Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating margin high or low?
The operating margin of 45.10% is in line with its 5-year average of 41.04%, around the middle of its 5-year range (30.08%–51.58%).
0.49% above its 12-month average of 44.88%.
Reported quarterly operating margin; no daily interpolation. Q2 FY2026 (2026-06-30): 47.87%.
OPERATING MARGIN
45.10%
OPERATING MARGIN AVG TTM
44.88%
OPERATING MARGIN AVG 3Y
42.26%
OPERATING MARGIN AVG 5Y
41.04%
OPERATING MARGIN AVG 10Y
42.93%
OPERATING MARGIN AVG 15Y
42.21%
OPERATING MARGIN AVG 20Y
42.02%
CURRENT VS TTM AVG
+0.49%
CURRENT VS 3Y AVG
+6.71%
CURRENT VS 5Y AVG
+9.88%
CURRENT VS 10Y AVG
+5.05%
CURRENT VS 15Y AVG
+6.84%
CURRENT VS 20Y AVG
+7.34%
SECTOR MEDIAN · FINANCIAL SERVICES
23.64%
median of 103 covered companies
CURRENT VS SECTOR MEDIAN
+90.78%
vs the sector median at left
Moody's Corporation
Market Cap
$82.29B
Operating Margin
45.10%
TTM Avg
44.88%
3Y Avg
42.26%
5Y Avg
41.04%
Market Cap
$84.42B
Operating Margin
21.62%
TTM Avg
23.42%
3Y Avg
22.68%
5Y Avg
21.71%
Market Cap
$85.37B
Operating Margin
28.56%
TTM Avg
24.76%
3Y Avg
19.95%
5Y Avg
18.38%
Market Cap
$78.26B
Operating Margin
21.33%
TTM Avg
14.64%
3Y Avg
11.63%
5Y Avg
11.57%
Market Cap
$88.36B
Operating Margin
44.92%
TTM Avg
37.69%
3Y Avg
37.61%
5Y Avg
37.47%
Market Cap
$75.46B
Operating Margin
60.60%
TTM Avg
67.62%
3Y Avg
71.63%
5Y Avg
69.74%
Market Cap
$74.29B
Operating Margin
24.13%
TTM Avg
28.77%
3Y Avg
9.12%
5Y Avg
18.04%
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Moody's Corporation (MCO) | $82.29B | 45.10% | 44.88% | 42.26% | 41.04% |
| Marsh & McLennan Companies, Inc. (MRSH)vs › | $84.42B | 21.62% | 23.42% | 22.68% | 21.71% |
| iShares Russell 2000 ETF (IWM)vs › | $79.46B | N/A | N/A | N/A | N/A |
| Brookfield Corporation (BN)vs › | $85.37B | 28.56% | 24.76% | 19.95% | 18.38% |
| The Travelers Companies, Inc. (TRV)vs › | $78.26B | 21.33% | 14.64% | 11.63% | 11.57% |
| Intercontinental Exchange, Inc. (ICE)vs › | $88.36B | 44.92% | 37.69% | 37.61% | 37.47% |
| Brookfield Asset Management Ltd. (BAM)vs › | $75.46B | 60.60% | 67.62% | 71.63% | 69.74% |
| Apollo Global Management, Inc. (APO)vs › | $74.29B | 24.13% | 28.77% | 9.12% | 18.04% |
| KKR & Co. Inc. (KKR)vs › | $90.76B | 7.84% | 3.42% | 3.89% | 12.83% |
| VanEck Semiconductor ETF (SMH)vs › | $71.66B | N/A | N/A | N/A | N/A |
Gross Margin
71.9%
Operating Margin
