Moody's vykázala za čtvrtletí zisk na akcii (EPS) ve výši 4,14 USD, což je pod odhadem 4,25 USD, a tržby ve výši 2,02 mld. USD, rovněž pod konsensem analytiků.
Moody's (MCO - Free Report) came out with quarterly earnings of $4.14 per share, missing the Zacks Consensus Estimate of $4.25 per share. This compares to earnings of $3.92 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -2.59%. A quarter ago, it was expected that this credit ratings agency would post earnings of $4.24 per share when it actually produced earnings of $4.68, delivering a surprise of +10.38%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Moody's, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $2.02 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 2.02%. This compares to year-ago revenues of $2.01 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Moody's shares have lost about 7% since the beginning of the year versus the S&P 500's gain of 12.7%.
What's Next for Moody's?While Moody's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Moody's was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.62 on $1.93 billion in revenues for the coming quarter and $16.92 on $8.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Antalpha Platform Holding Company (ANTA - Free Report) , has yet to report results for the quarter ended September 2026.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -64.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Antalpha Platform Holding Company's revenues are expected to be $11.45 million, down 45.6% from the year-ago quarter.
U společnosti Moody’s se ve 3. čtvrtletí 2026 podle konsenzu očekává zisk 4,25 USD na jednu akcii, což je meziročně o 8,4 % více, při tržbách ve výši 2,06 miliardy USD.
Key Takeaways Moody's Q3 earnings are expected to rise 8.4% y/y, with revenues projected to grow 2.7%.Healthy bond issuance may aid ratings demand, despite weaker Corporate Finance revenues.Moody's Analytics revenues are expected to rise 2.9% y/y, aided by recurring subscriptions and AI tools.
Moody's (MCO - Free Report) is scheduled to announce third-quarter 2026 results on Oct. 21, before the opening bell. The company’s Moody’s Investors Service (“MIS”) division is expected to have benefited from healthy debt issuance activity across investment-grade and high-yield markets. However, fluctuations in issuance volumes and the timing of large transactions are likely to have influenced performance. The Zacks Consensus Estimate for third-quarter total revenues in the MIS division is pegged at $1.16 billion, implying only a marginal year-over-year rise.
Corporate Finance, the largest revenue contributor to MIS, is expected to have benefited from healthy investment-grade bond issuance, supported by refinancing needs, AI-related capital spending and acquisition financing. High-yield bond issuance is also likely to have supported ratings demand. However, uneven leveraged loan activity, competition from private credit providers and a challenging year-over-year comparison might have weighed on revenues. The Zacks Consensus Estimate for Corporate Finance revenues is pegged at $525 million, indicating an 8.9% decline from the prior-year quarter.
Moody’s Structured Finance business is expected to have gained from collateralized loan obligation (CLO) refinancing and reset transactions, along with healthy asset-backed securities (ABS) issuance. However, elevated borrowing costs and persistent commercial real estate headwinds might have constrained commercial mortgage-backed securities (CMBS) issuance. The Zacks Consensus Estimate for Structured Finance revenues is pegged at $147 million, indicating marginal year-over-year growth.
The Financial Institutions business line is likely to have benefited from debt issuance by banks and insurers to meet refinancing and regulatory capital requirements. The consensus estimate for revenues from this business line of $218 million suggests a year-over-year increase of 4.8%.
The Public, Project and Infrastructure Finance business line is expected to have benefited from financing activities related to utilities, energy projects, infrastructure development and public-sector borrowing. The Zacks Consensus Estimate for revenues of $207 million implies a 28.6% rise year over year.
Other Factors to Influence MCO’s Q3 EarningsMoody's Analytics (“MA”) Division: The division is expected to have benefited from sustained demand for risk assessment, compliance solutions, credit research and data analytics during the third quarter. Growth in recurring subscription revenues, supported by demand for Know Your Customer, insurance and banking solutions, is likely to have aided performance.
The company’s investments in AI-enabled products and expansion of its data and analytics capabilities are also expected to have offered support. However, the divestitures of certain non-core businesses might have partly offset revenue growth.
