The company said MCO revenue in Q1 2026 rose to $2,079 million, up 8% from the prior-year period, and that its Adjusted Operating Margin improved by 150 basis points to 53.2%. Its operating margin was 44.3%.

1. 01

   The company said MCO revenue in Q1 2026 rose to $2,079 million, up 8% from the prior-year period, and that its Adjusted Operating Margin improved by 150 basis points to 53.2%. Its operating margin was 44.3%.

2. 02

   Moody's said MIS revenue in Q1 2026 increased 8% from the prior-year period to $1,153 million, its MIS adjusted operating margin was 66.7%, and MA ARR grew 8% to $3,607 million.

3. 03

   The company said operating cash flow in Q1 was $939 million (up 24%) and Free Cash Flow was $844 million (up 26%). It also returned approximately $1.7 billion to shareholders, including $1.5 billion in share repurchases and $185 million in dividends.

4. 04

   The company said it changed its full-year 2026 share repurchase outlook to approximately $2.5 billion from approximately $2.0 billion, and its diluted EPS outlook to $16.00 to $16.60 from $15.00 to $15.60. Its Adjusted Diluted EPS outlook of $16.40 to $17.00 was unchanged.

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.

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.