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.

• On a quarterly basis, Gross Margin rose 272.0% year-over-year to 62.95% in Q1 2026; TTM through Mar 2026 was 61.71%, a 99.0% increase from a year earlier, with the FY2025 full-year figure at 61.03%, up 40.0% from the prior year.
• Gross Margin for Q1 2026 stood at 62.95%, up from 61.13% in the prior quarter.
• Over the last five years, Gross Margin for MORN reached as high as 62.95% in Q1 2026 and fell as low as 54.39% in Q1 2023.
• Historically, Gross Margin has averaged 59.82% across 5 years, with a median of 60.64% in 2023.
• Across the five-year window, Gross Margin plunged 375 bps in 2023 and jumped 543 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 58.95% in 2022, then rose by 5 bps to 61.87% in 2023, then decreased by 2 bps to 60.71% in 2024, then grew by 1 bps to 61.13% in 2025, then rose by 3 bps to 62.95% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 62.95% in Q1 2026, 61.13% in Q4 2025, and 60.85% in Q3 2025.