Morningstar (MORN) Income After Tax (2009 - 2026)
Morningstar (MORN) reported Income After Tax of $114 million for Q3 2026, up 24.3% from $91.7 million a year earlier and up 4.9% from the prior quarter.
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Analysis
Morningstar (MORN) Income After Tax (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Morningstar's Income After Tax came in at $444.4 million, up 13.4% year-over-year; for FY2025, it was $377.5 million, down 2.5% from FY2024.
- Income After Tax has a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- By year, Income After Tax came in at $387.3 million in FY2024 (+160.8%), $148.5 million in FY2023 (+100.4%), $74.1 million in FY2022 (-60.6%) and $187.9 million in FY2021 (-15.9%).
- Five-year quarterly Income After Tax spans a low of -$7.7 million in Q3 2022 and a high of $129 million in Q4 2024.
- Year over year, Income After Tax has now increased in each of the last three quarters, with growth averaging 20.2% over the last eight quarters.
- The high point for year-over-year Income After Tax in five years was Q3 2024 (growth of 200.5%); the low point was Q4 2022 (a decline of 92.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $108.7 million (Q2 2026), $107.2 million (Q1 2026) and $114.5 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Income After Tax (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 135.95 Bn | 125.80 Bn | 2.64 Bn | 1.41 Bn |
| 2 | Moodys | 87.18 Bn | 80.11 Bn | 1.50 Bn | 736.00 Mn |
| 3 | Msci | 46.24 Bn | 44.72 Bn | 739.80 Mn | 351.00 Mn |
| 4 | Verisk Analytics | 26.46 Bn | 21.10 Bn | 572.90 Mn | 228.60 Mn |
| 5 | Equifax | 22.29 Bn | 21.56 Bn | 940.10 Mn | 213.40 Mn |
| 6 | TransUnion | 15.65 Bn | 12.34 Bn | - | 160.50 Mn |
| 7 | Factset Research Systems | 11.79 Bn | 10.64 Bn | 308.40 Mn | 121.13 Mn |
| 8 | Morningstar | 9.04 Bn | 6.93 Bn | 431.40 Mn | 114.00 Mn |
| 9 | Mastercard | 577.18 Bn | 537.27 Bn | - | 4.63 Bn |
| 10 | Cme | 108.04 Bn | 96.37 Bn | - | 1.04 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 114.00 Mn |
| Jun 30, 2026 | 108.70 Mn |
| Mar 31, 2026 | 107.20 Mn |
| Dec 31, 2025 | 114.50 Mn |
| Sep 30, 2025 | 91.70 Mn |
| Jun 30, 2025 | 90.20 Mn |
| Mar 31, 2025 | 81.10 Mn |
| Dec 31, 2024 | 129.00 Mn |
| Sep 30, 2024 | 122.30 Mn |
| Jun 30, 2024 | 70.30 Mn |
| Mar 31, 2024 | 65.70 Mn |
| Dec 31, 2023 | 76.20 Mn |
| Sep 30, 2023 | 40.70 Mn |
| Jun 30, 2023 | 37.90 Mn |
| Mar 31, 2023 | -6.30 Mn |
| Dec 31, 2022 | 4.20 Mn |
| Sep 30, 2022 | -7.70 Mn |
| Jun 30, 2022 | 31.90 Mn |
| Mar 31, 2022 | 45.70 Mn |
| Dec 31, 2021 | 55.70 Mn |
API Access
Morningstar Income After Tax 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=profit-after-tax&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "profit-after-tax", "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=profit-after-tax&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();