Moody's Corporation income statement & cash flow
In the fiscal year ended Dec 31, 2025, Moody's Corporation reported net income of $2.46B on revenue of $7.72B. Operating cash flow was $2.90B and capital expenditures were $326.00M, leaving $2.58B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.60B | $4.20B | $4.44B | $4.83B | $5.37B | $6.22B | $5.47B | $5.92B | $7.09B | $7.72B |
| Operating income | $650.90M | $1.82B | $1.87B | $2.00B | $2.39B | $2.84B | $1.88B | $2.14B | $2.88B | $3.35B |
| Net income | $266.60M | $1.00B | $1.31B | $1.42B | $1.78B | $2.21B | $1.37B | $1.61B | $2.06B | $2.46B |
| Diluted EPS | $1.36 | $5.15 | $6.74 | $7.42 | $9.39 | $11.78 | $7.44 | $8.73 | $11.26 | $13.67 |
| Operating cash flow | $1.26B | $755.00M | $1.46B | $1.68B | $2.15B | $2.00B | $1.47B | $2.15B | $2.84B | $2.90B |
| Capital expenditures | $115.20M | $91.00M | $91.00M | $69.00M | $103.00M | $139.00M | $283.00M | $271.00M | $317.00M | $326.00M |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | 43.4% | 31.9% |
| Dec 2024 | — | 40.6% | 29.0% |
| Dec 2023 | — | 36.1% | 27.2% |
| Dec 2022 | — | 34.4% | 25.1% |
| Dec 2021 | — | 45.7% | 35.6% |
Source: SEC EDGAR XBRL company facts for CIK 1059556 (raw data). Most recent filing in this dataset: 10-Q filed Oct 21, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.