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% quarter-over-quarter from $391.9 million in Q4 2025.
Morningstar (MORN) Gross Profit (2009 - 2026) Analysis & Trends
Morningstar (MORN) has 18 years of Gross Profit data on file, last reported at $405.9 million in Q1 2026.
- Gross Profit for Q1 2026 came in at $405.9 million, down 13.51% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.7 billion (up 2.37% YoY), and the FY2025 annual result was $1.5 billion, up 8.21% from the prior year.
- Gross Profit improved to $405.9 million in Q1 2026 per MORN's latest filing, from $391.9 million in the prior quarter.
- Over five years, Gross Profit peaked at $702.8 million in Q4 2022 and troughed at $272.8 million in Q2 2022.
- A 5-year average of $411.0 million and a median of $391.9 million in 2025 frame the typical range for Gross Profit.
- The sharpest annual moves came in 2022 and 2023: Gross Profit jumped 157.81% in 2022, then sank 52.58% in 2023.
- A 5-year view of Gross Profit shows it stood at $702.8 million in 2022, then slumped by 52.58% to $333.3 million in 2023, then grew by 7.65% to $358.8 million in 2024, then grew by 9.23% to $391.9 million in 2025, then advanced by 3.57% to $405.9 million in 2026.
- Business Quant data shows MORN's Gross Profit at $405.9 million in Q1 2026, $391.9 million in Q4 2025, and $501.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn |
| 10 | Morningstar | 6.04 Bn | 5.51 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 |