Morningstar (MORN) Payables (2009 - 2026)
Morningstar (MORN) reported Payables of $110.1 million for Q2 2026, up 22.1% from $90.2 million a year earlier but down 10.3% from the prior quarter.
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Analysis
Morningstar (MORN) Payables (2009 - 2026) Analysis & Trends
At the end of FY2025, Morningstar posted Payables of $97.9 million, up 12.1% from FY2024.
- Payables has a five-year compound annual growth rate of 8.7% (FY2020 to FY2025).
- By year, Payables came in at $87.3 million in FY2024 (-21.0%), $110.5 million in FY2023 (+2.0%), $108.3 million in FY2022 (+41.6%) and $76.5 million in FY2021 (+18.6%).
- Five-year quarterly Payables spans a low of $50.5 million in Q3 2021 and a high of $122.8 million in Q1 2026.
- Year over year, Payables has now increased in each of the last five quarters, with growth averaging 5.4% over the last eight quarters.
- The high point for year-over-year Payables in five years was Q3 2022 (growth of 96.4%); the low point was Q3 2021 (a decline of 83.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $122.8 million (Q1 2026), $97.9 million (Q4 2025) and $90.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 116.38 Bn | 111.98 Bn | 2.98 Bn | 611.00 Mn |
| 2 | Moodys | 78.67 Bn | 71.10 Bn | 1.67 Bn | 1.09 Bn |
| 3 | Msci | 39.16 Bn | 37.50 Bn | 717.10 Mn | 17.20 Mn |
| 4 | Verisk Analytics | 21.84 Bn | 16.48 Bn | 572.90 Mn | 254.30 Mn |
| 5 | Equifax | 16.14 Bn | 15.54 Bn | 926.40 Mn | 126.60 Mn |
| 6 | TransUnion | 11.72 Bn | 8.70 Bn | - | 404.90 Mn |
| 7 | Factset Research Systems | 9.66 Bn | 8.43 Bn | 310.73 Mn | 205.48 Mn |
| 8 | Morningstar | 7.13 Bn | 5.03 Bn | 423.90 Mn | 110.10 Mn |
| 9 | Mastercard | 480.27 Bn | 440.19 Bn | - | 1.13 Bn |
| 10 | Cme | 94.12 Bn | 94.12 Bn | - | 68.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 110.10 Mn |
| Mar 31, 2026 | 122.80 Mn |
| Dec 31, 2025 | 97.90 Mn |
| Sep 30, 2025 | 90.40 Mn |
| Jun 30, 2025 | 90.20 Mn |
| Mar 31, 2025 | 92.60 Mn |
| Dec 31, 2024 | 87.30 Mn |
| Sep 30, 2024 | 80.40 Mn |
| Jun 30, 2024 | 77.10 Mn |
| Mar 31, 2024 | 104.10 Mn |
| Dec 31, 2023 | 110.50 Mn |
| Sep 30, 2023 | 102.20 Mn |
| Jun 30, 2023 | 101.10 Mn |
| Mar 31, 2023 | 101.70 Mn |
| Dec 31, 2022 | 108.30 Mn |
| Sep 30, 2022 | 99.20 Mn |
| Jun 30, 2022 | 109.50 Mn |
| Mar 31, 2022 | 72.70 Mn |
| Dec 31, 2021 | 76.50 Mn |
| Sep 30, 2021 | 50.50 Mn |
API Access
Morningstar Payables 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=payables&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();