Moody's Corporation reported impressive results for the second quarter of 2024, with revenue increasing by 22% to $1.8 billion. The company's diluted EPS rose by 47% to $3.02, and adjusted diluted EPS increased by 43% to $3.28. The strong performance was driven by growth in both Moody's Analytics (MA) and Moody's Investors Service (MIS), with MIS achieving a 36% revenue increase.
Revenue increased by 22% year-over-year to $1.8 billion.
Diluted EPS increased by 47% year-over-year to $3.02.
Adjusted Diluted EPS increased by 43% year-over-year to $3.28.
MIS revenue grew by 36%, driven by heightened issuance activity.
Moody's updated its outlook for full year 2024, anticipating revenue growth in the low-teens percent range and adjusted diluted EPS between $11.00 and $11.40.
Visualization of income flow from segment revenue to net income