Filing Flows › MSCI (MSCI) › Q2 2025
MSCI (MSCI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 22, 2025
MSCI (MSCI) reported revenue of $773M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before. Operating margin was 55.0%, net earnings $304M (39.3% of revenue).
MSCI, Q2 2025: revenue $773M (+9% year over year), operating margin 55.0%, net earnings $304M, operating cash flow $336M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $773M | +4% | +9% |
| Operating profit | $425M | +13% | +11% |
| Net earnings | $304M | +5% | +14% |
| Operating cash flow | $336M | +11% | -4% |
| Free cash flow | $325M | +12% | -5% |
What changed
Revenue was $772.7M in Q2 2025, up 9% year over year and up 4% from the previous quarter.
Operating profit was $425.3M, a 55.0% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 66% reached operating profit, above the 54% margin then. Total costs grew 7% against revenue growth of 9%. Net earnings were $303.7M, up 14% year over year. The effective tax rate was 19.6%.
Operating cash flow was $336.2M (down 4% year over year), 111% of net earnings. Non-cash charges added back $49.1M of depreciation and amortization and $23.2M of share-based compensation. Working capital and other items used $39.8M. Capital expenditures of $11.3M left free cash flow of $324.9M.
Questions
What was MSCI's revenue in the second quarter 2025?
MSCI (MSCI) reported revenue of $773M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +4% from the quarter before.
Was MSCI profitable in the second quarter 2025?
Operating profit was $425M (55.0% of revenue) and net earnings $304M.
Source: MSCI 10-Q on SEC EDGAR.