MSCI financials
$539.76−0.55%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.13B | $2.86B | $2.53B | $2.25B | $2.04B | $1.70B | $1.56B | $1.43B | $1.27B | $1.15B |
| Gross profit | $2.58B | $2.34B | $2.08B | $1.84B | $1.68B | $1.40B | $1.26B | $1.15B | $1.00B | $898.6M |
| Gross margin | 82.4% | 82.0% | 82.3% | 82.0% | 82.4% | 82.8% | 81.1% | 80.0% | 78.5% | 78.1% |
| Operating income | $1.71B | $1.53B | $1.38B | $1.21B | $1.07B | $884.8M | $755.7M | $686.9M | $579.8M | $488.1M |
| Net income | $1.20B | $1.11B | $1.15B | $870.6M | $726.0M | $601.8M | $563.6M | $507.9M | $304.0M | $260.9M |
| Net margin | 38.4% | 38.8% | 45.4% | 38.7% | 35.5% | 35.5% | 36.2% | 35.4% | 23.9% | 22.7% |
| Diluted EPS | $15.69 | $14.05 | $14.39 | $10.72 | $8.70 | $7.12 | $6.59 | $5.66 | $3.31 | $2.70 |
| EBITDA | $1.91B | $1.71B | $1.52B | $1.33B | $1.21B | $971.5M | $835.1M | $772.4M | $659.8M | $569.5M |
| Operating cash flow | $1.59B | $1.50B | $1.24B | $1.10B | $936.1M | $811.1M | $709.5M | $612.8M | $404.2M | $442.4M |
| Free cash flow | $1.46B | $1.39B | $1.15B | $1.02B | $883.3M | $760.1M | $655.8M | $563.8M | $355.3M | $399.7M |
| Diluted shares | 76.6M | 79.0M | 79.8M | 81.2M | 83.5M | 84.5M | 85.5M | 89.7M | 91.9M | 96.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $515.3M | $409.4M | $461.7M | $993.6M | $1.42B | $1.30B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $6.20B | $4.51B | $4.51B | $4.51B | $4.16B | $3.37B |
| Total assets | $5.70B | $5.45B | $5.52B | $5.00B | $5.51B | $4.20B |
| Total liabilities | $8.36B | $6.39B | $6.26B | $6.01B | $5.67B | $4.64B |
| Shareholders' equity | -$2.65B | -$940.0M | -$739.8M | -$1.01B | -$163.5M | -$443.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology