Moody's CorporationMCOEarnings & Financial Report
Moody's Ratings is the credit ratings division of Moody's Corporation. It was known as Moody's Investors Service until March 2024, when the unit was rebranded as Moody's Ratings. Moody's Ratings provides international financial research on bonds issued by commercial and government entities. Along with Standard & Poor's and Fitch Group, Moody's is one of the Big Three credit rating agencies.
MCO Q1 FY2026 Key Financial Metrics
Revenue
$2.1B
Gross Profit
N/A
Operating Profit
$922.0M
Net Profit
$661.0M
Gross Margin
N/A
Operating Margin
44.3%
Net Margin
31.8%
YoY Growth
8.1%
EPS
$3.73
Moody's Corporation Q1 FY2026 Financial Summary
Moody's Corporation reported revenue of $2.1B (up 8.1% YoY) for Q1 FY2026, with a net profit of $661.0M (up 5.8% YoY) (31.8% margin).
Key Financial Metrics
| Total Revenue | $2.1B |
|---|---|
| Net Profit | $661.0M |
| Gross Margin | N/A |
| Operating Margin | 44.3% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Moody's Corporation Q1 FY2026 revenue of $2.1B breaks down across 3 segments, led by external at $926.0M (44.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| external | $926.0M | 44.5% |
| MIS Transaction | $790.0M | 38.0% |
| MIS Recurring | $363.0M | 17.5% |
Moody's Corporation Annual Revenue by Year
Moody's Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.7B).
Moody's Corporation Quarterly Revenue & Net Profit History
Moody's Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $2.1B | +8.1% | $661.0M | 31.8% |
| Q4 FY2025 | $1.9B | +13.0% | $610.0M | 32.3% |
| Q3 FY2025 | $2.0B | +10.7% | $646.0M | 32.2% |
| Q2 FY2025 | $1.9B | +4.5% | $578.0M | 30.5% |
| Q1 FY2025 | $1.9B | +7.7% | $625.0M | 32.5% |
| Q4 FY2024 | $1.7B | +13.0% | $395.0M | 23.6% |
| Q3 FY2024 | $1.8B | +23.2% | $534.0M | 29.5% |
| Q2 FY2024 | $1.8B | +21.6% | $552.0M | 30.4% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.82B | $1.81B | $1.67B | $1.92B | $1.90B | $2.01B | $1.89B | $2.08B |
| YoY Growth | 21.6% | 23.2% | 13.0% | 7.7% | 4.5% | 10.7% | 13.0% | 8.1% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $15.01B | $15.77B | $15.51B | $15.10B | $15.49B | $15.41B | $15.83B | $14.73B |
| Liabilities | $11.07B | $11.70B | $11.78B | $11.24B | $11.38B | $11.30B | $11.63B | $11.59B |
| Equity | $3.78B | $3.90B | $3.56B | $3.70B | $3.95B | $3.96B | $4.05B | $3.14B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $686.0M | $703.0M | $674.0M | $757.0M | $543.0M | $743.0M | $858.0M | $939.0M |