Morningstar (MORN) Gross Profit (2009 - 2026)
Morningstar (MORN) reported Gross Profit of $405.9 million for Q1 2026, down 13.51% year-over-year from $469.3 million in Q1 2025, and up 3.57% on a QoQ basis from $391.9 million in Q4 2025.
Morningstar (MORN) has 18 years of Gross Profit data on file, last reported at $405.9 million in Q1 2026.
- Quarterly Gross Profit fell 13.51% year-over-year to $405.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 2.37% YoY) and the FY2025 annual result came in at $1.5 billion, up 8.21% from the prior year.
- Gross Profit rose to $405.9 million in Q1 2026 per MORN's latest filing, from $391.9 million in the prior quarter.
- Across five years, Gross Profit topped out at $702.8 million in Q4 2022 and bottomed at $272.8 million in Q2 2022.
- The 5-year median for Gross Profit is $391.9 million (2025), against an average of $411.0 million.
- The widest annual swing landed in 2022, when Gross Profit surged 157.81%; it then tumbled 52.58% in 2023.
- Tracing MORN's Gross Profit over 5 years: stood at $702.8 million in 2022, then plunged by 52.58% to $333.3 million in 2023, then advanced by 7.65% to $358.8 million in 2024, then advanced by 9.23% to $391.9 million in 2025, then rose by 3.57% to $405.9 million in 2026.
- Per Business Quant, the three latest MORN Gross Profit figures stand at $405.9 million (Q1 2026), $391.9 million (Q4 2025), and $501.9 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn |
| 10 | Morningstar | 7.12 Bn | 6.58 Bn | 405.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 405.90 Mn |
| Mar 31, 2026 | 405.90 Mn |
| Dec 31, 2025 | 391.90 Mn |
| Dec 31, 2025 | 391.90 Mn |
| Sep 30, 2025 | 501.90 Mn |
| Sep 30, 2025 | 501.90 Mn |
| Jun 30, 2025 | 374.50 Mn |
| Jun 30, 2025 | 374.50 Mn |
| Mar 31, 2025 | 469.30 Mn |
| Mar 31, 2025 | 469.30 Mn |
| Dec 31, 2024 | 358.80 Mn |
| Dec 31, 2024 | 358.80 Mn |
| Sep 30, 2024 | 346.70 Mn |
| Sep 30, 2024 | 346.70 Mn |
| Jun 30, 2024 | 460.60 Mn |
| Jun 30, 2024 | 460.60 Mn |
| Mar 31, 2024 | 438.20 Mn |
| Mar 31, 2024 | 438.20 Mn |
| Dec 31, 2023 | 333.30 Mn |
| Dec 31, 2023 | 333.30 Mn |
| Sep 30, 2023 | 409.20 Mn |
| Sep 30, 2023 | 409.20 Mn |
| Jun 30, 2023 | 395.20 Mn |
| Jun 30, 2023 | 395.20 Mn |
| Mar 31, 2023 | 372.10 Mn |
| Mar 31, 2023 | 372.10 Mn |
| Dec 31, 2022 | 702.80 Mn |
| Dec 31, 2022 | 702.80 Mn |
| Sep 30, 2022 | 378.50 Mn |
| Sep 30, 2022 | 378.50 Mn |
| Jun 30, 2022 | 272.80 Mn |
| Jun 30, 2022 | 272.80 Mn |
| Mar 31, 2022 | 375.60 Mn |
| Mar 31, 2022 | 375.60 Mn |
| Dec 31, 2021 | 272.60 Mn |
| Dec 31, 2021 | 272.60 Mn |
| Sep 30, 2021 | 356.00 Mn |
| Sep 30, 2021 | 356.00 Mn |
| Jun 30, 2021 | 348.90 Mn |
| Jun 30, 2021 | 348.90 Mn |
| Mar 31, 2021 | 235.50 Mn |
