================================================================================
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 10-Q

     [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2002

                                       OR

     [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
                              EXCHANGE ACT OF 1934


   FOR THE TRANSITION PERIOD FROM ____________________ TO ____________________

                         COMMISSION FILE NUMBER: 0-24559


                                MULTEX.COM, INC.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

               DELAWARE                                       22-3253344
--------------------------------------               --------------------------
       (State of Incorporation)                           (I.R.S. Employer
                                                        Identification Number)

                          100 WILLIAM STREET, 7TH FLOOR
                            NEW YORK, NEW YORK 10038
                                 (212) 607-2400
-------------------------------------------------------------------------------

(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.


                Yes [X]                                     No [ ]


As of August 7, 2002 there were 32,198,720 shares of the registrant's common
stock outstanding.

================================================================================


<PAGE>


                          QUARTERLY REPORT ON FORM 10-Q
                        MULTEX.COM, INC. AND SUBSIDIARIES


                                TABLE OF CONTENTS

<TABLE>
<CAPTION>


                                                                                                             PAGE
                                                                                                            NUMBER
<S>      <C>                                                                                                   <C>
PART I.  FINANCIAL INFORMATION.................................................................................3

       ITEM 1.    FINANCIAL STATEMENTS (Unaudited):............................................................3

                  Condensed Consolidated Balance Sheets as of June 30, 2002 and December 31, 2001..............3

                  Condensed Consolidated Statements of Operations for the three months and six months
                  ended June 30, 2002 and 2001.................................................................4

                  Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2002
                  and 2001.....................................................................................5

                  Notes to Condensed Consolidated Financial Statements ........................................6

       ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS........9

PART II.  OTHER INFORMATION...................................................................................19

       ITEM 1.    LEGAL PROCEEDINGS...........................................................................19

       ITEM 2.    CHANGES IN SECURITIES AND USE OF PROCEEDS...................................................19

       ITEM 3.    DEFAULTS UPON SENIOR SECURITIES.............................................................19

       ITEM 4.    SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.........................................19

       ITEM 5.    OTHER INFORMATION...........................................................................19

       ITEM 6.    EXHIBITS AND REPORTS ON FORM 8-K............................................................19

       ITEM 7.    SIGNATURES..................................................................................20
</TABLE>



                                       2


<PAGE>


                          PART I. FINANCIAL INFORMATION

                          ITEM 1. FINANCIAL STATEMENTS

                        MULTEX.COM, INC. AND SUBSIDIARIES

                      CONDENSED CONSOLIDATED BALANCE SHEETS

                      (IN THOUSANDS, EXCEPT PER SHARE DATA)
<TABLE>
<CAPTION>
                                                                       JUNE 30,         DECEMBER 31,
                                                                         2002              2001
                                                                         ----              ----
                                                                      (UNAUDITED)        (AUDITED)
                                                                       ----------        ---------
<S>                                                                    <C>              <C>
ASSETS

Current assets:
  Cash and cash equivalents                                            $ 36,266          $ 40,771
  Marketable securities                                                   7,052             1,027
  Accounts receivable, net                                               19,452            18,268
  Other current assets                                                    5,289             4,208
                                                                       --------          --------
Total current assets                                                     68,059            64,274

Property and equipment, net                                              35,139            38,236
Goodwill, net                                                             6,468             6,100
Intangibles, net                                                         15,183            15,795
Investments                                                               4,236             4,236
Other                                                                     6,266             6,245
                                                                       --------          --------
Total assets                                                           $135,351          $134,886
                                                                       ========          ========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable                                                     $  1,949          $  2,341
  Accrued expenses                                                        6,324             5,970
  Deferred revenues                                                      12,244             9,058
                                                                       --------          --------
Total current liabilities                                                20,517            17,369

Long term liabilities:
  Deferred rent                                                           3,071             3,251
  Deferred revenues                                                       2,641                --
                                                                       --------          --------
Total long term liabilities                                               5,712             3,251

Stockholders' equity:
  Preferred stock - $.01 par value:
     Authorized - 5,000,000 shares; none issued and outstanding              --                --
  Common stock - $.01 par value:
     Authorized - 200,000,000 shares; issued
       32,686,000 shares at June 30, 2002
        and 32,525,000 at December 31, 2001                                 327               325
  Additional paid-in capital                                            225,015           227,108
  Accumulated deficit                                                  (108,123)         (104,071)
  Deferred equity consideration                                          (6,813)           (8,920)
  Accumulated other comprehensive income (loss)                             793              (176)
                                                                       --------          --------
                                                                        111,199           114,266
  Less cost of treasury stock:  530,000 shares at June 30, 2002 and
      none at December 31, 2001                                          (2,077)               --
                                                                       --------          --------
Total stockholders' equity                                              109,122           114,266
                                                                       --------          --------
Total liabilities and stockholders' equity                             $135,351          $134,886
                                                                       ========          ========
</TABLE>


  THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED CONSOLIDATED
                             FINANCIAL STATEMENTS.

                                       3
<PAGE>


                       MULTEX.COM, INC. AND SUBSIDIARIES

                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

                (UNAUDITED; IN THOUSANDS, EXCEPT PER SHARE DATA)



<TABLE>
<CAPTION>

                                                           THREE MONTHS ENDED                 SIX MONTHS ENDED
                                                         JUNE 30,       JUNE 30,          JUNE 30,         JUNE 30,
                                                           2002           2001              2002             2001
                                                           ----           ----              ----             ----
<S>                                                     <C>             <C>               <C>               <C>
Gross revenues                                          $ 22,803         $ 23,522         $ 45,371         $ 53,026
Performance-based warrants                                  --             (1,075)            --             (1,075)
                                                        --------         --------         --------         --------
Net revenues                                              22,803           22,447           45,371           51,951

Cost of revenues                                           5,943            7,187           11,770           12,900
                                                        --------         --------         --------         --------
Gross profit                                              16,860           15,260           33,601           39,051

Operating expenses:
   Sales and marketing                                     5,499            7,738           11,031           14,454
   Research and development                                1,538            1,961            3,024            4,567
   General and administrative                              7,200            8,779           14,393           16,957
   Depreciation and amortization                           4,798            4,912            9,334            8,664
   Impairment charge                                        --             25,641             --             25,641
                                                        --------         --------         --------         --------
Total operating expenses                                  19,035           49,031           37,782           70,283

Loss from operations                                      (2,175)         (33,771)          (4,181)         (31,232)

Other income (expense):
   Interest income                                           245              497              505            1,078
   Interest expense                                          (15)              (3)             (28)             (18)
   Equity in loss from unconsolidated business              (186)            --               (372)              --
   Other                                                     200             (173)             204             (173)
                                                        --------         --------         --------         --------
Loss before income taxes                                  (1,931)         (33,450)          (3,872)         (30,345)
Income tax expense                                            90              290              180              380
                                                        --------         --------         --------         --------
Net loss                                                $ (2,021)        $(33,740)        $ (4,052)        $(30,725)
                                                        ========         ========         ========         ========
Basic and diluted net loss per share                    $  (0.06)        $ (1.05)         $  (0.12)        $  (0.96)
                                                        ========         ========         ========         ========
Number of shares used in:
   Basic and diluted loss per share                       32,580           31,994           32,567           31,905
                                                        ========         ========         ========         ========

</TABLE>




   THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS.



