Morningstar (MORN) Non-Current Deffered Revenue (2017 - 2026)
Morningstar (MORN) recorded Non-Current Deffered Revenue of $19.1 million in Q2 2026, down 12.8% from $21.9 million a year earlier and down 10.3% from the prior quarter.
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Analysis
Morningstar (MORN) Non-Current Deffered Revenue (2017 - 2026) Analysis & Trends
At the end of FY2025, Morningstar reported Non-Current Deffered Revenue of $21 million, down 6.3% from FY2024.
- Annual Non-Current Deffered Revenue has declined for four straight years, with a five-year compound annual growth rate of -8.9% (FY2020 to FY2025).
- Across earlier years, Non-Current Deffered Revenue came in at $22.4 million in FY2024 (-14.8%), $26.3 million in FY2023 (-21.5%), $33.5 million in FY2022 (-8.0%) and $36.4 million in FY2021 (+8.7%).
- The Q2 2026 figure is the lowest quarterly Non-Current Deffered Revenue since Q2 2019.
- On a year-over-year basis, Non-Current Deffered Revenue has declined for 15 consecutive quarters, with an average decline of 10.3% over the last eight quarters.
- Peak year-over-year performance for Non-Current Deffered Revenue in the last five years was growth of 8.7% in Q4 2021, against a decline of 21.5% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $21.3 million (Q1 2026), $21 million (Q4 2025) and $21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Deffered Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 114.46 Bn | 110.07 Bn | 2.98 Bn | - |
| 2 | Moodys | 77.50 Bn | 69.93 Bn | 1.67 Bn | 53.00 Mn |
| 3 | Msci | 39.67 Bn | 38.01 Bn | 717.10 Mn | - |
| 4 | Verisk Analytics | 21.91 Bn | 16.55 Bn | 572.90 Mn | - |
| 5 | Equifax | 16.44 Bn | 15.84 Bn | 926.40 Mn | - |
| 6 | TransUnion | 11.91 Bn | 8.89 Bn | - | - |
| 7 | Factset Research Systems | 9.93 Bn | 8.69 Bn | 310.73 Mn | - |
| 8 | Morningstar | 7.17 Bn | 5.07 Bn | 423.90 Mn | 19.10 Mn |
| 9 | Mastercard | 479.32 Bn | 439.24 Bn | - | - |
| 10 | Cme | 95.24 Bn | 95.24 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.10 Mn |
| Mar 31, 2026 | 21.30 Mn |
| Dec 31, 2025 | 21.00 Mn |
| Sep 30, 2025 | 21.00 Mn |
| Jun 30, 2025 | 21.90 Mn |
| Mar 31, 2025 | 21.70 Mn |
| Dec 31, 2024 | 22.40 Mn |
| Sep 30, 2024 | 23.10 Mn |
| Jun 30, 2024 | 23.80 Mn |
| Mar 31, 2024 | 24.70 Mn |
| Dec 31, 2023 | 26.30 Mn |
| Sep 30, 2023 | 27.90 Mn |
| Jun 30, 2023 | 29.50 Mn |
| Mar 31, 2023 | 31.40 Mn |
| Dec 31, 2022 | 33.50 Mn |
| Sep 30, 2022 | 35.30 Mn |
| Jun 30, 2022 | 37.00 Mn |
| Mar 31, 2022 | 37.40 Mn |
| Dec 31, 2021 | 36.40 Mn |
| Sep 30, 2021 | 34.50 Mn |
API Access
Morningstar Non-Current Deffered Revenue 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=non-current-deffered-revenue&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-deffered-revenue", "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=non-current-deffered-revenue&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();