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

Morningstar (MORN) has reported Research & Development for 18 consecutive years, with $118.1 million the latest figure, recorded in Q2 2026.

• On a quarterly basis, Research & Development fell 1.34% year-over-year to $118.1 million in Q2 2026; TTM through Jun 2026 was $468.0 million, a 2.32% increase from a year earlier, with the FY2025 full-year figure at $467.0 million, up 5.9% from the prior year.
• Research & Development was $118.1 million for Q2 2026 at Morningstar, up from $115.2 million in the prior quarter.
• Over five years, Research & Development peaked at $119.7 million in Q2 2025 and troughed at $81.4 million in Q1 2022.
• A 5-year average of $106.8 million and a median of $108.7 million in 2023 frame the typical range for Research & Development.
• Across the five-year window, Research & Development surged 38.05% in 2022 and decreased 2.79% in 2024, its largest moves.
• Over 5 years, Research & Development stood at $93.6 million in 2022, then gained by 7.26% to $100.4 million in 2023, then grew by 16.73% to $117.2 million in 2024, then advanced by 1.71% to $119.2 million in 2025, then declined by 0.92% to $118.1 million in 2026.
• The last three Research & Development figures came in at $118.1 million (Q2 2026), $115.2 million (Q1 2026), and $119.2 million (Q4 2025), per Business Quant data.