MCO · Moodys Corp /De/ - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.08B | - | $2.01B | $1.90B | $1.92B | - | $1.81B | $1.82B | $1.79B | - |
| Cost of Revenue | $531.00M | - | $492.00M | $489.00M | $491.00M | - | $512.00M | $469.00M | $467.00M | - |
| Gross Profit | $1.55B | - | $1.51B | $1.41B | $1.43B | - | $1.30B | $1.35B | $1.32B | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $477.00M | - | $453.00M | $443.00M | $439.00M | - | $434.00M | $446.00M | $413.00M | - |
| Total Operating Expenses | $1.16B | - | $1.09B | $1.08B | $1.08B | - | $1.07B | $1.04B | $985.00M | - |
| D&A | $122.00M | - | $123.00M | $120.00M | $113.00M | - | $108.00M | $110.00M | $100.00M | - |
| Operating Income | $922.00M | - | $917.00M | $818.00M | $846.00M | - | $738.00M | $775.00M | $801.00M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $209.00M | - | $220.00M | $193.00M | $179.00M | - | $169.00M | $166.00M | $175.00M | - |
| Net Income | $661.00M | - | $646.00M | $578.00M | $625.00M | - | $534.00M | $552.00M | $577.00M | - |
| EPS - Basic | $3.74 | - | $3.61 | $3.22 | $3.47 | - | $2.94 | $3.03 | $3.16 | - |
| EPS - Diluted | $3.73 | - | $3.60 | $3.21 | $3.46 | - | $2.93 | $3.02 | $3.15 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.47B | $2.38B | $2.18B | $2.17B | $2.14B | $2.41B | $2.64B | $2.63B | $2.48B | $2.13B |
| Accounts Receivable | $2.04B | $2.02B | $1.77B | $1.78B | $1.85B | $1.80B | $1.71B | $1.69B | $1.83B | $1.66B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $97.00M | $62.00M | $54.00M | $53.00M | $98.00M | $53.00M | $50.00M | $57.00M | $88.00M | $23.00M |
| Current Assets | $4.21B | $5.19B | $4.60B | $4.64B | $4.57B | $5.29B | $5.39B | $4.88B | $4.81B | $4.34B |
| Total Assets | $14.73B | $15.83B | $15.41B | $15.49B | $15.10B | $15.51B | $15.77B | $15.01B | $15.01B | $14.62B |
| Current Liabilities | $3.64B | $2.98B | $2.50B | $2.65B | $2.92B | $3.60B | $3.23B | $3.22B | $3.38B | $2.50B |
| Long-term Debt | $6.39B | $6.99B | $6.98B | $6.97B | $6.82B | $6.73B | $6.88B | $6.25B | $6.26B | $7.00B |
| Total Liabilities | $11.59B | $11.63B | $11.30B | $11.38B | $11.24B | $11.78B | $11.70B | $11.07B | $11.28B | $11.15B |
| Stockholders' Equity | $2.99B | $4.05B | $3.96B | $3.95B | $3.70B | $3.56B | $3.90B | $3.78B | $3.58B | $3.32B |
| Retained Earnings | $18.33B | $17.85B | $17.41B | $16.93B | $16.53B | $16.07B | $15.86B | $15.48B | $15.08B | $14.66B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $939.00M | - | - | - | $757.00M | - | - | - | $775.00M | - |
| Investing Cash Flow | ($91.00M) | - | - | - | $224.00M | - | - | - | ($96.00M) | - |
| Financing Cash Flow | ($1.72B) | - | - | - | ($1.30B) | - | - | - | ($308.00M) | - |
