Moody's Corporation reported robust Q2 2024 results, with total revenue increasing 22% to $1.82 billion. Moody's Investors Service (MIS) led the growth with a 36% revenue surge to $1.02 billion, driven by strong issuance across all lines of business. Moody's Analytics (MA) revenue grew 7% to $802 million, supported by sustained demand for KYC and insurance offerings.Operating income rose 41% to $775 million, with adjusted operating margin expanding 590 basis points to 49.6%. This growth outpaced the 9% increase in operating and SG&A expenses. Net income attributable to Moody's shareholders climbed 46% to $552 million, resulting in diluted EPS of $3.02, up 47% year-over-year.The company maintained a strong liquidity position with $2.7 billion in cash and short-term investments. Moody's reaffirmed its commitment to shareholder returns, declaring a quarterly dividend of $0.85 per share and having $975 million remaining in its share repurchase authorization as of June 30, 2024.

Moody's Corporation reported robust Q2 2024 results, with total revenue increasing 22% to $1.82 billion. Moody's Investors Service (MIS) led the growth with a 36% revenue surge to $1.02 billion, driven by strong issuance across all lines of business. Moody's Analytics (MA) revenue grew 7% to $802 million, supported by sustained demand for KYC and insurance offerings.Operating income rose 41% to $775 million, with adjusted operating margin expanding 590 basis points to 49.6%. This growth outpaced the 9% increase in operating and SG&A expenses. Net income attributable to Moody's shareholders climbed 46% to $552 million, resulting in diluted EPS of $3.02, up 47% year-over-year.The company maintained a strong liquidity position with $2.7 billion in cash and short-term investments. Moody's reaffirmed its commitment to shareholder returns, declaring a quarterly dividend of $0.85 per share and having $975 million remaining in its share repurchase authorization as of June 30, 2024.