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Morningstar (MORN) Cost of Revenue (2016 - 2025)

Historic Cost of Revenue for Morningstar (MORN) over the last 17 years, with Q4 2025 value amounting to $249.2 million.

  • Morningstar's Cost of Revenue rose 732.13% to $249.2 million in Q4 2025 from the same period last year, while for Dec 2025 it was $952.9 million, marking a year-over-year increase of 638.61%. This contributed to the annual value of $952.9 million for FY2025, which is 638.61% up from last year.
  • Per Morningstar's latest filing, its Cost of Revenue stood at $249.2 million for Q4 2025, which was up 732.13% from $241.7 million recorded in Q3 2025.
  • Morningstar's Cost of Revenue's 5-year high stood at $249.2 million during Q4 2025, with a 5-year trough of $157.3 million in Q1 2021.
  • Moreover, its 5-year median value for Cost of Revenue was $210.9 million (2023), whereas its average is $208.5 million.
  • In the last 5 years, Morningstar's Cost of Revenue skyrocketed by 3201.15% in 2021 and then plummeted by 31.99% in 2024.
  • Morningstar's Cost of Revenue (Quarter) stood at $189.6 million in 2021, then grew by 2.85% to $195.0 million in 2022, then grew by 5.33% to $205.4 million in 2023, then increased by 13.05% to $232.2 million in 2024, then increased by 7.32% to $249.2 million in 2025.
  • Its Cost of Revenue was $249.2 million in Q4 2025, compared to $241.7 million in Q3 2025 and $230.6 million in Q2 2025.