MCO - Moody's Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$539.00
DETAILS
HIGH:
$610.00
LOW:
$490.00
MEDIAN:
$533.00
CONSENSUS:
$539.00
UPSIDE:
5.51%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||
| Revenue | 7,718 | 7,088 | 5,916 | 5,468 | 6,218 | 5,371 | 4,829 | 4,442.7 | 4,204.1 | 3,604.2 | 3,484.5 | 3,334.3 | 2,972.5 | 2,730.3 | 2,280.7 | 2,032 | 1,797.2 | 1,755.4 | 2,259 | 2,037.1 | 1,731.6 | 1,438.3 | 1,246.6 | 1,023.3 | 796.7 | 602.3 | 1,971.8 | 1,934.5 |
| Cost of Revenue | 2,458 | 2,381 | 2,062 | 1,944 | 1,894 | 1,695 | 1,587 | 1,386.3 | 1,332.9 | 1,113.2 | 1,060.7 | 988 | 893 | 872.4 | 732.9 | 650.8 | 596.5 | 568.4 | 626.9 | 578.9 | 488.1 | 409.5 | 347.3 | 285.3 | 239.6 | 189.6 | 559.5 | 568.2 |
| Gross Profit | 5,260 | 4,707 | 3,854 | 3,524 | 4,324 | 3,676 | 3,242 | 3,056.4 | 2,871.2 | 2,491 | 2,423.8 | 2,346.3 | 2,079.5 | 1,857.9 | 1,548 | 1,382.2 | 1,198.8 | 1,187 | 1,632.1 | 1,458.2 | 1,243.5 | 1,028.8 | 899.3 | 738 | 557.1 | 412.7 | 1,412.3 | 1,366.3 |
| Operating Expenses | ||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51.1 | 42 | 40.1 | 29.1 | 37.9 | 22.8 | 16.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 1,803 | 1,736 | 1,633 | 1,527 | 1,480 | 1,229 | 1,167 | 1,080.1 | 985.9 | 936.4 | 921.3 | 864 | 814.2 | 752.1 | 629.3 | 588 | 495.7 | 441.3 | 451.1 | 359.3 | 303.9 | 242.4 | 203.6 | 175.3 | 141.6 | 107.6 | 791.3 | 776 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.6 | 24.6 | 17 | 16.6 | 140.9 | 141.6 |
| Operating Expenses | 1,805 | 1,736 | 1,633 | 1,527 | 1,480 | 1,229 | 1,167 | 1,131.2 | 1,027.9 | 976.5 | 950.4 | 901.9 | 837 | 768.2 | 659.1 | 608.3 | 495.7 | 441.3 | 451.1 | 359.3 | 303.9 | 242.4 | 236.2 | 199.9 | 158.6 | 124.2 | 932.2 | 917.6 |
| Operating Income | ||||||||||||||||||||||||||||
| Operating Income | 3,455 | 2,971 | 2,221 | 1,997 | 2,844 | 2,447 | 2,075 | 1,925.2 | 1,843.3 | 1,514.5 | 1,473.4 | 1,444.4 | 1,242.5 | 1,089.7 | 888.9 | 773.9 | 703.1 | 745.7 | 1,181 | 1,098.9 | 939.6 | 786.4 | 663.1 | 538.1 | 398.5 | 288.5 | 480.1 | 448.7 |
| Interest Expense | 189 | 204 | 207 | 216 | 243 | 232 | 230 | 212.9 | 215.9 | 152.3 | 134.7 | 134.1 | 95.3 | 75 | 63.5 | 47.6 | 41.4 | 58.9 | 39.6 | 15.2 | 21 | 23 | 6.7 | 20.7 | 16.6 | 4.5 | 45.2 | 15.2 |
| Interest Income | 65 | 102 | 63 | 15 | 9 | 11 | 17 | 14.7 | 16 | 10.9 | 9.7 | 6.7 | 5.5 | 5.2 | 5.3 | 3.1 | 2.5 | 18.1 | 19.3 | 18.2 | 26 | 6.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||
