Moody's (MCO) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter rose sharply from the preceding quarter, recovering from the declines seen in prior periods. However, it remained below the level reported in the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter rose sharply from the preceding quarter, recovering from the declines seen in prior periods. However, it remained below the level reported in the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
+14.0%
Change from the immediately preceding quarter.
Year-over-year
-3.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.4B | -11.1% |
| Sep 30, 2022 | $1.3B | -16.4% |
| Dec 31, 2022 | $1.3B | -16.2% |
| Mar 31, 2023 | $1.5B | -3.4% |
Revenue performance
The reported revenue increased compared to the immediately prior quarter, indicating a sequential rebound. On a year-over-year basis, revenue contracted relative to the same quarter last year.
Quarterly comparison
Relative to the prior quarter, revenue improved, reversing a trend of recent declines. Compared with the same period a year ago, revenue was lower.
What to watch
Investors may monitor whether the sequential revenue rebound can be sustained and potentially narrow the year-over-year gap.