MOODYS CORP /DE/

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

MCO$505.67-1.9%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(Amounts in millions, except share and per share data)

	December 31,
2025 · 2024
ASSETS
Current assets:
Cash and cash equivalents	$2,384		$2,408
Short-term investments	64		566
Accounts receivable, net of allowances for credit losses of $29 in 2025 and $32 in 2024	2,024		1,801
Other current assets	714		515
Total current assets	5,186		5,290
Property and equipment, net of accumulated depreciation of $1,572 in 2025 and $1,453 in 2024	722		656
Operating lease right-of-use assets	282		216
Goodwill	6,368		5,994
Intangible assets, net	1,866		1,890
Deferred tax assets, net	305		293
Other assets	1,101		1,166
Total assets	$15,830		$15,505
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities	$1,304		$1,344
Current portion of operating lease liabilities	95		102
Current portion of long-term debt	—		697
Deferred revenue	1,582		1,454
Total current liabilities	2,981		3,597
Non-current portion of deferred revenue	56		57
Long-term debt	6,994		6,731
Deferred tax liabilities, net	315		449
Uncertain tax positions	158		211
Operating lease liabilities	262		216
Other liabilities	859		517
Total liabilities	11,625		11,778
Contingencies (Note 19)
Shareholders’ equity:
Preferred stock, par value $0.01 per share; 10,000,000 shares authorized; no shares issued and outstanding	—		—
Series common stock, par value $0.01 per share; 10,000,000 shares authorized; no shares issued and outstanding		—
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 342,902,272 shares issued at December 31, 2025 and December 31, 2024, respectively.	3		3
Capital surplus	1,676		1,451
Retained earnings	17,853		16,071
Treasury stock, at cost; 165,359,285 and 162,593,213 shares of common stock at December 31, 2025 and December 31, 2024, respectively	(14,978)		(13,322)
Accumulated other comprehensive loss	(500)		(638)
Total Moody’s shareholders’ equity	4,054		3,565
Noncontrolling interests	151		162
Total shareholders’ equity	4,205		3,727
Total liabilities and shareholders’ equity	$15,830		$15,505

MOODY'S 2025 10-K 71

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.