Morningstar (MORN) Cost of Revenue (2016 - 2026)
Morningstar (MORN) has disclosed Cost of Revenue for 18 consecutive years, with $238.9 million as the latest value for Q1 2026.
- For Q1 2026, Cost of Revenue rose 112.17% year-over-year to $238.9 million; the TTM value through Mar 2026 reached $834.2 million, up 22.89%, while the annual FY2025 figure was $952.9 million, 6.39% up from the prior year.
- Cost of Revenue hit $238.9 million in Q1 2026 for Morningstar, down from $249.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $249.2 million in Q4 2025 and bottomed at -$227.8 million in Q4 2022.
- Average Cost of Revenue over 5 years is $134.5 million, with a median of $112.6 million recorded in 2025.
- On a YoY basis, Cost of Revenue climbed as much as 197.14% in 2022 and fell as far as 220.15% in 2022.
- Morningstar's Cost of Revenue stood at -$227.8 million in 2022, then surged by 190.17% to $205.4 million in 2023, then rose by 13.05% to $232.2 million in 2024, then rose by 7.32% to $249.2 million in 2025, then fell by 4.13% to $238.9 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods came in at $238.9 million, $249.2 million, and $115.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.