Moody's Corporation earnings overview

MCO FY2026 Q2 · Calendar Q3 2026

Moody's Corporation

Moody's accelerated from 8% revenue growth in Q1 to 15% in Q2, with adjusted EPS of $4.68 beating consensus by roughly 10%. The beat was driven by Moody's Investors Service, where transaction revenue surged 34% on $2 trillion in rated issuance — primarily AI data-center financing and private credit. Moody's Analytics grew ARR to $3.7 billion at approximately 9% year-over-year. Management responded by raising the full-year EPS midpoint to $16.75 and upgrading the issuance outlook to mid-single-digit growth. New strategic milestones included on-chain ratings on Solana, a re-entry into insurance-linked securities via a EUR 100 million flood catbond, and expanded AI integrations with Amazon and Microsoft. Despite the solid quarter, the stock reaction was muted — the abnormal move was essentially flat at -0.10% with subsequent drift of -1.12% — which may reflect the stock's pre-earnings…