Morningstar (MORN) EBT Margin (2009 - 2026)

Morningstar's (MORN) quarterly EBT Margin came in at 21.99% in Q1 2026, up 335.0% year-on-year from 5.06% in Q1 2025, and down 6.57% on a QoQ basis from 23.54% in Q4 2025.

Morningstar (MORN) EBT Margin (2009 - 2026) Analysis & Trends

Morningstar (MORN) has 18 years of EBT Margin data on file, last reported at 21.99% in Q1 2026.

  • On a quarterly basis, EBT Margin rose 335.0% year-over-year to 21.99% in Q1 2026; TTM through Mar 2026 was 21.22%, a 94.0% decrease from a year earlier, with the FY2025 full-year figure at 20.4%, down 119.0% from the prior year.
  • EBT Margin for Q1 2026 stood at 21.99%, down from 23.54% in the prior quarter.
  • Over the last five years, EBT Margin for MORN reached as high as 27.56% in Q4 2024 and fell as low as 0.49% in Q3 2022.
  • Historically, EBT Margin has averaged 14.82% across 5 years, with a median of 16.03% in 2024.
  • Across the five-year window, EBT Margin plunged 1523 bps in 2022 and soared 1559 bps in 2024, its largest moves.
  • Year by year, EBT Margin stood at 6.44% in 2022, then soared by 160 bps to 16.76% in 2023, then soared by 64 bps to 27.56% in 2024, then declined by 15 bps to 23.54% in 2025, then dropped by 7 bps to 21.99% in 2026.
  • Per Business Quant data, the three most recent EBT Margin figures were 21.99% in Q1 2026, 23.54% in Q4 2025, and 19.94% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 S&P Global 123.54 Bn 121.73 Bn 2.94 Bn 45.74%
2 Cme 93.95 Bn 93.95 Bn 1.65 Bn 77.82%
3 Intercontinental Exchange 86.02 Bn 84.27 Bn - 63.72%
4 Moodys 83.68 Bn 82.18 Bn 1.67 Bn 53.59%
5 Nasdaq 53.85 Bn 53.14 Bn 1.50 Bn 25.79%
6 Coinbase Global 43.36 Bn 32.93 Bn 1.33 Bn -32.89%
7 Msci 41.57 Bn 41.22 Bn 717.10 Mn 48.13%
8 Cboe Global Markets 30.85 Bn 28.68 Bn 728.90 Mn 40.50%
9 TransUnion 16.17 Bn 15.44 Bn 726.20 Mn 34.37%
10 Morningstar 7.43 Bn 6.90 Bn 405.90 Mn 21.99%

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 11.03%