Moody's (MCO) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter was essentially flat compared to the immediately preceding period, but increased sharply relative to the same quarter one year earlier. The slight sequential decline contrasts with the strong year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter was essentially flat compared to the immediately preceding period, but increased sharply relative to the same quarter one year earlier. The slight sequential decline contrasts with the strong year-over-year growth.
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
-0.2%
Change from the immediately preceding quarter.
Year-over-year
+23.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.9B
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, 2023 | $1.5B | +14.7% |
| Mar 31, 2024 | $1.8B | +21.5% |
| Jun 30, 2024 | $1.8B | +21.6% |
| Sep 30, 2024 | $1.8B | +23.2% |
Revenue performance
The reported revenue decreased marginally from the prior quarter, marking a near-flat sequential performance.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was slightly lower. However, revenue was substantially higher than in the same quarter one year earlier.
What to watch
The near-flat sequential revenue change after a period of strong year-over-year gains may warrant monitoring for any shift in underlying momentum.