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Moody's MCO

US equityMarket cap rank #200
$467.99
−$5.86 (-1.24%)
Market open · Sep 24, 2:00 pm ET
After hours $473.85 0.00%
Open$473.81
Prev close$473.85
Day range$463.89 – $479.09
Volume250.8K
Market cap$81.05B
P/E (TTM)29.7
Dividend yield0.84%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$2.19B+15.1% YoY
Operating profit$1.08B+27.4% YoY
Net profit$879.00M+51.8% YoY
Diluted EPS$5.03+56.7% YoY
Free cash flow$688.00M+47.0% YoY
Operating cash flow$779.00M

Revenue, last 8 quarters

$1.8BSep '24$1.7BDec '24$1.9BMar '25$1.9BJun '25$2.0BSep '25$1.9BDec '25$2.1BMar '26$2.2BJun '26

Net profit, last 8 quarters

$534.0MSep '24$395.0MDec '24$625.0MMar '25$579.0MJun '25$647.0MSep '25$611.0MDec '25$661.0MMar '26$879.0MJun '26

Diluted EPS by quarter

2.93Sep '242.17Dec '243.46Mar '253.21Jun '253.60Sep '253.41Dec '253.73Mar '265.03Jun '26

Free cash flow by quarter

$631.0MSep '24$600.0MDec '24$672.0MMar '25$468.0MJun '25$658.0MSep '25$777.0MDec '25$844.0MMar '26$688.0MJun '26

Annual revenue

$5.4BFY20$6.2BFY21$5.5BFY22$5.9BFY23$7.1BFY24$7.7BFY25

Profitability & balance sheet

Gross margin75.0%
Operating margin46.1%
Net margin34.3%
Return on equity80.2%
Return on assets18.5%
Return on invested capital27.2%
Current ratio1.19
Liabilities / assets78.4%
Cash & investments$1.50B
Total debt$7.43B
Net cash (debt)-$5.93B
Free cash flow / sales36.4%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Moody’s Investors Service (MIS)$1.31B 58.6%
  • Moody’s Analytics (MA)$928.00M 41.4%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $2.19B $2.08B $7.72B $1.89B $2.01B
Total Operating Revenue $2.19B $2.08B $7.72B $1.89B $2.01B
Cost of Revenue $518.00M $531.00M $1.97B $501.00M $492.00M
Gross Profit $1.67B $1.55B $5.75B $1.39B $1.52B
Operating Expense $589.00M $599.00M $2.28B $592.00M $576.00M
Selling and Admin Expenses $463.00M $477.00M $1.80B $468.00M $453.00M
Depreciation & Amortization & Depletion $126.00M $122.00M $480.00M $124.00M $123.00M
-Depreciation & Amortization $126.00M $122.00M $480.00M $124.00M $123.00M
Operating Profit $1.08B $949.00M $3.46B $796.00M $939.00M
Net Non-Operating Interest Income (Expense) -$58.00M -$66.00M -$213.00M -$33.00M -$58.00M
Non-Operating Interest Income $9.00M $12.00M $68.00M $17.00M $14.00M
Non-Operating Interest Expense $67.00M $78.00M $281.00M $50.00M $72.00M
Other Income (Expense) $151.00M -$13.00M -$119.00M -$76.00M -$14.00M
Gain on Sale of Security -$5.00M -$3.00M $2.00M $4.00M -$4.00M
Earnings from Equity Interest $0.00 $14.00M $20.00M $2.00M $4.00M
Special Income (Charges) $149.00M -$27.00M -$167.00M -$82.00M -$22.00M
-Less:Restructuring and Mergern & Acquisition $32.00M $27.00M $111.00M $26.00M $22.00M
-Gain on Sale Of Business $181.00M – $23.00M – –
Other Non-Operating Income (Expenses) $7.00M $3.00M $26.00M $0.00 $8.00M
Pretax Profit $1.17B $870.00M $3.13B $687.00M $867.00M
Tax $292.00M $209.00M $668.00M $76.00M $220.00M
Net Profit $879.00M $661.00M $2.46B $611.00M $647.00M
Profit from Continuing Operations $879.00M $661.00M $2.46B $611.00M $647.00M
Minority Interests $1.00M – $3.00M $1.00M $1.00M
Net Income to Parent Company $878.00M $661.00M $2.46B $610.00M $646.00M
Net Income to Common Stockholders $878.00M $661.00M $2.46B $610.00M $646.00M
Basic EPS $5.04 $3.74 $13.73 $3.43 $3.61
Diluted EPS $5.03 $3.73 $13.67 $3.41 $3.60
Dividend Per Share $1.03 $1.03 $3.76 $0.94 $0.94
-General & Admin Expense – – $1.80B – –
-Less:Other Special Charges – – $79.00M – –

