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 $8.18B and net income of $2.88B for the fiscal year ended 2026-09-30. This page shows 1 annual period 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 |
|---|---|
| Revenue | $8.18B |
| Cost of revenue | $2.07B |
| Gross profit | $6.10B |
| Operating income | $3.64B |
| Net income | $2.88B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $3.70B |
| Income tax expense | $809.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | $1.85B |
| General & administrative | Unavailable |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $1.51B |
| Total assets | $14.83B |
| Current assets | $4.22B |
| Total liabilities | $11.42B |
| Current liabilities | $3.28B |
| Total equity incl. NCI | $3.41B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | $1.83B |
| Goodwill | $6.30B |
| Long-term debt | $6.34B |
| Accounts payable | $62.00M |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $3.33B |
| Capital expenditures | $352.00M |
| Investing cash flow | -$172.00M |
| Financing cash flow | -$3.80B |
| Net change in cash | -$668.00M |
| Stock-based compensation | $233.00M |
| Common dividends paid | $710.00M |
| Common share repurchases | $2.99B |
| Depreciation & amortization | $496.00M |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | $2.98B |
| Gross margin | 74.6% |
| Operating margin | 44.6% |
| FCF margin | 36.4% |
| SBC / revenue | 2.8% |
| Current ratio | 1.29x |
| Revenue YoY growth | 9.0% |
| Net margin | 35.3% |
| R&D / revenue | Unavailable |
| CapEx / revenue | 4.3% |
| Long-term debt / equity | 1.86x |
| Effective tax rate | 21.9% |
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.