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% on a QoQ basis from 17.86% in Q4 2025.
Morningstar (MORN) has 18 years of Net Margin data on file, last reported at 16.63% in Q1 2026.
- Quarterly Net Margin rose 269.0% year-over-year to 16.63% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 16.09% (down 131.0% YoY) and the FY2025 annual result came in at 15.44%, down 159.0% from the prior year.
- Net Margin slipped to 16.63% in Q1 2026 per MORN's latest filing, from 17.86% 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.
- The 5-year median for Net Margin is 12.29% (2024), against an average of 11.18%.
- The widest annual swing landed in 2022, when Net Margin tumbled 1263 bps; it then jumped 1358 bps in 2024.
- Tracing MORN's Net Margin over 5 years: 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 dropped by 18 bps to 17.86% in 2025, then fell by 7 bps to 16.63% in 2026.
- Per Business Quant, the three latest MORN Net Margin figures stand at 16.63% (Q1 2026), 17.86% (Q4 2025), and 14.85% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 36.06% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 62.12% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 48.10% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 31.79% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 24.29% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -27.89% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 47.72% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 30.18% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 32.15% |
| 10 | Morningstar | 7.12 Bn | 6.58 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% |
| Mar 31, 2021 | 13.54% |
| Dec 31, 2020 | 19.53% |
| Sep 30, 2020 | 21.16% |
| Jun 30, 2020 | 14.85% |
| Mar 31, 2020 | 7.62% |
| Dec 31, 2019 | 8.00% |
| Sep 30, 2019 | 16.00% |
| Jun 30, 2019 | 15.12% |
| Mar 31, 2019 | 13.40% |
| Dec 31, 2018 | 16.33% |
| Sep 30, 2018 | 21.66% |
| Jun 30, 2018 | 16.72% |
| Mar 31, 2018 | 17.82% |
| Dec 31, 2017 | 16.13% |
| Sep 30, 2017 | 14.75% |
| Jun 30, 2017 | 20.20% |
| Mar 31, 2017 | 8.83% |
| Dec 31, 2016 | 33.41% |
| Sep 30, 2016 | 15.04% |
| Jun 30, 2016 | 15.99% |
| Mar 31, 2016 | 14.52% |
| Dec 31, 2015 | 18.20% |
| Sep 30, 2015 | 16.74% |
| Jun 30, 2015 | 15.09% |
| Mar 31, 2015 | 14.91% |
| Dec 31, 2014 | 16.29% |
| Sep 30, 2014 | 15.00% |
| Jun 30, 2014 | -5.98% |
| Mar 31, 2014 | 13.62% |
| Dec 31, 2013 | -0.57% |
| Sep 30, 2013 | -0.65% |
| Jun 30, 2013 | -0.67% |
| Mar 31, 2013 | -0.73% |
| Dec 31, 2012 | 2.23% |
| Sep 30, 2012 | -0.97% |
| Jun 30, 2012 | -0.96% |
| Mar 31, 2012 | -0.96% |
| Dec 31, 2011 | -1.04% |
| Sep 30, 2011 | -0.66% |
| Jun 30, 2011 | -0.63% |
| Dec 31, 2010 | 14.72% |
| Sep 30, 2010 | 17.49% |
| Jun 30, 2010 | 12.83% |
| Mar 31, 2010 | 15.41% |
| Dec 31, 2009 | 11.12% |
| Sep 30, 2009 | 18.38% |
| Jun 30, 2009 | 17.26% |