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% on a QoQ basis from $10.7 million in Q4 2025.
Morningstar (MORN) has 18 years of Change in Taxes data on file, last reported at $20.3 million in Q1 2026.
- Quarterly Change in Taxes rose 1.0% year-over-year to $20.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$7.8 million (down 129.0% YoY) and the FY2025 annual result came in at -$8.0 million, down 134.63% from the prior year.
- Change in Taxes improved to $20.3 million in Q1 2026 per MORN's latest filing, from $10.7 million in the prior quarter.
- Across five years, Change in Taxes topped out at $20.3 million in Q1 2026 and bottomed at -$46.2 million in Q2 2025.
- The 5-year median for Change in Taxes is $7.4 million (2025), against an average of $2.7 million.
- The widest annual swing landed in 2022, when Change in Taxes soared 815.0%; it then sank 683.05% in 2025.
- Tracing MORN's Change in Taxes over 5 years: stood at $18.3 million in 2022, then plunged by 48.09% to $9.5 million in 2023, then slumped by 122.11% to -$2.1 million in 2024, then surged by 609.52% to $10.7 million in 2025, then soared by 89.72% to $20.3 million in 2026.
- Per Business Quant, the three latest MORN Change in Taxes figures stand at $20.3 million (Q1 2026), $10.7 million (Q4 2025), and $7.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 314.00 Mn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 327.60 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | - |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | - |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | - |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | -17.80 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 200,000.00 |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | - |
| 10 | Morningstar | 7.12 Bn | 6.58 Bn | 405.90 Mn | 20.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2023 | 6.90 Mn |
| Sep 30, 2023 | 6.90 Mn |
| Jun 30, 2023 | -21.60 Mn |
| Jun 30, 2023 | -21.60 Mn |
| Mar 31, 2023 | -2.60 Mn |
| Mar 31, 2023 | -2.60 Mn |
| Dec 31, 2022 | 18.30 Mn |
| Dec 31, 2022 | 18.30 Mn |
| Sep 30, 2022 | 3.50 Mn |
| Sep 30, 2022 | 3.50 Mn |
| Jun 30, 2022 | -20.00 Mn |
| Jun 30, 2022 | -20.00 Mn |
| Mar 31, 2022 | 17.10 Mn |
| Mar 31, 2022 | 17.10 Mn |
| Dec 31, 2021 | 2.00 Mn |
| Dec 31, 2021 | 2.00 Mn |
| Sep 30, 2021 | 3.30 Mn |
| Sep 30, 2021 | 3.30 Mn |
| Jun 30, 2021 | -15.50 Mn |
| Jun 30, 2021 | -15.50 Mn |
| Mar 31, 2021 | 4.10 Mn |
| Mar 31, 2021 | 4.10 Mn |
| Dec 31, 2020 | 5.30 Mn |
