Morningstar (MORN) Gross Profit (2009 - 2026)
Morningstar (MORN) posted Gross Profit of $423.9 million for Q2 2026, up 13.2% from $374.5 million a year earlier and up 4.4% from the prior quarter.
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Analysis
Morningstar (MORN) Gross Profit (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Profit at Morningstar was $1.6 billion, up 11.7% year-over-year; for FY2025, it was $1.49 billion, up 8.2% from FY2024.
- Annual Gross Profit has increased for nine consecutive years, with a five-year compound annual growth rate of 12.4% (FY2020 to FY2025).
- In prior years, Morningstar's Gross Profit was $1.38 billion in FY2024 (+15.4%), $1.2 billion in FY2023 (+9.5%), $1.09 billion in FY2022 (+9.0%) and $1 billion in FY2021 (+20.1%).
- The Q2 2026 figure stands as the highest quarterly Gross Profit in data going back to Q2 2009.
- On a year-over-year basis, Gross Profit has increased in each of the last 13 quarters, with growth averaging 10.0% over the last eight quarters.
- The strongest year-over-year quarter for Gross Profit in the past five years was Q1 2024, with growth of 24.5%; the weakest was Q1 2023, with a decline of 1.8%.
- According to Business Quant data, Gross Profit for the three prior quarters was $405.9 million (Q1 2026), $391.9 million (Q4 2025) and $375.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 423.90 Mn |
| Mar 31, 2026 | 405.90 Mn |
| Dec 31, 2025 | 391.90 Mn |
| Sep 30, 2025 | 375.70 Mn |
| Jun 30, 2025 | 374.50 Mn |
| Mar 31, 2025 | 350.50 Mn |
| Dec 31, 2024 | 358.80 Mn |
| Sep 30, 2024 | 346.70 Mn |
| Jun 30, 2024 | 349.20 Mn |
| Mar 31, 2024 | 324.70 Mn |
| Dec 31, 2023 | 333.30 Mn |
| Sep 30, 2023 | 312.60 Mn |
| Jun 30, 2023 | 288.30 Mn |
| Mar 31, 2023 | 260.90 Mn |
| Dec 31, 2022 | 280.00 Mn |
| Sep 30, 2022 | 272.80 Mn |
| Jun 30, 2022 | 272.80 Mn |
| Mar 31, 2022 | 265.70 Mn |
| Dec 31, 2021 | 272.60 Mn |
| Sep 30, 2021 | 245.80 Mn |
API Access
Morningstar Gross Profit 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=gross-profit&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-profit", "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=gross-profit&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();