Moody's MA — Non-Compensation Expense increased by 6.3% to $202.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.2%, from $192.00M to $202.00M. 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.
Rising non-compensation expenses relative to revenue may indicate increased investment in technology or inefficient overhead management.
Encompasses all operating expenses for the Moody's Analytics segment excluding personnel costs, such as technology infra...
Comparable to 'General and Administrative' or 'Operating Expenses' excluding payroll at peer technology and data companies.
mco_segment_ma_non_compensation_expense| 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 | $177.00M | $177.00M | $177.00M | $177.00M | $180.00M | $191.00M | $183.00M | $177.00M | $192.00M | $200.00M | $197.00M | $190.00M | $202.00M |
| 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% |