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% quarter-over-quarter from $1.1 billion in Q4 2025.

Moodys (MCO) Operating Expenses (2009 - 2026) Analysis & Trends

Moodys (MCO) has 18 years of Operating Expenses data on file, last reported at $1.2 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $1.2 billion, up 7.33% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.4 billion (up 3.25% YoY), and the FY2025 annual result was $4.4 billion, up 3.66% from the prior year.
  • Operating Expenses climbed to $1.2 billion in Q1 2026 per MCO's latest filing, from $1.1 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 $985.0 million in 2024 frame the typical range for Operating Expenses.
  • On a YoY basis, Operating Expenses climbed as much as 16.09% in 2022 and fell as far as 4.0% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $984.0 million in 2022, then fell by 0.2% to $982.0 million in 2023, then grew by 13.14% to $1.1 billion in 2024, then increased by 0.72% to $1.1 billion in 2025, then climbed by 3.4% to $1.2 billion in 2026.
  • Business Quant data shows MCO's Operating Expenses at $1.2 billion in Q1 2026, $1.1 billion in Q4 2025, and $1.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 S&P Global 122.27 Bn 125.38 Bn 2.94 Bn 2.34 Bn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 570.40 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 1.16 Bn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 1.31 Bn
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 750.00 Mn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn 1.43 Bn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 393.90 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 223.30 Mn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 1.00 Bn
10 Factset Research Systems 8.21 Bn 7.92 Bn 314.28 Mn 426.06 Mn

Historic Data

Download Data
DateValue
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