Morningstar (MORN) Enterprise Value (2009 - 2026)
Morningstar's Enterprise Value came in at $6.53 billion for Q3 2026, down 28.4% from $9.12 billion a year earlier but up 22.5% from the prior quarter.
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Analysis
Morningstar (MORN) Enterprise Value (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Morningstar reported Enterprise Value of $4.94 billion, down 33.8% 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 five-year range for quarterly Enterprise Value is $5.33 billion (Q2 2026) to $14.21 billion (Q4 2021).
- Year-over-year, Enterprise Value has declined for five consecutive quarters, with an average decline of 24.2% over the last eight quarters.
- The fastest year-over-year change in Enterprise Value over five years came in Q1 2024 (growth of 54.7%), and the weakest in Q2 2026 (a decline of 58.0%).
- Business Quant data shows MORN's Enterprise Value at $5.33 billion (Q2 2026), $5.9 billion (Q1 2026) and $8.11 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.53 Bn |
| 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 |
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();