Morningstar (MORN) Return on Equity [ROE] (2009 - 2026)
Morningstar's Return on Equity [ROE] came in at 43.48% for Q3 2026, up 19.44 percentage points from 24.04% a year earlier and up 2.19 percentage points from the prior quarter.
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Analysis
Morningstar (MORN) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Morningstar's Return on Equity [ROE] was 26.35%, up 1.24 percentage points from FY2024.
- Return on Equity [ROE] has increased in each of the last three years, with a five-year change of +7.36 percentage points (FY2020 to FY2025).
- Going back by year, Return on Equity [ROE] was 25.11% in FY2024 (+13.98 pp), 11.13% in FY2023 (+5.76 pp), 5.38% in FY2022 (-9.01 pp) and 14.39% in FY2021 (-4.60 pp).
- The Q3 2026 figure represents the highest quarterly Return on Equity [ROE] in data going back to Q3 2010.
- Year-over-year, Return on Equity [ROE] has increased for 12 consecutive quarters, with an average year-over-year change of +10.27 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Equity [ROE] over five years came in Q3 2026 (a gain of 19.44 percentage points), and the weakest in Q2 2023 (a drop of 12.15 percentage points).
- Business Quant data shows MORN's Return on Equity [ROE] at 41.28% (Q2 2026), 35.95% (Q1 2026) and 27.35% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Msci | 235.55 Bn | 234.03 Bn | 739.80 Mn | - |
| 2 | S&P Global | 137.22 Bn | 132.42 Bn | 2.64 Bn | 20.99% |
| 3 | Moodys | 88.04 Bn | 81.11 Bn | 1.50 Bn | 87.78% |
| 4 | Verisk Analytics | 26.17 Bn | 22.36 Bn | 567.00 Mn | - |
| 5 | Equifax | 22.05 Bn | 21.44 Bn | 940.10 Mn | 16.83% |
| 6 | TransUnion | 15.64 Bn | 12.48 Bn | - | 16.25% |
| 7 | Factset Research Systems | 11.49 Bn | 10.35 Bn | 308.40 Mn | 26.45% |
| 8 | Morningstar | 9.15 Bn | 7.04 Bn | 431.40 Mn | 43.48% |
| 9 | Mastercard | 570.55 Bn | 530.63 Bn | - | 274.42% |
| 10 | Cme | 110.48 Bn | 98.81 Bn | 359.20 Mn | 16.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 43.48% |
| Jun 30, 2026 | 41.28% |
| Mar 31, 2026 | 35.95% |
| Dec 31, 2025 | 27.35% |
| Sep 30, 2025 | 24.04% |
| Jun 30, 2025 | 25.07% |
| Mar 31, 2025 | 23.81% |
| Dec 31, 2024 | 23.23% |
| Sep 30, 2024 | 21.77% |
| Jun 30, 2024 | 17.46% |
| Mar 31, 2024 | 15.71% |
| Dec 31, 2023 | 10.97% |
| Sep 30, 2023 | 5.72% |
| Jun 30, 2023 | 1.87% |
| Mar 31, 2023 | 1.39% |
| Dec 31, 2022 | 5.91% |
| Sep 30, 2022 | 10.22% |
| Jun 30, 2022 | 14.02% |
| Mar 31, 2022 | 13.33% |
| Dec 31, 2021 | 13.80% |
API Access
Morningstar Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();