Morningstar (MORN) Invested Capital (2009 - 2026)

Morningstar (MORN) has 18 years of Invested Capital data on file, last reported at $2.7 billion in Q1 2026.

• Quarterly Invested Capital rose 12.45% year-over-year to $2.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.7 billion (up 12.45% YoY) and the FY2025 annual result came in at $2.3 billion, down 0.98% from the prior year.
• Invested Capital grew to $2.7 billion in Q1 2026 per MORN's latest filing, from $2.3 billion in the prior quarter.
• Across five years, Invested Capital topped out at $2.7 billion in Q1 2026 and bottomed at $1.9 billion in Q1 2022.
• The 5-year median for Invested Capital is $2.3 billion (2024), against an average of $2.3 billion.
• The widest annual swing landed in 2022, when Invested Capital surged 38.5%; it then declined 2.78% in 2025.
• Tracing MORN's Invested Capital over 5 years: stood at $2.3 billion in 2022, then slipped by 0.72% to $2.3 billion in 2023, then rose by 2.16% to $2.3 billion in 2024, then fell by 0.98% to $2.3 billion in 2025, then increased by 18.25% to $2.7 billion in 2026.
• Per Business Quant, the three latest MORN Invested Capital figures stand at $2.7 billion (Q1 2026), $2.3 billion (Q4 2025), and $2.4 billion (Q3 2025).

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