                                       4


<PAGE>


                       MULTEX.COM, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

                           (UNAUDITED; IN THOUSANDS)

<TABLE>
<CAPTION>


                                                                        SIX MONTHS ENDED
                                                                 ---------------------------------
                                                                 JUNE 30, 2002       JUNE 30, 2001
                                                                 -------------       -------------
<S>                                                              <C>                 <C>
OPERATING ACTIVITIES
Net loss ....................................................   $ (4,052)              $(30,725)
  Adjustments to reconcile net loss to net cash
       provided by operating activities:
      Amortization of equity consideration ..................      2,107                  2,071
      Depreciation and amortization of property and
       equipment ............................................      6,683                  4,859
      Amortization of goodwill and intangibles ..............      1,523                  2,714
      Loss on disposal of assets ............................        145                     --
      Deferred rent .........................................       (180)                   131
      Performance based warrant charges .....................         --                  1,075
      Bad debt expense ......................................        675                  1,346
      Impairment charges ....................................         --                 25,641
      Changes in operating assets and liabilities:
          Accounts receivable ...............................     (1,727)                 5,326
          Other current assets ..............................     (1,081)                  (425)
          Other assets ......................................       (565)                 1,392
          Accounts payable ..................................       (501)                (2,756)
          Accrued expenses ..................................        354                 (4,876)
          Deferred revenues .................................      1,425                   (417)
                                                                --------              ---------
Net cash provided by operating activities ...................      4,806                  5,356

INVESTING ACTIVITIES
Purchases of marketable securities ..........................     (6,033)               (24,569)
Proceeds from sale or maturities of marketable securities ...         --                 43,050
Proceeds from sale of equipment .............................        127                     --
Purchases of property and equipment .........................     (3,451)                (8,639)
                                                                --------              ---------
Net cash (used) provided by in investing activities .........     (9,357)                 9,842

FINANCING ACTIVITIES
Proceeds  from issuances of common stock, net ...............        235                  2,313
Repayment of long-term debt and capital leases ..............         --                    (70)
                                                                --------              ---------
Net cash provided by financing activities ...................        235                  2,243

Effect of exchange rate changes on cash .....................       (189)                    56
                                                                --------              ---------
Increase (decrease) in cash and cash equivalents ............     (4,505)                17,497
Cash and cash equivalents, beginning of period ..............     40,771                 20,237
                                                                --------              ---------
Cash and cash equivalents, end of period ....................   $ 36,266               $ 37,734
                                                                ========              =========
SUPPLEMENTAL DISCLOSURES OF FINANCIAL INFORMATION
   NONCASH INVESTING AND FINANCING ACTIVITY:
       Surrender of common stock and warrants ...............   $  4,401               $     --
                                                                ========               ========
       Accrued purchase of fixed assets .....................   $    105               $    260
                                                                ========               ========
       Unrealized loss on marketable securities .............   $     (9)              $   (280)
                                                                ========               ========
       Issuance of restricted stock, net ....................   $   --                 $  4,005
                                                                ========               ========
       Fair market value of warrants issued .................   $   --                 $  1,075
                                                                ========               ========
       Taxes paid ...........................................   $    140               $    101
                                                                ========               ========
       Interest paid ........................................   $   --                 $     18
                                                                ========               ========
</TABLE>

  THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS.

                                       5
<PAGE>


              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                  JUNE 30, 2002


NOTE 1 -- THE COMPANY AND BASIS OF PRESENTATION

     Multex.com,  Inc.  (the  "Company"  or  "Multex")  is a global  provider of
investment  information  and  technology  solutions  to the  financial  services
industry,  including brokerage firms, professional money management firms, hedge
funds, venture capital firms, mutual funds, investment banks, corporations,  and
individual investors. Headquartered in New York, the Company also has offices in
Lake Success (New York), San Francisco, London, Edinburgh and Hong Kong.

     The accompanying unaudited condensed consolidated financial statements have
been prepared in accordance with accounting principles generally accepted in the
United States and in accordance  with the  instructions to Form 10-Q and Article
10 of Regulation S-X for interim financial information. Accordingly, they do not
include all of the information and footnotes  required by accounting  principles
generally  accepted in the United States for complete financial  statements.  In
the opinion of  management,  all  adjustments  (consisting  of normal  recurring
adjustments)  considered  necessary for a fair  presentation have been included.
Operating  results for the three and six month  periods  ended June 30, 2002 are
not  necessarily  indicative  of the results  that may be expected  for the year
ending December 31, 2002. The disclosure of segment information was not required
as the Company operates in only one business segment.

     The  condensed  consolidated  balance  sheet at December  31, 2001 has been
derived  from  audited  financial  statements  but does not  include  all of the
information and footnotes required by accounting  principles  generally accepted
in the United States for complete financial statements.

     The  interim  financial  information  contained  herein  should  be read in
conjunction with the consolidated financial statements and notes thereto for the
year ended  December 31, 2001  included in the  Company's  Annual Report on Form
10-K.

     In  order  to  conform  to  the  current   period   presentation,   certain
reclassifications were made to the 2001 financial statements.


NOTE 2 -- USE OF ESTIMATES

     The  preparation  of financial  statements  in conformity  with  accounting
principles  generally accepted in the United States requires  management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the  financial  statements  and the  reported  amounts of revenues  and expenses
during the reporting  period.  Actual results could differ from those estimates.
The Company's  significant  estimates include the useful lives and valuations of
fixed assets and certain intangible assets,  the accounts  receivable  allowance
for doubtful accounts and the income tax valuation allowance.

                                       6

<PAGE>


NOTE 3 -- STOCKHOLDERS' EQUITY

     During  the  three   months   ended  June  30,  2002  the  Company   issued
approximately  11,000 shares of its common stock in connection with the exercise
of stock options and issued approximately  104,000 shares of its common stock in
connection  with the Company's  employee  stock  purchase  plan.  Total proceeds
received were approximately $408,000.

     In June 2002, the Company  received 530,000 shares of its common stock from
Merrill Lynch in  accordance  with an amendment to its existing  agreement.  The
Company recorded the stock as treasury stock totaling approximately $2,077,000.

     During  the  three  months  ended  March  31,  2002,   the  Company  issued
approximately  5,000 shares of its common stock in connection  with the exercise
of stock  options to employees  and  approximately  41,000  shares of its common
stock in connection with grants of restricted stock.

NOTE 4 -- EARNINGS PER SHARE

     The  following  table  sets  forth the  computation  of basic  and  diluted
earnings per share for the periods  indicated  (in  thousands,  except per share
data):

<TABLE>
<CAPTION>
                                                           THREE MONTHS ENDED                SIX MONTHS ENDED
                                                      --------------------------       ----------------------------
                                                                JUNE 30,                         JUNE 30,
                                                          2002            2001             2002            2001
                                                      ------------    ----------       -----------      ----------
<S>                                                   <C>             <C>              <C>              <C>
Numerator:
   Numerator for basic and diluted loss per share
     - net loss available for common stockholders     $    (2,021)    $  (33,740)      $    (4,052)     $  (30,725)
                                                      ===========     ==========       ===========      ==========
Denominator:
   Denominator for basic net loss per share -
     weighted average shares                          $    32,580         31,994            32,567          31,905
   Basic and diluted net loss per share               $     (0.06)    $    (1.05)      $     (0.12)     $    (0.96)
                                                      ===========     ==========       ===========      ==========
</TABLE>

NOTE 5 -- COMPREHENSIVE INCOME (LOSS)

     Total  comprehensive  loss was $0.7 million and $33.7 million for the three
months ended June 30, 2002 and June 30, 2001, respectively.  Total comprehensive
loss was $3.1  million and $30.9  million for the six months ended June 30, 2002
and  June  30,  2001,   respectively.   The  difference  between  net  loss  and
comprehensive net loss is primarily attributable to foreign currency translation
adjustments related to the Company's foreign subsidiaries.

