Moody’s Corporation revenue by segment MCO

Annual Quarterly

Moody’s Corporation splits its revenue 2 ways in its filings. By operating segments, the largest line in Q3 of fiscal 2026, the quarter ended Sep 30, 2026 was Moodys Investors Service at $1.1 billion, 54% of the total. By sales mix, the largest line in Q3 of fiscal 2026, the quarter ended Sep 30, 2026 was Moodys Investors Service at $1.1 billion, 54% of the total.

USD in millions. The percent under a figure is the change from the same quarter a year earlier.

Line	TTM Sep 30, 2026	Q3 FY2026 Sep 30, 2026	Q2 FY2026 Jun 30, 2026	Q1 FY2026 Mar 31, 2026	Q4 FY2025 Dec 31, 2025	Q3 FY2025 Sep 30, 2025	Q2 FY2025 Jun 30, 2025	Q1 FY2025 Mar 31, 2025	Q4 FY2024 Dec 31, 2024
Revenue	8,176	2,023	2,185	2,079	1,889	2,007	1,898	1,924	1,672
Operating segments
Moodys Investors Service	4,446 +11.7% share 54.4%	1,087 -1.0% share 53.7%	1,260 +24.8% share 57.7%	1,153 +8.3% share 55.5%	946 +16.9% share 50.1%	1,098 share 54.7%	1,010 share 53.2%	1,065 share 55.4%	809 share 48.4%
Moodys Analytics	3,730 +6.0% share 45.6%	936 +3.0% share 46.3%	925 +4.2% share 42.3%	926 +7.8% share 44.5%	943 +9.3% share 49.9%	909 share 45.3%	888 share 46.8%	859 share 44.6%	863 share 51.6%
Sales mix
Moodys Investors Service	4,446 +11.7% share 54.4%	1,087 -1.0% share 53.7%	1,260 +24.8% share 57.7%	1,153 +8.3% share 55.5%	946 +16.9% share 50.1%	1,098 share 54.7%	1,010 share 53.2%	1,065 share 55.4%	809 share 48.4%
Recurring Revenue	3,665 +8.8% share 44.8%	928 +6.1% share 45.9%	915 +7.4% share 41.9%	909 +10.6% share 43.7%	913 +11.2% share 48.3%	875 share 43.6%	852 share 44.9%	822 share 42.7%	821 share 49.1%
Transaction Revenue	65 -56.7% share 0.8%	8 -76.5% share 0.4%	10 -72.2% share 0.5%	17 -54.1% share 0.8%	30 -28.6% share 1.6%	34 share 1.7%	36 share 1.9%	37 share 1.9%	42 share 2.5%

How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.

Company profile

Industry: Services-Consumer Credit Reporting, Collection Agencies (SIC 7320)
Listed as: MCO (NYSE)
Fiscal year ends: December 31
Incorporated in: DE
Headquarters: New York, NY
SEC filer status: Large accelerated filer
SEC CIK: 1059556
Former names: DUN & BRADSTREET CORP /DE/ (until Feb 4, 2000); NEW DUN & BRADSTREET CORP (until Jun 26, 1998)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.