3Q 2023 Investor Presentation
Medium-Term Guidance with 2022 Base Year¹
MCO Revenue
MA Revenue
MIS Revenue
MEDIUM-TERM 2, 3
->
At least 10% growth
→>
→>
Low-to-mid-teens % growth
Low-to-mid-single-digit % growth
MCO Adjusted Operating Margin
→>
Low-50s % range
alt
MA Adjusted Operating Margin
←
Mid-30s % range
MIS Adjusted Operating Margin
->
Low-60s % range
MCO Adjusted Diluted EPS
→>
Low-double-digit % growth
Note: Medium-term guidance refers to a time period within 5 years. Growth refers to average annualized growth over the time period.
As of January 31, 2023. Refer to slide 80 in the Appendix for details and assumptions with respect to medium-term guidance.
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Assumes no material change in effective tax rate, foreign exchange rates, leverage profile and/or capital allocation policy.
Subject to available cash, market conditions, M&A opportunities and other ongoing capital allocation decisions.
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3Q 2023 Investor Presentation
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