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Moody's MCO MIS — Restructuring and related cost, expected cost

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MA
$240M+54.8%

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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:RestructuringAndRelatedCostExpectedCost1.

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

The costs expected to be incurred related to the Strategic and Operational Efficiency Restructuring Program are $215 million to $240 million for the MA segment and $85 million to $110 million for the MIS segment, which include allocations of charges associated with corporate functions. This restructuring program is more fully discussed in Note 9.

Item 1. Financial Statements

FAQ

What is Moody's's MIS — restructuring and related cost, expected cost?
Moody's (MCO) reported MIS — restructuring and related cost, expected cost of $110M in Q2 2026.
How has Moody's's MIS — restructuring and related cost, expected cost changed year-over-year?
Moody's's MIS — restructuring and related cost, expected cost increased by 15.8% year-over-year, from $95M to $110M.
What does MIS — restructuring and related cost, expected cost mean?
This metric quantifies the anticipated future financial obligations associated with reorganization, workforce reduction, or operational realignment within the Moody's Investors Service segment. It serves as a forward-looking indicator of management's efforts to optimize the cost structure and improve the operating margins of the ratings business. Investors monitor this to understand the potential short-term impact on earnings versus the long-term efficiency gains expected from the restructuring.

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