Morningstar (MORN) Operating Leases (2019 - 2026)
Morningstar (MORN) posted quarterly Operating Leases of $191.5 million for Q2 2026, down 1.9% year-over-year from $195.2 million in Q2 2025, and down 1.14% quarter-over-quarter from $193.7 million in Q1 2026.
Morningstar (MORN) Operating Leases (2019 - 2026) Analysis & Trends
Morningstar (MORN) has reported Operating Leases for 8 consecutive years, with $191.5 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Leases fell 1.9% year-over-year to $191.5 million; the TTM figure through Jun 2026 stood at $191.5 million (down 1.9% YoY), while the FY2025 annual figure was $146.7 million, down 13.86% from the prior year.
- Operating Leases retreated to $191.5 million in Q2 2026 per MORN's latest filing, from $193.7 million in the prior quarter.
- Across five years, Operating Leases topped out at $206.4 million in Q1 2023 and bottomed at $146.7 million in Q4 2025.
- Historically, Operating Leases has averaged $180.7 million across 5 years, with a median of $181.6 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Leases jumped 30.54% — and 2023, when it declined 14.32%.
- Morningstar's Operating Leases stood at $176.7 million in 2022, then decreased by 14.32% to $151.4 million in 2023, then gained by 12.48% to $170.3 million in 2024, then declined by 13.86% to $146.7 million in 2025, then surged by 30.54% to $191.5 million in 2026.
- Business Quant data shows MORN's Operating Leases at $191.5 million in Q2 2026, $193.7 million in Q1 2026, and $146.7 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 127.26 Bn | 123.12 Bn | 2.98 Bn |
| 2 | Cme | 99.13 Bn | 99.13 Bn | 1.65 Bn |
| 3 | Intercontinental Exchange | 90.95 Bn | 88.99 Bn | - |
| 4 | Moodys | 87.63 Bn | 86.13 Bn | 1.67 Bn |
| 5 | Nasdaq | 55.45 Bn | 54.73 Bn | 1.50 Bn |
| 6 | Coinbase Global | 49.19 Bn | 40.40 Bn | 1.16 Bn |
| 7 | Msci | 41.09 Bn | 40.73 Bn | 717.10 Mn |
| 8 | Cboe Global Markets | 31.57 Bn | 29.18 Bn | 731.60 Mn |
| 9 | TransUnion | 16.37 Bn | 15.54 Bn | 765.00 Mn |
| 10 | Morningstar | 8.19 Bn | 7.66 Bn | 423.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 191.50 Mn |
| Mar 31, 2026 | 193.70 Mn |
| Dec 31, 2025 | 146.70 Mn |
| Sep 30, 2025 | 193.70 Mn |
| Jun 30, 2025 | 195.20 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 | 184.70 Mn |
| Jun 30, 2023 | 196.60 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 | 166.50 Mn |
| Dec 31, 2021 | 135.70 Mn |
| Sep 30, 2021 | 152.90 Mn |