Morningstar MORN
NASDAQ MORN
$192.98 -5.10 (-2.58%)
As of: Sep 10, 2026 · 3:59 PM EDT

Morningstar (MORN) EBITDA Margin (2009 - 2026)

Morningstar's (MORN) quarterly EBITDA Margin came in at 29.15% in Q2 2026, up 299.0% year-over-year from 7.3% in Q2 2025, and little changed quarter-over-quarter from 29.23% in Q1 2026.

Analysis

Morningstar (MORN) EBITDA Margin (2009 - 2026) Analysis & Trends

Morningstar (MORN) has reported EBITDA Margin for 18 consecutive years, with 29.15% the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EBITDA Margin rose 299.0% year-over-year to 29.15% in Q2 2026; TTM through Jun 2026 was 28.57%, a 72.0% increase from a year earlier, with the FY2025 full-year figure at 26.85%, up 3.0% from the prior year.
  • EBITDA Margin was 29.15% for Q2 2026 at Morningstar, roughly flat from 29.23% in the prior quarter.
  • Over five years, EBITDA Margin peaked at 34.18% in Q4 2024 and troughed at 4.7% in Q3 2022.
  • A 5-year average of 19.6% and a median of 23.46% in 2024 frame the typical range for EBITDA Margin.
  • Across the five-year window, EBITDA Margin plunged 1111 bps in 2022 and surged 1733 bps in 2024, its largest moves.
  • Over 5 years, EBITDA Margin stood at 7.47% in 2022, then surged by 134 bps to 17.52% in 2023, then jumped by 95 bps to 34.18% in 2024, then declined by 13 bps to 29.9% in 2025, then fell by 3 bps to 29.15% in 2026.
  • The last three EBITDA Margin figures came in at 29.15% (Q2 2026), 29.23% (Q1 2026), and 29.9% (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 S&P Global 121.34 Bn 117.20 Bn 2.98 Bn 44.48%
2 Moodys 81.34 Bn 79.84 Bn 1.67 Bn 47.87%
3 Msci 39.85 Bn 39.49 Bn 717.10 Mn 56.94%
4 Verisk Analytics 22.97 Bn 22.42 Bn 572.90 Mn 45.11%
5 Factset Research Systems 9.48 Bn 9.17 Bn 310.73 Mn 26.70%
6 Morningstar 7.30 Bn 6.77 Bn 423.90 Mn 29.15%
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 29.15%
Mar 31, 2026 29.23%
Dec 31, 2025 29.90%
Sep 30, 2025 25.87%
Jun 30, 2025 26.16%
Mar 31, 2025 25.24%
Dec 31, 2024 34.18%
Sep 30, 2024 25.71%
Jun 30, 2024 24.48%
Mar 31, 2024 22.44%
Dec 31, 2023 17.52%
Sep 30, 2023 13.58%
Jun 30, 2023 8.26%
Mar 31, 2023 5.11%
Dec 31, 2022 7.47%
Sep 30, 2022 4.70%
Jun 30, 2022 11.46%
Mar 31, 2022 12.34%
Dec 31, 2021 16.18%
Sep 30, 2021 15.81%