Moodys (MCO) Free Cash Flow (2009 - 2026)
Moodys (MCO) posted Free Cash Flow of $668 million for Q3 2026, up 1.5% from $658 million a year earlier but down 2.9% from the prior quarter.
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Analysis
Moodys (MCO) Free Cash Flow (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Free Cash Flow at Moodys was $2.98 billion, up 24.1% year-over-year; for FY2025, it was $2.58 billion, up 2.1% from FY2024.
- Annual Free Cash Flow has increased for three consecutive years, with a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- In prior years, Moodys' Free Cash Flow was $2.52 billion in FY2024 (+34.1%), $1.88 billion in FY2023 (+57.9%), $1.19 billion in FY2022 (-36.2%) and $1.87 billion in FY2021 (-8.7%).
- Quarterly Free Cash Flow has run from a low of $217 million in Q2 2022 to a high of $844 million in Q1 2026 over five years.
- On a year-over-year basis, Free Cash Flow has increased in each of the last five quarters, with growth averaging 16.5% over the last eight quarters.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q2 2023, with growth of 153.5%; the weakest was Q4 2021, with a decline of 62.9%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $688 million (Q2 2026), $844 million (Q1 2026) and $777 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn | 422.70 Mn |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn | 1.16 Bn |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn | 668.00 Mn |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn | 200.00 Mn |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn | 436.90 Mn |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - | 362.60 Mn |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn | 177.31 Mn |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn | 155.40 Mn |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - | 4.87 Bn |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 1.07 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 668.00 Mn |
| Jun 30, 2026 | 688.00 Mn |
| Mar 31, 2026 | 844.00 Mn |
| Dec 31, 2025 | 777.00 Mn |
| Sep 30, 2025 | 658.00 Mn |
| Jun 30, 2025 | 468.00 Mn |
| Mar 31, 2025 | 672.00 Mn |
| Dec 31, 2024 | 600.00 Mn |
| Sep 30, 2024 | 631.00 Mn |
| Jun 30, 2024 | 593.00 Mn |
| Mar 31, 2024 | 697.00 Mn |
| Dec 31, 2023 | 404.00 Mn |
| Sep 30, 2023 | 391.00 Mn |
| Jun 30, 2023 | 550.00 Mn |
| Mar 31, 2023 | 535.00 Mn |
| Dec 31, 2022 | 298.00 Mn |
| Sep 30, 2022 | 265.00 Mn |
| Jun 30, 2022 | 217.00 Mn |
| Mar 31, 2022 | 411.00 Mn |
| Dec 31, 2021 | 237.00 Mn |
API Access
Moodys Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "MCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=MCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();