MCO FY 2025 Earnings Report — Moody's Corporation Revenue & Financial Results | Market Cap Arena

Moody's CorporationMCO

FY 2025 Earnings

Reported February 18, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$7.7B	—	$7.1B	—	8.9%
Op. Income	$3.5B	—	$3.0B	—	16.3%
Gross Margin	68.2%	—	66.4%	—	1.7pp
Net Margin	31.9%	—	29.0%	—	2.8pp
EPS (Diluted)	$13.67	—	$11.26	—	21.4%
Free Cash Flow	$2.6B	—	$2.5B	—	2.1%

Revenue Flow

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$5.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$4.3B
OPERATING INCOME	$3.5B
Interest Income	$65M
Interest Expense	$189M
Other Income/Expenses	-$325M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$668M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$480M
EBIT	$3.5B
EBITDA	$3.9B
EPS	$14
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$2.5B
GROSS PROFIT	$5.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$4.3B
OPERATING INCOME	$3.5B
Interest Income	$65M
Interest Expense	$189M
Other Income/Expenses	-$325M
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$668M
Net Income from Continuing Ops	$2.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.5B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.5B
D&A	$480M
EBIT	$3.5B
EBITDA	$3.9B
EPS	$14
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$2.5B
Depreciation & Amortization	$480M
Stock-Based Compensation	$232M
Deferred Income Tax	-$17M
Other Non-Cash Items	$1M
Change in Working Capital	-$254M
OPERATING CASH FLOW	$2.9B
Capital Expenditure	-$326M
Acquisitions (Net)	-$187M
Purchases of Investments	-$207M
Sales/Maturities of Investments	$690M
Other Investing Activities	$32M
NET CASH FROM INVESTING	$2M
Net Debt Issuance	-$700M
Common Stock Repurchased	-$1.7B
Common Dividends Paid	-$701M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$3.1B
FREE CASH FLOW	$2.6B
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$64M
Net Receivables	$2.0B
Inventory	$0
Other Current Assets	$714M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$1.0B
Goodwill	$6.4B
Intangible Assets	$1.9B
Long-Term Investments	$0
Tax Assets	$305M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$10.6B
TOTAL ASSETS	$15.8B
Account Payables	$0
Short-Term Debt	$95M
Deferred Revenue	$1.6B
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$7.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$315M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$8.6B
TOTAL LIABILITIES	$11.6B
Common Stock	$3M
Additional Paid-In Capital	$0
Retained Earnings	$17.9B
Treasury Stock	-$13.3B
Accum. Other Comp. Income	-$500M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$151M
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$15.8B
Total Debt	$7.4B
Net Debt	$5.0B