Moodys (MCO) Gross Margin (2009 - 2026)
Moodys (MCO) reported Gross Margin of 74.46% for Q1 2026, down 2.0% year-over-year from 75.98% in Q1 2025, and up 1.33% on a QoQ basis from 73.48% in Q4 2025.
Moodys (MCO) has 18 years of Gross Margin data on file, last reported at 74.46% in Q1 2026.
- Quarterly Gross Margin fell 2.0% year-over-year to 74.46% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 74.43% (up 168.0% YoY) and the FY2025 annual result came in at 74.44%, up 188.0% from the prior year.
- Gross Margin advanced to 74.46% in Q1 2026 per MCO's latest filing, from 73.48% in the prior quarter.
- Across five years, Gross Margin topped out at 75.49% in Q3 2025 and bottomed at 68.22% in Q4 2022.
- The 5-year median for Gross Margin is 72.01% (2023), against an average of 72.33%.
- The widest annual swing landed in 2022, when Gross Margin tumbled 500 bps; it then jumped 373 bps in 2025.
- Tracing MCO's Gross Margin over 5 years: stood at 68.22% in 2022, then advanced by 5 bps to 71.55% in 2023, then declined by 2 bps to 70.28% in 2024, then rose by 5 bps to 73.48% in 2025, then gained by 1 bps to 74.46% in 2026.
- Per Business Quant, the three latest MCO Gross Margin figures stand at 74.46% (Q1 2026), 73.48% (Q4 2025), and 75.49% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 70.39% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 97.21% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 74.46% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 65.84% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 94.06% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 89.93% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 57.27% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 58.30% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 51.43% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 74.46% |
| Dec 31, 2025 | 73.48% |
| Sep 30, 2025 | 75.49% |
| Jun 30, 2025 | 74.24% |
| Mar 31, 2025 | 74.48% |
| Dec 31, 2024 | 70.28% |
| Sep 30, 2024 | 71.76% |
| Jun 30, 2024 | 74.19% |
| Mar 31, 2024 | 73.85% |
| Dec 31, 2023 | 71.55% |
| Sep 30, 2023 | 72.01% |
| Jun 30, 2023 | 71.49% |
| Mar 31, 2023 | 70.88% |
| Dec 31, 2022 | 68.22% |
| Sep 30, 2022 | 69.18% |
| Jun 30, 2022 | 71.54% |
| Mar 31, 2022 | 72.60% |
| Dec 31, 2021 | 68.49% |
| Sep 30, 2021 | 74.18% |
| Jun 30, 2021 | 76.50% |
| Mar 31, 2021 | 75.44% |
| Dec 31, 2020 | 68.29% |
| Sep 30, 2020 | 73.16% |
| Jun 30, 2020 | 74.77% |
| Mar 31, 2020 | 73.64% |
| Dec 31, 2019 | 71.21% |
| Sep 30, 2019 | 71.77% |
| Jun 30, 2019 | 71.99% |
| Mar 31, 2019 | 70.05% |
| Dec 31, 2018 | 71.26% |
| Sep 30, 2018 | 71.67% |
| Jun 30, 2018 | 72.75% |
| Mar 31, 2018 | 72.06% |
| Dec 31, 2017 | 70.80% |
| Sep 30, 2017 | 70.31% |
| Jun 30, 2017 | 71.53% |
| Mar 31, 2017 | 71.77% |
| Dec 31, 2016 | 72.58% |
| Sep 30, 2016 | 72.39% |
| Jun 30, 2016 | 72.13% |
| Mar 31, 2016 | 69.46% |
| Dec 31, 2015 | 70.91% |
| Sep 30, 2015 | 71.72% |
| Jun 30, 2015 | 73.43% |
| Mar 31, 2015 | 71.77% |
| Dec 31, 2014 | 70.88% |
| Sep 30, 2014 | 71.00% |
| Jun 30, 2014 | 74.57% |
| Mar 31, 2014 | 71.85% |
| Dec 31, 2013 | 71.64% |
| Sep 30, 2013 | 71.16% |
| Jun 30, 2013 | 73.93% |
| Mar 31, 2013 | 72.56% |
| Dec 31, 2012 | 70.62% |
| Sep 30, 2012 | 69.89% |
| Jun 30, 2012 | 71.82% |
| Mar 31, 2012 | 71.32% |
| Dec 31, 2011 | 68.05% |
| Sep 30, 2011 | 67.81% |
| Jun 30, 2011 | 71.83% |
| Mar 31, 2011 | 72.14% |
| Dec 31, 2010 | 67.94% |
| Sep 30, 2010 | 70.06% |
| Jun 30, 2010 | 71.89% |
| Mar 31, 2010 | 71.49% |
| Dec 31, 2009 | 69.76% |
| Sep 30, 2009 | 70.10% |
| Jun 30, 2009 | 71.60% |
| Mar 31, 2009 | 70.07% |