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MCO logoMoody's Corporation(MCO)Earnings, Financials & Key Ratios

MCO•NYSE•Banking & Credit
33.0× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryFinancial Data & ExchangesSub-IndustryIndexes, Benchmarks and Ratings
AboutMoody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities. This segment provides ratings in approximately 140 countries. Its ratings are disseminated through press releases to the public through electronic media, including the internet and real-time information systems used by securities traders and investors. This segment has rated approximately 5,000 non-financial corporates; 3,600 financial institutions; 16,000 public finance issuers; 145 sovereigns; 47 supranational institutions; 459 sub-sovereigns; and 1,000 infrastructure and project finance issuers, as well as 9,100 structured finance deals. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets; and offers subscription based research, data, and analytical products comprising credit ratings, credit research, quantitative credit scores and other analytical tools, economic research and forecasts, business intelligence and company information products, commercial real estate data and analytical tools, and on-line and classroom-based training services, as well as credentialing and certification services. It also offers offshore analytical and research services with learning solutions and certification programs; and software solutions, as well as related risk management services. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.Show more
  • Net Interest Income-$124M-21.6%
  • Total Revenue$7.72B+8.9%
  • Net Income$2.46B+19.5%
  • Return on Equity62%+8.5%
  • Net Interest Margin-0.78%-19.1%
  • Efficiency Ratio23.39%-4.5%
  • ROA15.69%+14.9%
  • Equity / Assets26.56%+10.5%
  • Book Value per Share23.37+14.6%

MCO Key Insights

Moody's Corporation (MCO) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 57.1%
  • ✓Strong Piotroski F-Score: 9/9
  • ✓Efficient operations: 23.4% efficiency ratio
  • ✓16 consecutive years of dividend growth
  • ✓Well capitalized: 26.6% equity/assets
  • ✓Diversified revenue: 99.2% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -0.8%
  • ✗Expensive at 19.3x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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MCO Price & Volume

Moody's Corporation (MCO) stock price & volume — 10-year historical chart

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MCO Growth Metrics

Moody's Corporation (MCO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.28%
5 Years7.52%
3 Years12.17%
TTM-

Profit CAGR

10 Years10.08%
5 Years6.7%
3 Years21.41%
TTM18.47%

EPS CAGR

10 Years11.43%
5 Years7.8%
3 Years22.48%
TTM20.38%

Return on Capital

10 Years27.69%
5 Years22.61%
3 Years23.69%
Last Year27.91%

MCO Recent Earnings

Moody's Corporation (MCO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
Apr 22, 2026
Metric
Actual
Est
EPS
$4.33+2.6%
$4.22
Rev
$2.1B+0.5%
$2.1B
Q1 2026
Feb 18, 2026
Metric
Actual
Est
EPS
$3.64+6.1%
$3.43
Rev
$1.9B+1.5%
$1.9B
Q4 2025
Oct 22, 2025
Metric
Actual
Est
EPS
$3.92+5.9%
$3.70
Rev
$2.0B+2.6%
$2.0B
Q3 2025
Jul 23, 2025
Metric
Actual
Est
EPS
$3.56+5.0%
$3.39
Rev
$1.9B+2.6%
$1.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$4.33vs $4.22+2.6%
$2.1Bvs $2.1B+0.5%
Q1 2026Feb 18, 2026
$3.64vs $3.43+6.1%
$1.9Bvs $1.9B+1.5%
Q4 2025Oct 22, 2025
$3.92vs $3.70+5.9%
$2.0Bvs $2.0B+2.6%
Q3 2025Jul 23, 2025
$3.56vs $3.39+5.0%
$1.9Bvs $1.8B+2.6%
Based on last 12 quarters of dataView full earnings history →

