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Moody's MCO Operating Lease Liabilities

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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$81.94B-11.7%
Enterprise value$87.99B-10.1%
P/E29.3×-14.2×
P/S10×-2.7×

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:OperatingLeaseLiabilityNoncurrent.

The source filing: Moody's’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049398
Line itemJune 30, 2026December 31, 2025
Long-term debt6,3756,994
Deferred tax liabilities, net292315
Uncertain tax positions170158
Operating lease liabilities483262
Other liabilities791859
Total liabilities11,50911,625
Contingencies (Note 15)
Shareholders' equity:

Item 1. Financial Statements

FAQ

What is Moody's's operating lease liabilities?
Moody's (MCO) reported operating lease liabilities of $483M in Q2 2026.
How has Moody's's operating lease liabilities changed year-over-year?
Moody's's operating lease liabilities increased by 125.7% year-over-year, from $214M to $483M.
What is the long-term trend for Moody's's operating lease liabilities?
Over 5 years (2020 to 2025), Moody's's operating lease liabilities has grown at a -9.3% compound annual growth rate (CAGR), from $427M to $262M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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