Morningstar (MORN) EBIT (2009 - 2026)
Morningstar (MORN) recorded EBIT of $160.6 million in Q2 2026, up 28.4% from $125.1 million a year earlier and up 3.0% from the prior quarter.
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Analysis
Morningstar (MORN) EBIT (2009 - 2026) Analysis & Trends
On a TTM basis, Morningstar's EBIT came in at $603.9 million as of Jun 30, 2026, up 15.5% year-over-year; for FY2025, it came in at $526.6 million, up 8.6% from FY2024.
- Annual EBIT has increased for three straight years, with a five-year compound annual growth rate of 19.6% (FY2020 to FY2025).
- Across earlier years, EBIT came in at $484.8 million in FY2024 (+110.2%), $230.6 million in FY2023 (+37.4%), $167.8 million in FY2022 (-34.7%) and $257 million in FY2021 (+19.4%).
- The Q2 2026 figure is the highest quarterly EBIT since Q4 2024.
- On a year-over-year basis, EBIT rose in seven of the last eight quarters, with growth averaging 31.5%.
- Peak year-over-year performance for EBIT in the last five years was growth of 278.0% in Q1 2024, against a decline of 67.6% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $155.9 million (Q1 2026), $159.6 million (Q4 2025) and $127.8 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 115.73 Bn | 111.34 Bn | 2.98 Bn | 1.81 Bn |
| 2 | Moodys | 78.77 Bn | 71.20 Bn | 1.67 Bn | 1.05 Bn |
| 3 | Msci | 39.23 Bn | 37.58 Bn | 717.10 Mn | 487.50 Mn |
| 4 | Verisk Analytics | 21.59 Bn | 16.23 Bn | 572.90 Mn | 363.70 Mn |
| 5 | Equifax | 16.56 Bn | 15.96 Bn | 926.40 Mn | 314.20 Mn |
| 6 | TransUnion | 12.32 Bn | 9.30 Bn | - | 258.00 Mn |
| 7 | Factset Research Systems | 9.30 Bn | 8.06 Bn | 310.73 Mn | 166.30 Mn |
| 8 | Morningstar | 6.99 Bn | 4.89 Bn | 423.90 Mn | 160.60 Mn |
| 9 | Mastercard | 490.78 Bn | 450.70 Bn | - | 5.59 Bn |
| 10 | Cme | 94.57 Bn | 94.57 Bn | - | 1.11 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 160.60 Mn |
| Mar 31, 2026 | 155.90 Mn |
| Dec 31, 2025 | 159.60 Mn |
| Sep 30, 2025 | 127.80 Mn |
| Jun 30, 2025 | 125.10 Mn |
| Mar 31, 2025 | 114.10 Mn |
| Dec 31, 2024 | 168.20 Mn |
| Sep 30, 2024 | 115.50 Mn |
| Jun 30, 2024 | 108.50 Mn |
| Mar 31, 2024 | 92.60 Mn |
| Dec 31, 2023 | 94.40 Mn |
| Sep 30, 2023 | 70.00 Mn |
| Jun 30, 2023 | 41.70 Mn |
| Mar 31, 2023 | 24.50 Mn |
| Dec 31, 2022 | 35.50 Mn |
| Sep 30, 2022 | 22.00 Mn |
| Jun 30, 2022 | 53.90 Mn |
| Mar 31, 2022 | 56.40 Mn |
| Dec 31, 2021 | 74.80 Mn |
| Sep 30, 2021 | 67.80 Mn |
API Access
Morningstar EBIT 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=ebit&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebit", "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=ebit&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();