The company said total revenue for the quarter ended September 30, 2026 rose 1%, with MA revenue up 3% and MIS (Moody's Investors Service) revenue down 1%. It cited demand for insurance and cloud-based banking and KYC solutions as drivers of MA growth.

10-QQuarterly reportFiled Oct 21, 2026Period of report Sep 30, 2026Summary published (UTC) Oct 21, 2026

Key points

AI summary

The company said total revenue for the quarter ended September 30, 2026 rose 1%, with MA revenue up 3% and MIS (Moody's Investors Service) revenue down 1%. It cited demand for insurance and cloud-based banking and KYC solutions as drivers of MA growth.
The company said MIS (Moody's Investors Service) CFG revenue fell 8% in Q3, and transaction revenue declined $59 million. It attributed the decline to lower speculative-grade issuance and lower bank loan issuance, and said higher investment-grade issuance supported by AI-related financing partially offset it.
The company said the increase in diluted EPS for Q3 mainly reflected the gain on the divestiture of the MA Regulatory Solutions business and a lower diluted weighted average share count from share repurchases. It also said the tax benefit from the lapse of a statute of limitations was offset by the release of $8 million of indemnification asset, so there was no impact on net income.
The company said net cash provided by operating activities for the 9 months ended September 30, 2026 rose $428 million from the prior-year period. Cash used in financing activities increased $736 million, and the company said cash paid for share repurchases was $1.4 billion higher than a year earlier.

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.

Q3 2026 Revenue and Segment Changes

The company said total revenue for the quarter ended September 30, 2026 rose 1%, with MA revenue up 3% and MIS (Moody's Investors Service) revenue down 1%. It cited demand for insurance and cloud-based banking and KYC solutions as drivers of MA growth.

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

MIS CFG Revenue Decline and Investment-Grade Issuance

The company said MIS (Moody's Investors Service) CFG revenue fell 8% in Q3, and transaction revenue declined $59 million. It attributed the decline to lower speculative-grade issuance and lower bank loan issuance, and said higher investment-grade issuance supported by AI-related financing partially offset it.

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

Q3 EPS Increase and Tax Effects

The company said the increase in diluted EPS for Q3 mainly reflected the gain on the divestiture of the MA Regulatory Solutions business and a lower diluted weighted average share count from share repurchases. It also said the tax benefit from the lapse of a statute of limitations was offset by the release of $8 million of indemnification asset, so there was no impact on net income.

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

9-Month Operating Cash Flow and Share Repurchases

The company said net cash provided by operating activities for the 9 months ended September 30, 2026 rose $428 million from the prior-year period. Cash used in financing activities increased $736 million, and the company said cash paid for share repurchases was $1.4 billion higher than a year earlier.

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

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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

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