Moodys (MCO) Operating Expenses (2009 - 2026)
Moodys (MCO) reported Operating Expenses of $1.2 billion for Q1 2026, up 7.33% year-over-year from $1.1 billion in Q1 2025, and up 3.4% on a QoQ basis from $1.1 billion in Q4 2025.
Moodys (MCO) has 18 years of Operating Expenses data on file, last reported at $1.2 billion in Q1 2026.
- Quarterly Operating Expenses rose 7.33% year-over-year to $1.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.4 billion (up 3.25% YoY) and the FY2025 annual result came in at $4.4 billion, up 3.66% from the prior year.
- Operating Expenses improved to $1.2 billion in Q1 2026 per MCO's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.2 billion in Q1 2026 and bottomed at $862.0 million in Q3 2022.
- The 5-year median for Operating Expenses is $985.0 million (2024), against an average of $1.0 billion.
- Peak annual rise in Operating Expenses reached 16.09% in 2022, while the deepest fall reached 4.0% in 2022.
- Tracing MCO's Operating Expenses over 5 years: 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 gained by 3.4% to $1.2 billion in 2026.
- Per Business Quant, the three latest MCO Operating Expenses figures stand at $1.2 billion (Q1 2026), $1.1 billion (Q4 2025), and $1.1 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 2.34 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 570.40 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 1.31 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 750.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 1.43 Bn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 393.90 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 223.30 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 1.00 Bn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 426.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 752.00 Mn |
| Mar 31, 2021 | 747.00 Mn |
| Dec 31, 2020 | 846.00 Mn |
| Sep 30, 2020 | 714.00 Mn |
| Jun 30, 2020 | 725.00 Mn |
| Mar 31, 2020 | 698.00 Mn |
| Dec 31, 2019 | 729.00 Mn |
| Sep 30, 2019 | 691.00 Mn |
| Jun 30, 2019 | 731.00 Mn |
| Mar 31, 2019 | 680.00 Mn |
| Dec 31, 2018 | 684.00 Mn |
| Sep 30, 2018 | 614.00 Mn |
| Jun 30, 2018 | 641.10 Mn |
| Mar 31, 2018 | 635.90 Mn |
| Dec 31, 2017 | 699.70 Mn |
| Sep 30, 2017 | 614.40 Mn |
| Jun 30, 2017 | 540.40 Mn |
| Mar 31, 2017 | 528.50 Mn |
| Dec 31, 2016 | 1.40 Bn |
| Sep 30, 2016 | 519.60 Mn |
| Jun 30, 2016 | 518.70 Mn |
| Mar 31, 2016 | 512.00 Mn |
| Dec 31, 2015 | 532.80 Mn |
| Sep 30, 2015 | 485.20 Mn |
| Jun 30, 2015 | 498.80 Mn |
| Mar 31, 2015 | 494.30 Mn |
| Dec 31, 2014 | 532.80 Mn |
| Sep 30, 2014 | 466.40 Mn |
| Jun 30, 2014 | 461.80 Mn |
| Mar 31, 2014 | 434.20 Mn |
| Dec 31, 2013 | 467.30 Mn |
| Sep 30, 2013 | 414.00 Mn |
| Jun 30, 2013 | 405.20 Mn |
| Mar 31, 2013 | 451.40 Mn |
| Dec 31, 2012 | 494.00 Mn |
| Sep 30, 2012 | 418.80 Mn |
| Jun 30, 2012 | 362.30 Mn |
| Mar 31, 2012 | 377.80 Mn |
| Dec 31, 2011 | 395.00 Mn |
| Sep 30, 2011 | 335.20 Mn |
| Jun 30, 2011 | 335.10 Mn |
| Mar 31, 2011 | 327.00 Mn |
| Dec 31, 2010 | 367.70 Mn |
| Sep 30, 2010 | 324.40 Mn |
| Jun 30, 2010 | 287.30 Mn |
| Mar 31, 2010 | 279.80 Mn |
| Dec 31, 2009 | 306.90 Mn |
| Sep 30, 2009 | 279.30 Mn |
| Jun 30, 2009 | 263.50 Mn |
| Mar 31, 2009 | 260.00 Mn |