Morningstar (MORN) Intangibles (2009 - 2026)
Morningstar (MORN) reported Intangibles of $591.4 million for Q1 2026, up 40.68% year-over-year from $420.4 million in Q1 2025, and up 55.92% on a QoQ basis from $379.3 million in Q4 2025.
Morningstar (MORN) has 18 years of Intangibles data on file, last reported at $591.4 million in Q1 2026.
- Quarterly Intangibles rose 40.68% year-over-year to $591.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $591.4 million (up 40.68% YoY) and the FY2025 annual result came in at $379.3 million, down 7.22% from the prior year.
- Intangibles grew to $591.4 million in Q1 2026 per MORN's latest filing, from $379.3 million in the prior quarter.
- Across five years, Intangibles topped out at $591.4 million in Q1 2026 and bottomed at $2.9 million in Q2 2022.
- The 5-year median for Intangibles is $443.1 million (2024), against an average of $436.0 million.
- The widest annual swing landed in 2022, when Intangibles plunged 99.18%; it then jumped 17779.31% in 2023.
- Tracing MORN's Intangibles over 5 years: stood at $548.6 million in 2022, then decreased by 11.7% to $484.4 million in 2023, then declined by 15.61% to $408.8 million in 2024, then decreased by 7.22% to $379.3 million in 2025, then jumped by 55.92% to $591.4 million in 2026.
- Per Business Quant, the three latest MORN Intangibles figures stand at $591.4 million (Q1 2026), $379.3 million (Q4 2025), and $396.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 15.98 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 2.55 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 15.11 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 1.81 Bn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 6.38 Bn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | 1.36 Bn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 851.00 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 1.27 Bn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 3.56 Bn |
| 10 | Morningstar | 7.12 Bn | 6.58 Bn | 405.90 Mn | 591.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 591.40 Mn |
| Dec 31, 2025 | 379.30 Mn |
| Sep 30, 2025 | 396.00 Mn |
| Jun 30, 2025 | 413.30 Mn |
| Mar 31, 2025 | 420.40 Mn |
| Dec 31, 2024 | 408.80 Mn |
| Sep 30, 2024 | 432.50 Mn |
| Jun 30, 2024 | 443.10 Mn |
| Mar 31, 2024 | 463.40 Mn |
| Dec 31, 2023 | 484.40 Mn |
| Sep 30, 2023 | 495.40 Mn |
| Jun 30, 2023 | 518.50 Mn |
| Mar 31, 2023 | 532.60 Mn |
| Dec 31, 2022 | 548.60 Mn |
| Sep 30, 2022 | 559.10 Mn |
| Jun 30, 2022 | 2.90 Mn |
| Mar 31, 2022 | 321.60 Mn |
| Dec 31, 2021 | 328.20 Mn |
| Sep 30, 2021 | 344.20 Mn |
| Jun 30, 2021 | 353.00 Mn |
| Mar 31, 2021 | 364.80 Mn |
| Dec 31, 2020 | 380.10 Mn |
| Sep 30, 2020 | 382.80 Mn |
| Jun 30, 2020 | 310.50 Mn |
| Mar 31, 2020 | 306.20 Mn |
| Dec 31, 2019 | 333.40 Mn |
| Sep 30, 2019 | 335.70 Mn |
| Jun 30, 2019 | 64.70 Mn |
| Mar 31, 2019 | 68.80 Mn |
| Dec 31, 2018 | 73.90 Mn |
| Sep 30, 2018 | 79.30 Mn |
| Jun 30, 2018 | 84.20 Mn |
| Mar 31, 2018 | 90.20 Mn |
| Dec 31, 2017 | 95.40 Mn |
| Sep 30, 2017 | 100.90 Mn |
| Jun 30, 2017 | 105.80 Mn |
| Mar 31, 2017 | 114.70 Mn |
| Dec 31, 2016 | 120.90 Mn |
| Sep 30, 2016 | 65.30 Mn |
| Jun 30, 2016 | 70.00 Mn |
| Mar 31, 2016 | 70.30 Mn |
| Dec 31, 2015 | 74.20 Mn |
| Sep 30, 2015 | 77.10 Mn |
| Jun 30, 2015 | 83.50 Mn |
| Mar 31, 2015 | 87.90 Mn |
| Dec 31, 2014 | 95.90 Mn |
| Sep 30, 2014 | 103.44 Mn |
| Jun 30, 2014 | 111.78 Mn |
| Mar 31, 2014 | 98.95 Mn |
| Dec 31, 2013 | 103.91 Mn |
| Sep 30, 2013 | 109.27 Mn |
| Jun 30, 2013 | 112.07 Mn |
| Mar 31, 2013 | 109.72 Mn |
| Dec 31, 2012 | 116.73 Mn |
| Sep 30, 2012 | 122.83 Mn |
| Jun 30, 2012 | 127.38 Mn |
| Mar 31, 2012 | 134.99 Mn |
| Dec 31, 2011 | 139.81 Mn |
| Sep 30, 2011 | 147.31 Mn |
| Jun 30, 2011 | 156.94 Mn |
| Mar 31, 2011 | 162.57 Mn |
| Dec 31, 2010 | 169.02 Mn |
| Sep 30, 2010 | 167.31 Mn |
| Jun 30, 2010 | 156.83 Mn |
| Dec 31, 2009 | 135.49 Mn |