Moody's Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021	Mar '21 Mar 31, 2021
Revenue	1,889	2,007	1,898	1,924	1,672	1,813	1,817	1,786	1,480	1,472	1,494	1,470	1,290	1,275	1,381	1,522	1,539	1,526	1,553	1,600
Revenue Growth (YoY)	12.98%	10.70%	4.46%	7.73%	12.97%	23.17%	21.62%	21.50%	14.73%	15.45%	8.18%	-3.42%	-16.18%	-16.45%	-11.07%	-4.88%	19.30%	12.54%	8.22%	24.03%
Cost of Revenue	502	492	489	491	497	512	469	467	421	412	426	428	410	393	393	417	485	394	365	393
Gross Profit	1,387	1,515	1,409	1,433	1,175	1,301	1,348	1,319	1,059	1,060	1,068	1,042	880	882	988	1,105	1,054	1,132	1,188	1,207
Selling, General & Admin	467	453	443	439	442	434	446	413	428	403	415	386	403	385	368	371	465	395	327	293
Depreciation & Amortization Expenses	124	123	120	113	113	108	110	100	97	95	93	88	89	83	81	78	77	61	60	59
Other Operating Expenses	26	22	28	35	59	21	17	5	36	27	10	14	82	1	31	-	-2	-	-	2
Total Operating Expenses	617	598	591	587	614	563	573	518	561	525	518	488	574	469	480	449	540	456	387	354
Operating Income	770	917	818	846	561	738	775	801	498	535	550	554	306	413	508	656	514	676	801	853
Interest Expense	-33	-58	-61	-61	-52	-60	-63	-62	-66	-66	-71	-48	-65	-58	-55	-53	-62	-53	-49	-7
Other Non-Operating Income (Expense)	-50	8	15	19	16	25	7	13	18	18	13	-	86	26	-10	6	64	-4	6	16
Total Non-Operating Income (Expense)	-83	-50	-46	-42	-36	-35	-56	-49	-48	-48	-58	-48	21	-32	-65	-47	2	-57	-43	9
Pretax Income	687	867	772	804	525	703	719	752	450	487	492	506	327	381	443	609	516	619	758	862
Provision for Income Taxes	76	220	193	179	130	169	166	175	110	97	115	5	81	78	116	111	89	145	181	126
Net Income	610	646	578	625	395	534	552	577	340	389	377	501	246	303	327	498	427	474	577	736
Minority Interest in Earnings	1	1	1	-	-	-	1	-	-	1	-	-	-	-	-	-	-	-	-	-
Net Income to Common	610	646	578	625	395	534	552	577	340	389	377	501	246	303	327	498	427	474	577	736
Net Income Growth	54.43%	20.97%	4.71%	8.32%	16.18%	37.28%	46.42%	15.17%	38.21%	28.38%	15.29%	0.60%	-42.39%	-36.08%	-43.33%	-32.34%	35.99%	1.50%	13.36%	50.82%
Shares Outstanding (Basic)	178	179	180	180	181	182	182	183	183	183	184	183	183	183	184	185	186	186	187	187
Shares Outstanding (Diluted)	179	180	180	181	182	183	183	183	184	184	184	184	184	184	185	186	187	187	188	189
Shares Change (YoY)	-1.65%	-1.59%	-1.53%	-1.47%	-1.03%	-0.81%	-0.60%	-0.38%	-0.16%	0.05%	-0.43%	-1.07%	-1.87%	-1.81%	-1.60%	-1.33%	-0.95%	-1.06%	-0.58%	-0.53%
EPS (Basic)	3.43	3.61	3.22	3.47	2.18	2.94	3.03	3.16	1.86	2.12	2.05	2.73	1.34	1.65	1.78	2.68	2.30	2.56	3.09	3.93
EPS (Diluted)	3.41	3.60	3.21	3.46	2.17	2.93	3.02	3.15	1.85	2.11	2.05	2.72	1.34	1.65	1.77	2.68	2.28	2.53	3.07	3.90
EPS Growth	57.14%	22.87%	6.29%	9.84%	17.30%	38.86%	47.32%	15.81%	38.06%	27.88%	15.82%	1.49%	-41.23%	-34.78%	-42.34%	-31.28%	37.35%	2.43%	14.13%	51.75%
Free Cash Flow	777	658	468	672	600	631	593	697	404	391	550	535	298	265	217	411	237	403	564	662
Free Cash Flow Growth	29.50%	4.28%	-21.08%	-3.59%	48.52%	61.38%	7.82%	30.28%	35.57%	47.55%	153.46%	30.17%	25.74%	-34.24%	-61.52%	-37.91%	-62.85%	-17.76%	-4.57%	104.32%
Free Cash Flow Per Share	4.35	3.66	2.60	3.72	3.30	3.46	3.24	3.80	2.20	2.13	2.99	2.91	1.62	1.44	1.17	2.21	1.26	2.15	3.00	3.51
Dividends Per Share	0.940	0.940	0.940	0.940	0.850	0.850	0.850	0.850	0.770	0.770	0.770	0.770	0.700	0.700	0.700	0.700	0.620	0.620	0.620	0.620
Dividend Growth	10.59%	10.59%	10.59%	10.59%	10.39%	10.39%	10.39%	10.39%	10.00%	10.00%	10.00%	10.00%	12.90%	12.90%	12.90%	12.90%	10.71%	10.71%	10.71%	10.71%
Gross Margin	73.43%	75.49%	74.24%	74.48%	70.28%	71.76%	74.19%	73.85%	71.55%	72.01%	71.49%	70.88%	68.22%	69.18%	71.54%	72.60%	68.49%	74.18%	76.50%	75.44%
Operating Margin	40.76%	45.69%	43.10%	43.97%	33.55%	40.71%	42.65%	44.85%	33.65%	36.35%	36.81%	37.69%	23.72%	32.39%	36.78%	43.10%	33.40%	44.30%	51.58%	53.31%
Profit Margin	32.35%	32.24%	30.51%	32.48%	23.62%	29.45%	30.43%	32.31%	22.97%	26.49%	25.23%	34.08%	19.07%	23.76%	23.68%	32.72%	27.75%	31.06%	37.15%	46.00%
FCF Margin	41.13%	32.79%	24.66%	34.93%	35.89%	34.80%	32.64%	39.03%	27.30%	26.56%	36.81%	36.39%	23.10%	20.78%	15.71%	27.00%	15.40%	26.41%	36.32%	41.38%
EBITDA	894	1,040	938	959	674	846	885	901	595	630	643	642	395	496	589	734	591	737	861	912
EBITDA Margin	47.33%	51.82%	49.42%	49.84%	40.31%	46.66%	48.71%	50.45%	40.20%	42.80%	43.04%	43.67%	30.62%	38.90%	42.65%	48.23%	38.40%	48.30%	55.44%	57.00%
EBIT	770	917	818	846	561	738	775	801	498	535	550	554	306	413	508	656	514	676	801	853
EBIT Margin	40.76%	45.69%	43.10%	43.97%	33.55%	40.71%	42.65%	44.85%	33.65%	36.35%	36.81%	37.69%	23.72%	32.39%	36.78%	43.10%	33.40%	44.30%	51.58%	53.31%
Effective Tax Rate	11.06%	25.37%	25.00%	22.26%	24.76%	24.04%	23.09%	23.27%	24.44%	19.92%	23.37%	0.99%	24.77%	20.47%	26.19%	18.23%	17.25%	23.42%	23.88%	14.62%

Updated Feb 18, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q