Growth Metrics

Morningstar (MORN) Net Margin (2016 - 2025)

Morningstar (MORN) has disclosed Net Margin for 17 consecutive years, with 17.86% as the latest value for Q4 2025.

  • On a quarterly basis, Net Margin fell 397.0% to 17.86% in Q4 2025 year-over-year; TTM through Dec 2025 was 15.44%, a 159.0% decrease, with the full-year FY2025 number at 15.44%, down 159.0% from a year prior.
  • Net Margin was 17.86% for Q4 2025 at Morningstar, up from 14.85% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 21.83% in Q4 2024 to a low of 1.64% in Q3 2022.
  • A 5-year average of 10.89% and a median of 12.08% in 2024 define the central range for Net Margin.
  • Peak YoY movement for Net Margin: plummeted -1263bps in 2022, then soared 1358bps in 2024.
  • Morningstar's Net Margin stood at 12.05% in 2021, then crashed by -93bps to 0.88% in 2022, then surged by 1500bps to 14.15% in 2023, then soared by 54bps to 21.83% in 2024, then dropped by -18bps to 17.86% in 2025.
  • Per Business Quant, the three most recent readings for MORN's Net Margin are 17.86% (Q4 2025), 14.85% (Q3 2025), and 14.91% (Q2 2025).