MCO

MKT CAP:$81B

Moody's Corporation

Market Cap

$81B

Financial Services·Financial - Data & Stock Exchanges·🇺🇸 United States·NYSE

Financials·Financial·🇺🇸·NYSE

Stock Price

$457.30-$41.69 (-8.35%)

Apr 24, 2026

Company Details

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessme...

CEO

Robert Scott Fauber

IPO Date

Oct 31, 1994

Website

www.moodys.com

Key Metrics TTM

Revenue

$7.9B

+9.0% YoY

Net Income

$2.5B

EPS (Diluted)

$13.94

Free Cash Flow

$3.0B

Revenue / Share

$44.40

Gross Margin

69.7%

Operating Margin

44.2%

Net Margin

31.7%

FCF Margin

38.0%

P/S

10.3x

P/E

32.5x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$2.1B+8.1%EPS $3.73

FY 2025

Feb 18, 2026

$7.7B+8.9%EPS $13.67

Q4 2025

Feb 18, 2026

$1.9B+13.0%EPS $3.41

Q3 2025

Oct 23, 2025

$2.0B+10.7%EPS $3.60

Q2 2025

Jul 24, 2025

$1.9B+4.5%EPS $3.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$1.4B	$907M	$539M
Q3 22	$1.3B	$799M	$414M
Q4 22	$1.3B	$791M	$388M
Q1 23	$1.5B	$954M	$568M
Q2 23	$1.5B	$975M	$560M
Q3 23	$1.5B	$965M	$562M
Q4 23	$1.5B	$962M	$534M
Q1 24	$1.8B	$1.2B	$802M
Q2 24	$1.8B	$1.2B	$791M
Q3 24	$1.8B	$1.2B	$759M
Q4 24	$1.7B	$1.1B	$621M
Q1 25	$1.9B	$1.3B	$882M
Q2 25	$1.9B	$1.3B	$843M
Q3 25	$2.0B	$1.4B	$917M
Q4 25	$1.9B	$1.3B	$795M
Q1 26	$2.1B	$1.5B	$922M

Valuation

Quarter	P/S	P/E
Q2 22	8.6x	29.6x
Q3 22	8.0x	29.6x
Q4 22	9.7x	38.8x
Q1 23	10.3x	40.6x
Q2 23	11.5x	44.5x
Q3 23	10.1x	38.2x
Q4 23	11.6x	42.7x
Q1 24	11.5x	42.7x
Q2 24	11.7x	41.4x
Q3 24	12.5x	43.2x
Q4 24	12.1x	41.8x
Q1 25	11.7x	40.0x
Q2 25	12.4x	42.3x
Q3 25	11.5x	38.5x
Q4 25	12.1x	37.9x
Q1 26	9.8x	30.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$291M	$217M
Q3 22	$336M	$265M
Q4 22	$377M	$298M
Q1 23	$608M	$535M
Q2 23	$604M	$550M
Q3 23	$462M	$391M
Q4 23	$477M	$404M
Q1 24	$775M	$697M
Q2 24	$686M	$593M
Q3 24	$703M	$631M
Q4 24	$674M	$600M
Q1 25	$757M	$672M
Q2 25	$543M	$468M
Q3 25	$743M	$903M
Q4 25	$858M	$777M
Q1 26	$939M	$844M

Capital Expenditures

Quarter	CapEx
Q2 22	$74M
Q3 22	$71M
Q4 22	$79M
Q1 23	$73M
Q2 23	$54M
Q3 23	$71M
Q4 23	$73M
Q1 24	$78M
Q2 24	$93M
Q3 24	$72M
Q4 24	$74M
Q1 25	$85M
Q2 25	$75M
Q3 25	$160M
Q4 25	$81M
Q1 26	$95M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-11.1%	+12.0%
Q3 22	-16.4%	+1.3%
Q4 22	-16.2%	-12.2%
Q1 23	-3.4%	+4.2%
Q2 23	+8.2%	+10.9%
Q3 23	+15.5%	+5.7%
Q4 23	+14.7%	+4.9%
Q1 24	+21.5%	+9.1%
Q2 24	+21.6%	+9.9%
Q3 24	+23.2%	+15.8%
Q4 24	+13.0%	+11.1%
Q1 25	+7.7%	+5.9%
Q2 25	+4.5%	+2.8%
Q3 25	+10.7%	+3.4%
Q4 25	+13.0%	+4.1%
Q1 26	+8.1%	+11.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$0	0.0%
Q3 22	$46M	3.6%
Q4 22	$39M	3.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$50M	3.4%
Q1 24	$53M	3.0%
Q2 24	$0	0.0%
Q3 24	$57M	3.1%
Q4 24	$54M	3.2%
Q1 25	$56M	2.9%
Q2 25	$0	0.0%
Q3 25	$174M	8.7%
Q4 25	$0	0.0%
Q1 26	$58M	2.8%

