Moody's revenue and financials
$452.32Change from previous close: +0.93%Absolute change: +$4.17
In the fiscal year ended December 2025, Moody's reported revenue of $7.72B (+8.89% year over year). Net income was $2.46B, a net margin of 31.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +8.89%
- 2025 vs 2024
- Net income growth
- +19.48%
- 2025 vs 2024
- Net margin
- 31.9%
- 2024: 29.0%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,901 | 2,838 | 2,151 | 1,474 | 2,005 | 2,146 | 1,675 | 1,461 | 755 | 1,259 |
| Depreciation and amortization | 480 | 431 | 373 | 331 | 257 | 220 | 200 | 192 | 158 | 127 |
| Capital expenditure | -326 | -317 | -271 | -283 | -139 | -103 | -69.0 | -91.0 | -91.0 | -115 |
| Investing cash flow | 2.0 | -1,056 | -247 | -262 | -2,619 | — | — | — | — | — |
| Financing cash flow | -3,063 | -1,446 | -1,584 | -1,208 | -122 | — | — | — | — | — |
| Dividends paid | -701 | -620 | -564 | -515 | -463 | -420 | -378 | -337 | -290 | -285 |
| Share repurchases | -1,607 | -1,292 | -490 | -983 | -750 | -503 | -991 | -203 | -200 | -739 |
| Debt issued | 0.0 | 496 | 0.0 | 988 | 1,672 | — | — | — | — | — |
| Debt repaid | -700 | 0.0 | -500 | -626 | -500 | — | — | — | — | — |
| Effect of exchange rates | 136 | -58.0 | 41.0 | -46.0 | -50.0 | — | — | — | — | — |
| Net change in cash | -24.0 | 278 | 361 | -42.0 | -786 | — | — | — | — | — |
| Free cash flow | 2,575 | 2,521 | 1,880 | 1,191 | 1,866 | — | — | — | — | — |
| Levered free cash flow | 2,058 | 2,238 | 1,702 | 1,078 | 1,918 | — | — | — | — | — |