Morningstar (MORN) EBT Margin (2009 - 2026)
Morningstar's (MORN) quarterly EBT Margin came in at 22.17% in 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.
Analysis
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.
- On a quarterly basis, EBT Margin rose 291.0% year-over-year to 22.17% in Q2 2026; TTM through Jun 2026 was 21.93%, a 107.0% decrease from a year earlier, with the FY2025 full-year figure at 20.4%, down 119.0% from the prior year.
- EBT Margin was 22.17% for Q2 2026 at Morningstar, up from 21.99% in the prior quarter.
- Over five years, EBT Margin peaked at 27.56% in Q4 2024 and troughed at 0.49% in Q3 2022.
- A 5-year average of 15.23% and a median of 16.4% in 2024 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin tumbled 1523 bps in 2022 and jumped 1559 bps in 2024, its largest moves.
- Over 5 years, EBT Margin stood at 6.44% in 2022, then surged by 160 bps to 16.76% in 2023, then surged by 64 bps to 27.56% in 2024, then retreated by 15 bps to 23.54% in 2025, then dropped by 6 bps to 22.17% in 2026.
- The last three EBT Margin figures came in at 22.17% (Q2 2026), 21.99% (Q1 2026), and 23.54% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 121.34 Bn | 117.20 Bn | 2.98 Bn | 41.70% |
| 2 | Moodys | 81.34 Bn | 79.84 Bn | 1.67 Bn | 53.59% |
| 3 | Msci | 39.85 Bn | 39.49 Bn | 717.10 Mn | 48.13% |
| 4 | Verisk Analytics | 22.97 Bn | 22.42 Bn | 572.90 Mn | 37.63% |
| 5 | Factset Research Systems | 9.48 Bn | 9.17 Bn | 310.73 Mn | 24.74% |
| 6 | Morningstar | 7.30 Bn | 6.77 Bn | 423.90 Mn | 22.17% |
Historic Data
Download Data
Historic 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% |