Moody's Corporation reported exceptional Q3 2024 results with revenue increasing 23% to $1.8 billion. Moody's Investors Service (MIS) revenue jumped 41% to $1.0 billion, driven by a 70% surge in transaction revenue, while Moody's Analytics (MA) revenue grew 7% to $831 million with strong 9% recurring revenue growth.Operating income rose to $738 million with a 40.7% operating margin. The company demonstrated robust cash generation with operating cash flow increasing 29% to $2.16 billion for the first nine months. Adjusted diluted EPS grew 32% to $3.21 in Q3.Based on the strong performance, Moody's raised its full-year 2024 guidance, now expecting adjusted diluted EPS of $11.90-$12.10, up from previous guidance of $11.00-$11.40. The company also increased its revenue growth forecast to high-teens percentage range and operating cash flow projection to approximately $2.7 billion.

Moody's Corporation reported exceptional Q3 2024 results with revenue increasing 23% to $1.8 billion. Moody's Investors Service (MIS) revenue jumped 41% to $1.0 billion, driven by a 70% surge in transaction revenue, while Moody's Analytics (MA) revenue grew 7% to $831 million with strong 9% recurring revenue growth.Operating income rose to $738 million with a 40.7% operating margin. The company demonstrated robust cash generation with operating cash flow increasing 29% to $2.16 billion for the first nine months. Adjusted diluted EPS grew 32% to $3.21 in Q3.Based on the strong performance, Moody's raised its full-year 2024 guidance, now expecting adjusted diluted EPS of $11.90-$12.10, up from previous guidance of $11.00-$11.40. The company also increased its revenue growth forecast to high-teens percentage range and operating cash flow projection to approximately $2.7 billion.