Short answer
Moody's Corporation (MCO) filed its Q3 2025 10-Q quarterly report on Oct 23, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $2.0B (up 10.7% year over year) with net income of $646M.
Q3 2025 key financials · XBRL
- Revenue
- $2.0B
- +10.7% YoY · +5.7% QoQ
- Net income
- $646M
- +21.0% YoY · +11.8% QoQ
- Operating margin
- 45.7%
- EPS (diluted)
- $3.60
- +22.9% YoY · +12.5% QoQ
Source: XBRL data from the Moody's Corporation (MCO) Q3 2025 10-Q on SEC EDGAR. USD.
Moody's Corporation Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $2.01B, up 11% YoY from $1.81B; MA revenue up 9%, MIS revenue up 12%
- Operating margin 45.7% vs 40.7% YoY (+500 bps); Adjusted Operating Margin 52.9% vs 47.8% YoY (+510 bps)
- Best segment: MIS revenue up $116M (12%) with adjusted operating margin 65.2% vs 59.6% (+560 bps); Worst segment: Transaction revenue in MA Decision Solutions down 11%
- Operating cash flow $2.04B, down $121M YoY; Free cash flow $1.80B, down $123M YoY; increased cash used in financing by $1.64B due to debt repayment and share repurchases
- Management expects positive operating cash flow in next 12 months; ongoing restructuring costs $85-$115M through 2027; noted risks include economic conditions, geopolitical events, competition, regulation, and cyber threats
Risk Factors
- No new risk factors added this quarter; risks unchanged from 2024 10-K
- Most material risks carried forward include economic uncertainty and credit market volatility
- Regulatory risk ongoing from changes in global credit rating agency regulations and oversight
- Operational risk linked to maintaining data security and evolving technology infrastructure
- Financial risk focused on liquidity management amid potential market disruptions and debt obligations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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