MOODYS CORP /DE/ MCO

Technology SIC 7320 - Services-Consumer Credit Reporting, Collection Agencies NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services › Business Support Services derived NYSE

In a world shaped by increasingly interconnected risks, Moody's data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. Moody's offerings are distinguished by our vast proprietary and curated data and validated analytical models, which provide the trusted foundation that enable our customers to navigate an increasingly complex risk landscape. Moody's solutions enable the transformation of information into decision-grade intelligence, which is deeply interconnected across risk domains. Moody's also offers valuable insights into financial stability and creditworthiness for organizations, debt instruments, and securities, serving a key role in bringing transparency to the global debt markets. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody's gives customers the comprehensive perspective needed to act with confidence and thrive in a dynamic global environment.

Last close 483.45 2026-10-23
Market cap $83.73B 2026-06-30 share count
52-week range 402.28 - 546.88

Valuation FY2025 figures against the last close

P/S10.8x
P/E35.4x
P/FCF32.5x
EV/EBITDA26.3x
Dividend yield0.8%
Diluted EPS13.67

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • U.S.
  • Non-U.S.
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S., FY2025: 4.2B (54.0%) 54% U.S. Non-U.S., FY2025: 3.5B (46.0%) 46% Non-U.S. FY2024 U.S., FY2024: 3.8B (54.1%) 54% Non-U.S., FY2024: 3.3B (45.9%) 46% FY2023 U.S., FY2023: 3.1B (51.9%) 52% Non-U.S., FY2023: 2.8B (48.1%) 48%
Region FY2025FY2024FY2023
U.S. $4.17B $3.84B $3.07B
Non-U.S. $3.55B $3.25B $2.85B

