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
DateValue
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