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| 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% |