Moodys (MCO) Operating Expenses (2009 - 2026)

Over the trailing twelve months to Jun 30, 2026, Moodys reported Operating Expenses of $4.51 billion, up 3.7% year-over-year; for FY2025, it came in at $4.37 billion, up 3.7% from FY2024.

• Operating Expenses has increased in each of the last eight years, with a five-year compound annual growth rate of 7.9% (FY2020 to FY2025).
• Going back by year, Operating Expenses was $4.21 billion in FY2024 (+11.5%), $3.78 billion in FY2023 (+5.4%), $3.59 billion in FY2022 (+6.3%) and $3.37 billion in FY2021 (+13.1%).
• The five-year range for quarterly Operating Expenses is $850 million (Q3 2021) to $1.16 billion (Q1 2026).
• Year-over-year, Operating Expenses has increased for ten consecutive quarters, with growth averaging 7.0% over the last eight quarters.
• The fastest year-over-year change in Operating Expenses over five years came in Q4 2021 (growth of 21.2%), and the weakest in Q4 2022 (a decline of 4.0%).
• Business Quant data shows MCO's Operating Expenses at $1.16 billion (Q1 2026), $1.12 billion (Q4 2025) and $1.09 billion (Q3 2025) in the three quarters before Q2 2026.