Latest revenue
$2.08B
as of 2026-03-31
Latest net income
$661.0M
as of 2026-03-31
Net margin
31.8%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $78.46B
- Enterprise value
- $84.44B
- P/E (trailing)
- 31.9×
- Forward P/E
- —
- P/B
- 26.21×
- Dividend yield
- 0.9%
- 52-wk high
- $546.88
- 52-wk low
- $402.28
- Beta
- —
- Shares out
- 174.7M
5-year trend
What this company does
Moody's runs two businesses: a credit rating agency (MIS) that grades corporate, government, and structured debt, and an analytics arm (MA) selling research, data, and cloud-based risk software to banks, insurers, and investors. Ratings fees from debt issuers and recurring subscriptions to MA's data and decision platforms drive revenue, which rose 8% year-over-year to $2.08 billion in Q1 2026. The company is aggressively returning capital, repurchasing $1.48 billion of stock in the quarter and pushing MA toward AI-adjacent data licensing as a growth engine alongside its entrenched ratings duopoly position.
Generated from MCO's filing dated 2026-02-18
Key risks
- Aggressive buybacks eroded equity: treasury repurchases hit $1.47B in Q1 2026 vs $373M prior year, cutting shareholders' equity from $4.05B to $2.99B.
- Liquidity tightened sharply: cash fell $915M to $1.47B while $576M of long-term debt rolled to current, leaving negative working capital of $571M.
- MIS ratings segment remains tied to debt issuance cycles; rising interest expense ($66M, +8% YoY) signals refinancing pressure as capital returns outpace free cash flow.
Generated from MCO's filing dated 2026-02-18
Profitability
Operating margin
43.4%
7.0%Net margin
31.9%
9.7%Return on equity
60.7%
5.1%Return on assets
15.5%
17.0%Leverage
Debt / equity
2.90×
13.3%Long-term debt / equity
1.73×
8.6%Debt / assets
74.4%
3.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $2.08B | +8.1% | $661.0M | +5.8% | 31.8% |
Q4 2025 2025-12-31 | $1.89B | +13.0% | $610.0M | +54.4% | 32.3% |
Q3 2025 2025-09-30 | $2.01B | +10.7% | $646.0M | +21.0% | 32.2% |
Q2 2025 2025-06-30 | $1.90B | +4.5% | $578.0M | +4.7% | 30.5% |
Q1 2025 2025-03-31 | $1.92B | +7.7% | $625.0M | +8.3% | 32.5% |
Q4 2024 2024-12-31 | $1.67B | — | $395.0M | — | 23.6% |
Q3 2024 2024-09-30 | $1.81B | +23.2% | $534.0M | +37.3% | 29.5% |
Q2 2024 2024-06-30 | $1.82B | +21.6% | $552.0M | +46.4% | 30.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Consumer Credit Reporting, Collection Agencies · SIC 7320
Your notes
Keep private notes on MCO — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$16.8M
Net activity
−$16.8M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns MCO
Institutional value
$20.88B
Total shares held
49.1M
Distinct holders
754
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 9.9M | $4.31B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.9M | $1.69B | — | New |
| 3 | Fiera Capital Corp | 2.4M | $1.03B | — | New |
| 4 | PineStone Asset Management Inc. | 2.3M | $1.03B | — | New |
| 5 | Bank of New York Mellon Corp | 2.3M | $1.02B | — | New |
| 6 | Rothschild & Co Wealth Management UK Ltd | 1.1M | $483.8M | — | New |
| 7 | PRINCIPAL FINANCIAL GROUP INC | 1.1M | $472.0M | — | New |
| 8 | Legal & General Group Plc | 1.0M | $455.8M | — | New |
| 9 | Invesco Ltd. | 1.0M | $448.9M | — | New |
| 10 | VANGUARD FIDUCIARY TRUST CO | 883.7K | $385.5M | — | New |
| 11 | DIMENSIONAL FUND ADVISORS LP | 883.0K | $385.2M | — | New |
| 12 | Ninety One UK Ltd | 840.3K | $366.6M | — | New |
| 13 | BAILLIE GIFFORD & CO | 764.3K | $333.4M | — | New |
| 14 | DEUTSCHE BANK AG\ | 746.9K | $325.8M | — | New |
| 15 | Allen Investment Management, LLC | 701.8K | $306.2M | — | New |
| 16 | Nuveen, LLC | 659.9K | $287.9M | — | New |
| 17 | STIFEL FINANCIAL CORP | 655.9K | $286.2M | — | New |
| 18 | Russell Investments Group, Ltd. | 614.4K | $267.8M | — | New |
| 19 | UBS Group AG | 588.8K | $256.9M | — | New |
| 20 | BLS CAPITAL FONDSMAEGLERSELSKAB A/S | 518.2K | $226.1M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
You repurchased $1.48B of stock this quarter versus $373M a year ago, while cash fell to $1.47B and $576M debt comes current—why this aggressive pace now?
- 2
Operating expenses grew 7.3% against 8% revenue growth; with restructuring still running at $27M, when does MIS issuance-driven leverage actually expand margins beyond 44.3%?
- 3
MA's Decision Solutions positions Moody's data as critical for AI model development—what concrete revenue is generative AI licensing contributing, and how do you defend against open-source credit datasets?
Refreshed when MCO files a new report · last from 2026-02-18