Morningstar (MORN) Exchange Rate Effect (2009 - 2026)
Morningstar's Exchange Rate Effect was $500,000 in Q3 2026, compared with -$3.9 million a year earlier.
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Analysis
Morningstar (MORN) Exchange Rate Effect (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Morningstar's Exchange Rate Effect was -$5.6 million through Sep 30, 2026; for FY2025, it came in at $36.1 million.
- Exchange Rate Effect shows a five-year compound annual growth rate of 29.0% (FY2020 to FY2025).
- In earlier years, Exchange Rate Effect was -$21.1 million in FY2024, $5.2 million in FY2023, -$20.8 million in FY2022 and -$9.1 million in FY2021.
- Quarterly Exchange Rate Effect has moved between -$28.6 million (Q4 2024) and $25.4 million (Q2 2025) over five years.
- Per Business Quant data, MORN's Exchange Rate Effect in the three quarters before Q3 2026 was -$2.4 million (Q2 2026), -$5.7 million (Q1 2026) and $2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FX Effect (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn | 3.00 Mn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn | 5.00 Mn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn | -100,000.00 |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn | -2.00 Mn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn | -800,000.00 |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - | -6.70 Mn |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn | -631,000.00 |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn | 500,000.00 |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - | -11.00 Mn |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 500,000.00 |
| Jun 30, 2026 | -2.40 Mn |
| Mar 31, 2026 | -5.70 Mn |
| Dec 31, 2025 | 2.00 Mn |
| Sep 30, 2025 | -3.90 Mn |
| Jun 30, 2025 | 25.40 Mn |
| Mar 31, 2025 | 12.60 Mn |
| Dec 31, 2024 | -28.60 Mn |
| Sep 30, 2024 | 15.90 Mn |
| Jun 30, 2024 | -800,000.00 |
| Mar 31, 2024 | -7.60 Mn |
| Dec 31, 2023 | 11.30 Mn |
| Sep 30, 2023 | -7.60 Mn |
| Jun 30, 2023 | -200,000.00 |
| Mar 31, 2023 | 1.70 Mn |
| Dec 31, 2022 | 15.40 Mn |
| Sep 30, 2022 | -16.50 Mn |
| Jun 30, 2022 | -17.80 Mn |
| Mar 31, 2022 | -1.90 Mn |
| Dec 31, 2021 | -500,000.00 |
API Access
Morningstar Exchange Rate Effect 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=exchange-rate-effect&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "exchange-rate-effect", "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=exchange-rate-effect&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();