NOTE 6 -- ACCOUNTING PRONOUNCEMENTS

         In June 2001, the Financial Accounting Standards Board issued Statement
of Financial  Accounting  Standard No. 142, Goodwill and Other Intangible Assets
("FAS 142"), effective for fiscal years beginning after December 15, 2001. Under
the new rules,  goodwill (and intangible assets deemed to have indefinite lives)
will no longer be amortized  but will be subject to annual  impairment  tests in
accordance  with the  Statement.  Other  intangible  assets will  continue to be
amortized over their useful lives.

         The Company  adopted the FAS 142 rules of  accounting  for goodwill and
other  intangible  assets  in the  first  quarter  of 2002.  Application  of the
non-amortization provisions of FAS No. 142 decreased amortization expense in the
second quarter of 2002 by approximately  $170,000 compared to the second quarter
of 2001 and is expected to result in an annual decrease in amortization  expense
of  approximately  $680,000  ($0.02 per share) for the year 2002 compared to the
year 2001. During the second quarter of 2002, the Company performed the required
tests of goodwill and other  intangible  assets and determined that there was no
impairment.


                                       7

<PAGE>


     The  following pro forma  information  is presented to reflect net loss and
net loss per share to exclude  amortization  of  goodwill  for the three and six
month  periods  ended June 30,  2001,  as if FAS 142 was  implemented  effective
January 1, 2001 (in thousands, except per share data):


                                           THREE MONTHS    SIX MONTHS
                                           ENDED           ENDED
                                           JUNE 30, 2001   JUNE 30, 2001
                                           -------------   -------------
Net loss:
    Reported net loss                      $   (33, 740)   $   (30,725)
    Goodwill amortization                           170            340
                                           ------------    -----------
      Adjusted net loss                    $    (33,570)   $   (30,385)
                                           ============    ===========
Net loss per share:
    Reported net loss per share            $      (1.05)   $     (0.96)
    Goodwill amortization                             -            .01
                                           -------------   ------------
      Adjusted net loss per share          $      (1.05)   $     (0.95)
                                           =============   ============

NOTE 7 -- MERRILL LYNCH

     On June 20, 2002,  the Company  amended its agreement  with Merrill  Lynch.
Pursuant to the  amendment,  in exchange  for the  elimination  of certain  cash
license fees to be received by the Company through December 2004,  Merrill Lynch
surrendered  530,000 of the  Company's  common stock and warrants to purchase an
aggregate of 1,250,000  shares of the Company's common stock. The Company valued
the common stock at $2,077,000, which represents the number of shares exchanged,
multiplied by the average  closing sale price over the period  commencing  three
days prior to,  and ending  three days  after,  the date of the  amendment,  but
excluding the date of the transaction. The surrendered shares have been recorded
as treasury  stock.  The warrants  surrendered  by Merrill  Lynch were valued at
$2,325,000  using the Black Scholes  valuation model and recorded as a reduction
in additional  paid-in  capital.  The value of the  securities  received will be
amortized to revenue on a  straight-line  basis over the  remaining  life of the
contract.


                                       8
<PAGE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

THE FOLLOWING DISCUSSION OF THE FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF
THE COMPANY CONTAINS  FORWARD-LOOKING  STATEMENTS  WITHIN THE MEANING OF SECTION
27A OF THE SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE SECURITIES
EXCHANGE  ACT OF 1934,  AS  AMENDED.  STATEMENTS  CONTAINED  HEREIN THAT ARE NOT
STATEMENTS OF HISTORICAL  FACT MAY BE DEEMED TO BE  FORWARD-LOOKING  STATEMENTS.
WITHOUT LIMITING THE FOREGOING,  THE WORDS "BELIEVES",  "ANTICIPATES",  "PLANS",
"EXPECTS"  AND SIMILAR  EXPRESSIONS  ARE  INTENDED  TO IDENTIFY  FORWARD-LOOKING
STATEMENTS.  THE COMPANY'S ACTUAL RESULTS AND THE TIMING OF CERTAIN EVENTS COULD
DIFFER MATERIALLY FROM THOSE ANTICIPATED IN THESE FORWARD-LOOKING  STATEMENTS AS
A RESULT OF CERTAIN  FACTORS,  INCLUDING,  BUT NOT LIMITED  TO,  THOSE SET FORTH
UNDER "RISK FACTORS THAT MAY AFFECT FUTURE RESULTS."

OVERVIEW

Multex.com,  Inc. is a global provider of investment  information and technology
solutions  for the  financial  services  industry,  including  brokerage  firms,
professional money management firms, hedge funds,  venture capital firms, mutual
funds,  investment banks,  corporations and individual investors.  We offer four
main products, as follows:

o    MultexNET, launched in June 1996, provides access to real-time,  commingled
     equity and fixed income research, global earnings and revenue estimates and
     company   fundamental   information   to   buyside   investors,    sellside
     institutions, public and private corporations and libraries of professional
     service firms;

o    MultexEXPRESS,  launched in January 1997,  offers the development,  hosting
     and real-time  distribution of research and other investment information on
     customized Web sites to buyside  investments firms,  sellside  institutions
     and other financial services companies;

o    Multex  Investor,  launched in November  1998, is the  Company's  financial
     destination  Web site that provides  financial  data and access to free and
     pay-per-view research on an embargoed basis;

o    Market Guide  database,  acquired in September  1999,  provides  investment
     information products to financial institutions and Web sites, institutional
     investors, corporations and professional vendors.

MultexNET is offered on a one- to three-year  subscription or on a transactional
basis.  The  product  allows  entitled  institutional  investors,  corporations,
financial  institutions  and advisors to access  full-text  investment  research
reports on a real-time  basis from investment  banks,  brokerage firms and other
third-party  research  providers over the Internet or through other distribution
channels.

MultexEXPRESS is offered pursuant to one to three year subscriptions, generating
revenue from professional services,  license fees, hosting and maintenance fees.
MultexEXPRESS  enables  financial  institutions to distribute their  proprietary
financial  research,  as well as other corporate  documents,  over the Internet,
through intranets and other private networks.

Multex Investor provides individual  investors who register as members access to
a range  of  financial  reports  and  services  online  from a  majority  of the
contributors to MultexNET. These reports are available either free of charge, or
for a fee  determined  by  Multex  or the  research  provider.  Multex  Investor
generates revenues from sales transactions,  email and banner  advertising,  and
contractual, lead-generating sponsorships.

Market Guide acquires, integrates,  condenses and publishes accurate, timely and
objective  financial,  descriptive and other information on public corporations.
Market Guide generates  revenue primarily by licensing its database in single or
multi-year contracts.

                                       9

<PAGE>


RESULTS OF OPERATIONS

QUARTER ENDED JUNE 30, 2002 COMPARED TO QUARTER ENDED JUNE 30, 2001

Revenues

Multex's gross revenues  consist of  subscription  fees for MultexNET,  sales of
investment   research  on  a  pay-per-view   basis  through   Multex   OnDemand,
subscription,  development, hosting and license fees for MultexEXPRESS,  license
and   redistribution   fees  for  the  Market  Guide  database,   and  sales  of
sponsorships,  advertising and investment  research  through the Multex Investor
Web site. We also provide professional services to select MultexEXPRESS clients,
including software development, customization and integration services.

