Moody's operating income 1998–2026
Moody's's operating income in Q3 FY2026, the three months to 30 September 2026, was 906.00M USD, down 1.2% on the same quarter a year before. Moody's's operating income over the last twelve months was 3.67B USD, up 12.4% on the twelve months before. In fiscal year 2025 it was 3.46B USD, up 16.3% on the year before.
Last updated 6 Nov 2026 · Next report 17 Feb 2027
Operating income
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 3.67B | +12.44% | 44.88% | 5.98B | 73.10% | 3.85B |
| FY2025 | 31 Dec 2025 | 3.46B | +16.29% | 44.77% | 5.26B | 68.15% | 3.94B |
| FY2024 | 31 Dec 2024 | 2.97B | +33.77% | 41.92% | 4.71B | 66.41% | 3.33B |
| FY2023 | 31 Dec 2023 | 2.22B | +11.22% | 37.54% | 3.85B | 65.15% | 2.52B |
| FY2022 | 31 Dec 2022 | 2.00B | -29.78% | 36.52% | 3.52B | 64.45% | 2.31B |
| FY2021 | 31 Dec 2021 | 2.84B | +16.22% | 45.74% | 4.32B | 69.54% | 3.26B |
| FY2020 | 31 Dec 2020 | 2.45B | +17.93% | 45.56% | 3.68B | 68.44% | 2.68B |
| FY2019 | 31 Dec 2019 | 2.08B | +7.78% | 42.97% | 3.24B | 67.14% | 2.24B |
| FY2018 | 31 Dec 2018 | 1.93B | +4.44% | 43.33% | 3.06B | 68.80% | 2.08B |
| FY2017 | 31 Dec 2017 | 1.84B | +21.71% | 43.85% | 2.87B | 68.30% | 2.16B |
| FY2016 | 31 Dec 2016 | 1.51B | +2.79% | 42.02% | 2.49B | 69.11% | 837.00M |
| FY2015 | 31 Dec 2015 | 1.47B | +2.01% | 42.28% | 2.42B | 69.56% | 1.63B |
| FY2014 | 31 Dec 2014 | 1.44B | +16.25% | 43.32% | 2.35B | 70.37% | 1.69B |
| FY2013 | 31 Dec 2013 | 1.24B | +14.02% | 41.80% | 2.08B | 69.96% | 1.36B |
| FY2012 | 31 Dec 2012 | 1.09B | +22.59% | 39.91% | 1.86B | 68.05% | 1.19B |
| FY2011 | 31 Dec 2011 | 888.90M | +14.86% | 38.97% | 1.55B | 67.87% | 982.50M |
| FY2010 | 31 Dec 2010 | 773.90M | +10.07% | 38.09% | 1.38B | 68.02% | 828.30M |
| FY2009 | 31 Dec 2009 | 703.10M | -5.71% | 39.12% | 1.20B | 66.70% | 751.70M |
| FY2008 | 31 Dec 2008 | 745.70M | -36.86% | 42.48% | 1.19B | 67.62% | 863.80M |
| FY2007 | 31 Dec 2007 | 1.18B | +7.47% | 52.28% | 1.63B | 72.25% | 1.20B |
| FY2006 | 31 Dec 2006 | 1.10B | +16.95% | 53.94% | 1.46B | 71.58% | 1.32B |
| FY2005 | 31 Dec 2005 | 939.60M | +19.48% | 54.26% | 1.24B | 71.81% | 990.90M |
| FY2004 | 31 Dec 2004 | 786.40M | +18.59% | 54.68% | 1.03B | 71.53% | 828.40M |
| FY2003 | 31 Dec 2003 | 663.10M | +23.23% | 53.19% | 899.30M | 72.14% | 695.70M |
| FY2002 | 31 Dec 2002 | 538.10M | +35.03% | 52.58% | 738.00M | 72.12% | 562.70M |
| FY2001 | 31 Dec 2001 | 398.50M | +38.13% | 50.02% | 557.10M | 69.93% | 415.50M |
| FY2000 | 31 Dec 2000 | 288.50M | -39.91% | 47.90% | 412.70M | 68.52% | 305.10M |