| EBITDA | 3,935 | 3,334 | 2,515 | 2,307 | 3,255 | 2,681 | 2,240 | 2,075.8 | 2,161 | 837 | 1,627.8 | 1,690.7 | 1,358 | 1,192.5 | 982.5 | 828.3 | 751.7 | 863.8 | 1,199.2 | 1,315.2 | 990.9 | 828.4 | 695.7 | 562.7 | 415.5 | 305.1 | 283.4 | 240.9 |
| EBIT | 3,455 | 2,903 | 2,142 | 1,976 | 2,998 | 2,461 | 2,040 | 1,883.9 | 2,002.7 | 710.3 | 1,514.3 | 1,595.1 | 1,264.6 | 1,099 | 903.3 | 762 | 687.6 | 788.7 | 1,156.3 | 1,275.7 | 955.7 | 794.3 | 663.1 | 538.1 | 398.5 | 288.5 | 270.4 | 225.5 |
| Income Before Tax | 3,130 | 2,699 | 1,935 | 1,760 | 2,755 | 2,229 | 1,810 | 1,671 | 1,786.8 | 558 | 1,379.6 | 1,461 | 1,169.3 | 1,024 | 839.8 | 714.4 | 646.2 | 725.8 | 1,116.7 | 1,260.5 | 934.7 | 771.3 | 656.4 | 517.4 | 381.9 | 284 | 434.9 | 399.8 |
| Income Tax Expense | 668 | 640 | 327 | 386 | 541 | 452 | 381 | 351.6 | 779.1 | 282.2 | 430 | 455 | 353.4 | 324.3 | 261.8 | 201 | 239.1 | 268.2 | 415.2 | 506.6 | 373.9 | 346.2 | 292.5 | 228.5 | 169.7 | 125.5 | 178.9 | 153.4 |
| Net Income | 2,459 | 2,058 | 1,607 | 1,374 | 2,214 | 1,778 | 1,422 | 1,309.6 | 1,000.6 | 266.6 | 941.3 | 988.7 | 804.5 | 690 | 571.4 | 507.8 | 402 | 457.6 | 701.5 | 753.9 | 560.8 | 425.1 | 363.9 | 288.9 | 212.2 | 158.5 | 256 | 280.1 |
| Per Share Data | ||||||||||||||||||||||||||||
| EPS (Basic) | 13.73 | 11.32 | 8.77 | 7.47 | 11.88 | 9.48 | 7.51 | 6.84 | 5.24 | 1.38 | 4.70 | 4.69 | 3.67 | 3.09 | 2.52 | 2.16 | 1.70 | 1.89 | 2.63 | 2.65 | 1.88 | 1.43 | 1.22 | 0.94 | 0.67 | 0.49 | 0.79 | 0.83 |
| EPS (Diluted) | 13.67 | 11.26 | 8.73 | 7.44 | 11.78 | 9.39 | 7.42 | 6.74 | 5.15 | 1.36 | 4.63 | 4.61 | 3.60 | 3.05 | 2.49 | 2.15 | 1.69 | 1.87 | 2.58 | 2.58 | 1.84 | 1.40 | 1.19 | 0.92 | 0.66 | 0.49 | 0.78 | 0.82 |
| Shares Outstanding | 179.1 | 181.8 | 183.2 | 183.9 | 186.4 | 187.6 | 189.3 | 191.6 | 191.1 | 192.7 | 200.1 | 210.7 | 219.4 | 223.2 | 226.3 | 235 | 236.1 | 242.4 | 266.4 | 284.2 | 297.7 | 297 | 297.8 | 307.8 | 315.2 | 323.4 | 324.6 | 339.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 2,384 | 2,408 | 2,130 | 1,769 | 1,811 | 2,597 | 1,832 | 1,685 | 1,071.5 | 2,051.5 | 1,757.4 | 1,219.5 | 1,919.5 | 1,755.4 | 760 | 659.6 | 473.9 | 245.9 | 426.3 | 408.1 | 486 | 606.1 | 269.1 | 39.9 | 163.2 | 119.1 | 113.2 | 90.6 |
| Short-Term Investments | 64 | 566 | 63 | 90 | 91 | 99 | 98 | 132.5 | 111.8 | 173.4 | 474.8 | 458.1 | 186.8 | 17.9 | 14.8 | 12.7 | 10 | 7.1 | 14.7 | 75.4 | 94.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 2,024 | 1,878 | 1,738 | 1,652 | 1,720 | 1,430 | 1,419 | 1,287.1 | 1,147.2 | 887.4 | 802 | 792.4 | 694.2 | 621.8 | 489.8 | 497.5 | 444.9 | 421.8 | 443.6 | 475.4 | 439.9 | 358.4 | 270.3 | 178.1 | 148.4 | 101 | 84.4 | 445.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 391 | 47 | 46 | 229 | 178 | 198 | 180 | 80.2 | 63.5 | 28.1 | 58.7 | 91.1 | 80.2 | 51.5 | 87.6 | 51.1 | 65.5 | 71.6 | 52.5 | 39.5 | 30.4 | 57.1 | 29.6 | 54.3 | 59.6 | 57.5 | 84.9 | 228.2 |
