How much cash does Moody's generate?

Moody's (MCO) generated $3.1B in operating cash flow over the trailing twelve months.

What is Moody's's free cash flow?

After $336.0M of capital expenditures, Moody's's free cash flow was $2.7B over the trailing twelve months, up 10.1% year over year.

Where does Moody's's cash flow data come from?

Every line is extracted from Moody's's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Moody's MCO Cash Flow Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Net income	$2.5B+18.6%	$2.46B+19.6%	$2.25B+12.1%	$2.13B+14.7%	$2.11B+25.1%
Depreciation and amortization	$489M+10.1%	$480M+11.4%	$469M+13.0%	$454M+12.9%	$444M+15.3%
Stock-based compensation	$234M+4.9%	$232M+5.5%	$228M+5.6%	$228M+11.2%	$223M+12.1%
Deferred income taxes	-$12M—	-$17M—	-$31M—	——	——
Change in accounts receivable	$234M—	$203M—	$81M—	——	——
Change in accounts payable	——	——	——	-$34M—	$43M—
Change in other liabilities	——	——	——	——	$33M—
Net cash from operating activities	$3.08B+9.3%	$2.9B+2.2%	$2.72B+2.9%	$2.68B+11.5%	$2.82B+21.7%
Capital expenditures	$336M+3.7%	$326M+2.8%	$319M+0.9%	$306M-2.9%	$324M+17.4%
Acquisitions, net of cash acquired	——	——	——	——	$432M—
Purchases of investments	$185M-71.2%	$188M-71.1%	$186M-71.9%	$682M+285%	$642M+334%
Net cash from investing activities	——	——	——	——	-$736M-163%
Dividends paid	$691M+4.7%	$701M+13.1%	$689M+13.9%	$677M+14.7%	$660M+14.2%
Repurchases of common stock	$2.71B+75.1%	$1.61B+24.4%	$1.65B+61.1%	$1.57B+104%	$1.55B+172%
Taxes paid for net share settlement	$122M+34.1%	$99M+8.8%	$98M+10.1%	$97M+9.0%	$91M+15.2%
Net cash from financing activities	-$3.48B-43.0%	-$3.06B-112%	-$3.09B-165%	-$2.5B-47.5%	-$2.44B-45.3%
Effect of exchange rate changes on cash	——	——	——	$124M+829%	$15M+400%
Net increase (decrease) in cash	——	——	——	——	——
Gain On Previously Held And Sold Investments In Non-Consolidated Affiliates	——	$0-100%	$1.75M-72.0%	$3.5M-36.4%	$5.25M+10.5%
Operating lease liabilities	-$28M+17.6%	-$33M0.0%	-$37M-8.8%	-$37M-15.6%	-$34M-21.4%
Increase (Decrease) in Other Operating Assets	-$32M—	-$36M—	$32M—	——	——
Increase (Decrease) in Prepaid Expense and Other Assets	$28M-61.6%	$76M+111%	$48M—	$55M—	$73M—
Increase (Decrease) in Contract with Customer, Liability, Excluding Effect of Exchange Rate	——	——	——	——	——
Accounts Receivable, Credit Loss Expense (Reversal)	$11M-31.3%	$12M-20.0%	$12M-42.9%	$11M-52.2%	$16M-30.4%
Restructuring charges, net of cash paid (Note 15)	$7M-80.0%	$9M-71.9%	$25M-34.2%	$39M—	$35M—
Unrecognized Tax Benefits and Other Non Current Tax Liabilities Period Increase (Decrease)	-$56M-411%	-$57M-417%	$23M+867%	$16M+633%	$18M+280%
Divestiture of businesses, net of cash transferred	——	$40M—	$30M—	$20M—	$10M—
Proceeds from disposition of marketable securities and other investments	——	——	——	——	——
Proceeds from issuance of common stock relating to employee stock plans	$39M-48.7%	$49M-32.9%	$57M-18.6%	$60M-6.3%	$76M+28.8%
Repayments Of Notes Payable	——	——	——	——	$700M—
Free cash flow	$2.75B+10.1%	$2.58B+2.1%	$2.4B+3.1%	$2.37B+13.7%	$2.5B+22.2%
Free cash flow	$2.75B+10.1%	$2.58B+2.1%	$2.4B+3.1%	$2.37B+13.7%	$2.5B+22.2%

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Questions, answered.

How much cash does Moody's generate?: Moody's (MCO) generated $3.1B in operating cash flow over the trailing twelve months.
What is Moody's's free cash flow?: After $336.0M of capital expenditures, Moody's's free cash flow was $2.7B over the trailing twelve months, up 10.1% year over year.
Where does Moody's's cash flow data come from?: Every line is extracted from Moody's's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.