Gross  revenues  decreased  3.1% to $22.8 million for the quarter ended June 30,
2002 from $23.5  million for the quarter  ended June 30,  2001.  The decrease in
revenues  reflects a decrease  in Market  Guide and  Multex  Investor  revenues,
offset in part by an increase in MultexEXPRESS  and MultexNET  revenues.  All of
the Company's product lines were adversely affected by continued weakness in the
global financial markets.

MultexEXPRESS revenues increased 2.1% to $9.1 million for the quarter ended June
30, 2002 from $9.0 million for the quarter ended June 30, 2001.  The increase in
revenue  reflected a nonrecurring  termination  fee received during the quarter,
offset in part by a net decrease in  development  and  recurring  revenues  from
existing MultexEXPRESS customers. On a sequential basis,  MultexExpress revenues
increased 5.3% compared to the first quarter of 2002.

MultexNET revenues increased 2.9% to $6.7 million for the quarter ended June 30,
2002 from $6.5  million for the quarter  ended June 30,  2001.  The  increase in
revenues was primarily  attributable to an increase in MultexNET  subscriptions,
offset in part by a decline in Multex  OnDemand  report  sales.  The increase in
MultexNET  subscription  revenues  reflected  the  introduction  of our MultexIR
product in October 2001 and continued  acceptance of new  enhancements  added to
the MultexNET product lines such as NetScreen Pro, Earnings Estimates and Street
Events.  The  decrease  in OnDemand  revenue was due to a decline in  investment
banking activity and general  uncertainty in the global financial markets.  On a
sequential  basis,  MultexNET  revenues  increased  7.6%  compared  to the first
quarter of 2002.

Multex  Investor  revenues  declined 13.8% to $2.5 million for the quarter ended
June 30,  2002 from $2.8  million  for the  quarter  ended June 30,  2001.  This
decline reflects lower advertising and sponsorship  revenues,  offset in part by
an increase in pay-per-view revenues resulting from a new distribution agreement
with a major Internet services company.  On a sequential basis,  Multex Investor
revenues decreased 14.6% compared to the first quarter of 2002.

Market Guide revenues decreased 13.6% to $4.5 million for the quarter ended June
30, 2002 from $5.2  million for the quarter  ended June 30,  2001.  Market Guide
revenues  were  negatively  impacted by a decline in the number of  distributors
carrying the Market Guide database. On a sequential basis, Market Guide revenues
decreased 6.0% compared to the first quarter of 2002.

For  the  quarter  ended  June  30,  2002,   the  Company  did  not  record  any
performance-based   warrant  charges  against  revenue.   The  Company  recorded
performance-based  warrant charges of $1.1 million in the quarter ended June 30,
2001.  Such  performance-based  warrant charges were recorded in the period that
certain  warrants  were  actually  earned by Merrill  Lynch.  The Merrill  Lynch
amendment  in  June  2002   eliminated   the   Company's   obligation  to  issue
performance-based  warrants.  As a result,  the Company will no longer recognize
future warrant charges against revenue.

Cost of Revenues

Cost of revenues consist  primarily of fees payable to distributors of MultexNET
and Multex OnDemand, royalties payable to the authors of investment research and
content  offered  through  Multex  OnDemand,  and the Multex  Investor web site,
internal and external  development costs incurred for  MultexEXPRESS  customers,
research  department costs related to the collection and processing of financial
data and global earnings estimates, and data communications costs.

Cost of revenues  decreased 17.3% to $5.9 million for the quarter ended June 30,
2002 from $7.2 million for the quarter  ended June 30, 2001.  As a percentage of


                                       10
<PAGE>


gross revenues,  cost of revenues  decreased to 26.1% for the quarter ended June
30, 2002 from 30.6% for the quarter ended June 30, 2001. The decrease in cost of
revenues was primarily due to a decrease in external  development costs incurred
for  MultexExpress  customers  offset in part by an  increase in data feed costs
resulting from additional data feeds used in the Company's products.

Operating Expenses

SALES AND MARKETING. Sales and marketing expenses consist primarily of salaries,
commissions,  advertising,  public  relations,  tradeshow  expenses and costs of
marketing  materials.  Sales  and  marketing  expenses  decreased  28.9% to $5.5
million  for the quarter  ended June 30, 2002 from $7.7  million for the quarter
ended June 30, 2001.  As a percentage  of gross  revenues,  sales and  marketing
expenses  decreased to 24.1% for the quarter  ended June 30, 2002 from 32.9% for
the quarter ended June 31, 2001.  The decrease in sales and  marketing  expenses
was primarily due to lower advertising and marketing expenditures and a decrease
in compensation expenses.

RESEARCH AND DEVELOPMENT. Research and development expenses consist primarily of
salaries and benefits. Research and development expenses decreased 21.6% to $1.5
million  for the quarter  ended June 30, 2002 from $2.0  million for the quarter
ended June 30, 2001. As a percentage of gross revenues, research and development
expenses decreased to 6.7% for the quarter ended June 30, 2002 from 8.3% for the
quarter ended June 30, 2001. The decrease in research and  development  expenses
was primarily  attributable to a decrease in compensation costs due to a decline
in the number of developers on staff.

GENERAL  AND  ADMINISTRATIVE.   General  and  administrative   expenses  consist
primarily  of  salaries  and  benefits,   fees  for  professional  services  and
consultants,  facility  expenses,  overhead,  and office  supplies and expenses.
General and  administrative  expenses  decreased  18.0% to $7.2  million for the
quarter  ended June 30, 2002 from $8.8  million  for the quarter  ended June 30,
2001. As a percentage of gross  revenues,  general and  administrative  expenses
decreased  to 31.6% for the  quarter  ended  June 30,  2002  from  37.3% for the
quarter ended June 30, 2001. The decrease in general and administrative expenses
was primarily due to a decrease in  compensation  costs,  professional  fees and
office expenses.

DEPRECIATION AND  AMORTIZATION.  Depreciation and amortization  expenses consist
primarily  of  depreciation  related to fixed  assets,  computer  equipment  and
software,  and  leasehold  improvements,  and  amortization  related to acquired
companies  and  the  cost of  warrants  issued  to  Merrill  Lynch  & Co.,  Inc.
Depreciation and amortization for the quarter ended June 30, 2002 decreased 2.3%
to $4.8  million,  compared to $4.9 million for the quarter ended June 30, 2001.
As a  percentage  of gross  revenues,  depreciation  and  amortization  expenses
increased  to 21.0% for the  quarter  ended  June 30,  2002  from  20.9% for the
quarter ended June 30, 2001. The decrease,  in aggregate dollars,  was primarily
due to a decrease in  amortization  expenses as a result of the  application  of
non-amortization  provisions under FAS 142 effective  January 1, 2002, offset in
part by an increase in depreciation  and amortization  expenses  associated with
increased  fixed assets and leasehold  improvement  balances in 2002 compared to
2001.

Loss from Operations

Loss from  operations  totaled $2.2 million for the quarter  ended June 30, 2002
compared to $33.8  million for the quarter  ended June 30, 2001.  The decline in
loss from operations reflects a nonrecurring  impairment charge of $25.6 million
recorded in June 2001, an increase in gross profit, and a reduction in operating
costs.

Interest Income (Expense)

Net interest  income  decreased 53.4% to $230,000 for the quarter ended June 30,
2002 from  $494,000  for the quarter  ended June 30,  2001.  The decrease in net
interest income is primarily attributable to a decline in interest rates.

Equity in Loss from Unconsolidated Business

Equity in loss of  unconsolidated  business reflects a $186,000 loss the Company
recognized from its equity investment in TheMarkets.com LLC. This investment was
completed in the quarter  ended  September  30, 2001.  There were no  comparable
transactions in the quarter ended June 30, 2001.