| FY1999 | 31 Dec 1999 | 480.10M | +7.00% | 24.35% | 1.41B | 71.62% | 283.40M |
| FY1998 | 31 Dec 1998 | 448.70M | — | 23.19% | 1.37B | 70.63% | 240.90M |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 906.00M | -1.20% | 44.78% | 1.50B | 74.10% | 914.00M |
| Q2 FY2026 | 30 Jun 2026 | 1.05B | +24.08% | 47.87% | 1.67B | 76.29% | 989.00M |
| Q1 FY2026 | 31 Mar 2026 | 922.00M | +4.54% | 44.35% | 1.55B | 74.46% | 1.03B |
| Q4 FY2025 | 31 Dec 2025 | 795.00M | +28.02% | 42.09% | 1.26B | 66.86% | 919.00M |
| Q3 FY2025 | 30 Sept 2025 | 917.00M | +20.82% | 45.69% | 1.39B | 69.36% | 1.06B |
| Q2 FY2025 | 30 Jun 2025 | 843.00M | +6.57% | 44.42% | 1.28B | 67.65% | 939.00M |
| Q1 FY2025 | 31 Mar 2025 | 882.00M | +9.98% | 45.84% | 1.32B | 68.71% | 971.00M |
| Q4 FY2024 | 31 Dec 2024 | 621.00M | +16.29% | 37.14% | 1.06B | 63.52% | 665.00M |
| Q3 FY2024 | 30 Sept 2024 | 759.00M | +35.05% | 41.86% | 1.19B | 65.75% | 865.00M |
| Q2 FY2024 | 30 Jun 2024 | 791.00M | +41.25% | 43.53% | 1.24B | 68.08% | 879.00M |
| Q1 FY2024 | 31 Mar 2024 | 802.00M | +41.20% | 44.90% | 1.22B | 68.09% | 901.00M |
| Q4 FY2023 | 31 Dec 2023 | 534.00M | +37.63% | 36.08% | 962.00M | 65.00% | 598.00M |
| Q3 FY2023 | 30 Sept 2023 | 562.00M | +35.75% | 38.18% | 965.00M | 65.56% | 632.00M |
| Q2 FY2023 | 30 Jun 2023 | 560.00M | +3.90% | 37.48% | 975.00M | 65.26% | 639.00M |
| Q1 FY2023 | 31 Mar 2023 | 568.00M | -13.41% | 38.64% | 954.00M | 64.90% | 598.00M |
| Q4 FY2022 | 31 Dec 2022 | 388.00M | -24.22% | 30.08% | 791.00M | 61.32% | 480.00M |
| Q3 FY2022 | 30 Sept 2022 | 414.00M | -38.76% | 32.47% | 799.00M | 62.67% | 456.00M |
| Q2 FY2022 | 30 Jun 2022 | 539.00M | -32.71% | 39.03% | 907.00M | 65.68% | 522.00M |
| Q1 FY2022 | 31 Mar 2022 | 656.00M | -23.27% | 43.10% | 1.03B | 67.48% | 688.00M |
| Q4 FY2021 | 31 Dec 2021 | 512.00M | +8.02% | 33.27% | 977.00M | 63.48% | 689.00M |
| Q3 FY2021 | 30 Sept 2021 | 676.00M | +1.65% | 44.30% | 1.07B | 70.18% | 733.00M |
| Q2 FY2021 | 30 Jun 2021 | 801.00M | +13.14% | 51.58% | 1.13B | 72.63% | 865.00M |
| Q1 FY2021 | 31 Mar 2021 | 855.00M | +42.50% | 53.44% | 1.15B | 71.75% | 960.00M |
| Q4 FY2020 | 31 Dec 2020 | 474.00M | -6.88% | 36.74% | 824.00M | 63.88% | 595.00M |
| Q3 FY2020 | 30 Sept 2020 | 665.00M | +20.95% | 49.04% | 936.00M | 69.03% | 703.00M |
| Q2 FY2020 | 30 Jun 2020 | 708.00M | +29.20% | 49.34% | 1.02B | 70.73% | 717.00M |
| Q1 FY2020 | 31 Mar 2020 | 600.00M | +28.04% | 46.51% | 901.00M | 69.84% | 607.00M |
