Core Viewpoint - Moody's reported increased profit and revenue in the fourth quarter, attributing this success to the effective implementation of new technologies across its business [1] Financial Performance - The company experienced higher profit and revenue in the fourth quarter, indicating a positive financial trend [1]

本文源自：金融界AI电报 穆迪股价盘前上涨3%，因第四季度营收和利润超预期。 ...

每经AI快讯，2月18日，穆迪股价盘前上涨3%。 ...

New York-based Moody's Corporation (MCO) operates as an integrated risk assessment firm. With a market cap of $76.1 billion, the company provides credit ratings and related research, data and analytical tools, quantitative credit risk measures, risk scoring software, and credit portfolio management solutions and securities pricing software and valuation models. Shares of this credit rating giant have underperformed the broader market over the past year. MCO has declined 19.1% over this time frame, while ...

穆迪预计2026年调整后营业利润率为52%-53%，盘前股价上涨3%。 来源：滚动播报 ...

来源：滚动播报 穆迪预计2026年营收将实现高个位数增长。 ...

Financial Performance - Moody's Corporation reported Q4 2025 revenue of $1.9 billion, a 13% increase year-over-year, and full year 2025 revenue of $7.7 billion, a 9% increase year-over-year[6]. - Moody's Analytics revenue for Q4 2025 was $943 million, up 9% year-over-year, while full year revenue was $3.6 billion, also up 9% year-over-year[6]. - Moody's Investors Service revenue grew 17% in Q4 2025 to $946 million, marking the strongest fourth quarter on record, and full year revenue increased 9% to $4.1 billion[6]. - Revenue for Q4 2025 was $1,889 million, a 13% increase from $1,672 million in Q4 2024[48]. - Total revenue for Moody's Corporation in Q4 2025 reached $1,889 million, a 13% increase from $1,672 million in Q4 2024[65]. - For the year ended December 31, 2025, total external revenue was $7,718 million, a 8.8% increase from $7,088 million in 2024[62]. - The company reported a total of $7,718 million in MCO revenue for the year ended December 31, 2025, reflecting a 9% increase from $7,088 million in 2024[77]. Earnings and Profitability - The diluted EPS for Q4 2025 was $3.41, a 57% increase, and for full year 2025, it was $13.67, a 21% increase[34]. - Basic earnings per share for Q4 2025 was $3.43, compared to $2.18 in Q4 2024, reflecting a 57% increase[48]. - Net income attributable to Moody's for 2025 was $2,459 million, representing a 19% increase from $2,058 million in 2024[48]. - Net income attributable to Moody's common shareholders for Q4 2025 was $610 million, compared to $395 million in Q4 2024, representing a 54% increase[87]. - For the full year 2025, adjusted net income was $2.687 billion, compared to $2.279 billion in 2024, marking a 18% increase[87]. Operating Metrics - Operating income for the year ended December 31, 2025, reached $3,351 million, up 16% from $2,875 million in 2024[48]. - Adjusted Operating Income for Q4 2025 was $920 million, up from $733 million in Q4 2024, reflecting a 25.5% growth[62]. - Adjusted Operating Income for the year 2025 was $3,942 million, up from $3,408 million in 2024, representing a 15.6% increase[62]. - Operating cash flow for 2026 is expected to be between $3.25 billion and $3.45 billion, with free cash flow projected at $2.8 billion to $3.0 billion[92]. Expenses and Margins - Operating expenses for full year 2025 increased by 4%, with projections for 2026 indicating a mid-single-digit percent increase[27]. - Moody's operating margin for Q4 2025 was 40.8%, with an adjusted operating margin of 48.7%[31]. - Adjusted Operating Margin improved to 48.7% in Q4 2025 compared to 43.8% in Q4 2024[62]. - The operating margin for 2026 is projected to be between 45% and 46%, with an adjusted operating margin guidance of 52% to 53%[92]. Cash and Assets - Total assets as of December 31, 2025, were $15,830 million, an increase from $15,505 million in 2024[52]. - Total liabilities decreased to $11,625 million in 2025 from $11,778 million in 2024[52]. - Cash and cash equivalents at the end of 2025 were $2,384 million, slightly down from $2,408 million in 2024[53]. - Net cash provided by operating activities for 2025 was $2,901 million, compared to $2,838 million in 2024[53]. - Free Cash Flow for the year ended December 31, 2025, was $2,575 million, up from $2,521 million in 2024[74]. Shareholder Returns - Moody's Board of Directors declared a quarterly dividend of $1.03 per share, payable on March 13, 2026[39]. - The company repurchased shares worth $1,607 million in 2025, up from $1,292 million in 2024[53]. - Moody's plans to allocate approximately $2.0 billion for share repurchases, subject to market conditions and other capital allocation decisions[92]. Future Outlook - Moody's updated outlook for full year 2026 includes U.S. GDP growth forecast of 1.5% - 2.5% and global GDP growth of 2.0% - 3.0%[42]. - Moody's expects revenue growth in the high-single-digit percent range for 2026, with operating expenses projected to increase in the mid-single-digit percent range[92]. - The guidance for diluted EPS in 2026 is set between $15.00 and $15.60, while adjusted diluted EPS is projected to be between $16.40 and $17.00[92]. - Moody's Analytics (MA) revenue is expected to increase in the mid-single-digit percent range, with organic constant currency revenue anticipated to rise in the high-single-digit percent range[92].

