Moodys annual free cash flow
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2025
Moodys Free Cash Flow (FCF) History (MCO)
Moodys reported $2.58B in free cash flow for fiscal 2025, an increase of 2.14% from the previous fiscal year, with a free cash flow margin of 33.36%.
View full Moodys company overviewMoodys free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.58B | $54.0M | +2.14% | +33.36% |
| 2024 | 2024-12-31 | $2.52B | $641.0M | +34.10% | +35.57% |
| 2023 | 2023-12-31 | $1.88B | $689.0M | +57.85% | +31.78% |
| 2022 | 2022-12-31 | $1.19B | −$675.0M | −36.17% | +21.78% |
| 2021 | 2021-12-31 | $1.87B | −$177.0M | −8.66% | +30.01% |
| 2020 | 2020-12-31 | $2.04B | $437.0M | +27.21% | +38.04% |
| 2019 | 2019-12-31 | $1.61B | $236.0M | +17.23% | +33.26% |
| 2018 | 2018-12-31 | $1.37B | $706.0M | +106.33% | +30.84% |
| 2017 | 2017-12-31 | $664.0M | −$480.0M | −41.96% | +15.79% |
| 2016 | 2016-12-31 | $1.14B | $34.9M | +3.15% | +31.74% |
| 2015 | 2015-12-31 | $1.11B | $165.1M | +17.49% | +31.83% |
| 2014 | 2014-12-31 | $944.0M | $59.5M | +6.73% | +28.31% |
| 2013 | 2013-12-31 | $884.5M | $106.4M | +13.67% | +29.76% |
| 2012 | 2012-12-31 | $778.1M | $42.5M | +5.78% | +28.50% |
| 2011 | 2011-12-31 | $735.6M | $161.3M | +28.09% | +32.25% |
| 2010 | 2010-12-31 | $574.3M | $21.2M | +3.83% | +28.26% |
| 2009 | 2009-12-31 | $553.1M | $97.8M | +21.48% | +30.78% |
| 2008 | 2008-12-31 | $455.3M | −$351.1M | −43.54% | +25.94% |
| 2007 | 2007-12-31 | $806.4M | — | — | +35.70% |
Moodys quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $688.0M | $220.0M | +47.01% | +31.49% |
| Q1 2026 | 2026-03-31 | $844.0M | $172.0M | +25.60% | +40.60% |
| Q4 2025 | 2025-12-31 | $777.0M | $177.0M | +29.50% | +41.13% |
| Q3 2025 | 2025-09-30 | $658.0M | $27.0M | +4.28% | +32.79% |
| Q2 2025 | 2025-06-30 | $468.0M | −$125.0M | −21.08% | +24.66% |
| Q1 2025 | 2025-03-31 | $672.0M | −$25.0M | −3.59% | +34.93% |
| Q4 2024 | 2024-12-31 | $600.0M | $196.0M | +48.51% | +35.89% |
| Q3 2024 | 2024-09-30 | $631.0M | $240.0M | +61.38% | +34.80% |
| Q2 2024 | 2024-06-30 | $593.0M | $43.0M | +7.82% | +32.64% |
| Q1 2024 | 2024-03-31 | $697.0M | $162.0M | +30.28% | +39.03% |
| Q4 2023 | 2023-12-31 | $404.0M | $106.0M | +35.57% | +27.30% |
| Q3 2023 | 2023-09-30 | $391.0M | $126.0M | +47.55% | +26.56% |
| Q2 2023 | 2023-06-30 | $550.0M | $333.0M | +153.46% | +36.81% |
| Q1 2023 | 2023-03-31 | $535.0M | $124.0M | +30.17% | +36.39% |
| Q4 2022 | 2022-12-31 | $298.0M | $61.0M | +25.74% | +23.10% |
| Q3 2022 | 2022-09-30 | $265.0M | −$138.0M | −34.24% | +20.78% |
| Q2 2022 | 2022-06-30 | $217.0M | −$347.0M | −61.52% | +15.71% |
| Q1 2022 | 2022-03-31 | $411.0M | −$251.0M | −37.92% | +27.00% |
| Q4 2021 | 2021-12-31 | $237.0M | −$401.0M | −62.85% | +15.40% |
| Q3 2021 | 2021-09-30 | $403.0M | −$87.0M | −17.76% | +26.41% |
| Q2 2021 | 2021-06-30 | $564.0M | −$27.0M | −4.57% | +36.32% |
| Q1 2021 | 2021-03-31 | $662.0M | $338.0M | +104.32% | +41.38% |
| Q4 2020 | 2020-12-31 | $638.0M | $167.0M | +35.46% | +49.46% |
| Q3 2020 | 2020-09-30 | $490.0M | $71.0M | +16.95% | +36.14% |
| Q2 2020 | 2020-06-30 | $591.0M | $222.0M | +60.16% | +41.18% |
