FINHUB Insights

MCO · Q1 FY26 · Jan 1 – Mar 31, 2026

Moody's Q1 FY26: where the revenue came from and where it went

Moody's Q1 FY26: revenue $2.1B (+8% year over year). Net profit $0.7B. Largest cohort Recurring Revenue $1.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 23, 2026 10-Q
Sankey diagram of Moody's's income statement for Q1 FY26: revenue of $2.1 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.1B +8% year over year
Gross profit$1.5B 74% margin
Operating profit$0.9B 44% margin
Net profit$0.7B 32% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 2.1 100% +8%
Recurring Revenue 1.3 62% +10%
Transaction Revenue 0.8 38% +5%
Cost of revenue−0.524%
Gross profit1.574% margin+0pp
SG&A−0.523%+0pp
Other−0.17%+0pp
Operating profit0.944% margin+0pp
Tax−0.1
Interest & other costs−0.1
Net profit0.732%−1pp
Filing on EDGAR More quarters of MCO

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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