3Q 2023 Investor Presentation

Moody's Corporation Financial Profile 3Q 2023 TTM Revenue: $5.7 billion 48% Non-U.S. 52% U.S. 30% Transaction 70% Recurring DS 24% PPIF MA1 8% R&I MIS2 FIG 15% 9% SFG D&I 7% 13% CFG 23% Full Year 2023 Guidance³ Revenue Operating Expenses Operating Margin Adjusted Operating Margin Interest Expense, Net Effective Tax Rate 1. Percentages may not sum to 100% due to rounding. Increase in the high-single-digit percent range Increase in the mid-single-digit percent range Approximately 37% 44% - 45% $250 $260 million 16% - 18% Diluted EPS Adjusted Diluted EPS Operating Cash Flow Free Cash Flow Share Repurchases $8.60 - $9.10 $9.75 - $10.25 Approximately $2.1 billion Approximately $1.8 billion Approximately $500 million 2. Percentages may not sum to 100% due to rounding. Includes MIS Other, <1%; MIS Other consists of financial instruments pricing services in the Asia-Pacific region, ICRA non-ratings revenue, and revenue from professional services. 3. Guidance as of October 25, 2023. Refer to Table 11 - "2023 Outlook" in the press release titled "Moody's Corporation Reports Results for Third Quarter 2023" from October 25, 2023, for a complete list of guidance, reconciliations between adjusted measures and U.S. GAAP, as well as assumptions used by the Company with respect to its guidance. Moody's | Decode risk. Unlock opportunity. 3Q 2023 Investor Presentation 8

View entire presentation