| Q1 2020 | 2020-03-31 | $324.0M | −$23.0M | −6.63% | +25.12% |
| Q4 2019 | 2019-12-31 | $471.0M | $122.7M | +35.23% | +38.20% |
| Q3 2019 | 2019-09-30 | $419.0M | $136.7M | +48.42% | +33.79% |
| Q2 2019 | 2019-06-30 | $369.0M | $6.1M | +1.68% | +30.40% |
| Q1 2019 | 2019-03-31 | $347.0M | −$29.5M | −7.84% | +30.39% |
| Q4 2018 | 2018-12-31 | $348.3M | −$35.3M | −9.20% | +32.85% |
| Q3 2018 | 2018-09-30 | $282.3M | −$81.5M | −22.40% | +26.12% |
| Q2 2018 | 2018-06-30 | $362.9M | −$84.8M | −18.94% | +30.88% |
| Q1 2018 | 2018-03-31 | $376.5M | $907.6M | — | +33.42% |
| Q4 2017 | 2017-12-31 | $383.6M | $43.8M | +12.89% | +32.92% |
| Q3 2017 | 2017-09-30 | $363.8M | $51.7M | +16.57% | +34.23% |
| Q2 2017 | 2017-06-30 | $447.7M | $182.9M | +69.07% | +44.75% |
| Q1 2017 | 2017-03-31 | −$531.1M | −$758.4M | — | −54.46% |
| Q4 2016 | 2016-12-31 | $339.8M | $58.3M | +20.71% | +36.07% |
| Q3 2016 | 2016-09-30 | $312.1M | $38.2M | +13.95% | +34.03% |
| Q2 2016 | 2016-06-30 | $264.8M | −$46.1M | −14.83% | +28.51% |
| Q1 2016 | 2016-03-31 | $227.3M | −$15.5M | −6.38% | +27.85% |
| Q4 2015 | 2015-12-31 | $281.5M | −$9.5M | −3.26% | +32.51% |
| Q3 2015 | 2015-09-30 | $273.9M | $40.1M | +17.15% | +32.81% |
| Q2 2015 | 2015-06-30 | $310.9M | $49.8M | +19.07% | +33.86% |
| Q1 2015 | 2015-03-31 | $242.8M | $84.7M | +53.57% | +28.05% |
| Q4 2014 | 2014-12-31 | $291.0M | $29.0M | +11.07% | +33.16% |
| Q3 2014 | 2014-09-30 | $233.8M | −$37.7M | −13.89% | +28.65% |
| Q2 2014 | 2014-06-30 | $261.1M | $104.1M | +66.31% | +29.89% |
| Q1 2014 | 2014-03-31 | $158.1M | −$35.9M | −18.51% | +20.61% |
| Q4 2013 | 2013-12-31 | $262.0M | −$55.3M | −17.43% | +33.62% |
| Q3 2013 | 2013-09-30 | $271.5M | $24.3M | +9.83% | +38.48% |
| Q2 2013 | 2013-06-30 | $157.0M | −$9.9M | −5.93% | +20.77% |
| Q1 2013 | 2013-03-31 | $194.0M | $147.3M | +315.42% | +26.51% |
| Q4 2012 | 2012-12-31 | $317.3M | $194.4M | +158.18% | +42.07% |
| Q3 2012 | 2012-09-30 | $247.2M | $44.8M | +22.13% | +35.90% |
| Q2 2012 | 2012-06-30 | $166.9M | −$62.1M | −27.12% | +26.05% |
| Q1 2012 | 2012-03-31 | $46.7M | −$134.6M | −74.24% | +7.22% |
| Q4 2011 | 2011-12-31 | $122.9M | −$31.3M | −20.30% | +21.67% |
| Q3 2011 | 2011-09-30 | $202.4M | $51.0M | +33.69% | +38.10% |
| Q2 2011 | 2011-06-30 | $229.0M | $108.2M | +89.57% | +37.84% |
| Q1 2011 | 2011-03-31 | $181.3M | $33.4M | +22.58% | +31.42% |
| Q4 2010 | 2010-12-31 | $154.2M | −$6.6M | −4.10% | +27.33% |
| Q3 2010 | 2010-09-30 | $151.4M | $48.8M | +47.56% | +29.50% |
| Q2 2010 | 2010-06-30 | $120.8M | $13.7M | +12.79% | +25.28% |
| Q1 2010 | 2010-03-31 | $147.9M | −$34.7M | −19.00% | +31.03% |
| Q4 2009 | 2009-12-31 | $160.8M | $25.5M | +18.85% | +33.10% |
| Q3 2009 | 2009-09-30 | $102.6M | — | — | +22.71% |
| Q2 2009 | 2009-06-30 | $107.1M | — | — | +23.76% |
| Q1 2009 | 2009-03-31 | $182.6M | — | — | +44.66% |
| Q3 2008 | 2008-09-30 | $135.3M | — | — | +31.22% |
Moodys free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $2.04B to $2.58B, a compound annual growth rate of 4.74%. Moodys's latest reported quarter, Q2 2026, generated $688.0M in free cash flow, an increase of 47.01% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Moodys filings at SEC.gov ↗