Valuation, from the filing
| Public float | $87.00B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $490.69 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 35.4× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 11.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 20.7× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
35.4× earnings today, against a median of 33.0× across 10 years on record. In line with its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $87.00B | 35.4× | |
| 2024-06-30 | $77.00B | 37.4× | |
| 2023-06-30 | $64.00B | 39.8× | |
| 2022-06-30 | $50.00B | 36.4× | |
| 2021-06-30 | $68.00B | 30.7× | |
| 2020-06-30 | $51.00B | 28.7× | |
| 2019-06-30 | $37.00B | 26.0× | |
| 2018-06-30 | $32.70B | 25.0× | |
| 2017-06-30 | $23.00B | 23.0× | |
| 2016-06-30 | $17.90B | 67.1× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Services-Consumer Credit Reporting, Collection Agencies filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Effective tax rate | 21.3% | 0th | |
| Net margin | 31.9% | 100th | |
| Operating margin | 43.4% | 100th | |
| Current ratio | 1.74x | 75th | |
| Revenue YoY growth | 8.9% | 75th | |
| SBC / revenue | 3.0% | 75th |
MOODYS CORP /DE/ (MCO) reported revenue of $2.02B and net income of $734.00M for the fiscal year ended 2026-09-30. 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 | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02B | $2.18B | $2.08B | $1.89B | $2.01B | $1.90B | $1.92B | $1.67B | $1.81B | $1.82B |
| Cost of revenue | $524.00M | $518.00M | $531.00M | $501.00M | $492.00M | $489.00M | $491.00M | $497.00M | $512.00M | $469.00M |
| Gross profit | $1.50B | $1.67B | $1.55B | $1.39B | $1.52B | $1.41B | $1.43B | $1.18B | $1.30B | $1.35B |
| Operating income | $906.00M | $1.05B | $922.00M | $770.00M | $917.00M | $818.00M | $846.00M | $561.00M | $738.00M | $775.00M |
| Net income | $734.00M | $878.00M | $661.00M | $610.00M | $646.00M | $578.00M | $625.00M | $395.00M | $534.00M | $552.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 173.30M | shares 174.50M | shares 177.30M | Unavailable | shares 179.60M | shares 180.20M | shares 180.70M | Unavailable | shares 182.50M | shares 183.00M |
| Pretax income | $968.00M | $1.17B | $870.00M | $687.00M | $867.00M | $772.00M | $804.00M | $525.00M | $703.00M | $719.00M |
| Income tax expense | $232.00M | $292.00M | $209.00M | $76.00M | $220.00M | $193.00M | $179.00M | $130.00M | $169.00M | $166.00M |
| Diluted EPS | $4.24 | $5.03 | $3.73 | Unavailable | $3.60 | $3.21 | $3.46 | Unavailable | $2.93 | $3.02 |
| Selling, general & administrative | $442.00M | $463.00M | $477.00M | $468.00M | $453.00M | $443.00M | $439.00M | $442.00M | $434.00M | $446.00M |
| 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 | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.51B | $1.47B | $1.47B | $2.38B | $2.18B | $2.17B | $2.14B | $2.41B | $2.64B | $2.64B |
| Total assets | $14.83B | $14.68B | $14.73B | $15.83B | $15.42B | $15.49B | $15.10B | $15.50B | $15.77B | $15.01B |
| Current assets | $4.22B | $3.98B | $4.21B | $5.19B | $4.60B | $4.64B | $4.56B | $5.29B | $5.39B | $4.88B |
| Total liabilities | $11.42B | $11.51B | $11.59B | $11.62B | $11.30B | $11.38B | $11.24B | $11.78B | $11.70B | $11.08B |
