Morningstar (MORN) Long-Term Deferred Tax (2019 - 2026)
Morningstar's Long-Term Deferred Tax was $90.8 million in Q2 2026, up 75.0% from $51.9 million a year earlier and up 5.6% from the prior quarter.
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Analysis
Morningstar (MORN) Long-Term Deferred Tax (2019 - 2026) Analysis & Trends
At the end of FY2025, Long-Term Deferred Tax at Morningstar came in at $78.7 million, up 82.2% from FY2024.
- Long-Term Deferred Tax has now increased for three consecutive years, with a five-year compound annual growth rate of 44.3% (FY2020 to FY2025).
- In earlier years, Long-Term Deferred Tax was $43.2 million in FY2024 (+195.9%), $14.6 million in FY2023 (+35.2%), $10.8 million in FY2022 (-15.6%) and $12.8 million in FY2021 (+1.6%).
- The Q2 2026 figure marks the highest quarterly Long-Term Deferred Tax in data going back to Q4 2019.
- Compared with a year earlier, Long-Term Deferred Tax has increased for 11 straight quarters, with growth averaging 124.7% over the last eight quarters.
- The best year-over-year quarter for Long-Term Deferred Tax over five years was Q3 2024 (growth of 197.1%); the worst was Q4 2022 (a decline of 15.6%).
- Per Business Quant data, MORN's Long-Term Deferred Tax in the three quarters before Q2 2026 was $86 million (Q1 2026), $78.7 million (Q4 2025) and $65.7 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 90.80 Mn |
| Mar 31, 2026 | 86.00 Mn |
| Dec 31, 2025 | 78.70 Mn |
| Sep 30, 2025 | 65.70 Mn |
| Jun 30, 2025 | 51.90 Mn |
| Mar 31, 2025 | 45.90 Mn |
| Dec 31, 2024 | 43.20 Mn |
| Sep 30, 2024 | 30.90 Mn |
| Jun 30, 2024 | 24.20 Mn |
| Mar 31, 2024 | 19.70 Mn |
| Dec 31, 2023 | 14.60 Mn |
| Sep 30, 2023 | 10.40 Mn |
| Jun 30, 2023 | 11.50 Mn |
| Mar 31, 2023 | 11.20 Mn |
| Dec 31, 2022 | 10.80 Mn |
| Sep 30, 2022 | 11.50 Mn |
| Jun 30, 2022 | 12.30 Mn |
| Mar 31, 2022 | 13.20 Mn |
| Dec 31, 2021 | 12.80 Mn |
| Sep 30, 2021 | 12.00 Mn |
API Access
Morningstar Long-Term Deferred Tax API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=long-term-deferred-tax&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "long-term-deferred-tax", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=long-term-deferred-tax&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();