KPIs & Operating Metrics(New)
Growth Metrics

Moodys (MCO) Cost of Revenue (2016 - 2025)

Moodys (MCO) has disclosed Cost of Revenue for 17 consecutive years, with $501.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 0.8% to $501.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.0 billion, a 1.44% increase, with the full-year FY2025 number at $2.0 billion, up 1.44% from a year prior.
  • Cost of Revenue was $501.0 million for Q4 2025 at Moodys, up from $492.0 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $512.0 million in Q3 2024 to a low of $365.0 million in Q2 2021.
  • A 5-year average of $442.8 million and a median of $427.0 million in 2023 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: fell 15.46% in 2022, then rose 24.27% in 2024.
  • Moodys' Cost of Revenue stood at $485.0 million in 2021, then dropped by 15.46% to $410.0 million in 2022, then rose by 2.68% to $421.0 million in 2023, then rose by 18.05% to $497.0 million in 2024, then grew by 0.8% to $501.0 million in 2025.
  • Per Business Quant, the three most recent readings for MCO's Cost of Revenue are $501.0 million (Q4 2025), $492.0 million (Q3 2025), and $489.0 million (Q2 2025).