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Moody's MCO MIS — Deferred Revenue

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$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:ContractWithCustomerLiabilityCurrent.

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 itemSix Months Ended June 30, 2026 / MASix Months Ended June 30, 2026 / MISSix Months Ended June 30, 2026 / TotalSix Months Ended June 30, 2025 / MASix Months Ended June 30, 2025 / MISSix Months Ended June 30, 2025 / Total
Increases due to amounts billable excluding amounts recognized as revenue during the period9242401,1648042401,044
Increases due to acquisitions during the period1515
Adjustment related to divestiture of business (1)(4)(4)
Effect of exchange rate changes(20)(2)(22)691180
Total changes in deferred revenue(67)77104282124
Balance at June 30,$1,301$347$1,648$1,285$350$1,635
Deferred revenue - current$1,300$295$1,595$1,284$294$1,578
Deferred revenue - non-current$1$52$53$1$56$57

Item 1. Financial Statements

FAQ

What is Moody's's MIS — deferred revenue?
Moody's (MCO) reported MIS — deferred revenue of $295M in Q2 2026.
How has Moody's's MIS — deferred revenue changed year-over-year?
Moody's's MIS — deferred revenue increased by 0.3% year-over-year, from $294M to $295M.
What is the long-term trend for Moody's's MIS — deferred revenue?
Over 4 years (2021 to 2025), Moody's's MIS — deferred revenue has grown at a 0.8% compound annual growth rate (CAGR), from $1.04B to $1.07B.
What does MIS — deferred revenue mean?
The total balance of payments received from clients for credit rating services that have not yet been recognized as revenue. This liability represents the obligation to provide future rating or research services to customers who have paid in advance. It is a critical measure of the segment's contracted but unearned revenue backlog.

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