The Zacks Consensus Estimate for the MA division’s quarterly revenues is pegged at $938 million, indicating 2.9% growth from the prior-year quarter.
Expenses: Given Moody’s inorganic growth efforts, costs related to acquisitions and restructuring are expected to have increased in the to-be-reported quarter, resulting in an increase in total expenses.
Earnings Whispers for Moody’sAccording to our proven model, the chances of MCO beating the Zacks Consensus Estimate for earnings this time are low. This is because it does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better.
You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Earnings ESP: The Earnings ESP for Moody’s is -1.46%.
Zacks Rank: The company currently carries a Zacks Rank #3.
Q3 Earnings & Sales Expectations for MCOThe Zacks Consensus Estimate for earnings is pegged at $4.25, which has been revised marginally higher over the past seven days. The figure indicates an 8.4% rise from the year-ago reported number.
The consensus estimate for sales of $2.06 billion suggests a 2.7% year-over-year rise.
Stocks Worth ConsideringHere are a couple of finance stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this time around:
Associated BancCorp (ASB - Free Report) is scheduled to announce third-quarter 2026 results on Oct. 22. The company has a Zacks Rank #3 at present and an Earnings ESP of +1.71%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Quarterly earnings estimates for ASB have been unchanged at 76 cents per share over the past week.
The Earnings ESP for Ameriprise Financial (AMP - Free Report) is +0.35%, and it carries a Zacks Rank of 3 at present. The company is slated to report third-quarter 2026 results on Oct. 29.
Over the past seven days, the Zacks Consensus Estimate for AMP’s quarterly earnings has been unchanged at $11.60 per share.
Banque Pictet & Cie SA ve 3. čtvrtletí snížila svou pozici v Moody’s o 5,3 % prodejem 3 760 akcií. Nadále drží 67 541 akcií v hodnotě 30,672 milionu USD.
Banque Pictet & Cie SA lowered its stake in Moody’s Corporation (NYSE:MCO – Free Report) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,541 shares of the business services provider’s stock after selling 3,760 shares during the period. Banque Pictet & Cie SA’s holdings in Moody’s were worth $30,672,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its holdings in shares of Moody’s by 0.3% in the first quarter. Kestra Private Wealth Services LLC now owns 6,440 shares of the business services provider’s stock worth $2,810,000 after purchasing an additional 22 shares during the last quarter. Resolute Wealth Strategies LLC lifted its holdings in shares of Moody’s by 3.8% in the 1st quarter. Resolute Wealth Strategies LLC now owns 623 shares of the business services provider’s stock worth $272,000 after buying an additional 23 shares during the period. Goelzer Investment Management Inc. lifted its holdings in shares of Moody’s by 1.2% in the 3rd quarter. Goelzer Investment Management Inc. now owns 1,949 shares of the business services provider’s stock worth $885,000 after buying an additional 23 shares during the period. Matrix Trust Co grew its position in shares of Moody’s by 1.5% during the 3rd quarter. Matrix Trust Co now owns 1,706 shares of the business services provider’s stock worth $775,000 after buying an additional 26 shares in the last quarter. Finally, Wilkerson Advisory Group LLC grew its position in shares of Moody’s by 87.1% during the 1st quarter. Wilkerson Advisory Group LLC now owns 58 shares of the business services provider’s stock worth $25,000 after buying an additional 27 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.
