Morningstar (MORN) Payables (2009 - 2026)
Morningstar (MORN) reported Payables of $119.9 million for Q3 2026, up 32.6% from $90.4 million a year earlier and up 8.9% 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 $72.7 million in Q1 2022 and a high of $122.8 million in Q1 2026.
- Year over year, Payables has now increased in each of the last six quarters, with growth averaging 12.1% 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 Q2 2024 (a decline of 23.7%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $110.1 million (Q2 2026), $122.8 million (Q1 2026) and $97.9 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn | 507.00 Mn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn | 1.22 Bn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn | 5.90 Mn |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn | 254.30 Mn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn | 115.30 Mn |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - | 409.20 Mn |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn | 177.01 Mn |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn | 119.90 Mn |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - | 1.08 Bn |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - | 67.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 119.90 Mn |
| 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 |
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();