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Inferra AI / Company / MCO

Moody's Corporation

MCO · Financials

Last earnings Oct 21, 2026

Key results

MCO revenuequarter

$2.2 billion

Rob Fauber, President and Chief Executive Officer, Moody s Corporation Second Quarter 2026 Highlights MCO revenue of $2.2 billion increased 15% from the prior-year period, and 16% on an organic constant currency 2 basis.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Operating marginquarter

47.9%

MCO s operating margin was 47.9% MCO s Adjusted Operating Margin 2 expanded by 440 bps to 55.3%.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Adjusted operating marginquarter

55.3%

MCO s operating margin was 47.9% MCO s Adjusted Operating Margin 2 expanded by 440 bps to 55.3%.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

EPSquarter

57%

Diluted EPS up 57% and Adjusted Diluted EPS 2 up 31% from the prior-year period, driven by strong revenue growth and operating leverage.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Adjusted EPSquarter

31%

Diluted EPS up 57% and Adjusted Diluted EPS 2 up 31% from the prior-year period, driven by strong revenue growth and operating leverage.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Free cash flowytd

$1,718 million

Year-to-date operating cash flow of $1,718 million up 32% Free Cash Flow 2 of $1,532 million up 34%.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Free cash flowQ2 2026

32%

Year-to-date operating cash flow of $1,718 million up 32% Free Cash Flow 2 of $1,532 million up 34%.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Revenuequarter

4%

1 SECOND QUARTER 2026 SEGMENT RESULTS Moody s Analytics (MA) Revenue increased 4% compared to the prior-year period.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Foreign currency translation favorably impacted revenue by 1%.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Revenue increased by 8% on an organic constant currency 2 basis.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Recurring revenuequarter

7%

Recurring revenue increased 7% year-over-year, or 9% on an organic constant currency 2 basis, and represented 99% of total MA revenue.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

AI analysis

Q2 2026 · reported Jul 22, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

MCO revenue · Q2 2026
$2.2B
EX-99 · Jul 22, 2026
Operating margin · Q2 2026
47.9%
EX-99 · Jul 22, 2026
Adjusted operating margin · Q2 2026
55.3%
EX-99 · Jul 22, 2026

Headline figures

MetricQ2 2026Prior qtrYear ago
MCO revenue$2.2 billion——
Operating margin47.9%——
Adjusted operating margin55.3%——
EPS57%——
Adjusted EPS31%——
Free cash flow32%——
Revenue4%——
Recurring revenue7%——

EX-99 · Jul 22, 2026

Guidance · company-stated

Direction: Raised

Company outlook

“Repurchased approximately $2.2 billion of shares year-to-date and raised full-year repurchase guidance to up to $3.0 billion .”

Revenue

“Reaffirmed guidance for full-year 2026 MCO revenue growth 1 in the high-single digit percent range and narrowed Adjusted Diluted EPS 1 guidance range to $16.50 to $17.00.”

Company outlook

“unemployment rate 4.0% to 5.0% during 2026 NC Global speculative grade default rate To finish at around 3% by year-end NC Global MIS rated issuance Increase in the low-single-digit percent range Increase in the mid-single-digit percent range GBP USD exchange rate $1.32 for the remainder of the year $1.33 for the remainder of the year EUR USD exchange rate $1.15 for the remainder of the year $1.14 for the remainder of the year NC - There is no difference between the Company s current guidance and the last publicly disclosed guidance for this item.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating margin47.9%
Adjusted operating margin55.3%

Cash flow & capex

Free cash flow$1,718M
Free cash flow32%

Capital allocation

Dividend$2.2B
Capex$100M

Repurchased approximately $2.2 billion of shares year-to-date and raised full-year repurchase guidance to up to $3.0 billion .

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Moody's delivered exceptional results in the second quarter, reflecting both strong execution and the growing importance of trusted, decision-grade intelligence in an increasingly complex world

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “Repurchased approximately $2.2 billion of shares year-to-date and raised full-year repurchase guidance to up to $3.0 billion .”

Revenue: “Reaffirmed guidance for full-year 2026 MCO revenue growth 1 in the high-single digit percent range and narrowed Adjusted Diluted EPS 1 guidance range to $16.50 to $17.00.”

Company outlook: “unemployment rate 4.0% to 5.0% during 2026 NC Global speculative grade default rate To finish at around 3% by year-end NC Global MIS rated issuance Increase in the low-single-digit percent range Increase in the mid-single-digit percent range GBP USD exchange rate $1.32 for the remainder of the year $1.33 for the remainder of the year EUR USD exchange rate $1.15 for the remainder of the year $1.14 for the remainder of the year NC - There is no difference between the Company s current guidance and the last publicly disclosed guidance for this item.”

Company outlook — Raised (“raised”)
“Repurchased approximately $2.2 billion of shares year-to-date and raised full-year repurchase guidance to up to $3.0 billion .”

