MCO · MOODYS CORP /DE/
26 filings
MCO 10-K Annual Reports
MOODYS CORP /DE/ - 26 annual reports
MCO filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 128 current reports (8-K) between 2016 and 2026.
- 8-K · Feb 5, 2016
- 8-K · Feb 10, 2016
- 10-K · Feb 25, 2016
- 8-K · Apr 4, 2016
- 8-K · Apr 6, 2016
- 8-K · Apr 15, 2016
- 8-K · Apr 29, 2016
- 10-Q · May 4, 2016
- 8-K · Jun 1, 2016
- 8-K · Jul 22, 2016
- 10-Q · Jul 28, 2016
- 8-K · Aug 3, 2016
- 8-K · Oct 21, 2016
- 10-Q · Oct 24, 2016
- 8-K · Jan 17, 2017
- 8-K · Feb 17, 2017
- 10-K · Feb 24, 2017
- 8-K · Mar 1, 2017
- 8-K · Mar 3, 2017
- 8-K · May 1, 2017
- 8-K · May 5, 2017
- 10-Q · May 9, 2017
- 8-K · May 15, 2017
- 8-K · Jun 2, 2017
- 8-K · Jun 12, 2017
- 8-K · Jul 21, 2017
- 10-Q · Jul 27, 2017
- 8-K · Aug 10, 2017
- 8-K/A · Oct 26, 2017
- 8-K · Nov 3, 2017
- 10-Q · Nov 9, 2017
- 8-K · Dec 22, 2017
- 8-K · Jan 29, 2018
- 8-K · Feb 9, 2018
- 8-K · Feb 16, 2018
- 10-K · Feb 27, 2018
- 8-K · Mar 30, 2018
- 8-K · Apr 20, 2018
- 8-K · Apr 27, 2018
- 8-K · Apr 30, 2018
- 10-Q · May 1, 2018
- 8-K · May 9, 2018
- 8-K · Jun 1, 2018
- 8-K · Jun 7, 2018
- 8-K · Jul 27, 2018
- 8-K · Jul 31, 2018
- 10-Q · Aug 2, 2018
- 8-K · Oct 26, 2018
- 10-Q · Oct 31, 2018
- 8-K · Nov 8, 2018
- 8-K · Nov 20, 2018
- 8-K · Dec 3, 2018
- 8-K · Dec 7, 2018
- 8-K · Dec 21, 2018
- 8-K · Feb 13, 2019
- 8-K · Feb 15, 2019
- 10-K · Feb 25, 2019
- 8-K · Apr 17, 2019
- 8-K · Apr 24, 2019
- 10-Q · May 2, 2019
- 8-K · Jul 31, 2019
- 10-Q · Aug 2, 2019
- 8-K · Sep 24, 2019
- 8-K · Oct 25, 2019
- 8-K · Oct 30, 2019
- 10-Q · Nov 1, 2019
- 8-K · Nov 15, 2019
- 8-K · Nov 25, 2019
- 8-K · Feb 12, 2020
- 10-K · Feb 24, 2020
- 8-K · Mar 11, 2020
- 8-K · Mar 25, 2020
- 8-K · Apr 27, 2020
- 8-K · Apr 30, 2020
- 10-Q · May 1, 2020
- 8-K · May 18, 2020
- 8-K · May 20, 2020
- 8-K · Jul 30, 2020
- 10-Q · Jul 31, 2020
- 8-K · Aug 6, 2020
- 8-K · Aug 18, 2020
- 8-K · Oct 22, 2020
- 8-K · Oct 29, 2020
- 10-Q · Oct 30, 2020
- 8-K · Dec 18, 2020
- 8-K · Dec 18, 2020
- 8-K · Feb 12, 2021
- 10-K · Feb 22, 2021
- 8-K · Apr 26, 2021
- 8-K · Apr 28, 2021
- 10-Q · Apr 29, 2021
- 8-K · Jun 17, 2021
- 8-K · Jul 28, 2021
- 10-Q · Jul 30, 2021
- 8-K · Aug 5, 2021
- 8-K · Aug 6, 2021
- 8-K · Aug 11, 2021
- 8-K · Aug 19, 2021
- 8-K · Sep 15, 2021
- 8-K · Oct 28, 2021
- 10-Q · Oct 29, 2021
- 8-K · Nov 16, 2021
- 8-K · Nov 30, 2021
- 8-K · Dec 20, 2021
- 8-K · Feb 10, 2022
- 10-K · Feb 22, 2022
- 8-K · Feb 28, 2022
- 10-Q · May 2, 2022
- 8-K · May 2, 2022
- 8-K · May 2, 2022
- 8-K · Jul 26, 2022
- 10-Q · Jul 27, 2022
- 8-K · Aug 2, 2022
- 8-K · Aug 8, 2022
- 8-K · Oct 18, 2022
- 8-K · Oct 25, 2022
- 10-Q · Oct 26, 2022
