Morningstar (MORN) Operating Income (2009 - 2026)

Morningstar's (MORN) quarterly Operating Income came in at $155.9 million in Q1 2026, up 36.63% year-on-year from $114.1 million in Q1 2025, and down 2.32% on a QoQ basis from $159.6 million in Q4 2025.

Morningstar (MORN) Operating Income (2009 - 2026) Analysis & Trends

Morningstar (MORN) has 18 years of Operating Income data on file, last reported at $155.9 million in Q1 2026.

  • On a quarterly basis, Operating Income rose 36.63% year-over-year to $155.9 million in Q1 2026; TTM through Mar 2026 was $568.4 million, a 12.27% increase from a year earlier, with the FY2025 full-year figure at $526.6 million, up 8.62% from the prior year.
  • Operating Income for Q1 2026 stood at $155.9 million, down from $159.6 million in the prior quarter.
  • Over the last five years, Operating Income for MORN reached as high as $168.2 million in Q4 2024 and fell as low as $22.0 million in Q3 2022.
  • Historically, Operating Income has averaged $92.1 million across 5 years, with a median of $94.4 million in 2023.
  • Across the five-year window, Operating Income slumped 67.55% in 2022 and soared 277.96% in 2024, its largest moves.
  • Year by year, Operating Income stood at $35.5 million in 2022, then soared by 165.92% to $94.4 million in 2023, then jumped by 78.18% to $168.2 million in 2024, then fell by 5.11% to $159.6 million in 2025, then fell by 2.32% to $155.9 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were $155.9 million in Q1 2026, $159.6 million in Q4 2025, and $127.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn - -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn 2.00 Bn
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn 1.11 Bn
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn 1.05 Bn
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 1.67 Bn
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 712.00 Mn
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn -21.42 Mn
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn 487.50 Mn
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 505.60 Mn
10 Morningstar 7.14 Bn 6.60 Bn 405.90 Mn 155.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 155.90 Mn
Dec 31, 2025 159.60 Mn
Sep 30, 2025 127.80 Mn
Jun 30, 2025 125.10 Mn
Mar 31, 2025 114.10 Mn
Dec 31, 2024 168.20 Mn
Sep 30, 2024 115.50 Mn
Jun 30, 2024 108.50 Mn
Mar 31, 2024 92.60 Mn
Dec 31, 2023 94.40 Mn
Sep 30, 2023 70.00 Mn
Jun 30, 2023 41.70 Mn
Mar 31, 2023 24.50 Mn
Dec 31, 2022 35.50 Mn
Sep 30, 2022 22.00 Mn
Jun 30, 2022 53.90 Mn
Mar 31, 2022 56.40 Mn
Dec 31, 2021 74.80 Mn
Sep 30, 2021 67.80 Mn
Jun 30, 2021 47.20 Mn