Moody’s Corporation 4Q19 revenue of $1.2 billion up 16% from 4Q18; FY 2019 revenue of $4.8 billion up 9% from FY 2018

  • 4Q19 diluted EPS of $1.88 up 46% from 4Q18; 4Q19 adjusted diluted EPS of $2.00 up 23%1
  • FY 2019 diluted EPS of $7.42 up 10% from FY 2018; FY 2019 adjusted diluted EPS of $8.29 up 12%1
  • Projected FY 2020 diluted EPS of $8.60 to $8.80; adjusted diluted EPS of $9.10 to $9.30

Moody’s Corporation (NYSE: MCO) today announced results for the fourth quarter and full year 2019, as well as provided its outlook for full year 2020.

Moody’s revenue growth for full year 2019 was the result of strong contributions from both Moody’s Analytics and Moody’s Investors Service. Robust performance at Moody’s Analytics was driven by increasing customer demand for core research and data products, along with compliance and know-your-customer solutions. Additionally, Moody’s Investors Service benefited from increased global bond issuance amid generally favorable market conditions,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “For 2020, weexpect to continue leveraging the capabilities of our core businesses, further innovate with new technologies and capitalize on strategic investments, such as our recently announced acquisition of Regulatory DataCorp.”

Moody’s Investors Service (MIS) Fourth Quarter Revenue Up 21%:  Revenue for MIS for the fourth quarter of 2019 was $720 million, up 21% from the prior-year period and above the 18% increase in overall debt issuance2 due to a favorable mix of debt issuers. Foreign currency translation unfavorably impacted MIS revenue by 1%. The MIS adjusted operating margin was 56.6%.

Moody’s Analytics (MA) Fourth Quarter Revenue Up 10%: Revenue for MA for the fourth quarter of 2019 was $513 million, up 10% from the prior-year period. The impact of foreign currency translation on MA revenue was negligible. Organic MA revenue1 for the fourth quarter of 2019 was $505 million, up 12% from the prior-year period. The MA adjusted operating margin was 25.6%.

Source: Moody’s Press Release