| CapEx | $95.00M | - | - | - | $85.00M | - | - | - | $78.00M | - |
| Free Cash Flow | $844.00M | - | - | - | $672.00M | - | - | - | $697.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 74.5% | - | 75.5% | 74.2% | 74.5% | - | 71.8% | 74.2% | 73.9% | - |
| Operating margin | 44.3% | - | 45.7% | 43.1% | 44.0% | - | 40.7% | 42.7% | 44.8% | - |
| EBITDA margin | 50.2% | - | 51.8% | 49.4% | 49.8% | - | 46.7% | 48.7% | 50.4% | - |
| Net margin | 31.8% | - | 32.2% | 30.5% | 32.5% | - | 29.5% | 30.4% | 32.3% | - |
| Free cash flow margin | 40.6% | - | - | - | 34.9% | - | - | - | 39.0% | - |
| FCF / Net income | 1.28 | - | - | - | 1.08 | - | - | - | 1.21 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.9% | - | 22.6% | 23.3% | 22.8% | - | 23.9% | 24.5% | 23.1% | - |
| Effective tax rate | 24.0% | - | 25.4% | 25.0% | 22.3% | - | 24.0% | 23.1% | 23.3% | - |
| Return on assets | 4.5% | - | 4.2% | 3.7% | 4.1% | - | 3.4% | 3.7% | 3.8% | - |
| Return on equity | 22.1% | - | 16.3% | 14.6% | 16.9% | - | 13.7% | 14.6% | 16.1% | - |
| Return on invested capital | 7.5% | - | 6.3% | 5.6% | 6.2% | - | 5.2% | 5.9% | 6.2% | - |
| Liquidity | ||||||||||
| Current ratio | 1.16 | 1.74 | 1.84 | 1.75 | 1.56 | 1.47 | 1.67 | 1.52 | 1.42 | 1.74 |
| Quick ratio | 1.16 | 1.74 | 1.84 | 1.75 | 1.56 | 1.47 | 1.67 | 1.52 | 1.42 | 1.74 |
| Cash ratio | 0.40 | 0.80 | 0.87 | 0.82 | 0.73 | 0.67 | 0.82 | 0.82 | 0.73 | 0.85 |
| Leverage | ||||||||||
| Debt / Equity | 2.13 | 1.73 | 1.76 | 1.76 | 1.84 | 1.89 | 1.76 | 1.66 | 1.75 | 2.11 |
| Debt / Assets | 0.43 | 0.44 | 0.45 | 0.45 | 0.45 | 0.43 | 0.44 | 0.42 | 0.42 | 0.48 |
| Debt / EBITDA | 6.12 | - | 6.71 | 7.43 | 7.11 | - | 8.13 | 7.07 | 6.95 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 4.92 | 3.90 | 3.90 | 3.92 | 4.08 | 4.35 | 4.04 | 3.97 | 4.20 | 4.41 |
| Liabilities / Assets | 0.79 | 0.73 | 0.73 | 0.73 | 0.74 | 0.76 | 0.74 | 0.74 | 0.75 | 0.76 |
| Efficiency | ||||||||||
| Asset turnover | 0.14 | - | 0.13 | 0.12 | 0.13 | - | 0.11 | 0.12 | 0.12 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 359d | - | 323d | 342d | 351d | - | 344d | 340d | 375d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 67d | - | 40d | 40d | 73d | - | 36d | 44d | 69d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 117.0x | - | 132.4x | 156.3x | 134.6x | - | 162.0x | 139.4x | 124.8x | - |
| P / B | 25.8x | - | 21.6x | 22.9x | 22.7x | - | 22.2x | 20.4x | 20.2x | - |
| P / S | 37.2x | - | 42.6x | 47.6x | 43.7x | - | 47.8x | 42.4x | 40.4x | - |
| EV / EBITDA | 78.8x | - | 86.9x | 101.5x | 92.6x | - | 107.4x | 91.1x | 84.2x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.1% | - | 10.7% | 4.5% | 7.7% | - | 23.2% | 21.6% | 21.5% | - |
