Company Reports

Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, issuers, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, issuers, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Moody’s reported a strong second quarter, with 16% organic revenue growth, 25% ratings revenue growth, and 31% adjusted EPS growth. Moody’s only made some small tweaks to its full-year outlook, including increasing its 2026 adjusted EPS outlook by $0.05 at the midpoint to $16.75.

Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, issuers, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Moody’s reported first-quarter 2026 organic revenue growth of 6% in both the firm's ratings and analytics segments. Adjusted operating income rose 11%, and the firm maintained its adjusted operating guidance. Shares rose 3% in intraday trading on April 22.

Amid the possibility of generative AI disrupting many industries, we reviewed the moat ratings for an array of capital markets information services stocks, including Broadridge, Clearwater Analytics, FactSet, Fair Isaac, Moody’s, MSCI, S&P Global, SS&C Technologies, and Verisk.

Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, issuers, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Moody’s reported fourth-quarter revenue of $1.89 billion, up 13% annually, with ratings revenue up 17%. Moody’s also provided its initial 2026 outlook, which calls for ratings revenue growth at a high-single-digit percentage rate. Shares rose 6% during the Feb. 18 intraday trading session.

In intraday trading on Feb. 3, a broad group of information-services companies, such as rating agencies, data providers, index providers, credit bureaus, and others, are seeing share price declines of 5% or more.

Our perusal of S&P Ratings disclosures indicates that its list price on most US corporate transactions as of January 2026 is 8.35 basis points with a minimum fee of $155,000; this is 3.1% higher than the 8.10 basis points list price in January 2025.

Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Moody’s reported a strong third quarter, generating 11% revenue growth, 12% ratings revenue growth, and 22% adjusted operating income growth. In addition, the firm increased its revenue and margin outlook for 2025.

Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Along with S&P Ratings, Moody's is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Moody’s reported second-quarter revenue of $1.90 billion, up 4% with ratings revenue flat and Moody’s Analytics revenue up 7% organically. Adjusted EBITDA margins increased to 50.9% from 49.6%. The firm raised the low end of its earnings per share and ratings revenue outlook for 2025.

Along with S&P Ratings, Moody’s is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Moody’s reported a solid start to the year, with first-quarter revenues and adjusted operating income up 8% and 10%, respectively. However, the firm lowered and widened its ratings revenue outlook for 2025 and lowered its adjusted EPS outlook by 4% at the midpoint.

Along with S&P Ratings, Moody’s is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.

Wide-moat-rated Moody’s fourth-quarter results failed to live up to our model, which we updated after S&P Global reported, but the firm’s 2025 ratings revenue and margin outlooks were strong, in our view. In addition, Moody’s tweaked its medium-term outlook to include high ratings revenue growth. As we update our model, we expect to increase our $450 fair value estimate by a single-digit percentage as we increase our margin assumptions.

Along with S&P Ratings, Moody’s is a market leader in providing credit ratings on fixed-income securities. Given the embedded nature of credit ratings among investors, regulators, and index providers, Moody’s enjoys a strong competitive position and strong operating margin.