From BigGo Finance · BigGo Finance · · 1m 30s
Moody's Q3 2026 Earnings Beat
Moody's tops $2B revenue for third straight quarter as AI infrastructure drives record investment-grade issuance.
In brief
Moody's tops $2B revenue for third straight quarter as AI infrastructure drives record investment-grade issuance. Moody's reported $2 billion Q3 2026 revenue, third consecutive quarter above $2B, with investment-grade issuance up 16% driven by AI infrastructure. Originally reported by BigGo Finance.
Moody's Q3 2026 Revenue
![[Moody's Q3 2026 Earnings Call] AI Infrastructure Fuels Q3 Beat: Investment-Grade Issuance Hits Record as Moody's Tops $2B Revenue for Third Straight Quarter](https://img.biggo.com/hwe6uWErKvybhoToKwf0_eWmzFRi0-IWdVCefDOPuuE/fit/1720/0/sm/0/aHR0cHM6Ly9pbWcuYmdvLm9uZS9uZXdzLWltYWdlL2Vhcm5pbmdzX2NhcmQvMjAyNi0xMC9VU19NQ09fMjAyNi0xMC0yMV8xNzkyNTk1OTQzLndlYnA.webp)
Moody's reported third-quarter 2026 revenue of $2.0 billion, the third consecutive quarter above that threshold.
Q3 2026 Financial Highlights
Adjusted operating margin reached 52.6% with adjusted diluted EPS growing 6%.
Investment-Grade Issuance Surge
Investment-grade issuance rose 16% to a third-quarter record, driven by AI infrastructure and hyperscaler financing.
MIS Revenue Shift
MIS revenue slipped 1% to $1.1 billion as high-yield and bank loan revenue plunged 40% and 27%.
AI Infrastructure Impact
AI-related issuance accounted for a little over half of total issuance growth year-to-date.
MCP Adoption Growth
MCP users quadrupled in three months with usage up more than tenfold.
Risk Data Refinery
Risk Data Refinery converts insurance submissions to analytics-ready data with 95% first-pass accuracy.
Banking Decision Intelligence
Three live banking customers for Banking Decision Intelligence product.
MA Recurring Revenue
Recurring revenue now 99% of MA's total with organic constant-currency growth of 8%.
Share Repurchases
Repurchased approximately $2.6 billion in shares year-to-date with full-year target up to $3 billion.
Q4 Guidance
MIS issuance expected to decline mid-teens year-over-year with MA ARR growth guided to high-single-digits.
Full-Year Guidance
Full-year 2026 guidance: high-single-digit revenue growth, 52%-53% adjusted operating margin, $16.50-$17.00 adjusted diluted eps.
The short version
Moody's reported $2 billion Q3 2026 revenue, third consecutive quarter above $2B, with investment-grade issuance up 16% driven by AI infrastructure.
