Moodys (MCO) Operating Margin (2009 - 2026)
Moodys' (MCO) quarterly Operating Margin came in at 47.87% in Q2 2026, up 477.0% year-over-year from 8.3% in Q2 2025, and up 7.95% quarter-over-quarter from 44.35% in Q1 2026.
Analysis
Moodys (MCO) Operating Margin (2009 - 2026) Analysis & Trends
Moodys (MCO) has reported Operating Margin for 18 consecutive years, with 47.87% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin rose 477.0% year-over-year to 47.87% in Q2 2026; TTM through Jun 2026 was 44.79%, a 424.0% increase from a year earlier, with the FY2025 full-year figure at 43.42%, up 286.0% from the prior year.
- Operating Margin was 47.87% for Q2 2026 at Moodys, up from 44.35% in the prior quarter.
- Over five years, Operating Margin peaked at 47.87% in Q2 2026 and troughed at 23.72% in Q4 2022.
- A 5-year average of 39.33% and a median of 40.73% in 2025 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin slumped 1479 bps in 2022 and surged 993 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 23.72% in 2022, then surged by 42 bps to 33.65% in 2023, then slipped by 0 bps to 33.55% in 2024, then rose by 21 bps to 40.76% in 2025, then gained by 17 bps to 47.87% in 2026.
- The last three Operating Margin figures came in at 47.87% (Q2 2026), 44.35% (Q1 2026), and 40.76% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 123.21 Bn | 119.07 Bn | 2.98 Bn | 43.70% |
| 2 | Moodys | 82.09 Bn | 80.60 Bn | 1.67 Bn | 47.87% |
| 3 | Msci | 40.11 Bn | 39.75 Bn | 717.10 Mn | 56.23% |
| 4 | Verisk Analytics | 23.13 Bn | 22.58 Bn | 572.90 Mn | 45.11% |
| 5 | Factset Research Systems | 10.17 Bn | 9.86 Bn | 310.73 Mn | 26.70% |
| 6 | Morningstar | 7.41 Bn | 6.89 Bn | 423.90 Mn | 24.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.87% |
| Mar 31, 2026 | 44.35% |
| Dec 31, 2025 | 40.76% |
| Sep 30, 2025 | 45.69% |
| Jun 30, 2025 | 43.10% |
| Mar 31, 2025 | 43.97% |
| Dec 31, 2024 | 33.55% |
| Sep 30, 2024 | 40.71% |
| Jun 30, 2024 | 42.65% |
| Mar 31, 2024 | 44.85% |
| Dec 31, 2023 | 33.65% |
| Sep 30, 2023 | 36.35% |
| Jun 30, 2023 | 36.81% |
| Mar 31, 2023 | 37.69% |
| Dec 31, 2022 | 23.72% |
| Sep 30, 2022 | 32.39% |
| Jun 30, 2022 | 36.78% |
| Mar 31, 2022 | 43.10% |
| Dec 31, 2021 | 33.40% |
| Sep 30, 2021 | 44.30% |