Moody's (MCO) MA — Increases due to acquisitions during the period

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Other segment segments

MIS

-$1M—

Similar metrics at other companies

GCTAcquisition related deferrals

$0—

XRXAcquisition related deferrals

$5M—

FFIVAcquisition related deferrals

$789K—

AJGBrokerage — Deferred revenue recognized from business acquisitions

$3M-55.9%

AJGRisk Management — Deferred revenue recognized from business acquisitions

$0—

BDLGift Cards — Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination

$116K+8.4%

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

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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

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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:ContractWithCustomerLiabilityIncreaseDecreaseForContractAcquiredInBusinessCombination.

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	Six Months Ended June 30, 2026 / MA	Six Months Ended June 30, 2026 / MIS	Six Months Ended June 30, 2026 / Total	Six Months Ended June 30, 2025 / MA	Six Months Ended June 30, 2025 / MIS	Six Months Ended June 30, 2025 / Total
Changes in deferred revenue:
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(967)	(161)	(1,128)	(846)	(169)	(1,015)
Increases due to amounts billable excluding amounts recognized as revenue during the period	924	240	1,164	804	240	1,044
Increases due to acquisitions during the period	—	—	—	15	—	15
Adjustment related to divestiture of business (1)	(4)	—	(4)	—	—	—
Effect of exchange rate changes	(20)	(2)	(22)	69	11	80
Total changes in deferred revenue	(67)	77	10	42	82	124
Balance at June 30,	$1,301	$347	$1,648	$1,285	$350	$1,635

Item 1. Financial Statements

FAQ

What is Moody's's MA — increases due to acquisitions during the period?: Moody's (MCO) reported MA — increases due to acquisitions during the period of $0 in Q2 2026.
What does MA — increases due to acquisitions during the period mean?: The increase in contract liabilities resulting from the acquisition of new businesses or customer portfolios. This quantifies the inorganic growth contribution to the segment's deferred revenue. It allows for the separation of organic contract growth from growth achieved through M&A.