Moody's Analytics
Risk, ratings, and compliance data and analytics feeding bank and insurance workflows worldwide.
On the record
Checkpoint: Q3 2026 earnings call, watch for ARR growth or mix-shift toward commodity data
The call
Moody's Analytics keeps growing by selling its proprietary data into the same AI models that might otherwise replace it.
Moody's Analytics provides credit ratings, risk data, and compliance software to banks and insurance companies. It is difficult to replace because it owns 600 million company profiles and ownership records that AI systems like ChatGPT cannot easily rebuild from public sources, and regulators require auditable data for loan approval. The risk to watch: if the cheapest, most basic parts of its data business get copied by AI or competitors, it could hurt growth unless the company's more advanced compliance tools and ownership tracking stay valuable to customers.
Why
01
AI pressure: Frontier models like Anthropic's Claude and Microsoft Copilot. LLMs could commoditize raw filing data, so Moody's wires its entity graph directly into Claude and Copilot as the cited source. Could AI do the core job? Unlikely.
02
Bigger players: S&P Global Market Intelligence. S&P Global competes for the same regulated data seat, but no share has shifted from Moody's Analytics to date. Could a giant copy it? No, they are blocked.
03
What protects it. 600 million entity, 2 billion link ownership graph plus regulatory audit requirements banks cannot swap out overnight.
What would change this call
Q3 2026 earnings (Oct 2026) show MA ARR growth below 8%. would indicate data commoditization outpacing proprietary/compliance revenue growth.
Anthropic, Microsoft, or OpenAI add a rival data provider into Claude/Copilot compliance workflows. would show Moody's proprietary data layer being displaced in frontier-model integrations.
Regulators explicitly accept raw LLM-cited answers without an auditable source of record. would remove the regulatory-trust moat protecting Moody's compliance-grade data.
Anthropic, Microsoft, or OpenAI add a rival data provider into Claude/Copilot compliance workflows. would show Moody's proprietary data layer being displaced in frontier-model integrations.
Regulators explicitly accept raw LLM-cited answers without an auditable source of record. would remove the regulatory-trust moat protecting Moody's compliance-grade data.
Key numbers
- Segment ARR $3.66B, up 9% YoY
- 99% of segment revenue is recurring
- 600M entities, 2B ownership links in dataset
Named risks
- Data commoditization as LLMs extract structured filing data, undercutting raw data subscription value.
- Frontier labs or Microsoft could displace Moody's data layer with lower-cost rival in MCP/SKILL.md slots.
- Ongoing multi-quarter divestitures (Learning Solutions, Regulatory/ALM) could further shrink MA revenue base.
- Stock dipped on soft full-year guidance despite Q2 2026 beat, indicating sensitive investor sentiment.
- Sovereign rating actions (US downgrade May 2025, France Dec 2024) show parent-level political exposure.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| S&P Global Market Intelligence | contesting | Cited as MA's chief peer with no documented share loss as of Feb 2026 analysis |
| Fitch Ratings | contesting | Third member of ratings 'Big Three' holding over 95% combined ratings market share |
| Bloomberg | contesting | Flagged by third-party June 2026 analysis as adjacent pressure on analytics distribution |
| LSEG (Refinitiv) | contesting | Named as adjacent competitor pressuring analytics side per June 2026 blog analysis |
| Dun & Bradstreet | contesting | Overlaps in KYC/company-data per May 2026 peer comparison |
Questions people ask
- Is Moody's Analytics profitable and growing in 2026?
- Yes. Moody's Analytics posted $925 million in Q2 2026 revenue, up 8% organic constant-currency YoY, with ARR at $3.66 billion (+9% YoY) and 99% recurring revenue, per Moody's Q2 2026 earnings reported July 22, 2026.
- Could AI replace Moody's Analytics?
- Unlikely soon. Moody's embeds proprietary data (600 million entities, 2 billion ownership links per its own April 2026 claim) directly into Claude and Copilot via MCP and SKILL.md integrations, positioning itself as infrastructure for AI rather than a target for replacement by it.
- Who owns Moody's Analytics?
- Moody's Analytics is a reporting segment of publicly traded Moody's Corporation (NYSE: MCO), not an independent company. It has no separate funding rounds; growth has come via parent-company acquisitions like Bureau van Dijk and kompany.
- Is Moody's Analytics losing business to S&P Global?
- No clear share loss is documented. Analysts (Seeking Alpha, Feb 2026) frame S&P Global as Moody's chief peer and argue MA's analytics/data business faces more AI commoditization risk, but no customer-loss evidence was found as of mid-2026.
- What is Moody's Analytics' biggest competitor?
- S&P Global (Ratings and Market Intelligence) is repeatedly cited by third-party analysts as Moody's closest direct competitor, with Fitch Ratings as the third member of the ratings 'Big Three' controlling over 95% of ratings market share.
- Has Moody's Analytics sold off any business units recently?
- Yes. Fitch Learning completed acquisition of Moody's Analytics Learning Solutions and the Canadian Securities Institute on December 5, 2025, and Regnology completed acquisition of Moody's Regulatory Reporting and ALM Solutions on May 5, 2026.
Timeline
- 2026-06-17Launched decision-grade AI skills on Microsoft 365 Copilot Cowork via SKILL.md standard
- 2026-05-05Regnology completed acquisition of Moody's Regulatory Reporting and ALM Solutions
- 2026-04-09Native Claude/Anthropic MCP integration for credit and compliance workflows launched
- 2026-02-18Q4 2025 earnings call: FY2025 MA revenue $3.6B, ARR $3.5B, 97% recurring
- 2025-12-05Fitch Learning completed acquisition of Moody's Analytics Learning Solutions and CSI
- 2025-09-16Agentic Solutions suite launched for credit, compliance, insurance workflows
- 2025-09-15Research Assistant described as most rapidly adopted solution in Moody's history
- 2023-12Moody's Research Assistant GenAI tool launched, built on Azure OpenAI
- 2007-08Moody's Analytics formally consolidated as distinct division
Revision history
22 July 2026
First assessed. Hard to displace. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Moody's beats Q2 estimates but stock dips on soft guidance (2026-07-22)
- Moody's (MCO) Q4 2025 Earnings Call Transcript (2026-02-18)
- Moody's (MCO) Q4 2025 Summary (2026-02-18)
- From Research Assistant to Agentic Solution (2025-09-15)
- Moody's brings credit and compliance workflows directly into Anthropic's Claude (2026-04-09)
- Moody's (MCO) Number of Employees 1998-2025 (2026-07-09)
- Moody's (MCO) Stock Price & Overview
- Fitch Learning Completes Acquisition of MALS and CSI (2025-12-05)
- Regnology acquires Moody's Regulatory & ALM solutions (2026-05-05)
- Unlock peak performance, powered by Moody's Agentic Solutions (2025-09-16)
- Moody's Launches Decision-Grade AI Skills for Major AI Platforms (2026-06-17)
- Moody's (MCO) Business Metrics & Revenue Breakdown