Moody`s Corp.
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+ FollowMarket Cap$87.69B
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Earnings Call Q3 2026
October 21, 2026 - AI Summary
Strong quarter vs. mixed issuance; guidance reaffirmed
- Revenue topped $2B for the 3rd straight quarter; rated issuance down ~2% YoY, but Moody’s delivered adjusted operating margin of 52.6% and adjusted diluted EPS up 6%.
- Despite uneven market conditions (some strength offset by softness), management emphasized resilience and disciplined execution.
- Full-year guidance metrics reaffirmed (no raise in July earlier due to tougher comps + macro uncertainty).
Ratings: durable multi-year funding “deep currents” + refinancing support
- MIS (ratings) saw issuance ~$1.7T, down ~2% YoY (2nd-highest third quarter level on record), with variation by asset class:
- Investment-grade issuance up ~16% (supported by AI infrastructure/hyperscaler financing).
- High yield revenue down ~40% and bank loan revenue down ~27% (leveraged finance pullback).
- Management highlighted structural drivers: U.S./EMEA refinancing needs >$5T over next 4 years (modest decline vs last year, but reflects FX + maturity extensions); U.S. 5-year view shows peak pushed further (2028 → 2031).
Moody’s Analytics (MA): recurring growth strong; transaction headwind mainly divestiture
- MA delivered +3% reported revenue growth (+8% organic constant currency). Recurring organic CC revenue +9% and represents ~99% of MA revenue.
- ARR ~ $3.7B, up ~8% YoY, with retention ~95% (trailing 12 months).
- Transactional revenue fell 76% YoY, primarily due to the Learning Solutions divestiture.
- Profitability: MA adjusted operating margin 35.3%, +100 bps YoY (benefits from simplifying portfolio/tech + efficiencies).
- Insurance ARR grew ~10% (notably CAT risk + casualty solutions); Banking ARR ~8% (lending up ~12%); KYC ARR +12%.
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$165.08
67.4% downside
Current Fair Value
67.4% downsideOvervalued by 67.4% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $87.69 Billion |
|---|---|
| Enterprise Value | $95.07 Billion |
| Annual dividend | $4.03 |
| Dividend yield | 0.80% |
| Earnings per Share | $13.73 |
| Beta | 1.3 |
| Outstanding Shares | 172,800,000 |
Return
| Return on Equity | 88.22% |
|---|---|
| Return on Assets | 19.44% |
| Return on Invested Capital | 29.06% |
Valuation & Multiples
| P/E Ratio | 30.74 |
|---|---|
| PEG | 225.66 |
| Price to Sales | 10.76 |
| Price to Book Ratio | 26.61 |
| Enterprise Value to Revenue | 11.63 |
| Enterprise Value to EBIT | 28.33 |
| Enterprise Value to Net Income | 32 |
| Total Debt to Enterprise | 0.09 |
| Debt to Equity | 2.72 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 28, 2026
EPS Estimate
$4.25
Consensus analyst estimateRevenue Estimate
$2.07 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 17, 2027
EPS Estimate
$3.59
Consensus analyst estimateRevenue Estimate
$1.93 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 59.70% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 16.45%▼ 74.46% |
|---|---|
| Total Invested | $13.10B▼ 81.85% |
| Investors Holding | 720▼ 738.00% |
About Moody`s Corp.
16,076 employees
CEO: Raymond McDaniel
Moody's Corporation functions worldwide as a comprehensive enterprise dedicated to risk evaluation. Its operations are bifurcated into two principal divisions: Moody's Investors Service and Moody's Analytics. Moody's Investors Service is...