Moody's (MCO) financial statements

+241.7%since 2007
FY2025 revenue
$7.7B▲ +8.9%
FY2025 net income
$2.5B▲ +19.5%
FY2025 diluted EPS
$13.67▲ +21.4%
FY2025 free cash flow
$2.6B▲ +2.1%

Moody's income statement

Moody's income statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Revenue7,7187,0885,916
Operating income3,3512,8752,137
Pretax income3,1302,6991,935
Net income2,4592,0581,607
Diluted earnings per share13.6711.268.73

Moody's balance sheet

Moody's balance sheet
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Cash and cash equivalents2,3842,4082,130
Total assets15,83015,50514,622
Total liabilities11,62511,77811,146
Total equity4,2053,7273,476
Long-term debt6,9946,7317,001

Moody's cash flow statement

Moody's cash flow statement
USD millionsFY2025FY2024FY2023
Period ended31 Dec 202531 Dec 202431 Dec 2023
Operating cash flow2,9012,8382,151
Capital expenditure-326-317-271
Free cash flow (derived)2,5752,5211,880
Dividends paid-701-620-564
Share repurchases-1,607-1,292-490

Quarterly highlights

Quarterly highlights
USD millionsQ3 FY2026Q2 FY2026Q1 FY2026Q4 FY2025
Period ended30 Sep 202630 Jun 202631 Mar 202631 Dec 2025
Revenue (derived)2,0232,1852,0791,889
Operating income (derived)9061,046922770
Net income (derived)734878661610
Diluted earnings per share4.245.033.73n/a
Operating cash flow (derived)753779939858
Total assets14,83014,67514,73215,830

Moody's major shareholders

Moody's major shareholders
HolderShare of classSharesFiled
Christopher Hohn8.2%14,334,02715 May 2026
TCI Fund Management Ltd8.2%14,334,02715 May 2026
Vanguard Capital Management6.4%11,415,56530 April 2026

Moody's 10-K and SEC filings

Moody's 10-K and SEC filings
FiledFormTypeDescription
21 October 202610-QQuarterly reportQuarterly report
21 October 20268-KCurrent reportCurrent report
12 August 20268-KCurrent reportCurrent report
23 July 202610-QQuarterly reportQuarterly report
22 July 20268-KCurrent reportCurrent report
23 April 202610-QQuarterly reportQuarterly report
22 April 20268-KCurrent reportCurrent report
16 April 20268-KCurrent reportCurrent report

Common questions

What was Moody's's revenue in fiscal 2025?

Moody's reported $7.7 billion in revenue for fiscal 2025, the year ended 31 December 2025, up 8.9% from fiscal 2024.

What was Moody's's net income in fiscal 2025?

Moody's reported net income of $2.5 billion for fiscal 2025, the year ended 31 December 2025, up 19.5% from fiscal 2024. Diluted earnings per share were $13.67.

What was Moody's's free cash flow in fiscal 2025?

Moody's had $2.6 billion in free cash flow in fiscal 2025. Operating cash flow was $2.9 billion and capital expenditure was $326 million.

What were Moody's's total assets at the end of fiscal 2025?

Moody's reported total assets of $15.8 billion at the end of fiscal 2025, the year ended 31 December 2025.

How much Moody's history do I get?

Every account gets the full history, annual and quarterly, with first reported values and as of dates.