MCO Q2 earnings — Revenue +15% YoY · EPS +57% YoY · EBIT -100% YoY · 📈 outlook Full-year 2026: EPS $16.50-$17.00穆迪 (MCO) Q2 财报 — 营收 +15% YoY · EPS +57% YoY · EBIT -100% YoY · 📈 展望 Full-year 2026: EPS $16.50-$17.00
Core Earnings Data
Moody's Corporation (MCO) filed SEC Form 8-K Item 2.02 at 06:59:12 on July 22, 2026, disclosing Q2 2026 financial results (ending June 30, 2026): revenue rose 15.1% YoY to $2.185B, beating consensus estimates by ~4.7% (consensus $2.087B); diluted EPS climbed 56.9% YoY to $5.02, beating consensus by ~17.8% (consensus $4.26). However, EBIT fell 100% YoY to $0, down from $819M in Q2 2025.
Operating Leverage Analysis
While top-line growth hit double digits, full erasure of EBIT signals sharp margin compression: revenue increased by $287M YoY, but EBIT dropped by $819M from the year-ago quarter, eliminating all prior-period operating profit and failing to deliver the leverage typically tied to revenue growth.
Full-Year Forward Guidance
The same 8-K Exhibit 99.1 issued a full-year 2026 EPS guidance range of $16.50 to $17.00, with a midpoint of $16.75. This guidance implies an average per-share earnings of ~$5.87 for the remaining two quarters of 2026, which is higher than the $5.02 EPS reported in Q2 2026.
Cross-Referenced Signals
Per contemporaneous SEC Form 4 filings, on July 2, 2026, CEO and Director Robert Fauber sold 1,167 shares via S-Sale transaction at $455.49 per share, totaling $531,557; SVP and General Counsel Richard G. Steele sold 157 shares for a total of $71,512 on the same date. As of December 31, 2025, MCO had 1,435 institutional holders (up 68 quarter-over-quarter), with total holdings of $140.6B and a 90.6% float ownership rate; 193 institutions opened new positions, 703 increased holdings, 475 reduced positions, and 115 closed all holdings. Analyst rating distribution has remained unchanged since June 1, 2026, with 4 Strong Buy, 12 Buy, and 7 Hold ratings, no Sell or Strong Sell ratings.
Uncovered Critical Details
This earnings release did not include segmented financial data for MCO’s two core business units (Moody's Investors Service and Moody's Analytics), lacked quarterly cash flow and balance sheet details, and only provided full-year EPS guidance with no corresponding full-year revenue outlook.
Follow-up Markers
Investors should monitor the upcoming Q2 2026 10-Q filing for segmented business results, cash flow, and balance sheet data, as well as future updates to institutional holdings and analyst rating actions.
核心财报数据
穆迪公司（MCO）于2026年7月22日06:59:12提交SEC 8-K表格第2.02项文件，披露2026年第二季度（截至2026年6月30日）财务数据：营收同比增长15.1%至21.85亿美元，超出市场一致预期约4.7%（市场预期为20.87亿美元）；摊薄每股收益（EPS）同比增长56.9%至5.02美元，超出市场一致预期约17.8%（市场预期为4.26美元）。但息税前利润（EBIT）同比下滑100%至0美元，较2025年第二季度的8.19亿美元EBIT出现全额下滑。
运营杠杆分析
本季度营收实现两位数同比增长，但EBIT完全转负，显示盈利边际出现显著压缩：尽管营收同比提升2.87亿美元，但同期EBIT较去年同期减少8.19亿美元，整体利润率出现大幅收缩，未能实现营收增长带动的盈利杠杆效应。
全年业绩指引
本次8-K附件99.1同时发布了2026年全年EPS指引区间：16.50至17.00美元，指引中点为16.75美元。该指引对应的剩余两个季度平均每股收益约为5.87美元，高于本季度披露的5.02美元EPS。
交叉参考信号
结合同期SEC备案数据，2026年7月2日，公司总裁兼CEO Fauber Robert通过大宗交易（S-Sale）减持1167股普通股，成交价为455.49美元，交易总额531,557美元；同时高级副总裁兼总法律顾问Steele Richard G减持157股，交易总额71,512美元。截至2025年12月31日，该公司共有1435家机构持有者，较此前增加68家，总持仓规模达1406亿美元，浮股持仓占比90.6%，其中193家新建仓位、703家加仓、475家减仓、115家清仓。2026年6月1日以来，分析师评级分布无变化，维持4家强力买入、12家买入、7家持有的评级结构。
未覆盖的关键信息
本次财报未披露2026年Q2两大业务板块（穆迪投资者服务、穆迪Analytics）的细分营收与利润数据，未提供季度现金流、资产负债表等详细财务细节，且仅发布了全年EPS指引，未披露全年营收预期。
后续关注
需等待后续披露的2026年Q2 10-Q文件，以获取细分业务数据、现金流及资产负债表细节；同时需关注后续机构持仓更新及分析师评级调整情况。
This analysis was generated by InvestLog AI based on SEC filings, Form 4 insider transactions, Form 144 planned-sale notices, 13F institutional holdings, analyst ratings, and market data. It is for informational purposes only and does not constitute investment advice.这篇研究由 InvestLog AI 基于 SEC 披露、Form 4 内部人交易、Form 144 计划减持、13F 机构持仓、分析师评级和市场数据生成。内容仅供参考，不构成投资建议。