Moodys (MCO) Operating Expenses (2009 - 2026)
Moodys (MCO) posted quarterly Operating Expenses of $1.1 billion for Q2 2026, up 5.46% year-on-year from $1.1 billion in Q2 2025, and down 1.56% on a QoQ basis from $1.2 billion in Q1 2026.
Moodys (MCO) Operating Expenses (2009 - 2026) Analysis & Trends
Moodys (MCO) has reported Operating Expenses for 18 consecutive years, with $1.1 billion the latest figure, recorded in Q2 2026.
- Quarterly Operating Expenses rose 5.46% year-over-year to $1.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.5 billion (up 3.71% YoY) and the FY2025 annual result came in at $4.4 billion, up 3.66% from the prior year.
- Operating Expenses declined to $1.1 billion in Q2 2026 per MCO's latest filing, from $1.2 billion in the prior quarter.
- Over the last five years, Operating Expenses for MCO reached as high as $1.2 billion in Q1 2026 and fell as low as $862.0 million in Q3 2022.
- A 5-year average of $1.0 billion and a median of $1.0 billion in 2024 frame the typical range for Operating Expenses.
- The largest YoY upside for Operating Expenses was 16.09% in 2022 against a maximum downside of 4.0% in 2022.
- Year by year, Operating Expenses stood at $984.0 million in 2022, then dropped by 0.2% to $982.0 million in 2023, then advanced by 13.14% to $1.1 billion in 2024, then climbed by 0.72% to $1.1 billion in 2025, then rose by 1.79% to $1.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.1 billion, $1.2 billion, and $1.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | 2.34 Bn |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 599.10 Mn |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 1.14 Bn |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | 1.31 Bn |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 788.00 Mn |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | 1.43 Bn |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 379.50 Mn |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 223.30 Mn |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 1.00 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.14 Bn |
| Mar 31, 2026 | 1.16 Bn |
| Dec 31, 2025 | 1.12 Bn |
| Sep 30, 2025 | 1.09 Bn |
| Jun 30, 2025 | 1.08 Bn |
| Mar 31, 2025 | 1.08 Bn |
| Dec 31, 2024 | 1.11 Bn |
| Sep 30, 2024 | 1.08 Bn |
| Jun 30, 2024 | 1.04 Bn |
| Mar 31, 2024 | 985.00 Mn |
| Dec 31, 2023 | 982.00 Mn |
| Sep 30, 2023 | 937.00 Mn |
| Jun 30, 2023 | 944.00 Mn |
| Mar 31, 2023 | 916.00 Mn |
| Dec 31, 2022 | 984.00 Mn |
| Sep 30, 2022 | 862.00 Mn |
| Jun 30, 2022 | 873.00 Mn |
| Mar 31, 2022 | 866.00 Mn |
| Dec 31, 2021 | 1.03 Bn |
| Sep 30, 2021 | 850.00 Mn |