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Moody's Corporation (MCO)
NYSE: MCO · Real-Time Price · USD
485.07
+1.38 (0.29%)
At close: Oct 16, 2026, 4:00 PM EDT
471.48
-13.59 (-2.80%)
After-hours: Oct 16, 2026, 4:42 PM EDT

Moody's Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Net Income
878661610646578625395534552577340389377501246303327498427474
Depreciation & Amortization
126122-87123120113-67108110100-24959388898381787761
Other Amortization
--211---180---121---------
Loss (Gain) From Sale of Assets
-181--23-----------------
Asset Writedown & Restructuring Costs
1111431715--2312--29-----
Loss (Gain) From Sale of Investments
--------7---4---------
Stock-Based Compensation
5958585761565457565350465047394638464841
Provision & Write-off of Bad Debts
3415151464766325-----
Other Operating Activities
-5023-5624-18-71-16125-28-3021--80-75530-126-138
Change in Accounts Receivable
127-47-266-31110-16-14421133-197-124-166-54-11460180-117-120-108
Change in Accounts Payable
-18-17526224-49-29218012728-1101372592-178197-8220-29690165
Change in Unearned Revenue
-233253278-156-235261205-171-18830859-132-19929640-112-198290140-124
Change in Income Taxes
67-747466-66-156-1-11983-26-18-105-4
Change in Other Net Operating Assets
6132-5743-51-22-8231-189-6545-124-10242-186-41-9669
Operating Cash Flow
779939858743543757674703686775477462604608377336291470299436
Operating Cash Flow Growth (YoY)
43.46%24.04%27.30%5.69%-20.84%-2.32%41.30%52.16%13.58%27.47%26.52%37.50%107.56%29.36%26.09%-22.94%-51.01%-30.47%-54.56%-14.68%

Investing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Capital Expenditures
-91-95-81-85-75-85-74-72-93-78-73-71-54-73-79-71-74-59-62-33
Cash Acquisitions
--23--4--223-111-98--12---3---5-9-83-153-1,888
Divestitures
200-40-----------------
Investment in Securities
327-135-515004-514-2-619-191710-11-8-64-19-255-11
Other Investing Activities
-----32---------84136-1222
Investing Cash Flow
112-91-42-54-126224-181-684-95-96-54-90-40-63-90--11-161-458-1,910

Financing Activities

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Long-Term Debt Issued
-----------------491--
Total Debt Issued
-------496-------497-4914941,178
Long-Term Debt Repaid
------700--------------
Total Debt Repaid
------700------300-200--126-500---500-
Net Debt Issued (Repaid)
------700-496----300-200--126-3-491-61,178
Issuance of Common Stock
1113512923131525201092011558887
Repurchase of Common Stock
-738-1,547-444-517-319-426-486-431-293-173-216-173-86-86-2-114-336-618-123-128
Common Dividends Paid
-180-185-167-168-171-195-155-156-154-155-140-141-142-141-128-128-130-129-116-115
Other Financing Activities
-3--3-1-1--6-5-1--7-2----598-104-20-15
Financing Cash Flow
-910-1,719-609-674-482-1,298-634-81-423-308-353-607-408-216-251-245-360-352-257927

Net Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Foreign Exchange Rate Adjustments
17-44-4-810048-9369-9-2554-3732177-52-53-18-12-23
Net Cash Flow
-2-915203735-269-2347159346124-27215935011339-133-61-428-570

Free Cash Flow

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Free Cash Flow
688844777658468672600631593697404391550535298265217411237403
Free Cash Flow Growth (YoY)
47.01%25.60%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%
Free Cash Flow Margin
31.49%40.60%41.13%32.78%24.66%34.93%35.88%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%
Free Cash Flow Per Share
3.944.764.353.662.603.723.303.463.243.802.202.132.992.911.621.441.172.211.262.15
Levered Free Cash Flow
659.13756654.5510.5344.13548.13664538432.25603.25379.5372.13443.88495.13312228.13210389.5349.63622.75
Unlevered Free Cash Flow
696.63800.38689.5551.13386596.88710.25589.25481.63652447421.5493.25538.88345.13265243.13368.25375.25655.25

Additional Metrics

Fiscal Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Period Ending
Jun '26 Mar '26 Dec '25 Sep '25 Jun '25 Mar '25 Dec '24 Sep '24 Jun '24 Mar '24 Dec '23 Sep '23 Jun '23 Mar '23 Dec '22 Sep '22 Jun '22 Mar '22 Dec '21 Sep '21
Cash Interest Paid
297843564591468351100518747963177127823139
Cash Income Tax Paid
31311518117035911522211518987131915666946825670431501
Change in Working Capital
-5770143-113-221-631658-3916-8-5657-3129-89-210-182-91-2
SEC Filings: 10-K · 10-Q