MOODYS CORP /DE/ (MCO) closed fiscal year 2025 with a gross margin of 74.4 % and a net margin of 31.9 %.
MOODYS CORP /DE/ (MCO) closed fiscal year 2025 with a gross margin of 74.4 % and a net margin of 31.9 %. The same year shows an EBITDA margin of 49.6 % and an EBIT margin of 43.4 %. The free cash flow margin was 33.4 %. Against the previous year the gross margin moved +1.9 pp and the net margin +2.8 pp. Across the period the gross margin ranges between 70.5 % in 2022 and 74.4 % in 2025. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | 71.08 % | 71.96 % | 71.28 % | 72.54 % | 73.67 % | 70.50 % | 71.48 % | 72.56 % | 74.44 % |
| EBITDA margin (%) | 51.97 % | 46.90 % | 41.82 % | 41.29 % | 42.43 % | 42.89 % | 44.68 % | 46.03 % | 45.54 % | 21.57 % | 47.07 % | 46.37 % | 45.52 % | 48.56 % | 49.87 % | 40.49 % | 42.43 % | 46.64 % | 49.64 % |
| EBIT margin (%) | 50.07 % | 42.62 % | 38.25 % | 38.03 % | 38.95 % | 39.46 % | 41.53 % | 43.16 % | 42.28 % | 18.06 % | 43.31 % | 42.04 % | 41.38 % | 44.46 % | 45.74 % | 34.44 % | 36.12 % | 40.56 % | 43.42 % |
| Net margin (%) | 31.05 % | 26.07 % | 22.37 % | 24.99 % | 25.05 % | 25.27 % | 27.06 % | 29.65 % | 27.01 % | 7.40 % | 23.81 % | 29.48 % | 29.45 % | 33.10 % | 35.61 % | 25.13 % | 27.16 % | 29.03 % | 31.86 % |
| FCF margin (%) | 35.70 % | 25.94 % | 30.78 % | 28.26 % | 32.25 % | 28.50 % | 29.76 % | 28.31 % | 31.83 % | 31.74 % | 15.79 % | 30.84 % | 33.26 % | 38.04 % | 30.01 % | 21.78 % | 31.78 % | 35.57 % | 33.36 % |
