Filing Flows › Moody's (MCO) › Operating margin
Moody's (MCO) operating margin by quarter
Moody's operating margin was 44.8% in Q3 2026 (third quarter 2026), -3.1 pts from Q2 2026. Over the last 7 quarters it ranged from 40.8% (Q4 2025) to 47.9% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 44.8% | -3.1 pts | -0.9 pts |
| Q2 2026 | 47.9% | +3.5 pts | +4.8 pts |
| Q1 2026 | 44.3% | +3.6 pts | +0.4 pts |
| Q4 2025 | 40.8% | -4.9 pts | — |
| Q3 2025 | 45.7% | +2.6 pts | — |
| Q2 2025 | 43.1% | -0.9 pts | — |
| Q1 2025 | 44.0% | — | — |
Q3 2026 at a glance
Moody's, Q3 2026: revenue $2.0B (+0.8% year over year), operating margin 44.8%, net earnings $736M, operating cash flow $753M. The chart follows the revenue to costs, profit and cash.
Questions
What is Moody's operating margin?
Moody's operating margin was 44.8% in Q3 2026 (third quarter 2026), -3.1 pts from Q2 2026.
How has Moody's operating margin changed?
Over the last 7 quarters it ranged from 40.8% (Q4 2025) to 47.9% (Q2 2026).