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Morningstar (MORN) Operating Expenses (2016 - 2026)

Morningstar (MORN) has disclosed Operating Expenses for 18 consecutive years, with $489.8 million as the latest value for Q1 2026.

  • For Q1 2026, Operating Expenses rose 4.7% year-over-year to $489.8 million; the TTM value through Mar 2026 reached $2.0 billion, up 5.02%, while the annual FY2025 figure was $1.9 billion, 4.83% up from the prior year.
  • Operating Expenses hit $489.8 million in Q1 2026 for Morningstar, down from $505.1 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $505.1 million in Q4 2025 and bottomed at $400.6 million in Q1 2022.
  • Average Operating Expenses over 5 years is $458.7 million, with a median of $455.2 million recorded in 2023.
  • Year-over-year, Operating Expenses rose 23.57% in 2022 and then decreased 1.1% in 2024.
  • Morningstar's Operating Expenses stood at $439.5 million in 2022, then rose by 1.09% to $444.3 million in 2023, then increased by 9.57% to $486.8 million in 2024, then rose by 3.76% to $505.1 million in 2025, then dropped by 3.03% to $489.8 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods came in at $489.8 million, $505.1 million, and $490.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.