Moody's Corporation (MCO)

Moody's Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	6,896	5,916	5,468	6,218	5,371	4,829
Revenue Growth (YoY)	20.43%	8.19%	-12.06%	15.77%	11.22%	8.69%
Cost of Revenue	1,869	1,687	1,613	1,637	1,475	1,387
Gross Profit	5,027	4,229	3,855	4,581	3,896	3,442
Selling, General & Admin	1,713	1,623	1,520	1,487	1,235	1,171
Operating Expenses	2,128	1,996	1,851	1,744	1,455	1,371
Operating Income	2,899	2,233	2,004	2,837	2,441	2,071
Interest Expense	-347	-318	-216	-185	-163	-175
Interest & Investment Income	92	63	15	9	11	17
Earnings From Equity Investments	17	19	17	60	6	13
Currency Exchange Gain (Loss)	-8	-30	-10	-1	2	-18
Other Non Operating Income (Expenses)	28	41	8	35	-9	-21
EBT Excluding Unusual Items	2,681	2,008	1,818	2,755	2,288	1,887
Merger & Restructuring Charges	-49	-87	-114	-13	-50	-63
Gain (Loss) on Sale of Investments	22	14	-14	13	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-9	-14
Other Unusual Items	-30	-	70	-	-	-
Pretax Income	2,624	1,935	1,760	2,755	2,229	1,810
Income Tax Expense	620	327	386	541	452	381
Earnings From Continuing Operations	2,004	1,608	1,374	2,214	1,777	1,429
Minority Interest in Earnings	-1	-1	-	-	1	-7
Net Income	2,003	1,607	1,374	2,214	1,778	1,422
Net Income to Common	2,003	1,607	1,374	2,214	1,778	1,422
Net Income Growth	32.39%	16.96%	-37.94%	24.52%	25.04%	8.55%
Shares Outstanding (Basic)	182	183	184	186	188	189
Shares Outstanding (Diluted)	183	184	185	188	189	192
Shares Change (YoY)	-0.50%	-0.38%	-1.70%	-0.74%	-1.20%	-1.44%
EPS (Basic)	10.99	8.77	7.47	11.88	9.48	7.51
EPS (Diluted)	10.94	8.73	7.44	11.78	9.39	7.42
EPS Growth	33.08%	17.34%	-36.84%	25.45%	26.55%	10.09%
Free Cash Flow	2,325	1,880	1,191	1,866	2,043	1,606
Free Cash Flow Per Share	12.69	10.22	6.45	9.93	10.79	8.38
Dividend Per Share	3.320	3.080	2.800	2.480	2.240	2.000
Dividend Growth	10.30%	10.00%	12.90%	10.71%	12.00%	13.64%
Gross Margin	72.90%	71.48%	70.50%	73.67%	72.54%	71.28%
Operating Margin	42.04%	37.75%	36.65%	45.63%	45.45%	42.89%
Profit Margin	29.05%	27.16%	25.13%	35.61%	33.10%	29.45%
Free Cash Flow Margin	33.72%	31.78%	21.78%	30.01%	38.04%	33.26%
EBITDA	3,314	2,606	2,335	3,094	2,661	2,271
EBITDA Margin	48.06%	44.05%	42.70%	49.76%	49.54%	47.03%
D&A For EBITDA	415	373	331	257	220	200
EBIT	2,899	2,233	2,004	2,837	2,441	2,071
EBIT Margin	42.04%	37.74%	36.65%	45.63%	45.45%	42.89%
Effective Tax Rate	23.63%	16.90%	21.93%	19.64%	20.28%	21.05%

Source: S&P Capital IQ. Standard template. Financial Sources.