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Moody's MCO Operating margin

Operating margin at other companies

S&P Global logo
S&P GlobalSPGI
44.4%+4.5pp
CoStar Group logo
CoStar GroupCSGP
-2.7%-3.9pp
Morningstar logo
MorningstarMORN
23.5%+1.3pp
MSCI logo
MSCIMSCI
55.7%+1.8pp
Fair Isaac logo
Fair IsaacFICO
51.7%+5.8pp
MicroStrategy logo
MicroStrategyMSTR
518.9%

Other financials

Income statement

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Revenue$2.2B+15.1%
Gross profit$1.7B+18.3%
Operating income$1.0B+27.9%
Net income$878.0M+51.9%
EPS (diluted)$5.03+56.7%

Balance sheet

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Cash & equivalents$1.5B-32.5%
Total debt$7.5B+3.3%
Total equity$3.0B-23.4%
Total assets$14.7B-5.2%

Cash flow

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Operating cash flow$779.0M+43.5%
CapEx$91.0M+21.3%
Free cash flow$688.0M+47.0%

Valuation

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Market cap$82.85B-11.1%
Enterprise value$88.9B-9.6%
P/E29.6×-14.1×
P/S10.2×-2.6×

Profitability

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Gross margin75%+2.2pp
Net margin34.3%+5.1pp
FCF margin36.4%+3.9pp

Returns & leverage

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Return on equity80.2%+25.0pp
Debt / equity2.5×+0.6×
Current ratio1.2×-0.6×

Where this comes from

Calculated from Moody's’s reported figures.

Based on trailing twelve months.

The source filing: Moody's’s 10-Q, filed July 23, 2026. Open the filing →

Filed
Jul 23, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-049398

FAQ

What is Moody's's operating margin?
Moody's (MCO) reported operating margin of 44.8% in Q2 2026.
How has Moody's's operating margin changed year-over-year?
Moody's's operating margin increased by 10.5% year-over-year, from 40.6% to 44.8%.
What is the long-term trend for Moody's's operating margin?
Over 5 years (2020 to 2025), Moody's's operating margin has grown at a -0.5% compound annual growth rate (CAGR), from 44.5% to 43.4%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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