Moody's MCO
$505.67 −$9.67 (-1.88%)
Market closed · Nov 6, 9:50 pm ET · Last extended-hours $504.94 -0.14%
Open$501.68
Prev close$515.34
Day range$501.68 – $510.64
Volume682.5K
Market cap$87.19B
P/E (TTM)30.9
Dividend yield0.80%
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$2.02B+0.8% YoY
Operating profit$933.00M-0.6% YoY
Net profit$736.00M+13.8% YoY
Diluted EPS$4.24+17.8% YoY
Free cash flow$668.00M+1.5% YoY
Operating cash flow$753.00M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin74.6%
Operating margin45.9%
Net margin35.3%
Return on equity79.8%
Return on assets19.1%
Return on invested capital27.6%
Current ratio1.29
Liabilities / assets77.0%
Cash & investments$1.62B
Total debt$7.40B
Net cash (debt)-$5.78B
Free cash flow / sales36.4%
Where the revenue comes from
Quarter 2026/Q3
By business line
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $2.02B | $2.19B | $2.08B | $7.72B | $1.89B |
| Total Operating Revenue | $2.02B | $2.19B | $2.08B | $7.72B | $1.89B |
| Cost of Revenue | $524.00M | $518.00M | $531.00M | $1.97B | $501.00M |
| Gross Profit | $1.50B | $1.67B | $1.55B | $5.75B | $1.39B |
| Operating Expense | $566.00M | $589.00M | $599.00M | $2.28B | $592.00M |
| Selling and Admin Expenses | $442.00M | $463.00M | $477.00M | $1.80B | $468.00M |
| Depreciation & Amortization & Depletion | $124.00M | $126.00M | $122.00M | $480.00M | $124.00M |
| -Depreciation & Amortization | $124.00M | $126.00M | $122.00M | $480.00M | $124.00M |
| Operating Profit | $933.00M | $1.08B | $949.00M | $3.46B | $796.00M |
| Net Non-Operating Interest Income (Expense) | -$54.00M | -$58.00M | -$66.00M | -$213.00M | -$33.00M |
| Non-Operating Interest Income | $9.00M | $9.00M | $12.00M | $68.00M | $17.00M |
| Non-Operating Interest Expense | $63.00M | $67.00M | $78.00M | $281.00M | $50.00M |
| Other Income (Expense) | $89.00M | $151.00M | -$13.00M | -$119.00M | -$76.00M |
| Gain on Sale of Security | -$2.00M | -$5.00M | -$3.00M | $2.00M | $4.00M |
| Earnings from Equity Interest | $4.00M | $0.00 | $14.00M | $20.00M | $2.00M |
| Special Income (Charges) | $88.00M | $149.00M | -$27.00M | -$167.00M | -$82.00M |
| -Less:Restructuring and Mergern & Acquisition | $27.00M | $32.00M | $27.00M | $111.00M | $26.00M |
| -Gain on Sale Of Business | $115.00M | $181.00M | – | $23.00M | $23.00M |
| Other Non-Operating Income (Expenses) | -$1.00M | $7.00M | $3.00M | $26.00M | $0.00 |
| Pretax Profit | $968.00M | $1.17B | $870.00M | $3.13B | $687.00M |
| Tax | $232.00M | $292.00M | $209.00M | $668.00M | $76.00M |
| Net Profit | $736.00M | $879.00M | $661.00M | $2.46B | $611.00M |
| Profit from Continuing Operations | $736.00M | $879.00M | $661.00M | $2.46B | $611.00M |
| Minority Interests | $2.00M | $1.00M | – | $3.00M | $1.00M |
| Net Income to Parent Company | $734.00M | $878.00M | $661.00M | $2.46B | $610.00M |
| Net Income to Common Stockholders | $734.00M | $878.00M | $661.00M | $2.46B | $610.00M |
| Basic EPS | $4.25 | $5.04 | $3.74 | $13.73 | $3.43 |
| Diluted EPS | $4.24 | $5.03 | $3.73 | $13.67 | $3.41 |
| Dividend Per Share | $1.03 | $1.03 | $1.03 | $3.76 | $0.94 |
| -General & Admin Expense | – | – | – | $1.80B | – |
| -Less:Other Special Charges | – | – | – | $79.00M | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $14.83B | $14.68B | $14.73B | $15.83B | $15.83B |
| Total Current Assets | $4.22B | $3.98B | $4.21B | $5.19B | $5.19B |
| Cash and Cash Equivalents & Short-Term Investments | $1.62B | $1.50B | $1.51B | $2.45B | $2.45B |
