MCO Financials Moody's Corporation

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Oct 24, 2026, 11:08 UTC Overview →

Growth & profitability

Revenue has grown 7.5% per year over the past 5 years.
Net income has grown slower than revenue (6.7% vs 7.5% per year).
Operating margin has contracted, at 43.4% in the latest year.
Free cash flow has grown 4.7% per year over the past 5 years.

Financial health

Total debt ($7.0B) exceeds cash ($2.4B); net debt is $4.6B.
Total debt has grown slower than revenue (1.7% vs 7.5% per year).
Total debt is 1.8× EBITDA.

Shareholder returns

Dividends have been paid for 9 consecutive years, consuming 28.5% of earnings and 27.2% of free cash flow.
The dividend has grown 10.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$7.7B	$2.5B	74.4%	43.4%	60.7%	15.5%	$2.6B	$7.0B	$2.4B
2024	$7.1B	$2.1B	72.6%	40.6%	57.7%	13.3%	$2.5B	$7.4B	$2.4B
2023	$5.9B	$1.6B	71.5%	36.1%	48.4%	11.0%	$1.9B	$7.0B	$2.1B
2022	$5.5B	$1.4B	70.5%	34.4%	54.5%	9.6%	$1.2B	$7.4B	$1.8B
2021	$6.2B	$2.2B	73.7%	45.7%	81.2%	15.1%	$1.9B	$7.4B	$1.8B
2020	$5.4B	$1.8B	72.5%	44.5%	113.3%	14.3%	$2.0B	$6.4B	$2.6B
2019	$4.8B	$1.4B	71.3%	41.4%	232.4%	13.9%	$1.6B	$5.6B	$1.8B
2018	$4.4B	$1.3B	72.0%	42.0%	285.4%	13.8%	$1.4B	$5.7B	$1.7B
2017	$4.2B	$1.0B	71.1%	43.3%	-305.5%	11.6%	$664M	$5.5B	$1.1B
2016	$3.6B	$267M	0.0%	18.1%	-21.8%	5.0%	$1.1B	$3.4B	$2.1B
2015	—	$941M	—	—	-166.6%	18.4%	$1.1B	$3.4B	$1.8B
2014	—	$989M	—	—	-526.5%	21.2%	$944M	$2.5B	$1.2B
2013	—	$805M	—	—	238.7%	18.3%	$885M	$2.1B	$1.9B
2012	—	$690M	—	—	179.1%	17.4%	$778M	$1.7B	$1.8B
2011	—	$571M	—	—	-338.1%	19.9%	$736M	$1.2B	$760M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$2.0B	$734M	74.1%	44.8%	22.5%	4.9%	$668M	$6.9B	$1.5B
Jun '26	$2.2B	$878M	76.3%	47.9%	29.0%	6.0%	$688M	$6.9B	$1.5B
Mar '26	$2.1B	$661M	74.5%	44.3%	22.1%	4.5%	$844M	$7.0B	$1.5B
Dec '25	$1.9B	$610M	73.5%	40.8%	15.0%	3.9%	$777M	$7.0B	$2.4B
Sep '25	$2.0B	$646M	75.5%	45.7%	16.3%	4.2%	$658M	$7.0B	$2.2B
Jun '25	$1.9B	$578M	74.2%	43.1%	14.6%	3.7%	$468M	$7.0B	$2.2B
Mar '25	$1.9B	$625M	74.5%	44.0%	16.9%	4.1%	$672M	$6.8B	$2.1B
Dec '24	$1.7B	$395M	70.3%	33.6%	11.1%	2.5%	$600M	$7.4B	$2.4B
Sep '24	$1.8B	$534M	71.8%	40.7%	13.7%	3.4%	$631M	$7.6B	$2.6B
Jun '24	$1.8B	$552M	74.2%	42.7%	14.6%	3.7%	$593M	$6.9B	$2.6B
Mar '24	$1.8B	$577M	73.9%	44.8%	16.1%	3.8%	$697M	$6.9B	$2.5B
Dec '23	$1.5B	$340M	71.6%	33.6%	10.2%	2.3%	$404M	$7.0B	$2.1B
Sep '23	$1.5B	$389M	72.0%	36.3%	12.2%	2.7%	$391M	$6.9B	$2.0B
Jun '23	$1.5B	$377M	71.5%	36.8%	12.0%	2.6%	$550M	$7.2B	$2.3B
Mar '23	$1.5B	$501M	70.9%	37.7%	17.3%	3.4%	$535M	$7.5B	$2.1B
Dec '22	$1.3B	$246M	68.2%	23.7%	9.8%	1.7%	$298M	$7.4B	$1.8B
Sep '22	$1.3B	$303M	69.2%	32.4%	13.4%	2.2%	$265M	$7.5B	$1.7B
Jun '22	$1.4B	$327M	71.5%	36.8%	14.3%	2.3%	$217M	$7.7B	$1.6B
Mar '22	$1.5B	$498M	72.6%	43.1%	20.8%	3.4%	$411M	$7.8B	$1.8B
Dec '21	$1.5B	$427M	68.5%	33.4%	15.7%	2.9%	$237M	$7.4B	$1.8B

Valuation over time

How the market has priced MCO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 38.4× (Mar '23) to 35.5× (Nov '26).
The price-to-sales ratio has risen from 9.6× (Mar '23) to 11.3× (Nov '26).
The dividend yield has fallen from 1.0% (Mar '23) to 0.8% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MCO growing its revenue and profit?

Over the past 5 years, Moody's Corporation's revenue has grown 7.5% per year, and net income grown 6.7% per year. These are computed facts, not advice.

How much debt does MCO have?

As of FY2025, Moody's Corporation reported $7.0B of total debt against $2.4B of cash.

What is MCO's profit margin?

In FY2025, gross margin was 74.4%, operating margin 43.4%, and net margin 31.9%.

What is MCO's P/E ratio?

Moody's Corporation's P/E (TTM) is 30.26 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MCO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 35.5× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.