                                       11
<PAGE>


Other

Other income of $200,000 for the quarter ended June 30, 2002  includes  proceeds
from an insurance settlement of approximately $346,000, offset in part by a loss
on sale of furniture  and fixtures of $146,000.  For the quarter  ended June 30,
2001,  other expense of $173,000  represents a loss the Company  recognized upon
disposition of an equity investment.

Income Taxes

Income tax expense  totaled  $90,000 for the second  quarter ended June 30, 2002
compared to income taxes of $290,000 for the quarter ended June 30, 2001.

At  December  31,  2001,   Multex  had  net  operating  loss   carryforwards  of
approximately   $63.2   million  and   research  and   development   credits  of
approximately  $2.3 million for income tax purposes  that expire in 2009 through
2020.  The  utilization  with regard to timing and amount of the  Company's  net
operating  loss  carryforwards  may be limited  due to changes in the  Company's
ownership  pursuant to Section 382 of the Internal  Revenue Code.  Substantially
all of the  Company's  deferred  tax  assets  have been  offset  by a  valuation
allowance.

Net loss

The  Company  recorded  a net loss of $2.0  million,  or a net loss per share of
$0.06,  for the second  quarter  ended June 30,  2002  compared to a net loss of
$33.7 million,  or a net loss per share of $1.05, for the quarter ended June 30,
2001.

SIX MONTHS ENDED JUNE 30, 2002 COMPARED TO SIX MONTHS ENDED JUNE 30, 2001

Revenues

Multex's gross revenues  consist of  subscription  fees for MultexNET,  sales of
investment   research  on  a  pay-per-view   basis  through   Multex   OnDemand,
subscription,  development, hosting and license fees for MultexEXPRESS,  license
and   redistribution   fees  for  the  Market  Guide  database,   and  sales  of
sponsorships,  advertising and investment  research  through the Multex Investor
Web site. We also provide professional services to select MultexEXPRESS clients,
including software development, customization and integration services.

Gross  revenues  decreased  14.4% to $45.4 million for the six months ended June
30,  2002 from $53.0  million  for the six months  ended  June 30,  2001.  Gross
revenues reflect lower sales in all four of the Company's product lines. For the
six months ended June 30, 2002, all of the Company's product lines were affected
by the continued weakness in the global financial markets.

MultexEXPRESS revenues decreased 12.6% to $17.8 million for the six months ended
June 30, 2002 from $20.4 million for the six months ended June 30, 2001. The
decrease in revenue is primarily a result of reduced technology spending by many
of the Company's customers.

MultexNET revenues decreased 3.1% to $12.9 million for the six months ended June
30, 2002 from $13.4 million for the six months ended June 30, 2001. The decrease
in MultexNET  sales was primarily  attributable  to a decline in Multex OnDemand
report sales,  partially  offset by an increase in new MultexNET  subscriptions.
The  decrease in OnDemand  revenue  was due to a decline in  investment  banking
activity and general  uncertainty in the global financial markets.  The increase
in MultexNET  subscription  revenues  reflected the  introduction of MultexIR in
October 2001 and continued acceptance of new enhancements added to the MultexNET
product lines such as NetScreen Pro, Earnings Estimates and Street Events.

Multex  Investor  revenues  decreased  32.2% to $5.4  million for the six months
ended June 30, 2002 from $7.8  million for the six months  ended June 30,  2001.
The  decrease  is  primarily  due to a decline in  advertising  and  sponsorship
revenues, offset in part by an increase in pay-per-view revenues.

Market Guide revenues  decreased  18.8% to $9.3 million for the six months ended
June 30, 2002 from $11.5 for the six months  ended June 30,  2001.  Market Guide
revenues were negatively  impacted by a decline in the number of re-distributors
carrying the Market Guide database.


                                       12
<PAGE>


For the six  months  ended  June  30,  2002,  the  Company  did not  record  any
performance-based  warrant charges,  compared to $1.1 million for the six months
ended June 30, 2001.

Cost of Revenues

Cost of revenues consist  primarily of fees payable to distributors of MultexNET
and Multex OnDemand, royalties payable to the authors of investment research and
content  offered  through Multex  OnDemand,  and the Multex  Investor and Market
Guide  web  sites,   internal  and  external   development  costs  incurred  for
MultexEXPRESS customers, research department costs related to the collection and
processing  of  financial  data  and  global   earnings   estimates,   and  data
communications costs.

Cost of revenues  decreased  8.8% to $11.8 million for the six months ended June
30,  2002 from $12.9  million  for the six  months  ended  June 30,  2001.  As a
percentage of gross  revenues,  cost of revenues  increased to 25.9% for the six
months ended June 30, 2002 from 24.3% for the six months ended June 30, 2001. In
terms of aggregate  dollars,  the decrease in cost of revenues was primarily due
to  a  decrease  in  external   development  costs  incurred  for  MultexEXPRESS
customers,  and a decrease in royalty  expenses.  These decreases were offset in
part by an increase in data feed costs.

Operating Expenses

SALES AND MARKETING. Sales and marketing expenses consist primarily of salaries,
commissions,  advertising,  public  relations,  tradeshow  expenses and costs of
marketing  materials.  Sales and  marketing  expenses  decreased  23.7% to $11.0
million for the six months  ended June 30,  2002 from $14.5  million for the six
months  ended  June 30,  2001.  As a  percentage  of gross  revenues,  sales and
marketing  expenses  decreased  to 24.3% for the month  ended June 30, 2002 from
27.3%  for the six  months  ended  June 30,  2001.  The  decrease  in sales  and
marketing expenses was primarily due to lower advertising and marketing expenses
and a decrease in compensation costs.

RESEARCH AND DEVELOPMENT. Research and development expenses consist primarily of
salaries and benefits. Research and development expenses decreased 33.8% to $3.0
million  for the six months  ended June 30,  2002 from $4.6  million for the six
months ended June 30,  2001.  As a percentage  of gross  revenues,  research and
development  expenses  decreased  to 6.7% for the six months ended June 30, 2002
from 8.6% for the six months ended June 30,  2001.  The decrease in research and
development expenses in dollar terms was primarily attributable to a decrease in
compensation  costs as a result of a  decrease  in the number of  developers  on
staff.

GENERAL  AND  ADMINISTRATIVE.   General  and  administrative   expenses  consist
primarily  of  salaries  and  benefits,   fees  for  professional  services  and
consultants,  facility  expenses,  overhead,  and office  supplies and expenses.
General and administrative expenses decreased 15.1% to $14.4 million for the six
months ended June 30, 2002 from $17.0  million for the six months ended June 30,
2001. As a percentage of gross  revenues,  general and  administrative  expenses
decreased to 31.7% for the six months ended June 30, 2002 from 32.0% for the six
months ended June 30, 2001. The decrease,  in aggregate dollars,  in general and
administrative expenses reflects lower compensation costs, professional fees and
office expenses.

DEPRECIATION AND  AMORTIZATION.  Depreciation and amortization  expenses consist
primarily  of  depreciation  related to fixed  assets,  computer  equipment  and
software,  and  leasehold  improvements,  and  amortization  related to acquired
companies  and  the  cost of  warrants  issued  to  Merrill  Lynch  & Co.,  Inc.
Depreciation  and  amortization for the six months ended June 30, 2002 increased
7.7% to $9.3 million, compared to $8.7 million for the six months ended June 30,
2001. As a percentage of gross revenues,  depreciation and amortization expenses
increased  to 20.6% for the six months  ended  June 30,  2002 from 16.3% for the
quarter  ended June 30, 2001.  The increase  reflects  higher  depreciation  and
amortization  expenses  associated  with  increased  fixed assets and  leasehold
improvement  balances in 2002 compared to 2001, offset in part by a reduction in
amortization of goodwill and intangible assets.