- 8-K · Nov 30, 2022
- 8-K · Dec 14, 2022
- 8-K · Dec 21, 2022
- 8-K · Jan 31, 2023
- 10-K · Feb 15, 2023
- 8-K · Apr 21, 2023
- 8-K · Apr 25, 2023
- 10-Q · Apr 26, 2023
- 8-K · Jul 25, 2023
- 10-Q · Jul 26, 2023
- 8-K · Jul 28, 2023
- 8-K · Aug 3, 2023
- 8-K · Aug 4, 2023
- 8-K · Oct 25, 2023
- 10-Q · Oct 26, 2023
- 8-K · Feb 13, 2024
- 10-K · Feb 14, 2024
- 8-K · Feb 23, 2024
- 8-K · Apr 19, 2024
- 8-K · May 2, 2024
- 10-Q · May 2, 2024
- 8-K · May 6, 2024
- 8-K · Jul 23, 2024
- 10-Q · Jul 24, 2024
- 8-K · Jul 31, 2024
- 8-K · Aug 5, 2024
- 8-K · Oct 22, 2024
- 10-Q · Oct 23, 2024
- 8-K · Feb 12, 2025
- 8-K · Feb 13, 2025
- 10-K · Feb 14, 2025
- 8-K · Mar 11, 2025
- 8-K · Apr 15, 2025
- 8-K · Apr 22, 2025
- 10-Q · Apr 23, 2025
- 8-K · Jul 16, 2025
- 8-K · Jul 21, 2025
- 8-K · Jul 23, 2025
- 10-Q · Jul 24, 2025
- 8-K · Aug 21, 2025
- 8-K · Oct 17, 2025
- 8-K · Oct 22, 2025
- 10-Q · Oct 23, 2025
- 8-K · Dec 19, 2025
- 8-K · Jan 12, 2026
- 10-K · Feb 18, 2026
- 8-K · Feb 18, 2026
- 8-K · Apr 15, 2026
- 8-K · Apr 16, 2026
- 8-K · Apr 22, 2026
- 10-Q · Apr 23, 2026
- 8-K · Jul 22, 2026
- 10-Q · Jul 23, 2026
- 8-K · Aug 12, 2026
- 2025Feb 18, 2026
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2025
Moody's Corporation (MCO) reported a strong financial performance for the fiscal year ending December 31, 2025, with total revenue increasing by 9% to $7.718 billion. This growth was driven by robust performance in both the Moody's Analytics (MA) and Moody's Investors Service (MIS) segments, each seeing a 9% rise in external revenue. The company experienced significant operating margin expansion, reaching 43.4% (or 51.1% on an adjusted basis), reflecting effective cost management alongside revenue growth. Diluted EPS saw a substantial increase of 21% to $13.67 (or 20% adjusted to $14.94), benefiting from improved profitability and a favorable effective tax rate. Moody's continued to invest in its business, with growth in MA driven by strong demand for insurance and KYC offerings, while MIS benefited from healthy investor demand and tight credit spreads. The company also demonstrated a commitment to shareholder returns, repurchasing shares and maintaining its dividend. Despite economic uncertainties and global risks, Moody's remains strategically positioned to leverage its data, analytics, and credit rating expertise. Investments in AI and data capabilities are central to its strategy for navigating future growth in an increasingly complex risk landscape. The company's outlook is positive, supported by secular trends in global finance and its ability to adapt to evolving market demands and technological advancements.
