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Non-Current Assets

PP&E (Net)

Moody's PP&E (Net) increased by 1.8% to $735M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.5%, from $671M to $735M. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 21.0% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ4 2014
Last reportedQ1 2026Apr 23, 2026

How to read this metric

A steady increase suggests ongoing investment in infrastructure, while a decline may indicate aging assets or a shift toward asset-light models.

Detailed definition

This represents the net book value of tangible long-lived assets used in the production of goods or services, after acco...

Peer comparison

Varies significantly by industry; Moody's, as a service-based firm, typically has lower capital intensity than manufacturing peers.

Metric ID: property_plant_equipment_net

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$282M$301M$347M$381M$433M$472M$502M$525M$541M$573M$603M$613M$652M$662M$656M$671M$689M$712M$722M$735M
QoQ Change+6.7%+15.3%+9.8%+13.6%+9.0%+6.4%+4.6%+3.0%+5.9%+5.2%+1.7%+6.4%+1.5%-0.9%+2.3%+2.7%+3.3%+1.4%+1.8%
YoY Change+53.5%+56.8%+44.7%+37.8%+24.9%+21.4%+20.1%+16.8%+20.5%+15.5%+8.8%+9.5%+5.7%+7.6%+10.1%+9.5%
Range$282M$735M
CAGR+22.3%
Avg YoY Growth+22.7%
Median YoY Growth+18.4%
Current Streak5 quarters growth

Geographic Breakdown — U.S.

View all
SegmentQ4 '23Q4 '24
U.S.$4.32B$4.4B
Total$603M$656M

Geographic Breakdown — Non-U.S.

View all
SegmentQ4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Non-U.S.$4.8B$4.49B$4.56B$4.36B$4.72B
Total$347M$502M$603M$656M$722M

Frequently Asked Questions

What is Moody's's pp&e (net)?
Moody's (MCO) reported pp&e (net) of $735M in Q1 2026.
How has Moody's's pp&e (net) changed year-over-year?
Moody's's pp&e (net) increased by 9.5% year-over-year, from $671M to $735M.
What is the long-term trend for Moody's's pp&e (net)?
Over 5 years (2020 to 2025), Moody's's pp&e (net) has grown at a 21.0% compound annual growth rate (CAGR), from $278M to $722M.
What does pp&e (net) mean?
The value of the company's physical assets like buildings and equipment, minus the wear and tear (depreciation).