Morningstar (MORN) Depreciation Expense (2024 - 2026)
Morningstar (MORN) reported Depreciation Expense of $32.6 million for Q1 2026, down 0.61% year-over-year from $32.8 million in Q1 2025, and up 1.56% on a QoQ basis from $32.1 million in Q4 2025.
Morningstar (MORN) has 3 years of Depreciation Expense data on file, last reported at $32.6 million in Q1 2026.
- Quarterly Depreciation Expense fell 0.61% year-over-year to $32.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $129.8 million (up 0.62% YoY) and the FY2025 annual result came in at $130.0 million, up 3.67% from the prior year.
- Depreciation Expense rose to $32.6 million in Q1 2026 per MORN's latest filing, from $32.1 million in the prior quarter.
- Across five years, Depreciation Expense topped out at $33.8 million in Q4 2024 and bottomed at $29.2 million in Q1 2024.
- The 3-year median for Depreciation Expense is $32.1 million (2025), against an average of $32.0 million.
- Peak annual rise in Depreciation Expense reached 12.33% in 2025, while the deepest fall reached 5.03% in 2025.
- Tracing MORN's Depreciation Expense over 3 years: stood at $33.8 million in 2024, then retreated by 5.03% to $32.1 million in 2025, then grew by 1.56% to $32.6 million in 2026.
- Per Business Quant, the three latest MORN Depreciation Expense figures stand at $32.6 million (Q1 2026), $32.1 million (Q4 2025), and $31.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Depreciation (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 31.00 Mn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 27.20 Mn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | - |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | - |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | - |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 5.90 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 10.50 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | - |
| 10 | Morningstar | 7.12 Bn | 6.58 Bn | 405.90 Mn | 32.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |