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Moody’s Corporation Q3 revenue up 2% to $834.9 million

Staff writer ▼ | October 31, 2015
Moody’s Corporation announced results for the third quarter of 2015. Revenue was $834.9 million for the three months ended September 30, 2015, up 2% from $816.1 million for the same period of 2014.
U.S. revenue up   Non-U.S. revenue down
Operating expenses totaled $485.2 million, up 4% from $466.4 million, and operating income was $349.7 million, flat versus the third quarter of 2014. Adjusted operating income (operating income before depreciation and amortization) was $378 million, up 1% from the prior year period.

Operating margin for the third quarter of 2015 was 41.9% and adjusted operating margin was 45.3%.

Both GAAP EPS of $1.14 and non-GAAP EPS of $1.11 were up 14% from the third quarter of 2014. Non-GAAP EPS excludes a $0.03 benefit from a legacy tax matter in the third quarters of both 2015 and 2014.

Moody’s Corporation reported global revenue of $834.9 million for the third quarter of 2015, up 2% from the third quarter of 2014, or up 7% on a constant currency basis.

U.S. revenue was $482.1 million, up 7% from $449.1 million, while non-U.S. revenue was $352.8 million, down 4% from $367 million. Revenue generated outside the U.S. constituted 42% of total revenue, versus 45% in the year-ago period.