Moody's
Publishes credit ratings and sells subscription data, analytics and risk-management workflows.
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Profile
Publishes credit ratings on companies, governments and structured finance, while selling subscription research, company and credit data, and cloud risk workflows to financial institutions and other organizations. Ratings fees remain sensitive to debt issuance and regulation; analytics revenue is largely recurring.
Issues credit ratings and assessment services through Moody's Ratings, covering companies, financial institutions, governments, public finance and structured products worldwide. Fees come from assigning and monitoring ratings, so activity is tied partly to debt issuance, while the ratings operation is regulated across major markets.
Builds Moody's Analytics around Research & Insights, Data & Information, and Decision Solutions. These subscription-led businesses combine company, credit and economic data with models and cloud workflows for banking, insurance and know-your-customer processes, including catastrophe and climate risk. Shared data and research connect the analytics and ratings franchises; both depend on the integrity of proprietary datasets and analytical methods. Ratings regulation, financial-market activity and customers' compliance requirements shape demand and operating costs.
Company facts
Categories
Key statistics
Year to date +3.2% · Average volume (30d) 782.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 27, 2026 | Mizuho Securities | Target | $521 | $530 | |
| Jul 23, 2026 | UBS | Reiterate | Neutral | $490 | $505 |
| Jul 23, 2026 | Robert W. Baird | Target | $512 | $572 | |
| Jul 23, 2026 | Wells Fargo | Reiterate | Overweight | $590 | $597 |
| Jul 22, 2026 | Morgan Stanley | Target | $496 | $512 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $4.26 | $4.68 | +9.9% | $2.09B | $2.19B | +4.7% | −3.57% |
| Apr 22, 2026Q1 FY26 | $4.22 | $4.33 | +2.6% | $2.07B | $2.08B | +0.5% | −3.08% |
| Feb 18, 2026Q4 FY25 | $3.43 | $3.64 | +6.1% | $1.86B | $1.89B | +1.5% | −0.33% |
| Oct 22, 2025Q3 FY25 | $3.70 | $3.92 | +5.9% | $1.96B | $2.01B | +2.6% | +1.38% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.92B | $1.90B | $2.01B | $1.89B | $2.08B | $2.19B | |
| Gross profit | $1.32B | $1.28B | $1.39B | $1.26B | $1.55B | $1.67B | |
| Operating income | $882.0M | $843.0M | $917.0M | $795.0M | $922.0M | $1.05B | |
| Net income | $625.0M | $578.0M | $646.0M | $610.0M | $661.0M | $878.0M | |
| Diluted EPS | $3.46 | $3.20 | $3.60 | $3.41 | $3.73 | $5.02 | |
| Gross margin | 68.7% | 67.7% | 69.4% | 66.9% | 74.5% | 76.3% | |
| Operating margin | 45.8% | 44.4% | 45.7% | 42.1% | 44.3% | 47.9% |
Fiscal years (4-quarter sums)FY21 $6.22B · FY22 $5.47B · FY23 $5.92B · FY24 $7.09B · FY25 $7.72B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.50B · Total debt $7.52B · Total assets $14.68B · Shareholders' equity $3.03B
Dividends
Raised for 24 straight years — most recently to $1.03 from $0.94 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 14, 2026 | Aug 14 | Sep 4 | $1.03 | |
| May 15, 2026 | May 15 | Jun 5 | $1.03 | |
| Mar 2, 2026 | Mar 2 | Mar 13 | $1.03 | raised from $0.94 |
| Nov 21, 2025 | Nov 21 | Dec 12 | $0.94 | |
| Aug 15, 2025 | Aug 15 | Sep 5 | $0.94 | |
| May 16, 2025 | May 16 | Jun 6 | $0.94 | |
| Feb 25, 2025 | Feb 25 | Mar 14 | $0.94 | raised from $0.85 |
| Nov 22, 2024 | Nov 22 | Dec 13 | $0.85 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 173.20M · Float 158.52M · 91.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Berkshire Hathaway Inc | 24.67M | 14.24% | 13F | Aug 14, 2026 |
| Tci Fund Management Ltd | 14.33M | 8.28% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 12.46M | 7.20% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 9.76M | 5.63% | 13F | Aug 13, 2026 |
| State Street Corp | 7.11M | 4.11% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 3, 2026 | Robert Fauber | director, officer: President and CEO | −1,167 | $484.30 |
| Jul 1, 2026 | Richard G. Steele | officer: SVP - General Counsel | −157 | $455.49 |
| Jul 1, 2026 | Robert Fauber | director, officer: President and CEO | −1,167 | $455.49 |
| Jun 1, 2026 | Robert Fauber | director, officer: President and CEO | −1,167 | $453.67 |
| Jun 1, 2026 | Richard G. Steele | officer: SVP - General Counsel | −158 | $453.67 |
Peers
- S&P Global
Dominant rival across credit ratings and financial data analytics.
- MSCI
Competes in ESG ratings, climate risk analytics, and portfolio risk tools.
- Morningstar
NRSRO rival (Morningstar DBRS) plus research data and ESG analytics overlap.
- Verisk Analytics
Head-to-head in catastrophe risk modelling against Moody's RMS.
- FactSet
Competes in financial data subscriptions and buy-side analytics workflows.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Moody's | $519.27 | +0.84% | $89.19B | 32.7 | 28.9 | 10.9 | +15.1% |
| S&P Global | $442.90 | +0.00% | $130.56B | 27.0 | 23.4 | 8.1 | −2.1% |
| MSCI | $570.77 | −0.01% | $41.49B | 31.4 | 27.1 | 12.4 | +12.2% |
| Morningstar | $217.65 | −0.03% | $8.16B | 20.6 | 16.9 | 3.2 | +9.6% |
| Verisk Analytics | $191.77 | 0.00% | $24.96B | 29.5 | 23.5 | 8.0 | +4.4% |
| FactSet | $308.68 | −0.07% | $10.99B | 20.3 | 16.2 | 4.5 | +6.4% |
| Median | 27.0 | 23.4 | 8.0 | +6.4% |