How has Moody's's MA — foreign currency translation adjustments changed year-over-year?

Moody's's MA — foreign currency translation adjustments decreased by 106.3% year-over-year, from $239M to -$15M.

What does MA — foreign currency translation adjustments mean?

This metric reflects the impact of fluctuations in foreign exchange rates on the goodwill balance of the Moody's Analytics segment. Since the segment operates globally, the value of assets denominated in foreign currencies changes when translated into the reporting currency. It is a non-cash adjustment that isolates the effect of currency volatility from operational performance.

Moody's (MCO) MA — Foreign currency translation adjustments

Screener

Other segment segments

MIS

-$9M-280%

Similar metrics at other companies

DCH

DCHMetal Forming — Foreign currency translation

$0—

GTL

GTLSSpecialty Products — Foreign currency translation adjustments and other

-$900K-124%

AJGBrokerage — Foreign currency translation adjustments during the period

-$86M-134%

AJGCorporate — Foreign currency translation adjustments during the period

-$1M—

GPCIndustrial — Foreign currency translation

$2.49M+160%

PAGOther — Foreign currency translation

$1.3M+179%

Other financials

Income statement

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Revenue$2.2B+15.1%

Gross profit$1.7B+18.3%

Operating income$1.0B+27.9%

Net income$878.0M+51.9%

EPS (diluted)$5.03+56.7%

Balance sheet

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Cash & equivalents$1.5B-32.5%

Total debt$7.5B+3.3%

Total equity$3.0B-23.4%

Total assets$14.7B-5.2%

Cash flow

See full

Operating cash flow$779.0M+43.5%

CapEx$91.0M+21.3%

Free cash flow$688.0M+47.0%

Valuation

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Market cap$83.82B-9.7%

Enterprise value$89.87B-8.2%

P/E30×-13.5×

P/S10.3×-2.4×

Profitability

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Gross margin75%+2.2pp

Operating margin44.8%+4.2pp

Net margin34.3%+5.1pp

FCF margin36.4%+3.9pp

Returns & leverage

See full

Return on equity80.2%+25.0pp

Debt / equity2.5×+0.6×

Current ratio1.2×-0.6×

Where this comes from

Reported directly by Moody's in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments.

The source filing: Moody's’s 10-Q, filed July 23, 2026.

Filed: Jul 23, 2026, 4:19 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001628280-26-049398

Line item	MA / Gross goodwill	MA / Accumulated impairment charge	MA / Net goodwill	MIS / Gross goodwill	MIS / Accumulated impairment charge	MIS / Net goodwill	Consolidated / Gross goodwill	Consolidated / Accumulated impairment charge	Consolidated / Net goodwill
Balance at beginningof year	$5,997	$(12)	$5,985	$383	—	$383	$6,380	$(12)	$6,368
Additions/adjustments (1)	—	—	—	32	—	32	32	—	32
Foreign currency translation adjustments	(75)	—	(75)	(14)	—	(14)	(89)	—	(89)
Adjustment related to divestiture of business (2)	7	—	7	—	—	—	7	—	7
Ending balance	$5,929	$(12)	$5,917	$401	—	$401	$6,330	$(12)	$6,318

Item 1. Financial Statements

FAQ

What is Moody's's MA — foreign currency translation adjustments?: Moody's (MCO) reported MA — foreign currency translation adjustments of -$15M in Q2 2026.
How has Moody's's MA — foreign currency translation adjustments changed year-over-year?: Moody's's MA — foreign currency translation adjustments decreased by 106.3% year-over-year, from $239M to -$15M.
What does MA — foreign currency translation adjustments mean?: This metric reflects the impact of fluctuations in foreign exchange rates on the goodwill balance of the Moody's Analytics segment. Since the segment operates globally, the value of assets denominated in foreign currencies changes when translated into the reporting currency. It is a non-cash adjustment that isolates the effect of currency volatility from operational performance.