Key Stories Impacting Moody’s Here are the key news stories impacting Moody’s this week:
Positive Sentiment: Royal Bank of Canada lowered its price target to $575 from $610 but maintained an “outperform” rating. The revised target still implies substantial upside from Moody’s recent trading level, signaling that RBC views the pullback in expectations as a valuation adjustment rather than a change in the company’s long-term outlook. Benzinga analyst ratings report Positive Sentiment: Wall Street is preparing for Moody’s third-quarter earnings report on October 21, with consensus calling for approximately $4.25 in earnings per share. Investors are focused on whether continued demand for credit ratings, research and risk-management products can sustain the company’s recent double-digit revenue growth and strong profitability. Moody’s Q3 2026 earnings preview Neutral Sentiment: Pre-earnings coverage is highlighting estimates for revenue, operating margins and other key metrics beyond headline EPS. These previews could increase volatility around the October 21 report, particularly if Moody’s delivers strong earnings but offers cautious guidance. Zacks Moody’s Q3 estimates Negative Sentiment: Jefferies reduced its Moody’s price target to $560 from $610. The cut may weigh on sentiment because it reflects more limited upside following the stock’s recent advance, although the new target remains above the current share price. Jefferies Moody’s price-target update Negative Sentiment: Additional commentary from BMO Capital Markets and other analysts has emphasized a more cautious valuation outlook, reinforcing concerns that expectations and the stock’s premium valuation leave less room for an earnings disappointment. BMO Moody’s forecast Insider Buying and Selling In other Moody’s news, CEO Robert Fauber sold 923 shares of Moody’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $455.00, for a total value of $419,965.00. Following the completion of the transaction, the chief executive officer owned 51,364 shares of the company’s stock, valued at approximately $23,370,620. The trade was a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.14% of the company’s stock. Analyst Upgrades and Downgrades MCO has been the subject of several recent research reports. Royal Bank Of Canada decreased their price objective on Moody’s from $610.00 to $575.00 and set an “outperform” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft increased their target price on shares of Moody’s from $587.00 to $594.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. The Goldman Sachs Group increased their target price on shares of Moody’s from $557.00 to $593.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Mizuho raised their target price on shares of Moody’s from $521.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Citigroup restated a “buy” rating and issued a $600.00 price target (up from $565.00) on shares of Moody’s in a report on Wednesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $551.26.
View Our Latest Stock Report on Moody’s
Moody’s Price Performance Shares of NYSE MCO opened at $484.71 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $83.95 billion, a PE ratio of 29.19, a P/E/G ratio of 2.49 and a beta of 1.35. The business has a 50-day simple moving average of $477.91 and a two-hundred day simple moving average of $466.64. Moody’s Corporation has a fifty-two week low of $402.28 and a fifty-two week high of $546.88.
Moody’s (NYSE:MCO – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.42. Moody’s had a return on equity of 80.35% and a net margin of 34.25%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the business earned $3.56 EPS. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. As a group, equities analysts expect that Moody’s Corporation will post 16.95 EPS for the current fiscal year.
Moody’s Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 14th were given a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 14th. Moody’s’s dividend payout ratio (DPR) is currently 26.13%.
Moody’s Profile (Free Report)
Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data, and analytical tools. Through Moody’s Ratings, the company evaluates the creditworthiness of companies, governments, financial institutions, and structured finance securities, offering opinions and research used by investors, issuers, and other market participants.
Through Moody’s Analytics, the company provides financial intelligence, economic research, risk assessment tools, data, and software. Its products support credit and market risk management, compliance, portfolio analysis, lending, insurance, and corporate planning.
Moody’s traces its origins to 1909, when John Moody published an analysis of railroad securities.
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Moody's očekává za čtvrtletí zisk na akcii (EPS) ve výši 4,24 USD, což představuje meziroční nárůst o 8,2 %, a tržby ve výši 2,06 miliardy USD, meziročně o 2,6 % více.
Moody's (MCO - Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on October 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis credit ratings agency is expected to post quarterly earnings of $4.24 per share in its upcoming report, which represents a year-over-year change of +8.2%.
Revenues are expected to be $2.06 billion, up 2.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.23% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Moody's?For Moody's, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -2.32%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Moody's will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Moody's would post earnings of $4.24 per share when it actually produced earnings of $4.68, delivering a surprise of +10.38%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Moody's doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsSynchrony (SYF - Free Report) , another stock in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings per share of $2.48 for the quarter ended September 2026. This estimate points to a year-over-year change of -13.3%. Revenues for the quarter are expected to be $4.84 billion, up 2.5% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Synchrony has been revised 3.8% down to the current level. Nevertheless, the company now has an Earnings ESP of +2.69%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Synchrony will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Moody’s se dohodla na koupi menšinového podílu v Philippine Rating Services Corporation (PhilRatings). Transakce rozšiřuje její síť domácích ratingových agentur v Asii a Pacifiku.
