Saturday 17 October 2026
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Moody's Corporation
MCO Financial Financial Data & Stock Exchanges
Moody's Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, up 8.89% from fiscal 2024. In the quarter to June 2026, revenue grew 15.1%, EPS grew 56.5%, free cash flow grew 47.0% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.
483.65
0.04
−0.01%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 77.76 | 93.51 | 129.26 | 135.92 | 164.19 | 261.38 | 230.16 | 274.81 | 360.05 | 378.71 |
Analyst estimates 2026–2028 Powerpack |
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| High | 110.83 | 153.86 | 187.98 | 240.31 | 305.96 | 407.94 | 392.53 | 396.91 | 503.95 | 531.93 | |||||
| People | |||||||||||||||
| People | Employees | 10,600 | 12,000 | 13,000 | 11,000 | 11,490 | 13,460 | 14,426 | 15,151 | 15,838 | 16,076 | ||||
| Revenue/emp, $m | 0.34 | 0.35 | 0.34 | 0.44 | 0.47 | 0.46 | 0.38 | 0.39 | 0.45 | 0.48 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 3,604 | 4,204 | 4,443 | 4,829 | 5,371 | 6,218 | 5,468 | 5,916 | 7,088 | 7,718 | ||||
| Gross margin, % | 71.71 | 71.08 | 71.96 | 71.28 | 72.54 | 73.67 | 70.50 | 71.48 | 72.56 | 74.44 | |||||
| EBT | 558 | 1,787 | 1,672 | 1,810 | 2,229 | 2,755 | 1,760 | 1,935 | 2,699 | 3,130 | |||||
| EBT margin, % | 15.48 | 42.51 | 37.63 | 37.48 | 41.50 | 44.31 | 32.19 | 32.71 | 38.08 | 40.55 | |||||
| Net income | 276 | 1,008 | 1,320 | 1,429 | 1,777 | 2,214 | 1,374 | 1,608 | 2,059 | 2,462 | |||||
| Depreciation | 127 | 158 | 192 | 200 | 220 | 257 | 331 | 373 | 431 | 480 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 18.70 | 22.00 | 23.19 | 25.51 | 28.63 | 33.36 | 29.73 | 32.29 | 38.99 | 43.09 | ||||
| Earnings | 1.38 | 5.24 | 6.84 | 7.51 | 9.48 | 11.88 | 7.47 | 8.77 | 11.32 | 13.73 | |||||
| Cash flow | 6.53 | 3.95 | 7.63 | 8.85 | 11.44 | 10.76 | 8.02 | 11.74 | 15.61 | 16.20 | |||||
| Capex | (0.60) | (0.48) | (0.47) | (0.36) | (0.55) | (0.75) | (1.54) | (1.48) | (1.74) | (1.82) | |||||
| Free cash flow | 5.94 | 3.47 | 7.15 | 8.48 | 10.89 | 10.01 | 6.48 | 10.26 | 13.87 | 14.38 | |||||
| Book value | (5.33) | (0.60) | 3.42 | 4.39 | 9.40 | 15.64 | 14.62 | 18.97 | 20.50 | 23.48 | |||||
| Shares, m | 193 | 191 | 192 | 189 | 188 | 186 | 184 | 183 | 182 | 179 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 70.72 | 27.94 | 20.47 | 31.57 | 30.65 | 32.90 | 37.06 | 43.59 | 41.85 | 37.21 | ||||
| P/S | 5.10 | 6.64 | 6.04 | 9.31 | 10.14 | 11.71 | 9.30 | 11.82 | 12.14 | 11.85 | |||||
| P/B | 0.00 | 0.00 | 40.90 | 54.08 | 30.88 | 24.97 | 18.91 | 20.12 | 23.09 | 21.76 | |||||
| EV/Sales | 5.42 | 7.65 | 6.91 | 10.08 | 10.85 | 12.61 | 10.33 | 12.65 | 12.77 | 12.53 | |||||
| EV/FCF | 17.08 | 48.42 | 22.40 | 30.31 | 28.52 | 42.03 | 47.42 | 39.82 | 35.90 | 37.57 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 1,259 | 755 | 1,461 | 1,675 | 2,146 | 2,005 | 1,474 | 2,151 | 2,838 | 2,901 | ||||
| Capex | (115) | (91) | (91) | (69) | (103) | (139) | (283) | (271) | (317) | (326) | |||||
| Free cash flow | 1,144 | 664 | 1,370 | 1,606 | 2,043 | 1,866 | 1,191 | 1,880 | 2,521 | 2,575 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 825 | 517 | 1,288 | 1,767 | 2,287 | 1,515 | 1,719 | 1,841 | 1,693 | 2,205 | ||||