- 2024Feb 14, 2025
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2024
Moody's Corporation (MCO) reported a strong 2024, with total revenue increasing by 20% year-over-year, driven by robust growth in both its Moody's Analytics (MA) and Moody's Investors Service (MIS) segments. MIS saw a significant 33% revenue surge, largely due to favorable market conditions in debt capital markets, including tight credit spreads and declining interest rates, which stimulated strong refinancing activity. The MA segment experienced a more moderate 8% revenue growth, supported by sustained demand for its KYC and insurance offerings, along with continued uptake of its data and research products. The company demonstrated solid profitability, with its operating margin improving to 40.6% and adjusted operating margin reaching 48.1%. This expansion was attributed to strong revenue growth outpacing expense increases. Moody's also maintained a proactive approach to capital allocation, repurchasing shares and returning capital to shareholders, while investing in strategic initiatives such as technology and product development. The company is well-positioned to leverage trends like the enablement of Generative AI and the increasing need for integrated risk assessment solutions.
- 2023Feb 14, 2024
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2023
Moody's Corporation (MCO) reported a solid performance for the fiscal year ended December 31, 2023. The company demonstrated revenue growth across both its major segments: Moody's Analytics (MA) and Moody's Investors Service (MIS). MA experienced a 10% increase in external revenue, driven by sustained demand for KYC solutions, growth in insurance products and SaaS-based banking offerings, and strong retention for data feeds. MIS saw a 6% rise in external revenue, primarily supported by increased investment-grade and speculative-grade corporate debt issuance, along with higher infrastructure finance issuance, though structured finance activity saw a decline. Overall, Moody's reported an 8% increase in total revenue to $5.92 billion. The company managed its expenses effectively, leading to an improvement in its operating margin to 36.1% and an adjusted operating margin of 43.9%. Diluted Earnings Per Share (EPS) also saw a significant increase of 17% to $8.73, partly boosted by favorable tax resolutions. The company continues to prioritize shareholder value through dividends and share repurchases, underscoring a stable financial position despite a volatile macroeconomic environment.
- 2022Feb 15, 2023
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2022
Moody's Corporation (MCO) reported a decline in total revenue for the year ended December 31, 2022, primarily due to a significant decrease in revenue from its Moody's Investors Service (MIS) segment, which was impacted by muted credit market activity and global economic uncertainties. This decline was partially offset by revenue growth in the Moody's Analytics (MA) segment, driven by acquisitions and strong organic growth across its lines of business, particularly in KYC and compliance solutions. Despite the revenue headwinds, Moody's Analytics demonstrated robust performance with a 15% increase in revenue and a 420 basis point improvement in adjusted operating margin. The company also reported healthy free cash flow generation. Looking ahead, Moody's sees a favorable long-term outlook for the global fixed-income market and related financial information markets, expecting continued demand for its integrated risk assessment solutions. However, investors should remain aware of the significant risks related to macroeconomic volatility, regulatory changes, and competitive pressures highlighted in the filing.
- 2021Feb 22, 2022
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2021
Moody's Corporation reported a strong performance in its 2021 10-K filing, with total revenue increasing by 16% year-over-year, driven by robust growth in both its Moody's Investors Service (MIS) and Moody's Analytics (MA) segments. This growth was fueled by increased debt issuance, particularly in leveraged finance and structured finance within MIS, and strong demand for KYC and compliance solutions, along with research and data feeds in MA. The company also benefited from inorganic growth through strategic acquisitions, including RMS and PassFort, which expanded its capabilities in climate risk modeling and identity verification, respectively. Moody's demonstrated healthy operating margins, with an expansion in both reported and adjusted operating margins, reflecting effective cost management and strong revenue growth outpacing expense increases. The company also continued its commitment to shareholder returns through share repurchases and dividends. Despite the overall positive results, Moody's operates in a highly regulated environment and faces ongoing risks related to legal and regulatory changes, competition, and cybersecurity threats. The company also highlighted its commitment to sustainability and diversity, equity, and inclusion initiatives as integral parts of its business strategy.
