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                     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 MARCH 31, 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 May 10, 2002,  there were  32,669,143  shares of the  registrant's  common
stock outstanding.

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<PAGE>


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


                                TABLE OF CONTENTS


                                                                           PAGE
                                                                          NUMBER

PART I.  FINANCIAL INFORMATION.................................................3

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

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

                Condensed Consolidated Statements of Operations
                 for the three months ended March 31, 2002 and 2001............4

                Condensed Consolidated Statements of Cash Flows
                for the three months ended March 31, 2002 and 2001.............5

                Notes to Condensed Consolidated Financial Statements
                March 31, 2002.................................................6

       ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                FINANCIAL CONDITION AND RESULTS OF OPERATIONS..................8

PART II.  OTHER INFORMATION...................................................17

       ITEM 1.  LEGAL PROCEEDINGS.............................................17

       ITEM 2.  CHANGES IN SECURITIES AND USE OF PROCEEDS.....................17

       ITEM 3.  DEFAULTS UPON SENIOR SECURITIES...............................17

       ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS...........17

       ITEM 5.  OTHER INFORMATION.............................................17

       ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K..............................17

       ITEM 7.  SIGNATURES....................................................18

                                       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)


                                                       MARCH 31,    DECEMBER 31,
                                                         2002           2001
                                                      ----------     ----------
ASSETS                                               (unaudited)      (audited)
Current assets:
  Cash and cash equivalents                           $   35,597     $   40,771
  Marketable securities                                    6,157          1,027
  Accounts receivable, net                                18,954         18,268
  Other current assets                                     5,236          4,208
                                                      ----------     ----------
Total current assets                                      65,944         64,274

Property and equipment, net                               37,264         38,236
Goodwill, net                                              5,966          6,100
Intangibles, net                                          15,185         15,795
Investments                                                4,236          4,236
Other                                                      5,957          6,245
                                                      ----------     ----------
Total assets                                          $  134,552     $  134,886
                                                      ==========     ==========

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable                                    $    3,993     $    2,341
  Accrued expenses                                         6,072          5,970
  Deferred revenues                                        8,693          9,058
                                                      ----------     ----------
Total current liabilities                                 18,758         17,369

Long term liabilities:
  Deferred rent                                            3,040          3,251
                                                      ----------     ----------
Total long term liabilities                                3,040          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 and outstanding 32,560,000 shares
    at March 31, 2002 and 32,525,000 at
    December 31, 2001                                        326            325
  Additional paid-in capital                             226,934        227,108
  Accumulated deficit                                   (106,102)      (104,071)
  Deferred equity consideration                           (7,850)        (8,920)
  Accumulated other comprehensive (loss) income             (554)          (176)
                                                      ----------     ----------
Total stockholders' equity                               112,754        114,266
                                                      ----------     ----------
Total liabilities and stockholders' equity            $  134,552     $  134,886
                                                      ==========     ==========

         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)


                                                           THREE MONTHS ENDED
                                                         MARCH 31,     MARCH 31,
                                                           2002          2001
                                                         --------      --------
Gross revenues                                           $ 22,568      $ 29,504
Performance-based warrants                                     --            --
                                                         --------      --------
Net revenues                                               22,568        29,504

Cost of revenues                                            5,827         5,713
                                                         --------      --------
Gross profit                                               16,741        23,791

Operating expenses:
   Sales and marketing                                      5,532         6,716
   Research and development                                 1,486         2,606
   General and administrative                               7,193         8,178
   Depreciation and amortization                            4,536         3,752
                                                         --------      --------
Total operating expenses                                   18,747        21,252

Income (loss) from operations                              (2,006)        2,539

Other income (expense):
   Interest income                                            264           581
   Interest expense                                           (13)          (15)
   Equity in loss from unconsolidated business               (186)           --
                                                         --------      --------
Income (loss) before income taxes                          (1,941)        3,105
Income tax expense                                             90            90
                                                         --------      --------
Net income (loss)                                        $ (2,031)     $  3,015
                                                         ========      ========

Basic and diluted net income (loss) per share            $  (0.06)     $   0.09
                                                         ========      ========
Number of shares used in:
   Basic income (loss) per share                           32,553        31,831
                                                         ========      ========
   Diluted income (loss) per share                         32,553        34,291
                                                         ========      ========

         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)

