Morningstar (MORN) Research & Development (2009 - 2026)

Morningstar (MORN) has 18 years of Research & Development data on file, last reported at $115.2 million in Q1 2026.

• On a quarterly basis, Research & Development rose 2.31% year-over-year to $115.2 million in Q1 2026; TTM through Mar 2026 was $469.6 million, a 4.59% increase from a year earlier, with the FY2025 full-year figure at $467.0 million, up 5.9% from the prior year.
• Research & Development for Q1 2026 stood at $115.2 million, down from $119.2 million in the prior quarter.
• Over the last five years, Research & Development for MORN reached as high as $119.7 million in Q2 2025 and fell as low as $81.4 million in Q1 2022.
• Historically, Research & Development has averaged $106.1 million across 5 years, with a median of $107.9 million in 2024.
• Across the five-year window, Research & Development jumped 38.05% in 2022 and retreated 2.79% in 2024, its largest moves.
• Year by year, Research & Development stood at $93.6 million in 2022, then gained by 7.26% to $100.4 million in 2023, then advanced by 16.73% to $117.2 million in 2024, then rose by 1.71% to $119.2 million in 2025, then retreated by 3.36% to $115.2 million in 2026.
• Per Business Quant data, the three most recent Research & Development figures were $115.2 million in Q1 2026, $119.2 million in Q4 2025, and $115.5 million in Q3 2025.