Morningstar (MORN) EBITDA (2009 - 2026)
Morningstar (MORN) reported EBITDA of $188.5 million for Q1 2026, up 28.32% year-over-year from $146.9 million in Q1 2025, and down 1.67% quarter-over-quarter from $191.7 million in Q4 2025.
Morningstar (MORN) EBITDA (2009 - 2026) Analysis & Trends
Morningstar (MORN) has 18 years of EBITDA data on file, last reported at $188.5 million in Q1 2026.
- EBITDA for Q1 2026 came in at $188.5 million, up 28.32% year-over-year; the trailing twelve-month figure through Mar 2026 was $698.2 million (up 9.9% YoY), and the FY2025 annual result was $656.6 million, up 7.6% from the prior year.
- EBITDA declined to $188.5 million in Q1 2026 per MORN's latest filing, from $191.7 million in the prior quarter.
- Over five years, EBITDA peaked at $202.0 million in Q4 2024 and troughed at $22.0 million in Q3 2022.
- A 5-year average of $109.0 million and a median of $121.8 million in 2024 frame the typical range for EBITDA.
- The sharpest annual moves came in 2022 and 2024: EBITDA plunged 67.55% in 2022, then soared 397.14% in 2024.
- A 5-year view of EBITDA shows it stood at $35.5 million in 2022, then jumped by 165.92% to $94.4 million in 2023, then jumped by 113.98% to $202.0 million in 2024, then decreased by 5.1% to $191.7 million in 2025, then dropped by 1.67% to $188.5 million in 2026.
- Business Quant data shows MORN's EBITDA at $188.5 million in Q1 2026, $191.7 million in Q4 2025, and $159.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 2.03 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 1.34 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 922.00 Mn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 1.67 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 657.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -21.42 Mn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 462.80 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 516.10 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 244.80 Mn |
| 10 | Morningstar | 6.04 Bn | 5.51 Bn | 405.90 Mn | 188.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 188.50 Mn |
| Dec 31, 2025 | 191.70 Mn |
| Sep 30, 2025 | 159.70 Mn |
| Jun 30, 2025 | 158.30 Mn |
| Mar 31, 2025 | 146.90 Mn |
| Dec 31, 2024 | 202.00 Mn |
| Sep 30, 2024 | 146.40 Mn |
| Jun 30, 2024 | 140.00 Mn |
| Mar 31, 2024 | 121.80 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 |
| Jun 30, 2021 | 47.20 Mn |