FINHUB Insights

MCO · Q3 FY25 · Jul 1 – Sep 30, 2025

Moody's Q3 FY25: where the revenue came from and where it went

Moody's Q3 FY25: revenue $2B (+11% year over year). Net profit $0.6B. Largest cohort Recurring Revenue $1.2B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 23, 2025 10-Q
Sankey diagram of Moody's's income statement for Q3 FY25: revenue of $2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2B +11% year over year
Gross profit$1.5B 75% margin
Operating profit$0.9B 46% margin
Net profit$0.6B 32% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 2 100% +11%
Recurring Revenue 1.2 60% +10%
Transaction Revenue 0.8 40% +12%
Cost of revenue−0.525%
Gross profit1.575% margin+4pp
SG&A−0.523%−1pp
Other−0.17%+0pp
Operating profit0.946% margin+5pp
Tax−0.2
Interest & other costs−0.1
Net profit0.632%+3pp
Filing on EDGAR More quarters of MCO

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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