Moody's MCO Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue recognized by Business | ||||||
| MA | $929M-1.8% | $946M+3.7% | $912M+2.4% | $891M+3.4% | $862M-0.5% | |
| MIS | $1.2B+21.0% | $995M-13.3% | $1.15B+8.3% | $1.06B-4.8% | $1.11B+29.8% | |
| Percentage of revenues by Product | ||||||
| Recurring Revenue | 61%+59.0pp | 2%-59.0pp | 61%-2.0pp | 63%+3.0pp | 60%+58.0pp | |
| Transaction Revenue | 39%— | —— | 39%+2.0pp | 37%-3.0pp | 40%— | |
| Revenue recognized by Geography | ||||||
| Americas | $107M-7.0% | $115M0.0% | $115M-3.4% | $119M-3.3% | $123M+17.1% | |
| Asia-Pacific | $177M-0.6% | $178M-1.1% | $180M+3.4% | $174M+4.2% | $167M+9.2% | |
| EMEA | $615M+2.5% | $600M+1.0% | $594M-3.1% | $613M+7.7% | $569M+9.4% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Moody's break its business down?
- Moody's (MCO) reports revenue recognized by business across 2 parts — MA and MIS. Each is extracted from the segment footnotes and tracked over time.
- Where does Moody's's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Moody's's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
