Moody's Corporation reported revenue of $2.0 billion for the third quarter of 2025, up 11% from the same period last year. Moody's Analytics recorded revenue of $909 million, an increase of 9%, while Moody's Investors Service reported revenue of $1.1 billion, up 12% from the prior year quarter. Year-to-date revenue for Moody's Corporation reached $5.8 billion, an 8% increase compared to the previous year, with Moody's Analytics at $2.7 billion (up 9%) and Moody's Investors Service at $3.2 billion (up 6%). Cash flow from operations was $2,043 million and free cash flow was $1,798 million, with decreases primarily driven by higher tax and incentive compensation payments compared to the prior-year period. During the third quarter, Moody's repurchased 1.0 million shares at an average cost of $503.66 per share. The company declared a quarterly dividend of $0.94 per share, payable on December 12, 2025, to shareholders of record as of November 21, 2025.