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Moody's MCO MIS — Intersegment Expense

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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 mco:IntersegmentExpense.

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, 2025 / EliminationsThree Months Ended June 30, 2025 / ConsolidatedThree Months Ended June 30, 2025 / MAMISEliminationsConsolidated
Revenue9281,312(55)2,1858911,060(53)1,898
Compensation expense357306663355280635
Non-compensation expense20710731420097297
Intersegment expense523(55)503(53)
Total616416(55)977605380(53)932
Adjusted Operating Income$312$896$1,208$286$680$966
Less:
Depreciation andamortization102241269723120

Item 1. Financial Statements

FAQ

What is Moody's's MIS — intersegment expense?
Moody's (MCO) reported MIS — intersegment expense of $3M in Q2 2026.
How has Moody's's MIS — intersegment expense changed year-over-year?
Moody's's MIS — intersegment expense decreased by 0.0% year-over-year, from $3M to $3M.
What is the long-term trend for Moody's's MIS — intersegment expense?
Over 3 years (2022 to 2025), Moody's's MIS — intersegment expense has grown at a 14.5% compound annual growth rate (CAGR), from $8M to $12M.
What does MIS — intersegment expense mean?
Represents costs allocated to the credit ratings segment for services provided by other internal business segments, such as shared technology platforms or corporate support functions. This metric is used to ensure accurate segment-level profitability by accounting for internal resource consumption. It reflects the degree of operational integration between the ratings business and other corporate divisions.

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