Morningstar (MORN) Intangibles (2009 - 2026)
Morningstar's (MORN) quarterly Intangibles came in at $591.4 million in Q1 2026, up 40.68% year-on-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) Intangibles (2009 - 2026) Analysis & Trends
Morningstar (MORN) has 18 years of Intangibles data on file, last reported at $591.4 million in Q1 2026.
- On a quarterly basis, Intangibles rose 40.68% year-over-year to $591.4 million in Q1 2026; TTM through Mar 2026 was $591.4 million, a 40.68% increase from a year earlier, with the FY2025 full-year figure at $379.3 million, down 7.22% from the prior year.
- Intangibles for Q1 2026 stood at $591.4 million, up from $379.3 million in the prior quarter.
- Over the last five years, Intangibles for MORN reached as high as $591.4 million in Q1 2026 and fell as low as $19.2 million in Q2 2022.
- Historically, Intangibles has averaged $436.9 million across 5 years, with a median of $443.1 million in 2024.
- Across the five-year window, Intangibles tumbled 94.56% in 2022 and surged 2600.52% in 2023, its largest moves.
- Year by year, Intangibles stood at $548.6 million in 2022, then retreated by 11.7% to $484.4 million in 2023, then dropped by 15.61% to $408.8 million in 2024, then retreated by 7.22% to $379.3 million in 2025, then soared by 55.92% to $591.4 million in 2026.
- Per Business Quant data, the three most recent Intangibles figures were $591.4 million in Q1 2026, $379.3 million in Q4 2025, and $396.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 123.54 Bn | 121.73 Bn | 2.94 Bn | 15.98 Bn |
| 2 | Cme | 93.95 Bn | 93.95 Bn | 1.65 Bn | 2.49 Bn |
| 3 | Intercontinental Exchange | 86.02 Bn | 84.27 Bn | - | 15.11 Bn |
| 4 | Moodys | 83.68 Bn | 82.18 Bn | 1.67 Bn | 1.75 Bn |
| 5 | Nasdaq | 53.85 Bn | 53.14 Bn | 1.50 Bn | 6.22 Bn |
| 6 | Coinbase Global | 43.36 Bn | 32.93 Bn | 1.33 Bn | 1.36 Bn |
| 7 | Msci | 41.57 Bn | 41.22 Bn | 717.10 Mn | 855.90 Mn |
| 8 | Cboe Global Markets | 30.85 Bn | 28.68 Bn | 728.90 Mn | 1.27 Bn |
| 9 | TransUnion | 16.17 Bn | 15.44 Bn | 726.20 Mn | 3.56 Bn |
| 10 | Morningstar | 7.43 Bn | 6.90 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 | 19.20 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 |