MOODYS CORP /DE/
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
MCO$505.67-1.9%Stored close · as of Nov 6, 2026
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $7,718 | $7,088 | $5,916 |
| Expenses | |||
| Operating | 1,973 | 1,945 | 1,687 |
| Selling, general and administrative | 1,803 | 1,735 | 1,632 |
| Depreciation and amortization | 480 | 431 | 373 |
| Restructuring | 108 | 59 | 87 |
| Charges related to asset abandonment | 3 | 43 | — |
| Total expenses | 4,367 | 4,213 | 3,779 |
| Operating income | 3,351 | 2,875 | 2,137 |
| Non-operating expense, net | |||
| Interest expense, net | (213) | (237) | (251) |
| Other non-operating (expense) income, net | (31) | 61 | 49 |
| Gain on divestiture of business | 23 | — | — |
| Non-operating expense, net | (221) | (176) | (202) |
| Income before provision for income taxes | 3,130 | 2,699 | 1,935 |
| Provision for income taxes | 668 | 640 | 327 |
| Net income | 2,462 | 2,059 | 1,608 |
| Less: Net income attributable to noncontrolling interests | 3 | 1 | 1 |
| Net income attributable to Moody’s | $2,459 | $2,058 | $1,607 |
| Earnings per share | |||
| Basic | $13.73 | $11.32 | $8.77 |
| Diluted | $13.67 | $11.26 | $8.73 |
| Weighted average shares outstanding | |||
| Basic | 179.1 | 181.8 | 183.2 |
| Diluted | 179.9 | 182.7 | 184.0 |
MOODY'S 2025 10-K 69
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