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% quarter-over-quarter 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.
- EBT Margin for Q1 2026 came in at 21.99%, up 335.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.22% (down 94.0% YoY), and the FY2025 annual result was 20.4%, down 119.0% from the prior year.
- EBT Margin retreated to 21.99% in Q1 2026 per MORN's latest filing, from 23.54% 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 14.82% and a median of 16.03% in 2024 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2022 and 2024: EBT Margin slumped 1523 bps in 2022, then surged 1559 bps in 2024.
- A 5-year view of EBT Margin shows it 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 decreased by 15 bps to 23.54% in 2025, then retreated by 7 bps to 21.99% in 2026.
- Business Quant data shows MORN's EBT Margin at 21.99% in Q1 2026, 23.54% in Q4 2025, and 19.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 45.74% |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 80.36% |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 41.85% |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 63.72% |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 31.68% |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -32.89% |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 45.75% |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 40.50% |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 34.37% |
| 10 | Morningstar | 6.04 Bn | 5.51 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% |