Growth Metrics

Morningstar (MORN) Change in Taxes (2016 - 2025)

Morningstar (MORN) has disclosed Change in Taxes for 17 consecutive years, with $10.7 million as the latest value for Q4 2025.

  • On a quarterly basis, Change in Taxes rose 609.52% to $10.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$8.0 million, a 134.63% decrease, with the full-year FY2025 number at -$8.0 million, down 134.63% from a year prior.
  • Change in Taxes was $10.7 million for Q4 2025 at Morningstar, up from $7.4 million in the prior quarter.
  • In the past five years, Change in Taxes ranged from a high of $20.1 million in Q1 2025 to a low of -$46.2 million in Q2 2025.
  • A 5-year average of $1.0 million and a median of $3.8 million in 2021 define the central range for Change in Taxes.
  • Peak YoY movement for Change in Taxes: surged 815.0% in 2022, then plummeted 683.05% in 2025.
  • Morningstar's Change in Taxes stood at $2.0 million in 2021, then soared by 815.0% to $18.3 million in 2022, then plummeted by 48.09% to $9.5 million in 2023, then plummeted by 122.11% to -$2.1 million in 2024, then surged by 609.52% to $10.7 million in 2025.
  • Per Business Quant, the three most recent readings for MORN's Change in Taxes are $10.7 million (Q4 2025), $7.4 million (Q3 2025), and -$46.2 million (Q2 2025).