Moody's Quarterly Cash Flow Statement
NYSE: MCOFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Moody's free cash flow
In the quarter ended Jun 30, 2026, Moody's generated $779.0 million of operating cash flow and spent $91.0 million on capital expenditures. That left free cash flow of $688.0 million, a free-cash-flow margin of 31.5% of revenue. Free cash flow was up 47.0% from the prior year's $468.0 million.
Moody's returned $874.0 million to shareholders: $180.0 million in dividends and $694.0 million in share repurchases, equal to 127% of free cash flow. Free cash flow covered dividend payments 3.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
Moody's cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 879.00M | 661.00M | 611.00M | 647.00M | 579.00M | 625.00M | 395.00M | 534.00M | 553.00M | 577.00M | 340.00M | 390.00M |
| Net Income growth (YoY) | +51.81% | +5.76% | +54.68% | +21.16% | +4.70% | +8.32% | +16.18% | +36.92% | +46.68% | +15.17% | +38.21% | +28.71% |
| Depreciation & Amortization | 126.00M | 122.00M | 124.00M | 123.00M | 120.00M | 113.00M | 113.00M | 108.00M | 110.00M | 100.00M | 97.00M | 95.00M |
| Stock-Based Compensation | 59.00M | 58.00M | 58.00M | 57.00M | 61.00M | 56.00M | 54.00M | 57.00M | 56.00M | 53.00M | 50.00M | 46.00M |
| Change in Working Capital | -83.00M | -11.00M | 244.00M | -201.00M | -129.00M | -23.00M | 176.00M | 34.00M | 15.00M | -48.00M | 80.00M | -157.00M |
| Operating Cash Flow | 779.00M | 939.00M | 858.00M | 743.00M | 543.00M | 757.00M | 674.00M | 703.00M | 686.00M | 775.00M | 477.00M | 462.00M |
| Capital Expenditures | -91.00M | -95.00M | -81.00M | -85.00M | -75.00M | -85.00M | -74.00M | -72.00M | -93.00M | -78.00M | -73.00M | -71.00M |
| Investing Cash Flow | 112.00M | -91.00M | -42.00M | -54.00M | -126.00M | 224.00M | -181.00M | -684.00M | -95.00M | -96.00M | -54.00M | -90.00M |
| Dividends Paid | -180.00M | -185.00M | -167.00M | -168.00M | -171.00M | -195.00M | -155.00M | -156.00M | -154.00M | -155.00M | -140.00M | -141.00M |
| Share Repurchases | -694.00M | -1.47B | -437.00M | -513.00M | -284.00M | -373.00M | -480.00M | -428.00M | -264.00M | -120.00M | -212.00M | -170.00M |
| Financing Cash Flow | -910.00M | -1.72B | -609.00M | -674.00M | -482.00M | -1.30B | -634.00M | -81.00M | -423.00M | -308.00M | -353.00M | -607.00M |
| Net Change in Cash | -2.00M | -915.00M | 203.00M | 7.00M | 35.00M | -269.00M | -234.00M | 7.00M | 159.00M | 346.00M | 124.00M | -272.00M |
| Free Cash Flow | 688.00M | 844.00M | 777.00M | 658.00M | 468.00M | 672.00M | 600.00M | 631.00M | 593.00M | 697.00M | 404.00M | 391.00M |
This table shows 12 quarterly periods of Moody's's cash flow statement, from Q2 2026 back to Q3 2023, across 12 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?