IMPAIRMENT  CHARGE.  In the second  quarter  ended June 30,  2001,  the  Company
recorded an impairment  charge of $25.6 million  reflecting the decision to exit
the Sage business and the Buzz product line.


                                       13
<PAGE>


Loss from Operations

Loss from operations totaled $4.2 million for the six months ended June 30, 2002
compared to $31.2 million for the six months ended June 30, 2001. The decline in
loss from operations reflects a reduction in operating expenses,  the absence of
any impairment  charges in the six months ended June 30, 2002, offset in part by
a decrease in net revenues.

Interest Income (Expense)

Net interest  income  decreased  55.0% to $477,000 for the six months ended June
30, 2002 from $1.1 million for the six months ended June 30, 2001.  The decrease
in net interest income is primarily attributable to a decline in interest rates.

Equity in Loss from Unconsolidated Business

Equity in loss of  unconsolidated  business reflects a $372,000 loss the Company
recognized from its equity investment in TheMarkets.com LLC. This investment was
completed in the quarter  ended  September  30, 2001.  There were no  comparable
transactions in the six months ended June 30, 2001.

Other

Other  income of  $204,000  for the six  months  ended  June 30,  2002  includes
proceeds  from  an  insurance  settlement,  offset  in part by a loss on sale of
equipment.  For the  quarter  ended  June 30,  2001 other  expense  of  $173,000
represents  a  loss  the  Company  recognized  upon  disposition  of  an  equity
investment.

Income Taxes

Income tax  expense  totaled  $180,000  for the six months  ended June 30,  2002
compared to income taxes of $380,000 for the six months ended June 30, 2001.

At  December  31,  2001,   Multex  had  net  operating  loss   carryforwards  of
approximately   $63.2   million  and   research  and   development   credits  of
approximately  $2.3 million for income tax purposes  that expire in 2009 through
2020.  The  utilization  with regard to timing and amount of the  Company's  net
operating  loss  carryforwards  may be limited  due to changes in the  Company's
ownership  pursuant to Section 382 of the Internal  Revenue Code.  Substantially
all of the  Company's  deferred  tax  assets  have been  offset  by a  valuation
allowance.

Net loss

The  Company  recorded  a net loss of $4.1  million,  or a net loss per share of
$0.12,  for the six months  ended June 30, 2002  compared to a net loss of $30.7
million,  or a net loss per share of $0.96,  for the six  months  ended June 30,
2001.

LIQUIDITY AND CAPITAL RESOURCES

At June 30, 2002, cash, cash equivalents and marketable  securities  balance was
$43.3 million compared to $41.8 million at December 31, 2001.

Net cash  provided by operating  activities  was $4.8 million for the six months
ended June 30, 2002. This amount  primarily  consisted of the Company's net loss
of $4.1 million, reduced by noncash expenses of $11.1 million primarily relating
to depreciation  and  amortization,  increases in deferred  revenues and accrued
expenses of $1.8 million,  offset in part by increases in accounts receivable of
$1.7 million,  other current assets and other assets $1.7 million, and decreases
in accounts payable of $0.6 million.

Net cash used by investing  activities was $9.4 million for the six months ended
June 30, 2002. This amount includes  purchases of marketable  securities of $6.0
million, purchases of property and equipment of $3.5 million reduced by proceeds
from sale of equipment of $0.1 million.

Net cash  provided by financing  activities  was $0.2 million for the six months
ended June 30, 2002.  This amount was primarily  from net proceeds from issuance
of the Company's stock.


                                       14
<PAGE>


Our  principal  commitments  consist  of  obligations  outstanding  under  lease
agreements  for offices.  Future  calendar year payments for these leases are as
follows:  $5.2 million (2003),  $5.3 million (2004),  $5.2 million (2005),  $3.7
million  (2006),  $3.3 million  (2007),  and $8.7  million,  thereafter.  Future
payments for the period July 2002 through December 2002 are  approximately  $2.3
million. In addition,  under certain circumstances we may be required to provide
additional  funding  for an  investment  that we  account  for under the  equity
method.

We believe that our existing cash, cash  equivalents  and marketable  securities
balances  will be  sufficient  to meet our  anticipated  cash needs for  working
capital and capital expenditures for at least the next twelve months.

CRITICAL ACCOUNTING POLICIES

We consider accounting policies related to impairment of goodwill and intangible
assets to be critical due to the estimation process involved.

At June 30, 2002,  goodwill and intangible  assets  totaled $21.7 million.  With
regard to these  assets,  events  that would  cause us to conduct an  impairment
assessment  include  significant  losses  of  customers,  operating  results  of
acquired  businesses that continually  failed to meet  management's  performance
expectations,  and diminished utility of acquired  technology.  In assessing the
fair  market  value  of  goodwill  and  intangibles,  we must  make  assumptions
regarding  estimated  future cash flows.  If, after  conducting such assessment,
indications of impairment are present in long-lived assets, the estimated future
undiscounted  cash  flows  associated  with the  corresponding  assets  would be
compared to its  carrying  amounts to  determine if a change in useful life or a
write-down to fair value is necessary. If these estimates or related assumptions
change, we may be required to record impairment charges for these assets.

                   RISK FACTORS THAT MAY AFFECT FUTURE RESULTS

MULTEX'S BUSINESS COULD BE MATERIALLY AND ADVERSELY AFFECTED BY THE CURRENT (OR
ANY FUTURE) DOWNTURN IN THE FINANCIAL SERVICES INDUSTRY

We are dependent upon the continued  demand for the  distribution  of investment
research  and other  information  over the  Internet,  which makes our  business
susceptible to downturns in the financial services industry. Our current results
of  operations  reflect,  in part,  the effects of the  current  slowdown in our
markets. In addition, U.S. financial institutions are continuing to consolidate,
increasing  the leverage of our  information  providers to negotiate  prices and
decreasing the overall  potential  market for some of our services.  Weakness in
the financial services industry has adversely impacted our subscription  renewal
rates and may  continue to do so.  These  effects may continue and may worsen if
our customers and clients do not recover or if additional  events adverse to the
global economy or the financial services industry occur.

THE MARKETS FOR OUR PRODUCTS AND SERVICES CHANGE RAPIDLY

The market for the  distribution  of investment  research and other  information
over the  Internet is rapidly  evolving,  and demand and market  acceptance  for
these services continue to be subject to a high level of uncertainty. The market
relating to retail  investing  has  deteriorated  considerably  over the past 24
months, and all of our markets continue to face considerable uncertainty.  It is
difficult  to predict  with any  assurance  the  growth  rate,  if any,  and the
ultimate  size,  of our markets.  We cannot  assure you that the markets for our
services will recover,  will continue to develop, or that our services will ever
achieve broad market  acceptance.  If our customers are not able to recover from
the effects of the continued  downturn in the global economy;  if the market for
our services weakens  further,  develops more slowly than expected once recovery
begins, or becomes  saturated with  competitors;  if our services do not achieve
broad market  acceptance;  or if pricing becomes subject to further  competitive
pressures, our business,  results of operations and financial condition would be
materially and adversely affected.

