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

Morningstar (MORN) reported Change in Taxes of $20.3 million for Q1 2026, up 1.0% year-over-year from $20.1 million in Q1 2025, and up 89.72% quarter-over-quarter 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.

  • Change in Taxes for Q1 2026 came in at $20.3 million, up 1.0% year-over-year; the trailing twelve-month figure through Mar 2026 was -$7.8 million (down 129.0% YoY), and the FY2025 annual result was -$8.0 million, down 134.63% from the prior year.
  • Change in Taxes climbed to $20.3 million in Q1 2026 per MORN's latest filing, from $10.7 million in the prior quarter.
  • Over five years, Change in Taxes peaked at $20.3 million in Q1 2026 and troughed at -$46.2 million in Q2 2025.
  • A 5-year average of $2.7 million and a median of $7.4 million in 2025 frame the typical range for Change in Taxes.
  • The sharpest annual moves came in 2022 and 2025: Change in Taxes surged 815.0% in 2022, then tumbled 683.05% in 2025.
  • A 5-year view of Change in Taxes shows it stood at $18.3 million in 2022, then slumped by 48.09% to $9.5 million in 2023, then plunged 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.
  • Business Quant data shows MORN's Change in Taxes at $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 122.27 Bn 125.38 Bn 2.94 Bn 314.00 Mn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 327.60 Mn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn -
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - -
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn -
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn -
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn -17.80 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 200,000.00
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn -
10 Morningstar 6.04 Bn 5.51 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