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Sep 30, 2022

Moody's Q3 2022 Earnings Report

Moody's Corporation reported a decrease in revenue and EPS due to a decline in MIS revenue, offset by growth in MA revenue. The company updated its full-year 2022 outlook, reflecting ongoing macroeconomic uncertainties.

Key Takeaways

Moody's Corporation reported a 16% decrease in revenue to $1.3 billion and a 35% decrease in diluted EPS to $1.65 for Q3 2022. Moody's Investors Service (MIS) revenue declined by 36%, while Moody's Analytics (MA) revenue increased by 14%. The company updated its full-year 2022 adjusted diluted EPS guidance to $8.20 - $8.50.

Moody's Corporation's revenue decreased by 16% to $1.3 billion.

Moody's Investors Service (MIS) revenue declined by 36% to $590 million.

Moody's Analytics (MA) revenue increased by 14% to $685 million.

MCO Diluted EPS decreased 35% to $1.65.

Total Revenue
$1.28B
Previous year: $1.53B
-16.4%
EPS
$1.85
Previous year: $2.69
-31.2%
Gross Profit
$882M
Previous year: $1.13B
-22.1%
Cash and Equivalents
$1.66B
Previous year: $2.24B
-26.0%
Free Cash Flow
$265M
Previous year: $403M
-34.2%
Total Assets
$13.9B
Previous year: $14.4B
-3.3%

Moody's

Moody's

Moody's Revenue by Segment

Forward Guidance

Moody's updated its outlook for full year 2022, reflecting assumptions about numerous factors that could affect its business and is based on currently available information reviewed by management. Revenue is expected to decline in the low-double-digit percent range. Adjusted Diluted EPS is expected to be $8.20 to $8.50.

Revenue & Expenses

Visualization of income flow from segment revenue to net income