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| 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 |