Moody's (MCO) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to the prior quarter but increased compared to the same quarter a year earlier. The sequential decline was modest, while the year-over-year growth was substantial.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the prior quarter but increased compared to the same quarter a year earlier. The sequential decline was modest, while the year-over-year growth was substantial.
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
-1.5%
Change from the immediately preceding quarter.
Year-over-year
+15.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7B
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 |
|---|---|---|
| Dec 31, 2022 | $1.3B | -16.2% |
| Mar 31, 2023 | $1.5B | -3.4% |
| Jun 30, 2023 | $1.5B | +8.2% |
| Sep 30, 2023 | $1.5B | +15.5% |
Revenue performance
Reported revenue in the current quarter was lower than in the immediately preceding quarter, reflecting a slight contraction.
Quarterly comparison
Against the prior quarter, revenue edged lower. Compared to the same quarter one year ago, revenue rose significantly.
What to watch
The sequential decline after a period of growth may be a point to monitor in upcoming quarters.