Moody’s Corporation NYSE:MCO today announced that it has agreed to acquire a minority stake in Philippine Rating Services Corporation (PhilRatings), a leading domestic credit rating agency in the Philippines.
Headquartered in Manila, PhilRatings plays an important role in supporting the development of the Philippine debt capital markets.
“Strong domestic debt markets are essential to supporting sustainable economic growth,” said Wendy Cheong, Managing Director and Regional Head of Asia Pacific, Moody’s Ratings. “PhilRatings has built deep insight into the local market, and its ratings serve as a strong complement to Moody’s global views on credit for investors in the Philippines.”
Domestic corporate bonds outstanding in the ASEAN region are more than twice the size of cross-border holdings, and the more than US$100 billion of planned infrastructure investment in the Philippines over the next three years highlights the market’s potential. As the Philippines’ domestic bond market continues to develop, credit ratings and research will play a meaningful role in helping issuers access new sources of capital, develop funding strategies, and signal transparency to support investor confidence.
“Moody’s Ratings’ global standards, best practices and technical support will help us advance our mission to strengthen the credit market infrastructure in the Philippines,” said Angelica B. Viloria, President of PhilRatings. “Moody’s role as a minority stakeholder reinforces our commitment to trust, credibility, and best‑in‑class credit ratings and research for the Philippine market.”
Following Moody’s investment, PhilRatings will continue to operate independently with its own management, governance and credit rating processes.
Moody's Ratings is the first global credit rating agency to invest in a domestic credit rating agency in the Philippines. The investment in PhilRatings expands Moody’s Asia-Pacific network of domestic rating agency affiliates.
The terms of the transaction were not disclosed.
About Moody’s Corporation
In a world shaped by increasingly interconnected risks, Moody’s NYSE:MCO data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.
“Safe harbor” statement under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this document are forward-looking statements and are based on future expectations, plans and prospects for Moody’s business and operations that involve a number of risks and uncertainties. Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this document are made as of the date hereof, and Moody’s undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. Factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are described in greater detail under “Risk Factors” in Part I, Item 1A of Moody’s annual report on Form 10-K for the year ended December 31, 2025, and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company’s business, results of operations and financial condition.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260914620177/en/
Moody’s za poslední měsíc vzrostl o 5,6 % po silných výsledcích za 2. čtvrtletí, když upravený EPS dosáhl 4,68 USD a tržby 2,19 miliardy USD. Firma zároveň potvrdila celoroční růst tržeb v horní jednociferné procentní oblasti.
It has been about a month since the last earnings report for Moody's (MCO - Free Report) . Shares have added about 5.6% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Moody's due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Moody's Corporation before we dive into how investors and analysts have reacted as of late.
Moody's Q2 Earnings Beat on Rising Analytics Demand & Higher IssuancesMoody's reported second-quarter 2026 adjusted earnings of $4.68 per share, which outpaced the Zacks Consensus Estimate of $4.24. The bottom line jumped 31% from the year-ago quarter.
The results primarily benefited from an improvement in revenues. Steady demand for analytics and the robust performance of the Moody’s Investors Service segment supported the results. The company’s liquidity position was strong in the quarter. An increase in operating expenses acted as a headwind.
After considering certain non-recurring items, net income attributable to Moody's was $878 million, or $5.03 per share, up from $578 million, or $3.21 per share, in the prior-year quarter.
Revenues Improve, Costs RiseQuarterly revenues were $2.19 billion, which surpassed the Zacks Consensus Estimate of $2.09 billion. The top line rose 15% year over year.
Total expenses were $1.14 billion, up 5% year over year.
Adjusted operating income of $1.21 billion surged 25% year over year. The adjusted operating margin was 55.3%, up from 50.9% a year ago.
