FFilingLens
Quarterly TTM Annual
Income Balance Cash flow
8P

Three-Statement Breakdown

MCO
2026-06-30 · figures in $M

FCF UP

Free cash flow rose 8.0% to $3.0B — the highest of its last 8 readings, and covered net income 1.06×.

CASH FROM OPS +7.7%
3,319 40.7% MGN
CAPITAL EXPENDITURE +4.8%
352
FREE CASH FLOW +8.0%
2,967
FCF / NET INCOME -3.6%
1.06× TARGET >1.0×
Cash flow TTM 24-09 TTM 24-12 TTM 25-03 TTM 25-06 TTM 25-09 TTM 25-12 TTM 26-03 vs prior TTM YoY TTM 8Q
Net income
10-Q
2,003 2,058 2,106 2,132 2,244 2,459 2,495 2,795 +12.0% +31.1% 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
10-Q
415 431 444 454 469 480 489 495 +1.2% +9.0% 495
Stock-based comp
216 220 223 228 228 232 234 232 -0.9% +1.8% 232
Cash from operations
2,641 2,838 2,820 2,677 2,717 2,901 3,083 3,319 +7.7% +24.0% 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
1.32× 1.38× 1.34× 1.26× 1.21× 1.18× 1.24× 1.19× -3.9% -5.4% 1.19×
Capital expenditures
(316) (317) (324) (306) (319) (326) (336) (352) +4.8% +15.0% (352)
Free cash flow
2,325 2,521 2,496 2,371 2,398 2,575 2,747 2,967 +8.0% +25.1% 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
33.7% 35.6% 34.5% 32.4% 32.0% 33.4% 34.9% 36.4% +4.2% +12.1% 36.4%
Cash from investing
-929 -1,056 -736 -767 -137 2 -313 -75 — — -75
Dividends paid
605 620 660 677 689 701 691 700 +1.3% +3.4% 700
Share repurchases
1,024 1,292 1,545 1,565 1,650 1,607 2,705 3,115 +15.2% +99.0% 3,115
Debt repayment
0 0 700 700 700 700 0 0 — -100.0% 0
Cash from financing
-1,165 -1,446 -2,436 -2,495 -3,088 -3,063 -3,484 -3,912 — — -3,912
Net change in cash
636 278 -337 -461 -461 -24 -670 -707 — — -707
Ending cash balance
2,642 2,408 2,139 2,174 2,181 2,384 1,469 1,467 -0.1% -32.5% 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
FROM2,747 CASH FROM OPERATIONS+236 CAPITAL EXPENDITURES-16 TO2,967
↹ CLICK A LINE TO SELECT · ⌘F FIND LINE ITEM SRC 10-Q FILED 2026-07-23 ↗