Moody's Corporation (MCO) Revenue by Segment
Moody's revenue by segment at a glance
In Q2 fiscal 2026 (the quarter ended June 30, 2026), Moody's's largest business segment was Moodys Investors Service, with $1.26 billion or 58% of revenue, up 24.8% from a year earlier. Next: Moodys Analytics (42%).
By product or service, Recurring Revenue brought in 59% and Transaction Revenue brought in 41% of revenue in Q2 fiscal 2026.
By region, United States brought in 56% and Non-US brought in 44% of revenue in Q2 fiscal 2026.
The fastest-growing business segment from a year earlier was Moodys Investors Service (+24.8%).
From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.
Moody's Corporation
Revenue breakdown
Fiscal quarters, from company filings
Moody's revenue by business segment, last 4 quarters
| Business segment | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Moodys Investors Service | $1.3B | $1.2B | $1.1B | $1.0B | 58% |
| Moodys Analytics | $925.0M | $926.0M | $909.0M | $888.0M | 42% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Moody's revenue by product or service, last 4 quarters
| Product or service | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| Recurring Revenue | $1.3B | $1.3B | $1.2B | $1.2B | 59% |
| Transaction Revenue | $901.0M | $807.0M | $787.0M | $699.0M | 41% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Moody's revenue by region, last 4 quarters
| Region | Q2 FY26 | Q1 FY26 | Q3 FY25 | Q2 FY25 | Share |
|---|---|---|---|---|---|
| United States | $1.2B | $1.2B | $1.1B | $992.0M | 56% |
| Non-US | $967.0M | $899.0M | $889.0M | $906.0M | 44% |
In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.
Questions and answers
What are Moody's's business segments?
Moodys Investors Service and Moodys Analytics (as reported for Q2 fiscal 2026).
Which business segment makes the most money for Moody's?
Moodys Investors Service: $1.26 billion, or 58% of revenue, in Q2 fiscal 2026.
What are Moody's's main products and services?
By revenue in Q2 fiscal 2026: Recurring Revenue (59%) and Transaction Revenue (41%).
Where does Moody's make its money?
By region in Q2 fiscal 2026: United States (56%) and Non-US (44%).
