Moody's vs Nasdaq
Nasdaq reported revenue of $8.3 billion in fiscal 2025, about the same as Moody's $7.7 billion in fiscal 2025. Moody's revenue grew 8.9% in its latest year, and Nasdaq's grew 11.7%. Moody's had an operating margin of 43.4%, against 28.2% at Nasdaq. Free cash flow was $2.6 billion at Moody's and $2.0 billion at Nasdaq.
Side by side
| Moody's | Nasdaq | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $7.7B | $8.3B |
| Revenue growth | 8.9% | 11.7% |
| Revenue growth a year, last 5 years | 7.5% | 8.0% |
| Gross margin | 74.4% | 63.5% |
| Operating margin | 43.4% | 28.2% |
| Net margin | 31.9% | 21.6% |
| Free cash flow | $2.6B | $2.0B |
| Free cash flow margin | 33.4% | 24.1% |
| Return on capital | 31.1% | 9.5% |
| Net debt to EBITDA | 1.2x | 3.4x |
| Dividends and buybacks | $2.3B | $1.2B |
| Change in diluted share count | −1.5% | −0.1% |
| Last close | $484.45 | $104.72 |
| P/E at the last close | 29.5× | 28.6× |
| Insider trades, last 12 months | sold $13.8 million | bought $21.7 million, sold $87.0 million |
| Piotroski F-score | 9 of 9 | 9 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Moody'sNasdaq
Operating margin
Percent of revenue
Moody'sNasdaq
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Moody'sNasdaq