Morningstar (MORN) EBT Margin (2009 - 2026)
Morningstar (MORN) posted EBT Margin of 22.68% for Q3 2026, up 2.74 percentage points from 19.94% a year earlier and up 0.51 percentage points from the prior quarter.
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Analysis
Morningstar (MORN) EBT Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBT Margin at Morningstar was 22.59%, up 1.26 percentage points year-over-year; for FY2025, it was 20.40%, down 1.19 percentage points from FY2024.
- Annual EBT Margin shows a five-year change of +0.04 percentage points (FY2020 to FY2025).
- In prior years, Morningstar's EBT Margin was 21.59% in FY2024 (+12.69 pp), 8.90% in FY2023 (+1.92 pp), 6.98% in FY2022 (-7.76 pp) and 14.74% in FY2021 (-5.63 pp).
- Quarterly EBT Margin has run from a low of -0.49% in Q3 2022 to a high of 27.56% in Q4 2024 over five years.
- On a year-over-year basis, EBT Margin has increased in each of the last three quarters, with an average year-over-year change of +1.91 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBT Margin in the past five years was Q1 2024, with a gain of 15.59 percentage points; the weakest was Q3 2022, with a drop of 15.23 percentage points.
- According to Business Quant data, EBT Margin for the three prior quarters was 22.17% (Q2 2026), 21.99% (Q1 2026) and 23.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn | 47.97% |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn | 50.92% |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn | 47.85% |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn | 36.44% |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn | 17.54% |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - | 15.92% |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn | 22.75% |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn | 22.68% |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - | 58.54% |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 77.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.68% |
| 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% |
API Access
Morningstar EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();