| Total debt | 3,363 | 5,411 | 5,676 | 5,670 | 6,516 | 7,518 | 7,495 | 7,001 | 7,428 | 6,994 | |||||
| Net debt | 1,138 | 4,227 | 3,858 | 3,740 | 3,820 | 5,616 | 5,636 | 4,808 | 4,454 | 4,546 | |||||
| Shareholders’ equity | (1,027) | (115) | 656 | 831 | 1,763 | 2,916 | 2,689 | 3,476 | 3,727 | 4,205 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 5.11 | 14.38 | 14.46 | 14.37 | 15.68 | 16.35 | 9.47 | 11.09 | 13.66 | 15.69 | ||||
| ROIC | 367.16 | 27.68 | 25.86 | 27.32 | 26.73 | 20.83 | 14.14 | 16.12 | 21.96 | 23.93 | |||||
| ROE | (39.20) | (175.28) | 484.20 | 191.26 | 137.09 | 94.64 | 49.03 | 52.13 | 57.14 | 62.00 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Moody's Corporation vs peers in Financial Data & Stock Exchanges (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SPGI S&P Global Inc. | $125.2B | 26.2× | 25.0× | +10.41% (above 0%: growing) | +16.57% (above 0%: growing) | +1.23% (above 0%: growing) | 71.90% | 43.70% | Compare |
| CME CME Group Inc. | $104.1B | 24.7× | 21.7× | +0.84% (above 0%: growing) | +2.85% (above 0%: growing) | −11.21% (below 0%: shrinking) | 100.00% | 64.89% | Compare |
| ICE Intercontinental Exchange Inc. | $88.9B | 22.7× | 19.9× | +4.84% (above 0%: growing) | +14.09% (above 0%: growing) | +29.65% (above 0%: growing) | 98.61% | 52.18% | Compare |
| MCO Moody's Corporation | $83.8B | 30.6× | 28.7× | +15.12% (above 0%: growing) | +56.52% (above 0%: growing) | +47.01% (above 0%: growing) | 76.29% | 47.87% | |
| NDAQ Nasdaq, Inc. | $52.3B | 27.0× | 26.1× | +20.51% (above 0%: growing) | +13.92% (above 0%: growing) | −7.71% (below 0%: shrinking) | 59.24% | 28.12% | Compare |
| COIN Coinbase Global, Inc. | $48.5B | — (loss-making) | 359× | −18.51% (below 0%: shrinking) | n/m | +128.50% (above 0%: growing) | 84.44% | (9.30%) | Compare |
| MSCI MSCI Inc | $41.8B | 31.1× | 30.8× | +12.20% (above 0%: growing) | +19.90% (above 0%: growing) | +8.19% (above 0%: growing) | 82.71% | 56.23% | Compare |
| CBOE Cboe Global Markets, Inc. | $32.2B | 24.5× | — | +22.95% (above 0%: growing) | +50.67% (above 0%: growing) | −270.85% (below 0%: shrinking) | 50.71% | 32.99% | Compare |
| TRU TransUnion | $14.2B | 19.3× | 17.1× | +14.91% (above 0%: growing) | +33.93% (above 0%: growing) | +42.65% (above 0%: growing) | 58.41% | 19.70% | Compare |
| Median of peers | $50.4B | 24.7× | 25.0× | +11.31% | +16.57% | +4.71% | 77.31% | 38.35% |
MCO metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
Moody's Corporation (MCO) key facts
- Strength: Moody's Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, up 8.89% from fiscal 2024.
- Strength: Net income was $2.5 billion, or $13.73 per share (basic), a net margin of 31.9%.
- Moody's Corporation (MCO) is a Financial Data & Stock Exchanges company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, MCO traded at $483.65, a market capitalization of $83.8 billion.
- At that price the stock trades at 30.6× trailing-twelve-month earnings and 10.3× sales; its P/E is higher than 34% of its own readings over the past ten years.
- Moody's Corporation pays an annual dividend of $4.03 per share, a yield of 0.83%, with a payout ratio of 25.6%.
- Return on equity was 62.0% and debt-to-equity 2.19.
- Its Piotroski F-score is 9 out of 9 for fiscal 2025.