KPIs & Operating Metrics(New)
Growth Metrics

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 🔒
DateValue
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