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MicroStrategyMSTR
$24.67M+1.0%

Other financials

Income statement

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Revenue$867.0M+12.2%
Gross profit$717.1M+12.9%
Operating income$487.5M+14.6%
Net income$342.0M+12.6%
EPS (diluted)$4.69+19.6%

Balance sheet

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Cash & equivalents$356.4M+2.6%
Total debt$6.5B+40.6%
Total equity-$2.7B-203%
Total assets$5.6B+4.3%

Cash flow

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Operating cash flow$370.8M+10.3%
CapEx$11.0M-2.7%
Free cash flow$359.8M+10.7%

Valuation

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Market cap$41.57B-2.0%
Enterprise value$47.76B+2.2%
P/E30.6×-5.4×
P/S12.5×-1.7×

Profitability

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Gross margin83%+0.8pp
Operating margin55.7%+1.8pp
Net margin40.7%+1.3pp
FCF margin47.9%-0.5pp

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 us-gaap:ResearchAndDevelopmentExpense.

The source filing: MSCI’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 1:49 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001408198-26-000046
(unaudited)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses:
Cost of revenues (exclusive of depreciation and amortization)149.9137.7291.7274.5
Selling and marketing87.478.2173.1156.9
Research and development46.044.195.691.7
General and administrative46.238.3115.295.4
Amortization of intangible assets43.843.785.787.6
Depreciation and amortization of property, equipment and leasehold improvements6.25.412.110.1
Total operating expenses379.5347.4773.4716.2

Item 1. Financial Statements

FAQ

What is MSCI's R&D?
MSCI (MSCI) reported R&D of $46M in Q2 2026.
How has MSCI's R&D changed year-over-year?
MSCI's R&D increased by 4.3% year-over-year, from $44.1M to $46M.
What is the long-term trend for MSCI's R&D?
Over 4 years (2021 to 2025), MSCI's R&D has grown at a 12.3% compound annual growth rate (CAGR), from $111.56M to $177.63M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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