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Moody's MCO MIS — Contract with Customer, Liability

Other segment segments

MA
$1.3B+1.2%

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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:ContractWithCustomerLiability.

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 itemThree Months Ended June 30, 2026 / MAThree Months Ended June 30, 2026 / MISThree Months Ended June 30, 2026 / TotalThree Months Ended June 30, 2025 / MAThree Months Ended June 30, 2025 / MISThree Months Ended June 30, 2025 / Total
Balance at March 31,$1,506$368$1,874$1,462$360$1,822
Changes in deferred revenue:
Revenue recognized that was included in the deferred revenue balance at the beginning of the period(665)(126)(791)(562)(123)(685)
Increases due to amounts billable excluding amounts recognized as revenue during the period453106559346105451
Adjustment related to divestiture of business(1)55
Effect of exchange rate changes2(1)139847
Total changes in deferred revenue(205)(21)(226)(177)(10)(187)
Balance at June 30,$1,301$347$1,648$1,285$350$1,635

Item 1. Financial Statements

FAQ

What is Moody's's MIS — contract with customer, liability?
Moody's (MCO) reported MIS — contract with customer, liability of $347M in Q2 2026.
How has Moody's's MIS — contract with customer, liability changed year-over-year?
Moody's's MIS — contract with customer, liability decreased by 0.9% year-over-year, from $350M to $347M.
What is the long-term trend for Moody's's MIS — contract with customer, liability?
Over 4 years (2021 to 2025), Moody's's MIS — contract with customer, liability has grown at a -1.7% compound annual growth rate (CAGR), from $1.39B to $1.29B.
What does MIS — contract with customer, liability mean?
This represents deferred revenue or contract liabilities within the credit ratings segment, arising when the company receives payment or has a right to payment before the performance obligations are satisfied. It signifies the amount of service the company is obligated to provide in the future. This is a key indicator of future revenue potential.

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