Moodys MCO
NYSE MCO
$467.38 -7.20 (-1.52%)
As of: Sep 10, 2026 · 3:59 PM EDT

Moodys (MCO) Operating Expenses (2009 - 2026)

Moodys' (MCO) quarterly Operating Expenses came in at $1.1 billion in Q2 2026, up 5.46% year-over-year from $1.1 billion in Q2 2025, and down 1.56% quarter-over-quarter from $1.2 billion in Q1 2026.

Analysis

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.

  • On a quarterly basis, Operating Expenses rose 5.46% year-over-year to $1.1 billion in Q2 2026; TTM through Jun 2026 was $4.5 billion, a 3.71% increase from a year earlier, with the FY2025 full-year figure at $4.4 billion, up 3.66% from the prior year.
  • Operating Expenses was $1.1 billion for Q2 2026 at Moodys, down from $1.2 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $1.2 billion in Q1 2026 and troughed at $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 widest YoY moves for Operating Expenses: up 16.09% in 2022, down 4.0% in 2022.
  • Over 5 years, Operating Expenses stood at $984.0 million in 2022, then declined by 0.2% to $982.0 million in 2023, then climbed by 13.14% to $1.1 billion in 2024, then grew by 0.72% to $1.1 billion in 2025, then gained by 1.79% to $1.1 billion in 2026.
  • The last three Operating Expenses figures came in at $1.1 billion (Q2 2026), $1.2 billion (Q1 2026), and $1.1 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 S&P Global 121.34 Bn 117.20 Bn 2.98 Bn 2.35 Bn
2 Moodys 81.34 Bn 79.84 Bn 1.67 Bn 1.14 Bn
3 Msci 39.85 Bn 39.49 Bn 717.10 Mn 379.50 Mn
4 Verisk Analytics 22.97 Bn 22.42 Bn 572.90 Mn 442.60 Mn
5 Factset Research Systems 9.48 Bn 9.17 Bn 310.73 Mn 456.62 Mn
6 Morningstar 7.30 Bn 6.77 Bn 423.90 Mn 509.40 Mn
Historic Data

Historic Data

Download Data
DateValue
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