Morningstar (MORN) Current Deferred Revenue (2009 - 2026)
Morningstar (MORN) posted Current Deferred Revenue of $628.4 million for Q2 2026, up 5.8% from $594.2 million a year earlier but down 6.1% from the prior quarter.
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Analysis
Morningstar (MORN) Current Deferred Revenue (2009 - 2026) Analysis & Trends
At the end of FY2025, Morningstar's Current Deferred Revenue came in at $586.1 million, up 8.4% from FY2024.
- Annual Current Deferred Revenue has increased for ten consecutive years, with a five-year compound annual growth rate of 13.8% (FY2020 to FY2025).
- In prior years, Morningstar's Current Deferred Revenue was $540.8 million in FY2024 (+4.5%), $517.7 million in FY2023 (+13.6%), $455.6 million in FY2022 (+20.7%) and $377.4 million in FY2021 (+23.0%).
- Quarterly Current Deferred Revenue has run from a low of $364.5 million in Q3 2021 to a high of $669.3 million in Q1 2026 over five years.
- On a year-over-year basis, Current Deferred Revenue has increased in each of the last 19 quarters, with growth averaging 7.5% over the last eight quarters.
- Over the past five years, the year-over-year growth in Current Deferred Revenue ranged from 4.5% (Q4 2024) to 23.0% (Q4 2021).
- According to Business Quant data, Current Deferred Revenue for the three prior quarters was $669.3 million (Q1 2026), $586.1 million (Q4 2025) and $563.9 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 628.40 Mn |
| Mar 31, 2026 | 669.30 Mn |
| Dec 31, 2025 | 586.10 Mn |
| Sep 30, 2025 | 563.90 Mn |
| Jun 30, 2025 | 594.20 Mn |
| Mar 31, 2025 | 595.30 Mn |
| Dec 31, 2024 | 540.80 Mn |
| Sep 30, 2024 | 539.50 Mn |
| Jun 30, 2024 | 548.20 Mn |
| Mar 31, 2024 | 565.20 Mn |
| Dec 31, 2023 | 517.70 Mn |
| Sep 30, 2023 | 486.90 Mn |
| Jun 30, 2023 | 506.30 Mn |
| Mar 31, 2023 | 502.30 Mn |
| Dec 31, 2022 | 455.60 Mn |
| Sep 30, 2022 | 424.80 Mn |
| Jun 30, 2022 | 457.40 Mn |
| Mar 31, 2022 | 428.60 Mn |
| Dec 31, 2021 | 377.40 Mn |
| Sep 30, 2021 | 364.50 Mn |
API Access
Morningstar Current Deferred Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-deferred-revenue", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=current-deferred-revenue&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();