| Total Current Assets | 5,186 | 5,159 | 4,225 | 4,094 | 4,011 | 4,509 | 3,679 | 3,386.9 | 2,580.6 | 3,253.1 | 3,243.1 | 2,686.4 | 2,968.8 | 2,525.7 | 1,424.4 | 1,343 | 1,012.9 | 809.1 | 989.1 | 1,001.9 | 1,051.8 | 1,022.6 | 569 | 272.3 | 371.2 | 277.6 | 785 | 764 |
| Non-Current Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment | 1,004 | 872 | 880 | 848 | 785 | 671 | 748 | 320.4 | 325.1 | 325.9 | 306.4 | 302.3 | 278.7 | 307.1 | 326.8 | 319.3 | 293 | 247.7 | 214.6 | 62 | 55.4 | 45.2 | 46.8 | 50.6 | 42.9 | 43.4 | 280 | 298.3 |
| Goodwill | 6,368 | 5,994 | 5,956 | 5,839 | 5,999 | 4,556 | 3,722 | 3,781.3 | 3,753.2 | 1,023.6 | 976.3 | 1,021.1 | 665.2 | 637.1 | 642.9 | 465.5 | 349.2 | 338 | 179.9 | 176.1 | 152.1 | 131.7 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,866 | 1,890 | 2,049 | 2,210 | 2,467 | 1,824 | 1,498 | 1,566.1 | 1,631.6 | 296.4 | 299.1 | 345.5 | 221.6 | 226.5 | 253.6 | 168.8 | 104.9 | 114 | 56.9 | 65.7 | 78.8 | 87.1 | 203.8 | 210.7 | 10.3 | 13.7 | 167.5 | 191.8 |
| Long-Term Investments | 599 | 636 | 640 | 646 | 612 | 277 | 223 | 137 | 133.5 | 69.8 | 95.1 | 80.9 | 47.8 | 48.3 | 49.4 | 42.2 | 0 | 0 | 31.9 | 39.8 | 2.6 | 23.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 502 | 661 | 614 | 446 | 422 | 238 | 166 | 137.3 | 26.4 | 42.4 | 45.3 | 65 | 64.3 | 47.7 | 32.6 | 13.6 | 50.7 | 44.5 | 113.4 | 87 | 86.4 | 60.1 | 121.8 | 97.2 | 81 | 63.6 | 553.2 | 535.1 |
| Total Non-Current Assets | 10,644 | 10,346 | 10,397 | 10,255 | 10,669 | 7,900 | 6,586 | 6,139.3 | 6,013.6 | 2,074.2 | 1,859.9 | 1,982.6 | 1,426.3 | 1,435.2 | 1,451.7 | 1,197.3 | 990.4 | 964.3 | 761.6 | 528 | 441.2 | 350.4 | 372.4 | 358.5 | 134.2 | 120.7 | 1,000.7 | 1,025.2 |
| Total Assets | 15,830 | 15,505 | 14,622 | 14,349 | 14,680 | 12,409 | 10,265 | 9,526.2 | 8,605.2 | 5,327.3 | 5,123.4 | 4,680.1 | 4,394.6 | 3,960.9 | 2,876.1 | 2,540.3 | 2,003.5 | 1,773.4 | 1,714.6 | 1,497.7 | 1,457.2 | 1,376 | 941.4 | 630.8 | 505.4 | 398.3 | 1,785.7 | 1,789.2 |
| Current Liabilities | ||||||||||||||||||||||||||||
| Account Payables | 62 | 53 | 23 | 52 | 47 | 39 | 38 | 30.1 | 21.8 | 28.4 | 22.2 | 19.4 | 16.4 | 14.3 | 16.4 | 14.3 | 7.1 | 8.6 | 8.1 | 8.8 | 6.8 | 2.9 | 228.4 | 184.9 | 236.9 | 135.4 | 275.1 | 0 |