| Current liabilities | $3.28B | $3.34B | $3.64B | $2.98B | $2.50B | $2.65B | $2.92B | $3.60B | $3.24B | $3.22B |
| Total equity incl. NCI | $3.41B | $3.17B | $3.14B | $4.20B | $4.11B | $4.11B | $3.86B | $3.73B | $4.07B | $3.94B |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $1.83B | $1.92B | $2.04B | $2.02B | $1.77B | $1.78B | $1.85B | $1.80B | $1.71B | $1.69B |
| Goodwill | $6.30B | $6.32B | $6.34B | $6.37B | $6.46B | $6.48B | $6.24B | $5.99B | $6.15B | $5.89B |
| Long-term debt | $6.34B | $6.38B | $6.39B | $6.99B | $6.98B | $6.97B | $6.82B | $6.73B | $6.88B | $6.25B |
| Accounts payable | $62.00M | $48.00M | $97.00M | $62.00M | $54.00M | $53.00M | $98.00M | $53.00M | $50.00M | $57.00M |
Cash flow
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $753.00M | $779.00M | $939.00M | $858.00M | $743.00M | $543.00M | $757.00M | $674.00M | $703.00M | $686.00M |
| Capital expenditures | $85.00M | $91.00M | $95.00M | $81.00M | $85.00M | $75.00M | $85.00M | $74.00M | $72.00M | $93.00M |
| Investing cash flow | -$151.00M | $112.00M | -$91.00M | -$42.00M | -$54.00M | -$126.00M | $224.00M | -$181.00M | -$684.00M | -$95.00M |
| Financing cash flow | -$561.00M | -$910.00M | -$1.72B | -$609.00M | -$674.00M | -$482.00M | -$1.30B | -$634.00M | -$81.00M | -$423.00M |
| Net change in cash | $46.00M | -$2.00M | -$915.00M | $203.00M | $7.00M | $35.00M | -$269.00M | -$234.00M | $7.00M | $159.00M |
| Stock-based compensation | $58.00M | $59.00M | $58.00M | $58.00M | $57.00M | $61.00M | $56.00M | $54.00M | $57.00M | $56.00M |
| Common dividends paid | $178.00M | $180.00M | $185.00M | $167.00M | $168.00M | $171.00M | $195.00M | $155.00M | $156.00M | $154.00M |
| Common share repurchases | $388.00M | $694.00M | $1.47B | $437.00M | $513.00M | $284.00M | $373.00M | $480.00M | $428.00M | $264.00M |
| Depreciation & amortization | $124.00M | $126.00M | $122.00M | $124.00M | $123.00M | $120.00M | $113.00M | $113.00M | $108.00M | $110.00M |
Derived
| Metric | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $668.00M | $688.00M | $844.00M | $777.00M | $658.00M | $468.00M | $672.00M | $600.00M | $631.00M | $593.00M |
| Gross margin | 74.1% | 76.3% | 74.5% | 73.5% | 75.5% | 74.2% | 74.5% | 70.3% | 71.8% | 74.2% |
| Operating margin | 44.8% | 47.9% | 44.3% | 40.8% | 45.7% | 43.1% | 44.0% | 33.6% | 40.7% | 42.7% |
| FCF margin | 33.0% | 31.5% | 40.6% | 41.1% | 32.8% | 24.7% | 34.9% | 35.9% | 34.8% | 32.6% |
| SBC / revenue | 2.9% | 2.7% | 2.8% | 3.1% | 2.8% | 3.2% | 2.9% | 3.2% | 3.1% | 3.1% |
| Current ratio | 1.29x | 1.19x | 1.16x | 1.74x | 1.84x | 1.75x | 1.56x | 1.47x | 1.67x | 1.52x |
| Revenue YoY growth | 0.8% | 15.1% | 8.1% | 13.0% | 10.7% | 4.5% | 7.7% | 13.0% | 23.2% | 21.6% |
| Net margin | 36.3% | 40.2% | 31.8% | 32.3% | 32.2% | 30.5% | 32.5% | 23.6% | 29.5% | 30.4% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 4.2% | 4.2% | 4.6% | 4.3% | 4.2% | 4.0% | 4.4% | 4.4% | 4.0% | 5.1% |
| Long-term debt / equity | 1.86x | Unavailable | Unavailable | 1.66x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 24.0% | 24.9% | 24.0% | 11.1% | 25.4% | 25.0% | 22.3% | 24.8% | 24.0% | 23.1% |
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
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.