3Q 2021 Investor Presentation
18.1%
45.9%
Financial Performance1
Revenue²
$ Billions
■MIS Revenue ■MA Revenue
Low-teens %
2016-2020 CAGR 10%
growth
$5.4
$4.8
$4.4
$4.2
$3.6
$2.1
$2.0
$1.4
$1.7
$1.2
$2.4
$2.8
$2.7
$2.9
$3.3
43.3%
47.6%
42.0%
47.6%
Adjusted Diluted EPS3
$ Per Share
$10.15
$8.29
$7.39
$6.07
$4.94
2016
2017
2018
2019
2020
2021F1
2016
2017
2018
2019
2020
2021F1
Operating Margin4
■Operating Margin
■Adj. Operating Margin³
Free Cash Flow³
$ Millions
$2,200 - $2,300
41.4%
47.4%
44.5%
49.7%
46% -47%
~51%
2016
2017
2018
2019
2020
2021F1
1. See press release titled "Moody's Corporation Reports Results for Third Quarter 2021" from October 28, 2021 for Moody's complete full year 2021 guidance.
2. Totals may not sum due to rounding.
3. These figures are adjusted measures. See appendix for reconciliations from adjusted financial measures to U.S. GAAP.
4. 2016-2017 operating and adjusted operating margins have been restated to conform to the new presentation for pension expenses.
5. Includes approximately $700 million in net payments pursuant to a settlement charge.
Moody's | Better decisions
2016-2020 CAGR 20%
$2,043
$1,606
$1,370
$1,144
$664
5
2016
2017
2018
2019
2020
2021F1
3Q 2021 Investor Presentation
11
$12.15 $12.35
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