / equity6.8×
Current ratio0.9×0.0×

Where this comes from

Reported directly by MSCI in its filing.

Tagged under the XBRL concept msci:DeferredTaxAssetsCapitalizedCost.

The official record: MSCI’s 10-K, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MSCI's capitalized expenses?
MSCI (MSCI) reported capitalized expenses of $30.33M in Q4 2025.
How has MSCI's capitalized expenses changed year-over-year?
MSCI's capitalized expenses decreased by 57.2% year-over-year, from $70.92M to $30.33M.
What is the long-term trend for MSCI's capitalized expenses?
Over 4 years (2021 to 2025), MSCI's capitalized expenses has grown at a -24.7% compound annual growth rate (CAGR), from $94.27M to $30.33M.
What does capitalized expenses mean?
This represents costs that have been capitalized as assets rather than expensed immediately, often related to software development or long-term projects. These costs are amortized over time, impacting future earnings. It reflects the company's strategy of deferring expenses to match them with future revenue streams.