Moody's Delivers Record-Breaking Performance in 2024, Sets Sights on Future Growth
Moody's Corporation recently reported its fourth quarter and full year 2024 earnings, showcasing a record-breaking performance with revenue growth of 20% to over $7 billion. The company's strong financials were driven by solid growth across both businesses, including Moody's Investors Service (MIS) and Moody's Analytics.
The results highlighted the resilience and adaptability of Moody's in navigating a complex economic landscape. As reported by Rob Fauber, CEO of Moody's, "Moody's delivered a record year in 2024. We grew revenue by 20% to over $7 billion with strong growth across both businesses." This achievement demonstrates the company's ability to capitalize on emerging opportunities and execute on strategic investments.
Moody's Investors Service (MIS) emerged as a key driver of growth, with 18% total revenue growth in 2024. The Ratings teams played an active role throughout the year, delivering 33% revenue growth for Ratings and over 500 basis points of adjusted operating margin expansion for the full year. This success underscores the importance of high-quality ratings and analysis in supporting investor confidence.
Moody's Analytics also had a strong finish to the year with 10% recurring revenue growth in the fourth quarter and 9% ARR growth. Decision Solutions continued to lead the way, growing ARR by 12% to $1.4 billion. These results demonstrate the company's ability to deliver innovative solutions that meet evolving customer needs.
As Moody's looks to the future, it is continuing to invest in strategic initiatives aimed at delivering market-leading growth and attractive shareholder returns. With a focus on GenAI, data estate accessibility, risk resilience posture enhancements, and positioning as the agency of choice for investors and issuers, the company is poised to capitalize on emerging trends.
The company's commitment to innovation was further reinforced by being named Best Rating Agency for an impressive 13th year in a row by Extel, formerly Institutional Investor. This achievement highlights Moody's reputation for excellence and its position as a trusted partner for investors and issuers alike.