                                                            THREE MONTHS ENDED
                                                          ---------------------
                                                          MARCH 31,    MARCH 31,
                                                            2002         2001
                                                          --------     --------
OPERATING ACTIVITIES
Net (loss) income .....................................   $ (2,031)    $  3,015
  Adjustments to reconcile net income (loss) from
    continuing operations to net cash provided by
    operating activities:
    Amortization of equity consideration ..............      1,070          997
    Depreciation and amortization of property
      and equipment ...................................      3,224        1,854
    Amortization of goodwill and intangibles ..........        748        1,357
    Deferred rent .....................................       (211)         196
    Bad debt expense ..................................        387          385
    Changes in operating assets and liabilities:
      Accounts receivable .............................     (1,099)       2,426
      Other current assets ............................     (1,028)         326
      Other assets ....................................         16           22
      Accounts payable ................................        744       (2,768)
      Accrued expenses ................................        102       (4,334)
      Deferred revenues ...............................       (365)      (1,441)
                                                          --------     --------
Net cash provided by operating activities .............      1,557        2,035

INVESTING ACTIVITIES
Purchases of marketable securities ....................     (5,149)     (11,014)
Proceeds from sale or maturities of
  marketable securities ...............................         --       29,687
Purchases of property and equipment ...................     (1,463)      (3,492)
                                                          --------     --------
Net cash provided by (used) in investing activities ...     (6,612)      15,181

FINANCING ACTIVITIES
Proceeds  from issuances of stock .....................          3          911
Repayment of long-term debt and capital leases ........         --          (35)
                                                          --------     --------
Net cash provided  by financing activities ............          3          876

Effect of exchange rate changes on cash ...............       (122)          49
                                                          --------     --------
Increase (decrease) in cash and cash equivalents ......     (5,174)      18,141
Cash and cash equivalents, beginning of period ........     40,771       20,237
                                                          --------     --------
Cash and cash equivalents, end of period ..............   $ 35,597     $ 38,378
                                                          ========     ========
SUPPLEMENTAL DISCLOSURES OF FINANCIAL INFORMATION
  NONCASH INVESTING AND FINANCING ACTIVITY:

    Accrued purchase of fixed assets                      $    764     $  1,138
                                                          ========     ========
    Unrealized loss on marketable securities              $    (19)    $   (268)
                                                          ========     ========
    Issuance of restricted stock, net                     $   (176)    $  3,897
                                                          ========     ========
    Taxes paid                                            $     77     $     46
                                                          ========     ========
    Interest paid                                         $      2     $     15
                                                          ========     ========

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

                                       5
<PAGE>


              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                   (UNAUDITED)
                                 MARCH 31, 2002


NOTE 1 -- THE COMPANY AND BASIS OF PRESENTATION

     Multex.com,  Inc. (the "Company" or  "Multex.com")  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-month  period  ended  March 31,  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  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):

                                                             THREE MONTHS ENDED
                                                                  MARCH 31,
                                                            --------------------
                                                              2002        2001
                                                            --------     -------
Numerator:

  Numerator for basic and diluted net income (loss)
    per share - net income (loss) available for
    common stockholders                                     $ (2,031)    $ 3,015
                                                            ========     =======

Denominator:

  Denominator for basic net income (loss)
    per share - weighted average shares                       32,553      31,831
  Assumed conversion of outstanding stock options
    and warrants                                                  --       2,460
                                                            --------     -------
  Denominator for diluted net income (loss)
    per share - weighted average shares                       32,553      34,291
                                                            --------     -------
  Basic and diluted net income (loss) per share             $  (0.06)    $  0.09
                                                            ========     =======

NOTE 5 -- COMPREHENSIVE INCOME (LOSS)

     Total  comprehensive loss was $2.4 million and total  comprehensive  income
was $2.8  million for the three  months ended March 31, 2002 and March 31, 2001,
respectively.

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
first quarter of 2002 by approximately $170,000 compared to the first 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  will perform the required
impairment  tests of goodwill and other intangible  assets.  The Company has not
yet  determined  what the  effect of these  tests  will be on its  earnings  and
financial position.

                                       7
<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  either  as 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 also  offered  pursuant  to one to three  year  subscriptions,
generating  revenue from  professional  service and license 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  the  research  provider.  Multex  Investor  generates
revenues from sales transactions, email and banner advertising, and contractual,
lead-generating  sponsorships.  Sponsors to Multex Investor include full-service
brokerage  firms and  other  financial  institutions  interested  in  attracting
individual investors to their products, services and brands.

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.

                                       8
<PAGE>


RESULTS OF OPERATIONS

QUARTER ENDED MARCH 31, 2002 COMPARED TO QUARTER ENDED MARCH 31, 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 23.5% to $22.6 million for the quarter ended March 31,
2002 from  $29.5  million  for the  quarter  ended  March 31,  2001.  All of the
Company's  product lines were negatively  affected by the continued  weakness in
the global  financial  markets.  On a sequential  basis,  revenues  increased by
approximately $300,000 compared to the fourth quarter of 2001.

