Moody's Cash Flow Statement
NYSE: MCOFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Moody's free cash flow
In fiscal 2025, Moody's generated $2.90 billion of operating cash flow and spent $326.0 million on capital expenditures. That left free cash flow of $2.58 billion, a free-cash-flow margin of 33.4% of revenue. Free cash flow was up 2.1% from the prior year's $2.52 billion.
Moody's returned $2.31 billion to shareholders: $701.0 million in dividends and $1.61 billion in share repurchases, equal to 90% of free cash flow. Free cash flow covered dividend payments 3.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Moody's cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 2.46B | 2.06B | 1.61B | 1.37B | 2.21B | 1.78B | 1.43B | 1.32B | 1.01B | 275.80M |
| Net Income growth (YoY) | +19.57% | +28.05% | +17.03% | -37.94% | +24.59% | +24.35% | +8.26% | +30.95% | +265.48% | -70.96% |
| Depreciation & Amortization | 480.00M | 431.00M | 373.00M | 331.00M | 257.00M | 220.00M | 200.00M | 192.00M | 158.00M | 126.70M |
| Stock-Based Compensation | 232.00M | 220.00M | 193.00M | 169.00M | 175.00M | 154.00M | 136.00M | 130.00M | 123.00M | 98.10M |
| Change in Working Capital | -109.00M | 177.00M | 22.00M | -199.00M | -123.00M | 152.00M | -9.00M | -142.00M | -438.10M | 904.40M |
| Operating Cash Flow | 2.90B | 2.84B | 2.15B | 1.47B | 2.00B | 2.15B | 1.68B | 1.46B | 755.00M | 1.26B |
| Capital Expenditures | -326.00M | -317.00M | -271.00M | -283.00M | -139.00M | -103.00M | -69.00M | -91.00M | -91.00M | -115.20M |
| Investing Cash Flow | 2.00M | -1.06B | -247.00M | -262.00M | -2.62B | -1.08B | 36.00M | -406.00M | -3.42B | 102.00M |
| Dividends Paid | -701.00M | -620.00M | -564.00M | -515.00M | -463.00M | -420.00M | -378.00M | -337.20M | -290.40M | -285.10M |
| Share Repurchases | -1.61B | -1.29B | -490.00M | -983.00M | -750.00M | -503.00M | -991.00M | -203.00M | -200.00M | -738.80M |
| Financing Cash Flow | -3.06B | -1.45B | -1.58B | -1.21B | -122.00M | -351.00M | -1.56B | -412.00M | 1.60B | -1.04B |
| Net Change in Cash | -24.00M | 278.00M | 361.00M | -42.00M | -786.00M | 765.00M | 147.00M | 613.00M | -980.00M | 294.10M |
| Free Cash Flow | 2.58B | 2.52B | 1.88B | 1.19B | 1.87B | 2.04B | 1.61B | 1.37B | 664.00M | 1.14B |
This table shows 10 annual periods of Moody's's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow MCO's reporting calendar. What is a cash flow statement?