| Short-Term Debt | 0 | 697 | 108 | 106 | 105 | 94 | 89 | 449.9 | 429.4 | 300 | 0 | 0 | 0 | 63.8 | 71.3 | 11.3 | 447.5 | 717.7 | 551.9 | 0 | 0 | 300 | 0 | 107.1 | 0 | 0 | 127.3 | 36.9 |
| Deferred Revenue | 1,745 | 1,596 | 1,421 | 1,360 | 1,349 | 1,131 | 1,078 | 953.4 | 883.6 | 683.9 | 635.2 | 624.6 | 598.4 | 545.8 | 522.1 | 508.1 | 471.3 | 435 | 426 | 360.3 | 299.1 | 0 | 214.6 | 170 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 435 | 409 | 350 | 384 | 338 | 362 | 267 | 320.3 | 267.1 | 1,152.6 | 306.5 | 266 | 255 | 226.1 | 251.5 | 164.7 | 154.9 | 131.5 | 152.2 | 108 | 92.3 | 330.1 | (10.9) | 0 | 122.4 | 117.7 | (26.9) | 1,315.8 |
| Total Current Liabilities | 2,981 | 3,597 | 2,500 | 2,375 | 2,496 | 2,222 | 1,912 | 2,098.5 | 2,074.3 | 2,428.2 | 1,218.5 | 1,199.7 | 1,141.3 | 1,164.9 | 1,134 | 933.8 | 1,236.2 | 1,393.1 | 1,349.2 | 700 | 578.9 | 837.2 | 432.1 | 462 | 359.3 | 253.1 | 1,414.8 | 1,352.7 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | 6,994 | 6,731 | 7,001 | 7,389 | 7,413 | 6,422 | 5,581 | 5,226.1 | 5,111.1 | 3,063 | 3,380.6 | 2,547.3 | 2,101.8 | 1,607.4 | 1,172.5 | 1,228.3 | 746.2 | 750 | 600 | 300 | 300 | 0 | 300 | 328.5 | 300 | 300 | 0 | 0 |
| Deferred Tax Liabilities | 315 | 449 | 402 | 457 | 488 | 404 | 357 | 351.7 | 341.6 | 104.3 | 83.8 | 95.7 | 59.1 | 58.1 | 49.6 | 36.9 | 31.4 | 19 | (121.1) | (102.1) | (75.7) | 0 | (41.1) | (28.5) | 0 | 0 | 0 | 505.8 |
| Other Non-Current Liabilities | 1,017 | 728 | 872 | 996 | 826 | 1,073 | 981 | 1,071.1 | 1,053.1 | 625 | 620.6 | 651.2 | 555.8 | 566.7 | 520.2 | 543.1 | 482 | 490.9 | 427.9 | 228.2 | 193.2 | 163.9 | 200.3 | 167.3 | 150.2 | 127.7 | 485.6 | 0 |
| Total Non-Current Liabilities | 8,644 | 8,181 | 8,646 | 9,285 | 9,268 | 8,424 | 7,522 | 6,771.2 | 6,645.8 | 3,926.4 | 4,237.9 | 3,437.5 | 2,905.4 | 2,396 | 1,840 | 1,904.9 | 1,363.4 | 1,374.7 | 1,149 | 630.3 | 568.9 | 221.3 | 541.4 | 495.8 | 450.2 | 427.7 | 485.6 | 505.8 |
| Total Liabilities | 11,625 | 11,778 | 11,146 | 11,660 | 11,764 | 10,646 | 9,434 | 8,869.7 | 8,720.1 | 6,354.6 | 5,456.4 | 4,680.1 | 4,394.6 | 3,960.9 | 2,974 | 2,838.7 | 2,599.6 | 2,767.8 | 2,498.2 | 1,330.3 | 1,147.8 | 1,058.5 | 973.5 | 957.8 | 809.5 | 680.8 | 1,900.4 | 1,858.5 |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Common Stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 3.4 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 0 |
