Moody's (MCO) 10-K Summary — Year Ended Dec 31, 2024
Moody's Corporation filed its annual report covering operations through the end of the reporting period. The filing describes the company's business, risk factors, financial results, and liquidity position.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Moody's Corporation filed its annual report covering operations through the end of the reporting period. The filing describes the company's business, risk factors, financial results, and liquidity position.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.1B
Revenue reported for the fiscal year.
Operating income
$2.9B
Income from operations reported for the year.
Net income
$2.1B
Net income reported for the year.
Operating cash flow
$2.8B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $6.2B | n/a |
| Dec 31, 2022 | $5.5B | -12.1% |
| Dec 31, 2023 | $5.9B | +8.2% |
| Dec 31, 2024 | $7.1B | +19.8% |
Business overview
Moody's provides credit ratings, research, and risk analysis services globally. The company operates in a regulated environment and competes with other rating agencies and financial data providers. Its strategy focuses on growth prospects, sustainability, and climate-related offerings.
Financial performance
Annual revenue increased compared to the prior period, while operating income and net income also showed growth. Operating cash flow was positive and supported the company's financial position.
Material risks
Risks include regulatory and competitive pressures, reliance on intellectual property, and potential impacts from climate and sustainability factors. The filing also notes contingencies and forward-looking uncertainties inherent in the business.
Liquidity and capital
The company discusses liquidity and capital resources, indicating that operating cash flow supports its capital allocation. No specific changes in dividend or share repurchase programs were detailed beyond the standard review.
What to watch
Readers should monitor any updates on contingencies or legal proceedings disclosed in future filings.