MSCI Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $342.0M | $406.0M | $284.6M | $325.4M | $303.7M | $288.6M | $305.5M | $280.9M |
| Depreciation & Amortization | $6.2M | $5.9M | $7.5M | $5.8M | $5.4M | $4.7M | $4.3M | $4.3M |
| Depreciation | $6.2M | $5.9M | $7.5M | $5.8M | $5.4M | $4.7M | $4.3M | $4.3M |
| Amortization | $43.8M | $41.9M | $40.9M | $40.9M | $43.7M | $43.9M | $42.7M | $41.9M |
| Stock-Based Compensation | $25.4M | $47.7M | $25.6M | $22.6M | $23.2M | $40.0M | $23.0M | $18.5M |
| Net Cash from Operating Activities | $370.8M | $306.8M | $501.1M | $449.4M | $336.2M | $301.7M | $430.6M | $421.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $11.0M | $2.8M | $12.4M | $4.0M | $11.3M | $11.6M | $14.2M | $6.6M |
| Business Acquisitions | $17.1M | $41.7M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-61.5M | $-70.5M | $-36.5M | $-26.1M | $-34.6M | $-32.9M | $-36.7M | $-28.1M |
| Financing Activities | ||||||||
| Dividends Paid | $149.5M | $150.5M | $135.1M | $137.9M | $139.7M | $143.8M | $125.1M | $125.8M |
| Stock Repurchases | $168.4M | $414.8M | $906.8M | $1.23B | $138.5M | $213.1M | $374.0M | $199.5M |
| Net Cash from Financing Activities | $-339.4M | $-364.5M | $-349.8M | $-369.4M | $-321.1M | $-321.7M | $-476.2M | $-350.3M |
| Net Change in Cash | $-28.9M | $-130.0M | $115.2M | $52.7M | $-13.3M | $-48.7M | $-91.6M | $49.6M |
| Free Cash Flow | $359.8M | $304.0M | $488.7M | $445.4M | $324.9M | $290.1M | $416.4M | $415.0M |