Moodys annual net debt
2008
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2021
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2024
2025
Moodys Net Debt Growth & History (MCO)
Moodys's net debt was $4.97B for fiscal 2025.
View full Moodys company overviewMoodys annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.97B | −$371.0M | −6.95% |
| 2024 | 2024-12-31 | $5.34B | $53.0M | +1.00% |
| 2023 | 2023-12-31 | $5.29B | −$809.0M | −13.28% |
| 2022 | 2022-12-31 | $6.09B | −$68.0M | −1.10% |
| 2021 | 2021-12-31 | $6.16B | $1.82B | +41.79% |
| 2020 | 2020-12-31 | $4.35B | $23.0M | +0.53% |
| 2019 | 2019-12-31 | $4.32B | $332.0M | +8.32% |
| 2018 | 2018-12-31 | $3.99B | −$478.0M | −10.70% |
| 2017 | 2017-12-31 | $4.47B | $3.16B | +240.75% |
| 2016 | 2016-12-31 | $1.31B | −$311.7M | −19.20% |
| 2015 | 2015-12-31 | $1.62B | $295.4M | +22.25% |
| 2014 | 2014-12-31 | $1.33B | $1.15B | +628.36% |
| 2013 | 2013-12-31 | $182.3M | $266.5M | — |
| 2012 | 2012-12-31 | −$84.2M | −$568.0M | — |
| 2011 | 2011-12-31 | $483.8M | −$96.2M | −16.59% |
| 2010 | 2010-12-31 | $580.0M | −$139.8M | −19.42% |
| 2009 | 2009-12-31 | $719.8M | $111.0M | +18.23% |
| 2008 | 2008-12-31 | $608.8M | — | — |
Moodys quarterly net debt
Q4.08
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
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Q4.12
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Q1.21
Q2.21
Q3.21
Q4.21
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Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $6.05B | $947.0M | +18.54% |
| Q1 2026 | 2026-03-31 | $5.84B | $847.0M | +16.95% |
| Q4 2025 | 2025-12-31 | $4.97B | −$371.0M | −6.95% |
| Q3 2025 | 2025-09-30 | $5.18B | −$99.0M | −1.87% |
| Q2 2025 | 2025-06-30 | $5.11B | $440.0M | +9.43% |
| Q1 2025 | 2025-03-31 | $5.00B | $140.0M | +2.88% |
| Q4 2024 | 2024-12-31 | $5.34B | $53.0M | +1.00% |
| Q3 2024 | 2024-09-30 | $5.28B | $15.0M | +0.28% |
| Q2 2024 | 2024-06-30 | $4.67B | −$726.0M | −13.46% |
| Q1 2024 | 2024-03-31 | $4.86B | −$941.0M | −16.23% |
| Q4 2023 | 2023-12-31 | $5.29B | −$809.0M | −13.28% |
| Q3 2023 | 2023-09-30 | $5.27B | −$1.05B | −16.58% |
| Q2 2023 | 2023-06-30 | $5.39B | −$1.17B | −17.85% |
| Q1 2023 | 2023-03-31 | $5.80B | −$784.0M | −11.91% |
| Q4 2022 | 2022-12-31 | $6.09B | −$68.0M | −1.10% |
| Q3 2022 | 2022-09-30 | $6.31B | $503.0M | +8.66% |
| Q2 2022 | 2022-06-30 | $6.57B | $2.54B | +63.17% |
| Q1 2022 | 2022-03-31 | $6.58B | $2.51B | +61.68% |
| Q4 2021 | 2021-12-31 | $6.16B | $1.82B | +41.79% |
| Q3 2021 | 2021-09-30 | $5.81B | $1.41B | +32.02% |
| Q2 2021 | 2021-06-30 | $4.02B | −$751.0M | −15.73% |
| Q1 2021 | 2021-03-31 | $4.07B | −$1.13B | −21.70% |
| Q4 2020 | 2020-12-31 | $4.35B | $23.0M | +0.53% |
