MOODYS CORP /DE/ MCO
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 13.73 | 11.32 | 8.77 | 7.47 | 11.88 | 9.48 | 7.51 | 6.84 | 5.24 | 1.38 |
| EPS, diluted | 13.67 | 11.26 | 8.73 | 7.44 | 11.78 | 9.39 | 7.42 | 6.74 | 5.15 | 1.36 |
| Shares, diluted (wtd. avg.) | $179.9M | $182.7M | $184.0M | $184.7M | $187.9M | $189.3M | $191.6M | $194.4M | $194.2M | $195.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 7320
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|---|---|---|---|---|
| SPGI | S&P Global Inc. | $131.28B | 30.3x | 7.9% |
| EFX | EQUIFAX INC | $20.80B | 33.3x | 6.9% |
| TRU | TransUnion | $15.40B | 34.4x | 9.4% |