Moodys (MCO) Operating Expenses (2009 - 2026)
Moodys (MCO) posted quarterly Operating Expenses of $1.1 billion for 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.
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.
- In Q2 2026, Operating Expenses rose 5.46% year-over-year to $1.1 billion; the TTM figure through Jun 2026 stood at $4.5 billion (up 3.71% YoY), while the FY2025 annual figure was $4.4 billion, up 3.66% from the prior year.
- Operating Expenses retreated to $1.1 billion in Q2 2026 per MCO's latest filing, from $1.2 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.
- Historically, Operating Expenses has averaged $1.0 billion across 5 years, with a median of $1.0 billion in 2024.
- On a YoY basis, Operating Expenses climbed as much as 16.09% in 2022 and fell as far as 4.0% in 2022.
- Moodys' Operating Expenses stood at $984.0 million in 2022, then retreated by 0.2% to $982.0 million in 2023, then increased by 13.14% to $1.1 billion in 2024, then rose by 0.72% to $1.1 billion in 2025, then climbed by 1.79% to $1.1 billion in 2026.
- Business Quant data shows MCO's Operating Expenses at $1.1 billion in Q2 2026, $1.2 billion in Q1 2026, and $1.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.33 Bn | 123.19 Bn | 2.98 Bn | 2.35 Bn |
| 2 | Cme | 99.16 Bn | 99.16 Bn | 1.65 Bn | 599.10 Mn |
| 3 | Intercontinental Exchange | 91.27 Bn | 89.32 Bn | - | 1.28 Bn |
| 4 | Moodys | 87.78 Bn | 86.28 Bn | 1.67 Bn | 1.14 Bn |
| 5 | Nasdaq | 55.43 Bn | 54.72 Bn | 1.50 Bn | 788.00 Mn |
| 6 | Coinbase Global | 49.55 Bn | 40.76 Bn | 1.16 Bn | 1.33 Bn |
| 7 | Msci | 41.31 Bn | 40.95 Bn | 717.10 Mn | 379.50 Mn |
| 8 | Cboe Global Markets | 31.55 Bn | 29.16 Bn | 731.60 Mn | 255.60 Mn |
| 9 | TransUnion | 16.39 Bn | 15.55 Bn | 765.00 Mn | 1.05 Bn |
| 10 | Factset Research Systems | 10.80 Bn | 10.49 Bn | 310.73 Mn | 456.62 Mn |
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 |