Growth Metrics

Morningstar (MORN) Operating Margin (2016 - 2026)

Morningstar (MORN) has disclosed Operating Margin for 18 consecutive years, with 24.18% as the latest value for Q1 2026.

  • For Q1 2026, Operating Margin rose 457.0% year-over-year to 24.18%; the TTM value through Mar 2026 reached 22.66%, up 78.0%, while the annual FY2025 figure was 21.53%, 22.0% up from the prior year.
  • Operating Margin hit 24.18% in Q1 2026 for Morningstar, down from 24.89% in the prior quarter.
  • Across five years, Operating Margin topped out at 28.46% in Q4 2024 and bottomed at 4.7% in Q3 2022.
  • Average Operating Margin over 5 years is 16.19%, with a median of 17.52% recorded in 2023.
  • Year-over-year, Operating Margin crashed -1111bps in 2022 and then skyrocketed 1195bps in 2024.
  • Morningstar's Operating Margin stood at 7.47% in 2022, then soared by 134bps to 17.52% in 2023, then soared by 62bps to 28.46% in 2024, then fell by -13bps to 24.89% in 2025, then dropped by -3bps to 24.18% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 24.18%, 24.89%, and 20.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.