MCO · Business segments
Moody's (MCO) revenue by segment
Where Moody's’s revenue comes from, as reported in its SEC filings.
Latest quarter: September 30, 2026
Total revenue on the income statement: $2.02B.
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Recurring Revenue | $1.3B | 64.3% |
| Transaction Revenue | $722M | 35.7% |
Revenue by Segment
| Line | Revenue | Share |
|---|---|---|
| Moodys Investors Service | $1.09B | 53.7% |
| Moodys Analytics | $936M | 46.3% |
Revenue by Geography
| Line | Revenue | Share |
|---|---|---|
| United States | $1.13B | 56.1% |
| EMEA | $596M | 29.5% |
| Asia Pacific | $178M | 8.8% |
| Americas | $115M | 5.7% |
Latest year: December 31, 2025
Total revenue on the income statement: $7.72B.
Revenue by Segment
| Line | Revenue | Share |
|---|---|---|
| Moodys Investors Service | $4.12B | 53.4% |
| Moodys Analytics | $3.6B | 46.6% |
Revenue by Geography
| Line | Revenue | Share |
|---|---|---|
| United States | $4.17B | 54.0% |
| EMEA | $2.38B | 30.8% |
| Asia Pacific | $699M | 9.1% |
| Americas | $472M | 6.1% |
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Recurring Revenue | $4.84B | 62.7% |
| Transaction Revenue | $2.88B | 37.3% |
Reading notes
Share is each line’s part of that breakdown. Margin is the company’s reported segment operating income divided by that segment’s revenue. Companies define segment profit differently and may re-cut segments over time, so a company’s lines can differ between years. Breakdowns that do not add up to within 5% of reported revenue are left out.