MOODYS CORP /DE/ (MCO) Company Report

Moody’s has seen upside to issuance this year driven by stronger‐than‐expected M&A, robust corporate issuance (investment grade, infrastructure financing, leveraged finance), and tight spreads amid default rates slightly above long-term averages.
The firm’s four “deep currents” for medium-term growth include a refinancing wall of speculative-grade debt, private credit expansion as bank assets move into capital markets, infrastructure financing (notably AI data centers), and transition finance for decarbonization.
Moody’s Analytics will focus on its lending suite, expand underwriting in insurance (casualty, financial lines, cyber), enhance KYC, and develop a digital fulfillment platform layer to monetize content across new segments and use cases.
CEO Rob Fauber views AI as a net benefit, enabling Moody’s to monetize proprietary data and analytics through agents and integrations in platforms like SAP and Salesforce, using utility-based pricing to preserve pricing power.
Moody’s leverages its proprietary ratings stream (one rating every 20 minutes) and a 600 million-company database with 2 billion ownership links to provide model-derived ratings for private firms and power KYC services.

Nov 18, 2025, 6:20 PM

Transcript

Moody's discusses debt issuance upside and AI monetization at JPMorgan conference

MCO

M&A-driven issuance and robust corporate financing have outpaced early-year expectations, supported by better-than-anticipated economic growth, near multi-year tight spreads, and strategic sponsor-backed deals in both investment-grade and leveraged finance.
Moody’s identifies four “deep currents” fueling medium-term growth: refinancing walls, private credit, infrastructure financing, and AI-related investments, with digital finance and transition finance also gaining traction.
AI is viewed as a major monetization lever: Moody’s plans to leverage its proprietary data and analytics estate across new customer segments and use cases via digital fulfillment and utility-based pricing models.
The firm is expanding into private credit by offering model-derived ratings on tens of thousands of private companies and has partnered with MSCI to provide investors independent credit assessments of private credit funds.
Early AI-adopter clients, especially large regulated banks, are consuming nearly twice the data and engaging across more use cases, embedding Moody’s content into their AI workflow platforms.

Nov 18, 2025, 6:20 PM

Transcript

Moody’s sees robust issuance and AI-driven growth opportunities

MCO

New Projects/Investments

Issuance volumes in 2025 have exceeded early expectations, driven by a rebound in strategic and sponsor-backed M&A, stronger-than-anticipated economic growth, and tight credit spreads in both corporate and leveraged finance markets.
Moody’s highlights four long-term growth currents—private credit, infrastructure financing, AI data center investments, digital finance, and transition finance—as catalysts for future issuance and analytics demand.
A strong M&A pipeline and high demand for Moody’s Rating Assessment Service are expected to sustain issuance momentum into 2026.
Medium-term organic revenue growth targets of high single-digit to low double-digit rates will be supported by enhanced banking solutions, insurance underwriting expansion (including cyber and KYC), and AI-enabled agentic delivery of proprietary content and analytics.
The MSCI partnership to provide model-based private credit ratings responds to growing investor demand for independent risk assessments of private credit funds.

Nov 18, 2025, 6:20 PM

Transcript

Bouygues reports nine-month 2025 results

MCO

Earnings

Guidance Update

Bouygues achieved Group sales of €41.9 bn, up 0.9% year-on-year, and current operating profit from activities (COPA) of €1,814 m, up €95 m YoY.
Net profit attributable to the Group excluding the exceptional income tax surcharge was €735 m, a €48 m increase YoY; including the surcharge, net profit was €675 m.
The Group’s net debt improved by around €900 m to €7.6 bn at end-September 2025, reflecting robust cash generation and financing discipline.
Bouygues confirms 2025 targets of a slight increase in COPA and a slight increase in sales at constant exchange rates versus 2024.