| Dec 31, 2020 | 5.30 Mn |
| Sep 30, 2020 | -9.50 Mn |
| Sep 30, 2020 | -9.50 Mn |
| Jun 30, 2020 | 11.50 Mn |
| Jun 30, 2020 | 11.50 Mn |
| Mar 31, 2020 | 700,000.00 |
| Mar 31, 2020 | 700,000.00 |
| Dec 31, 2019 | -5.40 Mn |
| Dec 31, 2019 | -5.40 Mn |
| Sep 30, 2019 | -7.80 Mn |
| Sep 30, 2019 | -7.80 Mn |
| Jun 30, 2019 | -6.90 Mn |
| Jun 30, 2019 | -6.90 Mn |
| Mar 31, 2019 | 8.50 Mn |
| Mar 31, 2019 | 8.50 Mn |
| Dec 31, 2018 | 1.30 Mn |
| Dec 31, 2018 | 1.30 Mn |
| Sep 30, 2018 | -1.90 Mn |
| Sep 30, 2018 | -1.90 Mn |
| Jun 30, 2018 | -20.50 Mn |
| Jun 30, 2018 | -20.50 Mn |
| Mar 31, 2018 | 8.70 Mn |
| Mar 31, 2018 | 8.70 Mn |
| Dec 31, 2017 | 8.10 Mn |
| Dec 31, 2017 | 8.10 Mn |
| Sep 30, 2017 | 6.90 Mn |
| Sep 30, 2017 | 6.90 Mn |
| Jun 30, 2017 | -11.90 Mn |
| Jun 30, 2017 | -11.90 Mn |
| Mar 31, 2017 | 6.60 Mn |
| Mar 31, 2017 | 6.60 Mn |
| Dec 31, 2016 | -5.30 Mn |
| Dec 31, 2016 | -5.30 Mn |
| Sep 30, 2016 | 6.50 Mn |
| Sep 30, 2016 | 6.50 Mn |
| Jun 30, 2016 | 1.20 Mn |
| Jun 30, 2016 | 1.20 Mn |
| Mar 31, 2016 | -1.40 Mn |
| Mar 31, 2016 | -1.40 Mn |
| Dec 31, 2015 | -10.40 Mn |
| Dec 31, 2015 | -10.40 Mn |
| Sep 30, 2015 | 4.80 Mn |
| Sep 30, 2015 | 4.80 Mn |
| Jun 30, 2015 | 1.80 Mn |
| Jun 30, 2015 | 1.80 Mn |
| Mar 31, 2015 | 13.90 Mn |
| Mar 31, 2015 | 13.90 Mn |
| Dec 31, 2014 | -1.20 Mn |
| Dec 31, 2014 | -1.20 Mn |
| Sep 30, 2014 | 15.70 Mn |
| Sep 30, 2014 | 15.70 Mn |
| Jun 30, 2014 | -19.40 Mn |
| Jun 30, 2014 | -19.40 Mn |
| Mar 31, 2014 | 7.20 Mn |
| Mar 31, 2014 | 7.20 Mn |
| Dec 31, 2013 | -405,000.00 |
| Dec 31, 2013 | -405,000.00 |
| Sep 30, 2013 | 3.51 Mn |
| Sep 30, 2013 | 3.51 Mn |
| Jun 30, 2013 | -794,000.00 |
| Jun 30, 2013 | -794,000.00 |
| Mar 31, 2013 | 14.49 Mn |
| Mar 31, 2013 | 14.49 Mn |
| Dec 31, 2012 | -8.43 Mn |
| Dec 31, 2012 | -8.43 Mn |
| Sep 30, 2012 | 2.70 Mn |
| Sep 30, 2012 | 2.70 Mn |
| Jun 30, 2012 | -2.84 Mn |
| Jun 30, 2012 | -2.84 Mn |
| Mar 31, 2012 | 7.37 Mn |
| Mar 31, 2012 | 7.37 Mn |
| Dec 31, 2011 | 1.31 Mn |
| Dec 31, 2011 | 1.31 Mn |
| Sep 30, 2011 | 6.70 Mn |
| Sep 30, 2011 | 6.70 Mn |
| Jun 30, 2011 | -2.56 Mn |
| Jun 30, 2011 | -2.56 Mn |
| Mar 31, 2011 | 5.30 Mn |
| Mar 31, 2011 | 5.30 Mn |
| Dec 31, 2010 | 4.26 Mn |
| Dec 31, 2010 | 4.26 Mn |
| Sep 30, 2010 | 4.56 Mn |
| Sep 30, 2010 | 4.56 Mn |
| Jun 30, 2010 | -7.94 Mn |
| Jun 30, 2010 | -7.94 Mn |
| Mar 31, 2010 | 3.68 Mn |
| Mar 31, 2010 | 3.68 Mn |
| Dec 31, 2009 | -1.32 Mn |
| Dec 31, 2009 | -1.32 Mn |
| Sep 30, 2009 | 2.60 Mn |
| Sep 30, 2009 | 2.60 Mn |