MultexEXPRESS  revenue decreased 24% to $8.7 million for the quarter ended March
31, 2002 from $11.4 million for the quarter  ended March 31, 2001.  The decrease
in revenue is primarily a result of reduced  technology  spending by many of the
Company's customers. On a sequential basis,  MultexExpress revenues increased 5%
compared to the fourth quarter of 2001.

MultexNET  sales  decreased 9% to $6.2  million for the quarter  ended March 31,
2002 from $6.8  million for the quarter  ended March 31,  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 Fusion. On a
sequential basis, MultexNET revenues increased 6% compared to the fourth quarter
of 2001.

Multex  Investor  revenues  declined 43% to $2.9  million for the quarter  ended
March 31,  2002 from $4.9  million for the quarter  ended March 31,  2001.  This
decline reflects lower advertising and sponsorship  revenues,  offset in part by
an increase in pay-per-view  revenues.  On a sequential  basis,  Multex Investor
revenues decreased 3% compared to the fourth quarter of 2001.

Market Guide revenues  decreased 23% to $4.8 million for the quarter ended March
31, 2002 from $6.3 million for the quarter ended March 31, 2001. The decrease in
revenues was primarily due to an increase in customer  bankruptcies and customer
defaults.

For the  quarters  ended  March 31,  2002 and March 31, 2001 the Company did not
record any  performance-based  warrant charges with Merrill Lynch. These charges
will be recorded in the periods in which the warrants are earned.

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,  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  increased 2.0% to $5.8 million for the quarter ended March 31,
2002 from $5.7 million for the quarter  ended March 31, 2001. As a percentage of
gross revenues,  cost of revenues increased to 25.8% for the quarter ended March
31, 2002 from 19.4% for the quarter  ended March 31, 2001.  The increase in cost
of  revenues  was  primarily  due to the  addition of new data feeds used in the
Company's  products.  On a  sequential  basis,  cost of  revenues  declined  1%,
reflecting lower telecommunication charges and compensation expenses.

                                       9
<PAGE>


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  17.6% to $5.5
million for the quarter  ended March 31, 2002 from $6.7  million for the quarter
ended March 31, 2001.  As a percentage  of gross  revenues,  sales and marketing
expenses  increased to 24.5% for the quarter ended March 31, 2002 from 22.8% for
the quarter ended March 31, 2001.  The decrease in sales and marketing  expenses
was primarily due to lower  advertising  and  marketing  expenditures  and lower
commissions resulting from a decrease in sales.

RESEARCH AND DEVELOPMENT. Research and development expenses consist primarily of
salaries and benefits. Research and development expenses decreased 43.0% to $1.5
million for the quarter  ended March 31, 2002 from $2.6  million for the quarter
ended  March  31,  2001.  As  a  percentage  of  gross  revenues,  research  and
development expenses decreased to 6.6% for the quarter ended March 31, 2002 from
8.8% for the  quarter  ended  March 31,  2001.  The  decrease  in  research  and
development expenses in dollar terms was primarily  attributable to a decline in
the number of developers  on staff and an increase in the number of  capitalized
internally developed software projects.

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  12.0% to $7.2  million for the
quarter  ended March 31, 2002 from $8.2 million for the quarter  ended March 31,
2001. As a percentage of gross  revenues,  general and  administrative  expenses
increased  to 31.9% for the  quarter  ended  March 31,  2002 from  27.7% for the
quarter ended March 31, 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 recently
acquired  companies and the cost of warrants issued to Merrill Lynch & Co., Inc.
Depreciation  and  amortization  for the quarter ended March 31, 2002  increased
20.9% to $4.5 million,  compared to $3.8 million for the quarter ended March 31,
2001. This increase was due to an increase in capitalized  software  costs,  and
additional computer purchases and leasehold improvements in 2001, offset in part
by a decrease in amortization of goodwill.

Income (loss) from Operations

Loss from operations  totaled $2.0 million for the quarter ended March 31, 2002,
compared to income from  operations  of $2.5 million for the quarter ended March
31, 2001.  Loss from operations  reflects a decline in revenues,  an increase in
cost of revenues, depreciation and amortization, offset in part by a decrease in
sales and marketing,  research and  development  and general and  administrative
expenses.

Interest Income (Expense)

Net interest income  decreased 56.4% to $247,000 for the quarter ended March 31,
2002 from  $566,000 for the quarter  ended March 31,  2001.  The decrease in net
interest  income is primarily  attributable to a decline in interest rates and a
lower cash balance.

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 first quarter ended March 31, 2001.

Income Taxes

Income tax expense  totaled  $90,000 for the first  quarter ended March 31, 2002
and for the quarter ended March 31, 2001.  Income tax expense  consists of state
and local franchise taxes.

                                       10
<PAGE>


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.

