Moody's Corporation reported strong Q2 2024 results with revenue increasing 22% to $1.8 billion. Moody's Investors Service (MIS) revenue grew 36% to $1.0 billion, driven by favorable market conditions and high investor demand. Moody's Analytics (MA) revenue rose 7% to $802 million, with recurring revenue representing 95% of total MA revenue.Operating income jumped 41% to $775 million, with adjusted operating margin expanding 590 basis points to 49.6%. Diluted EPS increased 47% to $3.02, while adjusted diluted EPS grew 43% to $3.28. The company generated operating cash flow of $1.46 billion in the first half of 2024.Given the strong performance, Moody's raised its full-year 2024 guidance, now expecting revenue growth in the low-teens percent range and adjusted diluted EPS of $11.00-$11.40, up from previous guidance of $10.40-$11.00. The company also increased its share repurchase target to $1.3 billion from $1.0 billion.

Moody's Corporation reported strong Q2 2024 results with revenue increasing 22% to $1.8 billion. Moody's Investors Service (MIS) revenue grew 36% to $1.0 billion, driven by favorable market conditions and high investor demand. Moody's Analytics (MA) revenue rose 7% to $802 million, with recurring revenue representing 95% of total MA revenue.Operating income jumped 41% to $775 million, with adjusted operating margin expanding 590 basis points to 49.6%. Diluted EPS increased 47% to $3.02, while adjusted diluted EPS grew 43% to $3.28. The company generated operating cash flow of $1.46 billion in the first half of 2024.Given the strong performance, Moody's raised its full-year 2024 guidance, now expecting revenue growth in the low-teens percent range and adjusted diluted EPS of $11.00-$11.40, up from previous guidance of $10.40-$11.00. The company also increased its share repurchase target to $1.3 billion from $1.0 billion.