- 2020Feb 22, 2021
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2020
Moody's Corporation (MCO) reported a strong performance for the fiscal year ending December 31, 2020, demonstrating robust revenue growth driven by increased debt issuance activity across its segments, particularly in corporate finance. The company's "Moody's Investors Service" (MIS) segment saw significant growth fueled by higher corporate debt issuance as companies sought to bolster liquidity amid COVID-19 uncertainties and refinance existing debt. The "Moody's Analytics" (MA) segment also experienced growth, driven by strong renewals and new sales of credit research and data feeds, as well as demand for Know Your Customer (KYC) and compliance solutions. Despite increased operating expenses, Moody's managed to expand its operating margin, reflecting effective cost management and revenue growth. Looking ahead, Moody's remains focused on its strategy of integrated risk assessment, investing in data and analytics capabilities, and expanding its global reach. The company navigated the challenges presented by the COVID-19 pandemic, maintaining operations with adequate liquidity and demonstrating resilience.
- 2019Feb 24, 2020
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2019
Moody's Corporation (MCO) reported solid performance for the fiscal year ended December 31, 2019. The company demonstrated revenue growth across both its Moody's Investors Service (MIS) and Moody's Analytics (MA) segments, driven by favorable market conditions in debt issuance for MIS and increased demand for data and analytical tools from MA. Acquisitions made during the year, such as Vigeo Eiris, Four Twenty Seven, and RiskFirst, are expected to contribute to future growth, particularly in the ESG and risk management solutions areas. The company also completed the divestiture of its MAKS business, refining its strategic focus. Moody's continues to prioritize investments in technology and product development to enhance its offerings and maintain its competitive position in the global financial information and credit rating markets.
- 2018Feb 25, 2019
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2018
Moody's Corporation (MCO) reported strong revenue growth in its 2018 10-K filing, primarily driven by its Moody's Analytics (MA) segment, which saw a 21% increase in external revenue. This growth was significantly boosted by acquisitions, including Bureau van Dijk, Reis, and Omega Performance. While Moody's Investors Service (MIS) experienced a slight revenue decline of 2% due to lower corporate and public finance issuance, it was partially offset by favorable product mix and pricing. The company's overall revenue increased by 6% to $4.44 billion, with operating income rising by 3% to $1.87 billion. Moody's also benefited from a lower effective tax rate in 2018, following the U.S. Tax Act, which contributed to a 31% increase in diluted EPS to $6.74. The company continued its strategic investments in growing areas and acquisitions to enhance its data, analytics, and risk management solutions, positioning itself for long-term growth in increasingly complex financial markets.
- 2017Feb 27, 2018
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2017
Moody's Corporation's 2017 10-K report details a strong year driven by significant revenue growth across both its core credit rating services (MIS) and its data and analytics segment (MA). The acquisition of Bureau van Dijk for €3.0 billion in August 2017 was a major strategic move, substantially expanding the MA segment's capabilities and contributing significantly to overall revenue growth. Despite a substantial settlement charge in the prior year (2016), the company demonstrated robust operational performance in 2017, with increased operating income and improved margins. Key drivers for revenue growth included strong leveraged finance issuance, increased demand for credit research and data subscriptions, and successful integration of acquired businesses. The company continues to invest in strategic growth opportunities, focusing on expanding its data and analytics offerings and leveraging its brand in emerging markets. While facing regulatory scrutiny and competitive pressures inherent in the financial information industry, Moody's strategy appears focused on defending its ratings business while actively building out its analytics and data solutions.
