Moody's (MCO) Revenue — Quarter Ended Mar 31, 2024
Moody's Corporation reported higher revenue for the quarter. The increase was evident both sequentially and compared with the same period last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Moody's Corporation reported higher revenue for the quarter. The increase was evident both sequentially and compared with the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+20.7%
Change from the immediately preceding quarter.
Year-over-year
+21.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.2B
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, 2023 | $1.5B | +8.2% |
| Sep 30, 2023 | $1.5B | +15.5% |
| Dec 31, 2023 | $1.5B | +14.7% |
| Mar 31, 2024 | $1.8B | +21.5% |
Revenue performance
Revenue rose substantially from the prior quarter and also from the year-ago period, reflecting continued momentum.
Quarterly comparison
Revenue increased compared with the immediately preceding quarter, and the gain over the same quarter one year earlier was also substantial.
What to watch
The sustainability of the revenue growth rate will be a key focus in future reports.