Moody's said MA revenue grew 11% in Q2 2025 and MIS revenue was in line with the prior year. The company said the decline in bank loan issuance in MIS was offset by higher investment-grade issuance and monitoring fees.

10-QQuarterly reportFiled Jul 24, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Moody's said MA revenue grew 11% in Q2 2025 and MIS revenue was in line with the prior year. The company said the decline in bank loan issuance in MIS was offset by higher investment-grade issuance and monitoring fees.
Moody's said organic constant currency revenue growth for MA external revenue was 7% in Q2 and ARR increased 8%. The company said Decision Solutions KYC recurring revenue grew 23% and KYC ARR increased 15%.
Moody's said operating cash flow for the 6 months ended 2025 declined $161 million compared with the prior year. The company cited higher income tax payments of $198 million and an increase of approximately $100 million in incentive compensation payments as key factors.
Moody's said cash and cash equivalents and short-term investments totaled $2.3 billion as of June 30, 2025, of which approximately $1.7 billion was held outside the United States. The company said the principal balance of debt was $7.2 billion as of the same date and additional available capacity under the CP Program was approximately $1 billion.

Key figures

Quarter ended June 30, 2025

Revenue: $1.9B
Operating income: $818M
Net income: $578M
EPS: $3.21

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Q2 MA and MIS Revenue Trends

Moody's said MA revenue grew 11% in Q2 2025 and MIS revenue was in line with the prior year. The company said the decline in bank loan issuance in MIS was offset by higher investment-grade issuance and monitoring fees.

Source · Based on the MD&A text of the filing

Q2 MA External Revenue, ARR and KYC Growth

Moody's said organic constant currency revenue growth for MA external revenue was 7% in Q2 and ARR increased 8%. The company said Decision Solutions KYC recurring revenue grew 23% and KYC ARR increased 15%.

Source · Based on the MD&A text of the filing

First-Half Operating Cash Flow Decline

Moody's said operating cash flow for the 6 months ended 2025 declined $161 million compared with the prior year. The company cited higher income tax payments of $198 million and an increase of approximately $100 million in incentive compensation payments as key factors.

Source · Based on the MD&A text of the filing

Cash and Debt Balances as of June 30

Moody's said cash and cash equivalents and short-term investments totaled $2.3 billion as of June 30, 2025, of which approximately $1.7 billion was held outside the United States. The company said the principal balance of debt was $7.2 billion as of the same date and additional available capacity under the CP Program was approximately $1 billion.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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