— Know what they know.
/
Not Investment Advice

MCO

NYSE · USD
Moody's Corporation
Financial Services · Financial - Data & Stock Exchanges
CEO Robert Scott Fauber Employees 16,076 R&D / revenue 0.0%
Last price
$485.07+0.29%last session
Market cap
$84.0B
P/E (TTM)
30.7x
From 52w high
−11.3%
From 52w low
+20.6%
1-year return
+3.7%
RSI 14 · vs SMA200
60.8 · +3.5%
IS score
79.1/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MCO   SPY   XLF (sector ETF) · weekly closes
90100110Jan 26Apr 26Jul 26Oct 26SPY 116XLF 107MCO 104

Score DNA

Each bar is a 0-100 score within the scored universe
99
Profitability
74
Growth
43
Value
90
Momentum
100
Risk (safety)
75
Quality
46
Balance sheet
68
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
None of the computed warning flags fires for MCO (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 7 / 9Beta 1.331 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
9 open-market sales, $3.3M
Form 144 notices (12m): 26, $13.7M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+29
154 new holders, 114 closed
1,419 filers hold 90.9% · 502 added, 530 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+129
1,191 funds adding shares
1,062 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
68.9%
20-day avg 61.5%, 50-day avg 64.5%
Latest 7.4 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$7.7B
Revenue growth YoY+8.9%
Gross margin68.2%
Operating income$3.5B
Operating margin44.8%
Net income$2.5B
Net margin31.9%
EPS (diluted)$13.67
Cash flow
Operating cash flow$2.9B
Capital expenditure$326.0M
Free cash flow$2.6B
FCF conversion (FCF / OCF)88.8%
Stock-based compensation$232.0M
FCF less SBC$2.3B
Buybacks$1.7B
Dividends$701.0M
Balance sheet & returns
Cash & short-term investments$2.4B
Total debt$7.4B
Net debt$4.9B
Shareholders' equity$4.2B
Goodwill & intangibles$8.2B
Debt / equity2.49
ROE (TTM)79.7%
ROIC (TTM)23.9%
Operating margin by fiscal year
45.7%FY202136.5%FY202237.6%FY202341.9%FY202444.5%FY2025
Revenue $6.2B (FY2021) to $7.7B (FY2025), a 5.6% CAGR.

Valuation

P/E (TTM)30.7x
EV / EBITDA22.5x
Price / sales10.30x
Price / FCF24.7x
FCF yield4.04%
Buyback yield2.03%
SBC / revenue3.6%
Price / book28.14x
Forward P/E FY202628.7x
Forward P/E FY202725.6x
Forward P/E FY202822.8x
Forward multiples divide today's price by Street EPS estimates. Street mean target $535.14 across 7 analysts last quarter is theirs, not ours.

MCO vs industry median

33 companies in Financial - Data & Stock Exchanges
Gross margin 71.9% 71.8% Operating margin 45.1% 38.3% Net margin 34.3% 26.4% ROIC 23.9% 13.4%
MCO (TTM)Industry median Asset turnover 0.56 vs industry 0.26 · financial leverage 4.85

Earnings delivery

Next report 2026-10-21 · consensus EPS $4.26
92%
beat rate, 11 of 12 quarters
+7.2%
median EPS surprise
10
longest beat streak
+6-6+11+9+12+15+8+5+6+6+3+10
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-25 to 2026-07-22. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MCO Moody's Corporation $84.0B30.7x79.7%34.3%+8.9% +3.7%
ICE Intercontinental Exchange, I $90.7B22.7x13.9%35.9%−0.6% +5.7%
CME CME Group Inc. $105.7B24.8x15.7%61.1%+5.1% +12.5%
SPGI S&P Global Inc. $126.7B26.1x15.1%29.4%+9.7% −8.8%
NDAQ Nasdaq, Inc. $52.5B27.1x16.5%20.0%+7.3% +7.2%
COIN Coinbase Global, Inc. $45.7Bn/m-7.8%-29.5%−21.0% —
MSCI MSCI Inc. $41.4B31.3x-76.0%39.4%+11.6% —
TRU TransUnion $14.2B19.3x18.1%19.3%+12.4% —
12-month window: SPY +15.9%, sector ETF XLF +7.2%. Past returns describe history only.

Recent 8-K filings

2026-10-15Officer/Director Change
2026-08-12Officer/Director Change; Regulation FD; Exhibits
2026-07-22Earnings Release; Regulation FD; Exhibits
2026-04-22Earnings Release; Regulation FD; Exhibits
2026-04-16Shareholder Vote
2026-04-15Regulation FD; Exhibits

Context

Shares outstanding173,200,000
Free float91.5%
Institutional ownership90.9%
Beta1.33
Dividend yield0.83%
Last dividend$1.03 on 2026-08-14
50 / 200-day average$477.32 / $469.15
Large-cap Financial Services median P/E14.0x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MCO sits among 11 scored companies in Financial - Data & Stock Exchanges (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMCOIndustry medianIndustry percentileSector median
P/E (TTM) 30.1x 23.6x
89th		 11.9x
PEG (P/E ÷ 3-yr EPS CAGR) 1.11 1.40
44th		 1.04
Price / sales 10.3x 7.9x
70th		 2.5x
Price / book 27.8x 4.0x
100th		 1.3x
Price / tangible book —
Price / free cash flow 24.7x 22.7x
70th		 11.8x
Price / operating cash flow 25.3x 22.1x
90th		 11.7x
Enterprise value $90.0B $47.6B
70th		 $3.4B
EV / sales 11.0x 8.6x
80th		 6.0x
EV / EBITDA 22.5x 17.6x
78th		 13.0x
EV / EBIT 25.7x 20.9x
78th		 15.5x
EV / free cash flow 26.5x 24.1x
80th		 15.9x
Earnings yield 3.3% 4.0%
20th		 7.9%
FCF yield 4.0% 4.4%
30th		 6.3%
Operating cash flow yield 4.0% 4.5%
10th		 7.8%
Graham number (per share) $78.41 $81.79
38th		 $50.71

Profitability (TTM)

MeasureMCOIndustry medianIndustry percentileSector median
Gross margin 71.9% 70.9%
60th		 71.9%
EBITDA margin 49.0% 37.4%
60th		 37.9%
Operating margin 45.1% 31.6%
70th		 23.3%
EBIT margin 43.0% 29.2%
70th		 23.3%
Net margin 34.3% 30.5%
70th		 18.7%
NOPAT margin 35.1% 25.5%
70th		 18.7%
FCF margin 41.6% 38.8%
60th		 23.3%
Operating cash flow margin 40.7% 40.7%
50th		 26.7%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 22.8% 22.3%
60th		 20.1%
Stock comp / revenue 3.6% 2.2%
80th		 0.7%
Effective tax rate 22.2% 22.2%
50th		 21.0%

Returns on capital

MeasureMCOIndustry medianIndustry percentileSector median
ROE (on average equity) 80.2% 17.3%
100th		 11.9%
ROA 18.5% 8.0%
90th		 1.4%
ROIC 31.6% 12.2%
90th		 7.8%
ROCE 30.9% 13.1%
90th		 5.8%
Return on tangible assets 23.2% 10.5%
90th		 2.0%
Cash ROIC (OCF / invested capital) 36.7% 24.9%
80th		 11.4%
Gross profitability (GP / assets) 40.0% 18.9%
80th		 10.3%
ROIC, 3-yr average 21.5% 15.3%
70th		 7.1%
ROIC, 5-yr average 22.7% 12.8%
78th		 7.3%
ROE, 5-yr average 63.2% 13.8%
100th		 10.7%
Incremental ROIC -176.1% -41.1%
20th		 8.4%

Growth

MeasureMCOIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 11.7% 7.3%
90th		 7.1%
Revenue growth (QoQ) 5.1% 1.9%
80th		 2.8%
Revenue CAGR, 3 yr 13.9% 10.0%
90th		 10.8%
Revenue CAGR, 5 yr 7.1% 9.2%
10th		 11.3%
Gross profit CAGR, 3 yr 18.6% 12.9%
70th		 18.0%
Operating income CAGR, 3 yr 24.0% 17.1%
78th		 8.8%
Net income growth (TTM YoY) 31.1% 18.9%
78th		 24.7%
Net income CAGR, 3 yr 25.1% 23.2%
56th		 9.4%
EPS growth (TTM YoY) 34.5% 24.6%
78th		 25.1%
EPS CAGR, 3 yr 27.0% 22.2%
56th		 7.3%
EPS CAGR, 5 yr 7.4% 9.6%
11th		 4.2%
FCF growth (TTM YoY) 43.3% 10.8%
80th		 15.9%
FCF CAGR, 3 yr 27.3% 13.0%
90th		 8.5%
Operating cash flow CAGR, 3 yr 19.9% 10.9%
80th		 8.4%
Book value CAGR, 3 yr 0.2% 5.4%
33rd		 8.9%
Dividend CAGR, 3 yr 2.7% 2.8%
38th		 1.9%
Sustainable growth rate 60.1% 11.6%
100th		 8.3%

Margin history & stability

MeasureMCOIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 68.4% 63.7%
60th		 63.4%
Operating margin, 3-yr average 42.9% 30.8%
80th		 21.4%
Net margin, 3-yr average 30.6% 25.9%
70th		 16.5%
FCF margin, 3-yr average 35.3% 34.9%
60th		 28.2%
Revenue stability (0-1) 0.78 0.97
10th		 0.86
Earnings stability (0-1) 0.35 0.42
30th		 0.37
Margin stability (0-1) 0.95 0.95
50th		 0.81

Liquidity (latest quarter)

MeasureMCOIndustry medianIndustry percentileSector median
Cash & short-term investments $1.5B $1.5B
50th		 $145.5M
Net cash (− = net debt) −$6.0B −$4.8B
40th		 −$676.0M
Working capital $637.0M $68.3M
60th		 $86.3M
Current ratio 1.19 1.02
70th		 1.19
Quick ratio 1.19 1.02
70th		 1.19
Cash ratio (cash + ST investments / current liabilities) 0.45 0.45
40th		 0.55
Defensive interval (days) 569 days 569 days
50th		 417 days

Leverage & solvency (latest quarter)

MeasureMCOIndustry medianIndustry percentileSector median
Total debt $7.5B $6.5B
70th		 $1.2B
Debt / equity 2.49 0.73
100th		 0.81
Net debt / equity 1.99 0.58
100th		 0.66
Debt / assets 51.3% 33.8%
90th		 33.5%
Debt / capital 71.3% 42.3%
100th		 44.6%
Debt / EBITDA 1.88 2.13
33rd		 3.20
Net debt / EBITDA 1.51 1.60
44th		 2.19
Interest coverage (EBIT / interest) 15.9x 9.2x
78th		 2.9x
Cash interest coverage 15.0x 11.1x
67th		 3.7x
Debt payback (years of OCF) 2.3 yrs 2.7 yrs
30th		 3.7 yrs
Liabilities / assets 78.4% 59.0%
70th		 86.2%
IS credit model rating A+ — —
Implied credit spread (bps) 125 150
20th		 175

Efficiency

MeasureMCOIndustry medianIndustry percentileSector median
Asset turnover 0.54 0.30
70th		 0.15
Fixed asset turnover 6.49 13.70
20th		 11.68
Inventory turnover —
Receivables turnover 4.4 7.1
10th		 8.2
Days sales outstanding 83 days 51 days
90th		 43 days
Days inventory outstanding —
Days payables outstanding 91 days 34 days
90th		 39 days
Cash conversion cycle (days) −8 days 14 days
11th		 0 days
Capex / revenue —
Capex / depreciation —
Operating expense ratio 28.4% 26.5%
70th		 38.9%

Cash flow & earnings quality

MeasureMCOIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.19 1.19
44th		 1.28
FCF / net income 1.22 1.15
89th		 1.15
FCF / operating cash flow —
Capex / operating cash flow —
Accruals ratio -3.5% -2.2%
40th		 -2.0%
Sloan accruals ratio -11.4% -4.6%
20th		 -0.6%
Earnings quality score (0-1) 1.00 1.00
33rd		 0.75

Dividends & buybacks

MeasureMCOIndustry medianIndustry percentileSector median
Dividend yield 0.8% 1.2%
20th		 2.3%
Dividend per share (TTM) $4.03 $2.04
70th		 $1.03
Payout ratio (dividends / net income) 25.0% 29.6%
33rd		 30.0%
Dividends / FCF 20.6% 23.2%
30th		 49.0%
Dividend growth (YoY) 6.1% 8.3%
25th		 6.4%
Buyback yield -0.4% 2.7%
0th		 1.7%
Shareholder yield (dividends + buybacks) 0.5% 4.0%
0th		 5.2%
Share count change (YoY) -2.5% -2.5%
50th		 -0.3%
Buybacks, last 5 years $3.9B $3.6B
60th		 $85.3M

