Moody’s Corporation (MCO) reported third-quarter 2026 revenue of $2.023 billion, compared with $2.007 billion a year earlier, and net income attributable to Moody’s of $734 million, versus $646 million. Diluted earnings per share were $4.24, compared with $3.60.
For the first nine months, revenue was $6.287 billion versus $5.829 billion, and net income attributable to Moody’s was $2.273 billion versus $1.849 billion. Operating cash flow totaled $2.471 billion, compared with $2.043 billion.
The company completed the sale of its MA Regulatory Solutions business in the second quarter and recorded an additional $115 million pre-tax gain in the third quarter after post-closing conditions were met, bringing the cumulative pre-tax gain to $294 million. Its restructuring program is expected to generate annualized savings of $300 million to $350 million, with substantial completion expected by the end of 2027; expected pre-tax personnel and related restructuring charges are $285 million to $330 million.
Moody’s Corporation (MCO) reported third-quarter 2026 revenue of $2.023 billion, up 1% year over year, and diluted EPS of $4.24, up 18%. Adjusted diluted EPS was $4.14, up 6%. Operating margin was 44.8%, versus 45.7% a year earlier; adjusted operating margin was 52.6%, versus 52.9%.
Moody’s Analytics revenue rose 3% to $936 million, or 8% on an organic constant currency basis, while Moody’s Investors Service revenue declined 1% to $1.087 billion. MA recurring revenue grew 6% and represented 99% of MA revenue; MA transaction revenue declined 76%, primarily reflecting the Learning Solutions divestiture and a continued shift toward recurring revenue. Year-to-date operating cash flow was $2.471 billion, up 21%, and free cash flow was $2.200 billion, up 22%.
The company reaffirmed full-year 2026 guidance, including diluted EPS of $16.00 to $16.50 and adjusted diluted EPS of $16.50 to $17.00. Share repurchases are guided at up to $3.0 billion, subject to available cash, market conditions, M&A opportunities and other ongoing capital allocation decisions. Year-to-date shareholder returns were approximately $3.1 billion, including $2.6 billion in repurchases and $543 million in dividends. A $1.03 quarterly dividend was declared, payable December 11, 2026, to shareholders of record November 20, 2026.
Moody’s Corporation director Jorge Bermudez, a Board member since April 19, 2011, informed the company of his intention to retire effective October 12, 2026; the company said his retirement did not result from a disagreement. Lisa Sawicki was appointed Chairman of the Audit Committee effective immediately. Keith Demmings, elected to the Board effective November 1, 2026, was appointed to the Governance & Nominating Committee and Audit Committee. Bermudez’s restricted stock units granted in February 2026 will become fully vested after removal of the forfeiture requirement.
Moody’s Corporation (MCO) director Jose Minaya acquired 91.5420 Phantom Stock Units on October 1, 2026. The transaction lists a price of $447.3600 per share, and his reported balance after the transaction was 1,298.3170 units. The units arose from his election to defer retainer fees, convert to common stock on a one-for-one basis, and are to be settled in cash after his retirement.
MOODYS CORP (symbol: MCO) is the issuer of record for a Form 4 filing submitted to the SEC. Moody’s Corporation reports that its Chief Accounting Officer and Controller, Jason D. Phillips, had 21.36 shares of common stock withheld to satisfy a tax obligation on October 1, 2026. The reported price was $450.80 per share. Phillips held 2,088.2425 shares directly after the transaction.
MOODYS CORP (symbol: MCO) is the issuer of record for a Form 4 filing submitted to the SEC. Moody’s Corporation President and CEO Robert Fauber exercised employee stock options for 51 shares at $113.34 per share and 572 shares at $167.50 per share on October 1, 2026. He sold 300 and 623 common shares, each at $455 per share, under a Rule 10b5-1 plan adopted July 30, 2025. His reported indirect holding through a trust was 22,325 common shares as of October 1, 2026.
Moody’s Corporation (MCO) officer and director Robert Fauber reported a proposed sale of 923 common shares, with an approximate sale date of October 1, 2026 and an aggregate market value of $419,965. Fidelity Brokerage Services LLC is listed as the broker. The notice identifies 300 shares from restricted stock vesting on March 1, 2026 and 623 shares from a stock option exercise on October 1, 2026. It also reports sales of 1,467 shares each on July 1, August 3 and September 1, 2026.
MOODYS CORP (MCO) director Bruce Van Saun reported two small acquisitions of common stock on September 4, 2026. He received 7 shares as a restricted stock deferred dividend reinvestment accrual and 13.384 shares as an RSU deferred dividend reinvestment accrual, both at no cash cost to him. No Rule 10b5-1 trading plan is reported for these transactions.
MOODYS CORP (MCO) reported that director Vincent A. Forlenza acquired additional equity-linked interests on September 4, 2026. He received 15.1870 shares of Common Stock as an RSU deferred dividend reinvestment accrual and 1.3790 Phantom Stock Units from deferring retainer fees, increasing his direct holdings to 8,778.5640 common shares and 490.3590 phantom units.
The phantom units track common stock value, convert on a one-for-one basis, and are to be settled in cash after his retirement. No Rule 10b5-1 trading plan is reported for these transactions.
MOODYS CORP (symbol: MCO) is the issuer of record for a Form 4 filing submitted to the SEC. Minaya Jose reported acquisition or exercise transactions in this Form 4 filing.
MOODYS CORP (MCO) director Jose Minaya reported compensation-related equity accruals on September 4, 2026. He received an award of 6.081 shares of common stock as an RSU deferred dividend reinvestment accrual, bringing his directly held common stock to 2,914.552 shares. He also accrued 3.454 Phantom Stock Units from deferring retainer fees, increasing his Phantom Stock Unit balance to 1,228.160 units; these units track common stock one-for-one but are to be settled in cash after retirement. No Rule 10b5-1 trading plan is reported.