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Moody's CorporationStock · FinancialsS&P 500 0.1%
$471.43−$0.81 (-0.17%)as of market close, Jul 24, 2026
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How Moody's makes money

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How does Moody's make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Moody's Corporation · FY2025 · year ended 2025-12-31
Revenue$7.7BGross profit$5.7B · 74%Cost of revenue$2.0B · 26%Operating income$3.4B · 43%Operating expenses$2.4B · 31%SG&A$1.8B · 23%Other opex$591M · 8%Pre-tax income$3.1B · 41%Other expense$224M · 3%Net income$2.5B · 32%Income tax$668M · 9%Recurring Revenue$4.8B · 63%Transaction Revenue$2.9B · 37%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.