Operating Income for Moody's (MCO)
According to Moody's's latest reported financial statements, the company's current operating income (TTM) is $3.48B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MCO
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.48B
YoY change
+16.3%
5Y CAGR
+7.1%
Peak year (2025)
$3.46B
Cumulative operating income
$38.48B
Operating Income history chart for Moody's (MCO) from 1998 to 2025
Operating Income history table for Moody's (MCO) from 1998 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.46B | +16.3% | ||
| 2024 | $2.97B | +33.8% | ||
| 2023 | $2.22B | +11.2% | ||
| 2022 | $2.00B | -29.8% | ||
| 2021 | $2.84B | +16.2% | ||
| 2020 | $2.45B | +17.9% | ||
| 2019 | $2.08B | +7.8% | ||
| 2018 | $1.93B | +4.4% | ||
| 2017 | $1.84B | +21.7% | ||
| 2016 | $1.51B | +2.8% | ||
| 2015 | $1.47B | +2.0% | ||
| 2014 | $1.44B | +16.2% | ||
| 2013 | $1.24B | +14.0% | ||
| 2012 | $1.09B | +22.6% | ||
| 2011 | $888.90M | +14.9% | ||
| 2010 | $773.90M | +10.1% | ||
| 2009 | $703.10M | -5.7% | ||
| 2008 | $745.70M | -36.9% | ||
| 2007 | $1.18B | +7.5% | ||
| 2006 | $1.10B | +17.0% | ||
| 2005 | $939.60M | +19.5% | ||
| 2004 | $786.40M | +18.6% | ||
| 2003 | $663.10M | +23.2% | ||
| 2002 | $538.10M | +35.0% | ||
| 2001 | $398.50M | +38.1% | ||
| 2000 | $288.50M | -39.9% | ||
| 1999 | $480.10M | +7.0% | ||
| 1998 | $448.70M | — |
Operating Income values are taken from Moody's's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Moody's (MCO) reported operating income of $3.46B – grew 16.3% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Moody's operating income compounded at +7.1% per year, sustaining 3 straight years of year-over-year growth.
$3.46B stands as the all-time-high annual operating income, posted in 2025, against a low of $288.50M during 2000.
Among 8 Financial Services peers, Moody's (MCO) ranks 9th; the peer median for operating income is $24.60B.
Moody's Operating Income by Year
Moody's Operating Income 2025: $3.46B
Moody's operating income in 2025 was $3.46B, grew 16.3% from 2024. This figure represents the highest annual value in the available history.
Moody's Operating Income 2024: $2.97B
Moody's operating income in 2024 was $2.97B, surged 33.8% from 2023.
Moody's Operating Income 2023: $2.22B
Moody's operating income in 2023 was $2.22B, grew 11.2% from 2022.
Moody's Operating Income 2022: $2.00B
Moody's operating income in 2022 was $2.00B, declined 29.8% below 2021.
Moody's Operating Income 2021: $2.84B
Moody's operating income in 2021 was $2.84B.
See more financial history for Moody's (MCO).
Sector peers — Operating Income
Companies in the same sector as Moody's, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is Moody's's operating income?
- Latest reported operating income for Moody's (MCO) is $3.48B (period ending March 31, 2026).
How has Moody's operating income changed year-over-year?
- Moody's (MCO) operating income changed +16.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Moody's operating income?
- Moody's (MCO) operating income compound annual growth rate is +7.1% over the most recent 5 years available.
When did Moody's operating income hit its highest annual value?
- Moody's operating income reached its highest annual value of $3.46B in 2025.
What was Moody's operating income in 2024?
- Moody's (MCO) operating income in 2024 was $2.97B.
What was Moody's operating income in 2025?
- Moody's (MCO) operating income in 2025 was $3.46B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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