• Moody’s Investors Service revenue of $980 million, up 4%; Moody’s Analytics revenue of $573 million, up 15%, excluding acquisitions up 13%
  • 2Q 2021 diluted EPS of $3.07, up 14% from 2Q 2020; adjusted diluted EPS1of $3.22, up 15%
  • FY 2021 diluted EPS and adjusted diluted EPS1guidance ranges raised to $10.95 to $11.25 and $11.55 to $11.85, respectively

Moody’s Corporation (NYSE: MCO) has announced results for the second quarter of 2021 and updated its full year 2021 outlook.

“Moody’s impressive second quarter 2021 results reflect the strong demand for our increasingly comprehensive suite of risk assessment offerings as we help our customers make better decisions about a wider range of risks,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “This quarter, Moody’s Investors Service revenue grew in the mid-single-digit percent range, benefitting from economic tailwinds that supported increased leveraged finance and CLO activity. In Moody’s Analytics, continued demand for KYC and compliance solutions, as well as research and data feeds, drove mid-teens revenue growth. Due to our robust first half performance, we now forecast Moody’s full year 2021 revenue to increase in the low-double-digit percent range and are raising our full year 2021 adjusted diluted EPS guidance range to $11.55 to $11.85.”

Second Quarter Revenue Up 8%

Moody’s Corporation reported revenue of $1.6 billion for the three months ended June 30, 2021, up 8% from the prior-year period. Foreign currency translation favorably impacted Moody’s revenue by 3%.

Moody’s Investors Service (MIS) Second Quarter Revenue Up 4%

Revenue for MIS for the second quarter of 2021 was $980 million, up 4% from the prior-year period. Foreign currency translation favorably impacted MIS revenue by 2%. The MIS adjusted operating margin was 66.3%.

Moody’s Analytics (MA) Second Quarter Revenue Up 15%

Revenue for MA for the second quarter of 2021 was $573 million, up 15% from the prior-year period. Recurring revenue grew 18% and comprised 93% of total MA revenue, up from 92% in the prior-year period. Organic MA revenue1 was $560 million, up 13%, and excluded the impact of acquisitions completed in the prior twelve months. Foreign currency translation favorably impacted total MA revenue by 5%. The MA adjusted operating margin was 31.8%.

Source:  Moody’s Earnings Release

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