| Retained Earnings | 17,853 | 16,071 | 14,659 | 13,618 | 12,762 | 11,011 | 9,656 | 8,594 | 7,465.4 | 6,688.9 | 6,709 | 6,044.3 | 5,302.1 | 4,713.3 | 4,176.1 | 3,736.2 | 3,329 | 3,023.2 | 2,661.1 | 2,091.4 | 1,419.2 | 939.3 | 558.9 | 221.8 | (39.3) | (223.2) | (105.9) | (240.9) |
| Accumulated Other Comprehensive Income | (500) | (638) | (567) | (643) | (410) | (432) | (439) | (426) | (172.2) | (364.9) | (339.5) | (235.2) | (54.6) | (82.1) | (107.5) | (33.4) | (41.2) | (52.1) | 15.6 | (8.4) | (0.9) | 9.7 | 8.1 | 1.7 | (2.7) | (1.9) | (219.5) | (430.1) |
| Total Stockholders' Equity | 4,054 | 3,565 | 3,318 | 2,519 | 2,727 | 1,569 | 612 | 459 | (327.7) | (1,225) | (565) | (187.8) | 337 | 385.2 | (169) | (309.6) | (606.2) | (994.4) | (783.6) | 167.4 | 309.4 | 317.5 | (32.1) | (327) | (304.1) | (282.5) | (223.1) | (371) |
| Total Liabilities & Equity | 15,830 | 15,505 | 14,622 | 14,349 | 14,680 | 12,409 | 10,265 | 9,526.2 | 8,605.2 | 5,327.3 | 5,123.4 | 4,680.1 | 4,394.6 | 3,960.9 | 2,876.1 | 2,540.3 | 2,003.5 | 1,773.4 | 1,714.6 | 1,497.7 | 1,457.2 | 1,376 | 941.4 | 630.8 | 505.4 | 398.3 | 1,785.7 | 1,789.2 |
| Debt Metrics | ||||||||||||||||||||||||||||
| Total Debt | 7,351 | 7,746 | 7,415 | 7,863 | 7,973 | 6,943 | 6,155 | 5,676 | 5,540.5 | 3,363 | 3,380.6 | 2,547.3 | 2,101.8 | 1,671.2 | 1,243.8 | 1,239.6 | 1,193.7 | 1,467.7 | 1,151.9 | 300 | 300 | 300 | 300 | 435.6 | 300 | 300 | 127.3 | 36.9 |
| Net Debt | 4,967 | 5,338 | 5,285 | 6,094 | 6,162 | 4,346 | 4,323 | 3,991 | 4,469 | 1,311.5 | 1,623.2 | 1,327.8 | 182.3 | (84.2) | 483.8 | 580 | 719.8 | 1,221.8 | 725.6 | (108.1) | (186) | (306.1) | 30.9 | 395.7 | 136.8 | 180.9 | 14.1 | (53.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | 2,459 | 2,058 | 1,607 | 1,374 | 2,214 | 1,778 | 1,422 | 1,309.6 | 1,000.6 | 266.6 | 941.3 | 988.7 | 804.5 | 690 | 571.4 | 507.8 | 402 | 457.6 | 701.5 | 753.9 | 560.8 | 425.1 | 363.9 | 288.9 | 212.2 | 158.5 | 256 | 280.1 |
| Depreciation & Amortization | 480 | 431 | 373 | 331 | 257 | 220 | 200 | 191.9 | 158.3 | 126.7 | 113.5 | 95.6 | 93.4 | 93.5 | 79.2 | 66.3 | 64.1 | 75.1 | 42.9 | 39.5 | 35.2 | 34.1 | 32.6 | 24.6 | 17 | 16.6 | 140.9 | 141.6 |
| Stock-Based Compensation | 232 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63.2 | 0 | 0 | 0 | 0 | 10.8 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (254) | 150 | (38) | (427) | (400) | 38 | (104) | (81.6) | (451.8) | 949.9 | 36.1 | (25.4) | 35.6 | (54.4) | 92.9 | 34.6 | 103.7 | (28.6) | 323.3 | 171.8 | 4.9 | (15.2) | 27.6 | (5) | 73.9 | (105.5) | (94.8) | (59.1) |