| Q4 FY2019 | 31 Dec 2019 | 509.00M | +18.51% | 41.28% | 828.00M | 67.15% | 569.00M |
| Q3 FY2019 | 30 Sept 2019 | 549.80M | +17.45% | 44.32% | 841.70M | 67.85% | 621.60M |
| Q2 FY2019 | 30 Jun 2019 | 548.00M | +2.24% | 45.15% | 822.70M | 67.79% | 546.70M |
| Q1 FY2019 | 31 Mar 2019 | 468.60M | -4.68% | 41.03% | 750.10M | 65.68% | 516.30M |
| Q4 FY2018 | 31 Dec 2018 | 429.50M | -8.87% | 40.52% | 707.70M | 66.76% | 437.40M |
| Q3 FY2018 | 30 Sept 2018 | 468.10M | +2.07% | 43.31% | 728.40M | 67.39% | 504.50M |
| Q2 FY2018 | 30 Jun 2018 | 536.00M | +14.85% | 45.61% | 806.50M | 68.63% | 592.70M |
| Q1 FY2018 | 31 Mar 2018 | 491.60M | +10.87% | 43.63% | 762.70M | 67.69% | 541.10M |
| Q4 FY2017 | 31 Dec 2017 | 471.30M | +20.63% | 40.44% | 774.70M | 66.47% | 516.50M |
| Q3 FY2017 | 30 Sept 2017 | 458.60M | +12.98% | 43.15% | 704.30M | 66.26% | 562.40M |
| Q2 FY2017 | 30 Jun 2017 | 466.70M | +13.77% | 46.65% | 682.80M | 68.25% | 547.20M |
| Q1 FY2017 | 31 Mar 2017 | 443.40M | +45.81% | 45.47% | 665.30M | 68.22% | 530.50M |
| Q4 FY2016 | 31 Dec 2016 | 390.70M | +17.29% | 41.47% | 643.90M | 68.35% | -394.30M |
| Q3 FY2016 | 30 Sept 2016 | 405.90M | +16.07% | 44.26% | 631.20M | 68.83% | 440.00M |
| Q2 FY2016 | 30 Jun 2016 | 410.20M | -2.17% | 44.16% | 670.00M | 72.13% | 441.40M |
| Q1 FY2016 | 31 Mar 2016 | 304.10M | -18.10% | 37.26% | 566.90M | 69.46% | 334.30M |
| Q4 FY2015 | 31 Dec 2015 | 333.10M | -3.37% | 38.47% | 614.00M | 70.91% | 362.40M |
| Q3 FY2015 | 30 Sept 2015 | 349.70M | 0.00% | 41.89% | 598.80M | 71.72% | 378.00M |
| Q2 FY2015 | 30 Jun 2015 | 419.30M | +1.85% | 45.67% | 674.20M | 73.43% | 447.20M |
| Q1 FY2015 | 31 Mar 2015 | 371.30M | +11.50% | 42.90% | 621.20M | 71.77% | 399.90M |
| Q4 FY2014 | 31 Dec 2014 | 344.70M | +10.52% | 39.28% | 622.00M | 70.88% | 373.00M |
| Q3 FY2014 | 30 Sept 2014 | 349.70M | +19.97% | 42.85% | 579.40M | 71.00% | 372.90M |
| Q2 FY2014 | 30 Jun 2014 | 411.70M | +17.36% | 47.13% | 651.40M | 74.57% | 434.00M |
| Q1 FY2014 | 31 Mar 2014 | 333.00M | +18.76% | 43.40% | 551.20M | 71.85% | 355.90M |
| Q4 FY2013 | 31 Dec 2013 | 311.90M | +19.87% | 40.03% | 558.20M | 71.64% | 337.10M |
| Q3 FY2013 | 30 Sept 2013 | 291.50M | +8.08% | 41.32% | 502.00M | 71.16% | 314.90M |
| Q2 FY2013 | 30 Jun 2013 | 350.80M | +25.96% | 46.40% | 558.90M | 73.93% | 382.80M |
| Q1 FY2013 | 31 Mar 2013 | 280.40M | +4.24% | 38.32% | 531.00M | 72.56% | 314.00M |
| Q4 FY2012 | 31 Dec 2012 | 260.20M | +51.19% | 34.50% | 532.60M | 70.62% | 277.10M |
| Q3 FY2012 | 30 Sept 2012 | 269.70M | +37.53% | 39.17% | 481.20M | 69.89% | 305.00M |