- 2016Feb 24, 2017
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2016
Moody's Corporation (MCO) reported strong revenue growth in 2016, driven by its Moody's Analytics (MA) segment, which saw a 7% increase, and a modest 2% rise in its Moody's Investors Service (MIS) segment. The company's overall revenue grew by 3% to $3.6 billion. However, operating income was significantly impacted by an $863.8 million settlement charge related to civil claims, resulting in a 57% decrease in operating income and a sharp decline in net income and diluted EPS compared to the previous year. Despite the substantial settlement charge, adjusted operating income and adjusted diluted EPS showed modest year-over-year growth, indicating underlying business resilience. Moody's continued its strategic focus on investing in growth opportunities, including acquisitions like GGY for its MA segment, and returning capital to shareholders through share repurchases and dividends. The company's strong recurring revenue base from its MA segment provides a buffer against the cyclicality of MIS revenue.
- 2015Feb 25, 2016
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2015
Moody's Corporation (MCO) reported a solid year in 2015, with a 5% increase in revenue to $3.48 billion, driven by growth in both its Moody's Investors Service (MIS) and Moody's Analytics (MA) segments. Excluding foreign exchange impacts, revenue grew by a stronger 9%. MIS saw revenue rise by 3% (8% ex-FX), supported by changes in fee mix, pricing initiatives, and increased issuance volumes for investment-grade corporate debt and structured finance. MA revenue grew 8% (12% ex-FX), primarily due to strong performance in Enterprise Risk Solutions (ERS) and Research, Data & Analytics (RD&A), offset by a decline in Professional Services. The company managed its expenses effectively, with operating income increasing by 2% to $1.47 billion, although operating margin slightly decreased due to investments and acquisitions. Moody's continued to return capital to shareholders through share repurchases and dividends, repurchasing approximately $1.1 billion in shares and paying out $1.39 per share in dividends.
- 2014Feb 26, 2015
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2014
Moody's Corporation's 2014 10-K filing reveals a strong financial performance characterized by significant revenue growth in both its core credit ratings business (MIS) and its analytics segment (MA). The company demonstrated robust operational income and healthy profit margins, buoyed by increased debt issuance activity across various sectors and expansion within its analytics offerings. Strategic acquisitions, including ICRA Ltd. and Copal Amba, aimed to strengthen its market position and diversify its revenue streams, particularly in emerging markets. Looking ahead, Moody's anticipates continued growth, driven by global economic expansion and increased demand for credit risk analysis and related services. However, the company acknowledges potential headwinds from evolving regulatory landscapes in the U.S. and EU, as well as ongoing litigation risks. Despite these challenges, Moody's remains committed to returning value to shareholders through share repurchases and dividends, while also investing in strategic growth initiatives and IT infrastructure to maintain its competitive edge.
- 2013-AFeb 27, 2014
MOODYS CORP /DE/ Annual Report (Amendment), Year Ended Dec 31, 2013
Moody's Corporation (MCO) reported strong financial performance for the fiscal year ended December 31, 2013. The company demonstrated consistent revenue growth, increasing from $2.28 billion in 2011 to $2.97 billion in 2013. Net income also showed a positive trend, rising from $571.4 million in 2011 to $804.5 million in 2013, with diluted EPS growing from $2.49 to $3.60 over the same period. Key financial highlights include robust cash flow generation, with net cash provided by operating activities reaching $926.8 million in 2013. The company also actively managed its capital structure, notably through significant share repurchases totaling $893.1 million in 2013. Moody's maintained effective internal controls over financial reporting, as confirmed by management and its independent auditor, KPMG LLP. The company's business segments, Moody's Investors Service (MIS) and Moody's Analytics (MA), both contributed positively to revenue, with MIS remaining the larger contributor.