Revenue — Reiterated (“Reaffirmed”)
“Reaffirmed guidance for full-year 2026 MCO revenue growth 1 in the high-single digit percent range and narrowed Adjusted Diluted EPS 1 guidance range to $16.50 to $17.00.”

Company outlook — Raised (“Increase”)
“unemployment rate 4.0% to 5.0% during 2026 NC Global speculative grade default rate To finish at around 3% by year-end NC Global MIS rated issuance Increase in the low-single-digit percent range Increase in the mid-single-digit percent range GBP USD exchange rate $1.32 for the remainder of the year $1.33 for the remainder of the year EUR USD exchange rate $1.15 for the remainder of the year $1.14 for the remainder of the year NC - There is no difference between the Company s current guidance and the last publicly disclosed guidance for this item.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Repurchased approximately $2.2 billion of shares year-to-date and raised full-year repurchase guidance to up to $3.0 billion .

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

CAPITAL RETURN Moody s returned approximately $2.5 billion to shareholders in the first half of 2026, consisting of approximately $2.2 billion in share repurchases and $365 million in dividends.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

On July 21, 2026, the Moody s Board of Directors declared a regular quarterly dividend of $1.03 per share of MCO Common Stock.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

The dividend will be payable on September 4, 2026, to shareholders of record at the close of business on August 14, 2026.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

(6) Approximately $100 million in incremental capital expenditures is associated with office relocations in New York and London.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

These assumptions include, but are not limited to, the effects of current economic conditions, including tariff and trade policies, the effects of interest rates, inflation, foreign currency exchange rates, capital markets liquidity, and activity in different sectors of the debt markets.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Strategy & priorities

(2) Downside risk from the conflict in the Middle East to undermine the ongoing economic expansion.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

and foreign government initiatives and monetary policy to respond to the current economic climate, including instability of financial institutions, credit quality concerns, and other potential impacts of volatility in financial and credit markets the impact of geopolitical events and actions, such as the Russia-Ukraine military conflict, military conflicts in the Middle East, and tensions between India and Pakistan, and of tensions and disputes in political and global relations, on volatility in world financial markets, on general economic conditions and GDP in the U.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

and abroad the impact of MIS s withdrawal of its credit ratings on countries or entities within countries and of Moody s no longer conducting commercial operations in countries where political instability warrants such actions concerns in the marketplace affecting our credibility or otherwise affecting market perceptions of the integrity or utility of independent credit agency ratings the introduction or development of competing and or emerging technologies and products pricing pressure from competitors and or customers the level of success of new product development and global expansion the impact of regulation as an NRSRO, the potential for new U.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

legislation modifying the pleading standards and EU regulations modifying the liability standards applicable to CRAs in a manner adverse to CRAs provisions of EU regulations imposing additional procedural and substantive requirements on the pricing of services and the expansion of supervisory remit to include non-EU ratings used for regulatory purposes uncertainty regarding the future relationship between the U.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

and China the possible loss of key employees and the impact of the global labor environment failures or malfunctions of our operations and infrastructure any vulnerabilities to cyber threats or other cybersecurity concerns the timing and effectiveness of our restructuring programs currency and foreign exchange volatility the outcome of any review by tax authorities of Moody s global tax planning initiatives exposure to potential criminal sanctions or civil remedies if Moody s fails to comply with foreign and U.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Risks & headwinds

These assumptions include, but are not limited to, the effects of current economic conditions, including tariff and trade policies, the effects of interest rates, inflation, foreign currency exchange rates, capital markets liquidity, and activity in different sectors of the debt markets.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

This outlook also reflects uncertainties about global GDP growth and could be affected by the impact of changes in international economic conditions, geopolitical events, and international trade and economic policies.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Those factors, risks and uncertainties include, but are not limited to the uncertain effects of U.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

, state and local legislation and regulations the potential for increased competition and regulation in the jurisdictions in which we operate, including the EU exposure to litigation related to our rating opinions, as well as any other litigation, government and regulatory proceedings, investigations and inquiries to which Moody s may be subject from time to time provisions in U.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

legislation modifying the pleading standards and EU regulations modifying the liability standards applicable to CRAs in a manner adverse to CRAs provisions of EU regulations imposing additional procedural and substantive requirements on the pricing of services and the expansion of supervisory remit to include non-EU ratings used for regulatory purposes uncertainty regarding the future relationship between the U.

SEC original ↗Moody's Corporation — Earnings release (8-K exhibit)EX-99Jul 22, 2026

Documents

Earnings deck slides

0 decks with slide view

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Moody's Corporation — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials

Filings

61 documents

Earnings releases

11 documents

Presentations

9 documents

Transcripts

0 documents

No transcripts for Moody's Corporation are held in this edition of the library.

Mentioned by

5 companies

Other tracked companies whose held documents mention Moody's Corporation by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.