Moodys (MCO) Cost of Revenue (2009 - 2026)
Moodys (MCO) reported Cost of Revenue of $531.0 million for Q1 2026, up 8.15% year-over-year from $491.0 million in Q1 2025, and up 5.99% on a QoQ basis from $501.0 million in Q4 2025.
Moodys (MCO) has 18 years of Cost of Revenue data on file, last reported at $531.0 million in Q1 2026.
- Quarterly Cost of Revenue rose 8.15% year-over-year to $531.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 2.23% YoY) and the FY2025 annual result came in at $2.0 billion, up 1.44% from the prior year.
- Cost of Revenue advanced to $531.0 million in Q1 2026 per MCO's latest filing, from $501.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $531.0 million in Q1 2026 and bottomed at $393.0 million in Q2 2022.
- The 5-year median for Cost of Revenue is $467.0 million (2024), against an average of $455.8 million.
- The widest annual swing landed in 2022, when Cost of Revenue dropped 15.46%; it then gained 24.27% in 2024.
- Tracing MCO's Cost of Revenue over 5 years: stood at $410.0 million in 2022, then climbed 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, then gained by 5.99% to $531.0 million in 2026.
- Per Business Quant, the three latest MCO Cost of Revenue figures stand at $531.0 million (Q1 2026), $501.0 million (Q4 2025), and $492.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 1.24 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 52.50 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 531.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 730.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 83.91 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 85.70 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 5.80 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 519.50 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 296.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 531.00 Mn |
| Mar 31, 2026 | 531.00 Mn |
| Dec 31, 2025 | 501.00 Mn |
| Dec 31, 2025 | 501.00 Mn |
| Sep 30, 2025 | 492.00 Mn |
| Sep 30, 2025 | 492.00 Mn |
| Jun 30, 2025 | 489.00 Mn |
| Jun 30, 2025 | 489.00 Mn |
| Mar 31, 2025 | 491.00 Mn |
| Mar 31, 2025 | 491.00 Mn |
| Dec 31, 2024 | 497.00 Mn |
| Dec 31, 2024 | 497.00 Mn |
| Sep 30, 2024 | 512.00 Mn |
| Sep 30, 2024 | 512.00 Mn |
| Jun 30, 2024 | 469.00 Mn |
| Jun 30, 2024 | 469.00 Mn |
| Mar 31, 2024 | 467.00 Mn |
| Mar 31, 2024 | 467.00 Mn |
| Dec 31, 2023 | 421.00 Mn |
| Dec 31, 2023 | 421.00 Mn |
| Sep 30, 2023 | 412.00 Mn |
| Sep 30, 2023 | 412.00 Mn |
| Jun 30, 2023 | 426.00 Mn |
| Jun 30, 2023 | 426.00 Mn |
| Mar 31, 2023 | 428.00 Mn |
| Mar 31, 2023 | 428.00 Mn |
| Dec 31, 2022 | 410.00 Mn |
| Dec 31, 2022 | 410.00 Mn |
| Sep 30, 2022 | 393.00 Mn |
| Sep 30, 2022 | 393.00 Mn |
| Jun 30, 2022 | 393.00 Mn |
| Jun 30, 2022 | 393.00 Mn |
| Mar 31, 2022 | 417.00 Mn |
| Mar 31, 2022 | 417.00 Mn |
| Dec 31, 2021 | 485.00 Mn |
| Dec 31, 2021 | 485.00 Mn |
| Sep 30, 2021 | 394.00 Mn |