| Other Non-Cash Items | 1 | 261 | 247 | 148 | 152 | 154 | 195 | 140.1 | (40.8) | 36 | 44.6 | (70.2) | 20.5 | 57.9 | 49.5 | 55.2 | 57.5 | (15.3) | (7.3) | (185.5) | 127.2 | 85.3 | 33.9 | 29.9 | 4 | 0.3 | 9.3 | 28.8 |
| Operating Cash Flow | 2,901 | 2,838 | 2,151 | 1,474 | 2,005 | 2,146 | 1,675 | 1,461.1 | 747.5 | 1,226.1 | 1,154 | 1,018.6 | 926.8 | 823.1 | 803.3 | 653.3 | 643.8 | 534.7 | 984 | 752.5 | 707.9 | 519.7 | 468.4 | 334.8 | 306.3 | 67.6 | 344.7 | 342.2 |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditure | (326) | (317) | (271) | (283) | (139) | (103) | (69) | (90.4) | (90.6) | (115.2) | (89) | (74.6) | (42.3) | (45) | (67.7) | (79) | (90.7) | (84.4) | (181.8) | (31.1) | (31.3) | (21.3) | (17.9) | (18.1) | (14.8) | (12.3) | (44.1) | (55.4) |
| Acquisitions | (187) | (221) | (3) | (97) | (2,179) | (920) | 52 | (283.6) | (3,519.5) | (124.7) | (7.6) | (423.5) | (50.7) | (3.5) | (197.5) | (148.6) | (0.9) | (241.4) | (4.4) | 124.7 | (30.2) | (3.5) | 0.8 | (205.7) | (15.2) | (17.4) | 0 | 26.5 |
| Purchases of Investments | (207) | (655) | (148) | (320) | (437) | (181) | (138) | (193) | (170.1) | (379.9) | (688.2) | (406.3) | (225.9) | (56.2) | (43.3) | (26.2) | (17.6) | (10.3) | (191.4) | (414) | (324.4) | 0 | 0 | 0 | 0 | 0 | (21.8) | (50.4) |
| Sales/Maturities of Investments | 690 | 137 | 175 | 218 | 147 | 104 | 174 | 160.6 | 238.5 | 699.5 | 653.1 | 134 | 57 | 54.5 | 40.9 | 25 | 15.4 | 15.9 | 252.9 | 436.5 | 235.5 | 0 | 0 | 0 | 0 | 0 | 22.5 | 50.9 |
| Other Investing Activities | 32 | 0 | 0 | 220 | (11) | 0 | 5 | 0 | 113.2 | (23.1) | 39.7 | 21.7 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0 | 0 | 0 | 0 | 0.8 | 0.2 | 0 | (3.9) | (66.7) | (76.3) |
| Investing Cash Flow | 2 | (1,056) | (247) | (262) | (2,619) | (1,100) | 24 | (406.4) | (3,428.5) | 56.6 | (92) | (748.7) | (261.9) | (50.2) | (267.6) | (228.8) | (93.8) | (319.3) | (124.7) | 116.1 | (150.4) | (24.8) | (17.1) | (223.6) | (30) | (33.6) | (110.1) | (104.7) |
| Financing Activities | ||||||||||||||||||||||||||||
| Net Debt Issuance | (700) | 491 | (500) | 352 | 1,141 | 649 | (147) | 148 | 2,095.1 | 0 | 852.8 | 441.2 | 429.3 | 418.5 | (11.3) | 44 | (275.4) | 313.9 | 844 | (0.6) | (3.6) | (1.3) | (107.1) | 107.1 | 0 | 300 | 90.4 | 85.4 |
| Stock Repurchased | (1,706) | (1,383) | (561) | (1,070) | (833) | (607) | (1,068) | (264.8) | (248.5) | (783.2) | (1,157.6) | (1,220.5) | (893.1) | (196.5) | (333.8) | (223.6) | 0 | (592.9) | (1,738.4) | (1,093.6) | (691.7) | (221.3) | (172.8) | (369.9) | (267.6) | (223.9) | (237.9) | (220.2) |