| Q2 FY2012 | 30 Jun 2012 | 278.50M | +3.11% | 43.46% | 460.20M | 71.82% | 304.50M |
| Q1 FY2012 | 31 Mar 2012 | 269.00M | +7.56% | 41.59% | 461.30M | 71.32% | 293.70M |
| Q4 FY2011 | 31 Dec 2011 | 172.10M | -12.46% | 30.35% | 385.90M | 68.05% | 194.60M |
| Q3 FY2011 | 30 Sept 2011 | 196.10M | +3.81% | 36.91% | 360.30M | 67.81% | 219.20M |
| Q2 FY2011 | 30 Jun 2011 | 270.10M | +41.78% | 44.63% | 434.70M | 71.83% | 302.30M |
| Q1 FY2011 | 31 Mar 2011 | 250.10M | +27.08% | 43.34% | 416.30M | 72.14% | 272.10M |
| Q4 FY2010 | 31 Dec 2010 | 196.60M | +9.89% | 34.84% | 383.40M | 67.94% | 208.40M |
| Q3 FY2010 | 30 Sept 2010 | 188.90M | +9.51% | 36.80% | 359.60M | 70.06% | 213.10M |
| Q2 FY2010 | 30 Jun 2010 | 190.50M | +1.76% | 39.87% | 343.50M | 71.89% | 209.90M |
| Q1 FY2010 | 31 Mar 2010 | 196.80M | +32.17% | 41.29% | 340.70M | 71.49% | 212.60M |
| Q4 FY2009 | 31 Dec 2009 | 178.90M | +42.66% | 36.83% | 338.90M | 69.76% | 198.90M |
| Q3 FY2009 | 30 Sept 2009 | 172.50M | -9.11% | 38.18% | 316.70M | 70.10% | 191.00M |
| Q2 FY2009 | 30 Jun 2009 | 187.20M | -19.90% | 41.54% | 322.70M | 71.60% | 208.90M |
| Q1 FY2009 | 31 Mar 2009 | 148.90M | -25.29% | 36.41% | 286.50M | 70.07% | 168.70M |
| Q4 FY2008 | 31 Dec 2008 | 125.40M | -40.88% | 31.06% | 598.10M | 148.15% | 156.80M |
| Q3 FY2008 | 30 Sept 2008 | 189.80M | -24.23% | 43.79% | 202.60M | 46.75% | 202.60M |
| Q2 FY2008 | 30 Jun 2008 | 233.70M | -35.74% | 47.93% | 250.30M | 51.33% | 258.60M |
| Q1 FY2008 | 31 Mar 2008 | 199.30M | -34.59% | 46.27% | 211.10M | 49.01% | 227.70M |
| Q4 FY2007 | 31 Dec 2007 | 212.10M | -54.22% | 42.01% | 725.10M | 143.61% | 274.00M |
| Q3 FY2007 | 30 Sept 2007 | 250.50M | -6.81% | 47.71% | 262.10M | 49.92% | 262.10M |
| Q2 FY2007 | 30 Jun 2007 | 363.70M | +25.80% | 56.29% | 372.80M | 57.70% | 372.80M |
| Q1 FY2007 | 31 Mar 2007 | 304.70M | +27.86% | 52.26% | 315.00M | 54.03% | 315.00M |
| Q4 FY2006 | 31 Dec 2006 | 463.30M | +91.13% | 78.53% | 673.00M | 114.07% | 474.30M |
| Q3 FY2006 | 30 Sept 2006 | 268.80M | +15.91% | 54.25% | 278.60M | 56.23% | 278.60M |
| Q2 FY2006 | 30 Jun 2006 | 289.10M | +14.36% | 56.53% | 298.40M | 58.35% | 298.40M |
| Q1 FY2006 | 31 Mar 2006 | 238.30M | +12.14% | 54.13% | 440.20M | 100.00% | 247.70M |
| Q4 FY2005 | 31 Dec 2005 | 242.40M | +17.56% | 51.23% | 375.00M | 79.25% | 251.50M |
| Q3 FY2005 | 30 Sept 2005 | 231.90M | +17.24% | 55.07% | 421.10M | 100.00% | 240.70M |
| Q2 FY2005 | 30 Jun 2005 | 252.80M | +26.72% | 56.58% | 261.50M | 58.53% | 261.50M |