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $14.68B $14.73B $15.83B $15.83B $15.42B
Total Current Assets $3.98B $4.21B $5.19B $5.19B $4.60B
Cash and Cash Equivalents & Short-Term Investments $1.50B $1.51B $2.45B $2.45B $2.26B
-Cash and Cash Equivalents $1.47B $1.47B $2.38B $2.38B $2.18B
-Short Term Investments $29.00M $41.00M $64.00M $64.00M $78.00M
Receivables $1.96B $2.04B $2.02B $2.02B $1.77B
-Accounts Receivable $1.92B $2.04B $2.02B $2.02B $1.77B
-Other Receivables $40.00M – – – –
Prepaid Assets $241.00M $313.00M $323.00M $323.00M $300.00M
Other Current Assets $210.00M $193.00M $189.00M $189.00M $173.00M
Total Non-Current Assets $10.69B $10.52B $10.64B $10.64B $10.82B
Net PPE $1.26B $1.01B $1.00B $1.00B $1.01B
-Gross PPE $2.84B $2.64B $2.58B $2.58B $2.52B
-Accumulated Depreciation -$1.58B -$1.63B -$1.57B -$1.57B -$1.51B
Investments and Advances $586.00M $594.00M $599.00M $599.00M $589.00M
-Available for Sale Securities $103.00M $99.00M $110.00M $110.00M $106.00M
-Long Term Equity Investment $483.00M $495.00M $489.00M $489.00M $483.00M
Financial Assets $5.00M $9.00M $0.00 $0.00 $0.00
Non-Current Prepaid Assets $15.00M $16.00M $16.00M $16.00M $17.00M
Goodwill and Other Intangible Assets $8.07B $8.14B $8.23B $8.23B $8.38B
-Goodwill $6.32B $6.34B $6.37B $6.37B $6.47B
-Other Intangible Assets $1.75B $1.81B $1.87B $1.87B $1.92B
Defined Pension Benefit $81.00M $77.00M $74.00M $74.00M $62.00M
Non-Current Deferred Assets $534.00M $516.00M $558.00M $558.00M $514.00M
Other Non-Current Assets $147.00M $153.00M $159.00M $159.00M $241.00M
Total Liabilities $11.51B $11.59B $11.63B $11.63B $11.30B
Total Current Liabilities $3.35B $3.64B $2.98B $2.98B $2.50B
Payables $219.00M $273.00M $216.00M $216.00M $157.00M
-Accounts Payable $48.00M $97.00M $62.00M $62.00M $54.00M
-Total Tax Payable $160.00M $169.00M $146.00M $146.00M $89.00M
-Dividends Payable $11.00M $7.00M $8.00M $8.00M $14.00M
Current Accrued Expenses $470.00M $487.00M $490.00M $490.00M $432.00M
Short-Term Debt and Capital Lease Obligation $664.00M $670.00M $95.00M $95.00M $98.00M
-Current Debt $571.00M $576.00M – – –
-Current Capital Lease Obligation $93.00M $94.00M $95.00M $95.00M $98.00M
Current Deferred Liabilities $1.75B $2.02B $1.75B $1.75B $1.50B
Other Current Liabilities $18.00M $72.00M $36.00M $36.00M $40.00M
Total Non-Current Liabilities $8.16B $7.95B $8.64B $8.64B $8.80B
Long Term Accounts Payable and Other Payables $170.00M $164.00M $158.00M $158.00M $232.00M
Non-Current Accrued Expenses $50.00M $46.00M $43.00M $43.00M $63.00M
Long Term Debt and Capital Lease Obligation $6.86B $6.64B $7.26B $7.26B $7.27B
-Long Term Debt $6.38B $6.39B $6.99B $6.99B $6.98B
-Long Term Capital Lease Obligation $483.00M $256.00M $262.00M $262.00M $282.00M
Derivative Product Liabilities $469.00M $456.00M $540.00M $540.00M $570.00M
Non-Current Liabilities $19.00M $19.00M $19.00M $19.00M $19.00M
Non-Current Deferred Liabilities $345.00M $365.00M $371.00M $371.00M $406.00M
Employee Benefits $212.00M $209.00M $216.00M $216.00M $208.00M
Other Non-Current Liabilities $41.00M $44.00M $41.00M $41.00M $41.00M
Total Equity $3.17B $3.14B $4.21B $4.21B $4.11B
Stockholders' Equity $3.03B $2.99B $4.05B $4.05B $3.96B
Capital Stock $3.00M $3.00M $3.00M $3.00M $3.00M
-Common Stock $3.00M $3.00M $3.00M $3.00M $3.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $1.75B $1.69B $1.68B $1.68B $1.62B
Retained Earnings $19.03B $18.33B $17.85B $17.85B $17.41B
Less: Treasury Stock $17.20B $16.51B $14.98B $14.98B $14.54B
Gains/Losses Not Affecting Retained Earnings -$554.00M -$519.00M -$500.00M -$500.00M -$538.00M
Minority Interests $141.00M $149.00M $151.00M $151.00M $155.00M

