Morningstar (MORN) Depreciation and Depletion (2024 - 2026)
Morningstar (MORN) posted Depreciation and Depletion of $33.9 million for Q3 2026, up 6.3% from $31.9 million a year earlier and up 3.7% from the prior quarter.
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Analysis
Morningstar (MORN) Depreciation and Depletion (2024 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Depreciation and Depletion at Morningstar was $131.3 million, down 0.3% year-over-year; for FY2025, it was $130 million, up 3.7% from FY2024.
- Annual Depreciation and Depletion has increased for five consecutive years, with a five-year compound annual growth rate of 10.2% (FY2020 to FY2025).
- In prior years, Morningstar's Depreciation and Depletion was $125.4 million in FY2024 (+10.8%), $113.2 million in FY2023 (+15.7%), $97.8 million in FY2022 (+12.4%) and $87 million in FY2021 (+8.6%).
- The Q3 2026 figure stands as the highest quarterly Depreciation and Depletion in data going back to Q1 2024.
- On a year-over-year basis, Depreciation and Depletion increased in four of the last seven quarters, with growth averaging 2.9%.
- According to Business Quant data, Depreciation and Depletion for the three prior quarters was $32.7 million (Q2 2026), $32.6 million (Q1 2026) and $32.1 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Dep. & Depletion (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.60 Bn | 126.45 Bn | 2.64 Bn | 29.00 Mn |
| 2 | Moodys | 87.36 Bn | 80.29 Bn | 1.50 Bn | - |
| 3 | Msci | 46.52 Bn | 45.00 Bn | 739.80 Mn | 6.50 Mn |
| 4 | Verisk Analytics | 26.51 Bn | 21.15 Bn | 572.90 Mn | - |
| 5 | Equifax | 22.26 Bn | 21.54 Bn | 940.10 Mn | - |
| 6 | TransUnion | 15.70 Bn | 12.39 Bn | - | - |
| 7 | Factset Research Systems | 11.87 Bn | 10.72 Bn | 308.40 Mn | - |
| 8 | Morningstar | 9.12 Bn | 7.01 Bn | 431.40 Mn | 33.90 Mn |
| 9 | Mastercard | 579.47 Bn | 539.56 Bn | - | - |
| 10 | Cme | 108.68 Bn | 97.01 Bn | - | 27.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 33.90 Mn |
| Jun 30, 2026 | 32.70 Mn |
| Mar 31, 2026 | 32.60 Mn |
| Dec 31, 2025 | 32.10 Mn |
| Sep 30, 2025 | 31.90 Mn |
| Jun 30, 2025 | 33.20 Mn |
| Mar 31, 2025 | 32.80 Mn |
| Dec 31, 2024 | 33.80 Mn |
| Sep 30, 2024 | 30.90 Mn |
| Jun 30, 2024 | 31.50 Mn |
| Mar 31, 2024 | 29.20 Mn |
API Access
Morningstar Depreciation and Depletion 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-depletion&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "depreciation-and-depletion", "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-depletion&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();