Morningstar (MORN) Net Margin (2009 - 2026)
Morningstar (MORN) posted quarterly Net Margin of 16.39% for Q2 2026, up 148.0% year-over-year from 6.61% in Q2 2025, and down 1.41% quarter-over-quarter from 16.63% in Q1 2026.
Morningstar (MORN) Net Margin (2009 - 2026) Analysis & Trends
Morningstar (MORN) has reported Net Margin for 16 consecutive years, with 16.39% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin rose 148.0% year-over-year to 16.39%; the TTM figure through Jun 2026 stood at 16.45% (down 156.0% YoY), while the FY2025 annual figure was 15.44%, down 159.0% from the prior year.
- Net Margin retreated to 16.39% in Q2 2026 per MORN's latest filing, from 16.63% in the prior quarter.
- Across five years, Net Margin topped out at 21.83% in Q4 2024 and bottomed at 1.64% in Q3 2022.
- Historically, Net Margin has averaged 11.47% across 5 years, with a median of 13.11% in 2025.
- Annual changes were most pronounced in 2022 — Net Margin sank 1263 bps — and 2024, when it soared 1358 bps.
- Morningstar's Net Margin stood at 0.88% in 2022, then surged by 1500 bps to 14.15% in 2023, then soared by 54 bps to 21.83% in 2024, then retreated by 18 bps to 17.86% in 2025, then fell by 8 bps to 16.39% in 2026.
- Business Quant data shows MORN's Net Margin at 16.39% in Q2 2026, 16.63% in Q1 2026, and 17.86% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn | 31.91% |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn | 61.06% |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - | 27.00% |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn | 40.23% |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn | 20.02% |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn | -29.46% |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn | 39.45% |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn | 24.38% |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn | 11.20% |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn | 16.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.39% |
| Mar 31, 2026 | 16.63% |
| Dec 31, 2025 | 17.86% |
| Sep 30, 2025 | 14.85% |
| Jun 30, 2025 | 14.91% |
| Mar 31, 2025 | 13.94% |
| Dec 31, 2024 | 21.83% |
| Sep 30, 2024 | 21.48% |
| Jun 30, 2024 | 12.29% |
| Mar 31, 2024 | 12.10% |
| Dec 31, 2023 | 14.15% |
| Sep 30, 2023 | 7.90% |
| Jun 30, 2023 | 7.51% |
| Mar 31, 2023 | -1.31% |
| Dec 31, 2022 | 0.88% |
| Sep 30, 2022 | -1.64% |
| Jun 30, 2022 | 6.78% |
| Mar 31, 2022 | 10.00% |
| Dec 31, 2021 | 12.05% |
| Sep 30, 2021 | 10.98% |