Morningstar (MORN) Operating Expenses (2009 - 2026)

Morningstar (MORN) has 18 years of Operating Expenses data on file, last reported at $489.8 million in Q1 2026.

• Operating Expenses for Q1 2026 came in at $489.8 million, up 4.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.0 billion (up 5.02% YoY), and the FY2025 annual result was $1.9 billion, up 4.83% from the prior year.
• Operating Expenses slipped to $489.8 million in Q1 2026 per MORN's latest filing, from $505.1 million in the prior quarter.
• Over five years, Operating Expenses peaked at $505.1 million in Q4 2025 and troughed at $400.6 million in Q1 2022.
• A 5-year average of $458.7 million and a median of $455.2 million in 2023 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses gained 23.57% in 2022, then fell 1.1% in 2024.
• A 5-year view of Operating Expenses shows it stood at $439.5 million in 2022, then climbed by 1.09% to $444.3 million in 2023, then increased by 9.57% to $486.8 million in 2024, then climbed by 3.76% to $505.1 million in 2025, then dropped by 3.03% to $489.8 million in 2026.
• Business Quant data shows MORN's Operating Expenses at $489.8 million in Q1 2026, $505.1 million in Q4 2025, and $490.1 million in Q3 2025.