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
DateValue
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%