Scores & forensic checks

MeasureMCOIndustry medianIndustry percentileSector median
IS score 79 66
100th		 53
IS profitability 99 75
100th		 59
IS growth 74 56
100th		 57
IS value 43 52
20th		 77
IS momentum 90 84
90th		 76
IS risk (safety) 100 100
10th		 65
IS quality 75 79
30th		 71
IS balance sheet 46 52
20th		 51
IS earnings quality 68 74
20th		 74
IS cash flow 86 77
100th		 71
Piotroski F-score (0-9) 7 7
50th		 6
Altman Z-score —
Beneish M-score —
Ohlson O-score −7.17 −7.92
60th		 −6.00
IS credit score 78 74
70th		 68

Per share

MeasureMCOIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $15.89 $11.07
80th		 $3.36
Book value per share $17.20 $26.87
20th		 $28.13
Tangible book per share −$27.93 −$27.93
50th		 $21.49
Revenue per share $46.39 $25.28
70th		 $17.62
FCF per share $19.32 $11.63
80th		 $1.99
Operating cash flow per share $18.87 $11.90
70th		 $2.45
Cash per share $8.50 $7.46
60th		 $1.75

Size (TTM)

MeasureMCOIndustry medianIndustry percentileSector median
Market cap $84.0B $45.7B
70th		 $2.5B
Revenue $8.2B $5.5B
70th		 $1.0B
EBITDA $4.0B $2.1B
70th		 $269.3M
Net income $2.8B $1.4B
70th		 $168.0M
Free cash flow $3.4B $2.0B
70th		 $160.0M
Total assets $14.7B $14.7B
50th		 $8.5B
Shareholders' equity $3.0B $4.8B
40th		 $1.5B
Employees 16,000 10,973
90th		 1,392

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-10-01Minaya Jose
Director
 Award / grant 92——1,298
2026-10-01Phillips Jason D
Chief Acctg Off & Controller
 Tax withholding 21$450.80$9,6292,088
2026-10-01Fauber Robert
Director, President and CEO
 Open-market sale 623$455.00$283,46551,364
2026-10-01Fauber Robert
Director, President and CEO
 Option exercise 51$113.34$5,78051,415
2026-10-01Fauber Robert
Director, President and CEO
 Option exercise 572$167.50$95,81051,987
2026-10-01Fauber Robert
Director, President and CEO
 Option exercise 51$113.34$5,7800
2026-10-01Fauber Robert
Director, President and CEO
 Option exercise 572$167.50$95,8100
2026-09-04Van Saun Bruce
Director
 Award / grant 7——9,887
2026-09-04Van Saun Bruce
Director
 Award / grant 13——9,901
2026-09-04Forlenza Vincent A
Director
 Award / grant 15——8,779
2026-09-04Forlenza Vincent A
Director
 Award / grant 1——490
2026-09-04Minaya Jose
Director
 Award / grant 6——2,915

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSepOct

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired26373—
Open-market saleDisposed96,931$3.3M
Option exerciseDisposed126,458$918,639
Option exerciseAcquired126,458$918,639
Tax withholdingDisposed121$9,629
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 26 notices · 29,195 shares · $13.7M
FiledFilerShares proposedEst. proceeds
2026-10-01Fauber Robert923$419,965
2026-09-01Fauber Robert1,467$736,273
2026-08-03Fauber Robert1,467$710,468
2026-07-01Steele Richard G157$71,512
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 2 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2026-01-13Ro KhannaHousePurchase$1,001 - $15,0002026-02-10
2025-09-29Ro KhannaHouseSale$1,001 - $15,0002025-10-03
2025-09-23Val HoyleHouseSale$1,001 - $15,0002025-10-10
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-14
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-05-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2023-10-17Tommy TubervilleSenatePurchase$1,001 - $15,0002023-11-16
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
TCI Fund Management Ltd14,334,027$6.5B8.28%
BlackRock, Inc.12,461,878$5.6B7.20%
VANGUARD CAPITAL MANAGEMENT LLC9,757,973$4.4B5.63%
STATE STREET CORP7,111,386$3.2B4.11%
FMR LLC4,985,040$2.3B2.88%
GEODE CAPITAL MANAGEMENT, LLC4,006,816$1.8B2.31%
VANGUARD PORTFOLIO MANAGEMENT LLC3,733,380$1.7B2.16%
NORGES BANK2,372,048$1.1B1.37%
PineStone Asset Management Inc.2,283,961$1.0B1.32%
GOLDMAN SACHS GROUP INC2,126,435$963.1M1.23%
Fiera Capital Corp2,085,400$944.5M1.20%
Bank of New York Mellon Corp1,998,789$905.3M1.15%
Egerton Capital1,704,229$771.9M0.98%
PRICE T ROWE ASSOCIATES INC /MD/1,545,468$700.0M0.89%
PRINCIPAL FINANCIAL GROUP INC1,461,325$661.9M0.84%