| Dividends Paid | (701) | (620) | (564) | (515) | (463) | (420) | (378) | (337.2) | (290.4) | (285.1) | (272.1) | (236) | (197.3) | (143) | (121) | (98.6) | (94.5) | (96.8) | (85.2) | (79.5) | (60.3) | (44.7) | (26.8) | (27.8) | (28.3) | (7.2) | (120.1) | (137.4) |
| Other Financing Activities | (5) | (7) | (9) | (1) | (5) | (1) | (3) | (4.4) | (3.2) | 26.1 | 26.7 | 36.6 | 26.3 | 6.9 | 2 | 2.2 | 1.3 | 7.5 | 52.2 | 103.2 | 0 | 0 | 0 | 0 | 0 | 0 | 29.7 | 52 |
| Financing Cash Flow | (3,063) | (1,446) | (1,584) | (1,208) | (122) | (328) | (1,551) | (411.5) | 1,608.6 | (964.4) | (461) | (880.7) | (498.8) | 202.6 | (417.7) | (241.3) | (348.8) | (344.8) | (861.5) | (965.2) | (666.5) | (162.3) | (227.7) | (236.6) | (233) | 81.6 | (211.7) | (227.3) |
| Cash Position | ||||||||||||||||||||||||||||
| Net Change in Cash | (24) | 278 | 361 | (42) | (786) | 765 | 147 | 613.5 | (980) | 294.1 | 537.9 | (700) | 164.1 | 995.4 | 100.4 | 185.7 | 228 | (180.4) | 18.2 | (77.9) | 486 | 0 | 229.2 | (123.3) | 44.1 | 115.7 | 22.6 | 8.8 |
| Cash at Beginning | 2,408 | 2,130 | 1,769 | 1,811 | 2,597 | 1,832 | 1,685 | 1,071.5 | 2,051.5 | 1,757.4 | 1,219.5 | 1,919.5 | 1,755.4 | 760 | 659.6 | 473.9 | 245.9 | 426.3 | 408.1 | 486 | 606.1 | 269.1 | 39.9 | 163.2 | 119.1 | 3.4 | 90.6 | 81.8 |
| Cash at End | 2,384 | 2,408 | 2,130 | 1,769 | 1,811 | 2,597 | 1,832 | 1,685 | 1,071.5 | 2,051.5 | 1,757.4 | 1,219.5 | 1,919.5 | 1,755.4 | 760 | 659.6 | 473.9 | 245.9 | 426.3 | 408.1 | 486 | 606.1 | 269.1 | 39.9 | 163.2 | 119.1 | 113.2 | 90.6 |
| Free Cash Flow | 2,575 | 2,521 | 1,880 | 1,191 | 1,866 | 2,043 | 1,606 | 1,370.7 | 664 | 1,110.9 | 1,064.6 | 944 | 884.5 | 778.1 | 735.6 | 574.3 | 553.1 | 450.3 | 802.2 | 721.4 | 676.6 | 498.4 | 450.5 | 316.7 | 291.5 | 55.3 | 300.6 | 286.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||
| Revenue | 7,718 | 7,088 | 5,916 | 5,468 | 6,218 | 5,371 | 4,829 | 4,442.7 | 4,204.1 | 3,604.2 | 3,484.5 | 3,334.3 | 2,972.5 | 2,730.3 | 2,280.7 | 2,032 | 1,797.2 | 1,755.4 | 2,259 | 2,037.1 | 1,731.6 | 1,438.3 | 1,246.6 | 1,023.3 | 796.7 | 602.3 | 1,971.8 | 1,934.5 |
| Gross Profit | 5,260 | 4,707 | 3,854 | 3,524 | 4,324 | 3,676 | 3,242 | 3,056.4 | 2,871.2 | 2,491 | 2,423.8 | 2,346.3 | 2,079.5 | 1,857.9 | 1,548 | 1,382.2 | 1,198.8 | 1,187 | 1,632.1 | 1,458.2 | 1,243.5 | 1,028.8 | 899.3 | 738 | 557.1 | 412.7 | 1,412.3 | 1,366.3 |
