What is Moody's's operating income?

Moody's (MCO) reported operating income of $922M in Q1 2026.

How has Moody's's operating income changed year-over-year?

Moody's's operating income increased by 9.0% year-over-year, from $846M to $922M.

What is the long-term trend for Moody's's operating income?

Over 4 years (2021 to 2025), Moody's's operating income has grown at a 4.2% compound annual growth rate (CAGR), from $2.84B to $3.35B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Moody's MCO Operating Income

Operating Income at other companies

S&P GlobalSPGI

$2B+26.9%

CoStar GroupCSGP

$3M+107%

MorningstarMORN

$155.9M+36.6%

MSCIMSCI

$456.9M+21.2%

Donnelley Financial SolutionsDFIN

$48.5M+5.9%

Verisk Analytics, Inc.VRSK

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Other financials

Income statement

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Revenue$2.1B+8.1%

Gross profit$1.5B+8.0%

Net income$661.0M+5.8%

EPS (diluted)$3.73+7.8%

Balance sheet

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Cash & equivalents$1.5B-31.3%

Total debt$7.3B+2.5%

Total equity$3.0B-19.1%

Total assets$14.7B-2.4%

Cash flow

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Operating cash flow$939.0M+24.0%

CapEx$95.0M+11.8%

Free cash flow$844.0M+25.6%

Valuation

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Market cap$76.66B-9.4%

Enterprise value$82.5B-7.9%

P/E30.7×-9.4×

P/S9.7×-2.0×

Profitability

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Gross margin74.4%+1.7pp

Operating margin43.5%+3.1pp

Net margin31.7%+2.5pp

FCF margin34.9%+0.3pp

Returns & leverage

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Return on equity74.5%+16.6pp

Debt / equity2.4×+0.5×

Current ratio1.2×-0.4×

Where this comes from

Reported directly by Moody's in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Moody's’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Moody's's operating income?: Moody's (MCO) reported operating income of $922M in Q1 2026.
How has Moody's's operating income changed year-over-year?: Moody's's operating income increased by 9.0% year-over-year, from $846M to $922M.
What is the long-term trend for Moody's's operating income?: Over 4 years (2021 to 2025), Moody's's operating income has grown at a 4.2% compound annual growth rate (CAGR), from $2.84B to $3.35B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.