Institutional ownership by quarter

2023-092026-0690.9%
% of shares held by 13F filers
2023-092026-061,419
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,41990.9%154502530114
2026-03-311,39091.6%153498510171
2025-12-311,43292.8%20850947785
2025-09-301,34092.1%111489466102
2025-06-301,35194.2%15050945799
2025-03-311,32094.9%133533424100
2024-12-311,30594.1%18644244763
2024-09-301,20893.8%11946139861
2024-06-301,16495.1%11241939376
2024-03-311,14195.0%11941239772
2023-12-311,10896.2%14736441963
2023-09-301,03796.0%9137634968

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-15SCHEDULE 13G/AChristopher Hohn8.2%14,334,027
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.09%$2.1B
VSMPX0.09%$2.1B
VTI0.09%$2.1B
VTSAX0.09%$2.1B
VFIAX0.10%$1.8B
VOO0.10%$1.8B

Share structure

Shares outstanding173,200,000
Float158,522,946
Free float91.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$6.2B$5.5B$5.9B$7.1B$7.7B
Cost of revenue$1.9B$1.9B$2.1B$2.4B$2.5B
Gross profit$4.3B$3.5B$3.9B$4.7B$5.3B
R&D$0$0$0$0$0
SG&A$1.5B$1.5B$1.6B$1.7B$1.8B
Operating income$2.8B$2.0B$2.2B$3.0B$3.5B
EBITDA$3.3B$2.3B$2.5B$3.3B$3.9B
Pretax income$2.8B$1.8B$1.9B$2.7B$3.1B
Income tax$541.0M$386.0M$327.0M$640.0M$668.0M
Net income$2.2B$1.4B$1.6B$2.1B$2.5B
EPS, diluted$11.78$7.44$8.73$11.26$13.67
Diluted shares187.9M184.7M184.0M182.7M179.9M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.9B$1.9B$2.2B$3.0B$2.4B
Receivables$1.7B$1.7B$1.7B$1.9B$2.0B
Inventory$0$0$0$0$0
Total current assets$4.0B$4.1B$4.2B$5.2B$5.2B
PP&E, net$785.0M$848.0M$880.0M$872.0M$1.0B
Goodwill & intangibles$8.5B$8.0B$8.0B$7.9B$8.2B
Total assets$14.7B$14.3B$14.6B$15.5B$15.8B
Accounts payable$47.0M$52.0M$23.0M$53.0M$0
Total current liabilities$2.5B$2.4B$2.5B$3.6B$3.0B
Long-term debt$7.4B$7.4B$7.0B$6.7B$7.3B
Total liabilities$11.8B$11.7B$11.1B$11.8B$11.6B
Shareholders' equity$2.9B$2.7B$3.5B$3.7B$4.2B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$2.2B$1.4B$1.6B$2.1B$2.5B
Depreciation & amortization$257.0M$331.0M$373.0M$431.0M$480.0M
Stock-based compensation$0$0$0$0$232.0M
Change in working capital−$400.0M−$427.0M−$38.0M$150.0M−$254.0M
Operating cash flow$2.0B$1.5B$2.2B$2.8B$2.9B
Capital expenditure−$139.0M−$283.0M−$271.0M−$317.0M−$326.0M
Free cash flow$1.9B$1.2B$1.9B$2.5B$2.6B
Investing cash flow−$2.6B−$262.0M−$247.0M−$1.1B$2.0M
Net debt issued / repaid$1.1B$352.0M−$500.0M$491.0M−$700.0M
Buybacks−$833.0M−$1.1B−$561.0M−$1.4B−$1.7B
Dividends paid−$463.0M−$515.0M−$564.0M−$620.0M−$701.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin69.5%64.4%65.2%66.4%68.2%
Operating margin45.7%36.5%37.6%41.9%44.5%
Net margin35.6%25.1%27.2%29.0%31.9%
FCF margin30.0%21.8%31.8%35.6%36.5%
ROE103.1%52.4%55.1%59.8%64.5%
ROIC26.0%18.3%21.6%27.2%30.2%
ROA16.3%9.5%11.1%13.7%15.7%
Debt / equity2.923.122.232.171.81
Interest coverage12.7x27.9x13.2x13.5x18.0x
Current ratio1.611.721.691.431.74
Revenue growth+15.8%−12.1%+8.2%+19.8%+8.9%
EPS growth+25.7%−36.8%+17.1%+28.7%+22.2%
P/E at year end31.9x36.4x43.9x41.7x37.1x
EV / EBITDA at year end23.7x26.1x30.7x27.4x24.7x
FCF yield at year end2.64%2.38%2.66%2.94%3.09%
Dividend payout20.9%37.5%35.1%30.1%28.5%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Moodys Analytics$3.8B$2.8B$3.1B$4.4B$4.8B
Moodys Investors Service$2.4B$2.7B$2.9B$2.7B$2.9B

