Morningstar (MORN) Free Cash Flow (2009 - 2026)
Morningstar (MORN) posted quarterly Free Cash Flow of $122.5 million for Q2 2026, up 96.31% year-over-year from $62.4 million in Q2 2025, and up 128.54% quarter-over-quarter from $53.6 million in Q1 2026.
Morningstar (MORN) Free Cash Flow (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported Free Cash Flow for 18 consecutive years, with $122.5 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Free Cash Flow rose 96.31% year-over-year to $122.5 million; the TTM figure through Jun 2026 stood at $497.5 million (up 27.63% YoY), while the FY2025 annual figure was $442.6 million, down 1.4% from the prior year.
- Free Cash Flow rose to $122.5 million in Q2 2026 per MORN's latest filing, from $53.6 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $161.3 million in Q4 2025 and bottomed at -$6.1 million in Q1 2023.
- Historically, Free Cash Flow has averaged $79.6 million across 5 years, with a median of $67.9 million in 2022.
- Annual changes were most pronounced in 2023 — Free Cash Flow slumped 115.68% — and 2024, when it soared 2182.76%.
- Morningstar's Free Cash Flow stood at $67.4 million in 2022, then surged by 59.94% to $107.8 million in 2023, then climbed by 4.64% to $112.8 million in 2024, then soared by 43.0% to $161.3 million in 2025, then declined by 24.05% to $122.5 million in 2026.
- Business Quant data shows MORN's Free Cash Flow at $122.5 million in Q2 2026, $53.6 million in Q1 2026, and $161.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 1.40 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 923.50 Mn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 1.88 Bn |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 688.00 Mn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 634.00 Mn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 197.31 Mn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 337.40 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | -536.30 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 305.70 Mn |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn | 122.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 122.50 Mn |
| Jun 30, 2026 | 122.50 Mn |
| Mar 31, 2026 | 53.60 Mn |
| Mar 31, 2026 | 53.60 Mn |
| Dec 31, 2025 | 161.30 Mn |
| Dec 31, 2025 | 161.30 Mn |
| Sep 30, 2025 | 160.10 Mn |
| Sep 30, 2025 | 160.10 Mn |
| Jun 30, 2025 | 62.40 Mn |
| Jun 30, 2025 | 62.40 Mn |
| Mar 31, 2025 | 58.80 Mn |
| Mar 31, 2025 | 58.80 Mn |
| Dec 31, 2024 | 112.80 Mn |
| Dec 31, 2024 | 112.80 Mn |
| Sep 30, 2024 | 155.80 Mn |
| Sep 30, 2024 | 155.80 Mn |
| Jun 30, 2024 | 120.80 Mn |
| Jun 30, 2024 | 120.80 Mn |
| Mar 31, 2024 | 59.50 Mn |
| Mar 31, 2024 | 59.50 Mn |