OpEx Breakdown

Quarter	G&A	SG&A
Q2 22	—	$368M
Q3 22	—	$385M
Q4 22	—	$403M
Q1 23	—	$386M
Q2 23	—	$415M
Q3 23	—	$403M
Q4 23	—	$428M
Q1 24	—	$414M
Q2 24	—	$446M
Q3 24	—	$433M
Q4 24	—	$441M
Q1 25	—	$440M
Q2 25	—	$441M
Q3 25	—	$453M
Q4 25	—	$468M
Q1 26	$477M	—

Revenue Segments

Quarter	Moodys Analytics	Moodys Investors Service
Q4 23	$796M	$684M
Q1 24	$1.1B	$719M
Q2 24	$1.1B	$731M
Q3 24	$1.1B	$701M
Q4 24	$1.4B	$259M
Q1 25	$1.2B	$769M
Q2 25	$1.2B	$699M
Q3 25	$1.2B	$787M
Q4 25	$1.3B	$623M

Revenue by Geography

Quarter	Asia Pacific	Emea	International Regions	U S
Q2 22	$151M	$422M	$658M	$85M
Q3 22	$129M	$393M	$607M	$85M
Q4 22	$141M	$433M	$670M	$96M
Q1 23	$151M	$451M	$700M	$98M
Q2 23	$146M	$470M	$712M	$96M
Q3 23	$145M	$455M	$704M	$104M
Q1 25	$167M	$569M	$1.1B	$123M
Q2 25	$174M	$613M	$906M	$119M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.6B	$86M	$1.7B
Q3 22	$1.7B	$89M	$1.7B
Q4 22	$1.8B	$90M	$1.9B
Q1 23	$2.1B	$78M	$2.2B
Q2 23	$2.3B	$57M	$2.3B
Q3 23	$2.0B	$73M	$2.1B
Q4 23	$2.1B	$63M	$2.2B
Q1 24	$2.5B	$58M	$2.5B
Q2 24	$2.6B	$63M	$2.7B
Q3 24	$2.6B	$573M	$3.2B
Q4 24	$2.4B	$566M	$3.0B
Q1 25	$2.1B	$62M	$2.2B
Q2 25	$2.2B	$116M	$2.3B
Q3 25	$2.2B	$78M	$2.3B
Q4 25	$2.4B	$64M	$2.4B
Q1 26	$1.5B	$41M	$1.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	185M	-0.6%	-1.6%
Q3 22	184M	-0.5%	-1.8%
Q4 22	184M	0.0%	-1.9%
Q1 23	184M	+0.1%	-1.1%
Q2 23	184M	0.0%	-0.4%
Q3 23	184M	-0.1%	+0.1%
Q4 23	184M	-0.2%	-0.2%
Q1 24	183M	-0.1%	-0.4%
Q2 24	183M	-0.2%	-0.6%
Q3 24	183M	-0.3%	-0.8%
Q4 24	183M	+0.1%	-0.5%
Q1 25	181M	-1.1%	-1.5%
Q2 25	181M	-0.1%	-1.4%
Q3 25	180M	-0.2%	-1.3%
Q4 25	179M	-0.8%	-2.2%
Q1 26	177M	-0.8%	-1.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$102.6K	13K
Q3 22	$94.7K	13K
Q4 22	$89.4K	14K
Q1 23	$101.9K	14K
Q2 23	$103.6K	14K
Q3 23	$102.0K	14K
Q4 23	$97.7K	15K
Q1 24	$117.9K	15K
Q2 24	$119.9K	15K
Q3 24	$119.7K	15K
Q4 24	$348.3K	5K
Q1 25	$400.8K	5K
Q2 25	$395.4K	5K
Q3 25	$418.1K	5K
Q4 25	$356.4K	5K
Q1 26	$392.3K	5K

Revenue / Employee