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Moody's logoMoody's MCO

Moody's said MCO revenue for Q2 2025 was $1.9 billion, up 4% from the prior-year period. Moody's Analytics revenue was $888 million, up 11%, and Moody's Investors Service revenue was $1.0 billion, flat with the prior-year period.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Moody's said MCO revenue for Q2 2025 was $1.9 billion, up 4% from the prior-year period. Moody's Analytics revenue was $888 million, up 11%, and Moody's Investors Service revenue was $1.0 billion, flat with the prior-year period.

  2. The company said MCO's operating margin for Q2 2025 was 43.1% and its adjusted operating margin was 50.9%, up 130 basis points from the prior-year period. MA's adjusted operating margin was 32.1%, and MIS's was 64.2%.

  3. Moody's said operating cash flow for the first 6 months of 2025 was $1,300 million, and free cash flow was $1,140 million. The company cited higher tax and incentive compensation payments compared with the prior-year period as the driver of the decrease.

  4. The company said it narrowed its full-year adjusted diluted EPS guidance for 2025 by $0.25 to $13.50~$14.00. It also set its full-year diluted EPS outlook at $12.25~$12.75.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 Revenue $1.9 billion, Segment Trends

Moody's said MCO revenue for Q2 2025 was $1.9 billion, up 4% from the prior-year period. Moody's Analytics revenue was $888 million, up 11%, and Moody's Investors Service revenue was $1.0 billion, flat with the prior-year period.

Source · Based on the filing body and exhibits

Q2 Adjusted Operating Margin 50.9%

The company said MCO's operating margin for Q2 2025 was 43.1% and its adjusted operating margin was 50.9%, up 130 basis points from the prior-year period. MA's adjusted operating margin was 32.1%, and MIS's was 64.2%.

Source · Based on the filing body and exhibits

First-Half Operating and Free Cash Flow

Moody's said operating cash flow for the first 6 months of 2025 was $1,300 million, and free cash flow was $1,140 million. The company cited higher tax and incentive compensation payments compared with the prior-year period as the driver of the decrease.

Source · Based on the filing body and exhibits

Full-Year Adjusted Diluted EPS Outlook $13.50 to $14.00

The company said it narrowed its full-year adjusted diluted EPS guidance for 2025 by $0.25 to $13.50~$14.00. It also set its full-year diluted EPS outlook at $12.25~$12.75.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.