Morningstar (MORN) Operating Margin (2009 - 2026)

Morningstar (MORN) has 18 years of Operating Margin data on file, last reported at 24.18% in Q1 2026.

• Operating Margin for Q1 2026 came in at 24.18%, up 457.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.66% (up 78.0% YoY), and the FY2025 annual result was 21.53%, up 22.0% from the prior year.
• Operating Margin eased to 24.18% in Q1 2026 per MORN's latest filing, from 24.89% in the prior quarter.
• Over five years, Operating Margin peaked at 28.46% in Q4 2024 and troughed at 4.7% in Q3 2022.
• A 5-year average of 16.19% and a median of 17.52% in 2023 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2022 and 2024: Operating Margin tumbled 1111 bps in 2022, then surged 1195 bps in 2024.
• A 5-year view of Operating Margin shows it stood at 7.47% in 2022, then soared by 134 bps to 17.52% in 2023, then soared by 62 bps to 28.46% in 2024, then slipped by 13 bps to 24.89% in 2025, then dropped by 3 bps to 24.18% in 2026.
• Business Quant data shows MORN's Operating Margin at 24.18% in Q1 2026, 24.89% in Q4 2025, and 20.7% in Q3 2025.