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
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