Moody’s Corporation 4Q 2020 revenue of $1.3 billion, up 5% from 4Q 2019; FY 2020 revenue of $5.4 billion up 11% from FY 2019

  • 4Q 2020 diluted EPS of $1.66, down 12% from 4Q 2019; adjusted diluted EPS of $1.91, down 5%1
  • FY 2020 diluted EPS of $9.39, up 27% from FY 2019; adjusted diluted EPS of $10.15, up 22%1
  • Projected FY 2021 diluted EPS of $9.70 to $10.10; adjusted diluted EPS of $10.30 to $10.701

“MIS had another strong quarter with a favorable issuance mix from leveraged loans and infrequent bank issuers. Our MA team delivered growth by staying close to the customer, driving subscription sales and high retention,” said Robert Fauber, President and Chief Executive Officer of Moody’s.

“As managing risk becomes more complex, the demand for our insights and solutions has never been greater. In 2021, we will help our customers navigate the changing environment by continuing to enhance our products, bringing new capabilities to the market and building on the strengths of our core businesses. We project 2021 revenue growth in the mid-single-digit percent range with strong growth in Moody’s Analytics offsetting expectations for a modest decline in global debt issuance.”

FOURTH QUARTER REVENUE UP 5%

Moody’s Corporation reported revenue of $1.3 billion for the three months ended December 31, 2020, up 5% from the prior-year period. Foreign currency translation favorably impacted Moody’s revenue by 2%.

Moody’s Investors Service (MIS) Fourth Quarter Revenue Up 2%

Revenue for MIS for the fourth quarter of 2020 was $735 million, up 2% from the prior-year period. Foreign currency translation favorably impacted MIS revenue by 2%. The MIS adjusted operating margin was 48.3%.

Moody’s Analytics (MA) Fourth Quarter Revenue Up 8%

Revenue for MA for the fourth quarter of 2020 was $555 million, up 8% from the prior-year period. Organic MA revenue1 was $538 million, up 7% and excluded the impact of the divestiture of Moody’s Analytics Knowledge Services (MAKS) and acquisitions completed in the past twelve months. Foreign currency translation favorably impacted total MA revenue by 2%. The MA adjusted operating margin was 28.4%.

FULL YEAR REVENUE UP 11%

Moody’s Corporation reported revenue of $5.4 billion for full year 2020, up 11% from the prior-year period. The impact of foreign currency translation was negligible.

MIS revenue totaled $3.3 billion, up 15% from the prior-year period. The impact of foreign currency translation was negligible. The MIS adjusted operating margin was 59.7%.

MA revenue totaled $2.1 billion, up 6% from the prior-year period. Organic MA revenue1 was $2.0 billion, up 8% and excluded the impact of the divestiture of MAKS and acquisitions completed in the past twelve months. The impact of foreign currency translation was negligible. The MA adjusted operating margin was 29.4%.

Source: Moody’s Earnings Release