Moody's Corporation · NYSE:MCO
Moody's — Raymond James Annual Institutional Investors Conference 2026
10 slides from Moody's's conference presentation, Mar 3, 2026
Slide 1: Raymond James Institutional Investors Conference
Raymond James Institutional Investors Conference March 3rd, 2026 Michael West, President of Moody’s Investors Service
Slide 2: MIS: Agency of Choice rated $6.6T in 2025
MIS: Agency of Choice rated $6.6T1 in 2025 FY25 REVENUE FY25 ISSUANCE2 YoY Change 9% 7% 13% 4% 8% FY25 ADJUSTED OPERATING MARGIN 9% 350 bps 1 1. MIS Other revenue was approximately $34 million and $35 million for the full years ended December 31, 2024, and December 31, 2025, respectively. 2. MIS rat
Slide 3: Moody's strong value proposition
Moody's strong value proposition Illustrative impact of adding a Moody's credit rating to a hypothetical 5-year USD $1.5 billion corporate bond Not Rated by Rated by Moody's Ratings Moody's Ratings $1.5 billion Bond (USD) $1.5 billion 4.21% 5-year U.S. Treasury Bond Rate 4.21% 176 5.97% Option Adjus
Slide 4: MCO: Consistent execution drove profitable growth in 2025
MCO: Consistent execution drove profitable growth in 2025, supports confidence in our outlook for 20261 9% 51.1% 20% FY25 MCO FY25 MCO Adjusted FY25 MCO Adjusted Revenue Growth2 Operating Margin3 Diluted EPS Growth2,3 DEEP CURRENTS FOCUSED INVESTMENTS TO EXTERNAL FUELING ISSUANCE DRIVE FUTURE GROWTH
Slide 5: MIS: the Agency of Choice today and tomorrow
MIS: the Agency of Choice today and tomorrow Long-term Revenue Growth Algorithm1 ECONOMIC EXPANSION2 VALUE PROPOSITION DEVELOPING CAPITAL MARKETS → GDP growth drives demand for debt → Proven rating accuracy and deeply → Bank system capacity remains constrained capital to fund business investments ex
Slide 6: Appendix
Appendix 6
Slide 7: Adjusted Operating Income and Adjusted Operating Margin
Adjusted Operating Income and Adjusted Operating Margin The Company presents Adjusted Operating Income and Adjusted Operating Margin because management deems these metrics to be useful measures to provide additional perspective on Moody's operating performance. Adjusted Operating Income excludes the
Slide 8: Adjusted Net Income and Adjusted Diluted EPS attributable to Moody's common shareholders
Adjusted Net Income and Adjusted Diluted EPS attributable to Moody's common shareholders Three Months Ended December 31, Year Ended December 31, The Company presents Adjusted Net Income and Adjusted Diluted EPS because management deems these metrics to be useful measures to 2025 2024 2025 2024 provi
Slide 9: © 2026 Moody's Corporation legal notice
© 2026 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, financial instrument is not the subject of a particular credit rating or assessment assigned by MOODY’S. “MOODY’S”). All rights reserved. To the extent permitted
Slide 10: Disclaimer
Disclaimer Certain statements contained in this document are forward-looking statements and are based on future expectations, plans and prospects for Moody’s business and operations that involve a number of risks and uncertainties. Such statements involve estimates, projections, goals, forecasts, as
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