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% | +32.86% |
| Q3 2018 | 2018-09-30 | $282.3M | −$81.5M | −22.40% | +26.11% |
| Q2 2018 | 2018-06-30 | $362.9M | −$84.8M | −18.94% | +30.89% |
| Q1 2018 | 2018-03-31 | $376.5M | $907.6M | — | +33.41% |
| Q4 2017 | 2017-12-31 | $383.6M | $43.8M | +12.89% | +32.91% |
| 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 | — | — | +33.10% |
| Q3 2009 | 2009-09-30 | $102.6M | −$32.7M | −24.17% | +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 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.
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