Morningstar (MORN) Change in Taxes (2009 - 2026)

Morningstar's (MORN) quarterly Change in Taxes came in at $20.3 million in Q1 2026, up 1.0% year-on-year from $20.1 million in Q1 2025, and up 89.72% on a QoQ basis from $10.7 million in Q4 2025.

Morningstar (MORN) Change in Taxes (2009 - 2026) Analysis & Trends

Morningstar (MORN) has 18 years of Change in Taxes data on file, last reported at $20.3 million in Q1 2026.

  • On a quarterly basis, Change in Taxes rose 1.0% year-over-year to $20.3 million in Q1 2026; TTM through Mar 2026 was -$7.8 million, a 129.0% decrease from a year earlier, with the FY2025 full-year figure at -$8.0 million, down 134.63% from the prior year.
  • Change in Taxes for Q1 2026 stood at $20.3 million, up from $10.7 million in the prior quarter.
  • Over the last five years, Change in Taxes for MORN reached as high as $20.3 million in Q1 2026 and fell as low as -$46.2 million in Q2 2025.
  • Historically, Change in Taxes has averaged $2.7 million across 5 years, with a median of $7.4 million in 2025.
  • Across the five-year window, Change in Taxes soared 815.0% in 2022 and sank 683.05% in 2025, its largest moves.
  • Year by year, Change in Taxes stood at $18.3 million in 2022, then tumbled by 48.09% to $9.5 million in 2023, then sank by 122.11% to -$2.1 million in 2024, then jumped by 609.52% to $10.7 million in 2025, then surged by 89.72% to $20.3 million in 2026.
  • Per Business Quant data, the three most recent Change in Taxes figures were $20.3 million in Q1 2026, $10.7 million in Q4 2025, and $7.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (Qtr)
1 S&P Global 123.54 Bn 121.73 Bn 2.94 Bn 314.00 Mn
2 Cme 93.95 Bn 93.95 Bn 1.65 Bn -368.00 Mn
3 Intercontinental Exchange 86.02 Bn 84.27 Bn - -
4 Moodys 83.68 Bn 82.18 Bn 1.67 Bn 6.00 Mn
5 Nasdaq 53.85 Bn 53.14 Bn 1.50 Bn -
6 Coinbase Global 43.36 Bn 32.93 Bn 1.33 Bn -
7 Msci 41.57 Bn 41.22 Bn 717.10 Mn -16.40 Mn
8 Cboe Global Markets 30.85 Bn 28.68 Bn 728.90 Mn 200,000.00
9 TransUnion 16.17 Bn 15.44 Bn 726.20 Mn -
10 Morningstar 7.43 Bn 6.90 Bn 405.90 Mn 20.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 20.30 Mn
Mar 31, 2026 20.30 Mn
Dec 31, 2025 10.70 Mn
Dec 31, 2025 10.70 Mn
Sep 30, 2025 7.40 Mn
Sep 30, 2025 7.40 Mn
Jun 30, 2025 -46.20 Mn
Jun 30, 2025 -46.20 Mn
Mar 31, 2025 20.10 Mn
Mar 31, 2025 20.10 Mn
Dec 31, 2024 -2.10 Mn
Dec 31, 2024 -2.10 Mn
Sep 30, 2024 14.80 Mn
Sep 30, 2024 14.80 Mn
Jun 30, 2024 -5.90 Mn
Jun 30, 2024 -5.90 Mn
Mar 31, 2024 16.30 Mn
Mar 31, 2024 16.30 Mn
Dec 31, 2023 9.50 Mn
Dec 31, 2023 9.50 Mn