Moody's Corp.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.85B | $7.10B | $5.91B | $5.46B | $6.22B | $5.31B | $4.83B | $4.44B |
| Moody's Investors Service | $4.10B | $3.66B | $2.84B | $2.71B | $3.71B | $3.31B | $2.86B | $2.85B |
| Moody's Analytics | $3.75B | $3.44B | $3.07B | $2.75B | $2.51B | $2.00B | $1.97B | $1.59B |
| Cost of Revenue | $1.97B | $1.95B | $1.69B | $1.61B | $1.64B | $1.48B | $1.39B | $1.25B |
| Gross Profit | $5.88B | $5.16B | $4.22B | $3.85B | $4.58B | $3.84B | $3.44B | $3.19B |
| Gross Margin | 74.9% | 72.6% | 71.5% | 70.5% | 73.7% | 72.2% | 71.3% | 71.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | $51.1M |
| SG&A Expense | $1.80B | $1.74B | $1.63B | $1.53B | $1.48B | $1.23B | $1.17B | $1.08B |
| Operating Income | $3.35B | $2.88B | $2.14B | $1.88B | $2.84B | $2.39B | $2.00B | $1.87B |
| Operating Margin | 42.7% | 40.5% | 36.2% | 34.5% | 45.7% | 45.0% | 41.4% | 42.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $3.13B | $2.70B | $1.94B | $1.76B | $2.76B | $2.23B | $1.81B | $1.67B |
| Income Tax Expense | $668.0M | $640.0M | $327.0M | $386.0M | $541.0M | $452.0M | $381.0M | $352.0M |
| Net Income | $2.46B | $2.06B | $1.61B | $1.37B | $2.21B | $1.78B | $1.42B | $1.31B |
| Net Margin | 31.3% | 29.0% | 27.2% | 25.2% | 35.6% | 33.5% | 29.4% | 29.5% |
| EPS (Basic) | $13.73 | $11.32 | $8.77 | $7.47 | $11.88 | $9.48 | $7.51 | $6.84 |
| EPS (Diluted) | $13.67 | $11.26 | $8.73 | $7.44 | $11.78 | $9.39 | $7.42 | $6.74 |
| Shares Outstanding (Basic) | 179.1M | 181.8M | 183.2M | 183.9M | 186.4M | 187.6M | 189.3M | 191.6M |
| Shares Outstanding (Diluted) | 179.9M | 182.7M | 184.0M | 184.7M | 187.9M | 189.3M | 191.6M | 194.4M |
| Dividends Per Share | $3.76 | $3.40 | $3.08 | $2.80 | $2.48 | $2.24 | $2.00 | $1.76 |