Morningstar (MORN) Goodwill (2009 - 2026)
Morningstar's Goodwill was $1.75 billion in Q3 2026, up 8.1% from $1.61 billion a year earlier and unchanged from the prior quarter.
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Analysis
Morningstar (MORN) Goodwill (2009 - 2026) Analysis & Trends
At the end of FY2025, Goodwill at Morningstar came in at $1.61 billion, up 3.1% from FY2024.
- Goodwill shows a five-year compound annual growth rate of 6.0% (FY2020 to FY2025).
- In earlier years, Goodwill was $1.56 billion in FY2024 (-1.1%), $1.58 billion in FY2023 (+0.5%), $1.57 billion in FY2022 (+30.2%) and $1.21 billion in FY2021 (+0.2%).
- Quarterly Goodwill has moved between $1.2 billion (Q1 2022) and $1.75 billion (Q1 2026) over five years.
- Compared with a year earlier, Goodwill has increased for seven straight quarters, with growth averaging 4.3% over the last eight quarters.
- The best year-over-year quarter for Goodwill over five years was Q1 2023 (growth of 31.1%); the worst was Q4 2024 (a decline of 1.1%).
- Per Business Quant data, MORN's Goodwill in the three quarters before Q3 2026 was $1.75 billion (Q2 2026), $1.75 billion (Q1 2026) and $1.61 billion (Q4 2025).
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 | 1.75 Bn |
| Jun 30, 2026 | 1.75 Bn |
| Mar 31, 2026 | 1.75 Bn |
| Dec 31, 2025 | 1.61 Bn |
| Sep 30, 2025 | 1.61 Bn |
| Jun 30, 2025 | 1.62 Bn |
| Mar 31, 2025 | 1.60 Bn |
| Dec 31, 2024 | 1.56 Bn |
| Sep 30, 2024 | 1.58 Bn |
| Jun 30, 2024 | 1.57 Bn |
| Mar 31, 2024 | 1.57 Bn |
| Dec 31, 2023 | 1.58 Bn |
| Sep 30, 2023 | 1.57 Bn |
| Jun 30, 2023 | 1.58 Bn |
| Mar 31, 2023 | 1.58 Bn |
| Dec 31, 2022 | 1.57 Bn |
| Sep 30, 2022 | 1.54 Bn |
| Jun 30, 2022 | 1.58 Bn |
| Mar 31, 2022 | 1.20 Bn |
| Dec 31, 2021 | 1.21 Bn |
API Access
Morningstar Goodwill 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=goodwill&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill", "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=goodwill&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();