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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $7.72B | $7.09B | $5.92B | $5.47B | $6.22B | $5.37B |
| Cost of Revenue | $1.97B | $1.95B | $1.69B | $1.61B | $1.64B | $1.48B |
| Gross Profit | $5.75B | $5.14B | $4.23B | $3.85B | $4.58B | $3.90B |
| R&D | - | - | - | - | - | - |
| SG&A | $1.80B | $1.74B | $1.63B | $1.53B | $1.48B | $1.23B |
| Total Operating Expenses | $4.37B | $4.21B | $3.78B | $3.58B | $3.37B | $2.98B |
| D&A | $480.00M | $431.00M | $373.00M | $331.00M | $257.00M | $220.00M |
| Operating Income | $3.35B | $2.88B | $2.14B | $1.88B | $2.84B | $2.39B |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $668.00M | $640.00M | $327.00M | $386.00M | $541.00M | $452.00M |
| Net Income | $2.46B | $2.06B | $1.61B | $1.37B | $2.21B | $1.78B |
| EPS - Basic | $13.73 | $11.32 | $8.77 | $7.47 | $11.88 | $9.48 |
| EPS - Diluted | $13.67 | $11.26 | $8.73 | $7.44 | $11.78 | $9.39 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.38B | $2.41B | $2.13B | $1.77B | $1.81B | $2.60B |
| Accounts Receivable | $2.02B | $1.80B | $1.66B | $1.65B | $1.72B | $1.43B |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $62.00M | $53.00M | $23.00M | $52.00M | $47.00M | $39.00M |
| Current Assets | $5.19B | $5.29B | $4.34B | $4.09B | $4.01B | $4.51B |
| Total Assets | $15.83B | $15.51B | $14.62B | $14.35B | $14.68B | $12.41B |
| Current Liabilities | $2.98B | $3.60B | $2.50B | $2.38B | $2.50B | $2.22B |
| Long-term Debt | $6.99B | $6.73B | $7.00B | $7.39B | $7.41B | $6.42B |
| Total Liabilities | $11.63B | $11.78B | $11.15B | $11.66B | $11.76B | $10.65B |
| Stockholders' Equity | $4.05B | $3.56B | $3.32B | $2.52B | $2.73B | $1.57B |
| Retained Earnings | $17.85B | $16.07B | $14.66B | $13.62B | $12.76B | $11.01B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.90B | $2.84B | $2.15B | $1.47B | $2.00B | $2.15B |
| Investing Cash Flow | $2.00M | ($1.06B) | ($247.00M) | ($262.00M) | ($2.62B) | ($1.08B) |
| Financing Cash Flow | ($3.06B) | ($1.45B) | ($1.58B) | ($1.21B) | ($122.00M) | ($351.00M) |
| CapEx | $326.00M | $317.00M | $271.00M | $283.00M | $139.00M | $103.00M |
| Free Cash Flow | $2.58B | $2.52B | $1.88B | $1.19B | $1.87B | $2.04B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 74.4% | 72.6% | 71.5% | 70.5% | 73.7% | 72.5% |
| Operating margin | 43.4% | 40.6% | 36.1% | 34.4% | 45.7% | 44.5% |
| EBITDA margin | 49.6% | 46.6% | 42.4% | 40.5% | 49.9% | 48.6% |
| Net margin | 31.9% | 29.0% | 27.2% | 25.1% | 35.6% | 33.1% |
| Free cash flow margin | 33.4% | 35.6% | 31.8% | 21.8% | 30.0% | 38.0% |
| FCF / Net income | 1.05 | 1.22 | 1.17 | 0.87 | 0.84 | 1.15 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 23.4% | 24.5% | 27.6% | 27.9% | 23.8% | 22.9% |
| Effective tax rate | 21.4% | 23.7% | 16.9% | 21.9% | 19.6% | 20.3% |
| Return on assets | 15.5% | 13.3% | 11.0% | 9.6% | 15.1% | 14.3% |
| Return on equity | 60.7% | 57.7% | 48.4% | 54.5% | 81.2% | 113.3% |
| Return on invested capital | 23.9% | 21.3% | 17.2% | 14.8% | 22.5% | 23.8% |
| Liquidity | ||||||
| Current ratio | 1.74 | 1.47 | 1.74 | 1.72 | 1.61 | 2.03 |
| Quick ratio | 1.74 | 1.47 | 1.74 | 1.72 | 1.61 | 2.03 |
| Cash ratio | 0.80 | 0.67 | 0.85 | 0.74 | 0.73 | 1.17 |
| Leverage | ||||||
| Debt / Equity | 1.73 | 1.89 | 2.11 | 2.93 | 2.72 | 4.09 |
| Debt / Assets | 0.44 | 0.43 | 0.48 | 0.51 | 0.50 | 0.52 |
| Debt / EBITDA | 1.83 | 2.04 | 2.79 | 3.34 | 2.39 | 2.46 |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 3.90 | 4.35 | 4.41 | 5.70 | 5.38 | 7.91 |
| Liabilities / Assets | 0.73 | 0.76 | 0.76 | 0.81 | 0.80 | 0.86 |
| Efficiency | ||||||
| Asset turnover | 0.49 | 0.46 | 0.40 | 0.38 | 0.42 | 0.43 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 96d | 93d | 102d | 110d | 101d | 97d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 11d | 10d | 5d | 12d | 10d | 10d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 37.4x | 42.0x | 44.7x | 37.4x | 33.2x | 30.9x |
| P / B | 22.7x | 24.3x | 21.7x | 20.4x | 26.9x | 35.0x |
| P / S | 11.9x | 12.2x | 12.1x | 9.4x | 11.8x | 10.2x |
| EV / EBITDA | 25.2x | 27.5x | 30.6x | 25.8x | 25.5x | 22.5x |
| Growth | ||||||
| Revenue growth (YoY) | 8.9% | 19.8% | 8.2% | -12.1% | 15.8% | 11.2% |
| Revenue CAGR (3y) | 12.2% | 4.5% | 3.3% | 4.2% | 19.9% | 8.5% |
| Revenue CAGR (5y) | 7.5% | 8.0% | 10.4% | 5.4% | 11.5% | 9.0% |
| Gross profit growth (YoY) | 11.7% | 21.6% | 9.7% | -15.8% | 17.6% | 7.8% |
| Operating income growth (YoY) | 16.6% | 34.5% | 13.5% | -33.8% | 19.1% | 19.5% |
| Net income growth (YoY) | 19.5% | 28.1% | 17.0% | -37.9% | 24.5% | 25.0% |
| EPS growth (YoY) | 21.4% | 29.0% | 17.3% | -36.8% | 25.5% | 26.5% |
| EPS CAGR (3y) | 22.5% | -1.5% | -2.4% | 0.1% | 20.5% | 22.2% |
| EPS CAGR (5y) | 7.8% | 8.7% | 5.3% | 7.6% | 54.0% | 15.2% |
| FCF growth (YoY) | 2.1% | 34.1% | 57.9% | -36.2% | -8.7% | 27.2% |
| FCF CAGR (5y) | 4.7% | 9.4% | 6.5% | 12.6% | 10.9% | 13.9% |
| Book value growth (YoY) | 13.7% | 7.4% | 31.7% | -7.6% | 73.8% | 156.4% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.35
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
8/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
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 |