Morningstar (MORN) Depreciation & Amortization (CF) (2009 - 2026)
Morningstar's Depreciation & Amortization (CF) came in at $53.1 million for Q3 2026, up 13.0% from $47 million a year earlier but down 0.7% from the prior quarter.
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Analysis
Morningstar (MORN) Depreciation & Amortization (CF) (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Morningstar reported Depreciation & Amortization (CF) of $205.4 million, up 7.4% year-over-year; for FY2025, it came in at $189.9 million, down 0.3% from FY2024.
- Depreciation & Amortization (CF) carries a five-year compound annual growth rate of 6.4% (FY2020 to FY2025).
- Going back by year, Depreciation & Amortization (CF) was $190.4 million in FY2024 (+3.0%), $184.9 million in FY2023 (+11.0%), $166.6 million in FY2022 (+10.6%) and $150.7 million in FY2021 (+8.0%).
- The five-year range for quarterly Depreciation & Amortization (CF) is $37.6 million (Q1 2022) to $53.5 million (Q2 2026).
- Year-over-year, Depreciation & Amortization (CF) has increased for three consecutive quarters, with growth averaging 4.5% over the last eight quarters.
- The fastest year-over-year change in Depreciation & Amortization (CF) over five years came in Q1 2023 (growth of 19.1%), and the weakest in Q4 2025 (a decline of 2.7%).
- Business Quant data shows MORN's Depreciation & Amortization (CF) at $53.5 million (Q2 2026), $51.7 million (Q1 2026) and $47.1 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Amort. (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 236.00 Bn | 234.48 Bn | 739.80 Mn | 6.50 Mn |
| 2 | S&P Global | 137.30 Bn | 132.50 Bn | 2.64 Bn | 29.00 Mn |
| 3 | Moodys | 87.63 Bn | 80.69 Bn | 1.50 Bn | 124.00 Mn |
| 4 | Verisk Analytics | 26.66 Bn | 22.85 Bn | 567.00 Mn | 69.50 Mn |
| 5 | Equifax | 22.03 Bn | 21.43 Bn | 940.10 Mn | 196.40 Mn |
| 6 | TransUnion | 15.46 Bn | 12.30 Bn | - | 164.00 Mn |
| 7 | Factset Research Systems | 11.73 Bn | 10.58 Bn | 308.40 Mn | 47.12 Mn |
| 8 | Morningstar | 9.14 Bn | 7.03 Bn | 431.40 Mn | 53.10 Mn |
| 9 | Mastercard | 572.29 Bn | 532.37 Bn | - | 326.00 Mn |
| 10 | Cme | 113.65 Bn | 101.99 Bn | 359.20 Mn | 27.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 53.10 Mn |
| Jun 30, 2026 | 53.50 Mn |
| Mar 31, 2026 | 51.70 Mn |
| Dec 31, 2025 | 47.10 Mn |
| Sep 30, 2025 | 47.00 Mn |
| Jun 30, 2025 | 48.50 Mn |
| Mar 31, 2025 | 47.30 Mn |
| Dec 31, 2024 | 48.40 Mn |
| Sep 30, 2024 | 45.70 Mn |
| Jun 30, 2024 | 49.10 Mn |
| Mar 31, 2024 | 47.20 Mn |
| Dec 31, 2023 | 46.50 Mn |
| Sep 30, 2023 | 46.60 Mn |
| Jun 30, 2023 | 47.00 Mn |
| Mar 31, 2023 | 44.80 Mn |
| Dec 31, 2022 | 44.80 Mn |
| Sep 30, 2022 | 44.20 Mn |
| Jun 30, 2022 | 40.00 Mn |
| Mar 31, 2022 | 37.60 Mn |
| Dec 31, 2021 | 38.40 Mn |
API Access
Morningstar Depreciation & Amortization (CF) 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=depreciation-and-amortization-cf&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-amortization-cf", "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=depreciation-and-amortization-cf&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();