Morningstar (MORN) EBT Margin (2009 - 2026)
Morningstar (MORN) posted quarterly EBT Margin of 22.17% for Q2 2026, up 291.0% year-over-year from 5.67% in Q2 2025, and up 0.79% quarter-over-quarter from 21.99% in Q1 2026.
Morningstar (MORN) EBT Margin (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported EBT Margin for 18 consecutive years, with 22.17% the latest figure, recorded in Q2 2026.
- In Q2 2026, EBT Margin rose 291.0% year-over-year to 22.17%; the TTM figure through Jun 2026 stood at 21.93% (down 107.0% YoY), while the FY2025 annual figure was 20.4%, down 119.0% from the prior year.
- EBT Margin climbed to 22.17% in Q2 2026 per MORN's latest filing, from 21.99% in the prior quarter.
- Across five years, EBT Margin topped out at 27.56% in Q4 2024 and bottomed at 0.49% in Q3 2022.
- Historically, EBT Margin has averaged 15.23% across 5 years, with a median of 16.4% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin slumped 1523 bps — and 2024, when it surged 1559 bps.
- Morningstar's EBT Margin stood at 6.44% in 2022, then jumped by 160 bps to 16.76% in 2023, then jumped by 64 bps to 27.56% in 2024, then slipped by 15 bps to 23.54% in 2025, then fell by 6 bps to 22.17% in 2026.
- Business Quant data shows MORN's EBT Margin at 22.17% in Q2 2026, 21.99% in Q1 2026, and 23.54% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 128.16 Bn | 124.02 Bn | 2.98 Bn | 41.70% |
| 2 | Cme | 98.56 Bn | 98.56 Bn | 1.65 Bn | 77.82% |
| 3 | Intercontinental Exchange | 91.19 Bn | 89.24 Bn | - | 35.64% |
| 4 | Moodys | 88.16 Bn | 86.66 Bn | 1.67 Bn | 53.59% |
| 5 | Nasdaq | 55.38 Bn | 54.67 Bn | 1.50 Bn | 25.79% |
| 6 | Coinbase Global | 50.19 Bn | 41.40 Bn | 1.16 Bn | -32.41% |
| 7 | Msci | 41.45 Bn | 41.09 Bn | 717.10 Mn | 48.13% |
| 8 | Cboe Global Markets | 31.31 Bn | 28.92 Bn | 731.60 Mn | 34.29% |
| 9 | TransUnion | 16.57 Bn | 15.73 Bn | 765.00 Mn | 15.39% |
| 10 | Morningstar | 8.19 Bn | 7.67 Bn | 423.90 Mn | 22.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.17% |
| Mar 31, 2026 | 21.99% |
| Dec 31, 2025 | 23.54% |
| Sep 30, 2025 | 19.94% |
| Jun 30, 2025 | 19.25% |
| Mar 31, 2025 | 18.65% |
| Dec 31, 2024 | 27.56% |
| Sep 30, 2024 | 26.68% |
| Jun 30, 2024 | 15.65% |
| Mar 31, 2024 | 16.03% |
| Dec 31, 2023 | 16.76% |
| Sep 30, 2023 | 11.13% |
| Jun 30, 2023 | 6.28% |
| Mar 31, 2023 | 0.44% |
| Dec 31, 2022 | 6.44% |
| Sep 30, 2022 | -0.49% |
| Jun 30, 2022 | 8.35% |
| Mar 31, 2022 | 13.79% |
| Dec 31, 2021 | 16.05% |
| Sep 30, 2021 | 14.74% |