- 2013Feb 27, 2014
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2013
Moody's Corporation (MCO) reported strong performance in its 2013 10-K filing, driven by growth across both its credit rating services (MIS) and analytics (MA) segments. The company demonstrated resilience and strategic execution, with a notable increase in revenue and operating income, signaling a positive recovery and growth trajectory following the broader market disruptions experienced in prior years. Key financial highlights include significant revenue growth, improved operating margins, and a strong free cash flow generation, which supported increased shareholder returns through share repurchases and dividends. The company's diversified business model, with both recurring revenue from analytics and transaction-based revenue from ratings, appears well-positioned to navigate market dynamics and capitalize on opportunities in global financial markets.
- 2012Feb 26, 2013
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2012
Moody's Corporation (MCO) reported strong revenue growth in 2012, with an increase of 20% year-over-year, driven by robust performance in both its Moody's Investors Service (MIS) and Moody's Analytics (MA) segments. The MIS segment saw significant growth across all lines of business, particularly in corporate finance, reflecting increased debt issuance activity. The MA segment also experienced growth across its divisions, boosted by recent acquisitions. The company's operating income grew by 21%, and diluted EPS saw a substantial increase, indicating improved profitability. Despite a $12.2 million goodwill impairment charge in the MA segment, Moody's demonstrated resilience, supported by its diversified business model and strategic investments. Looking ahead, Moody's expressed confidence in its long-term outlook, anticipating continued growth in global fixed-income markets and increased demand for its credit opinions, data, and risk management solutions. The company's strategic focus remains on defending and enhancing its core ratings business while expanding its analytics and risk management offerings. Moody's also reaffirmed its commitment to returning capital to shareholders through share repurchases and dividends.
- 2011Feb 27, 2012
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2011
Moody's Corporation (MCO) reported strong revenue growth in 2011, with total revenue reaching $2.28 billion, a 12% increase from 2010. This growth was driven by robust performance in both its Moody's Investors Service (MIS) segment, particularly in corporate finance and structured finance ratings, and its Moody's Analytics (MA) segment, fueled by acquisitions and increased demand for risk management solutions. The company navigated a complex economic environment, with international revenue showing significant growth, up 17%. Despite increased operating and SG&A expenses, largely due to higher compensation costs and investments in technology, Moody's maintained a healthy operating income of $888.4 million, a 15% increase year-over-year. Diluted Earnings Per Share (EPS) also saw a positive trend, reaching $2.49, up 16% from the previous year. Key risk factors highlighted include the rapidly evolving regulatory landscape for credit rating agencies, exposure to litigation, and the ongoing volatility in global capital markets. However, Moody's strategy to defend and enhance its core rating business while investing in growth areas within its analytics segment positions it to leverage long-term market trends.
- 2010Feb 28, 2011
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2010
Moody's Corporation reported solid revenue growth in 2010, driven by increased debt issuance activity, particularly in the corporate finance and financial institutions sectors. The company's revenue increased by 13% to $2.03 billion, with operating income rising by 12% to $772.8 million. This performance reflects a recovery in capital markets following the 2008 financial crisis, although structured finance issuance remained below peak levels. The company's business is structured into two segments: Moody's Investors Service (MIS) for ratings and Moody's Analytics (MA) for research, data, software, and training. Both segments contributed to the revenue growth, with MIS benefiting from higher transaction volumes and MA seeing increased demand across its product lines. Moody's operations are subject to significant regulatory scrutiny and evolving legislation, particularly following the financial crisis. The company highlights efforts to comply with new regulations and manage potential conflicts of interest through its business segment structure. Despite regulatory headwinds and ongoing litigation, Moody's remains focused on expanding its global reach, developing new products, and leveraging technology to enhance customer service. The company also reaffirmed its commitment to returning capital to shareholders through share repurchases and dividends.
- 2009Mar 1, 2010
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2009
Moody's Corporation (MCO) filed its 2009 10-K on February 28, 2010, reporting on its performance during the fiscal year ending December 30, 2009. The company, a leading provider of credit ratings, research, and risk management solutions, navigated a challenging economic environment, with revenue increasing slightly year-over-year to $1.8 billion. This growth was primarily driven by a rebound in corporate finance ratings, particularly in investment-grade and high-yield debt, partially offsetting continued declines in structured finance issuance. The Moody's Analytics segment also saw growth, bolstered by acquisitions. Despite revenue growth, operating income saw a decrease due to increased expenses related to acquisitions, restructuring plans, and higher professional services costs. The company's financial position remained stable, with a focus on managing costs and strategic investments to position for future recovery in global credit markets. Moody's remains committed to its growth strategies, including international expansion and product development, while also closely monitoring evolving regulatory landscapes impacting the credit rating industry.
