Msci (MSCI) Free Cash Flow (2009 - 2026)
Msci's Free Cash Flow was $422.7 million in Q3 2026, down 5.1% from $445.4 million a year earlier but up 17.5% from the prior quarter.
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Analysis
Msci (MSCI) Free Cash Flow (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Msci's Free Cash Flow was $1.58 billion through Sep 30, 2026, up 6.7% year-over-year; for FY2025, it was $1.55 billion, up 5.5% from FY2024.
- Free Cash Flow has now increased for eight consecutive years, with a five-year compound annual growth rate of 14.4% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $1.47 billion in FY2024 (+21.0%), $1.21 billion in FY2023 (+12.2%), $1.08 billion in FY2022 (+18.1%) and $916.05 million in FY2021 (+16.1%).
- Quarterly Free Cash Flow has moved between $209.21 million (Q2 2022) and $488.73 million (Q4 2025) over five years.
- Compared with a year earlier, Free Cash Flow was higher in five of the last eight quarters, with growth averaging 4.6%.
- The best year-over-year quarter for Free Cash Flow over five years was Q3 2022 (growth of 51.4%); the worst was Q3 2023 (a decline of 10.1%).
- Per Business Quant data, MSCI's Free Cash Flow in the three quarters before Q3 2026 was $359.8 million (Q2 2026), $304 million (Q1 2026) and $488.73 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn | 422.70 Mn |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn | 1.16 Bn |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn | 668.00 Mn |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn | 200.00 Mn |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn | 436.90 Mn |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - | 362.60 Mn |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn | 177.31 Mn |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn | 155.40 Mn |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - | 4.87 Bn |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 422.70 Mn |
| Jun 30, 2026 | 359.80 Mn |
| Mar 31, 2026 | 304.00 Mn |
| Dec 31, 2025 | 488.73 Mn |
| Sep 30, 2025 | 445.40 Mn |
| Jun 30, 2025 | 324.90 Mn |
| Mar 31, 2025 | 290.10 Mn |
| Dec 31, 2024 | 416.39 Mn |
| Sep 30, 2024 | 414.98 Mn |
| Jun 30, 2024 | 340.63 Mn |
| Mar 31, 2024 | 295.87 Mn |
| Dec 31, 2023 | 385.14 Mn |
| Sep 30, 2023 | 287.57 Mn |
| Jun 30, 2023 | 282.65 Mn |
| Mar 31, 2023 | 257.92 Mn |
| Dec 31, 2022 | 309.82 Mn |
| Sep 30, 2022 | 319.79 Mn |
| Jun 30, 2022 | 209.21 Mn |
| Mar 31, 2022 | 242.93 Mn |
| Dec 31, 2021 | 266.76 Mn |
API Access
Msci Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MSCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "MSCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MSCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();