Moody's Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,718	7,088	5,916	5,468	6,218
Revenue Growth (YoY)	8.89%	19.81%	8.19%	-12.06%	15.77%
Cost of Revenue	1,973	1,945	1,687	1,613	1,637
Gross Profit	5,745	5,143	4,229	3,855	4,581
Selling, General & Admin	1,803	1,735	1,632	1,527	1,480
Depreciation & Amortization Expenses	480	431	373	331	257
Other Operating Expenses	111	102	87	114	-
Operating Income	3,351	2,875	2,137	1,883	2,844
Interest Expense	-213	-237	-251	-231	-171
Other Non-Operating Income (Expense)	-8	61	49	108	82
Total Non-Operating Income (Expense)	-221	-176	-202	-123	-89
Pretax Income	3,130	2,699	1,935	1,760	2,755
Provision for Income Taxes	668	640	327	386	541
Net Income	2,459	2,058	1,607	1,374	2,214
Minority Interest in Earnings	3	1	1	-	-
Net Income to Common	2,459	2,058	1,607	1,374	2,214
Net Income Growth	19.48%	28.07%	16.96%	-37.94%	24.52%
Shares Outstanding (Basic)	179	182	183	184	186
Shares Outstanding (Diluted)	180	183	184	185	188
Shares Change (YoY)	-1.53%	-0.71%	-0.38%	-1.70%	-0.74%
EPS (Basic)	13.73	11.32	8.77	7.47	11.88
EPS (Diluted)	13.67	11.26	8.73	7.44	11.78
EPS Growth	21.40%	28.98%	17.34%	-36.84%	25.45%
Free Cash Flow	2,575	2,521	1,880	1,191	1,866
Free Cash Flow Growth	2.14%	34.10%	57.85%	-36.17%	-8.66%
Free Cash Flow Per Share	14.31	13.80	10.22	6.45	9.93
Dividends Per Share	3.760	3.400	3.080	2.800	2.480
Dividend Growth	10.59%	10.39%	10.00%	12.90%	10.71%
Gross Margin	74.44%	72.56%	71.48%	70.50%	73.67%
Operating Margin	43.42%	40.56%	36.12%	34.44%	45.74%
Profit Margin	31.90%	29.05%	27.18%	25.13%	35.61%
FCF Margin	33.36%	35.57%	31.78%	21.78%	30.01%
EBITDA	3,831	3,306	2,510	2,214	3,101
EBITDA Margin	49.64%	46.64%	42.43%	40.49%	49.87%
EBIT	3,351	2,875	2,137	1,883	2,844
EBIT Margin	43.42%	40.56%	36.12%	34.44%	45.74%
Effective Tax Rate	21.34%	23.71%	16.90%	21.93%	19.64%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.