Moody's Q3 2026: 1% revenue growth, adjusted EPS misses consensus
Moody's grew revenue just 1.0% in Q3 2026, and adjusted EPS of $4.14 came in below the $4.3067 consensus, so this is not a beat-and-raise quarter — guidance was only reaffirmed. The offset is a durable recurring base: 64.3% of revenue recurs and MA ARR rose 8.0%. Read it as steady, not accelerating.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $4.24 rose 18.0% from $3.60, but $115 million of divestiture gains sat inside the quarter, which is why GAAP came in above adjusted EPS of $4.14. Adjusted EPS rose 6.0% from $3.92 and landed roughly 3.9% below the $4.3067 consensus. Strip out the disposal gain and this is a mid-single-digit earnings quarter, not an 18.0% one.
Revenue of $2.023 billion rose 1.0% from $2.007 billion, or 3.0% on an organic constant currency basis. The mix is the story: recurring revenue of $1.301 billion grew from $1.220 billion, while transaction revenue of $722 million fell from $787 million. MIS revenue slipped 1.0% to $1.087 billion as High Yield dropped 40.0% and Leveraged Loans 27.0%, partly offset by Investment Grade up 18.0%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-21
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