Moodys (MCO) Net Margin (2009 - 2026)
Moodys (MCO) reported Net Margin of 31.79% for Q1 2026, down 69.0% year-over-year from 102.56% in Q1 2025, and down 1.7% on a QoQ basis from 32.35% in Q4 2025.
Moodys (MCO) has 18 years of Net Margin data on file, last reported at 31.79% in Q1 2026.
- Quarterly Net Margin fell 69.0% year-over-year to 31.79% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 31.73% (up 257.0% YoY) and the FY2025 annual result came in at 31.9%, up 285.0% from the prior year.
- Net Margin fell to 31.79% in Q1 2026 per MCO's latest filing, from 32.35% in the prior quarter.
- Across five years, Net Margin topped out at 34.08% in Q1 2023 and bottomed at 19.07% in Q4 2022.
- The 5-year median for Net Margin is 30.43% (2024), against an average of 28.42%.
- The widest annual swing landed in 2022, when Net Margin slumped 1348 bps; it then surged 872 bps in 2025.
- Tracing MCO's Net Margin over 5 years: stood at 19.07% in 2022, then grew by 20 bps to 22.97% in 2023, then increased by 3 bps to 23.62% in 2024, then soared by 37 bps to 32.35% in 2025, then fell by 2 bps to 31.79% in 2026.
- Per Business Quant, the three latest MCO Net Margin figures stand at 31.79% (Q1 2026), 32.35% (Q4 2025), and 32.24% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 36.06% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 62.12% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 48.10% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 31.79% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 24.29% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -27.89% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 47.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 30.18% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 32.15% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 21.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 31.79% |
| Dec 31, 2025 | 32.35% |
| Sep 30, 2025 | 32.24% |
| Jun 30, 2025 | 30.51% |
| Mar 31, 2025 | 32.48% |
| Dec 31, 2024 | 23.62% |
| Sep 30, 2024 | 29.45% |
| Jun 30, 2024 | 30.43% |
| Mar 31, 2024 | 32.31% |
| Dec 31, 2023 | 22.97% |
| Sep 30, 2023 | 26.49% |
| Jun 30, 2023 | 25.23% |
| Mar 31, 2023 | 34.08% |
| Dec 31, 2022 | 19.07% |
| Sep 30, 2022 | 23.76% |
| Jun 30, 2022 | 23.68% |
| Mar 31, 2022 | 32.72% |
| Dec 31, 2021 | 27.75% |
| Sep 30, 2021 | 31.06% |
| Jun 30, 2021 | 37.15% |
| Mar 31, 2021 | 33.81% |
| Dec 31, 2020 | 9.30% |
| Sep 30, 2020 | 20.35% |
| Jun 30, 2020 | 22.16% |
| Mar 31, 2020 | 20.93% |
| Dec 31, 2019 | 11.60% |
| Sep 30, 2019 | 12.77% |
| Jun 30, 2019 | 25.62% |
| Mar 31, 2019 | 32.75% |
| Dec 31, 2018 | 5.31% |
| Sep 30, 2018 | 28.86% |
| Jun 30, 2018 | 32.16% |
| Mar 31, 2018 | 33.43% |
| Dec 31, 2017 | 2.47% |
| Sep 30, 2017 | 30.08% |
| Jun 30, 2017 | 31.34% |
| Mar 31, 2017 | 35.47% |
| Dec 31, 2016 | -49.11% |
| Sep 30, 2016 | 27.98% |
| Jun 30, 2016 | 27.79% |
| Mar 31, 2016 | 22.86% |
| Dec 31, 2015 | 27.54% |
| Sep 30, 2015 | 28.00% |
| Jun 30, 2015 | 28.77% |
| Mar 31, 2015 | 26.72% |
| Dec 31, 2014 | 30.92% |
| Sep 30, 2014 | 26.77% |
| Jun 30, 2014 | 37.14% |
| Mar 31, 2014 | 28.90% |
| Dec 31, 2013 | -15.86% |
| Sep 30, 2013 | 26.48% |
| Jun 30, 2013 | 30.21% |
| Mar 31, 2013 | 26.11% |
| Dec 31, 2012 | -70.56% |
| Sep 30, 2012 | 27.09% |
| Jun 30, 2012 | 27.42% |
| Mar 31, 2012 | 27.13% |
| Dec 31, 2011 | 17.30% |
| Sep 30, 2011 | 24.86% |
| Jun 30, 2011 | 31.51% |
| Mar 31, 2011 | 27.22% |
| Dec 31, 2010 | -44.60% |
| Sep 30, 2010 | 26.73% |
| Jun 30, 2010 | 25.66% |
| Mar 31, 2010 | 24.07% |
| Dec 31, 2009 | -32.11% |
| Sep 30, 2009 | 22.51% |
| Jun 30, 2009 | 24.63% |
| Mar 31, 2009 | 22.28% |