45.1%
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING MARGIN |
|---|---|
| 2026-06-30 | 47.87% |
| 2026-03-31 | 44.35% |
| 2025-12-31 | 42.09% |
| 2025-09-30 | 45.69% |
| 2025-06-30 | 44.42% |
| 2025-03-31 | 45.84% |
| 2024-12-31 | 37.14% |
| 2024-09-30 | 41.86% |
| 2024-06-30 | 43.53% |
| 2024-03-31 | 44.90% |
| 2023-12-31 | 36.08% |
| 2023-09-30 | 38.18% |
| 2023-06-30 | 37.48% |
| 2023-03-31 | 38.64% |
| 2022-12-31 | 30.08% |
| 2022-09-30 | 32.47% |
| 2022-06-30 | 39.03% |
| 2022-03-31 | 43.10% |
| 2021-12-31 | 33.27% |
| 2021-09-30 | 44.30% |
| 2021-06-30 | 51.58% |
| 2021-03-31 | 53.44% |
| 2020-12-31 | 36.74% |
| 2020-09-30 | 49.04% |
| 2020-06-30 | 49.34% |
| 2020-03-31 | 46.51% |
| 2019-12-31 | 41.28% |
| 2019-09-30 | 44.32% |
| 2019-06-30 | 45.15% |
| 2019-03-31 | 41.03% |
| 2018-12-31 | 40.52% |
| 2018-09-30 | 43.31% |
| 2018-06-30 | 45.61% |
| 2018-03-31 | 43.63% |
| 2017-12-31 | 40.44% |
| 2017-09-30 | 43.15% |
| 2017-06-30 | 46.65% |
| 2017-03-31 | 45.47% |
| 2016-12-31 | 41.47% |
| 2016-09-30 | 44.26% |
| 2016-06-30 | 44.16% |
| 2016-03-31 | 37.26% |
| 2015-12-31 | 38.47% |
| 2015-09-30 | 41.89% |
| 2015-06-30 | 45.67% |
| 2015-03-31 | 42.90% |
| 2014-12-31 | 39.28% |
| 2014-09-30 | 42.85% |
| 2014-06-30 | 47.13% |
| 2014-03-31 | 43.40% |
| 2013-12-31 | 40.03% |
| 2013-09-30 | 41.32% |
| 2013-06-30 | 46.40% |
| 2013-03-31 | 38.32% |
| 2012-12-31 | 34.50% |
| 2012-09-30 | 39.17% |
| 2012-06-30 | 43.46% |
| 2012-03-31 | 41.59% |
| 2011-12-31 | 30.35% |
| 2011-09-30 | 36.91% |
| 2011-06-30 | 44.63% |
| 2011-03-31 | 43.34% |
| 2010-12-31 | 34.84% |
| 2010-09-30 | 36.80% |
| 2010-06-30 | 39.87% |
| 2010-03-31 | 41.29% |
| 2009-12-31 | 36.83% |
| 2009-09-30 | 38.18% |
| 2009-06-30 | 41.54% |
| 2009-03-31 | 36.41% |
| 2008-12-31 | 31.06% |
| 2008-09-30 | 43.79% |
| 2008-06-30 | 47.93% |
| 2008-03-31 | 46.27% |
| 2007-12-31 | 42.01% |
| 2007-09-30 | 47.71% |
| 2007-06-30 | 56.29% |
| 2007-03-31 | 52.26% |
| 2006-12-31 | 78.53% |
| 2006-09-30 | 54.25% |
| 2006-06-30 | 56.53% |
| 2006-03-31 | 54.13% |
| 2005-12-31 | 51.23% |
| 2005-09-30 | 55.07% |
| 2005-06-30 | 56.58% |
| 2005-03-31 | 54.42% |
| 2004-12-31 | 52.66% |
| 2004-09-30 | 55.27% |
| 2004-06-30 | 55.79% |
| 2004-03-31 | 55.22% |
| 2003-12-31 | 50.21% |
| 2003-09-30 | 52.85% |
| 2003-06-30 | 56.51% |
| 2003-03-31 | 53.59% |
| 2002-12-31 | 47.44% |
| 2002-09-30 | 51.31% |
