Morningstar (MORN) Other Working Capital Changes (2009 - 2026)
Morningstar (MORN) reported Other Working Capital Changes of -$41.8 million for Q2 2026, compared with -$12.5 million a year earlier.
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Analysis
Morningstar (MORN) Other Working Capital Changes (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Morningstar's Other Working Capital Changes came in at $12.2 million, down 62.9% year-over-year; for FY2025, it came in at $25.7 million, down 14.6% from FY2024.
- Other Working Capital Changes has declined for four consecutive years, with a five-year compound annual growth rate of -2.7% (FY2020 to FY2025).
- By year, Other Working Capital Changes came in at $30.1 million in FY2024 (-40.9%), $50.9 million in FY2023 (-15.2%), $60 million in FY2022 (-23.3%) and $78.2 million in FY2021 (+165.1%).
- The Q2 2026 figure ranks as the lowest quarterly Other Working Capital Changes since Q1 2023.
- Year over year, Other Working Capital Changes gained in two of the last four quarters, with growth averaging 12.2%.
- The high point for year-over-year Other Working Capital Changes in five years was Q2 2023 (growth of 782.7%); the low point was Q4 2024 (a decline of 49.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $63.7 million (Q1 2026), $19.7 million (Q4 2025) and -$29.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | S&P Global | 130.92 Bn | 121.51 Bn | 2.98 Bn |
| 2 | Moodys | 83.50 Bn | 75.78 Bn | 1.67 Bn |
| 3 | Msci | 43.53 Bn | 42.01 Bn | 739.80 Mn |
| 4 | Verisk Analytics | 25.14 Bn | 19.78 Bn | 572.90 Mn |
| 5 | Equifax | 20.60 Bn | 19.88 Bn | 940.10 Mn |
| 6 | TransUnion | 15.19 Bn | 12.02 Bn | - |
| 7 | Factset Research Systems | 11.67 Bn | 10.52 Bn | 308.40 Mn |
| 8 | Morningstar | 8.10 Bn | 6.00 Bn | 423.90 Mn |
| 9 | Mastercard | 548.82 Bn | 508.75 Bn | - |
| 10 | Cme | 106.61 Bn | 94.70 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -8.30 Mn |
| Mar 31, 2026 | -10.40 Mn |
| Dec 31, 2025 | -5.30 Mn |
| Sep 30, 2025 | 5.00 Mn |
| Jun 30, 2025 | 4.70 Mn |
| Mar 31, 2025 | -6.00 Mn |
| Dec 31, 2024 | -200,000.00 |
| Sep 30, 2024 | -200,000.00 |
| Jun 30, 2024 | -6.10 Mn |
| Mar 31, 2024 | -10.10 Mn |
| Dec 31, 2023 | 9.30 Mn |
| Sep 30, 2023 | 4.90 Mn |
| Jun 30, 2023 | -56.80 Mn |
| Mar 31, 2023 | 52.40 Mn |
| Dec 31, 2022 | 12.90 Mn |
| Sep 30, 2022 | -10.30 Mn |
| Jun 30, 2022 | 600,000.00 |
| Mar 31, 2022 | -16.00 Mn |
| Dec 31, 2021 | -5.30 Mn |
| Sep 30, 2021 | 6.30 Mn |
API Access
Morningstar Other Working Capital Changes 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-working-capital-changes&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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-working-capital-changes&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();