NEW YORK–(BUSINESS WIRE)– Moody’s Corporation (NYSE: MCO) today announced results for the third quarter 2026.
Download the Full Earnings Report here.
The Earnings Release and other earnings materials can be found on Moody’s IR website at ir.moodys.com. In addition, the Earnings Release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov.
“Moody’s delivered another quarter of strong profitability and earnings growth, with disciplined execution and healthy cash generation amidst an increasingly complex operating environment. It’s in markets like these that our customers truly value our independent insights and connected intelligence.”
— Rob Fauber, President and Chief Executive Officer, Moody’s Corporation
“Moody’s delivered another quarter of strong profitability and earnings growth, with disciplined execution and healthy cash Third Quarter 2026 Highlights
- MCO revenue of $2.0 billion increased 1% from the prior-year period and 3% on an organic constant currency1 basis.
- MCO’s operating margin was 44.8% and MCO’s Adjusted Operating Margin1 was 52.6%.
- Diluted EPS and Adjusted Diluted EPS1 increased 18% and 6%, respectively, from the prior-year period.
- Year-to-date, operating cash flow was $2,471 million, up 21%, and Free Cash Flow1 was $2,200 million, up 22%. Returned approximately $3.1 billion to shareholders year-to-date, including $2.6 billion of shares repurchased.
- Reaffirmed guidance2 for full-year 2026, including Diluted EPS range of $16.00 to $16.50 and Adjusted Diluted EPS1 range of $16.50 to $17.00.
Third Quarter 2026 Financial Results
The following table summarizes the key financial performance measures for the third quarter of 2026.
1 Refer to the tables at the end of this earnings release for reconciliations of the non-GAAP adjusted and organic constant currency measures to U.S. GAAP.
2 Guidance as of October 21, 2026. Refer to page 5 for table of all items for which the Company provides guidance and page 7 for disclosure regarding the assumptions used by the Company with respect to its guidance.
3 Refer to Table 10 at the end of this press release for the definition of and further information on the Annualized Recurring Revenue (ARR) metric.
OUTLOOK
Moody’s outlook for full year 2026, as of October 21, 2026, reflects assumptions about numerous factors that could affect its business and is based on currently available information reviewed by management through, and as of, today’s date. For a complete list of these assumptions, please refer to “Assumptions” on page 7 of this earnings release.
ASSUMPTIONS
Moody’s outlook for full year 2026, as of October 21, 2026, reflects assumptions about numerous factors that could affect its business and is based on currently available information reviewed by management through, and as of, today’s date. These assumptions include, but are not limited to, the effects of current economic conditions, including tariff and trade policies, the effects of interest rates, inflation, foreign currency exchange rates, capital markets’ liquidity, and activity in different sectors of the debt markets. Except to the extent specifically stated otherwise, this outlook does not take into account any acquisitions or dispositions that have not closed prior to the date of this release. This outlook also reflects uncertainties about global GDP growth and could be affected by the impact of changes in international economic conditions, geopolitical events, and international trade and economic policies. Actual full year 2026 results could differ materially from Moody’s current outlook. This outlook incorporates various specific macroeconomic assumptions, including:
Download the Full Earnings Report here.
Webcast replay:
The webcast and its replay can be accessed through Moody’s Investor Relations website, ir.moodys.com within “Events & Presentations”.
ABOUT Moody’s
In a world shaped by increasingly interconnected risks, Moody’s (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.
Source: Moody’s Earnings Release
