Moodys

Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus expectations, with Normalized EPS of $4.68 beating the $4.25 mean and revenue of $2,185M surpassing the $2,083M forecast. Moody’s Investors Service (MIS) was the primary growth engine, delivering a 25% YoY revenue surge driven by high-yield leveraged finance and AI-related infrastructure financing. Management also expanded its restructuring program in July 2026, raising annualized savings targets to $300M-$350M, reinforcing a positive outlook for operating leverage.