| Mar 31, 2021 | 235.50 Mn |
| Dec 31, 2020 | 324.70 Mn |
| Dec 31, 2020 | 324.70 Mn |
| Sep 30, 2020 | 218.50 Mn |
| Sep 30, 2020 | 218.50 Mn |
| Jun 30, 2020 | 280.70 Mn |
| Jun 30, 2020 | 280.70 Mn |
| Mar 31, 2020 | 273.10 Mn |
| Mar 31, 2020 | 273.10 Mn |
| Dec 31, 2019 | -21.00 Mn |
| Dec 31, 2019 | -21.00 Mn |
| Sep 30, 2019 | 269.80 Mn |
| Sep 30, 2019 | 269.80 Mn |
| Jun 30, 2019 | 166.40 Mn |
| Jun 30, 2019 | 166.40 Mn |
| Mar 31, 2019 | 218.90 Mn |
| Mar 31, 2019 | 218.90 Mn |
| Dec 31, 2018 | 227.90 Mn |
| Dec 31, 2018 | 227.90 Mn |
| Sep 30, 2018 | 225.50 Mn |
| Sep 30, 2018 | 225.50 Mn |
| Jun 30, 2018 | 213.00 Mn |
| Jun 30, 2018 | 213.00 Mn |
| Mar 31, 2018 | 205.00 Mn |
| Mar 31, 2018 | 205.00 Mn |
| Dec 31, 2017 | 209.00 Mn |
| Dec 31, 2017 | 209.00 Mn |
| Sep 30, 2017 | 139.00 Mn |
| Sep 30, 2017 | 139.00 Mn |
| Jun 30, 2017 | 133.90 Mn |
| Jun 30, 2017 | 133.90 Mn |
| Mar 31, 2017 | 177.10 Mn |
| Mar 31, 2017 | 177.10 Mn |
| Dec 31, 2016 | 370.90 Mn |
| Dec 31, 2016 | 370.90 Mn |
| Sep 30, 2016 | 111.20 Mn |
| Sep 30, 2016 | 111.20 Mn |
| Jun 30, 2016 | 112.10 Mn |
| Jun 30, 2016 | 112.10 Mn |
| Mar 31, 2016 | 106.80 Mn |
| Mar 31, 2016 | 106.80 Mn |
| Dec 31, 2015 | 178.80 Mn |
| Dec 31, 2015 | 178.80 Mn |
| Sep 30, 2015 | 172.00 Mn |
| Sep 30, 2015 | 172.00 Mn |
| Jun 30, 2015 | 177.00 Mn |
| Jun 30, 2015 | 177.00 Mn |
| Mar 31, 2015 | 111.10 Mn |
| Mar 31, 2015 | 111.10 Mn |
| Dec 31, 2014 | 322.70 Mn |
| Dec 31, 2014 | 322.70 Mn |
| Sep 30, 2014 | 166.30 Mn |
| Sep 30, 2014 | 166.30 Mn |
| Jun 30, 2014 | 107.90 Mn |
| Jun 30, 2014 | 107.90 Mn |
| Mar 31, 2014 | 152.80 Mn |
| Mar 31, 2014 | 152.80 Mn |
| Dec 31, 2013 | -12.11 Mn |
| Dec 31, 2013 | -12.11 Mn |
| Sep 30, 2013 | 150.71 Mn |
| Sep 30, 2013 | 150.71 Mn |
| Jun 30, 2013 | 111.00 Mn |
| Jun 30, 2013 | 111.00 Mn |
| Mar 31, 2013 | 107.21 Mn |
| Mar 31, 2013 | 107.21 Mn |
| Dec 31, 2012 | 5.26 Mn |
| Dec 31, 2012 | 5.26 Mn |
| Sep 30, 2012 | 135.22 Mn |
| Sep 30, 2012 | 135.22 Mn |
| Jun 30, 2012 | 116.52 Mn |
| Jun 30, 2012 | 116.52 Mn |
| Mar 31, 2012 | 110.44 Mn |
| Mar 31, 2012 | 110.44 Mn |
| Dec 31, 2011 | 185.80 Mn |
| Dec 31, 2011 | 185.80 Mn |
| Sep 30, 2011 | 111.98 Mn |
| Sep 30, 2011 | 111.98 Mn |
| Jun 30, 2011 | 115.83 Mn |
| Jun 30, 2011 | 115.83 Mn |
| Mar 31, 2011 | 111.10 Mn |
| Mar 31, 2011 | 111.10 Mn |
| Dec 31, 2010 | 125.56 Mn |
| Dec 31, 2010 | 125.56 Mn |
| Sep 30, 2010 | 99.10 Mn |
| Sep 30, 2010 | 99.10 Mn |
| Jun 30, 2010 | 111.66 Mn |
| Jun 30, 2010 | 111.66 Mn |
| Mar 31, 2010 | 105.73 Mn |
| Mar 31, 2010 | 105.73 Mn |
| Dec 31, 2009 | 104.15 Mn |
| Dec 31, 2009 | 104.15 Mn |
| Sep 30, 2009 | 88.13 Mn |
| Sep 30, 2009 | 88.13 Mn |
| Jun 30, 2009 | 101.52 Mn |
| Jun 30, 2009 | 101.52 Mn |