Transaction Revenue was Moodys’s largest product and service line in fiscal 2025, bringing in $2.74B of $7.72B (36%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Transaction Revenue | $1.68B | $1.84B | $2.52B | $2.74B | ||||||
| Relationship Revenue | $3.79B | $4.08B | $1.28B | $1.38B | ||||||
| Other Accounts | — | — | $667.00M | $750.00M | ||||||
| Bank Loans | — | — | $527.00M | $503.00M | ||||||
| Investment-Grade | — | — | $488.00M | $573.00M | ||||||
| Investment Grade | — | — | — | — | ||||||
| Banking | — | — | $450.00M | $500.00M | ||||||
| High-Yield | — | — | $285.00M | $324.00M | ||||||
| Project & Infrastructure | — | — | $324.00M | $360.00M | ||||||
| Public Finance / Sovereign | — | — | — | — | ||||||
| Public Finance Sovereign | — | — | — | — | ||||||
| Structured Credit | — | — | $193.00M | $202.00M | ||||||
| Insurance | — | — | $214.00M | $186.00M | ||||||
| Asset-Backed Securities | — | — | — | $142.00M | ||||||
| Assets Backed Securities | — | — | — | — | ||||||
| Commercial Real Estate Finance | — | — | — | — | ||||||
| Rmbs | — | — | $98.00M | — | ||||||
| Residential Mortgage Backed Securities Product | — | — | — | — | ||||||
| Cmbs | — | — | — | — | ||||||
| Managed Investments | — | — | $49.00M | $59.00M | ||||||
| Total | $5.47B | $5.92B | $7.09B | $7.72B |
Moodys brought in $7.72B from its 12 product and service lines in fiscal 2025, the year ended December 31, 2025. Moodys regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $7.09B. Transaction Revenue was the largest at $2.74B (35.5%), ahead of Relationship Revenue at $1.38B (17.9%) and Other Accounts at $750.00M (9.7%). The other nine lines brought in $2.85B combined.
Compared with fiscal 2024, Investment-Grade grew fastest, up 17.4% to $573.00M, while Insurance fell the most, down 13.1% to $186.00M.
Moodys stopped reporting Rmbs as a separate line after fiscal 2024, when it brought in $98.00M.
Corporate Finance (Cfg) was Moodys’s largest segment in fiscal 2025, bringing in $2.13B of $7.72B (28%).
| Subsegments | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Finance (Cfg) | $1.27B | $1.40B | $1.95B | $2.13B | ||||||
| Corporate Finance | — | — | — | — | ||||||
| Research, Data & Analytics (Rda) | — | — | — | — | ||||||
| Research Data & Analytics | — | — | — | — | ||||||
| Decision Solutions | — | — | — | — | ||||||
| Research & Insights | $812.00M | $884.00M | $926.00M | $995.00M | ||||||
| Data & Information | $712.00M | $789.00M | $853.00M | $912.00M | ||||||
| Insurance | $504.00M | $550.00M | $598.00M | $685.00M | ||||||
| Financial Institutions (Fig) | $491.00M | $545.00M | $727.00M | $759.00M | ||||||
| Financial Institutions | — | — | — | — | ||||||
| Banking | $481.00M | $521.00M | $551.00M | $569.00M | ||||||
| Public, Project & Infrastructure Finance (Ppif) | $431.00M | $476.00M | $564.00M | $635.00M | ||||||
| Public Project & Infrastructure Finance | — | — | — | — | ||||||
| Structured Finance (Sfg) | $462.00M | $405.00M | $518.00M | $558.00M | ||||||
| Structured Finance Line Of Business | — | — | — | — | ||||||
| Enterprise Risk Solutions (Ers) | — | — | — | — | ||||||
| Enterprise Risk Solutions | — | — | — | — | ||||||
| Kyc | $260.00M | $312.00M | $367.00M | $438.00M | ||||||
| Professional Services | — | — | — | — | ||||||
| Mis Other | $46.00M | $30.00M | $34.00M | $35.00M | ||||||
| Total | $5.47B | $5.92B | $7.09B | $7.72B |
Moodys brought in $7.72B from its 10 segments in fiscal 2025, the year ended December 31, 2025. That was up 8.9% from $7.09B in fiscal 2024. Corporate Finance (Cfg) was the largest at $2.13B (27.6%), ahead of Research & Insights at $995.00M (12.9%) and Data & Information at $912.00M (11.8%). The other seven segments brought in $3.68B combined.
Compared with fiscal 2024, Kyc grew fastest, up 19.3% to $438.00M. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $5.47B to $7.72B, a compound annual growth rate of 12.2%. Corporate Finance (Cfg)'s share of the total rose from 23.2% to 27.6%.
U.S was Moodys’s largest region in fiscal 2025, bringing in $4.17B of $7.72B (54%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| U.S | $2.87B | $3.07B | $3.84B | $4.17B | ||||||||||||
| Us | — | — | — | — | ||||||||||||
| United States | — | — | — | — | ||||||||||||
| Emea | $1.71B | $1.89B | $2.17B | $2.38B | ||||||||||||
| International Regions | — | — | — | — | ||||||||||||
| Revenues | — | — | — | — | ||||||||||||
| International | — | — | — | — | ||||||||||||
| Non Us | — | — | — | — | ||||||||||||
| Asia-Pacific | $539.00M | $570.00M | $629.00M | $699.00M | ||||||||||||
| Americas | $356.00M | $389.00M | $449.00M | $472.00M | ||||||||||||
| Total | $5.47B | $5.92B | $7.09B | $7.72B |
Moodys brought in $7.72B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 8.9% from $7.09B in fiscal 2024. U.S was the largest at $4.17B (54.0%), ahead of Emea at $2.38B (30.8%) and Asia-Pacific at $699.00M (9.1%). The remaining region, Americas, brought in $472.00M.
Compared with fiscal 2024, Asia-Pacific grew fastest, up 11.1% to $699.00M. Every region above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these regions grew from $5.47B to $7.72B, a compound annual growth rate of 12.2%. U.S's share of the total rose from 52.4% to 54.0%.
Moodys (MCO) reports its revenue by product and service, by subsegments and by geography. In fiscal 2025, Transaction Revenue was its largest product and service line, bringing in $2.74B (35.5% of the total), followed by Relationship Revenue at $1.38B (17.9%).
Transaction Revenue was Moodys' largest product and service line in fiscal 2025, bringing in $2.74B, or 35.5% of the $7.72B total across its 12 product and service lines.
Corporate Finance (Cfg) was Moodys' largest segment in fiscal 2025, bringing in $2.13B, or 27.6% of the $7.72B total across its 10 segments.
U.S was Moodys' largest region in fiscal 2025, bringing in $4.17B, or 54.0% of the $7.72B total across its four regions.
Among Moodys' segments that make up at least 2% of revenue, Kyc grew fastest in fiscal 2025, up 19.3% from $367.00M to $438.00M.
Every figure comes from Moodys' annual financial filings, as reported. Each line keeps the name Moodys gives it, and years follow its fiscal calendar.
Moodys' revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.