Morningstar (MORN) Goodwill & Intangibles (2009 - 2026)
Morningstar's Goodwill & Intangibles came in at $2.3 billion for Q3 2026, up 14.2% from $2.01 billion a year earlier but down 0.8% from the prior quarter.
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Analysis
Morningstar (MORN) Goodwill & Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Morningstar's Goodwill & Intangibles was $1.99 billion, up 1.0% from FY2024.
- Goodwill & Intangibles carries a five-year compound annual growth rate of 4.7% (FY2020 to FY2025).
- Going back by year, Goodwill & Intangibles was $1.97 billion in FY2024 (-4.5%), $2.06 billion in FY2023 (-2.7%), $2.12 billion in FY2022 (+38.1%) and $1.54 billion in FY2021 (-3.1%).
- The five-year range for quarterly Goodwill & Intangibles is $1.52 billion (Q1 2022) to $2.34 billion (Q1 2026).
- Year-over-year, Goodwill & Intangibles has increased for four consecutive quarters, with growth averaging 5.0% over the last eight quarters.
- The fastest year-over-year change in Goodwill & Intangibles over five years came in Q2 2022 (growth of 39.1%), and the weakest in Q4 2024 (a decline of 4.5%).
- Business Quant data shows MORN's Goodwill & Intangibles at $2.31 billion (Q2 2026), $2.34 billion (Q1 2026) and $1.99 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 | 135.95 Bn | 125.80 Bn | 2.64 Bn |
| 2 | Moodys | 87.18 Bn | 80.11 Bn | 1.50 Bn |
| 3 | Msci | 46.24 Bn | 44.72 Bn | 739.80 Mn |
| 4 | Verisk Analytics | 26.46 Bn | 21.10 Bn | 572.90 Mn |
| 5 | Equifax | 22.29 Bn | 21.56 Bn | 940.10 Mn |
| 6 | TransUnion | 15.65 Bn | 12.34 Bn | - |
| 7 | Factset Research Systems | 11.79 Bn | 10.64 Bn | 308.40 Mn |
| 8 | Morningstar | 9.04 Bn | 6.93 Bn | 431.40 Mn |
| 9 | Mastercard | 577.18 Bn | 537.27 Bn | - |
| 10 | Cme | 108.04 Bn | 96.37 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.30 Bn |
| Jun 30, 2026 | 2.31 Bn |
| Mar 31, 2026 | 2.34 Bn |
| Dec 31, 2025 | 1.99 Bn |
| Sep 30, 2025 | 2.01 Bn |
| Jun 30, 2025 | 2.03 Bn |
| Mar 31, 2025 | 2.02 Bn |
| Dec 31, 2024 | 1.97 Bn |
| Sep 30, 2024 | 2.01 Bn |
| Jun 30, 2024 | 2.01 Bn |
| Mar 31, 2024 | 2.04 Bn |
| Dec 31, 2023 | 2.06 Bn |
| Sep 30, 2023 | 2.06 Bn |
| Jun 30, 2023 | 2.10 Bn |
| Mar 31, 2023 | 2.11 Bn |
| Dec 31, 2022 | 2.12 Bn |
| Sep 30, 2022 | 2.10 Bn |
| Jun 30, 2022 | 2.17 Bn |
| Mar 31, 2022 | 1.52 Bn |
| Dec 31, 2021 | 1.54 Bn |
API Access
Morningstar Goodwill & Intangibles 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-and-intangibles&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "goodwill-and-intangibles", "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-and-intangibles&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();