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
DateValue
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