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Morningstar (MORN) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Morningstar (MORN) over the last 17 years, with Q4 2025 value amounting to $505.1 million.

  • Morningstar's Operating Expenses rose 375.92% to $505.1 million in Q4 2025 from the same period last year, while for Dec 2025 it was $1.9 billion, marking a year-over-year increase of 482.66%. This contributed to the annual value of $1.9 billion for FY2025, which is 482.66% up from last year.
  • Per Morningstar's latest filing, its Operating Expenses stood at $505.1 million for Q4 2025, which was up 375.92% from $490.1 million recorded in Q3 2025.
  • Morningstar's Operating Expenses' 5-year high stood at $505.1 million during Q4 2025, with a 5-year trough of $325.6 million in Q1 2021.
  • For the 5-year period, Morningstar's Operating Expenses averaged around $437.6 million, with its median value being $448.2 million (2022).
  • Per our database at Business Quant, Morningstar's Operating Expenses soared by 3810.95% in 2021 and then crashed by 109.84% in 2024.
  • Quarter analysis of 5 years shows Morningstar's Operating Expenses stood at $387.4 million in 2021, then grew by 13.45% to $439.5 million in 2022, then grew by 1.09% to $444.3 million in 2023, then rose by 9.57% to $486.8 million in 2024, then rose by 3.76% to $505.1 million in 2025.
  • Its Operating Expenses was $505.1 million in Q4 2025, compared to $490.1 million in Q3 2025 and $480.8 million in Q2 2025.