Moody's said global MA revenue rose 10%, with growth in both the U.S. (9%) and internationally (12%), and ARR increased 10%. The company cited demand for KYC solutions, insurance products and SaaS-based banking offerings as drivers of growth.

1. 01

   Moody's said global MA revenue rose 10%, with growth in both the U.S. (9%) and internationally (12%), and ARR increased 10%. The company cited demand for KYC solutions, insurance products and SaaS-based banking offerings as drivers of growth.

2. 02

   The company said growth in MIS revenue reflected increases in CFG, FIG and PPIF, while SFG declined across most asset classes. It said SFG revenue fell 12% and transaction revenue decreased $72 million.

3. 03

   Moody's said realized losses on fixed-to-floating interest rate swaps rose $81 million due to higher interest rates, and that the prior year included a gain on debt extinguishment of $70 million. Interest income, however, increased $48 million, it said.

4. 04

   Moody's said net cash provided by operating activities in 2023 increased $677 million from the prior year. As of December 31, 2023, the company said cash and cash equivalents and short-term investments were $2.2 billion and debt was $7.0 billion.

Key figures

Fiscal year ended December 31, 2023

Revenue

$5.9B

Operating income

$2.1B

Net income

$1.6B

EPS

$8.73

Operating cash flow

$2.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.