MCO Peer Comparison

Moody's Corporation (MCO) competitors in Indexes, Benchmarks and Ratings — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SPGI logoSPGIS&P Global Inc.Direct Competitor121.63B410.9228.037.94%30.37%12.92%0.39
FDS logoFDSFactSet Research Systems Inc.Direct Competitor8.2B221.2914.235.39%24.48%27.22%0.71
MSCI logoMSCIMSCI Inc.Direct Competitor42.31B581.1937.359.74%40.74%
ICE logoICEIntercontinental Exchange, Inc.Direct Competitor75.83B133.8823.207.46%26.14%11.57%0.70
VRSK logoVRSKVerisk Analytics, Inc.Product Competitor22.77B173.8026.786.63%29.34%437.95%16.26
TRI logoTRIThomson Reuters CorporationProduct Competitor34.3B78.5823.113%19.93%12.68%0.18
BLK logoBLKBlackRock, Inc.Supply Chain173.68B1050.0929.6518.67%22.93%9.86%0.24
GS logoGSThe Goldman Sachs Group, Inc.Supply Chain348.27B1096.5621.37-1.38%13.73%13.58%4.88

Compare MCO vs Peers

Moody's Corporation (MCO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SPGI

Most directly comparable listed peer for MCO.

Scale Benchmark

vs JPM

Larger-name benchmark to compare MCO against a more recognizable public peer.

Peer Set

Compare Top 5

vs SPGI, FDS, MSCI, ICE

MCO Income Statement

Moody's Corporation (MCO) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Net Interest Income
-199.9M-198.2M-213M-221M-234M-201M-144M-102M-124M-160M
NII Growth %
-41.37%0.85%-7.47%-3.76%-5.88%14.1%28.36%29.17%-21.57%-342.59%
Net Interest Margin %
-2.32%-2.08%-2.08%-1.78%-1.59%-1.4%-0.98%-0.66%-0.78%-1.09%
Interest Income
16M14.7M17M11M9M15M63M102M65M41M
Interest Expense
215.9M212.9M230M232M243M216M207M204M189M201M
Loan Loss Provision
1.12B1.17B1.36B1.46B1.65B1.73B1.85B2.18B2.27B2.19B
Non-Interest Income
4.19B4.43B4.81B5.36B6.21B5.45B5.85B6.99B7.65B7.83B
Non-Interest Income %
