Moody's Corporation income statement
In fiscal 2025, Moody's Corporation reported revenue of $7.72bn, up 8.9% on the year before, operating income of $3.35bn (a 43.4% margin) and net income of $2.46bn, or $13.67 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,797 | 2,032 | 2,281 | 2,730 | 2,973 | 3,334 | 3,485 | 3,604 | 4,204 | 4,443 | 4,829 | 5,371 | 6,218 | 5,468 | 5,916 | 7,088 | 7,718 | 8,176 |
| Cost of revenue | — | — | — | — | — | — | — | — | 1,216 | 1,246 | 1,387 | 1,475 | 1,637 | 1,613 | 1,687 | 1,945 | 1,973 | 2,074 |
| Gross profit | — | — | — | — | — | — | — | — | 2,988 | 3,197 | 3,442 | 3,896 | 4,581 | 3,855 | 4,229 | 5,143 | 5,745 | 6,102 |
| Research and development | 14 | 20 | 30 | 16 | 23 | 38 | 29 | 40 | 42 | 51 | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 496 | 588 | 630 | 752 | 822 | 869 | 921 | 931 | 986 | 1,080 | 1,167 | 1,229 | 1,480 | 1,527 | 1,632 | 1,735 | 1,803 | 1,850 |
| Operating income | 688 | 773 | 888 | 1,077 | 1,235 | 1,439 | 1,473 | 651 | 1,821 | 1,868 | 1,998 | 2,388 | 2,844 | 1,883 | 2,137 | 2,875 | 3,351 | 3,644 |
| Net interest income | −33 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 646 | 714 | 840 | 1,024 | 1,169 | 1,461 | 1,380 | 558 | 1,787 | 1,672 | 1,810 | 2,229 | 2,755 | 1,760 | 1,935 | 2,699 | 3,130 | 3,696 |
| Income tax | 239 | 201 | 262 | 324 | 353 | 455 | 430 | 282 | 779 | 352 | 381 | 452 | 541 | 386 | 327 | 640 | 668 | 809 |
| Net income | 402 | 508 | 571 | 690 | 805 | 989 | 941 | 267 | 1,001 | 1,310 | 1,422 | 1,778 | 2,214 | 1,374 | 1,607 | 2,058 | 2,459 | 2,883 |
| Diluted EPS | $1.69 | $2.15 | $2.49 | $3.05 | $3.60 | $4.61 | $4.63 | $1.36 | $5.15 | $6.74 | $7.42 | $9.39 | $11.78 | $7.44 | $8.73 | $11.26 | $13.67 | $16.38 |
| Diluted shares (average) | 238m | 237m | 229m | 227m | 224m | 215m | 203m | 195m | 194m | 194m | 192m | 189m | 188m | 185m | 184m | 183m | 180m | 176m |
| EBITDA | 735 | 823 | 947 | 1,141 | 1,300 | 1,506 | 1,587 | 778 | 1,979 | 2,060 | 2,198 | 2,608 | 3,101 | 2,214 | 2,510 | 3,306 | 3,831 | 4,140 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,672 | 1,924 | 1,898 | 2,007 | 1,889 | 2,079 | 2,185 | 2,023 |
| Cost of revenue | 497 | 491 | 489 | 492 | 501 | 531 | 518 | 524 |
| Gross profit | 1,175 | 1,433 | 1,409 | 1,515 | 1,388 | 1,548 | 1,667 | 1,499 |
| Selling, general and administrative | 442 | 439 | 443 | 453 | 468 | 477 | 463 | 442 |
| Operating income | 561 | 846 | 818 | 917 | 770 | 922 | 1,046 | 906 |
| Income before tax | 525 | 804 | 772 | 867 | 687 | 870 | 1,171 | 968 |
| Income tax | 130 | 179 | 193 | 220 | 76 | 209 | 292 | 232 |
| Net income | 395 | 625 | 578 | 646 | 610 | 661 | 878 | 734 |
| Diluted EPS | $2.17 | $3.46 | $3.21 | $3.60 | $3.41 | $3.73 | $5.03 | $4.24 |
| EBITDA | 674 | 959 | 938 | 1,040 | 894 | 1,044 | 1,172 | 1,030 |
Compare with peers
- Nasdaq, Inc. income statement
- CME Group income statement
- Coinbase income statement
- Cboe Global Markets income statement
- Intercontinental Exchange income statement
Head to head: MCO vs NDAQCME vs MCOCOIN vs MCOICE vs MCO
More: Financial Exchanges & Data stocks compared, Financials sector, rankings of US companies