Morningstar (MORN) Enterprise Value (2009 - 2026)
Morningstar (MORN) posted quarterly Enterprise Value of -$523.8 million for Q2 2026, up 3.29% year-over-year from -$507.1 million in Q2 2025, and up 1.58% quarter-over-quarter from -$532.2 million in Q1 2026.
Morningstar (MORN) Enterprise Value (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported Enterprise Value for 18 consecutive years, with -$523.8 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Enterprise Value rose 3.29% year-over-year to -$523.8 million; the TTM figure through Jun 2026 stood at -$523.8 million (up 3.29% YoY), while the FY2025 annual figure was -$528.7 million, up 4.05% from the prior year.
- Enterprise Value advanced to -$523.8 million in Q2 2026 per MORN's latest filing, from -$532.2 million in the prior quarter.
- Across five years, Enterprise Value topped out at -$363.7 million in Q3 2023 and bottomed at -$601.7 million in Q3 2024.
- Historically, Enterprise Value has averaged -$472.3 million across 5 years, with a median of -$476.8 million in 2024.
- Annual changes were most pronounced in 2023 — Enterprise Value climbed 29.27% — and 2024, when it plunged 65.44%.
- Morningstar's Enterprise Value stood at -$414.6 million in 2022, then advanced by 6.17% to -$389.0 million in 2023, then tumbled by 41.65% to -$551.0 million in 2024, then rose by 4.05% to -$528.7 million in 2025, then advanced by 0.93% to -$523.8 million in 2026.
- Business Quant data shows MORN's Enterprise Value at -$523.8 million in Q2 2026, -$532.2 million in Q1 2026, and -$528.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 883.00 Mn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | -2.28 Bn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | -1.88 Bn |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | -1.36 Bn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | -713.00 Mn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | -8.79 Bn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | -356.40 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | -2.39 Bn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | -683.40 Mn |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn | -523.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -523.80 Mn |
| Mar 31, 2026 | -532.20 Mn |
| Dec 31, 2025 | -528.70 Mn |
| Sep 30, 2025 | -514.50 Mn |
| Jun 30, 2025 | -541.60 Mn |
| Mar 31, 2025 | -559.20 Mn |
| Dec 31, 2024 | -551.00 Mn |
| Sep 30, 2024 | -601.70 Mn |
| Jun 30, 2024 | -439.20 Mn |
| Mar 31, 2024 | -409.10 Mn |
| Dec 31, 2023 | -389.00 Mn |
| Sep 30, 2023 | -363.70 Mn |
| Jun 30, 2023 | -378.20 Mn |
| Mar 31, 2023 | -385.40 Mn |
| Dec 31, 2022 | -414.60 Mn |
| Sep 30, 2022 | -407.10 Mn |
| Jun 30, 2022 | -416.80 Mn |
| Mar 31, 2022 | -544.90 Mn |
| Dec 31, 2021 | -546.10 Mn |
| Sep 30, 2021 | -487.30 Mn |