Strong Quarterly Segment PerformanceMoody’s Investors Service revenues jumped 25% year over year to $1.3 billion. The rise was driven by broad-based performance across all lines of business
Moody’s Analytics revenues rose 4% to $925 million. The increase was driven by 2% growth in Decision Solutions, a 3% rise in Research and Insights and a 9% jump in Data and Information.
Solid Balance SheetAs of June 30, 2026, Moody’s had total cash, cash equivalents and short-term investments of $1.5 billion, down from $2.45 billion as of Dec. 31, 2025.
The company had $6.38 billion in outstanding long-term debt.
Share Repurchase UpdateIn the first half of 2026, MCO repurchased $2.2 billion worth of shares.
2026 GuidanceMoody’s expects adjusted earnings in the range of $16.50-$17.00 per share, slightly narrower than the prior target range of $16.40-$17.00 per share.
GAAP earnings are projected to be the band of $16.00-$16.50 per share, changed from the prior target of $16.00-$16.60 per share.
Moody’s projects revenues to increase in the high-single-digit percent range.
Operating expenses are expected to be in the mid-single-digit range. Non-operating income is projected to be between $70 million and $90 million.
Net interest expenses are anticipated to be $220-$240 million.
The adjusted operating margin is expected to be 52-53%, while the operating margin is likely to be 44%- 45%.
Moody’s expects the cash flow from operations to be $3.15-$3.35 billion. The free cash flow is projected to be in the $2.7-$2.9 billion range.
The effective tax rate is projected to be 23-25%.
2026 Segment GuidanceMIS segment revenues are expected to increase in the high-single-digit range. The adjusted operating margin is expected to be roughly 65%.
Coming to the MA segment, Moody’s anticipates revenues to rise in the mid-single-digit range, while Annualized Recurring Revenue (ARR) is expected to increase in the high-single-digit range. Further, an adjusted operating margin is expected to be 34-35%.
Strategic and Operational Efficiency Restructuring ProgramIn December 2024, Moody’s CEO approved a Strategic and Operational Efficiency Restructuring Program aimed at improving efficiency and focusing on growth areas. The initiative is expected to generate annual savings of $250–$300 million by consolidating functions, reducing staff, exiting leased office spaces and retiring legacy software. The program involves $170–$200 million in pre-tax personnel-related restructuring charges and an additional $30–$50 million in non-cash charges. It is projected to strengthen operating margins and support strategic investments, with substantial completion by the end of 2026 and related cash outlays (to be between $210-$230 million) continuing through 2027.
Moody’s expanded its Strategic and Operational Efficiency Restructuring Program in July 2026, targeting $300–$350 million in annualized savings. The program focuses on workforce reductions, office consolidation, legacy software retirement, and exits from certain businesses, including the MA Regulatory Solutions divestiture. Moody’s expects $285–$330 million in personnel-related restructuring charges, plus modest non-cash charges related to office exits and software amortization. The program is expected to be substantially completed by end-2027, with cash outlays continuing through 2028. Savings are expected to support margin expansion and strategic investments.
How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.
VGM ScoresCurrently, Moody's has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock has a grade of F on the value side, putting it in the bottom 20% quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Moody's has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerMoody's belongs to the Zacks Financial - Miscellaneous Services industry. Another stock from the same industry, Synchrony (SYF - Free Report) , has gained 6.9% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
Synchrony reported revenues of $4.61 billion in the last reported quarter, representing a year-over-year change of +1.9%. EPS of $2.59 for the same period compares with $2.50 a year ago.
For the current quarter, Synchrony is expected to post earnings of $2.38 per share, indicating a change of -16.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -5.3% over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Synchrony. Also, the stock has a VGM Score of B.
Bank of Nova Scotia ve 1. čtvrtletí snížila podíl v Moody’s o 8,1 % na 81 270 akcií. Moody’s zároveň oznámila EPS 4,68 USD a výnosy 2,19 miliardy USD, obojí nad odhady.