Nov 5, 2025, 6:30 AM

Press Release

Moody’s reports Q3 2025 results

MCO

Earnings

Guidance Update

Revenue Acceleration/Inflection

Moody’s delivered record quarterly revenue of $2 billion+, up 11% YoY, and raised full-year revenue and margin guidance.
MIS segment revenue grew 12%, with adjusted operating margin expanding to 65.2%, and full-year MIS margin guidance increased to 63–64%.
Analytics revenue rose 9%, underpinned by 93% recurring revenue and retention, and full-year Analytics margin guidance was raised to ~33%.
Adjusted diluted EPS reached $3.92, a 22% YoY gain, and full-year EPS guidance was updated to $14.50–$14.75 (≈17% growth).
Share repurchases were increased to at least $1.5 billion, targeting return of over 85% of free cash flow.

Oct 22, 2025, 1:00 PM

Transcript

Moody’s reports record Q3 2025 results

MCO

Earnings

Guidance Update

Record quarterly revenue of over $2.0 billion, up 11% Y/Y, with adjusted diluted EPS $3.92 (+22%) and an adjusted operating margin of ~53%.
MIS revenue grew 12%, with transaction revenue +14% and recurring revenue +8%; MIS adjusted margin reached 65.2%, and full-year guidance was raised to 63–64%.
Moody’s Analytics posted 9% revenue growth, ARR of $3.4 billion (+8%), and a 34.3% adjusted operating margin, leading to a full-year MA margin outlook of ~33%.
Updated full-year 2025 guidance: consolidated revenue growth in the high single digits, adjusted operating margin of ~51%, EPS $14.50–14.75, free cash flow of ~$2.5 billion, and at least $1.5 billion in share repurchases.

Oct 22, 2025, 1:00 PM

Transcript

Moody’s raises FY25 guidance after strong Q3 results

MCO

Earnings

Guidance Update

Moody’s reported adjusted EPS of $3.92 in Q3, beating Wall Street expectations and driven by robust debt issuance activity.
The company raised its full-year 2025 guidance to adjusted EPS of $14.50–$14.75 and now expects high-single-digit revenue growth.
Moody’s Analytics revenue increased 9.4% to $912 million, while Investors Service revenue rose 11%.
The balance sheet remains strong with a current ratio of 1.75 and a debt-to-equity ratio of 1.84.

Oct 22, 2025, 11:57 AM

Morningstar

Moody’s reports Q3 2025 results and updates full-year outlook

MCO

Earnings

Guidance Update

Moody’s delivered strong top-line growth and significant operating leverage in Q3 2025, driving margin expansion across its businesses.
The company noted that its investments are enhancing customer service and providing financial flexibility to pursue key growth opportunities.
Moody’s updated select metrics in its outlook for full-year 2025, underscoring confidence in continued momentum.

Oct 22, 2025, 11:00 AM

Press Release

Moody’s reports Q3 2025 results

MCO

Earnings

Guidance Update

Share Buyback

Moody’s Q3 revenue was $2.0 billion, up 11% YoY; MA revenue was $909 million (+9%) and MIS revenue $1.1 billion (+12%).
Diluted EPS of $3.60 (+23%) and adjusted diluted EPS of $3.92 (+22%); raised FY 2025 adjusted EPS guidance to $14.50–$14.75.
Adjusted operating margin expanded to 52.9%, a 510 basis-point increase YoY.
Generated free cash flow of $1.798 billion; repurchased 1.0 million shares in Q3, with an additional $4 billion buyback authorization, and declared a $0.94 quarterly dividend.

Oct 22, 2025, 10:56 AM

8-K

GoldenPeaks Capital signs MoU with Envision for next-generation energy storage in Europe

MCO

New Projects/Investments

GoldenPeaks Capital and Envision formalize a MoU to supply and implement 1 GWh of advanced energy storage systems across Europe.
The initial phase includes two awarded projects totaling 344 MWh, representing the first deployment stage.
GPC currently holds 2.5 GWh of BESS projects under capacity market agreements in Poland, underscoring its regional leadership.
The collaboration leverages Envision Gen 8 BESS technology to enhance grid stability and flexibility at utility scale.

Oct 10, 2025, 5:00 AM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for MOODYS CORP /DE/.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Robert Fauber say about margins?What are MOODYS CORP /DE/'s strategic priorities?How is MOODYS CORP /DE/ positioned vs competitors?How did MOODYS CORP /DE/ do last quarter?

Let Fintool AI Agent track MOODYS CORP /DE/'s earnings for you

Get instant analysis when filings drop