Revenue by region · FY2025

International Regions$3.5B · 50%
EMEA$2.4B · 33%
Asia Pacific$699.0M · 10%
U S$472.0M · 7%

Street estimates by fiscal year

Next report 2026-10-21 · consensus EPS $4.26 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$8.3B$8.2B – $8.4B$16.89$16.50 – $17.341628.7x
2027$8.9B$8.7B – $9.2B$18.92$17.61 – $19.611625.6x
2028$9.5B$9.3B – $9.8B$21.27$20.61 – $22.38922.8x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-07-22$4.26$4.68+9.9%$2.1B$2.2B+4.7%
2026-04-22$4.22$4.33+2.6%$2.1B$2.1B+0.5%
2026-02-18$3.43$3.64+6.1%$1.9B$1.9B+1.5%
2025-10-22$3.70$3.92+5.9%$2.0B$2.0B+2.6%
2025-07-23$3.39$3.56+5.0%$1.8B$1.9B+2.6%
2025-04-22$3.54$3.83+8.2%$1.9B$1.9B+2.6%
2025-02-13$2.27$2.62+15.4%$1.7B$1.7B−1.8%
2024-10-22$2.86$3.21+12.2%$1.7B$1.8B+6.2%
2024-07-23$3.02$3.28+8.6%$1.7B$1.8B+5.3%
2024-05-02$3.04$3.37+10.9%$1.7B$1.8B+5.2%
2024-02-13$2.32$2.19−5.6%$1.5B$1.5B−0.3%
2023-10-25$2.30$2.43+5.7%$1.5B$1.5B+0.5%
2023-07-25$2.24$2.30+2.7%$1.5B$1.5B+2.9%
2023-04-25$2.20$2.99+35.9%$1.4B$1.5B+4.3%
2023-01-31$1.44$1.60+11.1%$1.3B$1.3B+2.7%
2022-10-25$2.06$1.85−10.2%$1.3B$1.3B−5.2%
2022-07-26$2.30$2.22−3.5%$1.4B$1.4B−2.5%
2022-05-02$2.90$2.89−0.3%$1.5B$1.5B+0.8%
2022-02-10$2.39$2.33−2.5%$1.5B$1.5B+2.3%
2021-10-28$2.54$2.69+5.9%$1.4B$1.5B+8.4%
2021-07-28$2.78$3.22+15.8%$1.4B$1.6B+10.3%
2021-04-28$2.82$4.06+44.0%$1.4B$1.6B+17.6%
2021-02-12$1.97$1.91−3.0%$1.2B$1.3B+5.8%
2020-10-29$2.10$2.69+28.1%$3.2B$1.4B−57.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.606-150.706-220.506-290.507-060.507-130.907-200.707-270.508-030.408-100.608-170.508-240.608-31
Week ofNotionalSharesTrades
2026-08-31$583.1M1,171,34250,840
2026-08-24$472.5M922,32242,192
2026-08-17$573.5M1,157,48453,482
2026-08-10$423.0M881,71339,666
2026-08-03$476.6M992,60839,411
2026-07-27$655.3M1,359,18753,373