Bank of Nova Scotia reduced its position in Moody’s Corporation (NYSE:MCO – Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,270 shares of the business services provider’s stock after selling 7,189 shares during the quarter. Bank of Nova Scotia’s holdings in Moody’s were worth $35,456,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sivia Capital Partners LLC purchased a new stake in Moody’s in the second quarter valued at about $267,000. Federated Hermes Inc. raised its position in shares of Moody’s by 15.5% in the 2nd quarter. Federated Hermes Inc. now owns 10,916 shares of the business services provider’s stock valued at $5,475,000 after purchasing an additional 1,461 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Moody’s by 6.2% in the 2nd quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider’s stock valued at $736,000 after purchasing an additional 86 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Moody’s by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider’s stock worth $12,692,000 after purchasing an additional 929 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Moody’s by 0.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider’s stock worth $36,423,000 after purchasing an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.
Analyst Ratings Changes MCO has been the topic of a number of recent analyst reports. Wolfe Research restated an “outperform” rating and set a $535.00 price target on shares of Moody’s in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Moody’s from $530.00 to $600.00 and gave the company an “overweight” rating in a report on Monday, July 20th. UBS Group reissued a “neutral” rating and issued a $505.00 target price on shares of Moody’s in a research report on Thursday. BMO Capital Markets raised their target price on Moody’s from $489.00 to $515.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 7th. Finally, Bank of America reiterated a “buy” rating and set a $565.00 price target on shares of Moody’s in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $553.11.
Check Out Our Latest Stock Analysis on MCO
Key Headlines Impacting Moody’s Here are the key news stories impacting Moody’s this week:
Positive Sentiment: Moody’s latest quarterly report topped expectations, with strong revenue growth and raised guidance helping reinforce the company’s earnings momentum. Moodys Corp (MCO) Q2 2026 Earnings Call Highlights: Strong Revenue Growth and Raised Guidance Positive Sentiment: Clear Street reiterated its Buy rating on Moody’s, adding to the view that the company’s business remains fundamentally sound after earnings. Clear Street Sticks to Their Buy Rating for Moody’s (MCO) Positive Sentiment: Multiple commentary pieces highlighted Moody’s strong Q2 performance and reaffirmed bullish views, citing solid fundamentals and continued earnings strength. Moody’s Corporation: Strong Q2, I Reiterate My Buy Rating As Fundamentals Are Still Sound Neutral Sentiment: Moody’s also released its quarterly dividend announcement, which is supportive for income investors but not likely a major near-term stock catalyst. Moody’s Corporation dividend announcement Neutral Sentiment: Several articles focused on valuation, noting that Moody’s may look expensive relative to fair value despite the earnings beat, which could temper upside. Moody’s (MCO) Stock Looks Expensive Relative To Fair Value Negative Sentiment: Investor attention is also on broader concerns about valuation after the earnings beat, with some coverage suggesting the stock’s premium pricing may limit further gains. Moody’s (MCO) Earnings Beat Puts Valuation Back In Focus Insiders Place Their Bets In other news, CEO Robert Fauber sold 1,467 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $453.67, for a total transaction of $665,533.89. Following the completion of the sale, the chief executive officer owned 52,564 shares of the company’s stock, valued at $23,846,709.88. This represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $453.67, for a total transaction of $71,679.86. Following the completion of the transaction, the senior vice president directly owned 1,985 shares in the company, valued at approximately $900,534.95. This represents a 7.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,250 shares of company stock valued at $1,495,098 in the last ninety days. Insiders own 0.14% of the company’s stock.
Moody’s Price Performance Shares of Moody’s stock opened at $471.30 on Friday. The stock has a market capitalization of $82.34 billion, a P/E ratio of 29.89, a PEG ratio of 2.41 and a beta of 1.34. The business has a 50 day simple moving average of $465.04 and a two-hundred day simple moving average of $464.80. Moody’s Corporation has a 12 month low of $402.28 and a 12 month high of $546.88. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.19 and a quick ratio of 1.16.
