Revenue Breakdown

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Decision Solutions Revenue	1.64B	1.52B	1.38B
Decision Solutions Revenue Growth	8.44%	9.62%	11.08%
Research & Insights Revenue	980.00M	926.00M	884.00M
Research & Insights Revenue Growth	5.83%	4.75%	8.87%
Data & Information Revenue	895.00M	853.00M	789.00M
Data & Information Revenue Growth	4.92%	8.11%	10.81%
Total Moody's Analytics Revenue	3.52B	3.30B	3.06B
Total Moody's Analytics Revenue Growth	6.80%	7.82%	10.37%
Corporate Finance Revenue	2.03B	1.95B	1.40B
Corporate Finance Revenue Growth	4.26%	38.89%	10.64%
Structured Finance Revenue	557.00M	518.00M	405.00M
Structured Finance Revenue Growth	7.53%	27.90%	-12.34%
Financial Institutions Revenue	757.00M	727.00M	545.00M
Financial Institutions Revenue Growth	4.13%	33.39%	11.00%
Public, Project & Infrastructure Finance Revenue	601.00M	564.00M	476.00M
Public, Project & Infrastructure Finance Revenue Growth	6.56%	18.49%	10.44%
Moody's Investors Service Other Revenue	34.00M	34.00M	30.00M
Moody's Investors Service Other Revenue Growth	-	13.33%	-34.78%
Total Moody's Investors Service Revenue	3.98B	3.79B	2.86B
Total Moody's Investors Service Revenue Growth	4.98%	32.62%	5.96%
Revenue (Total)	7.50B	7.09B	5.92B
Revenue (Total) Growth	5.83%	19.81%	8.19%

Revenue Breakdown 2

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Transaction Revenue	2.78B	2.68B	1.83B
Transaction Revenue Growth	3.88%	46.66%	8.56%
Recurring Revenue	4.72B	4.41B	4.09B
Recurring Revenue Growth	7.01%	7.82%	8.03%
Revenue (Total)	7.50B	7.09B	5.92B
Revenue (Total) Growth	5.83%	19.81%	8.19%

Revenue by Geography

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
US Revenue	4.07B	3.84B	3.07B
US Revenue Growth	6.07%	24.91%	7.19%
Non-US Revenue	3.43B	3.25B	2.85B
Non-US Revenue Growth	5.54%	14.31%	9.30%
Revenue (Total)	7.50B	7.09B	5.92B
Revenue (Total) Growth	5.83%	19.81%	8.19%

Adjusted EBIT

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Moody's Analytics Adjusted Operating Income	1.15B	1.01B	937.00M
Moody's Analytics Adjusted Operating Income Growth	13.51%	8.22%	11.55%
Moody's Investors Service Adjusted Operating Income	2.60B	2.39B	1.66B
Moody's Investors Service Adjusted Operating Income Growth	8.77%	44.22%	11.56%
Operating Income (Other)	-613.00M	-533.00M	-460.00M
Operating Income (Total)	3.14B	2.88B	2.14B
Operating Income (Total) Growth	9.29%	34.53%	13.49%

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013	FY 2012
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012
Moody's Analytics Annualized Recurring Revenue	3.36B	3.28B	3.00B
Moody's Analytics Annualized Recurring Revenue Growth	2.53%	9.41%	11.04%

Updated Sep 30, 2025. Data Source: Fiscal.ai.