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1568.9%
DateShort shareShort volumeTotal volume
2026-10-1568.9%314,904457,277
2026-10-1473.7%252,741342,748
2026-10-1376.9%186,211242,183
2026-10-1266.8%130,488195,416
2026-10-0967.0%147,337219,901
2026-10-0871.0%153,128215,681
2026-10-0745.5%118,693260,800
2026-10-0665.5%167,469255,751
2026-10-0560.9%204,450335,789
2026-10-0235.1%236,889674,727
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+2.5Jan-1.1Feb+2.9Mar+3.5Apr+0.5May+0.1Jun+3.2Jul+0.3Aug-1.7Sep+0.8Oct+3.2Nov+0.3Dec
MonthAvg returnUp yearsYears
Jan+2.5%65%20
Feb−1.1%55%20
Mar+2.9%67%21
Apr+3.5%55%20
May+0.5%70%20
Jun+0.1%50%20
Jul+3.2%75%20
Aug+0.3%60%20
Sep−1.7%40%20
Oct+0.8%55%20
Nov+3.2%80%20
Dec+0.3%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1460.8
MFI49.5
ADX21.1
Stochastic %K / %D82.5 / 75.1
Williams %R-11.1
CCI164
TSI / signal-1.7 / -13.4
Chaikin money flow0.01
ATR$10.94
Bollinger width9.8%
Volume vs 20-day avg0.71x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$462.17 (+5.0%)
SMA 50$477.46 (+1.6%)
SMA 200$468.69 (+3.5%)
EMA 21$466.93 (+3.9%)
EMA 50$471.47 (+2.9%)
EMA 200$471.88 (+2.8%)
Bollinger upper$484.92 (+0.0%)
Bollinger lower$439.42 (+10.4%)
Parabolic SAR$447.54 (+8.4%)
Open the live chart, 110+ indicators

About Moody's Corporation

Moody's Corporation operates as a global leader in risk assessment, divided into two main segments: Moody's Investors Service and Moody's Analytics. Moody's Investors Service is dedicated to issuing credit ratings and providing detailed assessments for a diverse range of debt obligations and the entities that issue them. This encompasses corporate, financial institution, governmental, and structured finance securities across approximately 140 nations. These ratings are made publicly available through press releases, digital media, and real-time financial information systems. Its vast scope includes ratings for thousands of non-financial corporations, financial institutions, public finance issuers, sovereign and sub-sovereign governments, supranational bodies, infrastructure projects, and structured finance deals. The Moody's Analytics segment develops and provides a comprehensive suite of products and services designed to support the risk management needs of institutional participants in financial markets. This includes subscription-based research, data, and analytical tools such as credit ratings, quantitative credit scores, economic forecasts, business intelligence, commercial real estate data, and specialized training and certification programs. Additionally, this segment offers offshore analytical and research services, along with advanced software solutions for risk management. Originally founded in 1900 and headquartered in New York, New York, the company was known as Dun and Bradstreet Company before officially becoming Moody's Corporation in September 2000.

https://www.moodys.com

Key executives

NameTitlePayBorn
Robert Scott FauberPresident, Chief Executive Officer & Director$3.4M1970
Michael L. WestPresident of Moody's Investors Service Inc. & CEO of Moody's Ratings$2.3M1969
Noemie Clemence HeulandSenior Vice President & Chief Financial Officer$1.9M1978
Richard SteeleSenior Vice President & General Counsel$1.2M1970
Jason PhillipsChief Accounting Officer & Corporate Controller$1.1M1977
Christine ElliottMD & Chief Corporate Affairs Officer——
Maral KazanjianSenior Vice President & Chief People Officer—1974
Michael AdlerSenior Vice President of Corporate Communications——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Robert Fauber President and Chief Executive Officer2025$1.1M$11.4M$2.2M$18.1M
Michael West President of Moody’s Ratings2025$750,000$2.8M$1.3M$5.8M
Stephen Tulenko Former President of Moody’s Analytics2025$505,769$2.8M$0$5.4M
Richard Steele Senior Vice President and General Counsel2025$570,000$1.4M$607,326$3.2M

Employees

13k201811k201911k202013k202114k202215k202316k202416k2025

Dividends

Ex-dateAmountPaid
2026-08-14$1.032026-09-04
2026-05-15$1.032026-06-05
2026-03-02$1.032026-03-13
2025-11-21$0.942025-12-12
2025-08-15$0.942025-09-05
2025-05-16$0.942025-06-06
2025-02-25$0.942025-03-14
2024-11-22$0.852024-12-13

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage59
Intangibles61
Switching costs32
Network effect70
Efficient scale90
Our component scores (0-100) and overall 59.1; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms