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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |