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Moody's MCO MIS — Deferred cost balance

Other segment segments

MA
$337M+14.6%

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METMIM — Policyholder account balances
$0
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METRIS — Policyholder account balances
$93.55B+10.2%
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METRIS — Deferred Income
$21M-16.0%
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METMIM — Policyholder Account Balance, Interest Expense
$0
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METRIS — Policyholder Account Balance, Interest Expense
$908M+0.6%

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, 2025 / MAAs of December 31, 2025 / MISAs of December 31, 2025 / TotalAs of December 31, 2024 / MAAs of December 31, 2024 / MISAs of December 31, 2024 / Total
Capitalized costs to fulfill sales contracts$44$15$59$39$12$51

ITEM 8. FINANCIAL STATEMENTS

FAQ

What is Moody's's MIS — deferred cost balance?
Moody's (MCO) reported MIS — deferred cost balance of $15M in Q4 2025.
How has Moody's's MIS — deferred cost balance changed year-over-year?
Moody's's MIS — deferred cost balance increased by 25.0% year-over-year, from $12M to $15M.
What does MIS — deferred cost balance mean?
Represents the cumulative balance of costs incurred to obtain or fulfill a contract that have been capitalized as assets rather than expensed immediately. These costs are recognized over the expected duration of the contract to match expenses with the associated revenue streams. Monitoring this balance helps assess the efficiency of customer acquisition and the long-term cost structure of service delivery.

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