MOODYS CORP /DE/MCO
MOODYS CORP /DE/ Financial Overview 2021–2025
Updated Jul 10, 2026Despite a brutal credit market freeze that triggered a 29% revenue contraction in its ratings segment during FY2022, Moody's Corporation engineered a structural rebound that generated a 43.4% operating margin by the close of FY2025. This data reveals a highly durable dual-engine model: a resilient subscription-based analytics business successfully insulates the bottom line during cyclical debt issuance droughts, positioning the firm to capture outsized profitability when capital markets thaw.
The company's long-term trajectory highlights this underlying stability, as total revenue grew from $6.218 billion in FY2021 to $7.718 billion in FY2025. To navigate the intervening macroeconomic volatility, the Moody's Analytics segment acted as a vital shock absorber, consistently expanding its software and data offerings to offset cyclical weakness. When global debt issuance finally normalized, the Moody's Investors Service segment aggressively capitalized on the momentum, delivering a 33% revenue surge in FY2024.
This operational leverage cascaded straight down the income statement. By the end of FY2025, the company posted $13.67 diluted EPS, reflecting 21% year-over-year growth. Flush with cash, management rapidly accelerated its capital returns, executing heavy buybacks and authorizing an additional $4 billion in share repurchases during Q3 2025. The market assigned a clear premium to this pricing power and segment diversity; at the close of FY2025, Moody's stock finished at $510.85, trading at a valuation multiple of 37.4x earnings.
Recent Developments (Q4 2025 and Q1 2026)
Moody's maintained its momentum through Q1 2026, generating total revenue of $2.08 billion, an 8% increase year-over-year. The Analytics and Investors Service segments expanded uniformly, each posting 8% revenue growth. Operational discipline drove adjusted operating margins to 53.2%, a gain of 150 basis points, while free cash flow surged 25% to $844 million. The company also announced a major leadership transition, appointing Christina Kosmowski as the new Chief Executive Officer of Moody's Analytics, effective June 2026.
Bulls highlight the firm's prolific cash generation and commitment to shareholder returns, underscored by $1.47 billion in share repurchases executed during Q1 2026. Conversely, bears warn that the stock commands a substantial premium, trading at 40.2x earnings as of the Q1 2026 reporting date.
What to watch: leadership transition impacts under the new Moody's Analytics CEO; sustained momentum in investment-grade corporate finance issuance.
Rev
$7.72B
FY2025
NI
$2.46B
FY2025
EPS
$13.73
FY2025
OCF
$2.90B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
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Recent SEC Filings
MOODYS CORP /DE/ 8-K Report, Executive Changes (Aug 12, 2026)
Moody's Corporation announced a significant addition to its Board of Directors with the election of Mr. Keith Demmings, effective November 1, 2026. Mr. Demmings brings extensive executive leadership experience, notably as President and CEO of Assurant, Inc., where he demonstrated a strong track record in strategic oversight, financial performance, and global growth across various business segments and international markets. His appointment is expected to bring valuable expertise to Moody's as the company navigates its strategic objectives and enhances its governance structure. Mr. Demmings's compensation as a non-employee director will include an annual cash retainer of $120,000, paid quarterly, and an annual restricted stock unit award valued at $230,000, vesting one year after the grant date. This move suggests a continued focus on strengthening the board's capabilities with seasoned industry leaders. The company has also furnished a press release detailing this appointment as an exhibit to its 8-K filing.
MOODYS CORP /DE/ 8-K Report, Financial Results (Jul 22, 2026)
Moody's Corporation (MCO) filed an 8-K on July 22, 2026, to disclose its financial results for the quarter ended June 30, 2026, and its updated 2026 outlook. The report primarily serves as a vehicle to disseminate this information to investors, with the detailed financial performance and forward-looking statements contained within the accompanying press release (Exhibit 99.1). Investors should review the press release for specifics on revenue, earnings, and any changes to the company's financial guidance. This 8-K filing itself does not contain extensive narrative analysis but directs stakeholders to the official earnings announcement for critical performance data and strategic insights.
MOODYS CORP /DE/ 8-K Report, Financial Results (Apr 22, 2026)
Moody's Corporation (MCO) has filed an 8-K report on April 22, 2026, disclosing its financial results for the first quarter ended March 31, 2026, and providing an updated outlook for the full year 2026. The press release containing these details is attached as Exhibit 99.1. This filing serves to inform investors of the company's performance and future expectations, enabling them to make informed investment decisions. While specific financial figures are not detailed within the provided text of the 8-K, investors should refer to the full press release (Exhibit 99.1) for comprehensive information on revenue, earnings per share, segment performance, and any forward-looking guidance provided by management. The company is making this information public under Regulation FD, ensuring fair and equal dissemination of material information to all stakeholders.
MOODYS CORP /DE/ 8-K Report, Shareholder Vote Results (Apr 16, 2026)
Moody's Corporation (MCO) filed an 8-K on April 16, 2026, reporting the results of its 2026 Annual Meeting of Stockholders held on April 14, 2026. The primary focus of the filing is the voting outcomes on several key corporate governance matters. All ten nominated directors were elected to serve one-year terms, indicating strong shareholder support for the current board composition. Furthermore, shareholders overwhelmingly ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for 2026, signaling confidence in the external audit process. The advisory resolution on executive compensation also received majority approval, suggesting general satisfaction with the company's pay practices for its leadership.
MOODYS CORP /DE/ 8-K Report, Regulation FD Disclosure (Apr 15, 2026)
Moody's Corporation (MCO) has announced a significant leadership change within its Moody's Analytics division. Effective June 2026, Christina Kosmowski will assume the role of Chief Executive Officer of Moody's Analytics. Ms. Kosmowski brings extensive experience, spanning nearly three decades in the enterprise technology sector, with a demonstrated history of fostering growth, cultivating strong client relationships, and leveraging innovation for business success at major technology firms.
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