Morningstar (MORN) Intangibles (2009 - 2026)
Morningstar (MORN) posted quarterly Intangibles of $569.2 million for Q2 2026, up 37.72% year-over-year from $413.3 million in Q2 2025, and down 3.75% quarter-over-quarter from $591.4 million in Q1 2026.
Morningstar (MORN) Intangibles (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported Intangibles for 18 consecutive years, with $569.2 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Intangibles rose 37.72% year-over-year to $569.2 million; the TTM figure through Jun 2026 stood at $569.2 million (up 37.72% YoY), while the FY2025 annual figure was $379.3 million, down 7.22% from the prior year.
- Intangibles slipped to $569.2 million in Q2 2026 per MORN's latest filing, from $591.4 million in the prior quarter.
- Across five years, Intangibles topped out at $591.4 million in Q1 2026 and bottomed at $22.1 million in Q2 2022.
- Historically, Intangibles has averaged $444.4 million across 5 years, with a median of $453.2 million in 2024.
- Annual changes were most pronounced in 2022 — Intangibles sank 93.74% — and 2023, when it soared 2246.15%.
- Morningstar's Intangibles stood at $548.6 million in 2022, then declined by 11.7% to $484.4 million in 2023, then decreased by 15.61% to $408.8 million in 2024, then declined by 7.22% to $379.3 million in 2025, then soared by 50.07% to $569.2 million in 2026.
- Business Quant data shows MORN's Intangibles at $569.2 million in Q2 2026, $591.4 million in Q1 2026, and $379.3 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 15.70 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 2.49 Bn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 14.87 Bn |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 1.75 Bn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 6.22 Bn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | 1.47 Bn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 855.90 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 1.18 Bn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 3.52 Bn |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn | 569.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 569.20 Mn |
| 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 | 22.10 Mn |
| Mar 31, 2022 | 321.60 Mn |
| Dec 31, 2021 | 328.20 Mn |
| Sep 30, 2021 | 344.20 Mn |