Moodys (MCO) Operating Expenses (2009 - 2026)

Moodys (MCO) posted quarterly Operating Expenses of $1.1 billion for Q2 2026, up 5.46% year-on-year from $1.1 billion in Q2 2025, and down 1.56% on a QoQ basis 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.

  • Quarterly Operating Expenses rose 5.46% year-over-year to $1.1 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.5 billion (up 3.71% YoY) and the FY2025 annual result came in at $4.4 billion, up 3.66% from the prior year.
  • Operating Expenses declined to $1.1 billion in Q2 2026 per MCO's latest filing, from $1.2 billion in the prior quarter.
  • Over the last five years, Operating Expenses for MCO reached as high as $1.2 billion in Q1 2026 and fell as low as $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 largest YoY upside for Operating Expenses was 16.09% in 2022 against a maximum downside of 4.0% in 2022.
  • Year by year, Operating Expenses stood at $984.0 million in 2022, then dropped by 0.2% to $982.0 million in 2023, then advanced by 13.14% to $1.1 billion in 2024, then climbed by 0.72% to $1.1 billion in 2025, then rose by 1.79% to $1.1 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $1.1 billion, $1.2 billion, and $1.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn - -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn 2.34 Bn
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn 599.10 Mn
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn 1.14 Bn
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 1.31 Bn
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 788.00 Mn
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn 1.43 Bn
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn 379.50 Mn
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 223.30 Mn
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn 1.00 Bn

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