Net income (loss)

The  Company  recorded  a net loss of $2.0  million,  or a net loss per share of
$0.06, for the first quarter ended March 31, 2002 compared to net income of $3.0
million, or earnings per share of $0.09, for the quarter ended March 31, 2001.

LIQUIDITY AND CAPITAL RESOURCES

At March 31, 2002,  and also at December 31, 2001, we had $41.8 million of cash,
cash equivalents and marketable securities.

Net cash provided by operating  activities was $1.6 million for the three months
ended March 31, 2002. This amount primarily  consisted of the Company's net loss
of $2.0  million,  reduced by noncash  expenses of $5.2  million,  increases  in
accounts  payable  and  accrued  expenses  of $.9  million,  offset  in  part by
increases in accounts  receivable and other current assets of $2.1 million,  and
decreases in deferred revenues and other liabilities of $0.4 million.

Net cash used by  investing  activities  was $6.6  million for the three  months
ended March 31, 2002. This amount includes purchases of marketable securities of
$5.1 million and purchases of property and equipment of $1.5 million.

Our  principal  commitments  consist  of  obligations  outstanding  under  lease
agreements  for offices.  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 March 31, 2002,  goodwill and intangible  assets totaled $21.1 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. The September 11, 2001 terrorist attacks affected many of our customers
located in and around the World Trade Center,  which,  together with the

                                       11
<PAGE>


broader effects of the terrorist  attacks,  compounded the effects of an already
slow global economy. 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.

MULTEX'S  BUSINESS WOULD BE MATERIALLY AND ADVERSELY  AFFECTED IF THE MARKET FOR
ONLINE INVESTMENT RESEARCH DOES NOT CONTINUE TO GROW

In order to be successful,  we must increase our revenues from subscription fees
for MULTEXNET, and from development, hosting, license, and subscription fees for
MULTEXEXPRESS.  We must generate  additional  sales of investment  research on a
pay-per-view basis through MULTENET ONDEMAND, attract more users to and generate
more leads for our sponsors from MULTEX INVESTOR, and increase the total license
fees generated from the MARKET GUIDE database.  Our recent results of operations
with respect to MULTEX  INVESTOR  reflect the adverse  effects of lack of growth
(and even  contraction)  in certain of our markets.  In order to accomplish  our
objectives, we must:

o  anticipate and adapt to the changing Internet and financial markets;

o  attract and retain more  subscribers,  research  and data  contributors,  and
   technology and business partners;

o  successfully  execute our sales,  marketing,  and branding  strategies,  both
   domestically and internationally;

o  attract, retain and motivate qualified personnel;

o  respond to actions taken by our competitors;

o  continue to build an  infrastructure  to effectively  manage our business and
   handle any future changes in usage; and

o  integrate acquired businesses, technologies, assets, products and services.

If we are  unsuccessful  in addressing  these risks or in executing our business
strategy  going  forward,  our business,  results of  operations,  and financial
condition would be materially and adversely affected.

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 in the 18 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
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.

                                       12
<PAGE>


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;

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

o  Standard  & Poor's  company-specific  reports;  and o Value  Line  investment
   research reports.

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.

                                       13
<PAGE>


MULTEX'S RECOVERY FROM THE SEPTEMBER 11TH TERRORIST ATTACKS
MAY NOT PROCEED AS EXPECTED

Multex has allocated  significant  resources to its recovery  efforts  resulting
from the aftermath of the September 11, 2001 terrorist attacks.  We may continue
to incur  significant  additional  expenses  as a result of  increased  security
requirements  and other related costs. In addition,  many of Multex's  customers
are still in the midst of efforts to recover from the attacks. Those efforts may
or may not be successful, or may happen more slowly than anticipated.

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. We
continue to devote  resources  towards our recovery  from the September 11, 2001
disaster and protecting our  infrastructure  against any similar disaster in the
future. In addition, the failure of our communications  providers to provide the
data communications  capacity in the time frame required by us, as occurred, for
example,  in the  aftermath of the  September  11th  attacks,  could again 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.

                                       14
<PAGE>


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.

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.  Our  temporary  loss  of  Internet  data  communications  due  to the
September  11th  terrorist  attacks  illustrates  this  risk.  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.

                                       15
<PAGE>


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.

                                       16
<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

              NONE

ITEM 5.       OTHER INFORMATION

              On April 23, 2002, Maurice Miller was appointed to the Multex
              Board of Directors.

ITEM 6.       EXHIBITS AND REPORTS ON FORM 8-K

(a)               Exhibits:                 NONE

(b)               Reports on Form 8-K:      NONE


                                       17
<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:  May 14, 2002                     /s/ ISAAK KARAEV
                                 -----------------------------------------------
                                 Name:  Isaak Karaev
                                 Title: Chief Executive Officer


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

                                       18