99.62%99.67%99.65%99.8%99.86%99.73%98.94%98.56%99.16%99.48%
Total Revenue
4.2B▲ 0%
4.44B▲ 5.7%
4.83B▲ 8.7%
5.37B▲ 11.2%
6.22B▲ 15.8%
5.47B▼ 12.1%
5.92B▲ 8.2%
7.09B▲ 19.8%
7.72B▲ 8.9%
7.87B▲ 0%
Revenue Growth %
16.64%5.68%8.7%11.22%15.77%-12.06%8.19%19.81%8.89%36.19%
Non-Interest Expense
1.03B1.13B1.17B1.23B1.48B1.53B1.63B1.74B1.8B2.01B
Efficiency Ratio
24.45%25.46%24.17%22.88%23.8%27.93%27.6%24.49%23.39%25.53%
Operating Income
1.84B▲ 0%
1.93B▲ 4.4%
2.08B▲ 7.8%
2.45B▲ 17.9%
2.84B▲ 16.2%
2B▼ 29.8%
2.22B▲ 11.2%
2.97B▲ 33.8%
3.46B▲ 16.3%
3.48B▲ 0%
Operating Margin %
43.85%43.33%42.97%45.56%45.74%36.52%37.54%41.92%44.77%44.16%
Operating Income Growth %
21.71%4.44%7.78%17.93%16.22%-29.78%11.22%33.77%16.29%-
Pretax Income
1.79B▲ 0%
1.67B▼ 6.5%
1.81B▲ 8.3%
2.23B▲ 23.1%
2.75B▲ 23.6%
1.76B▼ 36.1%
1.94B▲ 9.9%
2.7B▲ 39.5%
3.13B▲ 16.0%
3.2B▲ 0%
Pretax Margin %
42.5%37.61%37.48%41.5%44.31%32.19%32.71%38.08%40.55%40.59%
Income Tax
779.1M351.6M381M452M541M386M327M640M668M698M
Effective Tax Rate %
43.6%21.04%21.05%20.28%19.64%21.93%16.9%23.71%21.34%21.84%
Net Income
1B▲ 0%
1.31B▲ 30.9%
1.42B▲ 8.6%
1.78B▲ 25.0%
2.21B▲ 24.5%
1.37B▼ 37.9%
1.61B▲ 17.0%
2.06B▲ 28.1%
2.46B▲ 19.5%
2.5B▲ 0%
Net Margin %
23.8%29.48%29.45%33.1%35.61%25.13%27.16%29.03%31.86%31.69%
Net Income Growth %
275.32%30.88%8.58%25.04%24.52%-37.94%16.96%28.06%19.48%18.47%
Net Income (Continuing)
1.01B1.32B1.43B1.78B2.21B1.37B1.61B2.06B2.46B2.5B
EPS (Diluted)
5.15▲ 0%
6.74▲ 30.9%
7.42▲ 10.1%
9.39▲ 26.5%
11.78▲ 25.5%
7.44▼ 36.8%
8.73▲ 17.3%
11.26▲ 29.0%
13.67▲ 21.4%
14.07▲ 0%
EPS Growth %
278.68%30.87%10.09%26.55%25.45%-36.84%17.34%28.98%21.4%20.38%
EPS (Basic)
5.246.847.519.4811.887.478.7711.3213.73-
Diluted Shares Outstanding
194.2M194.4M191.6M189.3M187.9M184.7M184M182.7M179.9M177.3M

