Moody’s Corporation 4Q 2021 revenue of $1.5 billion, up 19% from 4Q 2020; Full Year 2021 revenue of $6.2 billion, up 16% from FY 2020

4Q 2021 diluted EPS of $2.28, up 37% from 4Q 2020 and adjusted diluted EPS1 of $2.33, up 22%; FY 2021 diluted EPS of $11.78, up 25% from FY 2020 and adjusted diluted EPS1 of $12.29, up 21%. Projected FY 2022 diluted EPS of $11.50 to $12.00 and adjusted diluted EPS1 of $12.40 to $12.90

Introducing new medium-term guidance2, including for revenue to grow by at least 10% on an average annualized basis

“Moody’s achieved record revenue in 2021 with Moody’s Investors Service and Moody’s Analytics both delivering mid-teens percent growth,” said Rob Fauber, President and Chief Executive Officer of Moody’s. “Throughout the year, we strategically invested in our business to help our customers make better decisions around a wider range of risks. These investments position us to further expand our suite of offerings and to create long-term, sustainable value for all our stakeholders. For 2022, that translates to forecasted revenue growth in the high-single-digit percent range and adjusted diluted EPS in the range of $12.40 to $12.90. As we scale our integrated risk assessment offerings, we’re also pleased to introduce new medium-term guidance, including our expectation for Moody’s revenue to grow by at least 10% on an average annualized basis and adjusted operating margin to be in the low-50s percent range.”

Fourth Quarter Revenue Up 19%

Moody’s Corporation reported revenue of $1.5 billion for the three months ended December 31, 2021, up 19% from the prior-year period. Foreign currency translation unfavorably impacted Moody’s revenue by 1%.

  • Revenue for MIS in the fourth quarter of 2021 was $871 million, up 19% from the prior-year period. Foreign currency translation unfavorably impacted MIS revenue by 1%.
  • Moody’s Analytics (MA) Fourth Quarter Revenue Up 20%.  Revenue for MA in the fourth quarter of 2021 was $668 million, up 20% from the prior-year period. Recurring revenue grew 22% and comprised 93% of total MA revenue, up from 91%. Organic MA revenue1 and organic MA recurring revenue1 were up 6% and 8%, respectively. Both organic figures excluded the impact of acquisitions completed in the prior twelve months. Foreign currency translation unfavorably impacted total MA revenue by 1%.

Full Year Revenue Up 16%

Moody’s Corporation reported revenue of $6.2 billion for full year 2021, up 16% from the prior-year period. Foreign currency translation favorably impacted Moody’s revenue by 2%.

MIS revenue totaled $3.8 billion, up 16%. Foreign currency translation favorably impacted MIS revenue by 1%.

MA revenue totaled $2.4 billion, up 16%. Organic MA revenue and organic MA recurring revenue1 were up 9% and 12%, respectively. Both organic figures excluded the impact of acquisitions completed in the prior twelve months. Foreign currency translation favorably impacted MA revenue by 2%.

Source:  Moody’s Earnings Release

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