Morningstar (MORN) EBITDA Margin (2009 - 2026)
Morningstar's (MORN) quarterly EBITDA Margin came in at 24.18% in Q1 2026, up 457.0% year-on-year from 4.34% in Q1 2025, and down 2.88% on a QoQ basis from 24.89% 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 24.18% in Q1 2026.
- On a quarterly basis, EBITDA Margin rose 457.0% year-over-year to 24.18% in Q1 2026; TTM through Mar 2026 was 22.66%, a 78.0% increase from a year earlier, with the FY2025 full-year figure at 21.53%, up 22.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 24.18%, down from 24.89% in the prior quarter.
- Over the last five years, EBITDA Margin for MORN reached as high as 28.46% in Q4 2024 and fell as low as 4.7% in Q3 2022.
- Historically, EBITDA Margin has averaged 16.19% across 5 years, with a median of 17.52% in 2023.
- Across the five-year window, EBITDA Margin sank 1111 bps in 2022 and soared 1195 bps in 2024, its largest moves.
- Year by year, EBITDA Margin stood at 7.47% in 2022, then soared by 134 bps to 17.52% in 2023, then soared by 62 bps to 28.46% in 2024, then fell by 13 bps to 24.89% in 2025, then retreated by 3 bps to 24.18% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 24.18% in Q1 2026, 24.89% in Q4 2025, and 20.7% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 123.54 Bn | 121.73 Bn | 2.94 Bn | 48.00% |
| 2 | Cme | 93.95 Bn | 93.95 Bn | 1.65 Bn | 64.89% |
| 3 | Intercontinental Exchange | 86.02 Bn | 84.27 Bn | - | 55.93% |
| 4 | Moodys | 83.68 Bn | 82.18 Bn | 1.67 Bn | 47.87% |
| 5 | Nasdaq | 53.85 Bn | 53.14 Bn | 1.50 Bn | 28.12% |
| 6 | Coinbase Global | 43.36 Bn | 32.93 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 41.57 Bn | 41.22 Bn | 717.10 Mn | 56.23% |
| 8 | Cboe Global Markets | 30.85 Bn | 28.68 Bn | 728.90 Mn | 39.72% |
| 9 | TransUnion | 16.17 Bn | 15.44 Bn | 726.20 Mn | 19.65% |
| 10 | Morningstar | 7.43 Bn | 6.90 Bn | 405.90 Mn | 24.18% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.18% |
| Dec 31, 2025 | 24.89% |
| Sep 30, 2025 | 20.70% |
| Jun 30, 2025 | 20.67% |
| Mar 31, 2025 | 19.61% |
| Dec 31, 2024 | 28.46% |
| Sep 30, 2024 | 20.28% |
| Jun 30, 2024 | 18.97% |
| Mar 31, 2024 | 17.06% |
| 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% |