Msci annual free cash flow
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Msci Free Cash Flow (FCF) History (MSCI)
Msci reported $1.55B in free cash flow for fiscal 2025, an increase of 5.54% from the previous fiscal year, with a free cash flow margin of 49.42%.
View full Msci company overviewMsci free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.55B | $81.3M | +5.54% | +49.42% |
| 2024 | 2024-12-31 | $1.47B | $254.6M | +20.98% | +51.39% |
| 2023 | 2023-12-31 | $1.21B | $131.5M | +12.16% | +47.98% |
| 2022 | 2022-12-31 | $1.08B | $159.2M | +17.26% | +48.11% |
| 2021 | 2021-12-31 | $922.6M | $133.3M | +16.89% | +45.15% |
| 2020 | 2020-12-31 | $789.3M | $108.9M | +16.00% | +46.55% |
| 2019 | 2019-12-31 | $680.4M | $97.9M | +16.81% | +43.68% |
| 2018 | 2018-12-31 | $582.5M | $211.5M | +57.02% | +40.62% |
| 2017 | 2017-12-31 | $371.0M | −$39.1M | −9.53% | +29.12% |
| 2016 | 2016-12-31 | $410.1M | $129.5M | +46.15% | +35.64% |
| 2015 | 2015-12-31 | $280.6M | $17.6M | +6.68% | +26.10% |
| 2014 | 2014-12-31 | $263.0M | −$17.9M | −6.38% | +26.39% |
| 2013 | 2013-12-31 | $280.9M | −$21.3M | −7.04% | +30.76% |
| 2012 | 2012-12-31 | $302.2M | $70.3M | +30.32% | +36.54% |
| 2011 | 2011-12-31 | $231.9M | $61.7M | +36.27% | +25.74% |
| 2010 | 2010-11-30 | $170.2M | $52.6M | +44.78% | +25.67% |
| 2009 | 2009-11-30 | $117.5M | −$12.0M | −9.26% | +26.53% |
| 2008 | 2008-11-30 | $129.5M | — | — | +30.05% |
Msci quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $359.8M | $34.9M | +10.74% | +41.50% |
| Q1 2026 | 2026-03-31 | $304.0M | $13.9M | +4.79% | +35.73% |
| Q4 2025 | 2025-12-31 | $488.7M | $72.3M | +17.36% | +59.41% |
| Q3 2025 | 2025-09-30 | $445.4M | $30.5M | +7.34% | +56.14% |
| Q2 2025 | 2025-06-30 | $324.9M | −$15.7M | −4.62% | +42.05% |
| Q1 2025 | 2025-03-31 | $290.1M | −$5.8M | −1.95% | +38.90% |
| Q4 2024 | 2024-12-31 | $416.4M | $31.2M | +8.11% | +56.00% |
| Q3 2024 | 2024-09-30 | $415.0M | $127.4M | +44.31% | +57.26% |
| Q2 2024 | 2024-06-30 | $340.6M | $58.0M | +20.51% | +48.12% |
| Q1 2024 | 2024-03-31 | $295.9M | $38.0M | +14.71% | +43.51% |
| Q4 2023 | 2023-12-31 | $385.1M | $75.3M | +24.31% | +55.81% |
| Q3 2023 | 2023-09-30 | $287.6M | −$32.2M | −10.08% | +45.98% |
| Q2 2023 | 2023-06-30 | $282.7M | $73.4M | +35.11% | +45.50% |
| Q1 2023 | 2023-03-31 | $257.9M | $15.0M | +6.17% | +43.55% |
| Q4 2022 | 2022-12-31 | $309.8M | $36.5M | +13.37% | +53.77% |
| Q3 2022 | 2022-09-30 | $319.8M | $108.5M | +51.39% | +57.04% |
| Q2 2022 | 2022-06-30 | $209.2M | −$14.0M | −6.29% | +37.91% |
| Q1 2022 | 2022-03-31 | $242.9M | $28.1M | +13.10% | +43.38% |
| Q4 2021 | 2021-12-31 | $273.3M | $47.0M | +20.78% | +49.70% |
| Q3 2021 | 2021-09-30 | $211.2M | $16.0M | +8.20% | +40.85% |
| Q2 2021 | 2021-06-30 | $223.2M | −$35.4M | −13.68% | +44.81% |
| Q1 2021 | 2021-03-31 | $214.8M | $105.6M | +96.77% | +44.90% |
| Q4 2020 | 2020-12-31 | $226.3M | −$5.5M | −2.37% | +51.00% |
