← MCO
MCO
MOODYS CORP /DE/ Segment Breakdown
Intersegment Elimination
Moodys Analytics
Moodys Investors Service
| Segment | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue ($M) | ||||||||||||||
| Intersegment Elimination | -83
|
-91
|
-101
|
-107
-3% |
-114
-3% |
-128
-3% |
— | — | — | — | — | — | — | — |
| Moodys Analytics | 845
|
913
+8% |
1,082
+18% |
1,163
33%+8% |
1,247
35%+7% |
1,446
34%+16% |
1,743
39%+21% |
1,963
41%+13% |
2,086
39%+6% |
2,413
39%+16% |
2,777
51%+15% |
3,069
52%+11% |
3,308
47%+8% |
3,611
47%+9% |
| Moodys Investors Service | 1,969
|
2,150
+9% |
2,353
+9% |
2,428
70%+3% |
2,471
69%+2% |
2,886
69%+17% |
2,836
64%-2% |
3,009
62%+6% |
3,440
64%+14% |
3,977
64%+16% |
2,873
53%-28% |
3,046
51%+6% |
3,986
56%+31% |
4,317
56%+8% |
| Total (check) | 2,730 | 2,972 | 3,334 | 3,484 | 3,604 | 4,204 | 4,579 | 4,972 | 5,526 | 6,390 | 5,650 | 6,115 | 7,294 | 7,928 |
| Operating Margin % | ||||||||||||||
| Intersegment Elimination | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Moodys Analytics | +15.3% | +18.1% | +19.5% | +19.9% | +18.9% | +17.2% | +17.7% | — | — | — | — | — | — | — |
| Moodys Investors Service | +48.2% | +49.7% | +52.2% | +51.1% | +16.8% | +54.5% | +55.0% | — | — | — | — | — | — | — |
Source: SEC EDGAR XBRL instance documents (MCO 10-K filings).
Revenue and operating income per segment as tagged by the company under
us-gaap:StatementBusinessSegmentsAxis.