Moody's Corporation (MCO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to the Moody's Corporation first quarter 2026 earnings call. At this time, I would like to inform you that this conference is being recorded and that all participants are in a listen-only mode. At the request of the company, we will open the conference up for questions and answers following the presentation. The call is scheduled to last approximately one hour. I will now turn the call over to Shivani Kok, head of investor relations. Please go ahead. Hello, and thank you for joining us today. I'm Shivani Kark, Head of Investor Relations at Moody's. This morning, we reported our first quarter 2026 results. The press release and today's presentation are posted at ir.moody's.com. For reference non-GAAP or adjusted measures, please see the tables in our earnings release for reconciliations to U.S. GAAP. Today's remarks may include forward-looking statements under the Private Securities Listigation Reform Act of 1995. Please see the safe harbor language in our earnings release and the risk factors and MD&A in our most recent form 10-K and other SEC filings available on our website and the SEC's website. These factors could cause actual results to differ materially from those expressed or implied. Members of the media may be listening in a listen-only mode. With that, I'll turn it over to Rob. Hey, everybody, and thanks for joining us. Q1 was a strong start to the year, despite a volatile geopolitical backdrop, and Moody's again delivered sustained revenue growth across both businesses and powerful operating leverage as we continue to capitalize on the deep currents driving demand for our ratings and solutions. Now, there are three takeaways for the first quarter. First, we delivered strong financial performance. Both MIS and MA grew revenue...