Moody’s (NYSE:MCO – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The business services provider reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.42. Moody’s had a return on equity of 80.35% and a net margin of 34.25%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $3.56 earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. Moody’s has set its FY 2026 guidance at 16.500-17.000 EPS. As a group, analysts predict that Moody’s Corporation will post 16.8 EPS for the current fiscal year.
Moody’s Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 14th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 14th. Moody’s’s payout ratio is 29.53%.
About Moody’s (Free Report)
Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.
Moody’s operates primarily through two complementary businesses.
Read More Five stocks we like better than Moody’s AMD and Cerbras Create A New Blueprint For Hardware Intel Earnings Reveal Whether the Chip Selloff Created a Buy CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test Plugging In: How Kinder Morgan Powers Up Profits Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Corporation (NYSE:MCO – Free Report).
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Moody's (MCO - Free Report) came out with quarterly earnings of $4.68 per share, beating the Zacks Consensus Estimate of $4.24 per share. This compares to earnings of $3.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +10.38%. A quarter ago, it was expected that this credit ratings agency would post earnings of $4.25 per share when it actually produced earnings of $4.33, delivering a surprise of +1.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Moody's, which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $2.19 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.43%. This compares to year-ago revenues of $1.9 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Moody's shares have lost about 3.9% since the beginning of the year versus the S&P 500's gain of 9.7%.
What's Next for Moody's?While Moody's has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Moody's was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.35 on $2.09 billion in revenues for the coming quarter and $16.73 on $8.26 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, HIVE Digital Technologies (HIVE - Free Report) , is yet to report results for the quarter ended June 2026.
This crypto currency mining company is expected to post quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of -233.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
HIVE Digital Technologies' revenues are expected to be $80.19 million, up 75.8% from the year-ago quarter.
Wall Street očekává, že Moody's vykáže zisk 4,23 USD na akcii a tržby 2,09 miliardy USD, což je meziročně o 18,8 % a 10 % více. Odhad EPS byl za posledních 30 dní snížen o 0,1 %.
Wall Street analysts expect Moody's (MCO - Free Report) to post quarterly earnings of $4.23 per share in its upcoming report, which indicates a year-over-year increase of 18.8%. Revenues are expected to be $2.09 billion, up 10% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Moody's metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Revenue- Total external customers- Moody's Analytics' to reach $929.43 million. The estimate indicates a change of +4.7% from the prior-year quarter.
The consensus estimate for 'Revenue- Total external customers- Moody's Investor Services' stands at $1.15 billion. The estimate points to a change of +14% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Moody's Analytics- Data and Information' reaching $241.11 million. The estimate indicates a year-over-year change of +6.7%.
It is projected by analysts that the 'Revenue- Moody's Analytics- Research and Insights' will reach $264.16 million. The estimate suggests a change of +6.1% year over year.
The average prediction of analysts places 'Revenue- Moody's Analytics- Decision Solutions' at $427.30 million. The estimate suggests a change of +3.5% year over year.
Analysts expect 'Revenue- Moody's Investor Services- Recurring' to come in at $369.50 million. The estimate suggests a change of +6.5% year over year.
Analysts predict that the 'Revenue- Moody's Investor Services- Transaction' will reach $782.03 million. The estimate suggests a change of +18% year over year.
The combined assessment of analysts suggests that 'Revenue- Moody's Investor Services- Ratings- Corporate finance (CFG)- High-yield' will likely reach $100.63 million. The estimate suggests a change of +18.4% year over year.
The consensus among analysts is that 'Revenue- Moody's Investor Services- Ratings- Corporate finance (CFG)- Investment-grade' will reach $184.30 million. The estimate points to a change of +29.8% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Moody's Investor Services- Ratings- Corporate finance (CFG)- Other accounts' should come in at $194.05 million. The estimate points to a change of +3.8% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Moody's Investor Services- Ratings- Structured finance (SFG)- Asset-backed securities' should arrive at $40.00 million. The estimate indicates a change of +14.3% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Moody's Investor Services- Ratings- Structured finance (SFG)- RMBS' of $33.40 million. The estimate indicates a year-over-year change of +15.2%.
