Morningstar (MORN) Gross Margin (2009 - 2026)

Morningstar (MORN) has 18 years of Gross Margin data on file, last reported at 62.95% in Q1 2026.

• Gross Margin for Q1 2026 came in at 62.95%, down 1770.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 66.74% (down 392.0% YoY), and the FY2025 annual result was 61.03%, up 40.0% from the prior year.
• Gross Margin rose to 62.95% in Q1 2026 per MORN's latest filing, from 61.13% in the prior quarter.
• Over five years, Gross Margin peaked at 147.96% in Q4 2022 and troughed at 57.99% in Q2 2022.
• A 5-year average of 76.29% and a median of 78.3% in 2023 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2022 and 2023: Gross Margin soared 8898 bps in 2022, then slumped 8609 bps in 2023.
• A 5-year view of Gross Margin shows it stood at 147.96% in 2022, then slumped by 58 bps to 61.87% in 2023, then declined by 2 bps to 60.71% in 2024, then gained by 1 bps to 61.13% in 2025, then climbed by 3 bps to 62.95% in 2026.
• Business Quant data shows MORN's Gross Margin at 62.95% in Q1 2026, 61.13% in Q4 2025, and 81.29% in Q3 2025.