Morningstar (MORN) Operating Leases (2019 - 2026)

Morningstar's (MORN) quarterly Operating Leases came in at $151.0 million in Q1 2026, down 24.27% year-on-year from $199.4 million in Q1 2025, and up 2.93% on a QoQ basis from $146.7 million in Q4 2025.

Morningstar (MORN) Operating Leases (2019 - 2026) Analysis & Trends

Morningstar (MORN) has 8 years of Operating Leases data on file, last reported at $151.0 million in Q1 2026.

  • On a quarterly basis, Operating Leases fell 24.27% year-over-year to $151.0 million in Q1 2026; TTM through Mar 2026 was $151.0 million, a 24.27% decrease from a year earlier, with the FY2025 full-year figure at $146.7 million, down 13.86% from the prior year.
  • Operating Leases for Q1 2026 stood at $151.0 million, up from $146.7 million in the prior quarter.
  • Over the last five years, Operating Leases for MORN reached as high as $206.4 million in Q1 2023 and fell as low as $129.1 million in Q1 2022.
  • Historically, Operating Leases has averaged $168.8 million across 5 years, with a median of $168.6 million in 2024.
  • On a YoY basis, Operating Leases climbed as much as 59.88% in 2023 and fell as far as 25.5% in 2023.
  • Year by year, Operating Leases stood at $176.7 million in 2022, then dropped by 14.32% to $151.4 million in 2023, then climbed by 12.48% to $170.3 million in 2024, then retreated by 13.86% to $146.7 million in 2025, then advanced by 2.93% to $151.0 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $151.0 million in Q1 2026, $146.7 million in Q4 2025, and $193.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 S&P Global 123.54 Bn 121.73 Bn 2.94 Bn
2 Cme 93.95 Bn 93.95 Bn 1.65 Bn
3 Intercontinental Exchange 86.02 Bn 84.27 Bn -
4 Moodys 83.68 Bn 82.18 Bn 1.67 Bn
5 Nasdaq 53.85 Bn 53.14 Bn 1.50 Bn
6 Coinbase Global 43.36 Bn 32.93 Bn 1.33 Bn
7 Msci 41.57 Bn 41.22 Bn 717.10 Mn
8 Cboe Global Markets 30.85 Bn 28.68 Bn 728.90 Mn
9 TransUnion 16.17 Bn 15.44 Bn 726.20 Mn
10 Morningstar 7.43 Bn 6.90 Bn 405.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 151.00 Mn
Dec 31, 2025 146.70 Mn
Sep 30, 2025 193.70 Mn
Jun 30, 2025 155.90 Mn
Mar 31, 2025 199.40 Mn
Dec 31, 2024 170.30 Mn
Sep 30, 2024 177.90 Mn
Jun 30, 2024 168.60 Mn
Mar 31, 2024 178.50 Mn
Dec 31, 2023 151.40 Mn
Sep 30, 2023 148.70 Mn
Jun 30, 2023 160.30 Mn
Mar 31, 2023 206.40 Mn
Dec 31, 2022 176.70 Mn
Sep 30, 2022 199.60 Mn
Jun 30, 2022 156.00 Mn
Mar 31, 2022 129.10 Mn
Dec 31, 2021 135.70 Mn
Sep 30, 2021 152.90 Mn
Jun 30, 2021 128.20 Mn