Moody's Corporation
moodys.comWhat Do They Do?
Provides credit ratings and research to debt issuers and investors, and risk data and analysis tools to organizations across business, financial and public sectors.
10-K for FY2025, filed Feb 18, 2026
How Do They Make Money?
MA customers are billed in advance for subscriptions and receive access over the contract term; debt issuers pay rating fees when a rating is delivered, while monitoring fees are billed upfront or after service is provided. MA also bills for professional services as work is done.
10-K for FY2025, filed Feb 18, 2026In the MA segment, products and services offered by the Company include hosted research and data subscriptions, installed and hosted…View ↗
Revenue from research, data and other hosted subscriptions is recognized ratably over the related subscription period as MA's performance…View ↗
Revenue from professional services rendered is generally recognized over time as the services are performed.View ↗
In the MIS segment, revenue arrangements with multiple elements are generally comprised of two distinct performance obligations, a rating…View ↗
MIS arrangements generally have standard contractual terms for which the stated payments are due at conclusion of the ratings process for…View ↗
-
10-K for FY2025, filed Feb 18, 2026
FY2025 revenue by product or service ↗
$7.7B
-
10-K for FY2025, filed Feb 18, 2026
$7.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Transaction Revenue
Sold outright
10-K for FY2025, filed Feb 18, 2026 |
37%
FY2022: 31%
|
Transaction Revenue, FY2025
$2.9B Sources
|
Sold outright |
|
Relationship Revenue
Recurring
|
63%
FY2022: 69%
|
Relationship Revenue, FY2025
$4.8B Sources
|
Recurring |
Who Are Their Customers?
Financial services, corporate and public-sector organizations use MA's data and workflow tools through a range of delivery channels; debt issuers arrange ratings by issue or through an ongoing relationship, which investors use through Moody’s ratings and research.
10-K for FY2025, filed Feb 18, 2026MA empowers financial services, corporate and public sector customers to anticipate risks, adapt and thrive in a new era of exponential…View ↗
MA is comprised of: i) a premier fixed income and economic research business (Research & Insights); ii) a data business powered by the…View ↗
MIS is a leading global provider of credit ratings, research, and risk analysis. A rating from Moody’s enables issuers to create timely…View ↗
MIS publishes credit ratings and provides assessment services on a wide range of debt obligations, programs and facilities, and the…View ↗
MIS arrangements generally have standard contractual terms for which the stated payments are due at conclusion of the ratings process for…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 32 cents of every revenue dollar as net income in FY2025 and turned 33 cents into free cash flow.
10-K for FY2025, filed Feb 18, 2026
$3.4BView ↗
10-K for FY2025, filed Feb 18, 2026
$2.5BView ↗
10-K for FY2025, filed Feb 18, 2026
$2.6BView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Oct 21, 2026
Open tableView ↗
-
Jul 22, 2026
Reaffirmed revenue-growth guidance and narrowed adjusted EPS guidance
It reaffirmed high-single-digit revenue growth and narrowed adjusted diluted EPS guidance to $16.50 to $17.00.
Sources
8-K, filed Jul 22, 2026
MCO revenue of $2.2 billion increased 15% from the prior-year period, and 16% on an organic constant currency2 basis. MCO’s operating…View ↗
-
Apr 15, 2026
Christina Kosmowski named CEO of Moody’s Analytics
Sources
8-K, filed Apr 15, 2026
The Company announced today that, in June, Christina Kosmowski will become Chief Executive Officer of Moody’s Analytics. Ms. Kosmowski…View ↗
Growing. Revenue grew 24% in 4 years, from $6.2B in FY2021 to $7.7B in FY2025, about 6% a year.
More embedded workflow products
The older report describes Moody’s Analytics as financial intelligence and analytical tools supporting customers’ growth, efficiency and risk management. The latest describes AI-enabled cloud tools and subscriptions built into banking, insurance and compliance workflows.
10-K for FY2022, filed Feb 15, 2023 10-K for FY2025, filed Feb 18, 2026Provider of financial intelligence and analytical tools supporting customers’ growth, efficiency and risk management objectivesView ↗
Loading...
