Moody's Q2 revenue beats on MIS unit strength
MCO•Business drivers
- Moody's Investors Service (MIS) revenue growth - MIS revenue rose 25% year-over-year, driven by broad-based strength across all lines of business and increased issuance activity.
- Corporate and structured finance activity - Corporate Finance revenue growth was led by strong Investment Grade activity and an increase in Leveraged Finance issuance; Structured Finance revenue growth was supported by increases in ABS, RMBS and covered bond issuance.
- Moody's Analytics recurring revenue - Recurring revenue increased 7% year-over-year, representing 99% of total MA revenue, while transactional revenue declined primarily due to the Learning Solutions divestiture.
Full-year outlook
Moody's reaffirmed its full-year 2026 revenue growth guidance in the high-single digit percent range.
The company narrowed its full-year 2026 adjusted diluted EPS guidance to $16.50-$17.00 and raised full-year 2026 share repurchase guidance to up to $3.0 billion.
Key figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $2.19 bln | $2.08 bln (19 Analysts) |
| Q2 Adjusted EPS | Beat | $4.68 | $4.24 (22 Analysts) |
The current average analyst rating on the shares is , with 19 or ratings, 8 ratings and no or ratings.
