Morningstar (MORN) Net Margin (2009 - 2026)
Morningstar (MORN) reported Net Margin of 16.63% for Q1 2026, up 269.0% year-over-year from 4.51% in Q1 2025, and down 6.91% quarter-over-quarter from 17.86% in Q4 2025.
Morningstar (MORN) Net Margin (2009 - 2026) Analysis & Trends
Morningstar (MORN) has 18 years of Net Margin data on file, last reported at 16.63% in Q1 2026.
- Net Margin for Q1 2026 came in at 16.63%, up 269.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.09% (down 131.0% YoY), and the FY2025 annual result was 15.44%, down 159.0% from the prior year.
- Net Margin retreated to 16.63% in Q1 2026 per MORN's latest filing, from 17.86% in the prior quarter.
- Over five years, Net Margin peaked at 21.83% in Q4 2024 and troughed at 1.64% in Q3 2022.
- A 5-year average of 11.18% and a median of 12.29% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2024: Net Margin sank 1263 bps in 2022, then soared 1358 bps in 2024.
- A 5-year view of Net Margin shows it stood at 0.88% in 2022, then jumped by 1500 bps to 14.15% in 2023, then surged by 54 bps to 21.83% in 2024, then fell by 18 bps to 17.86% in 2025, then decreased by 7 bps to 16.63% in 2026.
- Business Quant data shows MORN's Net Margin at 16.63% in Q1 2026, 17.86% in Q4 2025, and 14.85% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 36.06% |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 62.12% |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 31.79% |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 48.10% |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 24.29% |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | -27.89% |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 47.72% |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 30.18% |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 32.15% |
| 10 | Morningstar | 6.04 Bn | 5.51 Bn | 405.90 Mn | 16.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 7.68% |