| Revenue CAGR (3y) | 12.2% | - | 16.3% | 11.2% | 8.1% | - | 5.9% | 5.4% | 3.7% | - |
| Revenue CAGR (5y) | 5.4% | - | 8.2% | 5.8% | 8.3% | - | 7.9% | 8.4% | 9.4% | - |
| Gross profit growth (YoY) | 8.0% | - | 16.4% | 4.5% | 8.6% | - | 22.7% | 26.2% | 26.6% | - |
| Operating income growth (YoY) | 9.0% | - | 24.3% | 5.5% | 5.6% | - | 37.9% | 40.9% | 44.6% | - |
| Net income growth (YoY) | 5.8% | - | 21.0% | 4.7% | 8.3% | - | 37.3% | 46.4% | 15.2% | - |
| EPS growth (YoY) | 7.8% | - | 22.9% | 6.3% | 9.8% | - | 38.9% | 47.3% | 15.8% | - |
| EPS CAGR (3y) | 11.1% | - | 29.7% | 21.9% | 8.9% | - | 5.0% | -0.5% | -6.9% | - |
| EPS CAGR (5y) | -0.9% | - | 7.8% | 3.6% | 6.1% | - | 8.0% | 13.3% | 10.3% | - |
| FCF growth (YoY) | 25.6% | - | - | - | -3.6% | - | - | - | 30.3% | - |
| FCF CAGR (5y) | 5.0% | - | - | - | 15.7% | - | - | - | 15.0% | - |
| Book value growth (YoY) | -19.1% | 13.7% | 1.3% | 4.5% | 3.5% | 7.4% | 22.4% | 20.2% | 23.7% | 31.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$3.82B totalMoodys Investors Service$2.13B · 55.8%
Moodys Analytics$1.69B · 44.2%
Product / service
$5.64B totalOther Product Lines$732.00M · 13.0%
Insurance$685.00M · 12.1%
Investment Grade$573.00M · 10.2%
Banking$569.00M · 10.1%
Bank Loans$503.00M · 8.9%
Recurring Revenue$476.00M · 8.4%
KYC$438.00M · 7.8%
Project And Infrastructure$360.00M · 6.4%
High Yield$324.00M · 5.7%
Public Finance Sovereign$275.00M · 4.9%
Structured Credit$202.00M · 3.6%
Assets Backed Securities$142.00M · 2.5%
Residential Mortgage Backed Securities Product$111.00M · 2.0%
Commercial Mortgage Backed Securities Product$99.00M · 1.8%
Transaction Revenue$93.00M · 1.6%
Managed Investments$59.00M · 1.0%
Geographic
$3.74B totalEMEA$1.41B · 37.6%
Non Us$1.02B · 27.2%
US$674.00M · 18.0%
Asia Pacific$374.00M · 10.0%
Americas$271.00M · 7.2%
Peer comparison
Same SIC group: Services-Consumer Credit Reporting, Collection Agencies
Comparing MOODYS CORP /DE/ against the 5 most active filers in the same SIC group.
Dividends
$3.94/share trailing 12 months · +10.1% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $1.0300 |
| Mar 2, 2026 | $1.0300 |
| Nov 21, 2025 | $0.9400 |
| Aug 15, 2025 | $0.9400 |
| May 16, 2025 | $0.9400 |
| Feb 25, 2025 | $0.9400 |
| Nov 22, 2024 | $0.8500 |
| Aug 16, 2024 | $0.8500 |
| May 16, 2024 | $0.8500 |
| Feb 22, 2024 | $0.8500 |
| Nov 22, 2023 | $0.7700 |
| Aug 17, 2023 | $0.7700 |
| May 18, 2023 | $0.7700 |
| Feb 23, 2023 | $0.7700 |
| Nov 22, 2022 | $0.7000 |
| Aug 18, 2022 | $0.7000 |
| May 19, 2022 | $0.7000 |
| Feb 24, 2022 | $0.7000 |
| Nov 22, 2021 | $0.6200 |
| Aug 19, 2021 | $0.6200 |
| May 19, 2021 | $0.6200 |
| Feb 24, 2021 | $0.6200 |
| Nov 20, 2020 | $0.5600 |
| Aug 19, 2020 | $0.5600 |