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% quarter-over-quarter 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.

  • Intangibles for Q1 2026 came in at $591.4 million, up 40.68% year-over-year; the trailing twelve-month figure through Mar 2026 was $591.4 million (up 40.68% YoY), and the FY2025 annual result was $379.3 million, down 7.22% from the prior year.
  • Intangibles rose to $591.4 million in Q1 2026 per MORN's latest filing, from $379.3 million in the prior quarter.
  • Over five years, Intangibles peaked at $591.4 million in Q1 2026 and troughed at $2.9 million in Q2 2022.
  • A 5-year average of $436.0 million and a median of $443.1 million in 2024 frame the typical range for Intangibles.
  • The sharpest annual moves came in 2022 and 2023: Intangibles slumped 99.18% in 2022, then soared 17779.31% in 2023.
  • A 5-year view of Intangibles shows it stood at $548.6 million in 2022, then dropped by 11.7% to $484.4 million in 2023, then retreated by 15.61% to $408.8 million in 2024, then dropped by 7.22% to $379.3 million in 2025, then soared by 55.92% to $591.4 million in 2026.
  • Business Quant data shows MORN's Intangibles at $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 122.27 Bn 125.38 Bn 2.94 Bn 15.98 Bn
2 Cme 88.49 Bn 88.49 Bn 1.83 Bn 2.55 Bn
3 Moodys 79.74 Bn 78.38 Bn 1.55 Bn 1.81 Bn
4 Intercontinental Exchange 76.18 Bn 74.71 Bn - 15.11 Bn
5 Nasdaq 46.59 Bn 45.91 Bn 1.41 Bn 6.38 Bn
6 Coinbase Global 43.23 Bn 42.70 Bn 1.33 Bn 1.36 Bn
7 Msci 42.63 Bn 42.25 Bn 765.10 Mn 851.00 Mn
8 Cboe Global Markets 26.37 Bn 24.20 Bn 728.90 Mn 1.27 Bn
9 TransUnion 12.50 Bn 11.93 Bn 726.20 Mn 3.56 Bn
10 Morningstar 6.04 Bn 5.51 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 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