| Q3 2020 | 2020-09-30 | $4.40B | −$243.5M | −5.24% |
| Q2 2020 | 2020-06-30 | $4.78B | −$16.3M | −0.34% |
| Q1 2020 | 2020-03-31 | $5.20B | $237.3M | +4.78% |
| Q4 2019 | 2019-12-31 | $4.32B | $332.0M | +8.32% |
| Q3 2019 | 2019-09-30 | $4.64B | $724.8M | +18.49% |
| Q2 2019 | 2019-06-30 | $4.79B | $781.8M | +19.50% |
| Q1 2019 | 2019-03-31 | $4.96B | $731.4M | +17.29% |
| Q4 2018 | 2018-12-31 | $3.99B | −$478.0M | −10.70% |
| Q3 2018 | 2018-09-30 | $3.92B | −$838.9M | −17.63% |
| Q2 2018 | 2018-06-30 | $4.01B | $2.40B | +149.63% |
| Q1 2018 | 2018-03-31 | $4.23B | $2.28B | +117.37% |
| Q4 2017 | 2017-12-31 | $4.47B | $3.16B | +240.75% |
| Q3 2017 | 2017-09-30 | $4.76B | $3.09B | +184.61% |
| Q2 2017 | 2017-06-30 | $1.61B | −$139.9M | −8.01% |
| Q1 2017 | 2017-03-31 | $1.95B | $93.6M | +5.05% |
| Q4 2016 | 2016-12-31 | $1.31B | −$311.7M | −19.20% |
| Q3 2016 | 2016-09-30 | $1.67B | $18.6M | +1.12% |
| Q2 2016 | 2016-06-30 | $1.75B | $178.6M | +11.39% |
| Q1 2016 | 2016-03-31 | $1.85B | $267.3M | +16.86% |
| Q4 2015 | 2015-12-31 | $1.62B | $295.4M | +22.25% |
| Q3 2015 | 2015-09-30 | $1.65B | $1.06B | +177.56% |
| Q2 2015 | 2015-06-30 | $1.57B | $1.40B | +857.54% |
| Q1 2015 | 2015-03-31 | $1.59B | $1.28B | +419.23% |
| Q4 2014 | 2014-12-31 | $1.33B | $1.15B | +628.36% |
| Q3 2014 | 2014-09-30 | $595.7M | $332.2M | +126.07% |
| Q2 2014 | 2014-06-30 | $163.7M | $191.7M | — |
| Q1 2014 | 2014-03-31 | $305.3M | $421.2M | — |
| Q4 2013 | 2013-12-31 | $182.3M | $266.5M | — |
| Q3 2013 | 2013-09-30 | $263.5M | $74.5M | +39.42% |
| Q2 2013 | 2013-06-30 | −$28.0M | −$442.2M | — |
| Q1 2013 | 2013-03-31 | −$115.9M | −$538.0M | — |
| Q4 2012 | 2012-12-31 | −$84.2M | −$568.0M | — |
| Q3 2012 | 2012-09-30 | $189.0M | −$200.8M | −51.51% |
| Q2 2012 | 2012-06-30 | $414.2M | $109.7M | +36.03% |
| Q1 2012 | 2012-03-31 | $422.1M | −$92.6M | −17.99% |
| Q4 2011 | 2011-12-31 | $483.8M | −$96.2M | −16.59% |
| Q3 2011 | 2011-09-30 | $389.8M | −$76.5M | −16.41% |
| Q2 2011 | 2011-06-30 | $304.5M | −$316.0M | −50.93% |
| Q1 2011 | 2011-03-31 | $514.7M | −$110.8M | −17.71% |
| Q4 2010 | 2010-12-31 | $580.0M | −$139.8M | −19.42% |
| Q3 2010 | 2010-09-30 | $466.3M | −$392.0M | −45.67% |
| Q2 2010 | 2010-06-30 | $620.5M | −$107.1M | −14.72% |
| Q1 2010 | 2010-03-31 | $625.5M | — | — |
| Q4 2009 | 2009-12-31 | $719.8M | $111.0M | +18.23% |
| Q3 2009 | 2009-09-30 | $858.3M | — | — |
| Q2 2009 | 2009-06-30 | $727.6M | — | — |
| Q4 2008 | 2008-12-31 | $608.8M | — | — |
Moodys net debt trends
Over the last five fiscal years, Moodys's net debt increased from $4.35B to $4.97B, a change of $621.0M. The latest reported quarter, Q2 2026, shows $6.05B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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