Moody's (MCO) FY2024 results: revenue $7.1 billion, up 19.8% on the year
Moody's Corp. (MCO) reported revenue of $7.1 billion for fiscal 2024, the year ended 31 December 2024, up 19.8% on the year before. Net income was $2.1 billion, up 28.1%, and diluted earnings per share $11.26. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2025.
Revenue
$7.1 billion
+19.8% on the year
FY2017FY2024
Operating margin
40.6%
36.1% a year earlier
FY2017FY2024
Net income
$2.1 billion
+28.1% on the year
FY2017FY2024
Diluted EPS
$11.26
+29.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,838
2,151
1,474
+31.9%
Capital expenditure
317
271
283
+17.0%
Free cash flow
2,521
1,880
1,191
+34.1%
Free cash flow margin
35.6%
31.8%
21.8%
Cash from investing
-1,056
-247
-262
Cash from financing
-1,446
-1,584
-1,208
Depreciation and amortisation
431
373
331
+15.5%
Share-based compensation
220
193
169
+14.0%
Buybacks
1,292
490
983
+163.7%
Dividends paid
620
564
515
+9.9%
Dividend per share
$3.40
$3.08
$2.80
+10.4%
Diluted shares, weighted
183m
184m
185m
-0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,565
3,318
2,519
+7.4%
Non-controlling interest
162
158
170
+2.5%
Debt
7,428
7,001
7,389
+6.1%
Operating lease liabilities
216
306
368
-29.4%
Other liabilities
4,134
3,839
3,903
+7.7%
Total liabilities and equity
15,505
14,622
14,349
+6.0%
Fixed assets
656
603
502
+8.8%
Goodwill
5,994
5,956
5,839
+0.6%
Intangible assets
1,890
2,049
2,210
-7.8%
Investments
664
163
177
+307.4%
Cash and equivalents
2,408
2,130
1,769
+13.1%
Receivables
1,801
1,659
1,652
+8.6%
Other assets
2,092
2,062
2,200
+1.5%
Total assets
15,505
14,622
14,349
+6.0%
10-K for the year ended 31 December 2024, filed 14 February 2025: the filing.