Morningstar (MORN) Operating Expenses (2009 - 2026)

Morningstar (MORN) has reported Operating Expenses for 18 consecutive years, with $509.4 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Expenses rose 5.95% year-over-year to $509.4 million in Q2 2026; TTM through Jun 2026 was $2.0 billion, a 5.56% increase from a year earlier, with the FY2025 full-year figure at $1.9 billion, up 4.83% from the prior year.
• Operating Expenses was $509.4 million for Q2 2026 at Morningstar, up from $489.8 million in the prior quarter.
• Over five years, Operating Expenses peaked at $509.4 million in Q2 2026 and troughed at $400.6 million in Q1 2022.
• A 5-year average of $461.6 million and a median of $459.1 million in 2023 frame the typical range for Operating Expenses.
• Across the five-year window, Operating Expenses rose 23.57% in 2022 and declined 1.1% in 2024, its largest moves.
• Over 5 years, Operating Expenses stood at $439.5 million in 2022, then advanced by 1.09% to $444.3 million in 2023, then grew by 9.57% to $486.8 million in 2024, then advanced by 3.76% to $505.1 million in 2025, then gained by 0.85% to $509.4 million in 2026.
• The last three Operating Expenses figures came in at $509.4 million (Q2 2026), $489.8 million (Q1 2026), and $505.1 million (Q4 2025), per Business Quant data.