| Q3 2020 | 2020-09-30 | $195.2M | $14.5M | +8.01% | +45.90% |
| Q2 2020 | 2020-06-30 | $258.6M | $75.4M | +41.18% | +63.14% |
| Q1 2020 | 2020-03-31 | $109.2M | $24.4M | +28.85% | +26.19% |
| Q4 2019 | 2019-12-31 | $231.7M | $75.8M | +48.57% | +56.99% |
| Q3 2019 | 2019-09-30 | $180.8M | $45.5M | +33.66% | +45.85% |
| Q2 2019 | 2019-06-30 | $183.2M | −$21.0M | −10.29% | +47.51% |
| Q1 2019 | 2019-03-31 | $84.7M | −$2.4M | −2.72% | +22.81% |
| Q4 2018 | 2018-12-31 | $156.0M | $28.6M | +22.42% | +43.13% |
| Q3 2018 | 2018-09-30 | $135.2M | $39.9M | +41.78% | +37.78% |
| Q2 2018 | 2018-06-30 | $204.2M | $85.7M | +72.34% | +56.25% |
| Q1 2018 | 2018-03-31 | $87.1M | $57.4M | +193.28% | +24.79% |
| Q4 2017 | 2017-12-31 | $127.4M | −$3.3M | −2.52% | +38.06% |
| Q3 2017 | 2017-09-30 | $95.4M | −$42.3M | −30.71% | +29.61% |
| Q2 2017 | 2017-06-30 | $118.5M | $10.5M | +9.76% | +37.49% |
| Q1 2017 | 2017-03-31 | $29.7M | −$4.1M | −12.03% | +9.86% |
| Q4 2016 | 2016-12-31 | $130.7M | $50.3M | +62.48% | +44.64% |
| Q3 2016 | 2016-09-30 | $137.7M | $12.7M | +10.14% | +47.73% |
| Q2 2016 | 2016-06-30 | $108.0M | $94.5M | +705.03% | +37.15% |
| Q1 2016 | 2016-03-31 | $33.8M | −$28.0M | −45.34% | +12.10% |
| Q4 2015 | 2015-12-31 | $80.4M | −$17.1M | −17.55% | +29.48% |
| Q3 2015 | 2015-09-30 | $125.0M | $35.1M | +39.06% | +46.50% |
| Q2 2015 | 2015-06-30 | $13.4M | −$45.4M | −77.20% | +4.96% |
| Q1 2015 | 2015-03-31 | $61.7M | $45.0M | +268.69% | +23.50% |
| Q4 2014 | 2014-12-31 | $97.6M | $21.8M | +28.74% | +38.86% |
| Q3 2014 | 2014-09-30 | $89.9M | $33.7M | +60.08% | +35.71% |
| Q2 2014 | 2014-06-30 | $58.8M | −$23.7M | −28.72% | +23.14% |
| Q1 2014 | 2014-03-31 | $16.7M | −$49.7M | −74.81% | +6.99% |
| Q4 2013 | 2013-12-31 | $75.8M | $23.2M | +43.99% | +32.00% |
| Q3 2013 | 2013-09-30 | $56.1M | −$23.3M | −29.32% | +24.56% |
| Q2 2013 | 2013-06-30 | $82.5M | −$22.4M | −21.35% | +36.12% |
| Q1 2013 | 2013-03-31 | $66.5M | $1.3M | +1.94% | +30.29% |
| Q4 2012 | 2012-12-31 | $52.6M | −$21.2M | −28.67% | +42.47% |
| Q3 2012 | 2012-09-30 | $79.4M | −$5.1M | −6.08% | +33.74% |
| Q2 2012 | 2012-06-30 | $104.9M | $1.7M | +1.63% | +43.97% |
| Q1 2012 | 2012-03-31 | $65.2M | $94.9M | — | +28.47% |
| Q4 2011 | 2011-12-31 | $73.8M | $17.8M | +31.73% | +32.63% |
| Q3 2011 | 2011-09-30 | $84.6M | $20.8M | +32.70% | +37.58% |
| Q2 2011 | 2011-06-30 | $103.2M | $34.8M | +50.80% | +45.58% |
| Q1 2011 | 2011-03-31 | −$29.7M | −$11.7M | — | −13.31% |
| Q4 2010 | 2010-11-30 | $56.0M | — | — | +26.26% |
| Q3 2010 | 2010-08-31 | $63.7M | — | — | +31.44% |
| Q2 2010 | 2010-05-31 | $68.5M | — | — | +54.69% |
| Q1 2010 | 2010-02-28 | −$18.0M | — | — | −14.83% |
Msci free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $789.3M to $1.55B, a compound annual growth rate of 14.44%. Msci's latest reported quarter, Q2 2026, generated $359.8M in free cash flow, an increase of 10.74% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Msci filings at SEC.gov ↗