Morningstar (MORN) EBITDA (2009 - 2026)
Morningstar (MORN) posted quarterly EBITDA of $160.6 million for Q2 2026, up 28.38% year-over-year from $125.1 million in Q2 2025, and up 3.01% quarter-over-quarter from $155.9 million in Q1 2026.
Morningstar (MORN) EBITDA (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported EBITDA for 18 consecutive years, with $160.6 million the latest figure, recorded in Q2 2026.
- In Q2 2026, EBITDA rose 28.38% year-over-year to $160.6 million; the TTM figure through Jun 2026 stood at $603.9 million (up 15.49% YoY), while the FY2025 annual figure was $526.6 million, up 8.62% from the prior year.
- EBITDA improved to $160.6 million in Q2 2026 per MORN's latest filing, from $155.9 million in the prior quarter.
- Across five years, EBITDA topped out at $168.2 million in Q4 2024 and bottomed at $22.0 million in Q3 2022.
- Historically, EBITDA has averaged $95.9 million across 5 years, with a median of $101.4 million in 2023.
- Annual changes were most pronounced in 2022 — EBITDA plunged 67.55% — and 2024, when it surged 277.96%.
- Morningstar's EBITDA stood at $35.5 million in 2022, then jumped by 165.92% to $94.4 million in 2023, then surged by 78.18% to $168.2 million in 2024, then dropped by 5.11% to $159.6 million in 2025, then advanced by 0.63% to $160.6 million in 2026.
- Business Quant data shows MORN's EBITDA at $160.6 million in Q2 2026, $155.9 million in Q1 2026, and $159.6 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.09 Bn | 122.95 Bn | 2.98 Bn | 1.84 Bn |
| 2 | Cme | 99.12 Bn | 99.12 Bn | 1.65 Bn | 1.14 Bn |
| 3 | Intercontinental Exchange | 91.05 Bn | 89.10 Bn | - | 1.39 Bn |
| 4 | Moodys | 87.60 Bn | 86.10 Bn | 1.67 Bn | 1.05 Bn |
| 5 | Nasdaq | 55.46 Bn | 54.75 Bn | 1.50 Bn | 712.00 Mn |
| 6 | Coinbase Global | 49.38 Bn | 40.59 Bn | 1.16 Bn | -113.49 Mn |
| 7 | Msci | 41.12 Bn | 40.76 Bn | 717.10 Mn | 493.70 Mn |
| 8 | Cboe Global Markets | 31.54 Bn | 29.15 Bn | 731.60 Mn | 487.20 Mn |
| 9 | TransUnion | 16.33 Bn | 15.49 Bn | 765.00 Mn | 258.00 Mn |
| 10 | Morningstar | 8.16 Bn | 7.64 Bn | 423.90 Mn | 193.30 Mn |
Historic Data
Download 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 |