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| 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 |