Morningstar (MORN) Enterprise Value (2009 - 2026)
Morningstar's Enterprise Value came in at $5.33 billion for Q2 2026, down 58.0% from $12.7 billion a year earlier and down 9.6% from the prior quarter.
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Analysis
Morningstar (MORN) Enterprise Value (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Morningstar reported Enterprise Value of $3.75 billion, down 65.8% year-over-year; for FY2025, it was $8.11 billion, down 41.6% from FY2024.
- Enterprise Value carries a five-year compound annual growth rate of -3.1% (FY2020 to FY2025).
- Going back by year, Enterprise Value was $13.89 billion in FY2024 (+17.3%), $11.84 billion in FY2023 (+34.8%), $8.79 billion in FY2022 (-38.2%) and $14.21 billion in FY2021 (+50.0%).
- The Q2 2026 figure represents the lowest quarterly Enterprise Value since Q1 2020.
- Year-over-year, Enterprise Value has declined for four consecutive quarters, with an average decline of 16.2% over the last eight quarters.
- The fastest year-over-year change in Enterprise Value over five years came in Q3 2021 (growth of 64.2%), and the weakest in Q2 2026 (a decline of 58.0%).
- Business Quant data shows MORN's Enterprise Value at $5.9 billion (Q1 2026), $8.11 billion (Q4 2025) and $9.12 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 115.73 Bn | 111.34 Bn | 2.98 Bn |
| 2 | Moodys | 78.77 Bn | 71.20 Bn | 1.67 Bn |
| 3 | Msci | 39.23 Bn | 37.58 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 21.59 Bn | 16.23 Bn | 572.90 Mn |
| 5 | Equifax | 16.56 Bn | 15.96 Bn | 926.40 Mn |
| 6 | TransUnion | 12.32 Bn | 9.30 Bn | - |
| 7 | Factset Research Systems | 9.30 Bn | 8.06 Bn | 310.73 Mn |
| 8 | Morningstar | 6.99 Bn | 4.89 Bn | 423.90 Mn |
| 9 | Mastercard | 490.78 Bn | 450.70 Bn | - |
| 10 | Cme | 94.57 Bn | 94.57 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.33 Bn |
| Mar 31, 2026 | 5.90 Bn |
| Dec 31, 2025 | 8.11 Bn |
| Sep 30, 2025 | 9.12 Bn |
| Jun 30, 2025 | 12.70 Bn |
| Mar 31, 2025 | 12.19 Bn |
| Dec 31, 2024 | 13.89 Bn |
| Sep 30, 2024 | 13.08 Bn |
| Jun 30, 2024 | 12.23 Bn |
| Mar 31, 2024 | 12.77 Bn |
| Dec 31, 2023 | 11.84 Bn |
| Sep 30, 2023 | 9.64 Bn |
| Jun 30, 2023 | 7.98 Bn |
| Mar 31, 2023 | 8.25 Bn |
| Dec 31, 2022 | 8.79 Bn |
| Sep 30, 2022 | 8.61 Bn |
| Jun 30, 2022 | 9.86 Bn |
| Mar 31, 2022 | 11.14 Bn |
| Dec 31, 2021 | 14.21 Bn |
| Sep 30, 2021 | 10.68 Bn |
API Access
Morningstar Enterprise Value 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=enterprise-value&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "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=enterprise-value&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();