Financial Services
Moody's delivered a strong Q2 FY2026 with total revenue up 15% YoY to $2,185M and net income up 52% to $878M, driven by 25% growth in MIS ratings revenue (particularly strong CFG issuance) and a $181M gain on the divestiture of the MA Regulatory Solutions business, even as stockholders' equity fell 23% YoY due to aggressive share buybacks ($2,165M YTD).
Key risk: Significant Decline in Stockholders' Equity and Liquidity
Stockholders' equity fell 23.4% YoY to $3,025M and cash & equivalents declined 32.5% YoY to $1,467M, driven largely by aggressive share buybacks of $2,165M year-to-date (up 229.5% YoY), which has materially thinned the company's equity cushion.
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