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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 779 | 939 | 858 | 743 | 543 | 757 | 674 | 703 | 686 | 775 | 477 | 462 |
| Depreciation and amortization | 126 | 122 | -87.0 | 123 | 120 | 113 | -67.0 | 108 | 110 | 100 | -24.0 | 95.0 |
| Capital expenditure | -91.0 | -95.0 | -81.0 | -85.0 | -75.0 | -85.0 | -74.0 | -72.0 | -93.0 | -78.0 | -73.0 | -71.0 |
| Investing cash flow | 112 | -91.0 | -42.0 | -54.0 | -126 | 224 | -181 | -684 | -95.0 | -96.0 | -54.0 | -90.0 |
| Financing cash flow | -910 | -1,719 | -609 | -674 | -482 | -1,298 | -634 | -81.0 | -423 | -308 | -353 | -607 |
| Dividends paid | -180 | -185 | -167 | -168 | -171 | -195 | -155 | -156 | -154 | -155 | -140 | -141 |
| Share repurchases | -738 | -1,547 | -444 | -517 | -319 | -426 | -486 | -431 | -293 | -173 | -216 | -173 |
| Debt issued | — | — | 0.0 | — | — | — | — | 496 | — | — | — | — |
| Debt repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -700 | — | — | — | — | — | -300 |
| Effect of exchange rates | 17.0 | -44.0 | -4.0 | -8.0 | 100 | 48.0 | -93.0 | 69.0 | -9.0 | -25.0 | 54.0 | -37.0 |
| Net change in cash | -2.0 | -915 | 203 | 7.0 | 35.0 | -269 | -234 | 7.0 | 159 | 346 | 124 | -272 |
| Free cash flow | 688 | 844 | 777 | 658 | 468 | 672 | 600 | 631 | 593 | 697 | 404 | 391 |
| Levered free cash flow | 659 | 756 | 655 | 511 | 344 | 548 | 664 | 538 | 432 | 603 | 380 | 372 |