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Moody's MCO MA — Deferred cost balance

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MIS
$15M+25.0%

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EXRMA — Building and Improvements Initial Cost
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EXRMA — Debt
$26.92M-30.6%

Other financials

Income statement

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Revenue$2.2B+15.1%
Gross profit$1.7B+18.3%
Operating income$1.0B+27.9%
Net income$878.0M+51.9%
EPS (diluted)$5.03+56.7%

Balance sheet

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Cash & equivalents$1.5B-32.5%
Total debt$7.5B+3.3%
Total equity$3.0B-23.4%
Total assets$14.7B-5.2%

Cash flow

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Operating cash flow$779.0M+43.5%
CapEx$91.0M+21.3%
Free cash flow$688.0M+47.0%

Valuation

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Market cap$83.82B-9.7%
Enterprise value$89.87B-8.2%
P/E30×-13.5×
P/S10.3×-2.4×

Profitability

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Gross margin75%+2.2pp
Operating margin44.8%+4.2pp
Net margin34.3%+5.1pp
FCF margin36.4%+3.9pp

Returns & leverage

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Return on equity80.2%+25.0pp
Debt / equity2.5×+0.6×
Current ratio1.2×-0.6×

Where this comes from

Reported directly by Moody's in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedContractCostNet.

The source filing: Moody's’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 4:41 PM EST
Fiscal year
FY2025
Accession
0001628280-26-009136
Line itemAs of December 31, 2025As of December 31, 2024
Capitalized costs to obtain sales contracts$337$294

ITEM 8. FINANCIAL STATEMENTS

FAQ

What is Moody's's MA — deferred cost balance?
Moody's (MCO) reported MA — deferred cost balance of $337M in Q4 2025.
How has Moody's's MA — deferred cost balance changed year-over-year?
Moody's's MA — deferred cost balance increased by 14.6% year-over-year, from $294M to $337M.
What does MA — deferred cost balance mean?
Represents the cumulative balance of costs incurred to obtain or fulfill a contract that are capitalized and amortized over the expected benefit period. This reflects the investment in customer acquisition and long-term service delivery infrastructure. Monitoring this balance provides insight into the timing of expense recognition versus cash outflows.

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