Morningstar (MORN) Market Capitalization (2009 - 2026)
Morningstar (MORN) reported Market Capitalization of $5.85 billion for Q2 2026, down 55.8% from $13.24 billion a year earlier and down 9.0% from the prior quarter.
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Analysis
Morningstar (MORN) Market Capitalization (2009 - 2026) Analysis & Trends
For FY2025, Morningstar posted Market Capitalization of $8.64 billion, down 40.2% from FY2024.
- Market Capitalization has a five-year compound annual growth rate of -2.8% (FY2020 to FY2025).
- By year, Market Capitalization came in at $14.44 billion in FY2024 (+18.0%), $12.23 billion in FY2023 (+32.9%), $9.2 billion in FY2022 (-37.6%) and $14.75 billion in FY2021 (+48.5%).
- The Q2 2026 figure ranks as the lowest quarterly Market Capitalization since Q1 2020.
- Year over year, Market Capitalization has now declined in each of the last four quarters, with an average decline of 14.9% over the last eight quarters.
- The high point for year-over-year Market Capitalization in five years was Q3 2021 (growth of 62.2%); the low point was Q2 2026 (a decline of 55.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $6.43 billion (Q1 2026), $8.64 billion (Q4 2025) and $9.63 billion (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 | 5.85 Bn |
| Mar 31, 2026 | 6.43 Bn |
| Dec 31, 2025 | 8.64 Bn |
| Sep 30, 2025 | 9.63 Bn |
| Jun 30, 2025 | 13.24 Bn |
| Mar 31, 2025 | 12.74 Bn |
| Dec 31, 2024 | 14.44 Bn |
| Sep 30, 2024 | 13.69 Bn |
| Jun 30, 2024 | 12.67 Bn |
| Mar 31, 2024 | 13.18 Bn |
| Dec 31, 2023 | 12.23 Bn |
| Sep 30, 2023 | 10.00 Bn |
| Jun 30, 2023 | 8.36 Bn |
| Mar 31, 2023 | 8.64 Bn |
| Dec 31, 2022 | 9.20 Bn |
| Sep 30, 2022 | 9.02 Bn |
| Jun 30, 2022 | 10.28 Bn |
| Mar 31, 2022 | 11.68 Bn |
| Dec 31, 2021 | 14.75 Bn |
| Sep 30, 2021 | 11.16 Bn |
API Access
Morningstar Market Capitalization 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=market-capitalization&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();