MCO
Moody's CorporationStock · FinancialsS&P 500 Equal Weight 0.2% · S&P 500 0.1% · Russell 1000 0.10% · Russell 3000 0.09% · US Stock Market 0.09% · MSCI World 0.08% · MSCI ACWI 0.07%$474.95+1.62%
as of market close, Sep 11, 2026
☾ AH — —
MCO financial statements
The full income statement, balance sheet, and cash-flow statement for Moody's Corporation (MCO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 182.1M2024-09 181.2M2024-12 180.0M2025-03 179.9M2025-06 179.4M2025-09 178.4M2025-12 177.3M2026-03 174.7M2026-06 173.2M-4.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 7.72B+8.9% | 7.09B+19.8% | 5.92B+8.2% | 5.47B-12.1% | 6.22B+15.8% | |
| Cost of revenue | 1.97B+1.4% | 1.95B+15.3% | 1.69B+4.6% | 1.61B-1.5% | 1.64B+11.0% | |
| Selling, general & administrative | 1.80B+3.9% | 1.74B+6.3% | 1.63B+6.9% | 1.53B+3.2% | 1.48B+20.4% | |
| Restructuring | 108M+83.1% | 59.0M-32.2% | 87.0M-23.7% | 114M | 0.00-100.0% | |
| Amortization of intangibles | 215M+8.6% | 198M+0.0% | 198M-1.0% | 200M+26.6% | 158M+27.4% | |
| Provision for credit losses | 12.0M-20.0% | 15.0M-31.8% | 22.0M-12.0% | 25.0M+92.3% | 13.0M-50.0% | |
| Operating income | 3.35B+16.6% | 2.88B+34.5% | 2.14B+13.5% | 1.88B-33.8% | 2.84B+19.1% | |
| Other non-operating income | -31.0M-150.8% | 61.0M+24.5% | 49.0M+28.9% | 38.0M-53.7% | 82.0M+78.3% | |
| Equity-method income | 20.0M+33.3% | 15.0M-21.1% | 19.0M+11.8% | 17.0M-71.7% | 60.0M+900.0% | |
| Pre-tax income | 3.13B+16.0% | 2.70B+39.5% | 1.94B+9.9% | 1.76B-36.1% | 2.75B+23.6% | |
| Income tax | 668M+4.4% | 640M+95.7% | 327M-15.3% | 386M-28.7% | 541M+19.7% | |
| 2.46B+19.5% | 2.06B+28.1% | 1.61B+17.0% | 1.37B-37.9% | 2.21B+24.5% | ||
| Net income to non-controlling interest | 3.00M+200.0% | 1.00M+0.0% | 1.00M | 0.00 | 0.00+100.0% | |
| $13.67+21.4% | $11.26+29.0% | $8.73+17.3% | $7.44-36.8% | $11.78+25.5% | ||
| EPS (basic) | $13.73+21.3% | $11.32+29.1% | $8.77+17.4% | $7.47-37.1% | $11.88+25.3% | |
| Weighted-avg shares (basic) | 179M-1.5% | 182M-0.8% | 183M-0.4% | 184M-1.3% | 186M-0.6% | |
| Weighted-avg shares (diluted) | 180M-1.5% | 183M-0.7% | 184M-0.4% | 185M-1.7% | 188M-0.7% | |
| Dividends per share | $3.76+10.6% | $3.40+10.4% | $3.08+10.0% | $2.80+12.9% | $2.48+10.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 5.19B-2.0% | 5.29B+21.9% | 4.34B+6.0% | 4.09B+2.1% | 4.01B-11.0% | ||
| Cash & equivalents | 2.38B-1.0% | 2.41B+13.1% | 2.13B+20.4% | 1.77B-2.3% | 1.81B-30.3% | |
| Short-term investments | 64.0M-88.7% | 566M+798.4% | 63.0M-30.0% | 90.0M-1.1% | 91.0M-8.1% | |
| Accounts receivable | 2.02B+12.4% | 1.80B+8.6% | 1.66B+0.4% | 1.65B-4.0% | 1.72B+20.3% | |
| Prepaid expenses | 184M+2.8% | 179M+34.6% | 133M+11.8% | 119M+20.2% | 99.0M+8.8% | |
