What is Moody's's D&A?

Moody's (MCO) reported D&A of $122M in Q1 2026.

How has Moody's's D&A changed year-over-year?

Moody's's D&A increased by 8.0% year-over-year, from $113M to $122M.

What is the long-term trend for Moody's's D&A?

Over 4 years (2021 to 2025), Moody's's D&A has grown at a 16.9% compound annual growth rate (CAGR), from $257M to $480M.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

Moody's MCO D&A

D&A at other companies

CoStar GroupCSGP

$82M+74.5%

MorningstarMORN

$51.7M+9.3%

MSCIMSCI

$5.9M+25.5%

Verisk Analytics, Inc.VRSK

$69.9M+3.7%

Fair IsaacFICO

$3.89M+13.9%

MicroStrategyMSTR

$8.79M+33.6%

Segments

By segment

See full

MA$100M+6.4%

MIS$22M+15.8%

Other financials

Income statement

See full

Revenue$2.1B+8.1%

Gross profit$1.5B+8.0%

Operating income$922.0M+9.0%

Net income$661.0M+5.8%

EPS (diluted)$3.73+7.8%

Balance sheet

See full

Cash & equivalents$1.5B-31.3%

Total debt$7.3B+2.5%

Total equity$3.0B-19.1%

Total assets$14.7B-2.4%

Cash flow

See full

Operating cash flow$939.0M+24.0%

CapEx$95.0M+11.8%

Free cash flow$844.0M+25.6%

Valuation

See full

Market cap$78.61B-10.7%

Enterprise value$84.45B-9.3%

P/E31.5×-9.8×

P/S10×-2.1×

Profitability

See full

Gross margin74.4%+1.7pp

Operating margin43.5%+3.1pp

Net margin31.7%+2.5pp

FCF margin34.9%+0.3pp

Returns & leverage

See full

Return on equity74.5%+16.6pp

Debt / equity2.4×+0.5×

Current ratio1.2×-0.4×

Where this comes from

Reported directly by Moody's in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The official record: Moody's’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Moody's's D&A?: Moody's (MCO) reported D&A of $122M in Q1 2026.
How has Moody's's D&A changed year-over-year?: Moody's's D&A increased by 8.0% year-over-year, from $113M to $122M.
What is the long-term trend for Moody's's D&A?: Over 4 years (2021 to 2025), Moody's's D&A has grown at a 16.9% compound annual growth rate (CAGR), from $257M to $480M.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.