Morningstar (MORN) Operating Leases (2019 - 2026)
Morningstar's Operating Leases came in at $149.7 million for Q2 2026, down 4.0% from $155.9 million a year earlier and down 0.9% from the prior quarter.
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Analysis
Morningstar (MORN) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Morningstar's Operating Leases was $146.7 million, down 13.9% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of 1.3% (FY2020 to FY2025).
- Going back by year, Operating Leases was $170.3 million in FY2024 (+12.5%), $151.4 million in FY2023 (-14.3%), $176.7 million in FY2022 (+30.2%) and $135.7 million in FY2021 (-1.5%).
- The five-year range for quarterly Operating Leases is $119.3 million (Q2 2022) to $176.7 million (Q4 2022).
- Year-over-year, Operating Leases has declined for three consecutive quarters, with growth averaging 2.3% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q2 2023 (growth of 34.4%), and the weakest in Q1 2024 (a decline of 15.6%).
- Business Quant data shows MORN's Operating Leases at $151 million (Q1 2026), $146.7 million (Q4 2025) and $153.8 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 130.82 Bn | 121.41 Bn | 2.98 Bn |
| 2 | Moodys | 83.64 Bn | 75.93 Bn | 1.67 Bn |
| 3 | Msci | 43.64 Bn | 42.12 Bn | 739.80 Mn |
| 4 | Verisk Analytics | 25.10 Bn | 19.74 Bn | 572.90 Mn |
| 5 | Equifax | 20.57 Bn | 19.84 Bn | 940.10 Mn |
| 6 | TransUnion | 15.12 Bn | 11.95 Bn | - |
| 7 | Factset Research Systems | 11.66 Bn | 10.51 Bn | 308.40 Mn |
| 8 | Morningstar | 8.02 Bn | 5.92 Bn | 423.90 Mn |
| 9 | Mastercard | 549.68 Bn | 509.60 Bn | - |
| 10 | Cme | 106.33 Bn | 94.42 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 149.70 Mn |
| Mar 31, 2026 | 151.00 Mn |
| Dec 31, 2025 | 146.70 Mn |
| Sep 30, 2025 | 153.80 Mn |
| Jun 30, 2025 | 155.90 Mn |
| Mar 31, 2025 | 161.70 Mn |
| Dec 31, 2024 | 170.30 Mn |
| Sep 30, 2024 | 145.70 Mn |
| Jun 30, 2024 | 136.60 Mn |
| Mar 31, 2024 | 143.80 Mn |
| Dec 31, 2023 | 151.40 Mn |
| Sep 30, 2023 | 148.70 Mn |
| Jun 30, 2023 | 160.30 Mn |
| Mar 31, 2023 | 170.30 Mn |
| Dec 31, 2022 | 176.70 Mn |
| Sep 30, 2022 | 162.50 Mn |
| Jun 30, 2022 | 119.30 Mn |
| Mar 31, 2022 | 129.10 Mn |
| Dec 31, 2021 | 135.70 Mn |
| Sep 30, 2021 | 121.40 Mn |
API Access
Morningstar Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "MORN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();