| -Cash and Cash Equivalents | $1.51B | $1.47B | $1.47B | $2.38B | $2.38B |
| -Short Term Investments | $108.00M | $29.00M | $41.00M | $64.00M | $64.00M |
| Receivables | $2.05B | $2.03B | $2.10B | $2.12B | $2.12B |
| -Accounts Receivable | $1.83B | $1.92B | $2.04B | $2.02B | $2.02B |
| -Accrued Interest Receivable | $63.00M | $75.00M | $53.00M | $95.00M | $95.00M |
| -Other Receivables | $154.00M | $40.00M | – | – | – |
| Prepaid Assets | $364.00M | $241.00M | $313.00M | $323.00M | $323.00M |
| Current Deferred Assets | $149.00M | $146.00M | $149.00M | $143.00M | $143.00M |
| Other Current Assets | $43.00M | $64.00M | $44.00M | $46.00M | $46.00M |
| Total Non-Current Assets | $10.61B | $10.69B | $10.52B | $10.64B | $10.64B |
| Net PPE | $1.29B | $1.26B | $1.01B | $1.00B | $1.00B |
| -Gross PPE | $2.94B | $2.84B | $2.64B | $2.58B | $2.58B |
| -Accumulated Depreciation | -$1.65B | -$1.58B | -$1.63B | -$1.57B | -$1.57B |
| Investments and Advances | $581.00M | $586.00M | $594.00M | $599.00M | $599.00M |
| -Available for Sale Securities | $92.00M | $103.00M | $99.00M | $110.00M | $110.00M |
| -Long Term Equity Investment | $489.00M | $483.00M | $495.00M | $489.00M | $489.00M |
| Financial Assets | $5.00M | $5.00M | $9.00M | $0.00 | $0.00 |
| Non-Current Prepaid Assets | $16.00M | $15.00M | $16.00M | $16.00M | $16.00M |
| Goodwill and Other Intangible Assets | $8.00B | $8.07B | $8.14B | $8.23B | $8.23B |
| -Goodwill | $6.30B | $6.32B | $6.34B | $6.37B | $6.37B |
| -Other Intangible Assets | $1.69B | $1.75B | $1.81B | $1.87B | $1.87B |
| Defined Pension Benefit | $82.00M | $81.00M | $77.00M | $74.00M | $74.00M |
| Non-Current Deferred Assets | $497.00M | $534.00M | $516.00M | $558.00M | $558.00M |
| Other Non-Current Assets | $138.00M | $147.00M | $153.00M | $159.00M | $159.00M |
| Total Liabilities | $11.42B | $11.51B | $11.59B | $11.63B | $11.63B |
| Total Current Liabilities | $3.28B | $3.35B | $3.64B | $2.98B | $2.98B |
| Payables | $239.00M | $219.00M | $273.00M | $216.00M | $216.00M |
| -Accounts Payable | $62.00M | $48.00M | $97.00M | $62.00M | $62.00M |
| -Total Tax Payable | $160.00M | $160.00M | $169.00M | $146.00M | $146.00M |
| -Dividends Payable | $17.00M | $11.00M | $7.00M | $8.00M | $8.00M |
| Current Accrued Expenses | $447.00M | $470.00M | $487.00M | $490.00M | $490.00M |
| Short-Term Debt and Capital Lease Obligation | $661.00M | $664.00M | $670.00M | $95.00M | $95.00M |
| -Current Debt | $568.00M | $571.00M | $576.00M | – | – |
| -Current Capital Lease Obligation | $93.00M | $93.00M | $94.00M | $95.00M | $95.00M |
| Current Deferred Liabilities | $1.55B | $1.75B | $2.02B | $1.75B | $1.75B |
| Other Current Liabilities | $73.00M | $18.00M | $72.00M | $36.00M | $36.00M |
| Total Non-Current Liabilities | $8.14B | $8.16B | $7.95B | $8.64B | $8.64B |
| Long Term Accounts Payable and Other Payables | $167.00M | $170.00M | $164.00M | $158.00M | $158.00M |
| Non-Current Accrued Expenses | $49.00M | $50.00M | $46.00M | $43.00M | $43.00M |
| Long Term Debt and Capital Lease Obligation | $6.83B | $6.86B | $6.64B | $7.26B | $7.26B |
| -Long Term Debt | $6.34B | $6.38B | $6.39B | $6.99B | $6.99B |
| -Long Term Capital Lease Obligation | $488.00M | $483.00M | $256.00M | $262.00M | $262.00M |
| Derivative Product Liabilities | $420.00M | $469.00M | $456.00M | $540.00M | $540.00M |
| Non-Current Liabilities | $19.00M | $19.00M | $19.00M | $19.00M | $19.00M |
