MCO Moody`s margins

Relative Growth: Rel. Growth: 78

Relative Strength: Rel. Strength: 55

Relative Valuation: Rel. Valuation: 36

Relative Profitability: Rel. Profitability: 97

Gross margin

74.6%

Operating margin

44.6%

EBITDA margin

53.8%

Net margin

35.3%

The Moody`s shows a gross margin of 74.6%, an operating margin of 44.6%, an EBITDA margin of 53.8%, and a net margin of 35.3%. Net margin drove the improvement across the available margins, increasing by 5.4 percentage points.

MCO margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Moody`s's margins averaged 73.34% gross, 41.23% operating, 48.36% EBITDA, and 30.16% net. All four current margins are above their three-year averages.

MCO margin expansion

Year-over-year margin changes in percentage points

All available margins expanded year over year, led by net margin with an increase of 5.4 percentage points.

Gross margin expansion

0.8pp

Operating margin expansion

2.7pp

EBITDA margin expansion

4.9pp

Net margin expansion

5.4pp

MCO Gross margin

Across the last 3 years, Moody`s recorded an average gross margin of 73.34%. The current gross margin stands at 74.6%, 1.3 percentage points above its three-year average. The highest gross margin for Moody`s was 75% in Jun 2026, while the lowest was 71.5% in Dec 2023.

MCO Operating margin

Over the last 3 years, the average operating margin for Moody`s was 41.23%. Moody`s's current operating margin is 44.6% and is 3.4 percentage points above its three-year average. Moody`s's operating margin ranged from a low of 36.1% in Dec 2023 to a high of 44.8% in Jun 2026.

MCO EBITDA margin

Moody`s's EBITDA margin averaged 48.36% over the last 3 years. Compared with its three-year average, Moody`s's current EBITDA margin is 53.8% and is 5.4 percentage points above its three-year average. Over the last 3 years, Moody`s's EBITDA margin peaked at 53.8% in Sep 2026 and reached a low of 43.2% in Dec 2023.

MCO Net margin

Across the last 3 years, Moody`s had an average net margin of 30.16%. Against its three-year average, Moody`s's net margin is currently 35.3%, 5.1 percentage points above its three-year average. Looking back over the last 3 years, Moody`s's net margin reached 35.3% at its highest point in Sep 2026 and 27% at its lowest in Mar 2024.

MCO margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 74.6%, MCO stands above the industry average but below the Financial Services sector average. Compared to its Financial Services sector average of 83.7%, Moody`s's gross margin is 11% lower.

MCO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Moody`s's gross margin?

The current gross margin for MCO is 74.6% as of Sep 30, 2026.

What is Moody`s's operating margin?

As of Sep 30, 2026, MCO has an operating margin of 44.6%.

What is Moody`s's EBITDA margin?

For the period ending Sep 30, 2026, MCO recorded an EBITDA margin of 53.8%.

What is Moody`s's net margin?

For the period ending Sep 30, 2026, MCO recorded a net margin of 35.3%.

What are the average margins of MCO?

Across the last 3 years, MCO averaged 73.3% gross, 41.2% operating, 48.4% EBITDA, and 30.2% net.

What are the highest historical margins of MCO?

Over this 5-year history, MCO peaked at 75% gross in Jun 2026, 45.7% operating in Dec 2021, 53.8% EBITDA in Sep 2026, and 35.6% net in Dec 2021.

What are the lowest historical margins of MCO?

Looking back across 5 years, MCO reached its lowest margins at 70% gross in Mar 2023, 32.9% operating in Mar 2023, 41.1% EBITDA in Mar 2023, and 25.1% net in Dec 2022.