CUSTOMER CONCENTRATION

Historically,  a significant portion of the Company's revenues in any particular
period has been attributable to a small number of customers.  The composition of
the  Company's  largest  customers  has varied  from year to year.  Sales to the
Company's three largest customers  accounted for approximately  20.4%, 21.5% and
22.1% of the Company's revenues during fiscal 1999, 2000 and 2001, respectively.
Moreover,   sales  by  the  Company  to  Merrill  Lynch  &  Co.   accounted  for


                                       15
<PAGE>


approximately  10.2%, 13.5% and 11.1% of revenues in fiscal 1999, 2000 and 2001,
respectively.  The loss of any significant  customer,  including Merrill Lynch &
Co., could have a material adverse affect on the Company's  business,  financial
condition and results of operations.

MULTEX'S  BUSINESS  COULD BE MATERIALLY  AND ADVERSELY  AFFECTED BY PRESSURES OF
COMPETITION

The market for the  distribution  of investment  research and other  information
over the Internet is intensely competitive. We currently face strong competition
in many of our markets.  Increased competition could result in price reductions,
reduced  gross  margins  and loss of market  share,  any of which  could  have a
material and adverse effect on our business, results of operations and financial
condition. We currently face direct and indirect competition for contributors of
investment  research  and other  reports,  and for  subscribers,  from large and
well-established   distributors  of  financial  information,   such  as  Thomson
Financial  Services.  Some  of  our  competitors  enjoy  exclusive  distribution
arrangements  with major  financial  institutions.  We also compete with,  among
others:

o    companies that provide investment research,  including investment banks and
     brokerage firms, many of whom have their own Web sites;

o    other providers of either free or  subscription  research and data services
     on the Internet;

o    services   provided  by  some  of  our  strategic   distributors  that  are
     competitive  in  one  or  more  respects  with  our  service  offerings;

o    prospective  competitors that offer investment  research-based  services;

o    various  written  publications,  including  traditional  media,  investment
     newsletters,  personal financial  magazines and industry research appearing
     in financial periodicals;

o    services provided by in-house management information services personnel and
     independent systems integrators; and

o    providers of reports  filed under the  Securities  Exchange Act of 1934 and
     other filings with the Securities and Exchange Commission;

Whether or not our competitors are successful,  competition  with these entities
or information sources may materially and adversely affect our business, results
of operations, and financial condition. It is also possible that new competitors
may emerge and rapidly acquire significant market share.

THE LOSS OF ANY OF  MULTEX'S  KEY  PERSONNEL  COULD HAVE A MATERIAL  AND ADVERSE
EFFECT

Our future success will depend, in substantial part, on the continued service of
our  senior  management  team,  none  of whom  has  entered  into an  employment
agreement  with us other than a  non-competition/non-disclosure  agreement.  The
loss of the services of one or more of our key  personnel  could have a material
and  adverse  effect  on our  business,  results  of  operations  and  financial
condition.  We have from time to time in the past experienced,  and we expect to
continue to experience in the future,  difficulty in hiring and retaining highly
skilled employees with appropriate qualifications.

DOING   BUSINESS   INTERNATIONALLY   SUBJECTS   US  TO   ADDITIONAL   REGULATORY
REQUIREMENTS, TAX LIABILITIES AND OTHER RISKS

There are risks inherent in doing business in international  markets,  including
unexpected  changes  in  regulatory   requirements,   potentially   adverse  tax
consequences,   export  restrictions  and  controls,  tariffs  and  other  trade
barriers,  difficulties in staffing and managing foreign  operations,  political
instability, fluctuations in currency exchange rates, and seasonal reductions in
business  activity during the summer months in Europe and various other parts of
the world,  any of which could have a material and adverse effect on the success
of our international operations and, consequently,  on our business,  results of
operations  and  financial  condition.  Furthermore,  we cannot  assure you that
governmental  regulatory  agencies  in one or more  foreign  countries  will not
determine  that  the  services  provided  by  us  constitute  the  provision  of
investment  advice,  which  could  result  in our  having to  register  in these
countries  as an  investment  advisor  or in our  having  to cease  selling  our
services in these  countries,  either of which could have a material and adverse
effect on our business, results of operations and financial condition.


                                       16

<PAGE>


BECAUSE MULTEX'S BUSINESS IS DEPENDENT UPON NETWORK AND COMPUTER SYSTEMS LOCATED
IN ONE  AREA,  WE ARE  SUSCEPTIBLE  TO  PROBLEMS  CAUSED BY  NATURAL  DISASTERS,
TERRORIST ATTACKS, POWER FAILURES,  SYSTEM FAILURES,  SECURITY BREACHES OR OTHER
DAMAGE TO OUR SYSTEM

Our  electronic   distribution  of  investment  research  utilizes   proprietary
technology  that  resides  principally  in New  York  City.  The  continued  and
uninterrupted performance of our network and computer systems is critical to our
success.  There can be no assurance  that such solutions can be implemented in a
timely and cost-effective manner, or at all. Any natural disaster, attack, power
outage or system failure that causes interruptions in our ability to provide our
services to our customers, including failures that affect our ability to collect
research  from  our  information  providers  or  provide  electronic  investment
research to our users,  could reduce customer  satisfaction and, if sustained or
repeated,  would reduce the  attractiveness of our services.  An increase in the
volume of research  reports  handled by our systems,  or in the rate of requests
for this research,  could strain the capacity of our software or hardware, which
could lead to slower response times or system failures. Furthermore, we face the
risk of a security breach of our systems that could disrupt the  distribution of
research and other reports and information.  Our business, results of operations
and financial  condition  could be materially  and adversely  affected if any of
these problems occur or recur.

Our  operations are dependent on our ability to protect our network and computer
systems  against  damage  from  computer   viruses,   fire,   power  loss,  data
communications  failures,  vandalism  and  other  malicious  acts,  and  similar
unexpected adverse events,  such as the September 11, 2001 terrorist attacks. In
addition,  the  failure of our  communications  providers  to  provide  the data
communications   capacity  in  the  time  frame   required  by  us  could  cause
interruptions in the delivery of our services.

THE  MARKET  PRICE  OF OUR  SHARES  MAY  EXPERIENCE  EXTREME  PRICE  AND  VOLUME
FLUCTUATIONS

The stock market has,  from time to time,  experienced  extreme price and volume
fluctuations.  The market prices of the securities of Internet-related companies
have been especially volatile,  including  fluctuations that are often unrelated
to  the  operating   performance  of  the  affected   companies.   Broad  market
fluctuations of this type have adversely affected, and may continue to adversely
affect the  market  price of our common  stock.  The market  price of our common
stock has been, and could  continue to be,  subject to significant  fluctuations
due to a variety of factors, including:

o    public  announcements  concerning  us or our  competitors,  or the Internet
     generally;

o    fluctuations in operating results;

o    downturns in the financial  services  industry  generally or the market for
     securities trading in particular;

o    introductions of new products or services by us or our competitors;

o    future sales of shares of our common stock by major shareholders;

o    future sales of shares  issuable upon the exercise of  outstanding  options
     and warrants in the public market;

o    changes in analysts' earnings estimates; and

o    announcements of technological innovations.

In the past,  companies that have experienced  volatility in the market price of
their stock have been the target of securities class action  litigation.  We are
currently  involved in securities  class action  litigation that could result in
substantial  costs and a diversion of our  management's  attention and resources
and could have a material  adverse effect on our business,  results of operation
and financial condition. We may be subject to further suits in the future.

