Moody's › Financials
Moody's financials
MCOTen years from Moody’s own SEC filings. Fiscal years end in December.
Income statement
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.60B | $4.20B | $4.44B | $4.83B | $5.37B | $6.22B | $5.47B | $5.92B | $7.09B | $7.72B | $8.16B | — |
| Operating income | $650.9M | $1.82B | $1.87B | $2.00B | $2.39B | $2.84B | $1.88B | $2.14B | $2.88B | $3.35B | $3.65B | — |
| Net income | $266.6M | $1.00B | $1.31B | $1.42B | $1.78B | $2.21B | $1.37B | $1.61B | $2.06B | $2.46B | $2.79B | — |
| Earnings per share, diluted | $1.36 | $5.15 | $6.74 | $7.42 | $9.39 | $11.78 | $7.44 | $8.73 | $11.26 | $13.67 | — | — |
Balance sheet
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.05B | $1.07B | $1.69B | $1.83B | $2.60B | $1.81B | $1.77B | $2.13B | $2.41B | $2.38B | — | $1.47B |
| Total assets | $5.33B | $8.59B | $9.53B | $10.27B | $12.41B | $14.68B | $14.35B | $14.62B | $15.51B | $15.83B | — | $14.68B |
| Debt | $3.36B | $5.41B | $5.68B | $5.58B | $6.42B | $7.41B | $7.39B | $7.00B | $7.43B | $6.99B | — | $6.95B |
| Total liabilities | $6.35B | $8.71B | $8.87B | $9.43B | $10.65B | $11.76B | $11.66B | $11.15B | $11.78B | $11.62B | — | $11.51B |
| Shareholders' equity | −$1.23B | −$327.7M | $459.9M | $612.0M | $1.57B | $2.73B | $2.52B | $3.32B | $3.56B | $4.05B | — | $3.02B |
Cash flow
| Dec 2016fiscal year | Dec 2017fiscal year | Dec 2018fiscal year | Dec 2019fiscal year | Dec 2020fiscal year | Dec 2021fiscal year | Dec 2022fiscal year | Dec 2023fiscal year | Dec 2024fiscal year | Dec 2025fiscal year | Last 12 monthsto Jun 2026 | Latest quarterJun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.26B | $755.0M | $1.46B | $1.68B | $2.15B | $2.00B | $1.47B | $2.15B | $2.84B | $2.90B | $3.32B | — |
| Capital spending | $115.2M | $91.0M | $91.0M | $69.0M | $103.0M | $139.0M | $283.0M | $271.0M | $317.0M | $326.0M | $352.0M | — |
| Free cash flow | $1.14B | $664.0M | $1.37B | $1.61B | $2.04B | $1.87B | $1.19B | $1.88B | $2.52B | $2.58B | $2.97B | — |
| Buybacks | $738.8M | $200.0M | $203.0M | $991.0M | $503.0M | $750.0M | $983.0M | $490.0M | $1.29B | $1.61B | $3.12B | — |
| Dividends | $285.1M | $290.0M | $337.0M | $378.0M | $420.0M | $463.0M | $515.0M | $564.0M | $620.0M | $701.0M | $700.0M | — |
| Returned to shareholders | $1.02B | $490.0M | $540.0M | $1.37B | $923.0M | $1.21B | $1.50B | $1.05B | $1.91B | $2.31B | $3.81B | — |
| Stock-based pay | $98.1M | $123.0M | $130.0M | $136.0M | $154.0M | $175.0M | $169.0M | $193.0M | $220.0M | $232.0M | $232.0M | — |
Where these numbers come from
Every column links to the filing it comes from on EDGAR. Last 12 months adds the latest year to date to the last 10-K and takes away the same months a year earlier. Debt is long-term debt including the part due within a year. A dash means the company did not report that line in a form we can read, never a zero. Market cap uses the latest closing price and the share count from the cover of the latest filing. How we count
Moody's financials, answered
What is Moody's market cap?
$84.01B at $485.07 a share, with 173,200,000 shares outstanding as of Jun 30, 2026, from the cover of its latest SEC filing.
How much does Moody's earn?
Revenue of $8.16B and net income of $2.79B in the last 12 months to Jun 2026.
How much debt does Moody's have?
Moody's reported $6.95B of debt and $1.47B of cash and equivalents on its balance sheet in Jun 2026.
Does Moody's make free cash flow?
Yes. Operating cash flow minus capital spending was $2.97B in the last 12 months to Jun 2026.
How much cash does Moody's return to shareholders?
$2.31B in buybacks and dividends in fiscal 2025, from the cash flow statement.