MCO Balance Sheet

Moody's Corporation (MCO) balance sheet — assets, liabilities & shareholders' equity

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash & Short Term Investments
1.18B1.82B1.93B2.7B1.9B1.86B2.19B2.97B2.45B8.51B
Cash & Due from Banks
1.07B1.69B1.83B2.6B1.81B1.77B2.13B2.41B2.38B1.47B
Short Term Investments
111.8M132.5M98M99M91M90M63M566M64M41M
Total Investments
245.3M269.5M321M376M703M736M703M1.2B64M41M
Investments Growth %
0.86%9.87%19.11%17.13%86.97%4.69%-4.48%70.98%-94.68%-281.38%
Long-Term Investments
133.5M137M223M277M612M646M640M636M0615M
Accounts Receivables
1.15B1.29B1.42B1.43B1.72B1.65B1.66B1.8B2.02B2.04B
Goodwill & Intangibles
5.38B5.35B5.22B6.38B8.47B8.05B8.01B7.88B8.23B8.14B
Goodwill
3.75B3.78B3.72B4.56B6B5.84B5.96B5.99B6.37B6.33B
Intangible Assets
1.63B1.57B1.5B1.82B2.47B2.21B2.05B1.89B1.87B1.8B
PP&E (Net)
325.1M320.4M748M671M785M848M880M872M1B1.01B
Other Assets
26.4M137.3M166M238M422M446M614M661M1.1B1.12B
Total Current Assets
2.58B3.39B3.68B4.51B4.01B4.09B4.22B5.16B5.19B4.21B
Total Non-Current Assets
6.01B6.14B6.59B7.9B10.67B10.26B10.4B10.35B10.64B10.52B
Total Assets
8.61B▲ 0%
9.53B▲ 10.7%
10.27B▲ 7.8%
12.41B▲ 20.9%
14.68B▲ 18.3%
14.35B▼ 2.3%
14.62B▲ 1.9%
15.51B▲ 6.0%
15.83B▲ 2.1%
14.73B▲ 0%
Asset Growth %
61.53%10.7%7.76%20.89%18.3%-2.25%1.9%6.04%2.1%0.6%
Return on Assets (ROA)
14.36%14.45%14.37%15.68%16.35%9.47%11.09%13.66%15.69%16.24%
Accounts Payable
21.8M30.1M38M39M47M52M23M53M01.15B
Total Debt
5.54B5.68B6.16B6.94B7.97B7.86B7.42B7.75B7.35B7.31B
Net Debt
4.47B3.99B4.32B4.35B6.16B6.09B5.29B5.34B4.97B5.84B
Long-Term Debt
5.11B5.23B5.58B6.42B7.41B7.39B7B6.73B7.26B6.64B
Short-Term Debt
429.4M449.9M89M94M105M106M108M697M95M670M
Other Liabilities
1.05B1.07B981M1.07B826M996M872M728M1.07B938M
Total Current Liabilities
2.07B2.1B1.91B2.22B2.5B2.38B2.5B3.6B2.98B3.64B
Total Non-Current Liabilities
6.65B6.77B7.52B8.42B9.27B9.29B8.65B8.18B8.64B7.95B
Total Liabilities
8.72B8.87B9.43B10.65B11.76B11.66B11.15B11.78B11.63B11.59B
Total Equity
-114.9M▲ 0%
656M▲ 670.9%
837M▲ 27.6%
1.76B▲ 110.6%
2.92B▲ 65.4%
2.69B▼ 7.8%
3.48B▲ 29.3%
3.73B▲ 7.2%
4.21B▲ 12.8%
3.14B▲ 0%
Equity Growth %
88.82%670.93%27.59%110.63%65.4%-7.78%29.27%7.22%12.83%-0.31%
Equity / Assets (Capital Ratio)
-1.34%6.89%8.15%14.21%19.86%18.74%23.77%24.04%26.56%21.33%
Return on Equity (ROE)
-484.05%190.49%136.77%94.64%49.03%52.13%57.14%62%64.11%
Book Value per Share
-0.593.374.379.3115.5214.5618.8920.4023.3717.73
Tangible BV per Share
-28.32-24.13-22.88-24.39-29.54-29.02-24.61-22.75-22.40-28.18
Common Stock
3.4M3M3M3M3M3M3M3M3M3M
Additional Paid-in Capital
528.6M601M642M735M885M1.05B1.23B1.45B00
Retained Earnings
7.47B8.59B9.66B11.01B12.76B13.62B14.66B16.07B17.85B0
Accumulated OCI
-172.2M-426M-439M-432M-410M-643M-567M-638M-500M0
Treasury Stock
-8.15B-8.31B-9.25B-9.75B-10.51B-11.51B-12.01B-13.32B-13.3B0
Preferred Stock
0000000000

