Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities. This segment provides ratings in approximately 140 countries. Its ratings are disseminated through press releases to the public through electronic media, including the internet and real-time information systems used by securities traders and investors. This segment has rated approximately 5,000 non-financial corporates; 3,600 financial institutions; 16,000 public finance issuers; 145 sovereigns; 47 supranational institutions; 459 sub-sovereigns; and 1,000 infrastructure and project finance issuers, as well as 9,100 structured finance deals. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets; and offers subscription based research, data, and analytical products comprising credit ratings, credit research, quantitative credit scores and other analytical tools, economic research and forecasts, business intelligence and company information products, commercial real estate data and analytical tools, and on-line and classroom-based training services, as well as credentialing and certification services. It also offers offshore analytical and research services with learning solutions and certification programs; and software solutions, as well as related risk management services. The company was formerly known as Dun and Bradstreet Company and changed its name to Moody's Corporation in September 2000. Moody's Corporation was founded in 1900 and is headquartered in New York, New York.

Moody's Corporation

Revenue

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Operating

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Depreciation and Amortization

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Loss on Sale of Building

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Settlement Charge

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Restructuring

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Loss Pursuant to the Divestiture of MAKS

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Charges Related to Asset Abandonment

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Operating Income

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Interest Expense, Net

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Other Non-Operating Expense, Net

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Purchase Price Hedge Gain

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Total Non-Operating Expense, Net

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Net Income

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Less: Net Income Attributable to Noncontrolling Interests

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Net Income Attributable to Moody's

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Basic

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Diluted

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Total Revenues

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Gross Profit

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Consolidated Net Income

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Assets

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	7,501	7,088	5,916	5,468	6,218	5,371	4,829	4,443	4,204	3,604.2	3,484.5
Total Revenues %Chg	8.8%	19.8%	8.2%	-12.1%	15.8%	11.2%	8.7%	5.7%	16.6%	3.4%	4.5%
Revenue
Gross Profit	7,501	7,088	5,916	5,468	6,218	5,371	4,829	4,443	4,204	3,604.2	3,484.5
Gross Profit Margin	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
Selling, General & Administrative Expenses	1,777	1,735	1,632	1,527	1,480	1,229	1,167	1,080	986	931.2	921.3
Selling, General and Administrative
Depreciation & Amortization Expenses	469	431	373	331	257	220	200	192	158	126.7	113.5
Depreciation and Amortization
Other Operating Expenses	2,113	2,047	1,774	1,727	1,637	1,534	1,464	1,303	1,239	1,895.4	976.3
Operating
Goodwill Impairment Charge
Settlement Charge
Restructuring
Loss Pursuant to the Divestiture of MAKS
Charges Related to Asset Abandonment
Acquisition-Related Expenses
Operating Profit	3,142	2,875	2,137	1,883	2,844	2,388	1,998	1,868	1,821	650.9	1,473.4
Operating Income
Operating Margin	41.9%	40.6%	36.1%	34.4%	45.7%	44.5%	41.4%	42%	43.3%	18.1%	42.3%
Interest Expense	-232	-237	-251	-231	-171	-205	-208	-215	-209	-157.3	-115.1
Interest Expense, Net
Non-Operating Income	58	61	49	108	82	46	20	19	175	64.4	21.3
Other Non-Operating Expense, Net
ICRA Gain
Loss on Sale of Building
Purchase Price Hedge Gain
CCXI Gain
Gain on Extinguishment of Debt
Total Non-Operating Income	-174	-176	-202	-123	-89	-159	-188	-196	-34	-92.9	-93.8
Income Before Provision for Income Taxes	2,968	2,699	1,935	1,760	2,755	2,229	1,810	1,672	1,787	558	1,379.6
Income Before Provision for Income Taxes
Provision for Income Taxes	722	640	327	386	541	452	381	352	779	282.2	430
Provision for Income Taxes
Consolidated Net Income	2,246	2,059	1,608	1,374	2,214	1,777	1,429	1,320	1,008	275.8	949.6
Net Income
Net Income Attributable to Minority Interests and Other	—	1	1	—	—	-1	7	10	7	9.2	8.3
Less: Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	2,244	2,058	1,607	1,374	2,214	1,778	1,422	1,310	1,001	266.6	941.3
Net Income Attributable to Moody's
Basic EPS	12.5	11.3	8.8	7.5	11.9	9.5	7.5	6.8	5.2	1.4	4.7
Diluted EPS	12.4	11.3	8.7	7.4	11.8	9.4	7.4	6.7	5.2	1.4	4.6
Basic Weighted Average Shares Outstanding	179.9	181.8	183.2	183.9	186.4	187.6	189.3	191.6	191.1	192.7	200.1
Total Shares Outstanding	178.4	180.3	182.5	183.2	185.6	187.3	187.7	191.2	191	190.7	196.1
Diluted Weighted Average Shares Outstanding	180.6	182.7	184	184.7	187.9	189.3	191.6	194.4	194.2	195.4	203.4
EBITDA	3,611	3,306	2,510	2,214	3,101	2,608	2,198	2,060	1,979	777.6	1,586.9
Effective Tax Rate	24.3%	23.7%	16.9%	21.9%	19.6%	20.3%	21%	21.1%	43.6%	50.6%	31.2%