Moody’s Investors Service revenue of $938 million, up 27%; Moody’s Analytics revenue of $497 million up 5%
2Q20 diluted EPS of $2.69 up 66% from 2Q19; adjusted diluted EPS of $2.81 up 36%1
FY 2020 guidance range for diluted EPS raised to $8.15 to $8.55; adjusted diluted EPS guidance raised to $8.80 to $9.20
“The strength of Moody’s is in our people, and I would like to thank our employees around the world for their dedication during this challenging time in support of Moody’s stakeholders. Our mission, to provide trusted insights and standards that help decision makers act with confidence, has never been more relevant, and our operating results reflect that,” said Raymond McDaniel, President and Chief Executive Officer of Moody’s. “Moody’s Investors Service exhibited robust top-line growth as issuers continued to seek liquidity amid broadly receptive credit market conditions. Furthermore, Moody’s Analytics growth remained resilient as its transition to subscription-based products progressed. As the second quarter exceeded our expectations, we are raising and narrowing our full year 2020 adjusted diluted EPS guidance range to $8.80 to $9.20, while still expecting debt issuance to taper in the second half of the year.”
Moody’s Corporation reported revenue of $1.4 billion for the three months ended June 30, 2020, up 18% from the prior-year period. Foreign currency translation unfavorably impacted Moody’s revenue by 1%.
Moody’s Investors Service (MIS) Second Quarter Revenue Up 27%: Revenue for MIS for the second quarter of 2020 was a record $938 million, up 27% from the prior-year period. Foreign currency translation unfavorably impacted MIS revenue by 1%. The MIS adjusted operating margin was 64.0%.
Moody’s Analytics (MA) Second Quarter Revenue Up 5%: Revenue for MA for the second quarter of 2020 was $497 million, up 5% from the prior-year period. Organic MA revenue1 was $475 million, up 6% and excluded the impact of the Moody’s Analytics Knowledge Services (MAKS) divestiture and acquisitions completed in the past twelve months. Foreign currency translation unfavorably impacted total MA revenue by 2%. The MA adjusted operating margin was 28.7%.
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