MCO Cash Flow Statement

Moody's Corporation (MCO) cash flow — operating, investing & free cash flow history

MetricDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
754.6M1.46B1.68B2.15B2B1.47B2.15B2.84B2.9B3.08B
Operating CF Growth %
-38.46%93.63%14.64%28.12%-6.57%-26.48%45.93%31.94%2.22%36.19%
Net Income
1B1.31B1.42B1.78B2.21B1.37B1.61B2.06B2.46B2.5B
Depreciation & Amortization
158.3M191.9M200M220M257M331M373M431M480M489M
Deferred Taxes
88.3M-98.9M-38M-44M-218M48M-38M-62M-17M-12M
Other Non-Cash Items
-40.8M140.1M195M154M152M148M247M261M1M-399M
Working Capital Changes
-451.8M-81.6M-104M38M-400M-427M-38M150M-254M276M
Cash from Investing
-3.43B-406.4M24M-1.1B-2.62B-262M-247M-1.06B2M-313M
Purchase of Investments
-170.1M-193M-138M-181M-437M-320M-148M-655M-207M-195M
Sale/Maturity of Investments
238.5M160.6M174M104M147M218M175M137M690M205M
Net Investment Activity
68.4M-32.4M36M-77M-290M-102M27M-518M483M10M
Acquisitions
-3.52B-283.6M52M-920M-2.18B-97M-3M-221M-187M13M
Other Investing
113.2M05M0-11M220M0032M-245M
Cash from Financing
1.61B-411.5M-1.55B-328M-122M-1.21B-1.58B-1.45B-3.06B-3.48B
Dividends Paid
-290.4M-337.2M-378M-420M-463M-515M-564M-620M-701M-691M
Share Repurchases
-248.5M-264.8M-1.07B-607M-833M-1.07B-561M-1.38B-1.71B-1.56B
Stock Issued
55.6M46.9M45M51M38M26M50M73M49M-5M
Net Stock Activity
-192.9M-217.9M-1.02B-556M-795M-1.04B-511M-1.31B-1.66B-1.57B
Debt Issuance (Net)
1000K1000K-1000K1000K1000K1000K-1000K1000K-1000K0
Other Financing
-3.2M-4.4M-3M-1M-5M-1M-9M-7M-5M-1.22B
Net Change in Cash
-980M▲ 0%
613.5M▲ 162.6%
147M▼ 76.0%
765M▲ 420.4%
-786M▼ 202.7%
-42M▲ 94.7%
361M▲ 959.5%
278M▼ 23.0%
-24M▼ 108.6%
-670M▲ 0%
Exchange Rate Effect
85.3M-29.7M-1M47M-50M-46M41M-58M136M44M
Cash at Beginning
2.05B1.07B1.69B1.83B2.6B1.81B1.77B2.13B2.41B2.38B
Cash at End
1.07B1.69B1.83B2.6B1.81B1.77B2.13B2.41B2.38B1.47B
Interest Paid
0000000000
Income Taxes Paid
0000000000
Free Cash Flow
664M▲ 0%
1.37B▲ 106.4%
1.61B▲ 17.2%
2.04B▲ 27.2%
1.87B▼ 8.7%
1.19B▼ 36.2%
1.88B▲ 57.9%
2.52B▲ 34.1%
2.58B▲ 2.1%
2.99B▲ 0%
FCF Growth %
-40.23%106.43%17.17%27.21%-8.66%-36.17%57.85%34.1%2.14%19.87%

MCO Banking Ratios

Moody's Corporation (MCO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
-484.05%190.49%136.77%94.64%49.03%52.13%57.14%62%64.11%
Return on Assets (ROA)
14.36%14.45%14.37%15.68%16.35%9.47%11.09%13.66%15.69%16.24%
Net Interest Margin
-2.32%-2.08%-2.08%-1.78%-1.59%-1.4%-0.98%-0.66%-0.78%-1.09%
Efficiency Ratio
24.45%25.46%24.17%22.88%23.8%27.93%27.6%24.49%23.39%25.53%
Equity / Assets
-1.34%6.89%8.15%14.21%19.86%18.74%23.77%24.04%26.56%21.33%
Book Value / Share
-0.593.374.379.3115.5214.5618.8920.423.3717.73
NII Growth
-41.37%0.85%-7.47%-3.76%-5.88%14.1%28.36%29.17%-21.57%-39.13%
Dividend Payout
29.02%25.75%26.58%23.62%20.91%37.48%35.1%30.13%28.51%27.7%
Related:MCO Dividend History·MCO Revenue History·MCO Price History·MCO P/E History·MCO Financial Ratios·MCO Institutional Holders

MCO SEC Filings & Documents

Moody's Corporation (MCO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Apr 16, 2026·SEC

Material company update

Apr 15, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 14, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

FY 2025

Jul 24, 2025·SEC

MCO Frequently Asked Questions

Moody's Corporation (MCO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Moody's Corporation (MCO) grew revenue by 8.9% over the past year. This is steady growth.

Yes, Moody's Corporation (MCO) is profitable, generating $2.50B in net income for fiscal year 2025 (31.9% net margin).

Dividend & Returns

Yes, Moody's Corporation (MCO) pays a dividend with a yield of 0.86%. This makes it attractive for income-focused investors.

Moody's Corporation (MCO) has a return on equity (ROE) of 62.0%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Moody's Corporation (MCO) has a net interest margin (NIM) of -0.8%. NIM has been under pressure due to interest rate environment.

Moody's Corporation (MCO) has an efficiency ratio of 23.4%. This is excellent, indicating strong cost control.

What if you invested $1,000 in MCO back in 1998?

Total return calculator · dividends reinvested · 28+ years of data

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How much would $100/month in MCO be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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