Morningstar (MORN) EBITDA Margin (2009 - 2026)
Morningstar (MORN) reported EBITDA Margin of 29.23% for Q1 2026, up 399.0% year-over-year from 5.86% in Q1 2025, and down 2.23% quarter-over-quarter from 29.9% in Q4 2025.
Morningstar (MORN) EBITDA Margin (2009 - 2026) Analysis & Trends
Morningstar (MORN) has 18 years of EBITDA Margin data on file, last reported at 29.23% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 29.23%, up 399.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 27.83% (up 38.0% YoY), and the FY2025 annual result was 26.85%, up 3.0% from the prior year.
- EBITDA Margin fell to 29.23% in Q1 2026 per MORN's latest filing, from 29.9% 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 19.04% and a median of 22.44% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2022 and 2024: EBITDA Margin tumbled 1111 bps in 2022, then soared 1733 bps in 2024.
- A 5-year view of EBITDA Margin shows it stood at 7.47% in 2022, then soared by 134 bps to 17.52% in 2023, then surged by 95 bps to 34.18% in 2024, then fell by 13 bps to 29.9% in 2025, then dropped by 2 bps to 29.23% in 2026.
- Business Quant data shows MORN's EBITDA Margin at 29.23% in Q1 2026, 29.9% in Q4 2025, and 25.87% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 48.74% |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 71.11% |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 44.35% |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 55.93% |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 30.74% |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 54.40% |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 40.55% |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 19.65% |
| 10 | Morningstar | 6.04 Bn | 5.51 Bn | 405.90 Mn | 29.23% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 11.36% |