Buyback yield (TTM)
3.96%
Shareholder yield (TTM)
4.86%
5Y share count change
-5.0%
Buyback spend (TTM)
$3.06B
Cumulative buybacks
$18.38B
Key takeaways
- Moody's (MCO) repurchased about $3.06B of stock over the trailing twelve months.
- Diluted share count is down 5.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 13.17× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +23.0% per year over the latest 5-year window.
- TTM repurchases used about 133% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Moody's (MCO)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Moody's (MCO)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Moody's (MCO)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Moody's (MCO)
Latest: $1.71B
Overview
As of the 2025 fiscal year, Moody's (MCO) reported buyback spend of $1.71B – grew 23.4% year-over-year.
Across 2020–2025 (5 years), Moody's buyback spend produced a CAGR of +23.0% – sustaining 2 straight years of year-over-year growth.
Between 2007 and 2025, Moody's buyback spend edged down 1.9%, falling from $1.74B to $1.71B.
Across the available history, buyback spend reached its high of $1.74B in 2007 and its low of $0.00 in 2009.
Moody's Buyback Spend 2025: $1.71B
In 2025, Moody's reported buyback spend of $1.71B, grew 23.4% from 2024.
Moody's Buyback Spend 2024: $1.38B
Moody's buyback spend in 2024 was $1.38B, surged 146.5% from 2023.
Moody's Buyback Spend 2023: $561.00M
2023's buyback spend for Moody's came in at $561.00M, plunged 47.6% below 2022.
Moody's Buyback Spend 2022: $1.07B
Moody's posted buyback spend of $1.07B in 2022, grew 28.5% from 2021.
Moody's Buyback Spend 2021: $833.00M
Moody's buyback spend in 2021 was $833.00M.
See more financial history for Moody's (MCO).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $1.71B | $232.00M | $1.47B | 1.88% | 0.18B | -1.5% | |
| 2024 | $1.38B | $0.00 | $1.38B | 1.61% | 0.18B | -0.7% | |
| 2023 | $561.00M | $0.00 | $561.00M | 0.79% | 0.18B | -0.4% | |
| 2022 | $1.07B | $0.00 | $1.07B | 2.10% | 0.18B | -1.7% | |
| 2021 | $833.00M | $0.00 | $833.00M | 1.15% | 0.19B | -0.7% | |
| 2020 | $607.00M | $0.00 | $607.00M | 1.11% | 0.19B | -1.2% | |
| 2019 | $1.07B | $0.00 | $1.07B | 2.39% | 0.19B | -1.4% | |
| 2018 | $264.80M | $0.00 | $264.80M | 0.99% | 0.19B | +0.1% | |
| 2017 | $248.50M | $0.00 | $248.50M | 0.88% | 0.19B | -0.6% | |
| 2016 | $783.20M | $0.00 | $783.20M | 4.35% | 0.20B | -3.9% | |
| 2015 | $1.16B | $0.00 | $1.16B | 5.86% | 0.20B | -5.3% | |
| 2014 | $1.22B | $0.00 | $1.22B | 6.17% | 0.21B | -3.9% | |
| 2013 | $893.10M | $0.00 | $893.10M | 5.31% | 0.22B | -1.4% | |
| 2012 | $196.50M | $0.00 | $196.50M | 1.75% | 0.23B | -1.2% | |
| 2011 | $333.80M | $0.00 | $333.80M | 4.46% | 0.23B | -3.0% | |
| 2010 | $223.60M | $0.00 | $223.60M | 3.68% | 0.24B | -0.5% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 0.24B | -3.1% | |
| 2008 | $592.90M | $63.20M | $529.70M | 12.54% | 0.25B | -9.9% | |
| 2007 | $1.74B | $0.00 | $1.74B | 19.68% | 0.27B | -6.7% | |
| 2006 | $1.09B | $0.00 | $1.09B | 5.75% | 0.29B | -4.5% | |
| 2005 | $691.70M | $0.00 | $691.70M | 3.88% | 0.31B | +0.3% | |
| 2004 | $221.30M | $0.00 | $221.30M | 1.72% | 0.30B | +0.0% | |
| 2003 | $172.80M | $10.80M | $162.00M | 1.91% | 0.30B | -3.3% | |
| 2002 | $369.90M | $0.00 | $369.90M | 6.05% | 0.32B | -1.7% | |
| 2001 | $267.60M | $0.00 | $267.60M | 4.35% | 0.32B | -1.7% | |
| 2000 | $223.90M | $0.00 | $223.90M | — | 0.33B | -0.8% | |
| 1999 | $237.90M | $0.00 | $237.90M | — | 0.33B | -4.3% | |
| 1998 | $220.20M | $0.00 | $220.20M | — | 0.34B | — |
- 2025$1.71B
- 2024$1.38B
- 2023$561.00M
- 2022$1.07B
- 2021$833.00M
- 2020$607.00M
- 2019$1.07B
- 2018$264.80M
- 2017$248.50M
- 2016$783.20M
- 2015$1.16B
- 2014$1.22B
- 2013$893.10M
- 2012$196.50M
- 2011$333.80M
- 2010$223.60M
- 2009$0.00
- 2008$592.90M
- 2007$1.74B
- 2006$1.09B
- 2005$691.70M
- 2004$221.30M
- 2003$172.80M
- 2002$369.90M
- 2001$267.60M
- 2000$223.90M
- 1999$237.90M
- 1998$220.20M
Buybacks vs stock-based compensation for Moody's (MCO)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 13.17×.
Buybacks vs dividends (share of cash returned) for Moody's (MCO)
How Moody's splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Moody's, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $13.39B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $13.39B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $2.30B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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