Moody's Q1 revenue up 21% to $1.8B, adj. EPS $3.37; narrows FY guidance

MOODYS CORP /DE/

2024-Q1 EPS reported $3.15 revenue$1,786,000,000

Q1 revenue $1.8B (+21% YoY); diluted EPS $3.15 (+16%), adjusted EPS $3.37 (+13%).
MIS revenue $987M (+35%) led by Corporate Finance (+49%); MA revenue $799M (+8%), 65th consecutive quarterly growth.
FY 2024 adjusted EPS guidance narrowed to $10.40-$11.00; MA revenue growth forecast raised to high-single-digit %.
Quarterly dividend $0.85/share declared, payable June 7, 2024; $1.2B share repurchase authority remaining.
Operating margin 44.8%, adjusted operating margin 50.7%; free cash flow $697M in Q1.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MOODYS CORP /DE/ reported for the quarter ended March 31, 2024 results: revenue $1.8 billion, EPS $3.15. Guidance reaffirmed.

Period: for the quarter ended March 31, 2024
Revenue: $1.8 billion
EPS: $3.15
Guidance: reaffirmed
Result: reported results

Exact text from the filing

full year 2024. FIRST QUARTER SUMMARY FINANCIALS Moody’s Corporation (MCO) Revenue Moody’s Analytics (MA) Revenue Moody’s Investors Service (MIS) Revenue 1Q 2024 1Q 2024 1Q 2024 $1.8 billion ⇑ 21% $799 million ⇑ 8% $987 million ⇑ 35% MCO Diluted EPS MCO Adjusted Diluted EPS 1 MCO FY 2024 Projected 1Q 2024 1Q 2024 Diluted EPS $3.15 ⇑ 16% $3.37 ⇑ 13% $9.55 to $10.15

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Source: SEC EDGAR

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