Moodys Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Moodys Corporation (MCO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| MIS | $3.29B 61.3% | $3.81B 61.3% · +15.8% | $2.70B 49.4% · -29.2% | $2.86B 48.3% · +6.0% | $3.79B 53.5% · +32.6% | $4.12B 53.4% · +8.6% |
| MA | $2.08B 38.7% | $2.41B 38.7% · +15.7% | $2.77B 50.6% · +15.1% | $3.06B 51.7% · +10.4% | $3.30B 46.5% · +7.8% | $3.60B 46.6% · +9.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Relationship Revenue | $2.99B 55.7% | $3.41B 54.8% · +13.9% | $3.79B 69.2% · +11.1% | $4.08B 68.9% · +7.7% | $4.40B 62.1% · +7.9% | $4.84B 62.7% · +10.0% |
| Transaction Revenue | $2.38B 44.3% | $2.81B 45.2% · +18.1% | $1.68B 30.8% · -40.1% | $1.84B 31.1% · +9.2% | $2.69B 37.9% · +46.3% | $2.88B 37.3% · +7.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.