Moodys (MCO) Cost of Revenue (2009 - 2026)
Moodys (MCO) posted quarterly Cost of Revenue of $518.0 million for Q2 2026, up 5.93% year-over-year from $489.0 million in Q2 2025, and down 2.45% quarter-over-quarter from $531.0 million in Q1 2026.
Moodys (MCO) Cost of Revenue (2009 - 2026) Analysis & Trends
Moodys (MCO) has reported Cost of Revenue for 18 consecutive years, with $518.0 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Cost of Revenue rose 5.93% year-over-year to $518.0 million; the TTM figure through Jun 2026 stood at $2.0 billion (up 2.66% YoY), while the FY2025 annual figure was $2.0 billion, up 1.44% from the prior year.
- Cost of Revenue slipped to $518.0 million in Q2 2026 per MCO's latest filing, from $531.0 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.
- Historically, Cost of Revenue has averaged $459.3 million across 5 years, with a median of $468.0 million in 2024.
- Annual changes were most pronounced in 2022 — Cost of Revenue fell 15.46% — and 2024, when it climbed 24.27%.
- Moodys' Cost of Revenue stood at $410.0 million in 2022, then rose by 2.68% to $421.0 million in 2023, then climbed by 18.05% to $497.0 million in 2024, then gained by 0.8% to $501.0 million in 2025, then increased by 3.39% to $518.0 million in 2026.
- Business Quant data shows MCO's Cost of Revenue at $518.0 million in Q2 2026, $531.0 million in Q1 2026, and $501.0 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 1.17 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 59.90 Mn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | - |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 518.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 1.03 Bn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 59.69 Mn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 149.90 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 711.20 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 544.60 Mn |
| 10 | Factset Research Systems | 10.82 Bn | 10.52 Bn | 310.73 Mn | 312.19 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 518.00 Mn |
| Jun 30, 2026 | 518.00 Mn |
| 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 |