FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8Y

Three-Statement Breakdown

MCO
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 2.1% to $2.6B — the highest of its last 8 readings, and covered net income 1.05×.

CASH FROM OPS +2.2%
2,901 37.6% MGN
CAPITAL EXPENDITURE +2.8%
326
FREE CASH FLOW +2.1%
2,575
FCF / NET INCOME -14.5%
1.05× TARGET >1.0×
Cash flow FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YoY TTM 8Q
Net income
1,310 1,422 1,778 2,214 1,374 1,607 2,058 2,459 +19.5% 2,795 2024-09-30 · $534.0M2024-12-31 · $395.0M2025-03-31 · $625.0M2025-06-30 · $578.0M2025-09-30 · $646.0M2025-12-31 · $610.0M2026-03-31 · $661.0M2026-06-30 · $878.0M
Depreciation & amortization
192 200 220 257 331 373 431 480 +11.4% 495
Stock-based comp
130 136 154 175 169 193 220 232 +5.5% 232
Cash from operations
1,461 1,675 2,146 2,005 1,474 2,151 2,838 2,901 +2.2% 3,319 2024-09-30 · $703.0M2024-12-31 · $674.0M2025-03-31 · $757.0M2025-06-30 · $543.0M2025-09-30 · $743.0M2025-12-31 · $858.0M2026-03-31 · $939.0M2026-06-30 · $779.0M
Cash conversion
1.12× 1.18× 1.21× 0.91× 1.07× 1.34× 1.38× 1.18× -14.4% 1.19×
Capital expenditures
(91) (69) (103) (139) (283) (271) (317) (326) +2.8% (352)
Free cash flow
1,370 1,606 2,043 1,866 1,191 1,880 2,521 2,575 +2.1% 2,967 2024-09-30 · $631.0M2024-12-31 · $600.0M2025-03-31 · $672.0M2025-06-30 · $468.0M2025-09-30 · $658.0M2025-12-31 · $777.0M2026-03-31 · $844.0M2026-06-30 · $688.0M
FCF margin
30.8% 33.3% 38.0% 30.0% 21.8% 31.8% 35.6% 33.4% -6.2% 36.4%
Cash from investing
-406 36 -1,077 -2,619 -262 -247 -1,056 2 — -75
Dividends paid
337 378 420 463 515 564 620 701 +13.1% 700
Share repurchases
203 991 503 750 983 490 1,292 1,607 +24.4% 3,115
Debt repayment
800 950 800 500 626 500 0 700 — 0
Cash from financing
-412 -1,563 -351 -122 -1,208 -1,584 -1,446 -3,063 — -3,912
Net change in cash
613 147 765 -786 -42 361 278 -24 — -707
Ending cash balance
1,685 1,832 2,597 1,811 1,769 2,130 2,408 2,384 -1.0% 1,467

Click a line to select it — Enter or the EXPAND pill folds out its quarter-by-quarter history.

SELECTED · FREE CASH FLOW · QoQ BRIDGE
FROM2,521 CASH FROM OPERATIONS+63 CAPITAL EXPENDITURES-9 TO2,575
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