| Non-Current Deferred Liabilities | $393.00M | $345.00M | $365.00M | $371.00M | $371.00M |
| Employee Benefits | $209.00M | $212.00M | $209.00M | $216.00M | $216.00M |
| Other Non-Current Liabilities | $48.00M | $41.00M | $44.00M | $41.00M | $41.00M |
| Total Equity | $3.41B | $3.17B | $3.14B | $4.21B | $4.21B |
| Stockholders' Equity | $3.27B | $3.03B | $2.99B | $4.05B | $4.05B |
| 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 | $1.82B | $1.75B | $1.69B | $1.68B | $1.68B |
| Retained Earnings | $19.58B | $19.03B | $18.33B | $17.85B | $17.85B |
| Less: Treasury Stock | $17.59B | $17.20B | $16.51B | $14.98B | $14.98B |
| Gains/Losses Not Affecting Retained Earnings | -$541.00M | -$554.00M | -$519.00M | -$500.00M | -$500.00M |
| Minority Interests | $144.00M | $141.00M | $149.00M | $151.00M | $151.00M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $753.00M | $779.00M | $939.00M | $2.90B | $858.00M |
| Net cash flow from continuing operations | $753.00M | $779.00M | $939.00M | $2.90B | $858.00M |
| Net Income from Continuing Operations | $736.00M | $879.00M | $661.00M | $2.46B | $611.00M |
| Gain/Loss from Continuing Operations | -$115.00M | – | – | -$23.00M | – |
| Depreciation & Depletion & Amortization | $124.00M | $126.00M | $122.00M | $480.00M | $124.00M |
| Deferred Tax | $78.00M | -$51.00M | $23.00M | -$17.00M | -$57.00M |
| Other Non-Cash Items | $1.00M | $1.00M | $1.00M | $9.00M | $1.00M |
| Change in Working Capital | -$131.00M | -$57.00M | $70.00M | -$254.00M | $143.00M |
| -Change in Receivables | $86.00M | $127.00M | -$47.00M | -$203.00M | -$266.00M |
| -Change in Payables and Accrued Expense | $70.00M | -$18.00M | -$175.00M | -$55.00M | $262.00M |
| -Change in Other Current Assets | -$96.00M | $55.00M | $37.00M | -$40.00M | -$37.00M |
| -Change in Other Current Liabilities | $1.00M | $12.00M | $2.00M | -$104.00M | -$94.00M |
| -Change In Other Working Capital | -$192.00M | -$233.00M | $253.00M | $148.00M | $278.00M |
| Net cash flow from investing | -$151.00M | $112.00M | -$91.00M | $2.00M | -$42.00M |
| Net Cash Flow from Continuing Investing Activities | -$151.00M | $112.00M | -$91.00M | $2.00M | -$42.00M |
| Capital Expenditure | -$85.00M | -$91.00M | -$95.00M | -$326.00M | -$81.00M |
| Net Business Purchase and Sale | -$2.00M | $199.00M | -$24.00M | -$206.00M | $35.00M |
| Net Investment Purchase and Sale | -$64.00M | $4.00M | $28.00M | $534.00M | $4.00M |
| Financing Cash Flow | -$561.00M | -$910.00M | -$1.72B | -$3.06B | -$609.00M |
| Net Cash Flow from Continuing Financing Activities | -$561.00M | -$910.00M | -$1.72B | -$3.06B | -$609.00M |
| Net Issuance Payments Of Debt | $0.00 | $0.00 | $0.00 | -$700.00M | $0.00 |
| Net Common Stock Issuance | -$388.00M | -$694.00M | -$1.47B | -$1.71B | -$536.00M |
| Cash Dividends Paid | -$178.00M | -$180.00M | -$185.00M | -$701.00M | -$167.00M |
| Proceeds from Stock Option Exercised | $5.00M | -$33.00M | -$63.00M | $49.00M | $97.00M |
| Net Other Financing Charges | $0.00 | – | – | -$5.00M | -$3.00M |
| Ending Cash Balance | $1.51B | $1.47B | $1.47B | $2.38B | $2.38B |
| Net Change in Cash | $41.00M | -$19.00M | -$871.00M | -$160.00M | $207.00M |
| Beginning Cash Balance | $1.47B | $1.47B | $2.38B | $2.41B | $2.18B |
| Effect of Exchange Rate Changes | $5.00M | $17.00M | -$44.00M | $136.00M | -$4.00M |
| Free Cash Flow | $668.00M | $688.00M | $844.00M | $2.58B | $777.00M |
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