As the company reported it, from the “Revenues - Revenues Disaggregated by Line of Business and Geographical Area (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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$1.95B$1.69B$1.61B$1.64B$1.48B$1.39B$1.25B$1.22B—
Gross profit $5.75B$5.14B$4.23B$3.85B$4.58B$3.90B$3.44B$3.20B$2.99B—
R&D ———————$51.1M$42.0M$40.1M
SG&A $1.80B$1.74B$1.63B$1.53B$1.48B$1.23B$1.17B$1.08B$986.0M$931.2M
Total operating expenses $4.37B$4.21B$3.78B$3.58B$3.37B$2.98B$2.83B$2.58B$2.38B$2.95B
Operating income $3.35B$2.88B$2.14B$1.88B$2.84B$2.39B$2.00B$1.87B$1.82B$650.9M
Pre-tax income $3.13B$2.70B$1.94B$1.76B$2.75B$2.23B$1.81B$1.67B$1.79B$558.0M
Income tax $668.0M$640.0M$327.0M$386.0M$541.0M$452.0M$381.0M$352.0M$779.0M$282.2M
Net income $2.46B$2.06B$1.61B$1.37B$2.21B$1.78B$1.42B$1.31B$1.00B$266.6M
EPS, basic 13.7311.328.777.4711.889.487.516.845.241.38
EPS, diluted 13.6711.268.737.4411.789.397.426.745.151.36
Shares, diluted (wtd. avg.) 179.9M182.7M184.0M184.7M187.9M189.3M191.6M194.4M194.2M195.4M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.38B$2.41B$2.13B$1.77B$1.81B$2.60B$1.83B$1.69B$1.07B$2.05B
Short-term investments $64.0M$566.0M$63.0M$90.0M$91.0M$99.0M$98.0M$133.0M$111.8M$173.4M
Receivables $2.02B$1.80B$1.66B$1.65B$1.72B$1.43B$1.42B$1.29B$1.15B$887.4M
Total current assets $5.19B$5.29B$4.34B$4.09B$4.01B$4.51B$3.68B$3.39B$2.58B$3.25B
Property, plant and equipment $722.0M$656.0M$603.0M$502.0M$347.0M$278.0M$292.0M$320.0M$325.1M$325.9M
Goodwill $6.37B$5.99B$5.96B$5.84B$6.00B$4.56B$3.72B$3.78B$3.75B$1.02B
Other intangibles $1.87B$1.89B$2.05B$2.21B$2.47B$1.82B$1.50B$1.57B$1.63B$296.4M
Total assets $15.83B$15.51B$14.62B$14.35B$14.68B$12.41B$10.27B$9.53B$8.59B$5.33B
Accounts payable $62.0M$53.0M$23.0M$52.0M$47.0M$39.0M$38.0M$30.0M$21.8M$28.4M
Short-term debt $0$697.0M$0———$0$450.0M$299.5M$300.0M
Total current liabilities $2.98B$3.60B$2.50B$2.38B$2.50B$2.22B$1.91B$2.10B$2.06B$2.43B
Long-term debt $6.99B$6.73B$7.00B$7.39B$7.41B$6.42B$5.58B$5.23B$5.11B$3.06B
Total liabilities $11.62B$11.78B$11.15B$11.66B$11.76B$10.65B$9.43B$8.87B$8.71B$6.35B
Retained earnings $17.85B$16.07B$14.66B$13.62B$12.76B$11.01B$9.66B$8.59B$7.47B$6.69B
Total equity $4.05B$3.56B$3.48B$2.69B$2.92B$1.76B$831.0M$656.0M-$115.0M-$1.03B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.90B$2.84B$2.15B$1.47B$2.00B$2.15B$1.68B$1.46B$755.0M$1.26B
Stock-based compensation $232.0M$220.0M$193.0M$169.0M$175.0M$154.0M$136.0M$130.0M$123.0M$98.1M
Capital expenditure $326.0M$317.0M$271.0M$283.0M$139.0M$103.0M$69.0M$91.0M$91.0M$115.2M
Investing cash flow $2.0M-$1.06B-$247.0M-$262.0M-$2.62B-$1.08B$36.0M-$406.0M-$3.42B$102.0M
Financing cash flow -$3.06B-$1.45B-$1.58B-$1.21B-$122.0M-$351.0M-$1.56B-$412.0M$1.60B-$1.04B
Dividends paid $701.0M$620.0M$564.0M$515.0M$463.0M$420.0M$378.0M$337.0M$290.0M$285.1M
Buybacks $1.61B$1.29B$490.0M$983.0M$750.0M$503.0M$991.0M$203.0M$200.0M$738.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-009136.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B 8B Revenue, FY2016: 3.6B Net income, FY2016: 266.6M Revenue, FY2017: 4.2B Gross profit, FY2017: 3B Net income, FY2017: 1B Revenue, FY2018: 4.4B Gross profit, FY2018: 3.2B Net income, FY2018: 1.3B Revenue, FY2019: 4.8B Gross profit, FY2019: 3.4B Net income, FY2019: 1.4B Revenue, FY2020: 5.4B Gross profit, FY2020: 3.9B Net income, FY2020: 1.8B Revenue, FY2021: 6.2B Gross profit, FY2021: 4.6B Net income, FY2021: 2.2B Revenue, FY2022: 5.5B Gross profit, FY2022: 3.9B Net income, FY2022: 1.4B Revenue, FY2023: 5.9B Gross profit, FY2023: 4.2B Net income, FY2023: 1.6B Revenue, FY2024: 7.1B Gross profit, FY2024: 5.1B Net income, FY2024: 2.1B Revenue, FY2025: 7.7B Gross profit, FY2025: 5.7B Net income, FY2025: 2.5B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.60B $4.20B $4.44B $4.83B $5.37B $6.22B $5.47B $5.92B $7.09B $7.72B
Gross profit — $2.99B $3.20B $3.44B $3.90B $4.58B $3.85B $4.23B $5.14B $5.75B
Net income $266.6M $1.00B $1.31B $1.42B $1.78B $2.21B $1.37B $1.61B $2.06B $2.46B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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