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% quarter-over-quarter from $501.0 million in Q4 2025.
Moodys (MCO) Cost of Revenue (2009 - 2026) Analysis & Trends
Moodys (MCO) has 18 years of Cost of Revenue data on file, last reported at $531.0 million in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $531.0 million, up 8.15% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 2.23% YoY), and the FY2025 annual result was $2.0 billion, up 1.44% from the prior year.
- Cost of Revenue grew to $531.0 million in Q1 2026 per MCO's latest filing, from $501.0 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $531.0 million in Q1 2026 and troughed at $393.0 million in Q2 2022.
- A 5-year average of $455.8 million and a median of $467.0 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2024: Cost of Revenue fell 15.46% in 2022, then climbed 24.27% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $410.0 million in 2022, then increased by 2.68% to $421.0 million in 2023, then advanced by 18.05% to $497.0 million in 2024, then rose by 0.8% to $501.0 million in 2025, then climbed by 5.99% to $531.0 million in 2026.
- Business Quant data shows MCO's Cost of Revenue at $531.0 million in Q1 2026, $501.0 million in Q4 2025, and $492.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 1.24 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 52.50 Mn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 531.00 Mn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | - |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 730.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 83.91 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 85.70 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 5.80 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 519.50 Mn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 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 |