- 2008Mar 2, 2009
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2008
Moody's Corporation (MCO) reported a significant revenue decline of 22.3% in 2008 to $1.76 billion, primarily driven by a 32.3% drop in revenue from its Moody's Investors Service (MIS) segment. This decline was attributed to the severe credit market disruptions that began in mid-2007, leading to a substantial reduction in debt issuance activity. Despite the challenging market, Moody's Analytics (MA) segment showed resilience, with revenue growing by 14.9% to $550.7 million, driven by strong performance in subscriptions, software, and consulting. Operating income decreased by 33.8% to $748.2 million, reflecting the impact of lower revenue and increased expenses related to depreciation and amortization, partly due to acquisitions and asset impairments. Diluted Earnings Per Share (EPS) fell to $1.87 from $2.58 in the prior year. The company's balance sheet shows total assets of $1.77 billion and shareholders' deficit of $994.4 million, indicating the impact of the market downturn and share repurchases. Moody's continues to manage its financial resources, with a share repurchase program in place and a focus on cost control measures to navigate the uncertain economic environment.
- 2007Feb 29, 2008
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2007
Moody's Corporation reported a modest revenue increase of 10.9% to $2.26 billion for the fiscal year ended December 31, 2007. While overall revenue grew, the company experienced a significant slowdown in its structured finance business in the latter half of the year due to credit market turmoil, particularly impacting U.S. markets. This led to a $50 million restructuring charge. Net income decreased by 7.0% to $701.5 million, and earnings per diluted share were $2.58. The company actively managed its capital by repurchasing shares and paying dividends, while also undertaking a significant corporate reorganization to separate its ratings business (Moody's Investors Service) from its other commercial activities (Moody's Analytics). Looking ahead, Moody's projected a decline in revenue for 2008, citing continued weakness in certain market sectors, especially structured finance. Despite these headwinds, the company continued to invest in its Moody's Analytics segment, anticipating growth in its data and risk management solutions. Regulatory reviews of credit rating agencies were ongoing, with potential impacts on the business model and costs.
- 2006Mar 1, 2007
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2006
Moody's Corporation's 2006 10-K filing reveals a strong year characterized by significant revenue growth and healthy profitability. The company, a leading provider of credit ratings and related research, saw its revenue increase by 17.6% to $2.04 billion, driven primarily by robust performance in its Investors Service segment, particularly in structured finance and corporate finance. The company also benefited from a one-time gain of $160.6 million from the sale of its headquarters, contributing to a substantial increase in operating income and net income. Moody's continues to invest in global expansion and new product development, evidenced by acquisitions in emerging markets and investments in analytical tools. The company's financial position remains solid, supported by strong operating cash flows and a significant share repurchase program. While Moody's acknowledges potential risks from competition and evolving regulations, its strategic focus on expanding its credit opinion franchise and enhancing its quantitative risk assessment services positions it for continued growth.
- 2005Mar 1, 2006
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2005
Moody's Corporation's 2005 10-K filing reveals a year of strong financial performance, driven by robust growth in its core credit ratings and research businesses. The company reported a significant increase in revenue and net income, reflecting the continued expansion of global capital markets and the increasing complexity of financial instruments, which in turn fuels demand for independent credit opinions. The report highlights Moody's strategic focus on expanding its global reach, introducing new rating products, and leveraging technology to enhance client services. While the company faces competitive pressures and evolving regulatory landscapes, its solid financial footing, demonstrated by strong operating income and cash flow, positions it well for continued growth. Investors can find reassurance in Moody's diversified revenue streams across various rating sectors and its ongoing commitment to returning capital through share repurchases and dividends.