| Other current assets | 714M+38.6% | 515M+5.3% | 489M-16.1% | 583M+49.9% | 389M+1.6% | |
| 15.8B+2.1% | 15.5B+6.0% | 14.6B+1.9% | 14.3B-2.3% | 14.7B+18.3% | ||
| Property, plant & equipment | 722M+10.1% | 656M+8.8% | 603M+20.1% | 502M+44.7% | 347M+24.8% | |
| Operating lease right-of-use | 282M+30.6% | 216M-22.0% | 277M-19.9% | 346M-21.0% | 438M+11.5% | |
| Goodwill | 6.37B+6.2% | 5.99B+0.6% | 5.96B+2.0% | 5.84B-2.7% | 6.00B+31.7% | |
| Intangible assets | 1.87B-1.3% | 1.89B-7.8% | 2.05B-7.3% | 2.21B-10.4% | 2.47B+35.3% | |
| Long-term investments | 110M+12.2% | 98.0M-2.0% | 100M+14.9% | 87.0M-2.2% | 89.0M+34.8% | |
| Deferred tax assets | 305M+4.1% | 293M+13.6% | 258M-3.0% | 266M-30.7% | 384M+15.0% | |
| Other non-current assets | 1.10B-5.6% | 1.17B+2.5% | 1.14B+4.2% | 1.09B+5.6% | 1.03B+100.8% | |
| 2.98B-17.1% | 3.60B+43.9% | 2.50B+5.3% | 2.38B-4.8% | 2.50B+12.3% | ||
| Accounts payable | 62.0M+17.0% | 53.0M+130.4% | 23.0M-55.8% | 52.0M+10.6% | 47.0M+20.5% | |
| Accrued liabilities | 1.30B-3.0% | 1.34B+24.9% | 1.08B+6.4% | 1.01B-11.5% | 1.14B+9.9% | |
| Deferred revenue | 1.58B+8.8% | 1.45B+10.5% | 1.32B+4.6% | 1.26B+0.7% | 1.25B+14.7% | |
| Short-term & current debt | 0.00-100.0% | 697M | 0.00 | 0.00 | 0.00 | |
| Current lease liability | 95.0M-6.9% | 102M-5.6% | 108M+1.9% | 106M+1.0% | 105M+11.7% | |
| 11.6B-1.3% | 11.8B+5.7% | 11.1B-4.4% | 11.7B-0.9% | 11.8B+10.5% | ||
| Long-term debt | 6.99B+3.9% | 6.73B-3.9% | 7.00B-5.3% | 7.39B-0.3% | 7.41B+15.4% | |
| Deferred revenue (non-current) | 56.0M-1.8% | 57.0M-12.3% | 65.0M-13.3% | 75.0M-12.8% | 86.0M-12.2% | |
| Non-current lease liability | 262M+21.3% | 216M-29.4% | 306M-16.8% | 368M-19.1% | 455M+6.6% | |
| Operating lease liability (total) | 357M+12.3% | 318M-23.2% | 414M-12.7% | 474M-15.4% | 560M+7.5% | |
| Deferred tax liabilities | 315M-29.8% | 449M+11.7% | 402M-12.0% | 457M-6.4% | 488M+20.8% | |
| Other non-current liabilities | 859M+66.2% | 517M-23.5% | 676M+0.3% | 674M+53.9% | 438M-25.8% | |
| 4.05B+13.7% | 3.56B+7.4% | 3.32B+31.7% | 2.52B-7.6% | 2.73B+73.8% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Additional paid-in capital | 1.68B+15.5% | 1.45B+18.2% | 1.23B+16.5% | 1.05B+19.1% | 885M+20.4% | |
| Retained earnings | 17.9B+11.1% | 16.1B+9.6% | 14.7B+7.6% | 13.6B+6.7% | 12.8B+15.9% | |
| Treasury stock | 15.0B+12.4% | 13.3B+11.0% | 12.0B+4.3% | 11.5B+9.5% | 10.5B+7.8% | |
| Accumulated other comprehensive income | -500M+21.6% | -638M-12.5% | -567M+11.8% | -643M-56.8% | -410M+5.1% | |
| Non-controlling interest | 151M-6.8% | 162M+2.5% | 158M-7.1% | 170M-10.1% | 189M-2.6% | |
| Total equity incl. non-controlling | 4.21B+12.8% | 3.73B+7.2% | 3.48B+29.3% | 2.69B-7.8% | 2.92B+65.4% | |
| Total liabilities & equity | 15.8B+2.1% | 15.5B+6.0% | 14.6B+1.9% | 14.3B-2.3% | 14.7B+18.3% | |
