Saturday 31 October 2026 Export MCO’s income statement to Excel — free account

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.

Revenue: +15.1%
EPS: +56.5%
Free cash flow: +47.0%
Total debt: −0.30%

Quarter to June 2026, against a year earlier

493.91 5.08 +1.04%

Follow MCO

Alert me

Market cap: $84.3B
P/E: 31.2×
Fwd P/E: 30.3×
Dividend yield: 1.02%
F-score: 9/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Segments Filings

Moody's Corporation (MCO) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
MIS	4,119	53.37%
MA	3,599	46.63%
Gross margin		74.44%
Operating margin		43.42%
Pre-tax margin		40.55%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Recurring Revenue	4,840 62.71%	4,401 62.09%	4,079 68.95%	3,786 69.24%	3,408 54.81%	2,992 55.71%	2,727 56.47%	2,481 55.84%	2,085 49.60%	1,849 51.31%
Transaction Revenue	2,878 37.29%	2,687 37.91%	1,837 31.05%	1,682 30.76%	2,810 45.19%	2,379 44.29%	2,102 43.53%	1,962 44.16%	2,119 50.40%	1,755 48.69%
Revenue	7,718	7,088	5,916	5,468	6,218	5,371	4,829	4,443	4,204	3,604

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
MIS	4,119 53.37%	3,793 53.51%	2,860 48.34%	2,699 49.36%	3,977 63.96%	3,440 64.05%	3,009 62.31%	2,712 61.04%	2,886 68.65%	2,471 68.56%	2,428 69.67%	2,353 70.58%	2,150 72.34%	1,969 72.11%	1,635 71.68%	1,466 72.16%	1,278 71.09%
MA	3,599 46.63%	3,295 46.49%	3,056 51.66%	2,769 50.64%	2,413 38.81%	2,086 38.84%	1,963 40.65%	1,743 39.23%	1,430 34.02%	1,247 34.60%	1,163 33.39%	1,082 32.44%	913 30.72%	845 30.95%	722 31.67%	636 31.31%	590 32.83%
Intersegment Eliminations	—	—	—	—	—	—	—	—	—	—	(107) (3.06%)	(101) (3.03%)	(91) (3.06%)	(83) (3.05%)	(76) (3.35%)	(71) (3.47%)	(71) (3.93%)
Eliminations	—	—	—	—	(172) (2.77%)	(155) (2.89%)	(143) (2.96%)	—	(112) (2.66%)	(114) (3.15%)	—	—	—	—	—	—	—
Revenue	7,718	7,088	5,916	5,468	6,218	5,371	4,829	4,443	4,204	3,604	3,485	3,334	2,973	2,730	2,281	2,032	1,797

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
MIS	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
MA	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Intersegment Eliminations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2013	FY2012	FY2011	FY2010
United States	4,171 54.04%	3,836 54.12%	3,071 51.91%	2,865 52.40%	3,383 54.41%	2,955 55.02%	2,544 52.68%	2,330 52.44%	2,348 55.85%	2,106 58.42%	2,009 57.66%	1,627 54.72%	1,472 53.93%	1,177 51.61%	1,090 53.62%
EMEA	2,376 30.79%	2,174 30.67%	1,886 31.88%	1,708 31.24%	1,885 30.32%	1,545 28.77%	1,446 29.94%	1,377 30.99%	1,132 26.93%	—	—	—	—	—	—
Asia-Pacific	699 9.06%	629 8.87%	570 9.63%	539 9.86%	603 9.70%	571 10.63%	551 11.41%	493 11.10%	471 11.20%	—	—	—	—	—	—
Americas	472 6.12%	449 6.33%	389 6.58%	356 6.51%	347 5.58%	300 5.59%	288 5.96%	243 5.47%	253 6.02%	—	—	—	—	—	—
Non-U.S.	3,547	3,252	2,845	2,603	2,835	2,416	2,285	2,113	1,856	—	—	—	—	—	—
Revenue	7,718	7,088	5,916	5,468	6,218	5,371	4,829	4,443	4,204	3,604	3,485	2,973	2,730	2,281	2,032

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Data and Information	Q3 FY2026	$1.0B	—	—
Insurance	Q3 FY2026	$736.0M	$628.0M	+17.20%
KYC	Q3 FY2026	$489.0M	$407.0M	+20.15%
Research and Insights	Q3 FY2026	$1.0B	$970.0M	+7.53%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q1 FY2025	Q3 FY2024	Q1 FY2024
Data and Information	‡	‡	‡	‡	‡	‡	‡	‡
Insurance	‡	‡	‡	‡	‡	‡	‡	‡
KYC	‡	‡	‡	‡	‡	‡	‡	‡
Research and Insights	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.