Morningstar (MORN) Share-based Compensation (2009 - 2026)
Morningstar's Share-based Compensation was $16.6 million in Q3 2026, down 10.8% from $18.6 million a year earlier and down 39.2% from the prior quarter.
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Analysis
Morningstar (MORN) Share-based Compensation (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Morningstar's Share-based Compensation was $65 million through Sep 30, 2026, up 4.8% year-over-year; for FY2025, it came in at $56.4 million, up 3.1% from FY2024.
- Share-based Compensation shows a five-year compound annual growth rate of 9.0% (FY2020 to FY2025).
- In earlier years, Share-based Compensation was $54.7 million in FY2024 (+3.6%), $52.8 million in FY2023 (-36.5%), $83.2 million in FY2022 (+98.6%) and $41.9 million in FY2021 (+14.5%).
- Quarterly Share-based Compensation has moved between $9.1 million (Q1 2025) and $27.3 million (Q2 2026) over five years.
- Compared with a year earlier, Share-based Compensation was higher in five of the last eight quarters, with growth averaging 14.3%.
- The best year-over-year quarter for Share-based Compensation over five years was Q4 2022 (growth of 130.3%); the worst was Q4 2023 (a decline of 55.8%).
- Per Business Quant data, MORN's Share-based Compensation in the three quarters before Q3 2026 was $27.3 million (Q2 2026), $10.8 million (Q1 2026) and $10.3 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 136.14 Bn | 125.99 Bn | 2.64 Bn | 32.00 Mn |
| 2 | Moodys | 87.37 Bn | 80.29 Bn | 1.50 Bn | 58.00 Mn |
| 3 | Msci | 46.53 Bn | 45.01 Bn | 739.80 Mn | 27.50 Mn |
| 4 | Verisk Analytics | 25.76 Bn | 20.40 Bn | 572.90 Mn | 14.70 Mn |
| 5 | Equifax | 21.57 Bn | 20.84 Bn | 940.10 Mn | 14.00 Mn |
| 6 | TransUnion | 15.42 Bn | 12.11 Bn | - | 37.00 Mn |
| 7 | Factset Research Systems | 11.51 Bn | 10.36 Bn | 308.40 Mn | 22.56 Mn |
| 8 | Morningstar | 9.02 Bn | 6.91 Bn | 431.40 Mn | 16.60 Mn |
| 9 | Mastercard | 571.76 Bn | 531.85 Bn | - | 199.00 Mn |
| 10 | Cme | 109.34 Bn | 97.67 Bn | - | 24.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.60 Mn |
| Jun 30, 2026 | 27.30 Mn |
| Mar 31, 2026 | 10.80 Mn |
| Dec 31, 2025 | 10.30 Mn |
| Sep 30, 2025 | 18.60 Mn |
| Jun 30, 2025 | 18.40 Mn |
| Mar 31, 2025 | 9.10 Mn |
| Dec 31, 2024 | 15.90 Mn |
| Sep 30, 2024 | 13.20 Mn |
| Jun 30, 2024 | 14.20 Mn |
| Mar 31, 2024 | 11.40 Mn |
| Dec 31, 2023 | 11.10 Mn |
| Sep 30, 2023 | 14.70 Mn |
| Jun 30, 2023 | 14.80 Mn |
| Mar 31, 2023 | 12.20 Mn |
| Dec 31, 2022 | 25.10 Mn |
| Sep 30, 2022 | 22.10 Mn |
| Jun 30, 2022 | 22.10 Mn |
| Mar 31, 2022 | 13.90 Mn |
| Dec 31, 2021 | 10.90 Mn |
API Access
Morningstar Share-based Compensation 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=share-based-compensation&ticker=MORN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "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=share-based-compensation&ticker=MORN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();