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.

• On a quarterly basis, Operating Expenses rose 4.7% year-over-year to $489.8 million in Q1 2026; TTM through Mar 2026 was $2.0 billion, a 5.02% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 4.83% from the prior year.
• Operating Expenses for Q1 2026 stood at $489.8 million, down from $505.1 million in the prior quarter.
• Over the last five years, Operating Expenses for MORN reached as high as $505.1 million in Q4 2025 and fell as low as $400.6 million in Q1 2022.
• Historically, Operating Expenses has averaged $458.7 million across 5 years, with a median of $455.2 million in 2023.
• Across the five-year window, Operating Expenses increased 23.57% in 2022 and dropped 1.1% in 2024, its largest moves.
• Year by year, Operating Expenses stood at $439.5 million in 2022, then rose by 1.09% to $444.3 million in 2023, then advanced by 9.57% to $486.8 million in 2024, then rose by 3.76% to $505.1 million in 2025, then retreated by 3.03% to $489.8 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $489.8 million in Q1 2026, $505.1 million in Q4 2025, and $490.1 million in Q3 2025.