Morningstar (MORN) FCF Margin (2009 - 2026)
Morningstar (MORN) posted quarterly FCF Margin of 18.47% for Q2 2026, up 816.0% year-over-year from 2.02% in Q2 2025, and up 122.2% quarter-over-quarter from 8.31% in Q1 2026.
Morningstar (MORN) FCF Margin (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported FCF Margin for 18 consecutive years, with 18.47% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 816.0% year-over-year to 18.47%; the TTM figure through Jun 2026 stood at 19.38% (up 278.0% YoY), while the FY2025 annual figure was 18.1%, down 163.0% from the prior year.
- FCF Margin rose to 18.47% in Q2 2026 per MORN's latest filing, from 8.31% in the prior quarter.
- Across five years, FCF Margin topped out at 27.36% in Q3 2024 and bottomed at 1.27% in Q1 2023.
- Historically, FCF Margin has averaged 13.88% across 5 years, with a median of 14.4% in 2022.
- Annual changes were most pronounced in 2022 — FCF Margin sank 1825 bps — and 2024, when it soared 2227 bps.
- Morningstar's FCF Margin stood at 14.19% in 2022, then soared by 41 bps to 20.01% in 2023, then fell by 5 bps to 19.09% in 2024, then soared by 32 bps to 25.16% in 2025, then slipped by 27 bps to 18.47% in 2026.
- Business Quant data shows MORN's FCF Margin at 18.47% in Q2 2026, 8.31% in Q1 2026, and 25.16% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 128.16 Bn | 124.02 Bn | 2.98 Bn | 33.79% |
| 2 | Cme | 98.56 Bn | 98.56 Bn | 1.65 Bn | 54.13% |
| 3 | Intercontinental Exchange | 91.19 Bn | 89.24 Bn | - | 52.06% |
| 4 | Moodys | 88.16 Bn | 86.66 Bn | 1.67 Bn | 31.49% |
| 5 | Nasdaq | 55.38 Bn | 54.67 Bn | 1.50 Bn | 25.04% |
| 6 | Coinbase Global | 50.19 Bn | 41.40 Bn | 1.16 Bn | 16.17% |
| 7 | Msci | 41.45 Bn | 41.09 Bn | 717.10 Mn | 38.92% |
| 8 | Cboe Global Markets | 31.31 Bn | 28.92 Bn | 731.60 Mn | -37.17% |
| 9 | TransUnion | 16.57 Bn | 15.73 Bn | 765.00 Mn | 23.34% |
| 10 | Morningstar | 8.19 Bn | 7.67 Bn | 423.90 Mn | 18.47% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.47% |
| Mar 31, 2026 | 8.31% |
| Dec 31, 2025 | 25.16% |
| Sep 30, 2025 | 25.93% |
| Jun 30, 2025 | 10.31% |
| Mar 31, 2025 | 10.10% |
| Dec 31, 2024 | 19.09% |
| Sep 30, 2024 | 27.36% |
| Jun 30, 2024 | 21.12% |
| Mar 31, 2024 | 10.96% |
| Dec 31, 2023 | 20.01% |
| Sep 30, 2023 | 19.67% |
| Jun 30, 2023 | -1.15% |
| Mar 31, 2023 | -1.27% |
| Dec 31, 2022 | 14.19% |
| Sep 30, 2022 | 14.61% |
| Jun 30, 2022 | 7.87% |
| Mar 31, 2022 | -0.98% |
| Dec 31, 2021 | 22.87% |
| Sep 30, 2021 | 21.54% |