Moodys (MCO) Operating Margin (2009 - 2026)
Moodys (MCO) posted quarterly Operating Margin of 47.87% for 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.
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.
- In Q2 2026, Operating Margin rose 477.0% year-over-year to 47.87%; the TTM figure through Jun 2026 stood at 44.79% (up 424.0% YoY), while the FY2025 annual figure was 43.42%, up 286.0% from the prior year.
- Operating Margin rose to 47.87% in Q2 2026 per MCO's latest filing, from 44.35% in the prior quarter.
- Across five years, Operating Margin topped out at 47.87% in Q2 2026 and bottomed at 23.72% in Q4 2022.
- Historically, Operating Margin has averaged 39.33% across 5 years, with a median of 40.73% in 2025.
- Annual changes were most pronounced in 2022 — Operating Margin sank 1479 bps — and 2023, when it soared 993 bps.
- Moodys' Operating Margin stood at 23.72% in 2022, then jumped by 42 bps to 33.65% in 2023, then declined by 0 bps to 33.55% in 2024, then advanced by 21 bps to 40.76% in 2025, then climbed by 17 bps to 47.87% in 2026.
- Business Quant data shows MCO's Operating Margin at 47.87% in Q2 2026, 44.35% in Q1 2026, and 40.76% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.61 Bn | 123.47 Bn | 2.98 Bn | 43.70% |
| 2 | Cme | 97.52 Bn | 97.52 Bn | 1.65 Bn | 64.89% |
| 3 | Intercontinental Exchange | 89.57 Bn | 87.62 Bn | - | 38.52% |
| 4 | Moodys | 86.76 Bn | 85.26 Bn | 1.67 Bn | 47.87% |
| 5 | Nasdaq | 54.95 Bn | 54.24 Bn | 1.50 Bn | 28.12% |
| 6 | Coinbase Global | 45.29 Bn | 36.50 Bn | 1.16 Bn | -9.30% |
| 7 | Msci | 41.31 Bn | 40.96 Bn | 717.10 Mn | 56.23% |
| 8 | Cboe Global Markets | 30.95 Bn | 28.56 Bn | 731.60 Mn | 32.99% |
| 9 | TransUnion | 16.34 Bn | 15.50 Bn | 765.00 Mn | 19.70% |
| 10 | Factset Research Systems | 10.81 Bn | 10.51 Bn | 310.73 Mn | 26.70% |
Historic Data
Download 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% |