Morningstar (MORN) Other Operating Expenses (2009 - 2026)
Morningstar's Other Operating Expenses came in at $6.8 million for Q2 2026, up 750.0% from $800,000 a year earlier and up 655.6% from the prior quarter.
Powered by 
Analysis
Morningstar (MORN) Other Operating Expenses (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Morningstar reported Other Operating Expenses of $391.6 million, up 7.3% year-over-year; for FY2025, it came in at $1.48 billion, up 5.6% from FY2024.
- Other Operating Expenses has increased in each of the last eight years, with a five-year compound annual growth rate of 12.5% (FY2020 to FY2025).
- Going back by year, Other Operating Expenses was $1.4 billion in FY2024 (+4.7%), $1.34 billion in FY2023 (+11.2%), $1.2 billion in FY2022 (+16.2%) and $1.04 billion in FY2021 (+26.1%).
- The five-year range for quarterly Other Operating Expenses is $500,000 (Q3 2025) to $383.4 million (Q4 2025).
- The fastest year-over-year change in Other Operating Expenses over five years came in Q2 2026 (growth of 750.0%), and the weakest in Q1 2024 (a decline of 8.2%).
- Business Quant data shows MORN's Other Operating Expenses at $900,000 (Q1 2026), $383.4 million (Q4 2025) and $500,000 (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 | 116.38 Bn | 111.98 Bn | 2.98 Bn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.80 Mn |
| Mar 31, 2026 | 900,000.00 |
| Dec 31, 2025 | 383.40 Mn |
| Sep 30, 2025 | 500,000.00 |
| Jun 30, 2025 | 800,000.00 |
| Dec 31, 2024 | 364.00 Mn |
| Mar 31, 2024 | 340.70 Mn |
| Dec 31, 2023 | 352.30 Mn |
| Sep 30, 2023 | 355.80 Mn |
| Jun 30, 2023 | 372.90 Mn |
| Mar 31, 2023 | 371.20 Mn |
| Dec 31, 2022 | 333.40 Mn |
| Sep 30, 2022 | 329.30 Mn |
| Jun 30, 2022 | 329.40 Mn |
| Mar 31, 2022 | 310.30 Mn |
| Dec 31, 2021 | 301.50 Mn |
| Sep 30, 2021 | 294.10 Mn |
| Jun 30, 2021 | 272.50 Mn |
| Mar 31, 2021 | 255.80 Mn |
| Dec 31, 2020 | 241.10 Mn |
API Access
Morningstar Other Operating Expenses 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=other-operating-expenses&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "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=other-operating-expenses&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();