- 2004Mar 8, 2005
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2004
Moody's Corporation's 2004 annual report (10-K) highlights a strong financial performance with revenue increasing by 15.4% to $1.44 billion and net income growing by 16.8% to $425.1 million. This growth was primarily driven by robust performance in Moody's Investors Service, particularly in structured finance and research, as well as continued expansion in the Moody's KMV segment. The company also saw significant growth in its international operations, which contributed a substantial portion of the overall revenue increase. Looking ahead, Moody's anticipates continued growth, albeit at a moderated pace compared to 2004, with projected high single-digit revenue growth for 2005. The company is investing in geographic expansion, analytic process improvements, and technology to support future growth. However, it also faces potential challenges from increased competition, evolving regulatory environments in the US and Europe, and the ongoing management of legacy tax matters. The company also announced a two-for-one stock split and an increase in its quarterly dividend, reflecting its confidence in its financial position and future prospects.
- 2003Mar 12, 2004
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2003
Moody's Corporation's 2003 10-K report for the fiscal year ending December 30, 2003, indicates a company operating within its core credit rating and information services businesses. While the provided excerpt focuses on the structure of the filing rather than detailed financial performance, it highlights the company's commitment to transparency by outlining key sections such as Business Overview, Financial Statements, and Management's Discussion and Analysis. Investors can expect to find information regarding the company's revenue streams, operational strategies, financial health, and future outlook within these sections. This filing is crucial for understanding Moody's financial position and performance during 2003, including its revenue generation from credit ratings, research, and other related services. The Management's Discussion and Analysis (MD&A) section is particularly important for investors as it provides management's perspective on the company's results of operations, financial condition, and known trends or uncertainties that may impact future performance. The report also details legal proceedings and market risk exposures, offering a comprehensive view of potential risks and opportunities.
- 2002Mar 21, 2003
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 2002
Moody's Corporation (MCO) reported a strong financial performance for the fiscal year ended December 31, 2002, with total revenue reaching $1,023.3 million, a significant increase of 28.4% over the prior year. This growth was driven by robust performance in both its Moody's Investors Service (MIS) and the recently acquired Moody's KMV segments, with structured finance being a primary catalyst. The company demonstrated impressive operational leverage, with operating income growing by 35.0% to $538.1 million, resulting in an expanded operating margin of 52.6%. Net income increased to $288.9 million, translating to diluted earnings per share of $1.83. Moody's continues to focus on expanding its global reach and product offerings, particularly in structured finance and quantitative credit assessment services, positioning itself for continued growth in the evolving capital markets. Key financial strengths include solid operating cash flow and a significant share repurchase program. However, investors should be aware of the ongoing regulatory scrutiny faced by credit rating agencies and potential litigation risks, which are noted as contingent liabilities. The company's outlook for 2003 anticipates continued revenue growth in the mid-to-high single digits, with diluted EPS growth in the low double digits, before accounting for new stock-based compensation expense and insurance recoveries.
- 1998Feb 16, 1999
MOODYS CORP /DE/ Annual Report, Year Ended Dec 31, 1998
Moody's Corporation's 1998 10-K filing reflects a company operating in a dynamic financial information environment. While specific financial performance details are not directly provided in this filing snippet, the report indicates Moody's focus on its core businesses related to credit ratings and financial information services. Investors should note Moody's positioning within the financial sector, which is crucial for understanding its revenue streams, competitive landscape, and potential for growth. The filing, submitted in early 1999, would have preceded significant market shifts, making it a snapshot of the company's operations and strategic outlook at the close of the 20th century. Investors interested in Moody's should consider its role as a provider of essential services to capital markets. Its business is intrinsically linked to the issuance of debt and the overall health of the financial industry. Future analysis should incorporate more detailed financial statements to assess profitability, revenue growth, and market share. Understanding the regulatory environment and the competitive pressures from other information providers will also be key to evaluating Moody's long-term prospects.