OUR EXECUTIVE OFFICERS,  DIRECTORS AND 5% OR GREATER STOCKHOLDERS  SIGNIFICANTLY
INFLUENCE ALL MATTERS REQUIRING A STOCKHOLDER VOTE

Our executive officers, directors and existing stockholders who each own greater
than 5% of the outstanding common stock and their affiliates,  in the aggregate,
beneficially own approximately 50% of our outstanding common stock. As a result,
our executive officers, directors and 5% or greater stockholders will be able to
significantly  influence  the outcome of all matters  requiring  approval by our
stockholders,  including the election of directors  and approval of  significant
corporate transactions. This concentration of ownership may also have the effect
of delaying or preventing a change in control.



                                       17

<PAGE>


DISTRIBUTION  AND  OTHER  FEES TO  RESEARCH  PROVIDERS  AND  STRATEGIC  PARTNERS
INCREASE MULTEX'S COSTS

Royalties  and  distribution  fees  payable  to our  information  providers  and
strategic partners to obtain distribution rights to research reports included in
MULTEX  ONDEMAND  constitute a significant  portion of our cost of revenues.  We
face from time to time  considerable  competitive  pressure  to  increase  these
royalties.  Such increases have materially affected our results of operations as
described  herein.  If we are required to further increase the royalties or fees
payable to these information  providers or strategic  partners,  these increased
payments  could have  additional  material and adverse  effects on our business,
results of operations and financial condition.

THE  INADVERTENT  DISTRIBUTION  OF RESEARCH  REPORTS COULD RESULT IN A CLAIM FOR
DAMAGES AGAINST MULTEX OR HARM OUR REPUTATION

Under  certain of our  contracts  we are  required to restrict  distribution  of
financial  information  to those users who have been  authorized  or entitled to
access the report by the information provider. We might inadvertently distribute
a particular report to a user who is not so authorized or entitled,  which could
subject us to a claim for  damages by the  information  provider  or which could
harm our  reputation in the  marketplace,  either of which could have a material
and  adverse  effect  on our  business,  results  of  operations  and  financial
condition.

WE MAY BE SUBJECT TO LEGAL CLAIMS IN CONNECTION  WITH THE CONTENT WE PUBLISH AND
DISTRIBUTE ON THE INTERNET

As a publisher and distributor of online content,  we face potential  direct and
indirect liability for claims of defamation,  negligence,  copyright,  patent or
trademark infringement,  violation of the securities laws and other claims based
upon the  reports and data that we  publish.  For  example,  by  distributing  a
negative investment research report, we may find ourselves subject to defamation
claims,  regardless  of the merits of such  claims.  Computer  failures or human
error may also result in incorrect data being published and distributed  widely.
In these and other  circumstances,  we might be required to engage in protracted
and expensive litigation,  which could have the effect of diverting management's
attention and require us to expend significant financial resources.  Our general
liability  insurance may not cover all of these claims or may not be adequate to
protect us against all  liability  that may be imposed.  Any claims or resulting
litigation could have a material and adverse effect on our business,  results of
operations and financial condition.

IF THE INTERNET INFRASTRUCTURE IS NOT ADEQUATELY MAINTAINED, WE MAY BE UNABLE TO
PROVIDE INVESTMENT RESEARCH AND INFORMATION SERVICES IN A TIMELY MANNER

Our future success will depend, in substantial part, upon the maintenance of the
Internet  infrastructure,   including  a  reliable  network  backbone  with  the
necessary  speed,  data capacity and  security,  and the timely  development  of
enabling  products  for  providing  reliable  and  timely  Internet  access  and
services.  There  can be no  assurance  that the  Internet  infrastructure  will
continue to be able to support the demands placed on it or that the  performance
or reliability of the Internet will not be adversely affected.  The Internet has
experienced  a variety  of  outages  and  other  delays as a result of damage to
portions of its  infrastructure or otherwise,  and these outages or delays could
adversely affect the web sites of our contributors, subscribers or distributors.

WE  MAY  BECOME   SUBJECT  TO  BURDENSOME   GOVERNMENT   REGULATION   AND  LEGAL
UNCERTAINTIES

The laws governing the Internet  remain largely  unsettled,  even in areas where
there has been legislative  action.  Legislation  and/or regulation could dampen
the growth in the use of the Internet  generally and decrease the  acceptance of
the  Internet as a  communications  and  commercial  medium,  which could have a
material and adverse effect on our business, results of operations and financial
condition. In addition, due to the global nature of the Internet, it is possible
that,  although  transmissions  relating to our services originate mainly in the
State of New York,  governments  of other  states,  the United States or foreign
countries might attempt to regulate our services or levy sales or other taxes on
our activities. We cannot assure you that violations of local or other laws will
not be alleged or charged by local, state, federal or foreign governments,  that
we might not  unintentionally  violate these laws or that these laws will not be
modified,  or new laws enacted,  in the future.  Any of these developments could
have a material and adverse  effect on our business,  results of operations  and
financial condition.

                                       18


<PAGE>


         PART II.  OTHER INFORMATION

ITEM 1.        LEGAL PROCEEDINGS

               NONE

ITEM 2.        CHANGES IN SECURITIES AND USE OF PROCEEDS

               NONE

ITEM 3.        DEFAULTS UPON SENIOR SECURITIES

               NONE

ITEM 4.        SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

               The Company held its Annual Meeting of  Stockholders  on June 11,
               2002. The stockholders  elected Isaak Karaev,  Peter Job and John
               Tugwell to the Board of  Directors,  each for a  three-year  term
               expiring  at the 2005 Annual  Meeting.  Directors  continuing  in
               office were Lennert J. Leader, Devin N. Wenig, Maurice Miller and
               Robert Greene.

               The stockholders ratified the appointment of Ernst & Young LLP as
               the Company's  independent public accountants for the fiscal year
               ending December 31, 2002.

               The votes were cast as follows:

         PROPOSAL        FOR             AGAINST      ABSTENTIONS    NON-VOTES
         ----------------------------------------------------------------------
         Accountants     22,727,918      1,599,522    860,741        11,525


         ELECTION OF DIRECTORS      VOTES RECEIVED            VOTES WITHHELD
         -------------------------------------------------------------------
         Isaak Karaev               22,076,290                3,123,416
         Peter Job                  23,076,806                2,122,900
         John Tugwell               23,118,906                2,080,800

ITEM 5.       OTHER INFORMATION

              NONE.

ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K


<TABLE>

<S>               <C>              <C>
     (a)          Exhibits:

                  Exhibit 10.1:     Purchase  and Sale  Agreement  between  Multex.com,  Inc.  and  Merrill  Lynch,
                                    Pierce, Fenner & Smith Incorporated, and ML IBK Positions, Inc.

                  Exhibit 99.1:     Certification  Pursuant  to 18 U.S.C.  Section  1350,  as adopted  pursuant  to
                                    Section 906 of the Sarbanes-Oxley Act of 2002

                  Exhibit 99.2:     Certification  Pursuant  to 18 U.S.C.  Section  1350,  as adopted  pursuant  to
                                    Section 906 of the Sarbanes-Oxley Act of 2002

     (b)          Reports on Form 8-K:      NONE

</TABLE>

                                       19
<PAGE>


ITEM 7.       SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act, the Registrant
has duly  caused  this  report  to be signed  on its  behalf by the  undersigned
thereunto duly authorized.



                                       MULTEX.COM, INC.
                                      (Registrant)


Date:  August  14, 2002                       /s/ ISAAK KARAEV
                                       ----------------------------------------
                                       Name:  Isaak Karaev
                                       Title:  Chief Executive Officer


Date:  August  14,  2002                      /s/ JEFFREY S. GEISENHEIMER
                                       ----------------------------------------
                                       Name:  Jeffrey S. Geisenheimer
                                       Title:  Chief Financial Officer

                                       20