Revenue
$7.72B
Fiscal year ended 2025-12-31Operating income
$3.35B
Fiscal year ended 2025-12-31Free cash flow
$2.58B
Fiscal year ended 2025-12-31MOODYS CORP /DE/ (MCO) reported revenue of $7.72B and net income of $2.46B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from MOODYS CORP /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Consumer Credit Reporting, Collection Agencies.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.72B | $7.09B | $5.92B | $5.47B | $6.22B | $5.37B | $4.83B | $4.44B | $4.20B | $3.60B |
| Cost of revenue | $1.97B | $1.94B | $1.69B | $1.61B | $1.64B | $1.48B | $1.39B | $1.25B | $1.22B | Unavailable |
| Gross profit | $5.74B | $5.14B | $4.23B | $3.86B | $4.58B | $3.90B | $3.44B | $3.20B | $2.99B | Unavailable |
| Operating income | $3.35B | $2.88B | $2.14B | $1.88B | $2.84B | $2.39B | $2.00B | $1.87B | $1.82B | $650.90M |
| Net income | $2.46B | $2.06B | $1.61B | $1.37B | $2.21B | $1.78B | $1.42B | $1.31B | $1.00B | $266.60M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $51.10M | $42.00M | $40.10M |
| Weighted-average diluted shares | shares 179.90M | shares 182.70M | shares 184.00M | shares 184.70M | shares 187.90M | shares 189.30M | shares 191.60M | shares 194.40M | shares 194.20M | shares 195.40M |
| Pretax income | $3.13B | $2.70B | $1.94B | $1.76B | $2.76B | $2.23B | $1.81B | $1.67B | $1.79B | $558.00M |
| Income tax expense | $668.00M | $640.00M | $327.00M | $386.00M | $541.00M | $452.00M | $381.00M | $352.00M | $779.00M | $282.20M |
| Diluted EPS | $13.67 | $11.26 | $8.73 | $7.44 | $11.78 | $9.39 | $7.42 | $6.74 | $5.15 | $1.36 |
| Selling, general & administrative | $1.80B | $1.74B | $1.63B | $1.53B | $1.48B | $1.23B | $1.17B | $1.08B | $986.00M | $931.20M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.38B | $2.41B | $2.13B | $1.77B | $1.81B | $2.60B | $1.83B | $1.68B | $1.07B | $2.05B |
| Total assets | $15.83B | $15.50B | $14.62B | $14.35B | $14.68B | $12.41B | $10.26B | $9.53B | $8.59B | $5.33B |
| Current assets | $5.19B | $5.29B | $4.34B | $4.09B | $4.01B | $4.51B | $3.68B | $3.39B | $2.58B | $3.25B |
| Total liabilities | $11.62B | $11.78B | $11.15B | $11.66B | $11.76B | $10.65B | $9.43B | $8.87B | $8.71B | $6.35B |
| Current liabilities | $2.98B | $3.60B | $2.50B | $2.38B | $2.50B | $2.22B | $1.91B | $2.10B | $2.06B | $2.43B |
| Total equity incl. NCI | $4.20B | $3.73B | $3.48B | $2.69B | $2.92B | $1.76B | $831.00M | $656.00M | -$115.00M | -$1.03B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $0 | $6.00M | $0 | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $2.02B | $1.80B | $1.66B | $1.65B | $1.72B | $1.43B | $1.42B | $1.29B | $1.15B | $887.40M |
| Goodwill | $6.37B | $5.99B | $5.96B | $5.84B | $6.00B | $4.56B | $3.72B | $3.78B | $3.75B | $1.02B |
| Long-term debt | $6.99B | $6.73B | $7.00B | $7.39B | $7.41B | $6.42B | $5.58B | $5.23B | $5.11B | $3.06B |
| Accounts payable | $62.00M | $53.00M | $23.00M | $52.00M | $47.00M | $39.00M | $38.00M | $30.00M | $21.80M | $28.40M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.90B | $2.84B | $2.15B | $1.47B | $2.00B | $2.15B | $1.68B | $1.46B | $755.00M | $1.26B |
| Capital expenditures | $326.00M | $317.00M | $271.00M | $283.00M | $139.00M | $103.00M | $69.00M | $91.00M | $91.00M | $115.20M |
| Investing cash flow | $2.00M | -$1.06B | -$247.00M | -$262.00M | -$2.62B | -$1.08B | $36.00M | -$406.00M | -$3.42B | $102.00M |
| Financing cash flow | -$3.06B | -$1.45B | -$1.58B | -$1.21B | -$122.00M | -$351.00M | -$1.56B | -$412.00M | $1.60B | -$1.04B |
| Net change in cash | -$24.00M | $278.00M | $361.00M | -$42.00M | -$786.00M | $765.00M | $147.00M | $613.00M | -$980.00M | $294.10M |
| Stock-based compensation | $232.00M | $220.00M | $193.00M | $169.00M | $175.00M | $154.00M | $136.00M | $130.00M | $123.00M | $98.10M |
| Common dividends paid | $701.00M | $620.00M | $564.00M | $515.00M | $463.00M | $420.00M | $378.00M | $337.00M | $290.00M | $285.10M |
| Common share repurchases | $1.61B | $1.29B | $490.00M | $983.00M | $750.00M | $503.00M | $991.00M | $203.00M | $200.00M | $738.80M |
| Depreciation & amortization | $480.00M | $431.00M | $373.00M | $331.00M | $257.00M | $220.00M | $200.00M | $192.00M | $158.00M | $126.70M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $2.58B | $2.52B | $1.88B | $1.19B | $1.87B | $2.04B | $1.61B | $1.37B | $664.00M | $1.14B |
| Gross margin | 74.4% | 72.6% | 71.5% | 70.5% | 73.7% | 72.5% | 71.3% | 72.0% | 71.1% | Unavailable |
| Operating margin | 43.4% | 40.6% | 36.1% | 34.4% | 45.7% | 44.5% | 41.4% | 42.0% | 43.3% | 18.1% |
| FCF margin | 33.4% | 35.6% | 31.8% | 21.8% | 30.0% | 38.0% | 33.3% | 30.8% | 15.8% | 31.7% |
| SBC / revenue | 3.0% | 3.1% | 3.3% | 3.1% | 2.8% | 2.9% | 2.8% | 2.9% | 2.9% | 2.7% |
| Current ratio | 1.74x | 1.47x | 1.74x | 1.72x | 1.61x | 2.03x | 1.92x | 1.61x | 1.25x | 1.34x |
| Revenue YoY growth | 8.9% | 19.8% | 8.2% | -12.1% | 15.8% | 11.2% | 8.7% | 5.7% | 16.6% | Unavailable |
| Net margin | 31.9% | 29.0% | 27.2% | 25.1% | 35.6% | 33.1% | 29.4% | 29.5% | 23.8% | 7.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 1.1% |
| CapEx / revenue | 4.2% | 4.5% | 4.6% | 5.2% | 2.2% | 1.9% | 1.4% | 2.0% | 2.2% | 3.2% |
| Long-term debt / equity | 1.66x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 21.3% | 23.7% | 16.9% | 21.9% | 19.6% | 20.3% | 21.0% | 21.1% | 43.6% | 50.6% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MCO in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-23View SEC filing
10-Q · Filed 2026-04-23View SEC filing
10-K · Filed 2026-02-18View SEC filing
10-Q · Filed 2025-10-23View SEC filing
10-Q · Filed 2025-07-24View SEC filing
10-Q · Filed 2025-04-23View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.