Sector: Financials|Industry: Financial Data & Stock Exchanges|Market Cap: $85.19B|Employees: 15.2K
Moody's Corporation is a global integrated risk assessment firm that empowers organizations to anticipate, adapt, and thrive in a new era of exponential risk. The company provides credit ratings, research, and risk analysis, with primary revenue streams coming from ratings and assessment services on a wide range of debt obligations, and from data, analytical solutions and insights. Moody's is a leading global provider in its sector, with a strong presence in markets worldwide.
Total revenue increased to $1,786 million, up 21% year-over-year, with MA external revenue up 8% and MIS external revenue up 35%. This growth is attributed to strong performance across various segments and geographies.
Total operating and SG&A expenses increased by 8% year-over-year to $880 million, leading to a decrease in operating margin to 44.8% from 37.7%. This increase is primarily due to higher salaries, benefits, and incentive compensation.
Diluted EPS increased to $3.15, up 16% year-over-year, driven by revenue growth and partially offset by increased operating expenses and a higher effective tax rate.