NYSE · Financial Statements

Moody's Corporation (MCO) Financial Statements

$483.45 NYSE: MCO Market Cap $83.36B

Moody's Corporation most recently reported annual revenue of $7.7B, net profit of $2.5B. Revenue grew at an average annual rate of 7.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Moody's Corporation: Revenue rose from $3.6B in 2016 to $7.7B in 2025, a change of +114.2% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 42.0% to 44.8%, a shift of +2.8 percentage points; the most recent year shows net profit of $2.5B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$3.6B$4.2B$4.4B$4.8B$5.4B$6.2B$5.5B$5.9B$7.1B$7.7B
Operating Expenses$2.1B$2.4B$2.5B$2.8B$2.9B$3.4B$3.5B$3.7B$4.1B$4.3B
Operating Profit$1.5B$1.8B$1.9B$2.1B$2.4B$2.8B$2.0B$2.2B$3.0B$3.5B
Operating Margin42.0%43.9%43.3%43.0%45.6%45.7%36.5%37.5%41.9%44.8%
Other Income$-956.0M$-56.0M$-254.0M$-265.0M$-218.0M$-89.0M$-237.0M$-286.0M$-272.0M$-325.0M
Interest$152.0M$216.0M$213.0M$230.0M$232.0M$243.0M$216.0M$207.0M$204.0M$189.0M
Depreciation$127.0M$158.0M$192.0M$200.0M$220.0M$257.0M$331.0M$373.0M$431.0M$480.0M
Profit Before Tax$558.0M$1.8B$1.7B$1.8B$2.2B$2.8B$1.8B$1.9B$2.7B$3.1B
Tax$50.6M$43.6M$21.0M$21.1M$20.3M$19.6M$21.9M$16.9M$23.7M$21.3M
Net Profit$267.0M$1.0B$1.3B$1.4B$1.8B$2.2B$1.4B$1.6B$2.1B$2.5B
EPS$1.36$5.15$6.74$7.42$9.39$11.78$7.44$8.73$11.26$13.67
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.5B$1.5B$1.8B$1.8B$1.8B$1.7B$1.9B$1.9B$2.0B$1.9B$2.1B$2.2B
Operating Expenses$910.0M$946.0M$984.0M$1.0B$1.1B$1.1B$1.0B$1.1B$1.1B$1.1B$1.2B$1.1B
Operating Profit$562.0M$534.0M$802.0M$791.0M$759.0M$621.0M$882.0M$843.0M$917.0M$795.0M$922.0M$1.0B
Operating Margin38.2%36.1%44.9%43.5%41.9%37.1%45.8%44.4%45.7%42.1%44.4%47.9%
Interest$50.0M$51.0M$49.0M$50.0M$88.0M$27.0M$54.0M$47.0M$72.0M$16.0M$66.0M$67.0M
Profit Before Tax$487.0M$450.0M$752.0M$719.0M$703.0M$525.0M$804.0M$772.0M$867.0M$687.0M$870.0M$1.2B
Tax$19.9M$24.4M$23.3M$23.1M$24.0M$24.8M$22.3M$25.0M$25.4M$11.1M$24.0M$24.9M
Net Profit$389.0M$340.0M$577.0M$552.0M$534.0M$395.0M$625.0M$578.0M$646.0M$610.0M$661.0M$878.0M
EPS$2.11$1.85$3.15$3.02$2.93$2.17$3.46$3.20$3.60$3.41$3.73$5.02

Over the 10 years reported for Moody's Corporation, borrowings increased from $3.4B in 2016 to $7.4B in 2025, cash stood at $2.4B in the latest year, shareholders' equity was $3.0M, current assets covered current liabilities 1.74 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$5.3B$8.6B$9.5B$10.3B$12.4B$14.7B$14.3B$14.6B$15.5B$15.8B
Current Assets$3.3B$2.6B$3.4B$3.7B$4.5B$4.0B$4.1B$4.2B$5.2B$5.2B
Cash$2.1B$1.1B$1.7B$1.8B$2.6B$1.8B$1.8B$2.1B$2.4B$2.4B
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$887.0M$1.1B$1.3B$1.4B$1.4B$1.7B$1.7B$1.7B$1.9B$2.0B
Fixed Assets$326.0M$325.0M$320.0M$748.0M$671.0M$785.0M$848.0M$880.0M$872.0M$1.0B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$243.0M$245.0M$270.0M$321.0M$376.0M$703.0M$736.0M$703.0M$1.2B$663.0M
Other Assets$1.0B$3.8B$3.8B$3.7B$4.6B$6.0B$5.8B$6.0B$6.0B$6.4B
Total Liabilities$6.4B$8.7B$8.9B$9.4B$10.6B$11.8B$11.7B$11.1B$11.8B$11.6B
Current Liabilities$2.4B$2.1B$2.1B$1.9B$2.2B$2.5B$2.4B$2.5B$3.6B$3.0B
Borrowings$3.4B$5.5B$5.7B$6.2B$6.9B$8.0B$7.9B$7.4B$7.7B$7.4B
Other Liabilities$3.0B$3.2B$3.2B$3.3B$3.7B$3.8B$3.8B$3.7B$4.0B$4.3B
Equity$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M
Reserves$-1.2B$-328.0M$459.0M$612.0M$1.6B$2.7B$2.5B$3.3B$3.6B$4.1B

For Moody's Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $2.6B; free cash flow was positive in 10 of 10 years; financing activities used $1.7B in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$1.2B$748.0M$1.5B$1.7B$2.1B$2.0B$1.5B$2.2B$2.8B$2.9B
Investing Cash Flow$-59.0M$-3.5B$-497.0M$-45.0M$-1.2B$-2.8B$-545.0M$-518.0M$-1.4B$-324.0M
Financing Cash Flow$-757.0M$-252.0M$-269.0M$-1.1B$-608.0M$-838.0M$-1.1B$-570.0M$-1.4B$-1.7B
Net Cash Flow$294.0M$-980.0M$614.0M$147.0M$765.0M$-786.0M$-42.0M$361.0M$278.0M$-24.0M
Free Cash Flow$1.1B$664.0M$1.4B$1.6B$2.0B$1.9B$1.2B$1.9B$2.5B$2.6B

Valuation & Return Ratios

MetricValue
PEG Ratio0.88
EV / EBITDA21.81
FCF Yield4.19%
Quick Ratio1.19
Interest Coverage16.65
Return 1Y1.74%
Return 3Y62.08%
Return 5Y31.86%

Moody's Corporation (MCO) financials — frequently asked questions

What is Moody's Corporation's annual revenue?

Moody's Corporation (MCO) reported annual revenue of $7.7B in its most recent fiscal year.

What is Moody's Corporation's net profit?

Moody's Corporation (MCO) reported net profit of $2.5B in its most recent fiscal year.

What is MCO EV/EBITDA?

Moody's Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 21.81.

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