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
$7.09B
FY2024
NI
$2.06B
FY2024
EPS
$11.32
FY2024
OCF
$2.84B
FY2024
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
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.
MOODYS CORP /DE/ 8-K Report, Financial Results (Feb 18, 2026)
Moody's Corporation (MCO) has filed an 8-K report announcing its financial results for the fourth quarter and full year ended December 31, 2025, along with its financial outlook for 2026. This filing provides investors with key performance indicators and future projections from the company. The press release detailing these results is attached as Exhibit 99.1, offering a comprehensive overview of the company's recent financial activities and strategic direction. Investors should pay close attention to the details within the press release to understand the drivers of MCO's performance in 2025 and the assumptions underpinning its 2026 outlook. This includes evaluating revenue growth, profitability, and any segment-specific performance that may influence the company's overall trajectory. The forward-looking statements within the release will be crucial for assessing future investment potential.
MOODYS CORP /DE/ 8-K Report, Executive Changes (Jan 12, 2026)
Moody's Corporation (MCO) announced a significant addition to its Board of Directors, with Ms. Lisa P. Sawicki being elected as a director, effective March 16, 2026. Ms. Sawicki brings extensive experience from her tenure at PricewaterhouseCoopers LLP (PwC), where she held various leadership positions, including Chair of the Global Board and Client Partner. Her expertise in financial services and assurance is expected to be a valuable asset to Moody's. With Ms. Sawicki's appointment, the Board will expand to ten directors. She will also serve on the Audit and Governance & Nominating Committees. Her compensation package includes an annual cash retainer of $120,000 and a restricted stock unit award valued at $150,000, vesting one year after grant. This strategic board expansion aims to leverage Ms. Sawicki's deep industry knowledge to further strengthen Moody's governance and oversight.
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