| Common shares issued | — | — | 343M+0.0% | 343M+0.0% | 343M+0.0% | |
| Shares outstanding (cover) | 177M-1.5% | 180M-1.4% | 183M-0.4% | 183M-1.1% | 185M-1.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.90B+2.2% | 2.84B+31.9% | 2.15B+45.9% | 1.47B-26.5% | 2.00B-6.6% | ||
| Depreciation & amortization | 480M+11.4% | 431M+15.5% | 373M+12.7% | 331M+28.8% | 257M+16.8% | |
| Intangible amortization | 215M+8.6% | 198M+0.0% | 198M-1.0% | 200M+26.6% | 158M+27.4% | |
| Share-based compensation | 232M+5.5% | 220M+14.0% | 193M+14.2% | 169M-3.4% | 175M+13.6% | |
| Deferred income taxes | -17.0M+72.6% | -62.0M-63.2% | -38.0M-179.2% | 48.0M+122.0% | -218M-395.5% | |
| Change in receivables | 203M+8.6% | 187M+1458.3% | 12.0M+233.3% | -9.00M-103.3% | 270M+971.0% | |
| 2.00M+100.2% | -1.06B-327.5% | -247M+5.7% | -262M+90.0% | -2.62B-143.2% | ||
| Capital expenditure | 326M+2.8% | 317M+17.0% | 271M-4.2% | 283M+103.6% | 139M+35.0% | |
| Free cash flow | 2.58B+2.1% | 2.52B+34.1% | 1.88B+57.9% | 1.19B-36.2% | 1.87B-8.7% | |
| Acquisitions | 227M+2.7% | 221M+7266.7% | 3.00M-96.9% | 97.0M-95.5% | 2.18B+142.9% | |
| Purchases of investments | 188M-71.1% | 651M+355.2% | 143M-41.9% | 246M+43.9% | 171M-5.5% | |
| -3.06B-111.8% | -1.45B+8.7% | -1.58B-31.1% | -1.21B-890.2% | -122M+65.2% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 1.61B+24.4% | 1.29B+163.7% | 490M-50.2% | 983M+31.1% | 750M+49.1% | |
| Dividends paid | 701M+13.1% | 620M+9.9% | 564M+9.5% | 515M+11.2% | 463M+10.2% | |
| FX effect on cash | 136M+334.5% | -58.0M-241.5% | 41.0M+189.1% | -46.0M+8.0% | -50.0M-206.4% | |
| Net change in cash | -24.0M-108.6% | 278M-23.0% | 361M+959.5% | -42.0M+94.7% | -786M-202.7% | |
| Interest paid | 235M-16.1% | 280M-0.4% | 281M+41.9% | 198M+22.2% | 162M+22.7% | |
| Income taxes paid | 825M+34.6% | 613M+78.2% | 344M-29.5% | 488M-47.6% | 932M+81.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 90.6B+6.3% | 85.2B+19.2% | 71.5B+40.0% | 51.0B-29.4% | 72.3B+33.2% | |
| P/E | 36.8×-11.0% | 41.4×-12.4% | 47.2×+43.9% | 32.8×+0.5% | 32.7×+7.0% | |
| P/S | 11.7×-2.4% | 12.0×-3.7% | 12.5×+39.8% | 8.9×-23.3% | 11.6×+15.1% | |
| P/B | 22.3×-6.5% | 23.9×+6.7% | 22.4×-1.0% | 22.6×-14.7% | 26.5×-23.4% | |
| P/FCF | 35.2×+4.1% | 33.8×-16.1% | 40.3×-10.8% | 45.2×+16.5% | 38.8×+45.8% | |
| Earnings yield | 2.7%+12.4% | 2.4%+14.1% | 2.1%-30.5% | 3.0%-0.5% | 3.1%-6.5% | |
| FCF yield | 2.8%-3.9% | 3.0%+19.2% | 2.5%+12.1% | 2.2%-14.2% | 2.6%-31.4% | |
| Dividend yield | 0.74%+2.5% | 0.72%-8.9% | 0.79%-21.5% | 1.0%+58.3% | 0.63%-17.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: MCO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all MCO filings on SEC EDGAR → Not investment advice.