View all Key Company Metrics for Moody's here>>>
Over the past month, Moody's shares have recorded returns of +13.4% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #2 (Buy), MCO will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Moody’s spustila první sadu AI dovedností pro Microsoft 365 Copilot Cowork a další kompatibilní platformy. Nástroje mají z jednoho zadání zpracovat složité analytické úlohy opřené o ratingy, výzkum a risk intelligence.
Launching today on Microsoft 365 Copilot Cowork, with availability expanding across compatible AI platforms
NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE: MCO) today announced the release of its first set of AI skills – purpose-built, platform-agnostic instruction kits that encode Moody’s analytical frameworks and connect AI agents to its decision-grade intelligence. Available across compatible AI platforms beginning with Microsoft 365 Copilot Cowork, Moody’s skills enable customers to execute complex analytical workflows through a single natural-language request, with outputs grounded in Moody’s proprietary ratings, research, and risk intelligence.
“Moody’s is among the first financial data providers to deliver a full library of skills on an open standard, and today’s launch is just the beginning,” said Cristina Pieretti, Head of Digital Content and Innovation at Moody’s. “AI platforms are becoming the interface for financial decision-making, and the next phase of adoption will be defined by execution. Skills are how we encode Moody’s expertise into that execution layer.”
Skills are emerging as the standard for how AI agents execute specialist work. By publishing its analytical frameworks as skills that run on the platforms where market participants already build and operate, Moody’s is embedding its decision-grade intelligence at the center of how financial analysis is executed across the industry.
Moody’s first wave of skills covers high-priority financial workflows where Moody’s expertise is most concentrated:
Earnings Call Summary – Summarizes earnings call transcripts, covering revenue trends, pricing dynamics, consumer health, tariff exposure, and more. Peer Analysis – Produces an investor-grade comparison across leverage, profitability, ESG, credit quality, and more. Public Information Book – Builds a comprehensive dossier on a single entity, spanning financials, governance, competitive landscape, and risk profile. Rating Pitch – Generates a structured pitch deck covering sector context, rating history, and peer positioning. Sector Analysis – Combines Moody’s proprietary research with live market intelligence to deliver a full sector-level outlook. Each skill encodes analytical steps and quality standards to produce outputs that are consistent, sourced, and defensible for high-stakes decision-making in regulated environments. A skill defines how the work is done; Moody's Model Context Protocol (MCP) servers connect it to the data it runs on. MCP is the open standard that lets an AI agent draw directly on Moody's ratings, research, and risk intelligence, so the outputs are grounded in proprietary data rather than general-purpose web content.
A skill teaches an AI agent how to perform a task to a defined standard, captured in a simple, shareable instruction file. Moody's skills are built on the open SKILL.md format, which originated with Anthropic and has since been adopted by platforms like OpenAI, Microsoft, Google, and Amazon. Because the standard is open, the institutional knowledge encoded in each skill is a durable, portable asset rather than a capability locked to one provider, built once and able to run on any compatible platform.
Moody's plans to expand its library of skills to include credit analysis, lead generation, third-party due diligence, and insurance underwriting – extending its analytical frameworks into more of the high-stakes workflows where financial professionals operate. Each new skill will follow the same open, platform-agnostic standard, ensuring the institutional knowledge remains a durable, portable asset across compatible AI platforms.
To learn more, visit https://www.moodys.com/web/en/us/creditview/blog/moodys-skills.html
About Moody’s Corporation
In a world shaped by increasingly interconnected risks, Moody's (NYSE: MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody's gives customers the comprehensive perspective needed to act with confidence and thrive. Learn more at moodys.com.
“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995
Certain statements contained in this document are forward-looking statements and are based on future expectations, plans and prospects for Moody’s business and operations that involve a number of risks and uncertainties. Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this document are made as of the date hereof, and Moody’s undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. Factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are described in greater detail under “Risk Factors” in Part I, Item 1A of Moody’s annual report on Form 10-K for the year ended December 31, 2025, and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company’s business, results of operations and financial condition.
