MA — Non-Compensation Expense
Moody's MA — Non-Compensation Expense increased by 6.3% to $202M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.2%, from $192M to $202M. Over 3 years (FY 2022 to FY 2025), MA — Non-Compensation Expense shows an upward trend with a 6.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising non-compensation expenses relative to revenue may indicate increased investment in technology or inefficient overhead management.
Detailed definition
Encompasses all operating expenses for the Moody's Analytics segment excluding personnel costs, such as technology infra...
Peer comparison
Comparable to 'General and Administrative' or 'Operating Expenses' excluding payroll at peer technology and data companies.
mco_segment_ma_non_compensation_expenseHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $161.75M | $161.75M | $161.75M | $161.75M | $177M | $177M | $177M | $177M | $180M | $191M | $183M | $177M | $192M | $200M | $197M | $190M | $202M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +9.4% | +0.0% | +0.0% | +0.0% | +1.7% | +6.1% | -4.2% | -3.3% | +8.5% | +4.2% | -1.5% | -3.6% | +6.3% |
| YoY Change | — | — | — | — | +9.4% | +9.4% | +9.4% | +9.4% | +1.7% | +7.9% | +3.4% | +0.0% | +6.7% | +4.7% | +7.7% | +7.3% | +5.2% |
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Frequently Asked Questions
- What is Moody's's ma — non-compensation expense?
- Moody's (MCO) reported ma — non-compensation expense of $202M in Q1 2026.
- How has Moody's's ma — non-compensation expense changed year-over-year?
- Moody's's ma — non-compensation expense increased by 5.2% year-over-year, from $192M to $202M.
- What is the long-term trend for Moody's's ma — non-compensation expense?
- Over 3 years (2022 to 2025), Moody's's ma — non-compensation expense has grown at a 6.4% compound annual growth rate (CAGR), from $647M to $779M.
- What does ma — non-compensation expense mean?
- Operating costs for the Moody's Analytics segment excluding employee compensation.