Moody's profit margin MCO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 34.3%
- Operating margin, 12 months
- 44.8%
- Net margin on a year earlier
- +5.1 pts
- Peer median
- 28.4%
Over the twelve months to Jun 30, 2026, Moody's kept 34.3% of its revenue as net profit, with an operating margin of 44.8% and a gross margin of 75.0%.
Five years earlier its net margin was 36.1%.
The median for 8 financial data and exchange stocks of a similar size is 28.4%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 31.9% | 43.4% | 74.4% |
| FY2024 | 29.0% | 40.6% | 72.6% |
| FY2023 | 27.2% | 36.1% | 71.5% |
| FY2022 | 25.1% | 34.4% | 70.5% |
| FY2021 | 35.6% | 45.7% | 73.7% |
| FY2020 | 33.1% | 44.5% | 72.5% |
| FY2019 | 29.4% | 41.4% | 71.3% |
| FY2018 | 29.5% | 42.0% | n/a |
| FY2017 | 23.8% | 43.3% | n/a |
| FY2016 | 7.4% | 17.7% | n/a |
| FY2015 | 27.0% | 42.3% | n/a |
| FY2014 | 29.7% | 43.2% | n/a |
| FY2013 | 27.1% | 41.5% | n/a |
| FY2012 | 25.3% | 39.5% | n/a |
| FY2011 | 25.1% | 39.0% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 34.3% | +5.1 pts | 44.8% | |
| Q1 FY26 | 31.7% | +2.5 pts | 43.5% | |
| Q4 FY25 | 31.9% | +2.8 pts | 43.4% | |
| Q3 FY25 | 29.9% | +0.9 pts | 41.9% | |
| Q2 FY25 | 29.2% | +0.8 pts | 40.6% | |
| Q1 FY25 | 29.1% | +2.1 pts | 40.4% | |
| Q4 FY24 | 29.0% | +1.9 pts | 40.6% | |
| Q3 FY24 | 29.0% | +2.6 pts | 40.8% | |
| Q2 FY24 | 28.3% | +2.5 pts | 39.8% | |
| Q1 FY24 | 27.0% | +1.6 pts | 38.3% | |
| Q4 FY23 | 27.2% | +2.0 pts | 36.1% | |
| Q3 FY23 | 26.4% | −0.8 pts | 34.0% |
Against its peers
Companies in Financial - Data & Stock Exchanges nearest Moody's' size, closest first, today.
| Company | Profit margin |
|---|---|
| MCOMoody's | 34.3% |
| ICEIntercontinental Exchange | 30.1% |
| CMECME | 63.9% |
| NDAQNasdaq | 22.5% |
| SPGIS&P Global | 30.5% |
| MSCIMSCI | 40.7% |
| COINCoinbase Global | −15.7% |
| CBOECboe Global Markets | 26.7% |
| TRUTransUnion | 15.1% |
| Peer median | 28.4% |
Where Moody's ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Moody's
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.