Manav Patnaik

what is your downturn playbook look like? Like if unemployment does crack, how do you still keep up these kind of high single-digit growth levels, which levers typically make up more

on the fire side, the decline in gross margins, I'm guessing, is that because the SAP implementation is in full swing now

In the context of more budget pressures if the macro weakens, I was hoping you could give us some historical anecdotal examples, maybe if that's a positive for you guys in terms of accelerating the...

The M&A in the quarter, just it seems -- like you were pretty active. So just curious in which areas and anything to call out there

just help us, you know, size what you think the growth rate is, where the opportunities are, and perhaps if you see any roadblocks

how long do you think before that mix is big enough to start moving the needle?

I think the 2%, I believe, was supposed to be 2.5% to maybe a bit higher. If you could just talk about what we should expect in the second half with and without the surcharge pricing that you have ...

Any sense of, you know, just sizing it? And I suppose you know, how intertwined is it with your OneEcolab initiative

Okay. Got it. And I think your point on reemphasizing the proprietary data, that's well understood.

I think we all saw the mortgage data kind of taper off in March.

Hey, this is Brendan on for Manav. I just want to follow-up on the some of the mortgage market commentary.

Okay. And then on the twin indicator, I you're launching that kind of across the board obviously, it's already in market

And the feedback on the score pricing, I think that makes sense.

The first question, if you could just remind us the different moving pieces, I guess, on the mortgage side.

Hi. Thank you. Good morning. I just wanted to revisit the government business again.

K. And then, you know, just on the talent segment, on the criminal data, I think you mentioned something around shared s

This is Brendan on for Manav. I just want to ask on just the level of visibility you have for the second quarter and kin

Good morning. I just wanted to confirm, Mark, when you said without the mortgage and hiring headwinds go to being 200 ba

Okay, got it. And then maybe just on the government side, Mark, just help us with that cadence again in terms of what's

I just wanted to focus on, I think you mentioned your middle office and trading solutions growing really strong as well. And I noticed in the prepared remarks, that came up a lot in terms of the ac...

I just had a question on the slide you had on the margin impact for the 2026 investments. Just kind of following up, what is the cadence, I guess, by quarter we should be expecting on that 250 basi...

whether dealmaking is going to be a focus for you. And Helen, I just wanted to follow up quickly. You mentioned a few times investments in cyber. I was just -- I was hoping you could elaborate on that

what exactly are you, you know, tweaking, I suppose, to make the conversions better

Can you give us an update on when that's going live, what the feedback right now is with lenders and kind of adoption that you expect there?

just some help on how that process works? Like will there be another pilot like they're doing now with VantageScore once 10T is out

It was a good quarter. You maintained the guide. I know that's practice, but maybe you could just help us appreciate why there was no raise to the guide this time

I was just wondering if you could give us any early signs or based on your discussions, how you think that's going? Is that going to be available through the credit bureau channel as well?

I was just hoping you could help us appreciate the significance of that and any sense of timing around when 10T officially gets approved and used, et cetera?

your recent discussions with the FHFA. Obviously, there's a lot going on and direct will be treated favorably about your recent actions. But then also, like, what's next

you had customers already using it adding to about $313 billion, I think, is what you said. I was just wondering how many customers are using it. What is the pipeline for that

for the insurance core product that had the renewal this quarter, can you just remind us what that is and if there's a bunch of these that could occur over time

this is your kind of beat and raise type quarter. So, I just wanted some perspective on how you thought results came in versus your expectations

There's talk of, the GSE privatizing. Just how do you look at these changes? Do you think GSE privatization has any impact to the status of the FICO score?

just thinking ahead, do you still see more room for that gap to close? I mean, I guess it's 1% the mark?

where there's obviously a lot of work and focus on your end is on the software side. And I was just wondering if you could just level set us

how much of your, I guess, total business is tariff impacted like the mix? And then within, I guess, tech vendors since you called that out, too

is there any deal pipeline or anything of that nature that might be part of why you're holding back as well

help us with the cadence for the year in terms of how you, you know, assume the issuance trajectory there?

obviously you said a lot of the growth showed up in structured finance. I was just curious where which other lines within your Moody's reporting segments

what is the margin profile of this one-time business just to consider that as well?

Just thoughts on what 1Q might look like relative to the rest of the year?

you could help us just appreciate the strategy in Energy where you're selling the workflow businesses and focusing in data

do you think all these enhancements that you're talking about will help you accelerate revenue growth? And also, how do you think that changes your pricing strategy going forward?

within MI itself going forward, how big a role do you think AI will have in helping expand those margins in a meaningful way

Can you just provide a little bit more color on the sanctions you mentioned in terms of the revenue impact? And also, if I may, the Upstream business has been a very, very low growth business

it sounds like from everything you're saying, you're not yet seeing any major changes in your customer behavior

in terms of the portfolio, the 2 divestitures you already did. Just curious on what we should expect in terms of if there's other areas in there that you wanted to clean up

Can you help us with any sense of sizing of workflow for you guys and the growth rates there?

in the past, Steve, you've talked about potentially larger ones. So just trying to get an update on where the market is at

I was hoping you could help us just frame your solution set versus the competition out there

The 68% the other products, I was just hoping you could help us with kind of the average growth there and the opportunity to accelerate

any updates you can give us on the exposure there to those websites? Obviously there's lots of contracts here and there

how much of that gets absorbed as part of your value pricing strategy that you have, as opposed to driving new incremental revenue

how much of the software and analytics that you sell come tied with the data that you have versus separate

I was just curious what -- if you could give us some more color on perhaps what's in question here. And somewhat tied to it, I know obviously, you have that strategic agreement with ServiceTitan

I'm guessing you provide your estimate -- property estimating solutions and partnering with a lot of other players in the industry as well. So I was hoping you could just address if this changes th...