Morningstar (MORN) Change in Receivables (2009 - 2026)
Morningstar (MORN) recorded Change in Receivables of -$18.6 million in Q2 2026, compared with $34.7 million a year earlier.
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Analysis
Morningstar (MORN) Change in Receivables (2009 - 2026) Analysis & Trends
On a TTM basis, Morningstar's Change in Receivables came in at -$1 million as of Jun 30, 2026; for FY2025, it was $26 million, down 14.2% from FY2024.
- Annual Change in Receivables has declined for four straight years, though with a five-year compound annual growth rate of 23.1% (FY2020 to FY2025).
- Across earlier years, Change in Receivables came in at $30.3 million in FY2024 (-20.7%), $38.2 million in FY2023 (-1.0%), $38.6 million in FY2022 (-43.2%) and $67.9 million in FY2021 (+638.0%).
- The Q2 2026 figure is the lowest quarterly Change in Receivables since Q3 2023.
- Peak year-over-year performance for Change in Receivables in the last five years was growth of 155.1% in Q2 2025, against a decline of 67.3% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $9 million (Q1 2026), $26.8 million (Q4 2025) and -$18.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 133.88 Bn | 124.46 Bn | 2.98 Bn | -39.00 Mn |
| 2 | Moodys | 84.51 Bn | 77.44 Bn | 1.50 Bn | -86.00 Mn |
| 3 | Msci | 44.68 Bn | 43.16 Bn | 739.80 Mn | -27.10 Mn |
| 4 | Verisk Analytics | 26.54 Bn | 21.17 Bn | 572.90 Mn | -151.40 Mn |
| 5 | Equifax | 21.92 Bn | 21.19 Bn | 940.10 Mn | 500,000.00 |
| 6 | TransUnion | 16.07 Bn | 12.89 Bn | - | 4.90 Mn |
| 7 | Factset Research Systems | 12.30 Bn | 11.15 Bn | 308.40 Mn | 10.19 Mn |
| 8 | Morningstar | 8.46 Bn | 6.36 Bn | 423.90 Mn | -18.60 Mn |
| 9 | Mastercard | 557.08 Bn | 517.01 Bn | - | 338.00 Mn |
| 10 | Cme | 110.43 Bn | 98.52 Bn | - | -182.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -18.60 Mn |
| Mar 31, 2026 | 9.00 Mn |
| Dec 31, 2025 | 26.80 Mn |
| Sep 30, 2025 | -18.20 Mn |
| Jun 30, 2025 | 34.70 Mn |
| Mar 31, 2025 | -17.30 Mn |
| Dec 31, 2024 | 38.50 Mn |
| Sep 30, 2024 | -8.10 Mn |
| Jun 30, 2024 | 13.60 Mn |
| Mar 31, 2024 | -13.70 Mn |
| Dec 31, 2023 | 43.50 Mn |
| Sep 30, 2023 | -20.20 Mn |
| Jun 30, 2023 | 24.70 Mn |
| Mar 31, 2023 | -9.80 Mn |
| Dec 31, 2022 | 18.80 Mn |
| Sep 30, 2022 | -15.60 Mn |
| Jun 30, 2022 | 26.80 Mn |
| Mar 31, 2022 | 8.60 Mn |
| Dec 31, 2021 | 29.90 Mn |
| Sep 30, 2021 | 10.80 Mn |
API Access
Morningstar Change in Receivables API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-receivables&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-receivables", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-receivables&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();