Growth Metrics

Morningstar (MORN) Cost of Revenue: 2009-2025

Historic Cost of Revenue for Morningstar (MORN) over the last 17 years, with Sep 2025 value amounting to $241.7 million.

  • Morningstar's Cost of Revenue rose 8.53% to $241.7 million in Q3 2025 from the same period last year, while for Sep 2025 it was $935.9 million, marking a year-over-year increase of 7.71%. This contributed to the annual value of $895.7 million for FY2024, which is 6.19% up from last year.
  • Morningstar's Cost of Revenue amounted to $241.7 million in Q3 2025, which was up 4.81% from $230.6 million recorded in Q2 2025.
  • In the past 5 years, Morningstar's Cost of Revenue registered a high of $241.7 million during Q3 2025, and its lowest value of $157.3 million during Q1 2021.
  • Moreover, its 3-year median value for Cost of Revenue was $222.7 million (2024), whereas its average is $222.1 million.
  • Per our database at Business Quant, Morningstar's Cost of Revenue skyrocketed by 32.01% in 2021 and then decreased by 0.32% in 2024.
  • Over the past 5 years, Morningstar's Cost of Revenue (Quarterly) stood at $189.6 million in 2021, then rose by 2.85% to $195.0 million in 2022, then climbed by 5.33% to $205.4 million in 2023, then rose by 13.05% to $232.2 million in 2024, then rose by 8.53% to $241.7 million in 2025.
  • Its last three reported values are $241.7 million in Q3 2025, $230.6 million for Q2 2025, and $231.4 million during Q1 2025.