Moodys (MCO) Operating Leases (2019 - 2026)
Moodys (MCO) recorded Operating Leases of $488 million in Q3 2026, up 73.0% from $282 million a year earlier and up 1.0% from the prior quarter.
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Analysis
Moodys (MCO) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Moodys reported Operating Leases of $262 million, up 21.3% from FY2024.
- Annual Operating Leases has a five-year compound annual growth rate of -9.3% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $216 million in FY2024 (-29.4%), $306 million in FY2023 (-16.8%), $368 million in FY2022 (-19.1%) and $455 million in FY2021 (+6.6%).
- The Q3 2026 figure is the highest quarterly Operating Leases since Q3 2019.
- On a year-over-year basis, Operating Leases has increased for five consecutive quarters, with growth averaging 23.4% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 125.7% in Q2 2026, against a decline of 29.4% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $483 million (Q2 2026), $256 million (Q1 2026) and $262 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Msci | 236.00 Bn | 234.48 Bn | 739.80 Mn |
| 2 | S&P Global | 137.30 Bn | 132.50 Bn | 2.64 Bn |
| 3 | Moodys | 87.63 Bn | 80.69 Bn | 1.50 Bn |
| 4 | Verisk Analytics | 26.66 Bn | 22.85 Bn | 567.00 Mn |
| 5 | Equifax | 22.03 Bn | 21.43 Bn | 940.10 Mn |
| 6 | TransUnion | 15.46 Bn | 12.30 Bn | - |
| 7 | Factset Research Systems | 11.73 Bn | 10.58 Bn | 308.40 Mn |
| 8 | Morningstar | 9.14 Bn | 7.03 Bn | 431.40 Mn |
| 9 | Mastercard | 572.29 Bn | 532.37 Bn | - |
| 10 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 488.00 Mn |
| Jun 30, 2026 | 483.00 Mn |
| Mar 31, 2026 | 256.00 Mn |
| Dec 31, 2025 | 262.00 Mn |
| Sep 30, 2025 | 282.00 Mn |
| Jun 30, 2025 | 214.00 Mn |
| Mar 31, 2025 | 210.00 Mn |
| Dec 31, 2024 | 216.00 Mn |
| Sep 30, 2024 | 245.00 Mn |
| Jun 30, 2024 | 254.00 Mn |
| Mar 31, 2024 | 280.00 Mn |
| Dec 31, 2023 | 306.00 Mn |
| Sep 30, 2023 | 316.00 Mn |
| Jun 30, 2023 | 344.00 Mn |
| Mar 31, 2023 | 349.00 Mn |
| Dec 31, 2022 | 368.00 Mn |
| Sep 30, 2022 | 389.00 Mn |
| Jun 30, 2022 | 421.00 Mn |
| Mar 31, 2022 | 440.00 Mn |
| Dec 31, 2021 | 455.00 Mn |
API Access
Moodys Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=MCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "MCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=MCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();