| Operating Income | 3,455 | 2,971 | 2,221 | 1,997 | 2,844 | 2,447 | 2,075 | 1,925.2 | 1,843.3 | 1,514.5 | 1,473.4 | 1,444.4 | 1,242.5 | 1,089.7 | 888.9 | 773.9 | 703.1 | 745.7 | 1,181 | 1,098.9 | 939.6 | 786.4 | 663.1 | 538.1 | 398.5 | 288.5 | 480.1 | 448.7 |
| Net Income | 2,459 | 2,058 | 1,607 | 1,374 | 2,214 | 1,778 | 1,422 | 1,309.6 | 1,000.6 | 266.6 | 941.3 | 988.7 | 804.5 | 690 | 571.4 | 507.8 | 402 | 457.6 | 701.5 | 753.9 | 560.8 | 425.1 | 363.9 | 288.9 | 212.2 | 158.5 | 256 | 280.1 |
| EPS (Diluted) | 13.67 | 11.26 | 8.73 | 7.44 | 11.78 | 9.39 | 7.42 | 6.74 | 5.15 | 1.36 | 4.63 | 4.61 | 3.60 | 3.05 | 2.49 | 2.15 | 1.69 | 1.87 | 2.58 | 2.58 | 1.84 | 1.40 | 1.19 | 0.92 | 0.66 | 0.49 | 0.78 | 0.82 |
| Balance Sheet | ||||||||||||||||||||||||||||
| Cash & Equivalents | 2,384 | 2,408 | 2,130 | 1,769 | 1,811 | 2,597 | 1,832 | 1,685 | 1,071.5 | 2,051.5 | 1,757.4 | 1,219.5 | 1,919.5 | 1,755.4 | 760 | 659.6 | 473.9 | 245.9 | 426.3 | 408.1 | 486 | 606.1 | 269.1 | 39.9 | 163.2 | 119.1 | 113.2 | 90.6 |
| Total Assets | 15,830 | 15,505 | 14,622 | 14,349 | 14,680 | 12,409 | 10,265 | 9,526.2 | 8,605.2 | 5,327.3 | 5,123.4 | 4,680.1 | 4,394.6 | 3,960.9 | 2,876.1 | 2,540.3 | 2,003.5 | 1,773.4 | 1,714.6 | 1,497.7 | 1,457.2 | 1,376 | 941.4 | 630.8 | 505.4 | 398.3 | 1,785.7 | 1,789.2 |
| Total Debt | 7,351 | 7,746 | 7,415 | 7,863 | 7,973 | 6,943 | 6,155 | 5,676 | 5,540.5 | 3,363 | 3,380.6 | 2,547.3 | 2,101.8 | 1,671.2 | 1,243.8 | 1,239.6 | 1,193.7 | 1,467.7 | 1,151.9 | 300 | 300 | 300 | 300 | 435.6 | 300 | 300 | 127.3 | 36.9 |
| Stockholders' Equity | 4,054 | 3,565 | 3,318 | 2,519 | 2,727 | 1,569 | 612 | 459 | (327.7) | (1,225) | (565) | (187.8) | 337 | 385.2 | (169) | (309.6) | (606.2) | (994.4) | (783.6) | 167.4 | 309.4 | 317.5 | (32.1) | (327) | (304.1) | (282.5) | (223.1) | (371) |
| Cash Flow | ||||||||||||||||||||||||||||
| Operating Cash Flow | 2,901 | 2,838 | 2,151 | 1,474 | 2,005 | 2,146 | 1,675 | 1,461.1 | 747.5 | 1,226.1 | 1,154 | 1,018.6 | 926.8 | 823.1 | 803.3 | 653.3 | 643.8 | 534.7 | 984 | 752.5 | 707.9 | 519.7 | 468.4 | 334.8 | 306.3 | 67.6 | 344.7 | 342.2 |
| Capital Expenditure | (326) | (317) | (271) | (283) | (139) | (103) | (69) | (90.4) | (90.6) | (115.2) | (89) | (74.6) | (42.3) | (45) | (67.7) | (79) | (90.7) | (84.4) | (181.8) | (31.1) | (31.3) | (21.3) | (17.9) | (18.1) | (14.8) | (12.3) | (44.1) | (55.4) |
| Free Cash Flow | 2,575 | 2,521 | 1,880 | 1,191 | 1,866 | 2,043 | 1,606 | 1,370.7 | 664 | 1,110.9 | 1,064.6 | 944 | 884.5 | 778.1 | 735.6 | 574.3 | 553.1 | 450.3 | 802.2 | 721.4 | 676.6 | 498.4 | 450.5 | 316.7 | 291.5 | 55.3 | 300.6 | 286.8 |