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| 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 |