Morningstar (MORN) EBT Margin (2009 - 2026)
Morningstar (MORN) reported EBT Margin of 21.99% for Q1 2026, up 335.0% year-over-year from 5.06% in Q1 2025, and down 6.57% on a QoQ basis from 23.54% in Q4 2025.
Morningstar (MORN) has 18 years of EBT Margin data on file, last reported at 21.99% in Q1 2026.
- Quarterly EBT Margin rose 335.0% year-over-year to 21.99% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.22% (down 94.0% YoY) and the FY2025 annual result came in at 20.4%, down 119.0% from the prior year.
- EBT Margin slipped to 21.99% in Q1 2026 per MORN's latest filing, from 23.54% 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.
- The 5-year median for EBT Margin is 16.03% (2024), against an average of 14.82%.
- The widest annual swing landed in 2022, when EBT Margin plunged 1523 bps; it then soared 1559 bps in 2024.
- Tracing MORN's EBT Margin over 5 years: 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 fell by 15 bps to 23.54% in 2025, then declined by 7 bps to 21.99% in 2026.
- Per Business Quant, the three latest MORN EBT Margin figures stand at 21.99% (Q1 2026), 23.54% (Q4 2025), and 19.94% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 45.74% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 80.36% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 63.72% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 41.85% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 31.68% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -32.89% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 45.75% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 40.50% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 34.37% |
| 10 | Morningstar | 7.12 Bn | 6.58 Bn | 405.90 Mn | 21.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Mar 31, 2021 | 17.13% |
| Dec 31, 2020 | 24.55% |
| Sep 30, 2020 | 25.90% |
| Jun 30, 2020 | 19.49% |
| Mar 31, 2020 | 10.25% |
| Dec 31, 2019 | 10.74% |
| Sep 30, 2019 | 20.24% |
| Jun 30, 2019 | 19.39% |
| Mar 31, 2019 | 17.84% |
| Dec 31, 2018 | 18.42% |
| Sep 30, 2018 | 27.82% |
| Jun 30, 2018 | 21.79% |
| Mar 31, 2018 | 23.33% |
| Dec 31, 2017 | 17.24% |
| Sep 30, 2017 | 22.10% |
| Jun 30, 2017 | 26.75% |
| Mar 31, 2017 | 12.94% |
| Dec 31, 2016 | 41.66% |
| Sep 30, 2016 | 23.61% |
| Jun 30, 2016 | 23.92% |
| Mar 31, 2016 | 22.28% |
| Dec 31, 2015 | 25.55% |
| Sep 30, 2015 | 24.37% |
| Jun 30, 2015 | 24.89% |
| Mar 31, 2015 | 23.23% |
| Dec 31, 2014 | 24.64% |
| Sep 30, 2014 | 23.30% |
| Jun 30, 2014 | -9.98% |
| Mar 31, 2014 | 21.74% |
| Dec 31, 2013 | 24.61% |
| Sep 30, 2013 | 26.16% |
| Jun 30, 2013 | 26.62% |
| Mar 31, 2013 | 24.58% |
| Dec 31, 2012 | 22.68% |
| Sep 30, 2012 | 25.94% |
| Jun 30, 2012 | 25.39% |
| Mar 31, 2012 | 19.32% |
| Dec 31, 2011 | 22.48% |
| Sep 30, 2011 | 20.80% |
| Jun 30, 2011 | 23.98% |
| Mar 31, 2011 | 21.47% |
| Dec 31, 2010 | 21.81% |
| Sep 30, 2010 | 26.01% |
| Jun 30, 2010 | 20.35% |
| Mar 31, 2010 | 23.98% |
| Dec 31, 2009 | 19.01% |
| Sep 30, 2009 | 28.71% |
| Jun 30, 2009 | 29.00% |