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $779.00M $939.00M $2.90B $858.00M $743.00M
Net cash flow from continuing operations $779.00M $939.00M $2.90B $858.00M $743.00M
Net Income from Continuing Operations $879.00M $661.00M $2.46B $611.00M $647.00M
Depreciation & Depletion & Amortization $126.00M $122.00M $480.00M $124.00M $123.00M
Deferred Tax -$51.00M $23.00M -$17.00M -$57.00M $23.00M
Other Non-Cash Items $1.00M $1.00M $9.00M $1.00M $1.00M
Change in Working Capital -$57.00M $70.00M -$254.00M $143.00M -$113.00M
-Change in Receivables $127.00M -$47.00M -$203.00M -$266.00M -$31.00M
-Change in Payables and Accrued Expense -$18.00M -$175.00M -$55.00M $262.00M $24.00M
-Change in Other Current Assets $55.00M $37.00M -$40.00M -$37.00M $46.00M
-Change in Other Current Liabilities $12.00M $2.00M -$104.00M -$94.00M $4.00M
-Change In Other Working Capital -$233.00M $253.00M $148.00M $278.00M -$156.00M
Net cash flow from investing $112.00M -$91.00M $2.00M -$42.00M -$54.00M
Net Cash Flow from Continuing Investing Activities $112.00M -$91.00M $2.00M -$42.00M -$54.00M
Capital Expenditure -$91.00M -$95.00M -$326.00M -$81.00M -$85.00M
Net Business Purchase and Sale $199.00M -$24.00M -$206.00M $35.00M -$6.00M
Net Investment Purchase and Sale $4.00M $28.00M $534.00M $4.00M $37.00M
Financing Cash Flow -$910.00M -$1.72B -$3.06B -$609.00M -$674.00M
Net Cash Flow from Continuing Financing Activities -$910.00M -$1.72B -$3.06B -$609.00M -$674.00M
Net Issuance Payments Of Debt $0.00 $0.00 -$700.00M $0.00 $0.00
Net Common Stock Issuance -$694.00M -$1.47B -$1.71B -$536.00M -$513.00M
Cash Dividends Paid -$180.00M -$185.00M -$701.00M -$167.00M -$168.00M
Proceeds from Stock Option Exercised -$33.00M -$63.00M $49.00M $97.00M $8.00M
Ending Cash Balance $1.47B $1.47B $2.38B $2.38B $2.18B
Net Change in Cash -$19.00M -$871.00M -$160.00M $207.00M $15.00M
Beginning Cash Balance $1.47B $2.38B $2.41B $2.18B $2.17B
Effect of Exchange Rate Changes $17.00M -$44.00M $136.00M -$4.00M -$8.00M
Free Cash Flow $688.00M $844.00M $2.58B $777.00M $658.00M
Gain/Loss from Continuing Operations – – -$23.00M – –
Net Other Financing Charges – – -$5.00M -$3.00M -$1.00M
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