Moody's

🇺🇸 NYSE:MCO

Feb 13

•

Dec 31, 2024

Moody's Q4 2024 Earnings Report

Key Takeaways

Moody’s Corporation delivered strong Q4 2024 results, with 13% YoY revenue growth driven by record-high issuance in Moody’s Investors Service and steady recurring revenue growth in Moody’s Analytics.

Total Revenue

$1.67B

Previous year: $1.48B

+13.0%

EPS

$2.62

Previous year: $2.19

+19.6%

Annualized Recurring Revenue

$3.28B

Previous year: $3B

+9.4%

Operating Margin

33.6%

Previous year: 33.6%

+0.0%

Adjusted Operating Margin

43.8%

Previous year: 42.6%

+2.8%

Gross Profit

$1.18B

Previous year: $962M

+22.1%

Cash and Equivalents

$2.97B

Previous year: $2.19B

+35.6%

Free Cash Flow

$600M

Previous year: $388M

+54.6%

Total Assets

$15.5B

Previous year: $14.6B

+6.0%

Moody's Revenue

Moody's EPS

Moody's Revenue by Segment

Forward Guidance

Moody’s projects high-single-digit revenue growth in 2025, driven by strong demand for MIS ratings and MA's continued expansion in workflow solutions.

Positive Outlook

High-single-digit revenue growth expected in 2025
Adjusted EPS projected between $14.00 - $14.50
Strong demand for workflow solutions in MA
Resilient issuance activity in MIS
Operational efficiency programs driving margin expansion

Challenges Ahead

Higher operating expenses due to investments in growth
Macroeconomic uncertainties could impact issuance volumes
Foreign exchange fluctuations may impact revenue
Higher restructuring charges expected in 2025
Market volatility could affect financial institutions segment

Revenue & Expenses

Visualization of income flow from segment revenue to net income