Business Segments · Non-Compensation Expense
MIS — Non-Compensation Expense
Moody's MIS — Non-Compensation Expense decreased by 22.2% to $91M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 5.2%, from $96M to $91M. Over 3 years (FY 2022 to FY 2025), MIS — Non-Compensation Expense shows relatively stable performance with a -1.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026Apr 23, 2026
How to read this metric
Lower expenses relative to revenue indicate better operational efficiency and cost management.
Detailed definition
Encompasses all operating expenses for the credit ratings segment excluding personnel costs, such as technology infrastr...
Peer comparison
Comparable to 'General and Administrative Expenses' or 'Non-Personnel Operating Costs' in peer financial reports.
Metric ID:
mco_segment_mis_non_compensation_expenseHistorical Data
17 periods
| 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 | $109.25M | $109.25M | $109.25M | $109.25M | $92.5M | $92.5M | $92.5M | $92.5M | $91M | $111M | $95M | $113M | $96M | $97M | $113M | $117M | $91M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -15.3% | +0.0% | +0.0% | +0.0% | -1.6% | +22.0% | -14.4% | +18.9% | -15.0% | +1.0% | +16.5% | +3.5% | -22.2% |
| YoY Change | — | — | — | — | -15.3% | -15.3% | -15.3% | -15.3% | -1.6% | +20.0% | +2.7% | +22.2% | +5.5% | -12.6% | +18.9% | +3.5% | -5.2% |
Range$91M – $117M
CAGR-4.5%
Avg YoY Growth-0.6%
Median YoY Growth-1.6%
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Frequently Asked Questions
- What is Moody's's mis — non-compensation expense?
- Moody's (MCO) reported mis — non-compensation expense of $91M in Q1 2026.
- How has Moody's's mis — non-compensation expense changed year-over-year?
- Moody's's mis — non-compensation expense decreased by 5.2% year-over-year, from $96M to $91M.
- What is the long-term trend for Moody's's mis — non-compensation expense?
- Over 3 years (2022 to 2025), Moody's's mis — non-compensation expense has grown at a -1.1% compound annual growth rate (CAGR), from $437M to $423M.
- What does mis — non-compensation expense mean?
- Operating costs for the credit ratings segment excluding employee compensation.