| Sep 30, 2021 | 394.00 Mn |
| Jun 30, 2021 | 365.00 Mn |
| Jun 30, 2021 | 365.00 Mn |
| Mar 31, 2021 | 393.00 Mn |
| Mar 31, 2021 | 393.00 Mn |
| Dec 31, 2020 | 409.00 Mn |
| Dec 31, 2020 | 409.00 Mn |
| Sep 30, 2020 | 364.00 Mn |
| Sep 30, 2020 | 364.00 Mn |
| Jun 30, 2020 | 362.00 Mn |
| Jun 30, 2020 | 362.00 Mn |
| Mar 31, 2020 | 340.00 Mn |
| Mar 31, 2020 | 340.00 Mn |
| Dec 31, 2019 | 355.00 Mn |
| Dec 31, 2019 | 355.00 Mn |
| Sep 30, 2019 | 350.00 Mn |
| Sep 30, 2019 | 350.00 Mn |
| Jun 30, 2019 | 340.00 Mn |
| Jun 30, 2019 | 340.00 Mn |
| Mar 31, 2019 | 342.00 Mn |
| Mar 31, 2019 | 342.00 Mn |
| Dec 31, 2018 | 304.60 Mn |
| Dec 31, 2018 | 304.60 Mn |
| Sep 30, 2018 | 306.30 Mn |
| Sep 30, 2018 | 306.30 Mn |
| Jun 30, 2018 | 320.20 Mn |
| Jun 30, 2018 | 320.20 Mn |
| Mar 31, 2018 | 314.90 Mn |
| Mar 31, 2018 | 314.90 Mn |
| Dec 31, 2017 | 340.30 Mn |
| Dec 31, 2017 | 340.30 Mn |
| Sep 30, 2017 | 315.60 Mn |
| Sep 30, 2017 | 315.60 Mn |
| Jun 30, 2017 | 284.80 Mn |
| Jun 30, 2017 | 284.80 Mn |
| Mar 31, 2017 | 275.30 Mn |
| Mar 31, 2017 | 275.30 Mn |
| Dec 31, 2016 | 258.30 Mn |
| Dec 31, 2016 | 258.30 Mn |
| Sep 30, 2016 | 253.20 Mn |
| Sep 30, 2016 | 253.20 Mn |
| Jun 30, 2016 | 258.90 Mn |
| Jun 30, 2016 | 258.90 Mn |
| Mar 31, 2016 | 249.20 Mn |
| Mar 31, 2016 | 249.20 Mn |
| Dec 31, 2015 | 251.90 Mn |
| Dec 31, 2015 | 251.90 Mn |
| Sep 30, 2015 | 236.10 Mn |
| Sep 30, 2015 | 236.10 Mn |
| Jun 30, 2015 | 243.90 Mn |
| Jun 30, 2015 | 243.90 Mn |
| Mar 31, 2015 | 244.40 Mn |
| Mar 31, 2015 | 244.40 Mn |
| Dec 31, 2014 | 255.50 Mn |
| Dec 31, 2014 | 255.50 Mn |
| Sep 30, 2014 | 236.70 Mn |
| Sep 30, 2014 | 236.70 Mn |
| Jun 30, 2014 | 222.10 Mn |
| Jun 30, 2014 | 222.10 Mn |
| Mar 31, 2014 | 216.00 Mn |
| Mar 31, 2014 | 216.00 Mn |
| Dec 31, 2013 | 221.00 Mn |
| Dec 31, 2013 | 221.00 Mn |
| Sep 30, 2013 | 203.50 Mn |
| Sep 30, 2013 | 203.50 Mn |
| Jun 30, 2013 | 197.10 Mn |
| Jun 30, 2013 | 197.10 Mn |
| Mar 31, 2013 | 200.80 Mn |
| Mar 31, 2013 | 200.80 Mn |
| Dec 31, 2012 | 221.60 Mn |
| Dec 31, 2012 | 221.60 Mn |
| Sep 30, 2012 | 207.30 Mn |
| Sep 30, 2012 | 207.30 Mn |
| Jun 30, 2012 | 180.60 Mn |
| Jun 30, 2012 | 180.60 Mn |
| Mar 31, 2012 | 185.50 Mn |
| Mar 31, 2012 | 185.50 Mn |
| Dec 31, 2011 | 181.20 Mn |
| Dec 31, 2011 | 181.20 Mn |
| Sep 30, 2011 | 171.00 Mn |
| Sep 30, 2011 | 171.00 Mn |
| Jun 30, 2011 | 170.50 Mn |
| Jun 30, 2011 | 170.50 Mn |
| Mar 31, 2011 | 160.80 Mn |
| Mar 31, 2011 | 160.80 Mn |
| Dec 31, 2010 | 180.90 Mn |
| Dec 31, 2010 | 180.90 Mn |
| Sep 30, 2010 | 153.70 Mn |
| Sep 30, 2010 | 153.70 Mn |
| Jun 30, 2010 | 134.30 Mn |
| Jun 30, 2010 | 134.30 Mn |
| Mar 31, 2010 | 135.90 Mn |
| Mar 31, 2010 | 135.90 Mn |
| Dec 31, 2009 | 146.90 Mn |
| Dec 31, 2009 | 146.90 Mn |
| Sep 30, 2009 | 135.10 Mn |
| Sep 30, 2009 | 135.10 Mn |
| Jun 30, 2009 | 128.00 Mn |
| Jun 30, 2009 | 128.00 Mn |
| Mar 31, 2009 | 122.40 Mn |
| Mar 31, 2009 | 122.40 Mn |