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
DateValue
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%