Moody’s Corporation (NYSE:MCO) will release earnings for its fourth quarter before the opening bell on Wednesday, Feb. 18.Analysts expect the New York-based company to report quarterly earnings at $3.44 per share. That's up from $2.62 per share in the year-ago period. The consensus estimate for Moody’s quarterly revenue is $1.87 billion (it reported $1.67 billion last year), according to Benzinga Pro.On Monday, Moody’s announced that it has established a regional headquarters (RHQ) in Riyadh, Saudi Arabia.S ...

Core Viewpoint - The article reveals the portfolio adjustments made by Berkshire Hathaway during Warren Buffett's last quarter as CEO, highlighting a shift in holdings with reductions in technology stocks and increases in energy, consumer, and financial sectors [2][4]. Group 1: Overall Portfolio Changes - As of the end of Q4 2025, Berkshire's total portfolio size increased to $274 billion from $267 billion in the previous quarter, with the top ten holdings accounting for 88.26% of the portfolio [2]. - The top ten holdings remained unchanged in terms of companies, but there were slight adjustments in their rankings [2]. Group 2: Major Stock Adjustments - Berkshire reduced its stake in Apple by over 10.29 million shares, a decrease of 4.32%, marking the third consecutive quarter of reduction, with a market value decline of approximately $2.8 billion [4][7]. - A significant reduction in Amazon shares was noted, with a 77.24% decrease in holdings, dropping its portfolio share from 0.82% to 0.19%, leaving nearly 2.3 million shares [5]. - The stake in Bank of America was also reduced, with nearly 50.8 million shares sold, resulting in an 8.94% decrease in holdings [6]. Group 3: New Investments and Increases - Berkshire initiated a new position in The New York Times, purchasing 5.0657 million shares valued at over $350 million, ranking it 30th in the portfolio [8]. - The company increased its holdings in Chevron by over 8.09 million shares, a 6.63% increase, and in Chubb Limited by nearly 2.92 million shares, a 9.31% increase [9]. - Additionally, there was a 12.34% increase in holdings of Domino's Pizza, raising its market value to $1.4 billion [9]. Group 4: Stable Holdings - Coca-Cola and Kraft Heinz holdings remained unchanged, with Coca-Cola valued at $27.96 billion, maintaining its position as the fourth-largest holding [11]. - Berkshire is the largest shareholder of Kraft Heinz, holding approximately 27.5% of the company, which is undergoing a split into two independent publicly traded companies [11].

Core Viewpoint - Moody's Corporation is a significant entity in the financial services sector, known for its credit ratings and risk management products, which are vital for global investors and businesses [1] Group 1: Price Target Trends - The consensus price target for Moody's has decreased from $539.53 to $532 over the past year, indicating a downward trend in analysts' expectations [2][5] - This decline in price targets may be influenced by various factors, including market conditions and company performance [2] Group 2: Earnings Performance - Moody's has a history of delivering impressive earnings surprises, suggesting strong performance despite the declining price targets [3] - The company is expected to report robust fourth-quarter results, driven by global loan and bond issuance, benefiting its Moody's Investors Service segment [3][5] - There is sustained demand for Moody's Analytics services, contributing to the anticipated growth in earnings [3] Group 3: Strategic Outlook - The upcoming earnings announcement is expected to show growth, with Wall Street anticipating positive results [4] - Moody's strategic positioning and strong performance history indicate it may continue its positive trend, even with rising acquisition costs [4]