| Q1 FY2005 | 31 Mar 2005 | 212.50M | +16.18% | 54.42% | 221.10M | 56.62% | 221.10M |
| Q4 FY2004 | 31 Dec 2004 | 206.20M | +17.09% | 52.66% | 16.20M | 4.14% | 215.00M |
| Q3 FY2004 | 30 Sept 2004 | 197.80M | +22.70% | 55.27% | 357.90M | 100.00% | 206.10M |
| Q2 FY2004 | 30 Jun 2004 | 199.50M | +12.90% | 55.79% | 357.60M | 100.00% | 208.20M |
| Q1 FY2004 | 31 Mar 2004 | 182.90M | +22.67% | 55.22% | 331.20M | 100.00% | 191.20M |
| Q4 FY2003 | 31 Dec 2003 | 176.10M | +36.51% | 50.21% | 3.40M | 0.97% | 184.90M |
| Q3 FY2003 | 30 Sept 2003 | 161.20M | +26.53% | 52.85% | 305.00M | 100.00% | 169.30M |
| Q2 FY2003 | 30 Jun 2003 | 176.70M | +20.20% | 56.51% | 312.70M | 100.00% | 184.60M |
| Q1 FY2003 | 31 Mar 2003 | 149.10M | +10.69% | 53.59% | 278.20M | 100.00% | 156.90M |
| Q4 FY2002 | 31 Dec 2002 | 129.00M | +16.22% | 47.44% | -13.40M | -4.93% | 136.20M |
| Q3 FY2002 | 30 Sept 2002 | 127.40M | +35.97% | 51.31% | 248.30M | 100.00% | 134.50M |
| Q2 FY2002 | 30 Jun 2002 | 147.00M | +41.35% | 54.14% | 271.50M | 100.00% | 153.20M |
| Q1 FY2002 | 31 Mar 2002 | 134.70M | +50.00% | 58.16% | 231.60M | 100.00% | 138.80M |
| Q4 FY2001 | 31 Dec 2001 | 111.00M | +44.16% | 50.25% | 220.90M | 100.00% | 115.50M |
| Q3 FY2001 | 30 Sept 2001 | 93.70M | +28.53% | 49.21% | 190.40M | 100.00% | 98.10M |
| Q2 FY2001 | 30 Jun 2001 | 104.00M | +115.77% | 50.68% | 205.20M | 100.00% | 108.00M |
| Q1 FY2001 | 31 Mar 2001 | 89.80M | -25.04% | 49.83% | 180.20M | 100.00% | 93.90M |
| Q4 FY2000 | 31 Dec 2000 | 77.00M | -48.15% | 47.80% | 161.10M | 100.00% | 80.80M |
| Q3 FY2000 | 30 Sept 2000 | 72.90M | -34.62% | 47.80% | 152.50M | 100.00% | 77.40M |
| Q2 FY2000 | 30 Jun 2000 | 48.20M | -58.27% | 13.86% | 214.90M | 61.79% | 79.10M |
| Q1 FY2000 | 31 Mar 2000 | 119.80M | +14.53% | 24.17% | 348.90M | 70.39% | 67.80M |
| Q4 FY1999 | 31 Dec 1999 | 148.50M | +1.50% | 29.12% | 377.40M | 74.01% | 184.30M |
| Q3 FY1999 | 30 Sept 1999 | 111.50M | +8.15% | 23.54% | 344.60M | 72.75% | 69.70M |
| Q2 FY1999 | 30 Jun 1999 | 115.50M | +8.96% | 23.23% | 345.50M | 69.48% | 74.30M |
| Q1 FY1999 | 31 Mar 1999 | 104.60M | — | 21.31% | 344.80M | 70.24% | 140.00M |
| Q4 FY1998 | 31 Dec 1998 | 146.30M | — | 28.15% | 371.50M | 71.47% | 182.70M |
| Q3 FY1998 | 30 Sept 1998 | 103.10M | — | 22.43% | 329.40M | 71.67% | 137.40M |
| Q2 FY1998 | 30 Jun 1998 | 106.00M | — | 21.90% | 338.40M | 69.92% | 141.40M |
| Q1 FY1998 | 31 Mar 1998 | — | — | — | — | — | — |
Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about Moody's's operating income
Source: Financial Modeling Prep
