MSCI Inc. reported its financial results for the fourth quarter (Q4) and full year (FY) ended 31 December 2025. For Q4 2025, the company recorded revenues of USD 822.5 million, an increase of 10.6 percent. Recurring subscription revenues rose by 7.5 percent, while asset-based fees increased by 20.7 percent. Adjusted EBITDA was USD 512 million, with an adjusted EBITDA margin of 62.2 percent. Net income for the quarter was USD 284.7 million, and diluted earnings per share $(EPS)$ was USD 3.81, representing a decline of 2.3 percent. Adjusted EPS for Q4 stood at USD 4.66, up 11.5 percent. For the full year 2025, revenues reached USD 3.1 billion. Net income for the year was USD 1.2 billion, and diluted EPS was USD 15.69, an increase of 11.7 percent. Adjusted EPS for the year was USD 17.28, up 13.7 percent. Full-year adjusted EBITDA was USD 1.9 billion, with an adjusted EBITDA margin of 60.8 percent.

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